Singapore Spirits - Market Assessment and Forecasts to 2027

Singapore Spirits - Market Assessment and Forecasts to 2027


Summary

GlobalData’s Country Profile report on the spirits sector in Singapore provides insights on high growth markets to target, category level distribution data, and companies market shares.

The Singaporean spirits sector is led by the whiskey category in both value and volume terms during 2022. The vodka category is forecast to register the fastest value and volume growth during 2022–27. Food & drinks specialists is the leading channel for the distribution of spirits in the country. Glass is the most commonly used pack material in the Singaporean spirits sector. Pernod Ricard Group, Bacardi Limited, and Edrington Group Limited are the top three companies in the Singaporean spirits sector.

What else is contained?
  • Sector data: Overall sector value and volume data with growth analysis for 2017–27
  • Category and Segment Coverage: The report offers an overview of growth at a sector level and provides analysis of nine categories: brandy, flavored alcoholic beverages, gin & genever, liqueurs, rum, specialty spirits, tequila & mezcal, vodka and whiskey. These categories are analyzed by value, volume, and CAGR for the 2017–27 period. The overall market value and volume included in the report is split based on on-trade and off-trade. The analysis also includes the per capita consumption of spirits in Singapore, by category, compared to the North America and global markets. The section also includes value and volume analysis of segments under each category for the 2017–27 period.
  • Leading players: Market share of companies (in volume 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 distribution channels: cash & carries and warehouse clubs, convenience stores, department stores, e-retailers, on-trade, hypermarkets & supermarkets, food & drinks specialists, and other general retailers.
  • Packaging: The report provides a percentage share (in 2022) and growth analysis (for 2017–27) of various pack materials, pack types, closure types, and primary outer types used in Singapore spirit’s sector. The analysis is at both the sector and category level and is based on the volume sales (by pack units) of spirits in the country.
Scope
  • Per capita expenditure of spirits in Singapore was higher than both the global and the regional levels in 2022
  • HFood & drinks specialists is the leading distribution channel in the Singaporean spirits sector, with a volume share of 59.1% in 2022
  • Whiskey was the largest category in 2022, with value sales of SGD969.3 million ($721.5 million)
  • In Singapore, the consumption of spirits is higher among males than females.
Reasons to Buy
  • 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 Market
Growth Analysis of Singapore Compared to Other Leading Countries in the Asia-Pacific Market
PCC and PCE of Singapore Compared to Global and Asia-Pacific Market
Part 2: Sector Deep Dive
Singapore Spirits 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: Brandy
Segment-level Analysis (in Value Terms) – Brandy
Segment-level Analysis (in Volume Terms) – Brandy
Market Size Analysis – Category: Flavored Alcoholic Beverages
Segment-level Analysis (in Value Terms) – Flavored Alcoholic Beverages
Segment-level Analysis (in Volume Terms) – Flavored Alcoholic Beverages
Market Size Analysis – Category: Gin & Genever
Market Size Analysis – Category: Liqueurs
Segment-level Analysis (in Value Terms) –Liqueurs
Segment-level Analysis (in Volume Terms) – Liqueurs
Market Size Analysis – Category: Rum
Segment-level Analysis (in Value Terms) – Rum
Segment-level Analysis (in Volume Terms) – Rum
Market Size Analysis – Category: Specialty Spirits
Segment-level Analysis (in Value Terms) – Specialty Spirits
Segment-level Analysis (in Volume Terms) – Specialty Spirits
Market Size Analysis – Category: Tequila & Mezcal
Market Size Analysis – Category: Vodka
Segment-level Analysis (in Value Terms) – Vodka
Segment-level Analysis (in Volume Terms) – Vodka
Market Size Analysis – Category: Whiskey
Segment-level Analysis (in Value Terms) – Whiskey
Segment-level Analysis (in Volume Terms) – Whiskey
Part 4: Distribution Analysis
Channel Share Analysis
Part 5: Competitive Environment
Leading Companies Volume 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: Packaging Analysis
Pack Material Growth Analysis
Pack Type Growth Analysis
Closure Type Growth Analysis
Primary Outer Type Growth Analysis
Part 7: Consumergraphics
Demographic Analysis
Part 8: Macroeconomic Analysis
GDP Growth and inflation
Population Growth
Labor Market Trend
Economic Summary, Labor Market Trends, and Demographic Trends
Singapore Standing in Global Country Risk index (GCRI) Q3 2022
Singapore Risk Analysis – Compared to Global and Asia-Pacific Markets
Methodology
Definitions
Appendix
List of Tables
Value and Volume Share of Singapore in the Global and Asia-Pacific Spirits Sector, 2022–27
