Ezaki Glico Co, a Japanese food producer, yesterday launched its ice-cream brands in Thailand.
Thanks to differentiation of flavours and packaging designs, Glico expects to gain popularity among teenagers and working adults quickly, with a sales target of Bt600 million to Bt900 million by 2020.
According to Euromonitor International research, Thailand's ice-cream market last year was expected to grow by 8 per cent to Bt12.8 billion.
Ezaki Glico established a wholly owned subsidiary, Glico Frozen (Thailand), last June with registered capital of Bt200 million. It is responsible for marketing activities mainly focusing on digital media. A local plant will make ice-cream products, which will be available in both traditional and modern trade as well as convenience stores from January 27.
Kiyotaka Shimamori, managing director of Glico Frozen (Thailand), said there was huge opportunity to grow because about 55 per cent of ice-cream products in Thailand were priced below Bt15 each. However, Glico is offering customers a new choice of flavours and styles.
Initially, the company will introduce four major brands: Palitte, Giant Cone, Panapp and Seventeen.
The Palitte brand offers two flavours, milk-and-chocolate and milk-and-white-chocolate, priced at Bt35. Giant Cone brand offers chocolate-and-peanut and chocolate-and-cookie flavours, priced at Bt25.