Retail Market size in Thailand to grow by USD 63.19 billion from 2022 to 2027, Analysis of top vendors such as A.S. Watson Group, Aeon Co. Ltd., Berli Jucker Public Co. Ltd. - Technavio

NEW YORK, March 23, 2023 /PRNewswire/ -- The retail market in Thailand size is estimated to increase by USD 63.19 billion from 2022 to 2027. The market's growth momentum will progress at a CAGR of 5.95% during the forecast period. Technavio has segmented the market based on distribution channels (offline and online) and products (grocery, apparel and footwear, BPC, home and garden, and others). The retail market in Thailand is fragmented, with the presence of several global as well as regional vendors. A few prominent vendors that offer retail in Thailand in the market are A.S. Watson Group, Aeon Co. Ltd., Berli Jucker Public Co. Ltd., Central Group of Company, CJ Express Group Co. Ltd., CP All Public Co. Ltd., Foodland Supermarket Co. Ltd., Home Product Center Public Co. Ltd., Isetan Mitsukoshi Holdings Ltd., Rimping Supermarket, Robinsons Retail Holding Inc., Seven and I Holdings Co. Ltd., SPAR International, Tesco Plc, The Mall Group Co. Ltd., and Villa Market JP Co. Ltd. and others.

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Retail Market In Thailand - Segmentation Assessment
Segment Overview

• The market share growth by the offline segment will be significant for the retail market in Thailand's growth during the forecast period. The offline segment includes vendors' proprietary retail outlets and organized retail stores such as departmental stores, hypermarkets, and supermarkets. These stores are expected to account for the highest sales of retail products during the forecast period. Hence, the offline distribution channel is expected to surge forward in terms of growth during the forecast period.

Retail market in Thailand – Vendor Analysis

Vendor Offerings -

• A.S. Watson Group - The company offers retail solutions through G9 Store.
• Aeon Co. Ltd. - The company offers retail solutions through its general merchandise store, and supermarket.
• Berli Jucker Public Co. Ltd. - The company offers retail solutions through its general merchandise store and supermarket.
• For details on vendors and their offerings – Request a sample report

What's New? -

• Special coverage on the Russia-Ukraine war; global inflation; recovery analysis from COVID-19; supply chain disruptions, global trade tensions; and risk of recession
• Global competitiveness and key competitor positions
• Market presence across multiple geographical footprints - Strong/Active/Niche/Trivial - Buy the report!

For insights on global, regional, and country-level parameters with growth opportunities from 2017 to 2027 - Download a Sample Report

Retail Market In Thailand – Market Dynamics
Leading Drivers - 

One of the major factors driving growth in the retail market in Thailand is the rising demand for convenience food products. The preference for convenience food products, including processed meat and poultry products, is increasing when compared with home-cooked food that needs to be prepared from scratch. This growth in demand can be attributed to factors such as the rising busy daily schedules and an increase in the number of working women. The time spent on household chores is declining due to the increasing working population and busy schedules. The growth in the number of working women has also resulted in a rise in financial independence and disposable income. 

Key Trends - 

The surge in sales through online distribution channels is a key retail market trend in Thailand during the forecast period. Sales of retail products through the online distribution channel have undergone a substantial surge in recent times. Both established and private retailers effectively sell their products through online shopping portals because the distribution channel eliminates the need for physical stores, merchandise, salespeople, and inventory. Retailers leverage factors such as the significant increase in internet and smartphone penetration in the country to offer their products online. 

Major challenges - 

The threat of counterfeit products will be a primary challenge for the retail market in Thailand. Amid the wide availability of numerous spurious products ranging from FMCG to electronic goods, the retail market in Thailand faces a significant threat. The counterfeit market drives the influx of fake products, especially through online/e-commerce platforms. Consumers are often misled by fake packaging and product names similar to that of established brands, especially in the rural areas of Thailand. The availability of counterfeit products adversely affects sales of major retailers and hampers the goodwill and image of genuine manufacturers. Duplicate brands price their products at lower rates, but the products lack quality and durability. Hence, the existence of counterfeit products is a major threat to the market.

Driver, Trend & Challenges are the factor of market dynamics which states about consequences & sustainability of the businesses, find some insights from a sample report!

