Singapore Baby Food Market Size by Categories, Distribution Channel, Market Share and Forecast, 2022-2027

Singapore Baby Food Market Size by Categories, Distribution Channel, Market Share and Forecast, 2022-2027

Summary

“Singapore Baby Food Market Size by Categories, Distribution Channel, Market Share and Forecast, 2022-2027” is an analytical report by GlobalData which provides extensive and highly detailed current and future market trends in the Singaporean market.

The number of live births in Singapore stood at 38,700 in 2021. This is anticipated to increase by 1.5% during 2021-27. The crude birth rate decreased from 1.24 in 2015 to 1.12 in 2021. The GDP of Singapore grew by 6.9% in 2021 primarily owing to the successful COVID-19 vaccination campaigns, while consumer price inflation stood at 2.3%. Overall growth in value terms has increased slightly in recent years with the sector registering a CAGR of 0.1% during 2015-21. However, in volume terms, sales fell in 2021, with the sector registering a negative CAGR of 0.7%. Baby milks remained by far the largest category in value terms with over 86.5% of the baby food sector, followed by baby wet meals & other. Abbott Laboratories, Nestlé, and Mead Johnson (Reckitt Benckiser) were the top three companies in 2021. In 2021, Abbott Laboratories remained the overall leader in the baby food sector. Hypermarkets & supermarkets remained the leading distribution channel accounting for over 60.2% of overall value sales in 2021. GlobalData estimates that the number of live births will increase slightly over the forecast period in Singapore. Consequently, the market for baby food in the country is expected to increase in volume terms during 2021-27, registering a CAGR of 0.8%.

What else does this report offer?

• Consumption data based upon a unique combination of industry research, fieldwork, market sizing work and our in-house expertise to offer extensive data about the trends and dynamics affecting the industry.
• Detailed profile of the companies operating and new companies considering entry in the industry along with their key focus product sectors.
• Market profile of the various product sectors with the key features & developments, segmentation, per capita trends and the various manufacturers & brands.
• Overview of baby food retailing with a mention of the major retailers in the country along with the distribution channel.
• Future projections considering various trends which are likely to affect the industry.

• Value sales of baby milks decreased from SGD194 million ($141.1 million) in 2015 to SGD191.1 million ($142.2 million) in 2021, registering a negative CAGR of 0.3% during 2015-21.
• Volume sales of the baby cereals & dry meals category fell from 0.55 million kg in 2015 to 0.5 million kg in 2021, contracting at a negative CAGR of 1.5% during 2015-21.
• Value sales of the baby wet meals & other category grew from SGD11.3 million ($8.2 million) in 2015 to SGD14.5 million ($10.8 million) in 2021, posting a CAGR of 4.1% during 2015-21.
• In volume terms, the baby finger food category grew slightly from 0.035 million kg in 2015 to 0.036 million kg in 2021, registering a negative CAGR of 0.7%.
• During 2015-21, per capita expenditure on baby drinks increased by 37.3% in current price terms and by 33% in constant price terms.

• Evaluate important changes in consumer behavior and identify profitable markets and areas for product innovation.
• Analyse current and forecast behavior trends in each category to identify the best opportunities to exploit.
• Detailed understanding of consumption by individual product categories in order to align your sales and marketing efforts with the latest trends in the market.
• Investigates which categories are performing the best and how this is changing market dynamics.