# Thailand aims to lead in the future food industry

- Link: https://www.thailand-business-news.com/markets/151881-thailand-aims-to-lead-in-the-future-food-industry
- Published: 2024-09-04T08:00:00+07:00
- Author: NNT

Thailand is striving to become a leader in the future food industry by emphasizing
innovation, safety, traceability, and environmental sustainability in its products.

## Key Takeaways

 * Thailand is positioning itself as a leader in the future food industry, focusing
   on innovative, safe, traceable, and environmentally friendly products to meet
   global demand for healthier and sustainable food options.
 * The future food sector in Thailand is thriving, with functional foods and ingredients
   dominating exports to key markets such as the United States, Vietnam, China, 
   Myanmar, and Cambodia.
 * The government’s commitment to enhancing the future food industry is evident 
   through the development of a ‘future food dashboard’ to support entrepreneurs,
   leveraging emerging trends, and fostering substantial growth within Thailand’s
   economy.

[The Ministry of Commerce](https://thainews.prd.go.th/nbtworld/news/view/427171/?bid=1),
in collaboration with the private sector, plans to transform agriculture into a 
growth engine to meet global demand for healthier, sustainable food. The industry
is categorized into functional, medical, organic, and alternative protein foods,
with 2023 exports reaching 143 billion baht. Functional foods dominate, representing
89.7% of exports. Principal markets include the US, Vietnam, China, Myanmar, and
Cambodia. A ‘future food dashboard’ by TPSO and TFA will support sector growth by
providing comprehensive trade data.

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BANGKOK (NNT) – Thailand, through the Ministry of Commerce, is establishing itself
as a future food industry leader, focusing on innovative, safe, traceable, and environmentally
friendly products. The plan, a collaboration between the government and the private
sector, will transform agricultural products into a new economic growth engine by
meeting the increasing global demand for healthier and sustainable food options.

The future food sector in Thailand is divided into four main categories: functional,
medical, organic, and alternative protein. In 2023, the sector’s exports reached
143 billion baht, with functional foods and ingredients comprising 89.7% of all 
future food exports. The principal markets for these products include the United
States, Vietnam, China, Myanmar, and Cambodia. In just the first four months of 
this year, exports in this sector amounted to 51.6 billion baht, with functional
foods again dominating the exports, accounting for 90.8%. The Thai Product Standards
Organization (TPSO) and the Thai Food Association (TFA) are developing a ‘future
food dashboard’ on the Trade Intelligence System website to support this growing
sector. This tool will provide comprehensive trade data to entrepreneurs and the
public, aiding decision-making and strategy development.

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The government’s commitment to enhancing the future food industry is evident in 
its focus on well-being, sustainability, and innovation. These priorities leverage
emerging trends and foster substantial growth within Thailand’s economy, positioning
the country as one of the leading global food markets.