THAILANDSICThailand Standard Industrial Classification

TSIC Activity

10502

Manufacture of powdered milk and condensed or evaporated milk

ประกอบกิจการผลิต สินค้าอุปโภค บริโภค เช่น นมผงสำหลับทำขนมหรือประกอบอาหาร

What this activity covers

This activity involves processing milk into powdered and condensed forms for various uses.

  • Condensed milk production — Making sweetened and unsweetened condensed milk
  • Powdered milk production — Manufacturing regular and skim milk powder

What companies here also do

Seen in real company registrations under this code — beyond the official definition, so licensing may differ.

  • Dairy product processing — Processing various dairy and animal products
  • Consumer goods production — Producing goods like powdered milk for cooking

Industry at a glance

as of 23 ก.ค. 69

The whole registered industry under this activity, every registration year, from the DBD DataWarehouse.

22
active companies operate here
฿2.4Bregistered capital, combined
฿100.9B
Sector revenue · 2025
+26% since 2023
฿6.7B
Net profit · 2025
10 profitable
202320242025

net profitrevenue

Foreign investment

new registrations · 2026 YTD
0%of new registered capital is foreign-held
฿0 foreign฿2.0M Thai

Based on few new registrations this year — read as a rough signal only.

4 of the 5 largest companies here are foreign-owned Thailand subsidiaries.

New in 2026

2+100.0%

registrations, YTD

Registered capital

฿2.4B-19.2%

since year-end

Largest by registered capital

  1. 1Nestlé (Thai) Co., Ltd.intlBangkok฿940.0M
  2. 2Yiarakan Co., Ltd.Bangkok฿600.0M
  3. 3Khaidee Beverage Co., Ltd.Samut Prakan฿300.0M

Source: Department of Business Development DataWarehouse. Financial figures are combined totals of companies that filed statements; revenue and profit shown for the latest three reporting years.

Companies registered since 2022

Browse all

New DBD registrations under this activity since 2022, the period the registry snapshot covers, not the full historical register.

7
Registered
since 2022
5
Still active
2
Dissolved
฿1.0M
Median capital
of active

New registrations per year

2022peak 3 in 20222026

Largest active companies by registered capital

Source: Department of Business Development (DBD) new-registration records, 2022 to present. Counts cover companies first registered in that window, reflect the latest snapshot load, and may lag the live register.

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