Singapore Dairy Products Market Analysis (2013 - 2023)

This data guide on Dairy Products provides a complete overview of the market during the period 2010-2018, while the forecast data is provided till 2023. The data guide comprises retail sales, of various categories within Dairy Products, such as Milk, Drinkable Yogurt, Butter, Yogurt, Cream, and Cheese, along with their values, volume and channels of distribution. Furthermore, it provides an in-depth analysis of the various segments in the Dairy Products market, along with their growth perspective, which is expected to help in venturing into specific growth areas.

This guide helps in making well-informed business decisions, primarily regarding the latest market trends and product developments. Extensive secondary and primary researches/interviews are conducted as a part of the market analysis.

In 2018, the Singapore Dairy Products market was valued at 811 SGD Mn, registering a CAGR of 3.3%. The Milk category accounted for the largest market share, while registering an average CAGR of 3.2% since 2010. Flavored & Fruit Yogurt is the most preferred segment in the Yogurt category, followed by the Plain Yogurt segment. The Cream category has been registering a steady growth of 2.2% in CAGR since 2010, which is expected to continue over the forecast period. Among the distribution channels, the Supermarkets and Hypermarkets channel is preferred the most by majority of the people in Singapore.

Some of the Key Takeaways

Canned Desserts constitute the leading segment in Dairy Desserts category which has a per capita consumption of 0.4133 Kg in 2018.
Singapore Dairy Products sales through Department Stores channel recorded an impressive CAGR of 5.78% during 2010-2018.
Flavored & Fruit Yogurt segment volume sales are witnessing the fastest growth in the Yogurt category.