THAILAND: Instant foods a winner in economic slowdown, competition and innovation strong
The instant food sector in Thailand is predicted to grow at a rate of 5% a year, although manufacturers are warned that competition is intensifying. A report released today [Tuesday] by the Thai News Agency (TNA) revealed that the growth of instant foods is being prompted by the current tough economic climate, as consumers are anxious to save, and keep instant foods for consumption in case of emergencies.
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