Dairy in Singapore
Summary
Dairy in Singapore industry profile provides top-line qualitative and quantitative summary information including: market size (value 2018-23, and forecast to 2028). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- The dairy market consists of retail sales of butter & spreadable fats, cheese, cream, dairy-based & soy-based desserts, drinkable yogurt, milk, soymilk & soy drinks, yogurt and fromage frais & quark. The market is valued according to retail selling price (RSP) and includes any applicable taxes. All currency conversions used in the creation of this report have been calculated using constant annual average 2023 exchange rates.
- The Singaporean Dairy market had total revenues of $817.3 million in 2023, representing a compound annual growth rate (CAGR) of 5.4% between 2018 and 2023.
- Market consumption volume increased with a CAGR of 1.9% between 2018 and 2023, to reach a total of 126.8 million kilograms in 2023.
- The performance of the market is forecast to decelerate, with an anticipated CAGR of 2.0% for the five-year period 2023 - 2028, which is expected to drive the market to a value of $903.1 million by the end of 2028.
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the dairy market in Singapore
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the dairy market in Singapore
- Leading company profiles reveal details of key dairy market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Singapore dairy market with five year forecasts
- What was the size of the Singapore dairy market by value in 2023?
- What will be the size of the Singapore dairy market in 2028?
- What factors are affecting the strength of competition in the Singapore dairy market?
- How has the market performed over the last five years?
- What are the main segments that make up Singapore's dairy market?
- 1 Executive Summary
- 1.1. Market value
- 1.2. Market value forecast
- 1.3. Market volume
- 1.4. Market volume forecast
- 1.5. Category segmentation
- 1.6. Geography segmentation
- 1.7. Market share
- 1.8. Market rivalry
- 1.9. Competitive landscape
- 2 Market Overview
- 2.1. Market definition
- 2.2. Market analysis
- 3 Market Data
- 3.1. Market value
- 3.2. Market volume
- 4 Market Segmentation
- 4.1. Category segmentation
- 4.2. Geography segmentation
- 4.3. Market distribution
- 5 Market Outlook
- 5.1. Market value forecast
- 5.2. Market volume forecast
- 6 Five Forces Analysis
- 6.1. Summary
- 6.2. Buyer power
- 6.3. Supplier power
- 6.4. New entrants
- 6.5. Threat of substitutes
- 6.6. Degree of rivalry
- 7 Competitive Landscape
- 7.1. Market share
- 7.2. Who are the leading players in the Singaporean dairy market?
- 7.3. Which companies have been most successful in increasing their market shares in the last 5 years (2018-2023)?
- 7.4. Which companies’ market shares have suffered over the same period?
- 7.5. What are the most popular brands in the Singaporean dairy market?
- 8 Company Profiles
- 8.1. Meiji Holdings Co, Ltd.
- 8.2. Malaysia Dairy Industries Pte Ltd
- 8.3. Fraser and Neave Ltd
- 8.4. Yakult Honsha Co., Ltd.
- 9 Macroeconomic Indicators
- 9.1. Country data
- 10 Appendix
- 10.1. Methodology
- 10.2. Industry associations
- 10.3. Related MarketLine research
- 10.4. About MarketLine
- List of Tables
- Table 1: Singapore dairy market value: $ million, 2018-23
- Table 2: Singapore dairy market volume: million kilograms, 2018-23
- Table 3: Singapore dairy market category segmentation: % share, by value, 2018-2023
- Table 4: Singapore dairy market category segmentation: $ million, 2018-2023
- Table 5: Singapore dairy market geography segmentation: $ million, 2023
- Table 6: Singapore dairy market distribution: % share, by value, 2023
- Table 7: Singapore dairy market value forecast: $ million, 2023-28
- Table 8: Singapore dairy market volume forecast: million kilograms, 2023-28
- Table 9: Singapore dairy market share: % share, by value, 2023
- Table 10: Meiji Holdings Co, Ltd.: key facts
- Table 11: Meiji Holdings Co, Ltd.: Annual Financial Ratios
- Table 12: Meiji Holdings Co, Ltd.: Key Employees
- Table 13: Malaysia Dairy Industries Pte Ltd: key facts
- Table 14: Malaysia Dairy Industries Pte Ltd: Key Employees
- Table 15: Fraser and Neave Ltd: key facts
- Table 16: Fraser and Neave Ltd: Annual Financial Ratios
- Table 17: Fraser and Neave Ltd: Key Employees
- Table 18: Yakult Honsha Co., Ltd.: key facts
- Table 19: Yakult Honsha Co., Ltd.: Annual Financial Ratios
- Table 20: Yakult Honsha Co., Ltd.: Key Employees
- Table 21: Yakult Honsha Co., Ltd.: Key Employees Continued
- Table 22: Singapore size of population (million), 2019-23
- Table 23: Singapore real gdp (constant 2010 prices, $ billion), 2019-23
- Table 24: Singapore gdp (current prices, $ billion), 2019-23
- Table 25: Singapore inflation, 2019-23
- Table 26: Singapore consumer price index (absolute), 2019-23
- Table 27: Singapore exchange rate, 2018-23
- List of Figures
- Figure 1: Singapore dairy market value: $ million, 2018-23
- Figure 2: Singapore dairy market volume: million kilograms, 2018-23
- Figure 3: Singapore dairy market category segmentation: $ million, 2018-2023
- Figure 4: Singapore dairy market geography segmentation: % share, by value, 2023
- Figure 5: Singapore dairy market distribution: % share, by value, 2023
- Figure 6: Singapore dairy market value forecast: $ million, 2023-28
- Figure 7: Singapore dairy market volume forecast: million kilograms, 2023-28
- Figure 8: Forces driving competition in the dairy market in Singapore, 2023
- Figure 9: Drivers of buyer power in the dairy market in Singapore, 2023
- Figure 10: Drivers of supplier power in the dairy market in Singapore, 2023
- Figure 11: Factors influencing the likelihood of new entrants in the dairy market in Singapore, 2023
- Figure 12: Factors influencing the threat of substitutes in the dairy market in Singapore, 2023
- Figure 13: Drivers of degree of rivalry in the dairy market in Singapore, 2023
- Figure 14: Singapore dairy market share: % share, by value, 2023
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