UNITED KINGDOM, London. A steady economic progress, supported by growing public investments and private consumption, is driving the Thai meat sector, which is expected to grow at a compound annual growth rate (CAGR) of 4% from $ 1.7bn. in 2018 to $2.1bn. in 2023, says GlobalData, a leading data and analytics company.
Betagro Co., Ltd, Saha Farms Company and Thai - German Meat Product Company Limited were the leading market players in the Thai meat sector while S-Pure, Saha Farms and Tgm were the top brands. Due to well-developed distribution network of hypermarkets and supermarkets coupled with positive perception of consumers, private label products accounted for an overall penetration level of 20.6% in 2018.