Retail Market in Thailand 2024-2028

Retail Market 2024-2028


The retail market is forecasted to grow by USD 74.2 billion during 2023-2028, accelerating at a CAGR of 6.55% during the forecast period. The report on the retail market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing demand for convenience food products, provision of value-added services, and influx of numerous retail stores.

Technavio's retail market is segmented as below:
  • By Product
  • Grocery
  • Apparel and footwear
  • BPC
  • Home and garden
  • Others
  • By Distribution Channel
  • Offline
  • Online
  • By Geographical Landscape
  • Asia
This study identifies the surge in sales through online distribution channels as one of the prime reasons driving the retail market growth during the next few years. Also, innovative packaging and marketing initiatives by prominent vendors and rise in demand for private labels and low-cost products will lead to sizable demand in the market.

The report on the retail market covers the following areas:
  • Retail market sizing
  • Retail market forecast
  • Retail market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading retail market vendors that include A.S. Watson Group, AEON CO. LTD., Berli Jucker Public Co. Ltd., Central Group of Company, Charoen Pokphand Group Co. Ltd., CJ Express Group Co. Ltd., Foodland Supermarket Co. Ltd., Home Product Center Public Co. Ltd., Isetan Mitsukoshi Holdings Ltd., Rimping Supermarket, Robinsons Retail Holdings Inc., Seven and i Holdings Co., Ltd., SPAR International, Tesco Plc, The Mall Group Co. Ltd., and Villa Market JP Co. Ltd.. Also, the retail market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.


1 Executive Summary
1.1 Market overview
Executive Summary - Chart on Market Overview
Executive Summary - Data Table on Market Overview
Executive Summary - Chart on Country Market Characteristics
Executive Summary - Chart on Market Segmentation by Product
Executive Summary - Chart on Market Segmentation by Distribution Channel
Executive Summary - Chart on Company Market Positioning
2 Market Landscape
2.1 Market ecosystem
Parent Market
Data Table on - Parent Market
2.2 Market characteristics
Market characteristics analysis
2.3 Value chain analysis
Value Chain Analysis
3 Market Sizing
3.1 Market definition
Offerings of companies included in the market definition
3.2 Market segment analysis
Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
Chart on Thailand - Market size and forecast 2023-2028 ($ billion)
Data Table on Thailand - Market size and forecast 2023-2028 ($ billion)
Chart on Thailand: Year-over-year growth 2023-2028 (%)
Data Table on Thailand: Year-over-year growth 2023-2028 (%)
4 Historic Market Size
4.1 Retail Market in Thailand 2018 - 2022
Historic Market Size - Data Table on Retail Market in Thailand 2018 - 2022 ($ billion)
4.2 Product segment analysis 2018 - 2022
Historic Market Size - Product Segment 2018 - 2022 ($ billion)
4.3 Distribution Channel segment analysis 2018 - 2022
Historic Market Size - Distribution Channel Segment 2018 - 2022 ($ billion)
5 Five Forces Analysis
5.1 Five forces summary
Five forces analysis - Comparison between 2023 and 2028
5.2 Bargaining power of buyers
Bargaining power of buyers - Impact of key factors 2023 and 2028
5.3 Bargaining power of suppliers
Bargaining power of suppliers - Impact of key factors in 2023 and 2028
5.4 Threat of new entrants
Threat of new entrants - Impact of key factors in 2023 and 2028
