首頁 > 市場調查報告書 > 食物/飲料

乳製品

市場調查報告書

商品編碼

1543412

新加坡乳製品及替代品市場

Dairy Products and Alternatives in Singapore

出版日期: 2024年08月20日 | 出版商:

Euromonitor International | 英文 74 Pages | 商品交期: 最快1-2個工作天內

價格

簡介目錄

預計2024年新加坡乳製品和替代產品零售量將保持穩定，零售當期金額預計將因價格上漲而成長。鑑於新加坡的GST稅率在2023年初從7%提高到8%，並從2024年1月1日起進一步從8%提高到9%，零售量穩定是很有可能的結果。這壓低了乳製品及其替代品的價格，通貨膨脹仍然很高。

本報告調查了新加坡的乳製品和替代品市場，分析和預測了嬰兒食品、奶油和塗抹醬、奶酪、飲用乳、優格和乳酸產品以及植物來源乳製品的市場規模和結構，我們進行了策略分析，包括主要參與企業的趨勢。

Retail volume sales of dairy products and alternatives in Singapore are expected to remain stable in 2024, along with retail current value growth due to price rises. Retail volume stability would be quite an achievement, given that the GST rate in Singapore was increased from 7% to 8% at the start of 2023, and a further increase from 8% to 9% was implemented from 1 January 2024. This has weighed on the prices of dairy products and alternatives, and with inflation also remaining at a higher level...

Euromonitor International's Dairy Products and Alternatives in Singapore report offers in-depth knowledge of the market at a national level, providing local insight and understanding unavailable elsewhere. In addition to the latest retail sales data 2019-2023, it identifies the leading companies, brands and retail outlets, and assesses the key trends and demographic shifts behind consumer demand and sales growth. How key trends such as health and wellness, sustainability and recovery from the pandemic are shaping the market in <|Year|> directly informs our forecasts to 2028, clearly indicating how the market is expected to change.

Product coverage: Baby Food, Dairy, Plant-based Dairy.

Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.

Why buy this report?

Get a detailed picture of the Dairy Products and Alternatives market;
Pinpoint growth sectors and identify factors driving change;
Understand the competitive environment, the market's major players and leading brands;
Use five-year forecasts to assess how the market is predicted to develop.

List Of Contents And Tables

EXECUTIVE SUMMARY

Dairy products and alternatives in 2024: The big picture
Key trends in 2024
Competitive landscape
Channel developments
What next for dairy products and alternatives?

MARKET DATA

Table 1 Sales of Dairy Products and Alternatives by Category: Value 2019-2024
Table 2 Sales of Dairy Products and Alternatives by Category: % Value Growth 2019-2024
Table 3 NBO Company Shares of Dairy Products and Alternatives: % Value 2020-2024
Table 4 LBN Brand Shares of Dairy Products and Alternatives: % Value 2021-2024
Table 5 Penetration of Private Label by Category: % Value 2019-2024
Table 6 Distribution of Dairy Products and Alternatives by Format: % Value 2019-2024
Table 7 Forecast Sales of Dairy Products and Alternatives by Category: Value 2024-2029
Table 8 Forecast Sales of Dairy Products and Alternatives by Category: % Value Growth 2024-2029

DISCLAIMER

SOURCES

Summary 1 Research Sources

BABY FOOD IN SINGAPORE

KEY DATA FINDINGS

2024 DEVELOPMENTS

Spike in birth rate during Year of the Dragon in 2024 drives up volume sales of milk formula
Persisting uncertain economic conditions, GST hike, and high inflationary environment hamper growth
Parents seek nutritious and convenient options in baby food

PROSPECTS AND OPPORTUNITIES

Low fertility rate in Singapore set to hamper volume growth of baby food, but value sales will be driven by premiumisation
SFA proposal to legally allow new ingredients in milk formula, as well as increase the permitted levels of certain ingredients
Singapore removes melamine-related restrictions for dairy-related products from China

CATEGORY DATA

Table 9 Sales of Baby Food by Category: Volume 2019-2024
Table 10 Sales of Baby Food by Category: Value 2019-2024
Table 11 Sales of Baby Food by Category: % Volume Growth 2019-2024
Table 12 Sales of Baby Food by Category: % Value Growth 2019-2024
Table 13 Sales of Growing-Up Milk Formula by Age: % Value 2019-2024
Table 14 NBO Company Shares of Baby Food: % Value 2020-2024
Table 15 LBN Brand Shares of Baby Food: % Value 2021-2024
Table 16 Distribution of Baby Food by Format: % Value 2019-2024
Table 17 Forecast Sales of Baby Food by Category: Volume 2024-2029
Table 18 Forecast Sales of Baby Food by Category: Value 2024-2029
Table 19 Forecast Sales of Baby Food by Category: % Volume Growth 2024-2029
Table 20 Forecast Sales of Baby Food by Category: % Value Growth 2024-2029

