Thailand is Asia’s largest exporter of ice cream and the world’s fourth largest, after the European Union, the United States and the UK. Last year the value of ice cream exported from Thailand reached US$148.21 million, or 5.1 billion baht, representing an increase of 7.3% year on year.
In January alone, exports of the sweet treat were worth US$9.91 million, a 10.1% growth compared to the same period last year.
Poonpong Naiyanapakorn, director of the Trade Policy and Strategy Office, said today that exports of Thai ice cream have been growing by an average of 12.43% since 2017.
Ice cream is a popular product and its demand worldwide increases annually. According to Euromonitor International, the global retail market last year was estimated at US$86.7 billion, representing an increase of 8.8% over 2022.
The world’s largest ice cream markets, in retail terms, are:
- US, US$19.9Bn
- China, US$8.2Bn
- Japan, US$5.6Bn
- Russia, US$3.6Bn
- Brazil, US$3.2Bn
Thailand’s retail ice cream market is estimated at US$396 million, which is growing by 11% annually, thanks to the hot weather, foreign tourists and the on-the-go lifestyle of Thai people.
Thai consumers want ice cream which is both tasty and good for their health and manufacturers have responded to this by producing ice cream which contains less sugar