5.5 Threat of substitutes
Threat of substitutes - Impact of key factors in 2023 and 2028
5.6 Threat of rivalry
Threat of rivalry - Impact of key factors in 2023 and 2028
5.7 Market condition
Chart on Market condition - Five forces 2023 and 2028
6 Market Segmentation by Product
6.1 Market segments
Chart on Product - Market share 2023-2028 (%)
Data Table on Product - Market share 2023-2028 (%)
6.2 Comparison by Product
Chart on Comparison by Product
Data Table on Comparison by Product
6.3 Grocery - Market size and forecast 2023-2028
Chart on Grocery - Market size and forecast 2023-2028 ($ billion)
Data Table on Grocery - Market size and forecast 2023-2028 ($ billion)
Chart on Grocery - Year-over-year growth 2023-2028 (%)
Data Table on Grocery - Year-over-year growth 2023-2028 (%)
6.4 Apparel and footwear - Market size and forecast 2023-2028
Chart on Apparel and footwear - Market size and forecast 2023-2028 ($ billion)
Data Table on Apparel and footwear - Market size and forecast 2023-2028 ($ billion)
Chart on Apparel and footwear - Year-over-year growth 2023-2028 (%)
Data Table on Apparel and footwear - Year-over-year growth 2023-2028 (%)
6.5 BPC - Market size and forecast 2023-2028
Chart on BPC - Market size and forecast 2023-2028 ($ billion)
Data Table on BPC - Market size and forecast 2023-2028 ($ billion)
Chart on BPC - Year-over-year growth 2023-2028 (%)
Data Table on BPC - Year-over-year growth 2023-2028 (%)
6.6 Home and garden - Market size and forecast 2023-2028
Chart on Home and garden - Market size and forecast 2023-2028 ($ billion)
Data Table on Home and garden - Market size and forecast 2023-2028 ($ billion)
Chart on Home and garden - Year-over-year growth 2023-2028 (%)
Data Table on Home and garden - Year-over-year growth 2023-2028 (%)
6.7 Others - Market size and forecast 2023-2028
Chart on Others - Market size and forecast 2023-2028 ($ billion)
Data Table on Others - Market size and forecast 2023-2028 ($ billion)
Chart on Others - Year-over-year growth 2023-2028 (%)
Data Table on Others - Year-over-year growth 2023-2028 (%)
6.8 Market opportunity by Product
Market opportunity by Product ($ billion)
Data Table on Market opportunity by Product ($ billion)
7 Market Segmentation by Distribution Channel
7.1 Market segments
Chart on Distribution Channel - Market share 2023-2028 (%)
Data Table on Distribution Channel - Market share 2023-2028 (%)
7.2 Comparison by Distribution Channel
Chart on Comparison by Distribution Channel
Data Table on Comparison by Distribution Channel
7.3 Offline - Market size and forecast 2023-2028
Chart on Offline - Market size and forecast 2023-2028 ($ billion)
Data Table on Offline - Market size and forecast 2023-2028 ($ billion)
Chart on Offline - Year-over-year growth 2023-2028 (%)
Data Table on Offline - Year-over-year growth 2023-2028 (%)
7.4 Online - Market size and forecast 2023-2028
Chart on Online - Market size and forecast 2023-2028 ($ billion)
Data Table on Online - Market size and forecast 2023-2028 ($ billion)
Chart on Online - Year-over-year growth 2023-2028 (%)
Data Table on Online - Year-over-year growth 2023-2028 (%)
7.5 Market opportunity by Distribution Channel
Market opportunity by Distribution Channel ($ billion)
Data Table on Market opportunity by Distribution Channel ($ billion)
8 Customer Landscape
8.1 Customer landscape overview
Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Drivers, Challenges, and Opportunity/Restraints
