Top Growth Opportunities: Dairy & Soy in Singapore

Top Growth Opportunities: Dairy & Soy in Singapore

  • September 2019 •
  • 68 pages •
  • Report ID: 5838910 •
  • Format: PDF
Top Growth Opportunities: Dairy & Soy in Singapore

Top Growth Opportunities for Dairy & Soy in Singapore provides recommended actions and detailed analysis of how to target the best growth opportunities for Dairy & Soy producers and retailers. Readers can understand what categories, channels, companies, and consumers will drive the success of Dairy & Soy markets in Singapore through detailed and robust data, expert insight, and case studies.

Top Growth Opportunity reports use a risk versus reward opportunity model to identify the best growth markets for Dairy & Soy producers. Through this in-depth study of market and category dynamics, readers are able to identify key opportunities, and what they need to do in order to target them.

Among the top 10 high-potential countries, the Singaporean Dairy & Soy sector ranked seventh on the Opportunity Score and was valued at US$857.5 million in 2018. Supported by solid GDP growth of 3.2% in 2018 and continued positive macroeconomic performance, the Singaporean Dairy & Soy sector is poised to witness value growth at a CAGR of 6.0% over 2018-2023. Furthermore, consumer confidence and expenditure has been maintained despite the country being in the crossfire of the US-China Trade War. To counter the effects of this trade war, the Singaporean Government is implementing its Industry 4.0 scheme, to become the leader in technological innovation in the region

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- Key consumer demographic groups driving consumption within the Singaporean market.Improve your consumer targeting by understanding who’s driving the market, what they want, and why
- A study of market value and volumes over 2013-2018 for the Singaporean, supplemented with category, brand and packaging analysis that shows the current state of the market, and how it will evolve over the 2018-2023 period
- White space analysis, to pinpoint attractive spaces in the market and the key actions to take
- Insight into the implications behind the data, and analysis of how the consumer needs will evolve in the short-to-medium term future
- Examples of international and regional product innovation targeting key consumer needs

- The Singaporean economy is experiencing solid growth, driven by steady consumer confidence and .

However, this growth is slower than its regional neighbours, in part due to its relatively slow adoption of disruptive technologies compared to other ASEAN countries
- The Singaporean Dairy & Soy sector will register strong value growth of 6.0% CAGR 2018-2023, higher than the 3.9% volume growth forecasted for the same period
- Hypermarkets & Supermarkets accounted for the largest channel in the Singaporean Dairy & Soy sector, whilst simultaneously recording the fastest growth compared to all other channels

Reasons to buy
- This report brings together consumer analysis and market data to provide actionable insight into the behavior of the Singaporean Dairy & Soy consumers.
- This is based on unique consumer data, developed from extensive consumption surveys and consumer group tracking, which quantifies the influence of 20 consumption motivations in the Dairy & Soy sector.
- Category, brand, and packaging dynamics are also examined. This allows product and marketing strategies to be better aligned with the leading trends in the market.

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