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Article: Growing Thai soy milk consumption.
- Article from:
- Nutraceuticals International
- Article date:
- November 1, 2005
CopyrightCOPYRIGHT 2005 Marketletter Publications Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Thailand's domestic market for soy milk is estimated to be worth about 5.3 billion baht ($129.9 million), with UHT products accounting for 60%, followed by sterilized soy milk in glass bottles at 39% and pasteurized 1%. Last year, the total soy milk sector grew around 23% and this rate is expected to continue in the short term.
Within Thailand's overall health beverage market, the growth in soy milk sales is now rising at a higher rate than that of whole (dairy) milk, although both segments are expanding at double-digit rates. Sales of drinking yogurt have stabilized, however, as consumers now have a wider choice of health beverages.
Leading local dairy ...