Reference
·Supporting source
BOI Future Food Category 1.5 project approvals (2020-2024)
~115 projects cumulative
BOI Future Food category 1.5 (functional food, alternative protein, organic processed food, novel food) project approvals reached approximately 115 cumulative through end-2024 per the Thailand Board of Investment 2024 promotion bulletin. The category targets premium-priced, R&D-intensive food processing including plant-based meat (NRF, More Meat), insect protein (Cricket Lab, Bugsolutely), functional beverages (Sappe, Ichitan functional SKUs), nutraceutical extracts (Bionet-Asia), and cell-cultured trials. Approvals committed cumulative investment of roughly THB 14-18 billion under BOI corporate tax exemption windows of 8-13 years.
Figure in context
BOI Future Food category 1.5 (functional food, alternative protein, organic processed food, novel food) project approvals reached approximately 115 cumulative through end-2024 per the Thailand Board of Investment 2024 promotion bulletin. The category targets premium-priced, R&D-intensive food processing including plant-based meat (NRF, More Meat), insect protein (Cricket Lab, Bugsolutely), functional beverages (Sappe, Ichitan functional SKUs), nutraceutical extracts (Bionet-Asia), and cell-cultured trials. Approvals committed cumulative investment of roughly THB 14-18 billion under BOI corporate tax exemption windows of 8-13 years.
Interpretation notes
What this tells you
BOI Future Food category 1.5 (functional food, alternative protein, organic processed food, novel food) project approvals reached approximately 115 cumulative through end-2024 per the Thailand Board of Investment 2024 promotion bulletin. The category targets premium-priced, R&D-intensive food processing including plant-based meat (NRF, More Meat), insect protein (Cricket Lab, Bugsolutely), functional beverages (Sappe, Ichitan functional SKUs), nutraceutical extracts (Bionet-Asia), and cell-cultured trials. Approvals committed cumulative investment of roughly THB 14-18 billion under BOI corporate tax exemption windows of 8-13 years.
What not to do with it
Annual incremental BOI Future Food category 1.5 approvals. Cumulative through end-2024 reaches approximately 115 projects.
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