FOOD FOR THE FUTURE
Thailand’s Food Industry
Thailand has long been called “the kitchen of the world” with its abundant natural resources, highly-skilled workforce, and strength in research. The food industry contributed roughly 23% of the country’s GDP. The value of Thailand’s food industry, including local consumption and exports, is expected to reach USD 102 billion in 2017 Thailand is also one of the largest net food exporting countries in the world and the second in Asia with a food trade balance at a record value of USD 16.7 billion in 2016.
In leveraging its geography with local agricultural resources, the Thai government designated the food industry as one of ten key growth engines in-line with the “Thailand 4.0” economic model. The government also created the food-optimized industrial park, known as Food Innopolis.