9.1 Market drivers
9.2 Market challenges
9.3 Impact of drivers and challenges
Impact of drivers and challenges in 2023 and 2028
9.4 Market opportunities/restraints
10 Competitive Landscape
10.1 Overview
10.2 Competitive Landscape
Overview on criticality of inputs and factors of differentiation
10.3 Landscape disruption
Overview on factors of disruption
10.4 Industry risks
Impact of key risks on business
11 Competitive Analysis
11.1 Companies profiled
Companies covered
11.2 Market positioning of companies
Matrix on companies position and classification
11.3 A.S. Watson Group
A.S. Watson Group - Overview
A.S. Watson Group - Product / Service
A.S. Watson Group - Key offerings
11.4 AEON CO. LTD.
AEON CO. LTD. - Overview
AEON CO. LTD. - Business segments
AEON CO. LTD. - Key offerings
AEON CO. LTD. - Segment focus
11.5 Berli Jucker Public Co. Ltd.
Berli Jucker Public Co. Ltd. - Overview
Berli Jucker Public Co. Ltd. - Business segments
Berli Jucker Public Co. Ltd. - Key news
Berli Jucker Public Co. Ltd. - Key offerings
Berli Jucker Public Co. Ltd. - Segment focus
11.6 Central Group of Company
Central Group of Company - Overview
Central Group of Company - Product / Service
Central Group of Company - Key offerings
11.7 Charoen Pokphand Group Co. Ltd.
Charoen Pokphand Group Co. Ltd. - Overview
Charoen Pokphand Group Co. Ltd. - Product / Service
Charoen Pokphand Group Co. Ltd. - Key news
Charoen Pokphand Group Co. Ltd. - Key offerings
11.8 CJ Express Group Co. Ltd.
CJ Express Group Co. Ltd. - Overview
CJ Express Group Co. Ltd. - Product / Service
CJ Express Group Co. Ltd. - Key offerings
11.9 Foodland Supermarket Co. Ltd.
Foodland Supermarket Co. Ltd. - Overview
Foodland Supermarket Co. Ltd. - Product / Service
Foodland Supermarket Co. Ltd. - Key offerings
11.10 Home Product Center Public Co. Ltd.
Home Product Center Public Co. Ltd. - Overview
Home Product Center Public Co. Ltd. - Product / Service
Home Product Center Public Co. Ltd. - Key offerings
11.11 Isetan Mitsukoshi Holdings Ltd.
Isetan Mitsukoshi Holdings Ltd. - Overview
Isetan Mitsukoshi Holdings Ltd. - Product / Service
Isetan Mitsukoshi Holdings Ltd. - Key offerings
11.12 Rimping Supermarket
Rimping Supermarket - Overview
Rimping Supermarket - Product / Service
Rimping Supermarket - Key offerings
11.13 Robinsons Retail Holdings Inc.
Robinsons Retail Holdings Inc. - Overview
Robinsons Retail Holdings Inc. - Business segments
Robinsons Retail Holdings Inc. - Key offerings
Robinsons Retail Holdings Inc. - Segment focus
11.14 Seven and i Holdings Co., Ltd.
Seven and i Holdings Co., Ltd. - Overview
Seven and i Holdings Co., Ltd. - Product / Service
Seven and i Holdings Co., Ltd. - Key offerings
11.15 SPAR International
SPAR International - Overview
SPAR International - Product / Service
SPAR International - Key offerings
11.16 Tesco Plc
Tesco Plc - Overview
Tesco Plc - Business segments
Tesco Plc - Key offerings
Tesco Plc - Segment focus
11.17 The Mall Group Co. Ltd.
The Mall Group Co. Ltd. - Overview
The Mall Group Co. Ltd. - Product / Service
The Mall Group Co. Ltd. - Key offerings
12 Appendix
12.1 Scope of the report
12.2 Inclusions and exclusions checklist
Inclusions checklist
Exclusions checklist
12.3 Currency conversion rates for US$
Currency conversion rates for US$
12.4 Research methodology
Research methodology
12.5 Data procurement
Information sources
12.6 Data validation
Data validation
12.7 Validation techniques employed for market sizing
Validation techniques employed for market sizing
12.8 Data synthesis
Data synthesis
360 degree market analysis
360 degree market analysis
12.10 List of abbreviations
List of abbreviations
Exhibits:
Exhibits1: Executive Summary - Chart on Market Overview
Exhibits2: Executive Summary - Data Table on Market Overview
Exhibits3: Executive Summary - Chart on Country Market Characteristics
Exhibits4: Executive Summary - Chart on Market Segmentation by Product
