“thai herbs on threshold of a new economy” · supplements us$ 90.7 billion herbal/traditional...
TRANSCRIPT
“Thai Herbs on Threshold of a New Economy”
THAI HERB INNOBIZ NETWORK 2017Seminar and Discussion on “Opportunities and Market Trends of Thai Herb”
31st August 2017. Amber 1, Impact Exhibition Center Hall 5-8, Muangthong Thani
Mrs. Sureeporn Sahawat
Deputy Director-General of Trade Policy and Strategy Office
Consumer Health
2016
US$ 217.0 billion
Over-the-Counter
US$ 98.5 billion
Herbal/Traditional
Remedies
US$ 15 billion
Vitamins and Dietary
Supplements
US$ 90.7 billion
Herbal/Traditional
Vitamins and Dietary
Supplements
US$ 22 billion
Weight Management
US$ 15.9 billion
Sports Nutrition
US$ 11.9 billion
Source: Euromonitor 2016
Herbal and Traditional products is
worth almost US$ 37 billion in 2016
(17% of global consumer health industry)
The Value of Herbal Products
Source: Euromonitor 2016
The Value of Natural Prevention and Healing in the World: 2016
Tropical
Analgesics,
1,902 , 5%
Sleep Aids,
1,090 , 3%
Cough, Cold,
and Allergy
Remedies,
8,676 , 23%
Digestive
Remeides,
2,095 , 6%
Dermatologicals
, 1,084 , 3%
Paediatric
Dietary, 408 ,
1%
Dietary
Supplyments,
17,926 , 49%
Tonics, 3,682 ,
10%
VALUE (US$ MILLION)
Herbal and Traditional products in
dietary supplements and cough, cold,
and allergy remedies are ‘STAR’.
WHY?
- Big market size
- High Product Variety
Source: Euromonitor 2016
Drivers of Natural Options and Traditional Medicine in the World
Source: Euromonitor 2016
Herbal/Traditional options to grow faster rates than standard ones
Remedies and Dietary Supplements in 2021
- Standard: growth 11%
- Herbal/Traditional: growth 20%
Herbs as a National Agenda: ‘First S-Curve VS New S-Curve’
First S-curve
Next – Generation Automotive
Smart Electronics
Affluent, Medical and Wellness Tourism
Agriculture and Bio-Technology
Food for the Future
New S-curve
Robotics
Aviation and Logistics
Biofuels and Biochemicals
Digital
Medical Hub
The 2017 – 2021 Master Plan for National Herb
Development
Strategy:
- Promote development and production of
herbal products
- Develop the quality of the herbal industry and
marketing to meet international standards
- Promote the use of herbs for medical
treatment and health promotion purposes
- Strengthen and sustain the implementation of
the government policy
Partners:
Source: Ministry of Commerce
Domestic and export Market for Herbs and Herbal Products in 2016
Cosmetic,
140,000 , 54%
Drugs, 10,000 ,
4%
Dietary
Supplement,
80,000 , 31%
Spa Related
Products,
10,000 , 4%
Etc., 20,000 ,
7%
MILLION BAHT
Total Market Size
260,000Export Volume
100,900Million Baht
Raw Material600 MN THB
Extract300 MN THB
Finished Products>100,000 MN THB
*cosmetics, dietary supplements, foods, drugs, etc.
Source: TPSO
The 4 Flagship Herbs: QUICK WIN!!!
Selection Criteria
Competitiveness Demand Mega Trend
Plai Black
Galingale
TumericGotu Kola
Source: TPSO
Supply Chain: Plai
Production (100%)
Cosmetic & Spa (30%)
Herbal Ball
(85%)Gel 5%)
Aroma Oil
(10%)
Drugs & Medicines (70%)
Internal Medicines (10%)
Traditional (20%)
Pra Sa Plai(80%)
External Medicines (90%)
Oil (60%) Balm (30%)Cream0Gel
(10%)
Source: TPSO
Supply Chain: Black Galingale
Production (100%)
Powder (3%)
Dried (70%)
Extracts (7%)
Drugs & Medicines
(50%)
Capsules (90%)
Liquids (10%)
Powder (<1%)
Foods (50%)
Dietary Supplement
(30%)
Drinks (70%)
Source: TPSO
Supply Chain: Gotu Kola
Production (100%)
Breeding (5%)
Consumption (65%)
Process (30%)
Primary (65%)
Powder (15%)
Liquid (5%)
Dried (80%)
Intermediate (35%)
Extracts (87%)
Condense (8%)
Oil (5%)
Drugs & Supplements
(25%)
Internal (25%)
External (75%)
Cosmetic (40%)
Skincare (60%)
Bath Products
(35%)
Sun Screen (5%)
Food & Beverages
(35%)
Desserts and Ice cream
(10%)
Tea (15%)
Drinks (75%)
Source: TPSO
Supply Chain: Turmeric
Production (100%)
Raw Materials (60%)
Powder (60%)
Dried (30%)
Aroma Oil
(10%)
Extracts (40%)
Powder (80%)
Fluid (20%)
Drugs & Medicines
(10%)
Internal (70%)
External (30%)
Cosmetic (10%)
Skincare (30%)
Spa (70%)
Food (80%)
Dietary Supplement
(50%)
Curry paste (30%)
Drinks (20%)
Challenges
• Demand & Supply Management (Demand Driven)
• Solid DatabaseOverall
• Product Quality: Chemical, Contaminations, Certification (Organic, GAP, GMP, etc.)
Upstream & Midstream
• Market Awareness
• People / Products & Services / Places / Networking
Downstream
THANK YOU
THAI HERB INNOBIZ NETWORK 2017