BUTTER AND SPREADS IN SINGAPORE

KEY DATA FINDINGS

2024 DEVELOPMENTS

Foodservice volume growth expected in 2024, driven by recovery of dining out and rise in inbound tourism
Stagnating retail volume growth, due to demand in foodservice and value-seeking behaviour
Presence of convenient formats of butter and spreads available, but not yet significant

PROSPECTS AND OPPORTUNITIES

Butter set to maintain growth as it is a key part of many local dishes, while margarine and spreads projected to decline
While expected to remain a niche trend, a gradual movement is expected to diverse types of spreads for bread besides butter
Key brand SCS set to maintain its strong lead in butter

CATEGORY DATA

Table 21 Sales of Butter and Spreads by Category: Volume 2019-2024
Table 22 Sales of Butter and Spreads by Category: Value 2019-2024
Table 23 Sales of Butter and Spreads by Category: % Volume Growth 2019-2024
Table 24 Sales of Butter and Spreads by Category: % Value Growth 2019-2024
Table 25 NBO Company Shares of Butter and Spreads: % Value 2020-2024
Table 26 LBN Brand Shares of Butter and Spreads: % Value 2021-2024
Table 27 Distribution of Butter and Spreads by Format: % Value 2019-2024
Table 28 Forecast Sales of Butter and Spreads by Category: Volume 2024-2029
Table 29 Forecast Sales of Butter and Spreads by Category: Value 2024-2029
Table 30 Forecast Sales of Butter and Spreads by Category: % Volume Growth 2024-2029
Table 31 Forecast Sales of Butter and Spreads by Category: % Value Growth 2024-2029

CHEESE IN SINGAPORE

KEY DATA FINDINGS

2024 DEVELOPMENTS

Moderate foodservice volume growth for cheese, bolstered by local food trends
Slowing birth rate may signal the necessity for brands to target adults as a key consumer group
Health-conscious consumption trend is slower to pick up in cheese, mainly evident in soft cheese

PROSPECTS AND OPPORTUNITIES

Potential for growth for unprocessed cheeses over the forecast period
Consumer price sensitivity expected to have varying impacts within cheese categories

CATEGORY DATA

Table 32 Sales of Cheese by Category: Volume 2019-2024
Table 33 Sales of Cheese by Category: Value 2019-2024
Table 34 Sales of Cheese by Category: % Volume Growth 2019-2024
Table 35 Sales of Cheese by Category: % Value Growth 2019-2024
Table 36 Sales of Spreadable Cheese by Type: % Value 2019-2024
Table 37 Sales of Soft Cheese by Type: % Value 2019-2024
Table 38 Sales of Hard Cheese by Type: % Value 2019-2024
Table 39 NBO Company Shares of Cheese: % Value 2020-2024
Table 40 LBN Brand Shares of Cheese: % Value 2021-2024
Table 41 Distribution of Cheese by Format: % Value 2019-2024
Table 42 Forecast Sales of Cheese by Category: Volume 2024-2029
Table 43 Forecast Sales of Cheese by Category: Value 2024-2029
Table 44 Forecast Sales of Cheese by Category: % Volume Growth 2024-2029
Table 45 Forecast Sales of Cheese by Category: % Value Growth 2024-2029

DRINKING MILK PRODUCTS IN SINGAPORE

KEY DATA FINDINGS

2024 DEVELOPMENTS

Stronger retail volume performance for fresh milk than shelf stable milk in 2024
Extension of Nutri-grade regulations to freshly prepared beverages is implemented in late 2023, but has little impact on indulgent bubble tea
Functional milk sees further new product developments

PROSPECTS AND OPPORTUNITIES

Drinking milk products expected to face growing competition from plant-based milk
With stagnating retail volume growth of powder milk, manufacturers likely to focus on older consumers
Dairy only flavoured milk drinks targeted towards impulse occasions set to stagnate as the competition intensifies

CATEGORY DATA

Table 46 Sales of Drinking Milk Products by Category: Volume 2019-2024
Table 47 Sales of Drinking Milk Products by Category: Value 2019-2024
Table 48 Sales of Drinking Milk Products by Category: % Volume Growth 2019-2024
Table 49 Sales of Drinking Milk Products by Category: % Value Growth 2019-2024
Table 50 NBO Company Shares of Drinking Milk Products: % Value 2020-2024
Table 51 LBN Brand Shares of Drinking Milk Products: % Value 2021-2024
Table 52 Distribution of Drinking Milk Products by Format: % Value 2019-2024
Table 53 Forecast Sales of Drinking Milk Products by Category: Volume 2024-2029
Table 54 Forecast Sales of Drinking Milk Products by Category: Value 2024-2029
Table 55 Forecast Sales of Drinking Milk Products by Category: % Volume Growth 2024-2029
Table 56 Forecast Sales of Drinking Milk Products by Category: % Value Growth 2024-2029

