- CEO
- Sathien Setthasit
- Full Time Employees
- 2,756
- Sector
- Consumer non-durables
- Industry
- Beverages: non-alcoholic
- Address
- 393 Silom Building Bangkok BM Thailand 10500
- IPO Date
- Nov 21, 2014
- Business
- Carabao Group Public Company Limited operates as a Thailand-based holding company engaged primarily in the manufacture, marketing, distribution, and sale of beverages. Its core product portfolio encompasses a wide range of energy drinks, including carbonated and non-carbonated variants under the Carabao brand; functional drinks such as vitamin C beverages under the Woody C+ Lock brand; sports drinks marketed as Carabao Sport; ready-to-drink coffee, including Carabao instant 3-in-1 coffee powder and Carabao ready-to-drink coffee; and bottled drinking water. The company also manufactures and distributes glass bottles and aluminum cans in-house, maximizing production efficiency and cost management through its subsidiaries such as Asia Pacific Glass Co., Ltd. and Asia Packaging Manufacturing Co., Ltd. Carabao Group provides distribution services for both its own branded products and third-party food and non-food products, maintaining a robust distribution network in traditional and modern retail channels across Thailand and international markets, including CLMV countries, the United Kingdom, China, and others.
Founded in 2001 and headquartered in Bangkok, Thailand, Carabao Group has expanded its business segments beyond beverages by vertically integrating packaging production and distribution. The group boasts strong production capacity with annual output capabilities of over 1.3 billion glass bottles and aluminum cans production through a joint venture established for beverage cans. This vertical integration supports the supply chain and helps maintain cost competitiveness. The company’s strategic recent activities include reinforcing its market leadership and innovation in the energy drink sector, as evidenced by its participation and recognition at events like Asia CanTech 2025. Additionally, Carabao Group secured a strategic cooperation agreement targeting packaging revenue growth starting in 2026, which is expected to enhance its packaging business substantially. In 2024 and 2025, Carabao has also focused on expanding its product range and strengthening partnerships, notably partnering with Rebellion to amplify brand presence globally and supporting local sports events to elevate brand recognition.
Carabao Group’s operations span multiple beverage categories within the consumer non-cyclicals industry, including energy drinks, vitamin and sports drinks, functional beverages, coffee, and water, serving consumer markets primarily in Thailand with growing international reach. The group’s subsidiaries include Carabao Tawandang Co., Ltd., Asia Pacific Glass Co., Ltd., Tawandang DCM Co., Ltd., and Asia Packaging Manufacturing Co., Ltd., supporting a comprehensive and integrated business model that covers manufacturing, packaging, and distribution. This positions Carabao Group as one of Thailand’s leading beverage companies with a distinctive presence in both domestic and international markets. The company remains committed to innovation, operational efficiency, and strategic partnerships to sustain growth and maintain competitive advantage in the dynamic beverage industry landscape.
Overall, Carabao Group Public Company Limited leverages its vertically integrated production capabilities, diverse beverage portfolio, and strategic alliances to maintain leadership in energy drinks and expand its presence in functional drinks and other beverage segments, with a clear focus on sustainable growth and market expansion across Southeast Asia and beyond.