Singapore Food & Drink Report Q1 2008

Publication Date	January 2008
Publisher	Business Monitor
Product Type	Report
Pages	70
ISBN Number	1749-2947
Product Code	BMI00143

Price

£425.00
approximately: $619 | €491

PDF immediate delivery

Order above formats by FAX

Summary

As third quarter and full-year financial results for Singapore's leading food and beverage companies begin to drift in, the paradox of the local marketplace is again made clear. The opportunity to make handsome returns on food and beverage investments in Singapore is there; however, the size of the market and its late stage of development mean that only the smallest number of strategically focused firms can reap these rewards.

Singapore falls in sixth place in BMI's new Food and Drink Business Environment Ratings and this placing again highlights the frustration of the market to investors. Economic and political stability, as well as high levels of per-capita GDP and high consumption rates in some major food and beverage categories, all work in Singapore's favour. However, the tiny size of the population - just 4.4mn people - and an absence of medium- and long-term growth opportunities because of market maturity all work against it.

To investors interested in the region, Singapore is certainly attractive, with high spending levels and established consumption habits typically providing a satisfactory return on investments. However, with so little market share to go round, few companies can now enter Singapore and hope to harness sufficient consumer interest to warrant the required investment. Even those already established are finding the market tough and are having to operate at the height of their business activity levels in order to remain competitive and protect their market share.

One key development discussed in this quarter's report is the rumoured break-up of beverage major Fraser & Neave (F&N). F&N has refused to comment on rumours that it is to split its business into separate food and beverage, property and publishing companies, and yet the persistence of these rumours is indicative of how difficult it is to successfully operate in Singapore's food and drink sector, let alone while balancing non-core property and publishing interests. Meanwhile, F&N-backed APB, despite committing huge sums to expansion across emerging Indochina, has had to continue to invest in domestic brand building to avoid a renewed assault on its market share from close rival Carlsberg, which last quarter snared APB's Corona distribution agreement.

The challenges of trying to maximise growth opportunities within such a small market mean that market leaders require a strong strategic focus, substantial financial resources and the capacity for innovation; when all come together, Singapore can prove highly lucrative. Singapore Food Industries (SFI) announced its Q307 results in November and the figures make encouraging reading. Despite years of trying to reduce its dependency on Singapore, the country remains SFI's primary growth driver, with sales here increasing by 23.7% over the three-month period to contribute to group Q307 sales growth of 13.4% to US$111.3mn.

Content

Executive Summary
Business Environment
Regional Food and Drink Business Environment Ratings
Singapore's Food and Drink Business Environment Rating
SWOT Analysis
Mass Grocery Retail
Singapore Mass Grocery Retail Industry SWOT
Food and Drink
Singapore Food And Drink Industry SWOT
Macroeconomic Outlook
Retail
Regional Overview: Declining Role Of Independent Retail In Asia Pacific
Industry Forecast Scenario
Industry Developments
Market Overview
Food And Drink
Regional Overview: Confectionery in the Asia Pacific region
Industry Forecast Scenario
Food
Drink
Industry Developments
Food
Drink
Market Overview
Agriculture
Food
Drink
Tobacco
Industry Forecast Scenario
Industry Developments
Market Overview
Competitive Landscape
Key Players
Mass Grocery Retail
Food and Drink
Regional Company Case Studies
Food: Unilever In The Asia Pacific Region
Drink: San Miguel Corporation In The Asia Pacific Region
Mass Grocery Retail: Metro In The Asia Pacific Region
Company Analysis
Mass Grocery Retail
NTUC FairPrice
Sheng Siong
Food
Singapore Food Industries (SFI)
Drink
Asia Pacific Breweries (APB)
Fraser & Neave (F&N)
Food & Drink Ratings Appendix
Introduction: Revised Methodology
Ratings Overview
Ratings System
Indicators
Weighting
BMI Forecast Modelling
How We Generate Our Industry Forecasts
Retail Industry
Sources
List of Tables
- Table: Asia Pacific Food & Drink Business Environment Ratings - Q108
- Table: Singapore - Economic Activity
- Table: Store Numbers - MGR Versus Independent/Traditional Retailers In Selected Asia Pacific Markets, 2006
- Table: Sales - MGR versus Independent/Traditional Retailers In Selected Asia Pacific Markets, 2006 (US$mn)
- Table: Singapore Mass Grocery Retail Indicators (US$bn) - Historical Data & Forecasts By Format
- Table: Grocery Retail Sales by Format - Historical Data & Forecasts
- Table: Structure Of Singapore's Mass Grocery Retail Market By Estimated Number Of Outlets
- Table: Structure Of Singapore's Mass Grocery Retail Market By Value (US$mn)
- Table: Estimated Average Sales Per Outlet, By Format (US$mn)
- Table: Sales Breakdown By Retail Format Type, 2006
- Table: Leading Global Chocolate Manufacturers
- Table: Leading Confectionery Companies in the Asia Pacific Region
- Table: Food Consumption, Sales & Trade Indicators - Historical Data & Forecasts
- Table: Singapore Beverage Sub-Sector Indicators - Value Sales - Historical Data & Forecasts
- Table: Singapore Agricultural Sub-Sector Production And Statistics
- Table: Cigarette Value/Volume Sales - Historical Data & Forecasts
- Table: Key Players in Singapore Mass Grocery Retail Sec
- Table: Key Players in Singapore's Food & Drinks Sector
- Table: Per Capita Food Consumption in Selected Asia Pacific Markets (US$)
- Table: San Miguel Corporation In The Asia Pacific Region
- Table: San Miguel Corporation Revenue And Earnings Growth By Operating Division, Q107 (%)
- Table: San Miguel Corporation - Sales By Market (US$mn)
- Table: San Miguel Corporation - Key Historical Data
- Table: Metro Group - Five-Year Financial Results
- Table: Limits of Potential Returns
- Table: Risks to Realisation of Potential Returns
- Table: Weighting

About this Product

Delivery Details

PDF:Immediate delivery

Ask a question about this product?

Need help finding the right product?

Product features / use

Scope	Expert Insight/Opinion
Level	General Industry Strategies
Data	Detailed Market Forecasts
Profiles	Profiles of Key Companies
Features	Contains SWOT Analysis
Extra Info	Consumer Trends Highlighted