YOGHURT AND SOUR MILK PRODUCTS IN SINGAPORE

KEY DATA FINDINGS

2024 DEVELOPMENTS

Stable foodservice volume growth for yoghurt in 2024, driven by health trends
Greek yoghurt gains popularity and varieties available expand
Drinking yoghurt continues to be strongly led by Yakult

PROSPECTS AND OPPORTUNITIES

Ambient drinking yoghurt expected to remain a niche amongst consumers and fail to see volume growth
Flavoured yoghurt will continue to be preferred over plain yoghurt over the forecast period
Competitive landscape in plain and flavoured yoghurt expected to remain fragmented

CATEGORY DATA

Table 57 Sales of Yoghurt and Sour Milk Products by Category: Volume 2019-2024
Table 58 Sales of Yoghurt and Sour Milk Products by Category: Value 2019-2024
Table 59 Sales of Yoghurt and Sour Milk Products by Category: % Volume Growth 2019-2024
Table 60 Sales of Yoghurt and Sour Milk Products by Category: % Value Growth 2019-2024
Table 61 Sales of Flavoured Yoghurt by Flavour: Rankings 2019-2024
Table 62 NBO Company Shares of Yoghurt and Sour Milk Products: % Value 2020-2024
Table 63 LBN Brand Shares of Yoghurt and Sour Milk Products: % Value 2021-2024
Table 64 Distribution of Yoghurt and Sour Milk Products by Format: % Value 2019-2024
Table 65 Forecast Sales of Yoghurt and Sour Milk Products by Category: Volume 2024-2029
Table 66 Forecast Sales of Yoghurt and Sour Milk Products by Category: Value 2024-2029
Table 67 Forecast Sales of Yoghurt and Sour Milk Products by Category: % Volume Growth 2024-2029
Table 68 Forecast Sales of Yoghurt and Sour Milk Products by Category: % Value Growth 2024-2029

OTHER DAIRY IN SINGAPORE

KEY DATA FINDINGS

2024 DEVELOPMENTS

Declining demand for coffee whiteners, condensed milk, and evaporated milk through retail as consumers seek healthier alternatives
Limited variety of coffee whiteners available also weighs on the development of the category
Modern plant-based cream struggles to gain traction amidst other non-dairy options

PROSPECTS AND OPPORTUNITIES

Opportunity for moderate volume growth of condensed and evaporated milk through foodservice channels, but constrained by HPB campaign
Volume sales of single-serve cream expected to rise in the forecast period
Retail volume growth of coffee whiteners expected to continue to struggle over the forecast period

CATEGORY DATA

Table 69 Sales of Other Dairy by Category: Volume 2019-2024
Table 70 Sales of Other Dairy by Category: Value 2019-2024
Table 71 Sales of Other Dairy by Category: % Volume Growth 2019-2024
Table 72 Sales of Other Dairy by Category: % Value Growth 2019-2024
Table 73 Sales of Cream by Type: % Value 2019-2024
Table 74 NBO Company Shares of Other Dairy: % Value 2020-2024
Table 75 LBN Brand Shares of Other Dairy: % Value 2021-2024
Table 76 Distribution of Other Dairy by Format: % Value 2019-2024
Table 77 Forecast Sales of Other Dairy by Category: Volume 2024-2029
Table 78 Forecast Sales of Other Dairy by Category: Value 2024-2029
Table 79 Forecast Sales of Other Dairy by Category: % Volume Growth 2024-2029
Table 80 Forecast Sales of Other Dairy by Category: % Value Growth 2024-2029

PLANT-BASED DAIRY IN SINGAPORE

KEY DATA FINDINGS

2024 DEVELOPMENTS

Soy drinks sees increased competition between brands
Opportunity for growth of other plant-based milk through convenience retailers
Plant-based cheese remains a niche in Singapore, with limited uptake so far

PROSPECTS AND OPPORTUNITIES

Foodservice outlets in Singapore expected to increasingly embrace plant-based milk
While currently limited, there is potential for plant-based yoghurt to grow consumer awareness through foodservice outlets
The number of players in other plant-based milk is expected to continue to expand

CATEGORY DATA

Table 81 Sales of Plant-Based Dairy by Category: Value 2019-2024
Table 82 Sales of Plant-Based Dairy by Category: % Value Growth 2019-2024
Table 83 Sales of Other Plant-Based Milk by Type: % Value 2021-2024
Table 84 NBO Company Shares of Plant-Based Dairy: % Value 2020-2024
Table 85 LBN Brand Shares of Plant-Based Dairy: % Value 2021-2024
Table 86 Distribution of Plant-Based Dairy by Format: % Value 2019-2024
Table 87 Forecast Sales of Plant-Based Dairy by Category: Value 2024-2029
Table 88 Forecast Sales of Plant-Based Dairy by Category: % Value Growth 2024-2029

02-2729-4219

+886-2-2729-4219