Issue 58
The Ministry of Commerce has advised Thai enterprises to enter the Japanese funeral services sector.
“The Thai Trade Office in Tokyo reported that the country’s ageing population has driven the funeral services industry, and the higher number of deaths has increased the demand for products for services when people die,” DITP Director-General Malee Choklumlerd said on September 2. “Some people also hold funerals for their beloved pets.”
Choklumlerd added that opportunities for Thai entrepreneurs include clothing, shrines, fresh flowers, pet clothing, coffins and souvenirs.
According to the Yano Research Institute, this sector is forecasted to be worth US$17 billion (590 billion baht) this year, an increase of 0.3% on the previous year.
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