Report cover image

Singapore Baby Food Market Size by Categories, Distribution Channel, Market Share and Forecast, 2022-2027

Publisher GlobalData
Published Oct 26, 2022
Length 136 Pages
SKU # GBDT17567903

Description

Singapore Baby Food Market Size by Categories, Distribution Channel, Market Share and Forecast, 2022-2027

Summary

“Singapore Baby Food Market Size by Categories, Distribution Channel, Market Share and Forecast, 2022-2027” is an analytical report by GlobalData which provides extensive and highly detailed current and future market trends in the Singaporean market.

The number of live births in Singapore stood at 38,700 in 2021. This is anticipated to increase by 1.5% during 2021-27. The crude birth rate decreased from 1.24 in 2015 to 1.12 in 2021. The GDP of Singapore grew by 6.9% in 2021 primarily owing to the successful COVID-19 vaccination campaigns, while consumer price inflation stood at 2.3%. Overall growth in value terms has increased slightly in recent years with the sector registering a CAGR of 0.1% during 2015-21. However, in volume terms, sales fell in 2021, with the sector registering a negative CAGR of 0.7%. Baby milks remained by far the largest category in value terms with over 86.5% of the baby food sector, followed by baby wet meals & other. Abbott Laboratories, Nestlé, and Mead Johnson (Reckitt Benckiser) were the top three companies in 2021. In 2021, Abbott Laboratories remained the overall leader in the baby food sector. Hypermarkets & supermarkets remained the leading distribution channel accounting for over 60.2% of overall value sales in 2021. GlobalData estimates that the number of live births will increase slightly over the forecast period in Singapore. Consequently, the market for baby food in the country is expected to increase in volume terms during 2021-27, registering a CAGR of 0.8%.

What else does this report offer?
  • Consumption data based upon a unique combination of industry research, fieldwork, market sizing work and our in-house expertise to offer extensive data about the trends and dynamics affecting the industry.
  • Detailed profile of the companies operating and new companies considering entry in the industry along with their key focus product sectors.
  • Market profile of the various product sectors with the key features & developments, segmentation, per capita trends and the various manufacturers & brands.
  • Overview of baby food retailing with a mention of the major retailers in the country along with the distribution channel.
  • Future projections considering various trends which are likely to affect the industry.
Scope
  • Value sales of baby milks decreased from SGD194 million ($141.1 million) in 2015 to SGD191.1 million ($142.2 million) in 2021, registering a negative CAGR of 0.3% during 2015-21.
  • Volume sales of the baby cereals & dry meals category fell from 0.55 million kg in 2015 to 0.5 million kg in 2021, contracting at a negative CAGR of 1.5% during 2015-21.
  • Value sales of the baby wet meals & other category grew from SGD11.3 million ($8.2 million) in 2015 to SGD14.5 million ($10.8 million) in 2021, posting a CAGR of 4.1% during 2015-21.
  • In volume terms, the baby finger food category grew slightly from 0.035 million kg in 2015 to 0.036 million kg in 2021, registering a negative CAGR of 0.7%.
  • During 2015-21, per capita expenditure on baby drinks increased by 37.3% in current price terms and by 33% in constant price terms.
Reasons to Buy
  • Evaluate important changes in consumer behavior and identify profitable markets and areas for product innovation.
  • Analyse current and forecast behavior trends in each category to identify the best opportunities to exploit.
  • Detailed understanding of consumption by individual product categories in order to align your sales and marketing efforts with the latest trends in the market.
  • Investigates which categories are performing the best and how this is changing market dynamics.

