Singapore Meat Market Opportunities, Trends, Growth Analysis and Forecast to 2027

Singapore Meat Market Opportunities, Trends, Growth Analysis and Forecast to 2027
Summary

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

The Singaporean meat sector was led by the Chilled raw packaged meat whole cuts in value terms and in volume terms in 2022. Furthermore, the chilled raw packaged meat whole cuts category is forecast to register fastest value growth during 2022-27, while Chilled raw packaged meat processed is poised to register the fastest volume growth during the same period. Hypermarkets & supermarkets was the leading distribution channel and rigid plastics packaging was the most used pack material in the sector. Frangosul S.A. Agro Avícola Indústrial, Porkee Sausage, and QAF Limited are the top three companies in the Singaporean meat sector.

What else is contained?Sector data: Overall sector value and volume data with growth analysis for 2017–27Category coverage: Value and growth analysis of ambient meat, chilled raw packaged meat processed, chilled raw packaged meat whole cuts, cooked meats counter, cooked meats packaged, fresh meat ( and frozen meat) with inputs on individual segment share within each category and the change in their market share forecast for 2022–27Leading players: Market share of companies (in value and volume terms) in 2022Distribution data: Provides analysis on the leading distribution channels, both at a sector and category level in 2022. The consumer sector reports cover the following 11 distribution channels: cash & carries and warehouse clubs, convenience stores, department stores, “dollar stores”, variety stores & general merchandise retailers, e-retailers, hypermarkets & supermarkets, food & drinks specialists, and other general retailers.Health & Wellness Analysis: Provides analysis on the value of health wellness claims by category in the Singaporean meat sector for the 2017 22 period The analysis includes the key healthwellness attributes and consumer benefits driving the sales of meat market in Singapore in 2022Packaging: The report provides percentage share (in 2022 and growth analysis (for 2017 2027) of various pack materials, pack types, closure types, and primary outer types used in the Singapore meat sector. The analysis is at both the sector and category level and is based on the volume sales (by pack kg) of meat in the countryScopePer capita expenditure of meat was higher in Singapore than both the global and regional levels in 2022Hypermarkets & supermarkets was the leading distribution channel in the Singaporean meat sector, with a value share of 80% in 2022Private labels accounted for a value share of 3.4% in the overall Singaporean meat sector in 2022Chilled raw packaged meat whole cuts was the largest category with value sales of SGD1.244.2 million ($902.4 million) in 2022.In Singapore, consumption of meat market is higher among males than females.Reasons to BuyIdentify high potential categories and explore further market opportunities based on detailed value and volume analysisExisting and new players can analyze key distribution channels to identify and evaluate trends and opportunitiesGain an understanding of the total competitive landscape based on detailed company share analysis to plan effective market positioningOur 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 expansionAnalysis 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.