Singapore Compared to Other Leading Countries in Terms of Market Share, Growth, and the Competitive Landscape
PCC Comparison – Singapore, Asia-Pacific, and Global, 2017–27
PCE Comparison – Singapore, Asia-Pacific, and Global, 2017–2027
Market Size and Growth Analysis by Value and Volume, Spirits 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, Brandy Category, 2017–27
Market Size and Growth Analysis by Value and Volume, Flavored Alcoholic Beverages Category, 2017–27
Market Size and Growth Analysis by Value and Volume, Gin & Genever Category, 2017–27
Market Size and Growth Analysis by Value and Volume, Liqueurs Category, 2017–27
Market Size and Growth Analysis by Value and Volume, Rum Category, 2017–27
Market Size and Growth Analysis by Value and Volume, Specialty Spirits Category, 2017–27
Market Size and Growth Analysis by Value and Volume, Tequila & Mezcal Category, 2017–27
Market Size and Growth Analysis by Value and Volume, Vodka Category, 2017–27
Market Size and Growth Analysis by Value and Volume, Whiskey Category, 2017–27
Share of Key Distribution Channels (in Volume Terms) – Spirits, 2022
Key Distribution Channel Share by Category (in Volume Terms), 2022
Leading Companies (in Volume Terms) in the Spirits Sector, 2022
Category-level Consolidation/Fragmentation (in Volume Terms) – Spirits, 2022
Key Pack Materials in the Singaporean Spirits Sector, Percentage Share of Pack Units, 2022
Annual Growth Rate by Key Pack Material, 2017–27
Use of Pack Material by Category (in Pack Units), 2022
Key Pack Types in the Singaporean Spirits Sector, Percentage Share of Pack Units, 2022
Annual Growth Rate by Key Pack Type, 2017–27
Use of Pack Type by Category (in Pack Units), 2022
Key Closure Types in the Singaporean Spirits Sector, Percentage Share of Pack Units, 2022
Annual Growth Rate by Key Closure Type, 2017–27
Use of Closure Type by Category (in Pack Units), 2022
Key Primary Outer Types in the Singaporean Spirits Sector, Percentage Share of Pack Units, 2022
Annual Growth Rate by Key Primary Outer Type, 2017–27
Use of Primary Outer Type by Category (in Pack Units), 2022
Demographic Analysis
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 (Million) and Annual Growth (%)
Population by Age Group (%)
Population by Gender (%)
Population by Rural-urban Split (%)
Employed People (Million) and Unemployment Rate (%)
Five Lowest-risk Nations in GCRI Q3 2022
Five Highest-risk Nations in GCRI Q3 2022
Singapore Performance in Country Risk Analysis in Comparison to Asia-Pacific and the World
List of 103 Countries Analyzed to Identify the High-potential Countries in Different Regions
List of Figures
Leading Value Categories (Value), 2022
Fastest-growing Segments (Value), 2022
Cross-category Comparison – by Value (2017–2027)
Cross-category Comparison – by Volume (2017–22)
Per Capita Consumption (by Category), Singapore Compared to Asia-Pacific and Global Levels (in Liters), 2022
Brandy – Value Analysis by Segment, 2017–22
Brandy – Volume Analysis by Segment, 2017–22
Flavored Alcoholic Beverages – Value Analysis by Segment, 2017–22
Flavored Alcoholic Beverages – Volume Analysis by Segment, 2017–22
Liqueurs – Value Analysis by Segment, 2017–22
Liqueurs– Volume Analysis by Segment, 2017–22
Rum – Value Analysis by Segment, 2017–22
Rum – Volume Analysis by Segment, 2017–22
Specialty Spirits – Value Analysis by Segment, 2017–22
Specialty Spirits – Volume Analysis by Segment, 2017–22
Vodka – Value Analysis by Segment, 2017–22
Vodka – Volume Analysis by Segment, 2017–22
Whiskey – Value Analysis by Segment, 2017–22
Whiskey – Volume Analysis by Segment, 2017–22
Change in Distribution Share, 2017–22
Top Five Companies Share by Brand (in Volume Terms) in the Spirits Sector, 2022
Brand Shares of Top Five Companies (in Volume Terms) by Category, 2022
Performance Overview (Score: 1–100)
Category Data, by Segment
Category Data, by On-trade and Off-trade
Per Capita Consumption (in Liters), 2017–22
Per Capita Expenditure ($), 2017–22
Spirits Distribution in Singapore – by Category (SGD Million), 2022
Brand Share (in Volume Terms) in the Spirits Sector, 2022
Brand Share (in Volume Terms) in the Spirits Sector, by Category, 2022
Pack Material (in Million Pack Units), 2022–2026
Pack Materials by Category (in Million Pack Units), 2022
Pack Type (in Million Pack Units), 2017–22
Pack Types by Category (in Million Pack Units), 2022
Closure Type (in Million Pack Units), 2017–22
Closure Types by Category (in Million Pack Units), 2022
Primary Outer Type (in Million Pack Units), 2017–22
Primary Outer Types by Category (in Million Pack Units), 2022
Real GDP and Annual Growth (%), 2019–2027
Nominal GDP and Annual Growth (%), 2019–2027
Consumer Price Inflation (%), 2019–2027
Employed People and Unemployment Rate (%), 2019–20276
Nominal Household Final Consumption Expenditure and Annual Growth (%), 2019–2027
Population and Annual Growth (%), 2019–2027
Population by Age Group (%)
Population by Gender (%)
Population by Rural-urban Split (%)

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