Page 31 - FoodFocusThailand No.176 November 2020
P. 31

SPECIAL FOCUS



                     2. Currently, Thailand remains   coconut milk and coconut juice. There are also opportunities for Jasmine rice, whole grains,
                  the 1 largest producer of pineapple   fruit juice, dried fruit, herbal tea, and snacks, etc.
                      st
                  juice in the United States. During     6. American consumers recently look out for functional drinks which benefit consumers’
                  January-May 2020, Thailand has      health.  Thai producers perhaps develop a fruit juice mixed with Thai herbs to gain health
                  reached 27.38% of market share.     properties, for example, turmeric, tamarind, and monk fruit (luohan guo), etc. The new product
                  However, the Thai market share      development may lead a new sale to Thai fruit juice in the future.
                  tends to decline due to the fierce
                  competition from Costa Rica and the
                  Philippines in which the productions
                  can be done in large scale with lower
                  cost. In addition, Costa Rica stays
                  advantage over Thailand in term of
                  lower logistics cost because of a
                  shorter  distance  to  the  United
                  States. Therefore, it is possible that
                  Thailand may lose the pineapple
                  juice market share to Costa Rica and
                  the Philippines in the near future.
                     3. Viewing fruit juice products in
                  U.S. market, China is 2  rank
                                       nd
                  (followed by Thailand in No.4.) Due
                  to the trade war between China and
                  the United States, trading between
                  two  countries  become  more
                  complicated. Therefore, there is an
                  opportunity for Thai producers to
                  penetrate wider in U.S. market in the
                  future, especially for coconut juice
                  which has increasingly been
                  impressive to American consumers.
                     4. Due to the consumer behavior
                  changed in U.S. market, the
                  conventional fruit juice processing
                  with flavor additive and sugar added
                  becomes unattractive. Therefore,
                  Thai  producers  should  focus  to
                  develop  products  to  meet  the
                  consumer requirement when the
                  new generation demands their
                  products more hygienic, fresh, and
                  safe. In addition, the environmentally
                  friendly packaging can gain more
                  consumer’s acceptance.
                     5.  Currently, American
                  consumers look out for foods which
                  have health benefits both physically
                  and mentally, for instance organic,
                  natural, and functional food products,
                  etc. Therefore, it should be the
                  opportunity for Thai producers to
                  develop the products to gain market
                  share in those particular sectors.
                  Thailand potential products in
                  organic and natural foods are

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