What are the key data covered in this Retail Market In Thailand report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the retail market in Thailand between 2023 and 2027
• Precise estimation of the size of the retail market in Thailand and its contribution to the market with a focus on the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the retail market in Thailand industry across Thailand
• A thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of the retail market in Thailand vendors

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Related Reports:

The retail market in Vietnam is estimated to grow at a CAGR of 11.4% between 2022 and 2027. The size of the market is forecast to increase by USD 163.49 billion. The growing demand for convenience food products is a key driver supporting the Vietnam retail market growth.

The retail market size in the Philippines is expected to increase by USD 70.67 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 11.68%. One of the key factors driving the retail market in the Philippines is the growing demand for convenience food products that require only limited preparation before consumption.

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Table of Contents

1 Executive Summary

• 1.1 Market overview
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Country Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market Segmentation by Distribution Channel
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
• Exhibit 06: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 07: Parent market
• Exhibit 08: Market Characteristics

3 Market Sizing

• 3.1 Market definition
• Exhibit 09: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 10: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 11: Chart on Thailand - Market size and forecast 2022-2027 ($ billion)
• Exhibit 12: Data Table on Thailand - Market size and forecast 2022-2027 ($ billion)
• Exhibit 13: Chart on Thailand: Year-over-year growth 2022-2027 (%)
• Exhibit 14: Data Table on Thailand: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Retail market in Thailand 2017 - 2021 
• Exhibit 15: Historic Market Size – Data Table on Retail market in Thailand 2017 - 2021 ($ billion)

• 4.2 Distribution Channel Segment Analysis 2017 - 2021 
• Exhibit 16: Historic Market Size – Distribution Channel Segment 2017 - 2021 ($ billion)

• 4.3 Product Segment Analysis 2017 - 2021 
• Exhibit 17: Historic Market Size – Product Segment 2017 - 2021 ($ billion)

5 Five Forces Analysis

• 5.1 Five forces summary
• Exhibit 18: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 19: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 20: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 21: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 22: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry
• Exhibit 23: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition
• Exhibit 24: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Distribution Channel

• 6.1 Market segments
• Exhibit 25: Chart on Distribution Channel - Market share 2022-2027 (%)
• Exhibit 26: Data Table on Distribution Channel - Market share 2022-2027 (%)

• 6.2 Comparison by Distribution Channel 
• Exhibit 27: Chart on Comparison by Distribution Channel
• Exhibit 28: Data Table on Comparison by Distribution Channel

• 6.3 Offline - Market size and forecast 2022-2027 
• Exhibit 29: Chart on Offline - Market size and forecast 2022-2027 ($ billion)
• Exhibit 30: Data Table on Offline - Market size and forecast 2022-2027 ($ billion)
• Exhibit 31: Chart on Offline - Year-over-year growth 2022-2027 (%)
• Exhibit 32: Data Table on Offline - Year-over-year growth 2022-2027 (%)

• 6.4 Online - Market size and forecast 2022-2027 
• Exhibit 33: Chart on Online - Market size and forecast 2022-2027 ($ billion)
• Exhibit 34: Data Table on Online - Market size and forecast 2022-2027 ($ billion)
• Exhibit 35: Chart on Online - Year-over-year growth 2022-2027 (%)
• Exhibit 36: Data Table on Online - Year-over-year growth 2022-2027 (%)

• 6.5 Market opportunity by Distribution Channel 
• Exhibit 37: Market opportunity by Distribution Channel ($ billion)

7 Market Segmentation by Product

• 7.1 Market segments
• Exhibit 38: Chart on Product - Market share 2022-2027 (%)
• Exhibit 39: Data Table on Product - Market share 2022-2027 (%)

• 7.2 Comparison by Product 
• Exhibit 40: Chart on Comparison by Product
• Exhibit 41: Data Table on Comparison by Product

• 7.3 Grocery - Market size and forecast 2022-2027 
• Exhibit 42: Chart on Grocery - Market size and forecast 2022-2027 ($ billion)
• Exhibit 43: Data Table on Grocery - Market size and forecast 2022-2027 ($ billion)
• Exhibit 44: Chart on Grocery - Year-over-year growth 2022-2027 (%)
• Exhibit 45: Data Table on Grocery - Year-over-year growth 2022-2027 (%)

