Singapore Meat Substitutes Market Assessment and Forecasts to 2027
Summary
The Singaporean meat substitutes sector was led by soy based category in value and volume terms in 2022. The grain-based category is also forecast to register fastest value and volume growth during 2022–2027. Hypermarkets & supermarkets accounted for the leading share in the distribution of meat substitutes products in the country. Vitasoy International Group, Jia Jia Wang Trading, and Monde Nissin were the top three companies in the Singaporean meat substitutes sector.
Key Highlights
- Per capita expenditure of meat substitutes was higher in Singapore than the regional level in 2022
- The per capita consumption of soy based meat substitutes was higher than other categories in Singapore in 2022
- Hypermarkets & supermarkets is the leading distribution channel in the Singaporean meat substitutes sector
- Vitasoy International Group accounted for a value share of 17.8% in the Singaporean meat substitutes sector, in 2022
- Single cell protein (fungi/algae) is the most consolidated category
GlobalData’s Country Profile report on the meat substitutes sector in Singapore provides insights on high growth markets to target, category level distribution data, and companies market shares.
What else is contained?
- Sector data: Overall sector value and volume data with growth analysis for 2017–27
- Category coverage: Value and growth analysis for grain based, soy based, single cell protein (fungi/algae), and vegetable/plant based proteins with inputs on individual segment share within each category and the change in their market share forecast for 2022–27
- Leading players: Market share of companies (in value terms) in 2022
- Distribution data: Provides analysis on the leading distribution channels, both at a sector and category level in 2022. The consumer sector reports cover the following five distribution channels: hypermarkets & supermarkets, convenience stores, e-retailers, food & drinks specialists, and other general retailers.
- 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
- 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.
- Report Scope
- Executive Summary
- Part 1: Market Environment
- Value and Volume Share of Singapore in the Global and Asia-Pacific Markets Markets
- Growth Analysis of Singapore Compared to Other Leading Countries in the Asia-Pacific Markets Market
- PCC and PCE of Singapore Compared to the Global and Asia-Pacific Markets Markets
- Part 2: Sector Deep Dive
- Singapore Meat substitutes Sector Snapshot
- Market Size Analysis
- Cross-category Comparison -Value Growth Analysis and Category Winners and Losers
- Cross-category Comparison -Volume Growth Analysis and Category Winners and Losers
- Part 3: Category Deep Dive
- Per Capita Consumption Analysis by Category
- Market Size Analysis-Category: Grain-based
- Segment-Level Analysis (in Value & volume Terms) -Grain-based
- Market Size Analysis-Category: Single cell protein (Fungi/Algae)
- Segment-Level Analysis (in Value & Volume Terms) -Single cell protein (Fungi/Algae)
- Market Size Analysis-Category: Soy based
- Segment-Level Analysis (in Value Terms) -Soy based
- Segment-Level Analysis (in Volume Terms) -Soy based
- Market Size Analysis-Category: Vegetable/Plant based proteins
- Segment-Level Analysis (in Value Terms) -Vegetable/Plant based proteins
- Segment-Level Analysis (in Volume Terms) -Vegetable/Plant based proteins
- Part 4: Distribution Analysis
- Channel Share Analysis
- Part 5: Competitive Environment
- Leading Companies Value Share
- Brand Share Analysis of Top Five Companies
- Brand Share Analysis of Top Five Companies by Category
- Degree of Consolidation/Fragmentation by Category
- Part 6: Macroeconomic Analysis
- GDP Growth and Inflation
- Population Growth
- Labor Market Trend
- Economic Summary, Labor Market, and Demographic Trends
- Singapore’s Risk Index (GCRI) 2022
- Singapore’s Risk Analysis -Compared to Global and Asia-Pacific Markets Markets
- Methodology
- Definitions
- Appendix
- List of Tables
- Leading value categories
- Fastest-growing segments (value), 2022
- Cross-category comparison -by value (2017–27)
- Cross-category comparison -by volume (2017–27)
- Per capita consumption (by category), Singapore compared to Asia-Pacific Markets an
- List of Figures
- Value and volume share of Singapore in the global and Asia-Pacific Markets meat substitutes sector, 2022–27
- Singapore compared to other top countries in terms of market share, growth, and competitive landscape
- PCC comparison -Singapore, Asia-Pacific Markets, and global, 2017–27
- PCE comparison -Singapore, Asia-Pacific Markets, and global, 2017–27
- Market size and growth analysis by value and volume, meat substitutes sector, 2017–27
- Cross-category comparison -value growth analysis and category winners and losers
- Cross-category comparison -volume growth analysis and category winners and losers
- Market size and growth analysis by value and volume, grain-based category, 2017–27
- Market size and growth analysis by value and volume, single cell protein (fungi/algae) category, 2017–27
- Market size and growth analysis by value and volume, soy basedcategory, 2017–27
- Market size and growth analysis by value and volume, vegetable/plant based proteins category, 2017–27
- Share of key distribution channels (in value terms)-meat substitutes, 2022
- Key distribution channel share by category (in value terms), 2022
- Leading companies (in value terms) in the meat substitutes sector, 2022
- Category-wise consolidation/fragmentation (in value terms) -meat substitutes, 2022
- Real GDP (SGD billion) and annual growth (%)
- Nominal GDP (SGD billion) and annual growth (%)
- Consumer price inflation (%)
- Nominal household final consumption expenditure growth (%) in SGD terms
- Population (millions) and annual growth (%)
- Population by age group (%)
- Population by gender (%)
- Population by rural-urban split (%)
- Employed people (millions) and unemployment rate (%)
- Economic summary, labor market, and demographic trends
- Five lowest-risk nations in GCRI Q3 2022
- Five highest-risk nations in GCRI Q3 2022
- Singapore’s performance in country risk analysis in comparison to Asia-Pacific Marketsand the world
- List of 95 countries analyzed to identify high-potential countries in different regions
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