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Research and Markets: Thailand Food and Drink Report Q2 2009

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Research and Markets (http://www.researchandmarkets.com/research/c7f9a4/thailand_food_and) has announced the addition of the "Thailand Food and Drink Report Q2 2009" report to their offering.
BMI's Thailand Food and Drink Report provides independent forecasts and competitive intelligence on Thailand's food and drink industry.
BMI has subsequently revised its GDP growth forecast for Thailand in 2009 downwards from 3.8% in late 2008 to just 1% now.
The country's export-oriented economy looks set to suffer as it struggles with waning global demand and deteriorating consumer spending power in the US, the EU and Japan (the three regions account for a combined 34% of all Thai exports) and this is forecast to worsen in 2009, with BMI forecasting US GDP to contract by 2.04%, while the Japanese economy will shrink by 2.26% and growth in Europe will stand at -0.73%.
Despite concerns over the economy and weakening consumer confidence, this quarter has seen a number of companies confirm investment plans. Thailand's leading food manufacturer Charoen Pokphand Foods (CPF) has announced it intends to invest THB750mn (US$21.5mn) expanding its domestic operations, while retailers: CP All, Tesco Lotus and Siam Makro have all confirmed plans to invest in expansions. With per capita food consumption forecast to grow 60.2% to US$756.7 in 2013 and sales through modern retail outlets expected to reach US$20.07bn in 2013 these investments are not surprising. However, one retailer not feeling so confident is Central Retail who announced in January it was planning to delay its proposed THB10bn (US$281.7mn) investment due to economic uncertainty.
Elsewhere, this quarter saw Finnish food company Raisio's Thai partner Saha Pathanapibul announce plans to launch Benecol, a dietary supplement drink, in Thailand, indicating that the country still poses an attractive investment opportunity. The launch of Benecol will help both Raisio and Saha Pathanapibul take advantage of expected growth in Thailand's soft drink sector, with BMI predicting value sales to grow by 38% from 2008 to reach US$3.41bn in 2013.
Regardless of economic pressures and an increasingly challenging operating environment, activity this quarter demonstrates that many companies remain committed to Thailand and says much about the remaining potential in the country.
Key Topics Covered:
Executive Summary
Food
Drink
Market Overview
Competitive Landscape
Appendix
Companies Mentioned:
Chokchai
Charoen Pokphand Foods (CPF)
Thai President Foods
Thai Beverages Plc (ThaiBev)
Thai Asia Pacific Brewery (Thai APB)
Singha Corporation (formerly Boon Rawd Brewery)
CP All Ltd
Carrefour
Siam FamilyMart
Tesco Lotus
Central Food Retail Company Ltd (CFR)
For more information visit http://www.researchandmarkets.com/research/c7f9a4/thailand_food_and.

Contact:Research and Markets, Ltd.Laura WoodSenior Managerpress@researchandmarkets.comFax 
      from USA: 646-607-1907Fax from rest of the world: +353-1-481-1716

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