For alcohol beverages, KResearch expects Thai manufacturers’ production capacity to increase by 3.5-4.5% annually until 2027.
Alcohol beverage market would gain positive sentiment from the recovery of tourism and social activities, causing manufacturers to increase production capacity to serve the demand, the centre said, adding that improvement in taste and recipe would attract other groups of consumers.
However, the centre warned that alcohol beverage manufacturers should be ready for a change in rules and taxation, as well as supply limitation due to extreme weather, such as sugarcane and rice.
Consumers’ reduction of alcohol consumption due to concerns over their health would affect manufacturers as well, the centre added.
