Singapore Dairy and Soy Food - Market Assessment and Forecasts to 2024

Singapore Dairy and Soy Food - Market Assessment and Forecasts to 2024

  • September 2020 •
  • 122 pages •
  • Report ID: 5977925 •
  • Format: PDF
Singapore Dairy and Soy Food - Market Assessment and Forecasts to 2024

Summary
Country Profile report on the dairy & soy food sector in Singapore provides insights on high growth markets to target, trends in the usage of packaging materials, types and closures category level distribution data and companies market shares.

The Singaporean dairy & soy foods sector was led by Soymilk & soy drinks category in value and volume terms in 2019.Furthermore, the yogurt category is forecast to register fastest value and volume growth during 2019-2024.

Hypermarkets & supermarkets is the leading channel for distribution of dairy & soy food products in the country.Paper & board was the most commonly used pack material in the sector.

Fraser and Neave Holdings Bhd, Meiji Holdings Co Ltd and Malaysia Milk Sdn Bhd are the leading players in the Singaporean dairy & soy foods sector.

What else is contained?
- Sector data: Overall sector value and volume data with growth analysis for 2014-2024
- Category coverage: Value and growth analysis for Butter & spreadable fats, cheese, cream, dairy-based & soy-based desserts, drinkable yogurt, fromage frais & quark, milk, soymilk & soy drinks and yogurt with inputs on individual segment share within each category and the change in their market share forecast for 2019-2024
- Leading players: Market share of compaines (in value terms) and private labels (in value terms) in 2019
- Distribution data: Percentage of sales within each category through distribution channels such as cash & carries & warehouse clubs, convenience stores, department stores, food & drinks specialists, hypermarkets & supermarkets, e-retailers, “dollar stores”, variety stores & general merchandise retailers, vending machines, drug stores & pharmacies, health & beauty stores and other general retailers.
- Packaging data: consumption breakdown for package materials and pack types in each category, in terms of percentage share of number of units sold. Pack material data for glass, flexible packaging, rigid plastics, paper & board and rigid metal; pack type for: jar, bag/sachet, tub, stand up pouch, carton - folding, can, carton - liquid, pillow pouch, bottle, cup, aerosol, tube, tray, film, wrapper, clamshell, box, foil and other pack type, closure type for: flip/snap top, screw top, prize off, twist off, plastic tie, foil, sports cap, film, cap, lever closure, crown and other closure types, primary outer types for: carton - folding, bag, sleeve and shrink wrap.

Scope
- Both per capita consumption and per capita expenditure of dairy & soy food was higher in Singapore than in the global level in 2019
- Singaporean consumers spending pattern remains unchanged in the dairy & soy food sector
- The per capita consumption of soymilk & soy drinks was higher than other dairy & soy food categories in 2019
- Fraser and Neave Holdings Bhd was the leading company in the Singaporean dairy & soy food sector in value terms in 2019
- Private labels are growing at a higher CAGR than brands in the Singaporean dairy & soy food sector
- Paper & board is the most commonly used pack material in the Singaporean dairy & soy food sector

Reasons to Buy
- Identify high potential categories and explore further market opportunities based on detailed value and volume analysis
- Existing and new players can analyze key distribution channels to identify and evaluate trends and opportunities
- Gain an understanding of the total competitive landscape based on detailed company share analysis to plan effective market positioning
- Our team of analysts have placed a significant emphasis on changes expected in the market that will provide a clear picture of the opportunities that can be tapped over the next five years, resulting in revenue expansion
- The packaging analysis report helps manufacturers, in identifying the most commonly used packaging materials in the sector
- Analysis on key macro-economic indicators such as real GDP, nominal GDP, consumer price index, household consumption expenditure, population (by age group, gender, rural-urban split, and employed people and unemployment rate. It also includes economic summary of the country along with labor market and demographic trends.
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