2024
0
Thailand Salty Snacks Market Report 2024
2024-03-22T12:04:13+00:00
REP8BEAE85E_298A_4D18_8233_9A393406DCF3
2195
171780
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Report
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Grow as a staple for satiety with a health/indulgence balance, unlock new occasions beyond downtime and trigger trial through functionality and global flavours.Rashmika Khanijou, Research Analyst…
Thailand
Snacks
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Thailand Salty Snacks Market Report 2024

Grow as a staple for satiety with a health/indulgence balance, unlock new occasions beyond downtime and trigger trial through functionality and global flavours.Rashmika Khanijou, Research Analyst

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  1. executive summary

    • Mintel's perspective
    • Key issues covered in this Report:
    • Overview
    • The outlook for salty snacks in Thailand
    • The search for optimum health and wellness brings the processing of food and drinks into question
    • Apart from providing emotional comfort, salty snacks are serving as urban 'tummy fillers'
    • Graph 1: function of salty snacks, by living area, 2023
    • Build relevance of salty snacks beyond the downtime occasion for Thais
    • Graph 2: salty snacks consumption occasions, 2023
    • Trigger trial through functionality and global flavours
  2. key trends

    • What you need to know
    • The search for optimum health and wellness
    • Nutrition and health benefits are top-of-mind for Thais
    • Graph 3: top three most important factors considered when choosing packaged food and/or drinks, 2022
    • Consumers rationalise the added nutrition in food and drink products
    • Global snack brands are turning to nutritionally dense ingredients including nuts, superfoods and vegetables
    • Global salty snack brands are targeting new consumption occasions through functionality and nutrition
    • Increase scrutiny about processing of food and drinks
    • Processing will factor into food and drink decisions
    • Thai salty snack brands are heavily focused on developing a natural positioning
    • Graph 4: share of product launches in salty snack categories, by top 10 claim categories, 2020-23
    • Demand for natural nutrition from familiar, less processed sources will fuel acceptance of upcycled ingredients in salty snacks
    • The adventurous consumer: hunger for new experiences
    • The price of experiences is growing
    • Consumer desire for novel experiences sets expectations for flavour innovation
    • Mintel's 2024 Global Food & Drink Flavour Trends
    • Flavour combinations take on new challenges
    • Surprising pairings and collaborations are delivering novel experiences and make snack occasions limitless
  3. what consumers want and why

