Singapore Ice Cream Market 2024


Market Overview

The ice cream in Singapore market size is projected to grow by USD 23.5 million from 2024 to 2029, registering a CAGR of 2.7 percent, according to the latest market data. Manufacturers in the ice cream industry are continuously innovating by developing new flavors and healthier alternatives, such as low-fat, sugar-free, and plant-based options, catering to the growing demand for diverse and health-conscious products. This product innovation strategy effectively targets health-aware consumers who prefer to avoid traditional high-sugar, high-fat ice creams. Additionally, by introducing limited-edition flavors and unique packaging, brands are able to significantly increase consumer engagement and purchase motivation.

In addition, ice cream brands are strategically leveraging digital marketing and e-commerce to enhance product visibility and consumer reach. Utilizing social media campaigns, influencer partnerships, and robust online sales platforms, brands can conduct more targeted marketing and facilitate easier purchasing processes, thereby elevating consumer satisfaction and loyalty.

The report provides a comprehensive overview of the Singapore ice cream industry, covering a study of the key players operating in the market. It includes an analysis of market segments and sub-segments, taking into consideration factors such as type, product type, ingredient, and distribution channel. By examining these aspects, the report offers valuable insights into the potential of the ice cream industry. Moreover, the report presents statistical information, including market size, market share, growth rate, and forecasts specifically tailored to the ice cream industry. This data-driven analysis equips industry professionals with the necessary information to assess the current market landscape, make well-informed decisions, and identify growth opportunities within the sector.


Market Segmentation

The ice cream market in Singapore is segmented as below:
Type: dairy ice cream, water ice cream, and others (plant based ice cream)
Product type: impulse ice creams, take home ice creams, frozen yogurt, and others
Ingredient: fats and oils, milk, sweeteners, and others
Distribution channel: foodservice channels, convenience and forecourt stores, supermarkets and hypermarkets, small grocery stores, e-commerce, and others

The Singapore ice cream market is segmented on the basis of type, product type, ingredient, and distribution channel. On the basis of type, the ice cream market in Singapore has been segmented into dairy ice cream, water ice cream, and others (plant based ice cream). By product type, the ice cream market in Singapore has been segmented into impulse ice creams, take home ice creams, frozen yogurt, and others. Based on ingredient, the ice cream market in Singapore is categorized into fats and oils, milk, sweeteners, and others. On the basis of distribution channel, the ice cream market in Singapore has been segmented into foodservice channels, convenience and forecourt stores, supermarkets and hypermarkets, small grocery stores, e-commerce, and others.


Competitive Landscape

The Singapore ice cream market is highly competitive. Key companies profiled in the report include Unilever PLC, The Ice Cream & Cookie Co., Thai Beverage Public Company Limited (ThaiBev), Regal Cream Products Pty. Ltd., Nestle S.A., Kind Kones Global Pte. Ltd., General Mills Inc., Binggrae Co. Ltd.

The report is an indispensable tool for companies and organizations operating in the ice cream industry. It offers a comprehensive overview of the market, empowering industry executives, policy makers, academics, and analysts to make well-informed decisions. The report provides valuable insights and analysis, presenting a cohesive and detailed perspective on the ice cream market.


Why Buy This Report?

Provide statistical data or estimations for the Singapore ice cream market
Formulate regional strategies and determine strategic priorities based on local data analysis
Gain a comprehensive understanding of the ice cream market in Singapore
Identify promising investment opportunities by pinpointing growth sectors and emerging trends
Understand what the future of the ice cream market in Singapore looks like
Analyze the competitive landscape and identify the optimal timing for seizing opportunities


Table of Contents

TABLE OF CONTENTS
FIGURES AND TABLES
1. Scope and Methodology
1.1 Key Findings
1.2 Report Scope
1.3 Research Methodology
2. Market Overview
3. Singapore Ice Cream Market – Type Analysis
3.1 Dairy ice cream
3.2 Water ice cream
3.3 Others (plant based ice cream)
4. Singapore Ice Cream Market – Product Type Analysis
4.1 Impulse ice creams
4.2 Take home ice creams
4.3 Frozen yogurt
4.4 Others
5. Singapore Ice Cream Market – Ingredient Analysis
5.1 Fats and oils
5.2 Milk
5.3 Sweeteners
5.4 Others
6. Singapore Ice Cream Market – Distribution Channel Analysis
6.1 Foodservice channels
6.2 Convenience and forecourt stores
6.3 Supermarkets and hypermarkets
6.4 Small grocery stores
6.5 E-commerce
6.6 Others
7. Company Profiles
7.1 Unilever PLC
7.2 The Ice Cream & Cookie Co.
7.3 Thai Beverage Public Company Limited (ThaiBev)
7.4 Regal Cream Products Pty. Ltd.
7.5 Nestle S.A.
7.6 Kind Kones Global Pte. Ltd.
7.7 General Mills, Inc.
7.8 Binggrae Co., Ltd.
DISCLAIMER


Companies Mentioned

Unilever PLC
The Ice Cream & Cookie Co.
Thai Beverage Public Company Limited (ThaiBev)
Regal Cream Products Pty. Ltd.
Nestle S.A.
Kind Kones Global Pte. Ltd.
General Mills, Inc.
Binggrae Co., Ltd.


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