Exhibits5: Executive Summary - Chart on Market Segmentation by Distribution Channel
Exhibits6: Executive Summary - Chart on Company Market Positioning
Exhibits7: Parent Market
Exhibits8: Data Table on - Parent Market
Exhibits9: Market characteristics analysis
Exhibits10: Value Chain Analysis
Exhibits11: Offerings of companies included in the market definition
Exhibits12: Market segments
Exhibits13: Chart on Thailand - Market size and forecast 2023-2028 ($ billion)
Exhibits14: Data Table on Thailand - Market size and forecast 2023-2028 ($ billion)
Exhibits15: Chart on Thailand: Year-over-year growth 2023-2028 (%)
Exhibits16: Data Table on Thailand: Year-over-year growth 2023-2028 (%)
Exhibits17: Historic Market Size - Data Table on Retail Market in Thailand 2018 - 2022 ($ billion)
Exhibits18: Historic Market Size - Product Segment 2018 - 2022 ($ billion)
Exhibits19: Historic Market Size - Distribution Channel Segment 2018 - 2022 ($ billion)
Exhibits20: Five forces analysis - Comparison between 2023 and 2028
Exhibits21: Bargaining power of buyers - Impact of key factors 2023 and 2028
Exhibits22: Bargaining power of suppliers - Impact of key factors in 2023 and 2028
Exhibits23: Threat of new entrants - Impact of key factors in 2023 and 2028
Exhibits24: Threat of substitutes - Impact of key factors in 2023 and 2028
Exhibits25: Threat of rivalry - Impact of key factors in 2023 and 2028
Exhibits26: Chart on Market condition - Five forces 2023 and 2028
Exhibits27: Chart on Product - Market share 2023-2028 (%)
Exhibits28: Data Table on Product - Market share 2023-2028 (%)
Exhibits29: Chart on Comparison by Product
Exhibits30: Data Table on Comparison by Product
Exhibits31: Chart on Grocery - Market size and forecast 2023-2028 ($ billion)
Exhibits32: Data Table on Grocery - Market size and forecast 2023-2028 ($ billion)
Exhibits33: Chart on Grocery - Year-over-year growth 2023-2028 (%)
Exhibits34: Data Table on Grocery - Year-over-year growth 2023-2028 (%)
Exhibits35: Chart on Apparel and footwear - Market size and forecast 2023-2028 ($ billion)
Exhibits36: Data Table on Apparel and footwear - Market size and forecast 2023-2028 ($ billion)
Exhibits37: Chart on Apparel and footwear - Year-over-year growth 2023-2028 (%)
Exhibits38: Data Table on Apparel and footwear - Year-over-year growth 2023-2028 (%)
Exhibits39: Chart on BPC - Market size and forecast 2023-2028 ($ billion)
Exhibits40: Data Table on BPC - Market size and forecast 2023-2028 ($ billion)
Exhibits41: Chart on BPC - Year-over-year growth 2023-2028 (%)
Exhibits42: Data Table on BPC - Year-over-year growth 2023-2028 (%)
Exhibits43: Chart on Home and garden - Market size and forecast 2023-2028 ($ billion)
Exhibits44: Data Table on Home and garden - Market size and forecast 2023-2028 ($ billion)
Exhibits45: Chart on Home and garden - Year-over-year growth 2023-2028 (%)
Exhibits46: Data Table on Home and garden - Year-over-year growth 2023-2028 (%)
Exhibits47: Chart on Others - Market size and forecast 2023-2028 ($ billion)
Exhibits48: Data Table on Others - Market size and forecast 2023-2028 ($ billion)
Exhibits49: Chart on Others - Year-over-year growth 2023-2028 (%)
Exhibits50: Data Table on Others - Year-over-year growth 2023-2028 (%)
Exhibits51: Market opportunity by Product ($ billion)
Exhibits52: Data Table on Market opportunity by Product ($ billion)
Exhibits53: Chart on Distribution Channel - Market share 2023-2028 (%)
Exhibits54: Data Table on Distribution Channel - Market share 2023-2028 (%)
Exhibits55: Chart on Comparison by Distribution Channel
Exhibits56: Data Table on Comparison by Distribution Channel
Exhibits57: Chart on Offline - Market size and forecast 2023-2028 ($ billion)
Exhibits58: Data Table on Offline - Market size and forecast 2023-2028 ($ billion)
Exhibits59: Chart on Offline - Year-over-year growth 2023-2028 (%)
Exhibits60: Data Table on Offline - Year-over-year growth 2023-2028 (%)