• 7.4 Apparel and footwear - Market size and forecast 2022-2027 
• Exhibit 46: Chart on Apparel and footwear - Market size and forecast 2022-2027 ($ billion)
• Exhibit 47: Data Table on Apparel and footwear - Market size and forecast 2022-2027 ($ billion)
• Exhibit 48: Chart on Apparel and footwear - Year-over-year growth 2022-2027 (%)
• Exhibit 49: Data Table on Apparel and footwear - Year-over-year growth 2022-2027 (%)

• 7.5 BPC - Market size and forecast 2022-2027 
• Exhibit 50: Chart on BPC - Market size and forecast 2022-2027 ($ billion)
• Exhibit 51: Data Table on BPC - Market size and forecast 2022-2027 ($ billion)
• Exhibit 52: Chart on BPC - Year-over-year growth 2022-2027 (%)
• Exhibit 53: Data Table on BPC - Year-over-year growth 2022-2027 (%)

• 7.6 Home and garden - Market size and forecast 2022-2027 
• Exhibit 54: Chart on Home and garden - Market size and forecast 2022-2027 ($ billion)
• Exhibit 55: Data Table on Home and garden - Market size and forecast 2022-2027 ($ billion)
• Exhibit 56: Chart on Home and garden - Year-over-year growth 2022-2027 (%)
• Exhibit 57: Data Table on Home and garden - Year-over-year growth 2022-2027 (%)

• 7.7 Others - Market size and forecast 2022-2027 
• Exhibit 58: Chart on Others - Market size and forecast 2022-2027 ($ billion)
• Exhibit 59: Data Table on Others - Market size and forecast 2022-2027 ($ billion)
• Exhibit 60: Chart on Others - Year-over-year growth 2022-2027 (%)
• Exhibit 61: Data Table on Others - Year-over-year growth 2022-2027 (%)

• 7.8 Market opportunity by Product 
• Exhibit 62: Market opportunity by Product ($ billion)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 63: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Drivers, Challenges, and Trends

• 9.1 Market drivers

• 9.2 Market challenges

• 9.3 Impact of drivers and challenges 
• Exhibit 64: Impact of drivers and challenges in 2022 and 2027

• 9.4 Market trends

10 Vendor Landscape

• 10.1 Overview

• 10.2 Vendor landscape
• Exhibit 65: Overview on Criticality of inputs and Factors of differentiation

• 10.3 Landscape disruption
• Exhibit 66: Overview on factors of disruption

• 10.4 Industry risks
• Exhibit 67: Impact of key risks on business

11 Vendor Analysis

• 11.1 Vendors covered
• Exhibit 68: Vendors covered

• 11.2 Market positioning of vendors 
• Exhibit 69: Matrix on vendor position and classification

• 11.3 A.S. Watson Group
• Exhibit 70: A.S. Watson Group - Overview
• Exhibit 71: A.S. Watson Group - Product / Service
• Exhibit 72: A.S. Watson Group - Key offerings

• 11.4 Aeon Co. Ltd.
• Exhibit 73: Aeon Co. Ltd. - Overview
• Exhibit 74: Aeon Co. Ltd. - Business segments
• Exhibit 75: Aeon Co. Ltd. - Key offerings
• Exhibit 76: Aeon Co. Ltd. - Segment focus

• 11.5 Berli Jucker Public Co. Ltd. 
• Exhibit 77: Berli Jucker Public Co. Ltd. - Overview
• Exhibit 78: Berli Jucker Public Co. Ltd. - Business segments
• Exhibit 79: Berli Jucker Public Co. Ltd. - Key news
• Exhibit 80: Berli Jucker Public Co. Ltd. - Key offerings
• Exhibit 81: Berli Jucker Public Co. Ltd. - Segment focus

• 11.6 Central Group of Company 
• Exhibit 82: Central Group of Company - Overview
• Exhibit 83: Central Group of Company - Product / Service
• Exhibit 84: Central Group of Company - Key news
• Exhibit 85: Central Group of Company - Key offerings

