Domestic soy drinks companies Lactasoy Co Ltd (Lactasoy brand) and Green Spot (Thailand) Co Ltd (Vitamilk) continue to lead plant-based dairy overall, given the dominance of soy drinks in terms of retail value sales. However, the retail value shares of both companies are coming under increasing pressure due to growing competition from manufacturers in “other” plant-based dairy, and smaller branded players in general.
The brands in “other” plant-based milk products are seeing the most aggressive activity in terms of new product development and innovations. The category is becoming more popular among healthy consumers as such products benefit from the perception that they are good for gut health and offer greater nutrition than dairy drinking milk products.
Asiatic Agro Industry Co Ltd, one of the larger coconut cream players in Thailand, is set to remain a leader in new product development and innovation. In addition to being the company that launched coconut cream in PET packaging in 2016, it has tapped into the growth potential offered by full plant-based product lines with the launch of Cocomix.
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Understand the latest market trends and future growth opportunities for the Plant-based Dairy industry in Thailand with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
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Data and analysis in this report provides further detailed coverage dedicated to a comprehensive range of core packaged food categories.
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Plant-based Dairy
This is the aggregation of plant-based milk, plant-based yoghurt and plant-based cheese. Please note that plant-based dairy products that are not milk, yoghurt or cheese are tracked under their core dairy categories (e.g. powder milk, margarine and spreads, coffee whiteners etc.)
See All of Our DefinitionsThis report originates from Passport, our Plant-based Dairy research and analysis database.
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