THAILANDSICThailand Standard Industrial Classification

TSIC Activity

10723

Manufacture of sugar from crop (except sugarcane)

ประกอบกิจการผลิตและจำหน่ายน้ำตาลมะพร้าว ปลีก-ส่ง และช่องทางออนไลน์

What this activity covers

This activity involves producing sugar and syrup from various sweet plants, excluding sugarcane.

  • Sugar production — Production of sugar from sweet plants like coconut and red radish
  • Syrup production — Production of syrup from sweet plants such as maple and palm
  • Artificial sugar production — Production of artificial sugar from plants like stevia
  • Coconut sugar — Specific production of sugar from coconut
  • Mixed sugar production — Production of various types of sugar for consumption

What companies here also do

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

  • Syrup export — Manufacturing and exporting syrup products
  • Beverage manufacturing — Contract manufacturing of flavored beverages

Not included here

  • Production of glucose, glucose syrup, maltose. See activity 10629.
  • Manufacture of sweeteners or sugar alcohols See activity 20114

Foreign ownership

List 2: Restricted, Cabinet routeinherited from 1072

Manufacture of sugar from sugar cane

FBA B.E. 2542, List 2, Chapter 3 (9)Routes: Cabinet permission, US Treaty of Amity

Auto-mapped, verify against the Act. These TSIC mappings are indicative, not legal advice; the schedules of the Foreign Business Act B.E. 2542 are the authority. See the full foreign ownership reference.

Industry at a glance

as of 23 ก.ค. 69

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

35
active companies operate here
฿784.2Mregistered capital, combined
฿1.6B
Sector revenue · 2025
+28% since 2023
฿11.2M
Net profit · 2025
22 profitable
202320242025

net profitrevenue

New in 2026

0-100.0%

registrations, YTD

Registered capital

฿784.2M+0.1%

since year-end

Largest by revenue

Latest filed-year revenue, not a multi-year total

  1. 1Best Success Enterprises (Thailand) Co., Ltd.฿575.5M
  2. 2Baan Nam Tan Rung Nirun Co., Ltd.฿193.7M
  3. 3Chiwadi Products Co., Ltd.฿176.4M
  4. 4Three Point Management Co., Ltd.฿90.4M
  5. 5T. Choklikhit (1999) Co., Ltd.฿89.7M

Largest by registered capital

  1. 1Best Success Enterprises (Thailand) Co., Ltd.Rayong฿550.0M
  2. 2Sang Aathit Trading and Transport Co., Ltd.Bangkok฿80.0M
  3. 3Sugavia Co., Ltd.Nakhon Ratchasima฿49.0M

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.

12
Registered
since 2022
10
Still active
2
Dissolved
฿1.0M
Median capital
of active

New registrations per year

2022peak 4 in 20242025

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.

Emerhub

Restricted activity? There is usually a route.

Emerhub structures foreign-owned companies around FBA restrictions: Foreign Business Licence applications, BOI promotion, and compliant shareholding structures. Talk through your case before you commit to one.

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