• 11.7 CJ Express Group Co. Ltd. 
• Exhibit 86: CJ Express Group Co. Ltd. - Overview
• Exhibit 87: CJ Express Group Co. Ltd. - Product / Service
• Exhibit 88: CJ Express Group Co. Ltd. - Key offerings

• 11.8 CP All Public Co. Ltd. 
• Exhibit 89: CP All Public Co. Ltd. - Overview
• Exhibit 90: CP All Public Co. Ltd. - Business segments
• Exhibit 91: CP All Public Co. Ltd. - Key news
• Exhibit 92: CP All Public Co. Ltd. - Key offerings
• Exhibit 93: CP All Public Co. Ltd. - Segment focus

• 11.9 Foodland Supermarket Co. Ltd. 
• Exhibit 94: Foodland Supermarket Co. Ltd. - Overview
• Exhibit 95: Foodland Supermarket Co. Ltd. - Product / Service
• Exhibit 96: Foodland Supermarket Co. Ltd. - Key offerings

• 11.10 Home Product Center Public Co. Ltd. 
• Exhibit 97: Home Product Center Public Co. Ltd. - Overview
• Exhibit 98: Home Product Center Public Co. Ltd. - Product / Service
• Exhibit 99: Home Product Center Public Co. Ltd. - Key offerings

• 11.11 Isetan Mitsukoshi Holdings Ltd. 
• Exhibit 100: Isetan Mitsukoshi Holdings Ltd. - Overview
• Exhibit 101: Isetan Mitsukoshi Holdings Ltd. - Business segments
• Exhibit 102: Isetan Mitsukoshi Holdings Ltd. - Key news
• Exhibit 103: Isetan Mitsukoshi Holdings Ltd. - Key offerings
• Exhibit 104: Isetan Mitsukoshi Holdings Ltd. - Segment focus

• 11.12 Rimping Supermarket
• Exhibit 105: Rimping Supermarket - Overview
• Exhibit 106: Rimping Supermarket - Product / Service
• Exhibit 107: Rimping Supermarket - Key offerings

• 11.13 Robinsons Retail Holding Inc. 
• Exhibit 108: Robinsons Retail Holding Inc. - Overview
• Exhibit 109: Robinsons Retail Holding Inc. - Business segments
• Exhibit 110: Robinsons Retail Holding Inc. - Key offerings
• Exhibit 111: Robinsons Retail Holding Inc. - Segment focus

• 11.14 Seven and i Holdings Co. Ltd. 
• Exhibit 112: Seven and i Holdings Co. Ltd. - Overview
• Exhibit 113: Seven and i Holdings Co. Ltd. - Business segments
• Exhibit 114: Seven and i Holdings Co. Ltd. - Key offerings
• Exhibit 115: Seven and i Holdings Co. Ltd. - Segment focus

• 11.15 SPAR International
• Exhibit 116: SPAR International - Overview
• Exhibit 117: SPAR International - Product / Service
• Exhibit 118: SPAR International - Key offerings

• 11.16 Tesco Plc
• Exhibit 119: Tesco Plc - Overview
• Exhibit 120: Tesco Plc - Business segments
• Exhibit 121: Tesco Plc - Key news
• Exhibit 122: Tesco Plc - Key offerings
• Exhibit 123: Tesco Plc - Segment focus

• 11.17 The Mall Group Co. Ltd. 
• Exhibit 124: The Mall Group Co. Ltd. - Overview
• Exhibit 125: The Mall Group Co. Ltd. - Product / Service
• Exhibit 126: The Mall Group Co. Ltd. - Key offerings

12 Appendix

• 12.1 Scope of the report

• 12.2 Inclusions and exclusions checklist 
• Exhibit 127: Inclusions checklist
• Exhibit 128: Exclusions checklist

• 12.3 Currency conversion rates for US$ 
• Exhibit 129: Currency conversion rates for US$

• 12.4 Research methodology
• Exhibit 130: Research methodology
• Exhibit 131: Validation techniques employed for market sizing
• Exhibit 132: Information sources

• 12.5 List of abbreviations 
• Exhibit 133: List of abbreviations

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