Singapore Beer Market 2024

Description

The latest analysis predicts beer market in Singapore will grow from USD 2,507 million in 2023 to USD 3,788 million by 2029, achieving a CAGR of 7.1 percent, according to the latest edition of the Beer Market in Singapore Report. The emergence of craft breweries has vastly expanded the diversity of flavors within the industry. Whereas mass-produced beers previously dominated the market, consumers can now enjoy products of diverse styles including ales, lagers and specialty offerings possessing complex aromas and tastes. Marketing innovation has also driven changed perceptions by promoting beer as an experiential rather than purely intoxicating beverage. Breweries are developing unique flavors, utilizing artistic packaging designs and hosting social spaces to showcase their products. Beer is increasingly marketed as an accompaniment for food rather than distilled spirits.

This report provides a thorough assessment of the Singapore beer industry, presenting key market data including historical performance, growth trends, and future outlooks. It delves into various market segments and sub-segments, with a focus on important factors like product type, category, packaging, and distribution channel. Through this detailed assessment, the report helps uncover the growth potential of the beer industry.

Market Segmentation

The beer market in Singapore is categorized into the following segments:
Product type: ale, stout, weissbier, lager, non-alcoholic beer
Category: craft beer, regular beer
Packaging: glass bottles, aluminum cans, others
Distribution channel: foodservice channels, convenience stores, supermarkets and hypermarkets, specialty stores, small grocery stores, e-commerce, others

The Singapore beer market is segmented on the basis of product type, category, packaging, and distribution channel. Based on product type, the beer market in Singapore is categorized into ale, stout, weissbier, lager, and non-alcoholic beer. On the basis of category, the beer market in Singapore has been segmented into craft beer, and regular beer. By packaging, the beer market in Singapore has been segmented into glass bottles, aluminum cans, and others. Based upon distribution channel, the beer market in Singapore is also categorized into foodservice channels, convenience stores, supermarkets and hypermarkets, specialty stores, small grocery stores, e-commerce, and others.

Competitive Landscape

The Singapore beer market is highly competitive. As of 2023, the major players in the Singapore beer market were Tsingtao Brewery Co. Ltd., Sapporo Holdings Limited, Privatbrauerei ERDINGER Weisbrau Werner Brombach GmbH, Kirin Holdings Co. Ltd., HITEJINRO CO. LTD., Heineken N.V., Diageo plc, Carlsberg A/S, Boon Rawd Brewery Co. Ltd., Asahi Group Holdings Ltd., AB InBev.

This report provides a comprehensive analysis of the key players in the Singapore beer market, along with their performance from 2019 to 2023. By utilizing this data, businesses can gain a deeper understanding of market dynamics, including shifts in market share, the identification of leading players, and the rise of emerging companies. This information equips firms with a strategic advantage in a competitive landscape, enabling them to refine their market strategies and make informed, long-term decisions.

Why Buy This Report?

Obtain precise statistical data and forecasts for the Singapore beer market.
Develop region-specific strategies and set strategic priorities based on localized data analysis.
Gain deep insights into the dynamics of the Singapore beer market.
Identify high-potential investment opportunities by targeting growth sectors and emerging trends.
Anticipate the future trajectory of the Singapore beer market with informed projections.
Assess the competitive landscape to determine the ideal timing for capitalizing on market opportunities.

Table of Contents

TABLE OF CONTENTS
Key findings
Report scope
Research methodology
Market overviewSingapore beer market – product type analysis
Singapore beer market – category analysis
Singapore beer market – packaging analysis
Singapore beer market – distribution channel analysis
Key players and market share
– Tsingtao Brewery Co., Ltd.
– Sapporo Holdings Limited
– Privatbrauerei ERDINGER Weisbrau Werner Brombach GmbH
– Kirin Holdings Co., Ltd.
– HITEJINRO CO., LTD.
…
Macroeconomic data and forecast
Disclaimer

FIGURES AND TABLES
Table Singapore beer market 2019-2029
Chart Singapore beer market, net growth, 2019-2029
Chart Singapore beer market, growth rates, 2019-2029
Table Singapore beer market by product type, 2019-2029
Chart Singapore beer market by product type, CAGR historic and forecast, 2019-2029
Chart Singapore beer market by product type, 2019-2029
Table Singapore beer market by category, 2019-2029
Chart Singapore beer market by category, CAGR historic and forecast, 2019-2029
Chart Singapore beer market by category, 2019-2029
Table Singapore beer market by packaging, 2019-2029
Chart Singapore beer market by packaging, CAGR historic and forecast, 2019-2029
Chart Singapore beer market by packaging, 2019-2029
Table Singapore beer market by distribution channel, 2019-2029
Chart Singapore beer market by distribution channel, CAGR historic and forecast, 2019-2029
Chart Singapore beer market by distribution channel, 2019-2029
Table Singapore beer market share (%), by companies, 2019-2023
Chart Singapore beer market, by companies, 2023
Table Singapore beer market share (%), by brands, 2019-2023
Chart Singapore beer market, by brands, 2023
Table Singapore – population (millions) and forecast
Table Singapore – consumer price index (CPI) and forecast
Table Singapore – gross domestic product and forecast
Table Singapore beer market: spend as a proportion of GDP (%)
Table Singapore beer market: consumption per capita (population)