Singapore Ice Cream Market 2024

Description

According to the latest estimates, the ice cream market in Singapore is set to achieve an incremental growth of USD 23.5 million, accelerating at a CAGR of almost 2.7% during the forecast period 2024-2029. 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.

This report presents a detailed overview of the Singapore ice cream industry, including key data on historical market size, growth rates, and future trends. It offers an in-depth analysis of different market segments, paying close attention to factors like type, product type, ingredient, and distribution channel. This detailed analysis supports the identification of growth opportunities within the ice cream industry.

Market Segmentation

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

This report provides a thorough assessment of the Singapore ice cream market, examining the performance of leading players from 2019 to 2023. The analysis offers critical information on market share dynamics, pinpointing dominant incumbents as well as rising challengers. Leveraging this data enables companies to refine their strategies, seize growth opportunities, and sustain competitive advantage in an increasingly dynamic market environment.

Why Buy This Report?

Obtain precise statistical data and forecasts for the Singapore ice cream market.
Develop region-specific strategies and set strategic priorities based on localized data analysis.
Gain deep insights into the dynamics of the Singapore ice cream market.
Identify high-potential investment opportunities by targeting growth sectors and emerging trends.
Anticipate the future trajectory of the Singapore ice cream 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 ice cream market – type analysis
Singapore ice cream market – product type analysis
Singapore ice cream market – ingredient analysis
Singapore ice cream market – distribution channel analysis
Key players and market share
– Unilever PLC
– The Ice Cream & Cookie Co.
– Thai Beverage Public Company Limited (ThaiBev)
– Regal Cream Products Pty. Ltd.
– Nestle S.A.
…
Macroeconomic data and forecast
Disclaimer

FIGURES AND TABLES
Table Singapore ice cream market 2019-2029
Chart Singapore ice cream market, net growth, 2019-2029
Chart Singapore ice cream market, growth rates, 2019-2029
Table Singapore ice cream market by type, 2019-2029
Chart Singapore ice cream market by type, CAGR historic and forecast, 2019-2029
Chart Singapore ice cream market by type, 2019-2029
Table Singapore ice cream market by product type, 2019-2029
Chart Singapore ice cream market by product type, CAGR historic and forecast, 2019-2029
Chart Singapore ice cream market by product type, 2019-2029
Table Singapore ice cream market by ingredient, 2019-2029
Chart Singapore ice cream market by ingredient, CAGR historic and forecast, 2019-2029
Chart Singapore ice cream market by ingredient, 2019-2029
Table Singapore ice cream market by distribution channel, 2019-2029
Chart Singapore ice cream market by distribution channel, CAGR historic and forecast, 2019-2029
Chart Singapore ice cream market by distribution channel, 2019-2029
Table Singapore ice cream market share (%), by companies, 2019-2023
Chart Singapore ice cream market, by companies, 2023
Table Singapore ice cream market share (%), by brands, 2019-2023
Chart Singapore ice cream 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 ice cream market: spend as a proportion of GDP (%)
Table Singapore ice cream market: consumption per capita (population)