Exhibits61: Chart on Online - Market size and forecast 2023-2028 ($ billion)
Exhibits62: Data Table on Online - Market size and forecast 2023-2028 ($ billion)
Exhibits63: Chart on Online - Year-over-year growth 2023-2028 (%)
Exhibits64: Data Table on Online - Year-over-year growth 2023-2028 (%)
Exhibits65: Market opportunity by Distribution Channel ($ billion)
Exhibits66: Data Table on Market opportunity by Distribution Channel ($ billion)
Exhibits67: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Exhibits68: Impact of drivers and challenges in 2023 and 2028
Exhibits69: Overview on criticality of inputs and factors of differentiation
Exhibits70: Overview on factors of disruption
Exhibits71: Impact of key risks on business
Exhibits72: Companies covered
Exhibits73: Matrix on companies position and classification
Exhibits74: A.S. Watson Group - Overview
Exhibits75: A.S. Watson Group - Product / Service
Exhibits76: A.S. Watson Group - Key offerings
Exhibits77: AEON CO. LTD. - Overview
Exhibits78: AEON CO. LTD. - Business segments
Exhibits79: AEON CO. LTD. - Key offerings
Exhibits80: AEON CO. LTD. - Segment focus
Exhibits81: Berli Jucker Public Co. Ltd. - Overview
Exhibits82: Berli Jucker Public Co. Ltd. - Business segments
Exhibits83: Berli Jucker Public Co. Ltd. - Key news
Exhibits84: Berli Jucker Public Co. Ltd. - Key offerings
Exhibits85: Berli Jucker Public Co. Ltd. - Segment focus
Exhibits86: Central Group of Company - Overview
Exhibits87: Central Group of Company - Product / Service
Exhibits88: Central Group of Company - Key offerings
Exhibits89: Charoen Pokphand Group Co. Ltd. - Overview
Exhibits90: Charoen Pokphand Group Co. Ltd. - Product / Service
Exhibits91: Charoen Pokphand Group Co. Ltd. - Key news
Exhibits92: Charoen Pokphand Group Co. Ltd. - Key offerings
Exhibits93: CJ Express Group Co. Ltd. - Overview
Exhibits94: CJ Express Group Co. Ltd. - Product / Service
Exhibits95: CJ Express Group Co. Ltd. - Key offerings
Exhibits96: Foodland Supermarket Co. Ltd. - Overview
Exhibits97: Foodland Supermarket Co. Ltd. - Product / Service
Exhibits98: Foodland Supermarket Co. Ltd. - Key offerings
Exhibits99: Home Product Center Public Co. Ltd. - Overview
Exhibits100: Home Product Center Public Co. Ltd. - Product / Service
Exhibits101: Home Product Center Public Co. Ltd. - Key offerings
Exhibits102: Isetan Mitsukoshi Holdings Ltd. - Overview
Exhibits103: Isetan Mitsukoshi Holdings Ltd. - Product / Service
Exhibits104: Isetan Mitsukoshi Holdings Ltd. - Key offerings
Exhibits105: Rimping Supermarket - Overview
Exhibits106: Rimping Supermarket - Product / Service
Exhibits107: Rimping Supermarket - Key offerings
Exhibits108: Robinsons Retail Holdings Inc. - Overview
Exhibits109: Robinsons Retail Holdings Inc. - Business segments
Exhibits110: Robinsons Retail Holdings Inc. - Key offerings
Exhibits111: Robinsons Retail Holdings Inc. - Segment focus
Exhibits112: Seven and i Holdings Co., Ltd. - Overview
Exhibits113: Seven and i Holdings Co., Ltd. - Product / Service
Exhibits114: Seven and i Holdings Co., Ltd. - Key offerings
Exhibits115: SPAR International - Overview
Exhibits116: SPAR International - Product / Service
Exhibits117: SPAR International - Key offerings
Exhibits118: Tesco Plc - Overview
Exhibits119: Tesco Plc - Business segments
Exhibits120: Tesco Plc - Key offerings
Exhibits121: Tesco Plc - Segment focus
Exhibits122: The Mall Group Co. Ltd. - Overview
Exhibits123: The Mall Group Co. Ltd. - Product / Service
Exhibits124: The Mall Group Co. Ltd. - Key offerings
Exhibits125: Inclusions checklist
Exhibits126: Exclusions checklist
Exhibits127: Currency conversion rates for US$
Exhibits128: Research methodology
Exhibits129: Information sources
Exhibits130: Data validation
Exhibits131: Validation techniques employed for market sizing
Exhibits132: Data synthesis
Exhibits133: 360 degree market analysis
Exhibits134: List of abbreviations

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