Singapore Confectionery Market Analysis (2013 - 2023)

Overview

The data guide on Confectionery provides a complete overview of the market during the period 2010-2018, while the forecast data is provided till 2023. The data guide comprises retail sales, of various categories within Confectionery, such as Sugar Confectionery, and Chocolate, along with their values, volume and channels of distribution. Furthermore, it provides an in-depth analysis of the various segments in the Confectionery market, along with their growth perspective, which is expected to help in venturing into specific growth areas.

This guide helps in making well-informed business decisions, primarily regarding the latest market trends and product developments. Extensive secondary and primary researches/interviews are conducted as a part of the market analysis.

Glimpse of the report

In 2018, the Singapore Confectionery market was valued at 362 SGD Mn, registering at a CAGR of 3.25%. The Chocolate category accounted for the largest market share, while registering an average CAGR of 3.98% since 2010. Cereal Bars is the most preferred segment in the Snack Bars category, followed by the Energy Bars segment. The Sugar Confectionery category has been registering a steady growth of 2.38% in CAGR since 2010, which is expected to continue over the forecast period. Among the distribution channels, the Supermarkets and Hypermarkets channel is preferred the most by the majority of the people in Singapore.

Some of the Key Takeaways

• Cereal Bars was the fastest growing segment in the last five years, with a CAGR of 5.45%.


• Convenience Stores is the second largest distribution channel for the sales of Confectionery in Singapore.


• Liquorice accounts for the smallest share in the Sugar Confectionery category, which is expected to witness a CAGR of 2.95% during the forecast period.