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As of March 2023, retail sales grew by almost *** percent in Thailand. In 2022, the retail sales in the country had shown the highest growth in August, reaching around **** percent growth.

Food and beverage retail in Thailand

The food and drinks market in Thailand is essential and diverse. It contributes gravely to the economy of the country. In 2021, approximately ** million tons of soy sauce was sold in Thailand, followed by fish sauce, and frozen and chilled meat. As the urban lifestyle became widely adopted by the Thai people, their consumption habits shifted. Leaning towards eating fast and convenient food, packaged foods come in handy. The sales value of packaged food and drinks in Thailand was the highest for dairy products in 2022, followed by rice, pasta, and noodles.

Major retailers in Thailand

While the retailer market is shared by several major retailers such as CP All Plc, Central Group, and the Mall Group. In Thailand, CP All Plc is the largest retailer based on sales. In 2022, CP All Plc generated the total sales revenue of around billion Thai baht. As an affiliated corporation of CP All Plc, 7-Eleven convenient stores are also one of the most successful modern retailers in Thailand with nearly ** thousand outlets nationwide.