Singapore Meat - Market Assessment and Forecasts to 2028
Summary
The Singaporean meat sector is expected to grow from SGD2,302.8 million ($1,714.5 million) in 2023 to SGD2,459.2 million ($1,803.8 million) in 2028, registering a CAGR of 1.3%. In volume terms, the sector is expected to decrease from 172.7 million kg in 2023 to 168 million kg in 2028, declining at a negative CAGR of 0.5%. Chilled raw packaged meat - whole cuts was the largest category in 2023, with value sales of SGD1,159.1 million, while the cooked meats - counter category is forecast to register the fastest value growth at a CAGR of 10.1% during 2023-28. Among the distribution channel food & drinks specialists was the largest distribution channel. Frangosul JBS AVES LTDA, Charoen Pokphand Group, and Porkee Sausage were the top three companies in the Singaporean meat sector.
Scope
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