THAILANDSICThailand Standard Industrial Classification

TSIC Activity

46322

Wholesale of non-alcohol beverages

ประกอบกิจการค้า ผัก ผลไม้ หน่อไม้ พริกไทย พืชสวน บุหรี่ ยาเส้น เครื่องดื่ม น้ำดื่ม น้ำแร่ น้ำผลไม้ สุรา เบียร์ อาหารสด อาหารแห้ง อาหารสำเร็จรูป อาหารทะเลบรรจุกระป๋อง เครื่องกระป๋อง เครื่องปรุงรสอาหาร

What this activity covers

Wholesale of various non-alcoholic beverages including water, soft drinks, and juices.

  • Natural mineral water — Wholesale of bottled natural mineral water
  • Drinking water — Wholesale of sealed drinking water
  • Soft drinks — Wholesale of carbonated soft drinks
  • Coffee and tea — Wholesale of ready-to-drink coffee, tea, and herbal teas
  • Juices — Wholesale of vegetable, fruit, and grain juices
  • Energy drinks — Wholesale of sports and energy drinks

What companies here also do

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

  • Retail sales — Selling beverages directly to consumers
  • Catering services — Providing food and beverage catering
  • Beverage production — Producing bottled water and other drinks

Foreign ownership

List 3: Restricted, FBL/BOI route availableinherited from 46

Wholesale of goods of all kinds, where the minimum capital per store is below the level prescribed in the Act

Not a hard restriction — only applies while under-capitalised. A foreign-majority wholesaler is exempt from this List 3 item (no Foreign Business Licence needed) once minimum registered capital reaches the Act's threshold, typically THB 100 million per store. Verify current ministerial-regulation figures.

FBA B.E. 2542, List 3 (15)Routes: Foreign Business Licence, BOI promotion, 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.

933
active companies operate here
฿8.0Bregistered capital, combined
฿87.7B
Sector revenue · 2025
+37% since 2023
฿1.9B
Net profit · 2025
289 profitable
202320242025

net profitrevenue

Foreign investment

new registrations · 2026 YTD
10%of new registered capital is foreign-held
฿11.0M foreign฿96.8M Thai

Foreigners are actively investing in this activity.

New in 2026

86+68.6%

registrations, YTD

Registered capital

฿8.0B-10.9%

since year-end

Largest by revenue

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

  1. 1Tawan Daeng DCM Co., Ltd.฿17.1B
  2. 2Osotspa Beverage Co., Ltd.฿14.6B
  3. 3De Bell Co., Ltd.฿12.2B
  4. 4Thai Drink Co., Ltd.฿9.5B
  5. 5T.A.C. Consumer Public Company Limited฿2.4B

Largest by registered capital

  1. 1Cola Real Trading Co., Ltd.Chon Buri฿1.6B
  2. 2Thai Drink Co., Ltd.Bangkok฿1.5B
  3. 3DRINK ENTERPRISE CO., LTD.Bangkok฿420.0M

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.

364
Registered
since 2022
323
Still active
41
Dissolved
฿1.0M
Median capital
of active

New registrations per year

2022peak 93 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.

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.

Talk to Emerhub Thailand