    • What you need to know
    • Stable consumption of salty snacks with a declining trend among women
    • Graph 5: salty snack consumption shift in the past six months, by age and gender, 2023
    • Snacks are at risk of losing relevance if budget constraints arise
    • Graph 6: what consumers would do if they had to spend less on food/drinks, 2023
    • Establish salty snacks as a staple in snacking routines
    • Apart from emotional comfort, salty snacks are serving as urban 'tummy fillers'
    • Graph 7: perceived function of salty snacks, by living area, 2023
    • A range of better-for-you salty snacks will appeal to urban dwellers, but the balancing act will be crucial
    • Graph 8: select 'very interested' in trying healthy salty snacks, by area, 2023
    • Salty snack brands are beginning to claim 'satiety', but this remains a niche space
    • Graph 9: share of product launches in snack categories, by 'high satiety' claim, 2020-23
    • Promote satiety for an afternoon energy boost
    • Graph 10: select 'I eat salty snacks in the afternoon for energy boost', by consumers who eat salty snacks to curb hunger in between meals vs total, 2023
    • Growing popularity of high/added protein salty snacks with untapped potential for high/added fibre expansion
    • Graph 11: share of product launches in snack categories, by select claims, 2020-23
    • Innovate with ingredients high in fibre and protein to claim on satiety benefits on packaging
    • Use ingredients that help consumers sustain their energy levels throughout the day
    • Expand range of high-nutrition and low-sodium salty snacks
    • Graph 12: claims consumers usually look for when choosing healthy salty snacks, by urban consumers who eat salty snacks to curb hunger in between meals vs total, 2023
    • Minimal has been done on the high nutrition and reduced sodium front
    • Graph 13: share of product launches in snack categories, by top 30 claims, 2020-23
    • New technology for reduced sodium without sacrificing indulgence
    • How to establish a balancing act: flavour mashups and novel protein sources
    • Protein-enriched snacks with flavour mashups can balance the health and indulgence proposition
    • Enhance sensorial excitement of healthy snacks through unique flavour combinations and collaborations
    • Flavor mashups can be meal-inspired in order to enhance sensorial excitement and perceived indulgence
    • Soy and meat protein in salty snacks garners highest interests
    • Graph 14: protein sources that will encourage trial of salty snacks, 2024
    • Take inspiration from novel and emerging protein sources in the Thai salty snacks market
    • Tap into interest for whey protein formulations and showcase satiety with indulgence
    • Offer protein novelty through plant protein innovations alongside satiety and flavour excitement
    • Innovate with plant protein sources and offer sweet-savoury mashups
    • Tap into occasions beyond downtime
    • Build relevance of salty snacks beyond the downtime occasion for Thais
    • Graph 15: salty snacks consumption occasions, 2023
    • Leverage consumers' downtime by positioning as an integral part of TV watching
    • Cross category inspiration: position for the Netflix occasion
    • "No Lay's, No Game": tap into different social occasions to grow relevance
    • Increase relevance in the growing gaming scene and target Gen Z men
    • Graph 16: consumption of salty snacks when gaming (eg video games), by gender and age, 2023
    • Get creative in meeting needs of gamers: no munching sound distractions!
    • Offer promotions for gamers: unlock Game Pass and earn rewards
    • Cross-category inspiration: formulate for the 'energy boost' needed during gaming
    • Position as a fulfilling complement to non-alcoholic beverages and target urbanites
    • Graph 17: consumption of salty snacks when having non-alcoholic beverages by select behaviours of salty snack consumption, vs total, 2023
    • Salty snacks can capitalise on widely consumed beverages in the Thai market
    • Graph 18: consumption of carbonated soft drinks in the past six months, 2023
    • Bring the best of two worlds together: provide a burst of indulgence with snacks paired with beverages
    • Encourage consumers to pair specific snack flavours with drinks
    • Be the guiding choice for pairing beverages with salty snacks
    • Target Gen X who are heavy coffee drinkers
    • Graph 19: consumption of salty snacks when having tea/coffee, by generation, 2023
    • Grow the midnight snacking occasion with Gen Z
    • Cross-category inspiration: help Gen Z wind down
    • Develop a menu for the sole purpose of night-time indulging to drive appeal
    • Position for different daypart occasions
    • Trigger trial through health functionalities and global flavours
    • Functional benefits are not the most sought out health feature but can trigger curiosity
    • Graph 20: features that will trigger trial of salty snacks, 2023
    • Innovate health functionalities that will spark curiosity in salty snacks
    • Graph 21: functional benefits in salty snacks that will encourage trial, 2023
    • Brands striving to innovate in the functional space but falling short on meeting market demand for stress relief snacks
    • Graph 22: share of product launches in snack categories, by functional claims, 2020-23
    • Tap into demands for stress relief by offering targeted mood-boosting snacks
    • On top of satiety, linkage between fibre and gut health can boost appeal
    • Leverage emerging fibre ingredients for gut health benefits
    • Communicate the inherent goodness of potatoes and fortify with nutrients to develop potato chips that offer immunity support
    • Drive trial through flavour innovations inspired by popular global cuisines; novelty will be key
    • A glimpse at global cuisine flavours that will trigger trial
    • Graph 23: international flavours that will encourage trial of salty snacks, 2023
    • Explore novel and emerging Japanese flavours in the Thai market
    • Explore novel and emerging Japanese flavours
    • Represent the Japanese culture through flavour; flavour mashups can be extended to global cuisines
    • Mash up two Italian established flavours to drive novelty; tap into interest for carbonara flavour
    • Explore cooking techniques in cuisine-inspired flavours
    • Provenance provides sense of 'something special'
    • Local flavours can drive a niche appeal among Gen Z
    • Graph 24: select local flavours to encourage trial of salty snacks, by generation, 2023
    • Thais are most receptive to local flavours with a sharp spicy note
    • Graph 25: local flavours that will encourage trial of salty snacks, 2023
    • Develop a range of authentic local flavours
  4. appendix

    • Consumer research methodology
    • TURF analysis
Download Report Summary

Grow as a staple for satiety with a health/indulgence balance, unlock new occasions beyond downtime and trigger trial through functionality and global flavours.

Rashmika Khanijou, Research Analyst

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