Frozen product business registrations surge 84%

Quick Summary:

Entrepreneurs have flocked to invest in the frozen food segment, with new business registrations rising by 84% in the first nine months, driven by rising domestic and export demand.

Mr Sinit said ready-to-eat frozen food, both for domestic consumption and export, has high growth potential thanks to its long shelf life and the advantage of expansion via convenience stores.

The sector's performance also continued improving over the last three years, with net profit surging to 10.6 billion baht in 2021, up from 7 billion in 2020 and 7.36 billion in 2019.

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Article Details

Category: Economy

Markets: Thailand

Topics: 2021 Years Billion Frozen Value Food Businesses Thai Fresh Baht Sinit

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-12-01 @ 04:00:00 (2 months ago)

News Timezone: GMT +8:00

Ranking: #727 (out of 6284 stories this day)

News Source URL: bangkokpost.com

Language: English

Article Length: 500 words

Reading Time: 3 minutes read

Sentences: 19 lines

Sentence Length: 27 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bangkok Post

News ID: 2067741

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