Singaporean Ice Cream sector accounted for a volume share of 0.07% of the global market and 0.25% of the regional (Asia-Pacific) market in 2016. The sector is forecast to grow at a CAGR of 1.9% during 2016-2021. Rising purchasing power of Singaporeans led by economic growth in the country is driving growth of the Ice Cream sector. Additionally, increasing number of diabetic patients is leading manufacturers to introduce sugar free ice creams variants which are gaining popularity in the country and thus boosting consumption. Per capita consumption of Ice Cream products stood at 2.48kg, compared to the global and Asia-Pacific levels of 3.96kg and 1.66kg, respectively, in 2016.
Artisanal Ice Cream was the largest by value sales in 2016. While Impulse Ice Cream - Single Serve and Take-Home and Bulk Ice Cream markets are expected to register growth at CAGRs of 1.97% and 1.83%, respectively.
On-trade transactions account for a leading share in the distribution of Ice Cream products in Singapore. In 2016, On-trade transactions held a value share of 39.4%, followed by Hypermarkets & Supermarkets. Flexible Packaging is the most commonly used package material in the Singaporean Ice Cream sector. In 2016, it accounted for a share of 53.5%, followed by Rigid Plastics and Paper & Board.
Häagen-Dazs is the leading brand in the Singaporean Ice Cream sector. The top five brands in the sector accounted for a value share of 42.4% in 2016.
The report Country Profile: Ice Cream Sector in Singapore, provides insights on high growth markets to target, trends in the usage of package materials, category level distribution channel data and market share of brands.
In particular, this report provides the following -
Market data: Overall market value and volume data with growth analysis for 2011-2021. The overall market value and volume included in the report is split on the basis of On-trade and Off-trade
Category coverage: Value and growth analysis for Artisanal Ice Cream, Impulse Ice Cream - Single Serve, and Take-Home and Bulk Ice Cream with inputs on individual category share within each market and the change in their market share forecast for 2016-2021
Leading players: Market share of brands and private labels, including private label growth analysis from 2011-2016
Companies mentioned in this report: General Mills, Inc., Unilever, F & N Foods Pte Ltd, Nestle, Dean Foods, Mondelez International, Inc , Andersen`s of Denmark Holdings Pty Ltd.
The Ice Cream sector in Singapore is forecast to grow at 1.9% CAGR in value terms during 2016-2021
Per capita consumption in the Take-Home and Bulk Ice Cream market is noticeably higher compared to other markets in Singapore
On-trade transactions account for the leading share in the distribution of Ice Cream products in Singapore
Artisanal Producers lead the Singaporean Ice Cream sector
Flexible Packaging is the most commonly used package material in the Singaporean Ice Cream sector
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 brand share analysis to plan effective market positioning
Manufacturers can identify the opportunities to position products with H&W attributes/benefits
Access the key and most influential consumer trends driving Ice Cream products consumption, and how they influence consumer behavior in the market which will help determine the best audiences to target
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
The packaging analysis report helps manufacturers, in identifying the most commonly used packaging materials in the sector
Analysis on key macro-economic indicators such as GDP per capita, population (overall and breakdown by age), and consumer price index. It also covers a comparative analysis of political, economic, socio-demographic, and technological indicators (PEST) across 50 countries.