Connect with us

Thailand

Taiwanese food chains show interest in Thai market

Published

 on 

Stock photo via Wikimedia Commons
Thaiger deals Thaiger deals

Taiwanese food and dessert chains see potential for growth in Thailand and the Bangkok Post reports that more than 20 different chains from the Asian country are looking into business opportunities in Thailand.

This source from the Association of Chain and Franchise Promotion Taiwan, who asked to remain anonymous, told the Bangkok Post how conditions in Thailand are becoming increasingly conducive to food chain franchises.

“Thailand has become a country with high opportunities and potential for the development of Taiwanese chain brands…Rapid urbanisation and development have been taking place in Thailand for the past few years and a mature business model of the retail channel has already been formed in major cities.”

The source also describes how the culinary cultures of Taiwan and Thailand are rather similar, describing them both as “catering cultures.” The weather of the two countries is similar, too. These are both important factor when it comes to the success of a food-related business in a foreign country, the source explains. What people eat, what time of day they eat and in what quantity are all vital elements to the success of a restaurant or food vendor.

Statistics from the United Nations show that Thailand’s urban population has exploded from 38.8% of the population in 2006, to 51.4% in 2020. One report estimates that quick service restaurants in Thailand account for around US$5 billion per year. Also, Thailand’s geography is a plus for Taiwanese companies, explains the managing director of the consulting firm Gnosis Co. It sits right in the middle of Southeast Asia, which means that it would be a great place to start for Taiwanese businesses hoping to expand into mainland Asia.

Some Taiwanese brands that are hoping to open in Thailand include Fried Chicken Master, Frozen Heart, Monga Taiwanese style fried chicken, Morn Coo Coo, Yu Fu Yuan restaurant, I.H Art, Thefeen burger, Tea Top, MR Sun, Presotea and HWC Roasters.

SOURCE: Bangkok Post

 

Get more from The Thaiger

Luke Albers is a writer from the United States. He graduated from the University of Colorado with a bachelors degree in political science and a certificate in peace, conflict and security studies. He has lived and worked in Africa and India, and now calls Thailand home. Luke loves to use his writing to connect with new people and places.

Follow Thaiger by email:

Bangkok6 mins ago

Fireworks to dazzle Bangkok’s Chao Phraya River area on New Year’s Eve

Medical13 mins ago

Resurgence of AIDS in Thailand overshadows UNAIDS summit

Phuket23 mins ago

Thai VietJet cancels Phuket – Bangkok flight last minute over 1 extra passenger

Sponsored5 hours ago

Where you can get cannabis in Bangkok

Food57 mins ago

Thailand’s top cheesemaker toasts his own success

Crime1 hour ago

New details unfolding over alleged assault by Pattaya loan sharks

Hot News1 hour ago

Family of man who died after a hair transplant warns others to avoid cowboy clinics

Join the conversation on the Thaiger Talk forums today!
Pattaya2 hours ago

Ladyboys steal Russian tourist’s gold necklace in Pattaya, Thailand

Hot News3 hours ago

7-Eleven stores introduce digital govt service channel for Thais

Thailand3 hours ago

Motorbike taxi driver wins 12 million baht lottery jackpot in Thailand

Tourism3 hours ago

Tourists flock to famous market in Koh Samui

Cannabis News4 hours ago

9 year olds smoke cannabis on Pattaya Beach in Thailand

Education4 hours ago

A guide to the costs of international schools in Thailand

Thailand5 hours ago

Woman allegedly steals winning lottery ticket from friend

Thailand5 hours ago

Driving licence point deductions starting next year in Thailand | GMT

Board of Investment5 hours ago

Thailand’s Board of Investment unveils transformation plans

Thailand1 year ago

Morning Top Stories Thailand | Police to end protests, Human Trafficking | September 14

Thailand2 years ago

Thailand News Today | Thai Airways in rehab, All go for Songkran | March 4

Tourism2 years ago

Phuket’s nightlife. Yes, bars and clubs are still open | VIDEO

Phuket2 years ago

Thailand News Today | Covid passport talks, Thai Airways heads to court | March 2

Tourism2 years ago

Phuket Thai food treats you need to try | VIDEO

Thailand2 years ago

Thailand News Today | Bars, pubs and restaurants ‘sort of’ back to normal | Feb 23

Tourism2 years ago

In search of Cat & Dog Cafés in Phuket Town | VIDEO

Thailand2 years ago

Thailand News Today | Gambling crackdown, Seafood market to reopen, Vlogger challenge | Jan 21

Thailand2 years ago

Thailand News Today | Covid testing for visas, Business impact, Vaccine approval | January 19

Thailand2 years ago

Thailand News Today | Weekend Bangkok bombs, Thailand fires, Covid update | January 18

Thailand2 years ago

Thailand News Today | Stray car on runway, Indonesian quake, 300 baht tourist fee | January 15

Thailand2 years ago

Thailand News Today | Governor off respirator, sex-trafficking arrest, condo prices falling | January 14

Thailand2 years ago

Thailand News Today | Chinese vaccine, Thailand ‘drug hub’, Covid update | January 13

Thailand2 years ago

Thailand News Today | Bangkok may ease restrictions, Phuket bar curfew, Vaccine roll out | January 12

Thailand2 years ago

Thailand News Today | Covid latest, Cockfights closed down, Bryde’s Whale beached | January 11

Trending