Table of Contents

136 Pages
  • Introduction
  • Executive Summary
    • Value and Volume Growth Analysis by Region
    • Growth Analysis of Singapore Compared with Other Leading Countries in the Asia-Pacific Market
    • PCC and PCE of Singapore Compared with Global and Asia-Pacific Markets
    • Births - Live Birth Rates
    • Births - Incentives for Childbirth
    • The Consumer
    • Sociodemographic Trends
    • Working Women
    • Working Women - Legislation
    • Breastfeeding Trends - Promotion
    • Breastfeeding Trends - Prevalence
    • Breastfeeding Trends - Duration
    • Singapore Baby Food Sector Snapshot
    • Market Size Analysis
    • Manufacturer Shares
    • Baby Milks
    • Baby Cereals & Dry Meals
    • Baby Wet Meals & Other
    • Baby Finger Food
    • Baby Drinks
    • Imports
    • Trends in Imports
    • Imports
    • Exports
    • Trends in Exports
    • Channel Share Analysis
    • Baby Food Retailing
    • GDP Growth and Inflation
    • Future Trends
    • Definitions - Category
    • Definitions - Terminology
    • Appendix - The Baby Population: The baby population will increase by 0.7% during 2021- 27
    • Appendix - Sector Value: In 2021, the market's value sales amounted to $164.3 million, of which milks accounted for $142.2 million
    • Appendix - Sector Value: In constant price terms, sales decreased by 2.3% during 2015-21
    • Appendix - Sector Volume: Baby food consumption amounted to 4.27 million kg in 2021
    • Appendix - Per Capita Expenditure: In 2021, expenditure per baby aged 0-36 months stood at $1,410.1
    • Appendix - Per Capita Expenditure: Spending in real terms rose by 4% during 2015-21
    • Appendix - Per Capita Consumption: Intake per baby aged 0-3 years was 36.6kg in 2021
    • Appendix - Milks: In 2021, growing-on milk was the largest segment, accounting for 50.1% of value sales in the milks category
    • Appendix - Value Forecasts: During 2021-27, the market is expected to increase by 21.4%
    • Appendix - Value Forecasts: Value sales in constant terms are set to reach SGD225.2 million ($172.7 million) in 2027
    • Appendix - Volume Forecasts: Consumption of baby food is forecast to reach 4.48 million kg in 2027
    • Appendix - Per Capita Forecasts: Per capita expenditure is expected to reach $1,699.7 per baby in 2027
    • Appendix - Per Capita Forecasts: In constant terms, per capita expenditure is projected to reach SGD1,918.6 ($1,470.7) in 2027
    • Appendix - Per Capita Forecasts: Intake per baby aged 0-3 years is anticipated to reach 38.2kg in 2027
    • Appendix - Exchange Rates (LCU per $)
    • Appendix - Store checks: A total of 276 SKUs were recorded by GlobalData, with the baby milks category making up the largest proportion
    • Summary Methodology
    • About GlobalData

Pricing

Currency Rates
How Do Licenses Work?

How Do Licenses Work?

The primary function of a report license is to define how many people within a company are authorized to use the purchased report. This is separate to how a report might be delivered. Unless specifically identified otherwise, the purchase option is Single User. Below is a helpful description of that license, along with a sampling of others most commonly offered.

  • This license allows only one user to have access to and to use/read the report. It is not one user at a time or one user group; it is an individual who will be reading and utilizing the report.

  • This license allows for the entire purchasing company to read and use the report. This is the license level that would allow for a report to be placed on an internal company shared drive for access by all employees of that direct company. This license does not extend to parent or sister company use.

  • This license is designed to allow an entire department within a company full access to a report. The departmental license is a great option for companies that have more than one location and the department is spread out all over the country/world

  • This license is for companies that have one location where they want the report to be accessible by all employees within that physical location.

  • This is the most flexible of the licensing options. Some publishers will allow you to get a license for a preset number of people (typically 5). These licenses are ideal for small work groups.

License options are at the discretion of each publisher. As such, not all licenses indicated above are available for every product. If you are uncertain of the best license for your needs or would like a license that is not proactively available, please contact us and we will be happy to assist.

Head shot

Questions or Comments?

Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.
Chat Now
Contact Us