Thailand: Consumer Profile

Thailand: Consumer Profile


Thailand's consumer landscape is evolving with urbanization, an aging population, and a growing middle class. Millennials and Gen Z lead eco-conscious trends, while single-person households rise. Economic pressures push quality-focused, sustainable spending. Health awareness and community support are increasingly prioritized as Thai consumers blend tradition with modern, experience-driven values.

Euromonitor's Thailand: Consumer Profile report analyses factors influencing national consumer expenditure. Consumer lifestyles reports include coverage of: population, urban development, home ownership, household profiles, labour, income, consumer and family expenditure, health, education, eating habits, drinking habits, shopping habits, personal grooming, clothing, leisure habits, savings and investments, media, communication, transport and travel and tourism. Use this report to understand the factors influencing a nation's lifestyle choices.

Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.

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Scope
Key findings
Key drivers affecting consumers in Thailand in 2023
How developments today shape the consumers of tomorrow
Population stability with an ageing trend and low fertility rate
High cholesterol and rising obesity prevalent in Thailand's health landscape
Population decline to shift market focus towards older generations by 2040
Urbanisation accelerates despite a shrinking working-age population
Opportunities for growth
Shrinking household sizes reflect shifting family dynamics in Thailand
Thai consumers prioritise space, clear air and safety while housing costs rise
Ageing and male-dominated household leadership projected by 2040
Expanding digital connectivity and device ownership across Thai households
Rising prices in transport and hospitality have not led to high inflation
Millennials and Gen Z lead in spending optimism, focusing on health and experiences
High-income growth among younger Thais set to drive luxury consumption
Projected growth in consumer spending, led mostly by Bangkok
Key findings of the consumer survey
Younger generations prioritise health and quality in willingness to pay more
Thai consumers feeling financial pressures turn to bargain hunting and minimalist shopping
Environmental concerns drive eco-conscious actions among Thai consumers
Millennials lead in financial confidence and savings among Thai consumers
Job security and reskilling dominate work priorities amid automation trends
Key takeaways

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