Top Growth Opportunities: Dairy & Soy in Singapore

Top Growth Opportunities: Dairy & Soy in Singapore

Summary

Top Growth Opportunities for Dairy & Soy in Singapore provides recommended actions and detailed analysis of how to target the best growth opportunities for Dairy & Soy producers and retailers. Readers can understand what categories, channels, companies, and consumers will drive the success of Dairy & Soy markets in Singapore through GlobalData’s detailed and robust data, expert insight, and case studies.GlobalData’s Top Growth Opportunity reports use a risk versus reward opportunity model to identify the best growth markets for Dairy & Soy producers. Through this in-depth study of market and category dynamics, readers are able to identify key opportunities, and what they need to do in order to target them.Among the top 10 high-potential countries, the Singaporean Dairy & Soy sector ranked seventh on the GlobalData Opportunity Score and was valued at US$857.5 million in 2018. Supported by solid GDP growth of 3.2% in 2018 and continued positive macroeconomic performance, the Singaporean Dairy & Soy sector is poised to witness value growth at a CAGR of 6.0% over 2018-2023. Furthermore, consumer confidence and expenditure has been maintained despite the country being in the crossfire of the US-China Trade War. To counter the effects of this trade war, the Singaporean Government is implementing its Industry 4.0 scheme, to become the leader in technological innovation in the regionGet access to -

• Key consumer demographic groups driving consumption within the Singaporean market. Improve your consumer targeting by understanding who’s driving the market, what they want, and why
• A study of market value and volumes over 2013-2018 for the Singaporean, supplemented with category, brand and packaging analysis that shows the current state of the market, and how it will evolve over the 2018-2023 period
• White space analysis, to pinpoint attractive spaces in the market and the key actions to take
• Insight into the implications behind the data, and analysis of how the consumer needs will evolve in the short-to-medium term future
• Examples of international and regional product innovation targeting key consumer needs

Scope

• The Singaporean economy is experiencing solid growth, driven by steady consumer confidence and . However, this growth is slower than its regional neighbours, in part due to its relatively slow adoption of disruptive technologies compared to other ASEAN countries
• The Singaporean Dairy & Soy sector will register strong value growth of 6.0% CAGR 2018-2023, higher than the 3.9% volume growth forecasted for the same period
• Hypermarkets & Supermarkets accounted for the largest channel in the Singaporean Dairy & Soy sector, whilst simultaneously recording the fastest growth compared to all other channels

Reasons to buy

• This report brings together consumer analysis and market data to provide actionable insight into the behavior of the Singaporean Dairy & Soy consumers.
• This is based on GlobalData's unique consumer data, developed from extensive consumption surveys and consumer group tracking, which quantifies the influence of 20 consumption motivations in the Dairy & Soy sector.
• Category, brand, and packaging dynamics are also examined. This allows product and marketing strategies to be better aligned with the leading trends in the market.