Milkshakes is one of the food and beverage sub-category offered in restaurants, along with the meat mains – others and carbonated soft drinks sub-categories, according to GlobalData’s menu intelligence database. In its menu analysis of the milkshakes sub-category in Thailand report, GlobalData analyses 2,306 menu items from different foodservice outlets and provides an overview of the food categories available across the foodservice channel in Thailand. According to the report, the milkshakes sub-category constituted a 3% share among all restaurant types in Thailand. Buy the report here.
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Fruit was found to be the most-used ingredient in the milkshakes sub-category featuring in 32% of menu items, followed by confectionery and milk. Hot drinks and nuts & seeds were also significant ingredients.
An analysis of the annual price change between 2023 and H1 2024 indicates that the average menu prices in the milkshakes sub-category have dropped by 0.42%. As on-premises dining gains momentum following the COVID-19 pandemic, the milkshakes sub-category in Thailand is expected to experience overall growth.
Different sub-categories exhibited mixed price movements within Thailand foodservice market between 2023 and H1 2024. Of all the sub-categories, the rice - main sub-category exhibited the highest price increase, while milkshakes experienced a maximum price decrease.
An in-depth analysis of milkshakes sub-category price trend by location reveals consumption trends of each region. The graph below represents the change in milkshakes sub-category menu prices during 2022-2024 across the top five locations. As seen below, milkshakes sub-category menu items in Ratchaburi became more affordable as compared to Bangkok and phuket.
While consumers become more price conscious, operators too, look for ways to optimize their costs to retain margin and market share. In Thailand market, restaurants operators rely on innovation as a crucial tactic to appeal to customers as well as optimize costs. As increasing number of consumers seek novel experiences, foodservice operators must continuously innovate their menu choices, providing superior taste and quality along with a diverse selection of dishes. Operators should highlight the distinctive tastes and flavours of their food and beverage offerings in a convenient format to enhance customer engagement.
To further understand and explore GlobalData’s insight into Thailand sub-category menu, buy the report here.
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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
GlobalData’s Online Menu Intelligence is a database of cost and profit foodservice operators on menus within Foodservice Intelligence Center. The tool’s several search options, such as cuisine, category, menu item, ingredient, and restaurant, help users to conduct focused searches in terms of price analysis (average price and change in prices), menu item claims, popular categories, cuisine/ingredient penetration levels, etc.
