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Dairy in Singapore

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    Report

  • 45 Pages
  • August 2025
  • Region: Singapore
  • MarketLine
  • ID: 2113025
Dairy in Singapore industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume 2019-24, and forecast to 2029). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights

  • Dairy market includes retail sales of milk, cheese, yogurt, dairy-based & soy-based desserts, drinkable yogurt, and others. The scope of others includes butter & spreadable fats, cream, etc. Market is valued according to retail selling price (RSP) and includes any applicable taxes.
  • The Singaporean dairy market recorded revenues of $852.1 million in 2024, representing a compound annual growth rate (CAGR) of 5.4% between 2019-24.
  • Market consumption volume increased with a CAGR of 1.3% between 2019-24, reaching a total of 127.6 million kilograms in 2024.
  • The revenue of the Singaporean dairy market witnessed healthy growth during the review period. This growth was primarily driven by changing consumer eating habits, influenced by a rapidly aging population and evolving lifestyles. As a result, there has been an increasing demand for low-calorie, function-rich dairy products.

Scope

  • Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the dairy market in Singapore
  • Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the dairy market in Singapore
  • Leading company profiles reveal details of key dairy market players’ global operations and financial performance
  • Add weight to presentations and pitches by understanding the future growth prospects of the Singapore dairy market with five year forecasts by both value and volume

Reasons to Buy

  • What was the size of the Singapore dairy market by value in 2024?
  • What will be the size of the Singapore dairy market in 2029?
  • What factors are affecting the strength of competition in the Singapore dairy market?
  • How has the market performed over the last five years?
  • What are the main segments that make up Singapore's dairy market?

Table of Contents

1 Executive Summary
1.1. Market value
1.2. Market value forecast
1.3. Market volume
1.4. Market volume forecast
1.5. Category segmentation
1.6. Geography segmentation
1.7. Market share
1.8. Market rivalry
1.9. Competitive landscape
2 Market Overview
2.1. Market definition
2.2. Market analysis
3 Market Data
3.1. Market value
3.2. Market volume
4 Market Segmentation
4.1. Category segmentation
4.2. Geography segmentation
4.3. Market distribution
5 Market Outlook
5.1. Market value forecast
5.2. Market volume forecast
6 Five Forces Analysis
6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry
7 Competitive Landscape
7.1. Market share
7.2. Who are the leading players in the Singaporean dairy market?
7.3. Which companies have been most successful in increasing their market shares during 2019-24?
7.4. Which companies’ market shares have suffered over the same period?
7.5. What are the most popular brands in the Singaporean dairy market?
8 Company Profiles
8.1. Meiji Holdings Co Ltd
8.2. Malaysia Dairy Industries Pte Ltd
8.3. Nestle SA
8.4. Yakult Honsha Co Ltd
9 Macroeconomic Indicators
9.1. Country data
10 Appendix
10.1. Methodology
10.2. Industry associations
10.3. Related research
10.4. About the Publisher
List of Tables
Table 1: Singapore dairy market value: $ million, 2019-24
Table 2: Singapore dairy market volume: million kilograms, 2019-24
Table 3: Singapore dairy market category segmentation: % share, by value, 2019-24
Table 4: Singapore dairy market category segmentation: $ million, 2019-24
Table 5: Singapore dairy market geography segmentation: $ million, 2024
Table 6: Singapore dairy market distribution: % share, by value, 2024
Table 7: Singapore dairy market value forecast: $ million, 2024-29
Table 8: Singapore dairy market volume forecast: million kilograms, 2024-29
Table 9: Singapore dairy market share: % share, by value, 2024
Table 10: Meiji Holdings Co Ltd: Key Facts
Table 11: Meiji Holdings Co Ltd: Annual Financial Ratios
Table 12: Meiji Holdings Co Ltd: Key Employees
Table 13: Malaysia Dairy Industries Pte Ltd: Key Facts
Table 14: Malaysia Dairy Industries Pte Ltd: Key Employees
Table 15: Nestle SA: Key Facts
Table 16: Nestle SA: Annual Financial Ratios
Table 17: Nestle SA: Key Employees
Table 18: Nestle SA: Key Employees Continued
Table 19: Yakult Honsha Co Ltd: Key Facts
Table 20: Yakult Honsha Co Ltd: Annual Financial Ratios
Table 21: Yakult Honsha Co Ltd: Key Employees
Table 22: Yakult Honsha Co Ltd: Key Employees Continued
Table 23: Singapore Size of Population (Million), 2020-24
Table 24: Singapore Real GDP (Constant 2010 Prices, $ Billion), 2020-24
Table 25: Singapore GDP (Current Prices, $ Billion), 2020-24
Table 26: Singapore Inflation, 2020-24
Table 27: Singapore Consumer Price Index (Absolute), 2020-24
Table 28: Singapore Exchange Rate, 2019-24
List of Figures
Figure 1: Singapore dairy market value: $ million, 2019-24
Figure 2: Singapore dairy market volume: million kilograms, 2019-24
Figure 3: Singapore dairy market category segmentation: $ million, 2019-24
Figure 4: Singapore dairy market geography segmentation: % share, by value, 2024
Figure 5: Singapore dairy market distribution: % share, by value, 2024
Figure 6: Singapore dairy market value forecast: $ million, 2024-29
Figure 7: Singapore dairy market volume forecast: million kilograms, 2024-29
Figure 8: Forces driving competition in the dairy market in Singapore, 2024
Figure 9: Drivers of buyer power in the dairy market in Singapore, 2024
Figure 10: Drivers of supplier power in the dairy market in Singapore, 2024
Figure 11: Factors influencing the likelihood of new entrants in the dairy market in Singapore, 2024
Figure 12: Factors influencing the threat of substitutes in the dairy market in Singapore, 2024
Figure 13: Drivers of degree of rivalry in the dairy market in Singapore, 2024
Figure 14: Singapore dairy market share: % share, by value, 2024

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Meiji Holdings Co Ltd
  • Malaysia Dairy Industries Pte Ltd
  • Nestle SA
  • Yakult Honsha Co Ltd