Thailand is also one of the largest producers of processed foods in the world. Thailand's food processing sector is made up of mostly small firms and cottage industries, with medium-to-large enterprises accounting for 15% of the sector. Thailand's largest drinks company ThaiBev purchased 252 KFC outlets in the country for approximately USD470mn. Thailand-based conglomerate Charoen Pokphand Foods (CP Foods) plans to increase the proportion of sales it makes from its overseas business in the next five years in a bid to 'tackle global economic uncertainties'. The government has announced a food and agro-industry project to support farmers and businesses, creating a Northern Thailand food valley to help make crop prices more stable and boost rural incomes.

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