http://nz.biz.yahoo.com//090430/24/c2xc.html
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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