Sales of health and wellness snacks continued to be undermined by the economic challenges facing Singapore in 2023 with high inflation and a rise in the cost of living making many consumers more price sensitive. Additionally, there was an increased emphasis on the consumption of standard snacks in moderation, hence pushing the purchase of multipacks. The multipack format supports portion control, allowing consumers to indulge in unhealthy and indulgent snacks in smaller portions while also being...
Euromonitor International's HW Snacks in Singapore report tracks the developments of health-associated product types and the healthy-option positioning of competing brands across different food sectors. It provides the latest retail sales data 2019-2023, allowing you to compare health and wellness categories with each other or in the context of the total market for a sector. It identifies the leading companies, the leading brands and offers strategic analysis of key factors influencing the market- be they new product developments, legislative context or lifestyle influences. Forecasts to 2028 illustrate how the market is set to change.
Product coverage: HW Confectionery, HW Ice Cream, HW Savoury Snacks, HW Snacks by Type, HW Sweet Biscuits, Snack Bars and Fruit Snacks.
Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.
Why buy this report? * Get a detailed picture of the HW Snacks 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.
HW Snacks in Singapore
Euromonitor International
August 2024
List Of Contents And Tables
HW SNACKS IN SINGAPORE
KEY DATA FINDINGS
2023 DEVELOPMENTS
Economic pressures present challenges for producers of health and wellness snacks
Natural snacks benefiting from a healthy image
Hypoallergenic appeals to more consumers with dietary concerns
PROSPECTS AND OPPORTUNITIES
Strong demand for healthier snacks expected over the forecast period
Growth predicted for vegan and plant-based snacks, driven by changing lifestyles and concerns over environment and animal welfare
Specific health claims likely to become more prominent while medicated confectionery is seen to have growth potential
MARKET DATA
Table 1 Sales of Snacks by Health and Wellness Type: Value 2019-2023
Table 2 Sales of Snacks by Health and Wellness Type: % Value Growth 2019-2023
Table 3 Company Shares of Gluten Free Snacks (Biggest HW Type in Global Snacks): % Value 2019-2023
Table 4 Company Shares of Vegetarian Snacks (2nd Biggest HW Type in Global Snacks): % Value 2019-2023
Table 5 Company Shares of Organic Snacks (3rd Biggest HW Type in Global Snacks): % Value 2019-2023
Table 6 Company Shares of Vegan Snacks (4th Biggest HW Type in Global Snacks): % Value 2019-2023
Table 7 Company Shares of No Allergens Snacks (5th Biggest HW Type in Global Snacks): % Value 2019-2023
Table 8 Forecast Sales of Snacks by Health and Wellness Type: Value 2023-2028
Table 9 Forecast Sales of Snacks by Health and Wellness Type: % Value Growth 2023-2028