Singapore's food and drink industry will show modest growth over 2016. The food industry is mature and has limited growth opportunities, but high levels of spending will continue to prop up the industry. The d rinks industry will remain slow- paced; we expect health consciousness trends to drive growth in the bottled water and wine categories. Singapore's mass grocery retail sector will experience growth that will be driven by the hypermarket segment as consumers seek convenient retail formats.
Latest Updates & Industry Developments
Food sales (local currency) growth y-o-y in 2016 +4.9%; compound annual growth rate (CAGR) 2015-2020: +5.5%.
Non-alcoholic drinks value (local currency) sales growth (y-o-y) in 2016 +4.5%; compound annual growth rate (CAGR) 2015-2020: +5.2%.
Full Report Details at
Sparkling wine is set to outperform in terms of volumes, driving growth in the wine category.
Convenience drives consumer preferences in Singapore, thus driving the increasing popularity of forecourt convenience stores.
The Singapore Food & Drink Report features BMI Research's market assessment and independent forecasts for food and drink expenditure, consumption, sales, and imports/exports and forecasts for the mass grocery retail sector. The report also includes analyses of major regulatory developments, the background macroeconomic outlook and competitive landscape comparing national and multinational companies by leading products and services, sales, investments, partners and expansion strategies.
BMI'sSingapore Food & Drink Report provides industry professionals and strategists, sector analysts, business investors, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the food and drink industry and the mass grocery retail market in Singapore.
Benchmark BMI's independent food and drink industry forecasts for Singapore to test other views - a key input for successful budgeting and strategic business planning in the Singaporean food and drink market.
Target business opportunities and risks in Singapore through our reviews of latest industry trends, regulatory changes and major deals, projects and investments.
Exploit latest competitive intelligence on your competitors, partners and clients via our Company Profiles (inc. SWOTs, KPIs and latest activity) and Competitive Landscape Tables.
BMI Industry View
Summary of BMI’s key industry forecasts and views, covering food and drink manufacturing and consumption and the mass grocery retail market.
Industry SWOT Analysis
Analysis of the major strengths, weaknesses, opportunities and threats within the food, drink and mass grocery retail sectors and within the broader political, economic and business environment.
BMI’s Food and Drink Risk Reward Index
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New Market Research Report: Singapore Food & Drink Report Q2 2016
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