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Snacks in Singapore

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    Report

  • 75 Pages
  • June 2023
  • Region: Singapore
  • Euromonitor International
  • ID: 5567302
Snacks is set to see an increase in retail current value terms in 2023, with similar trends from 2022 persisting. The prevailing high cost of living and price rises will continue to drive current value growth across all snacks categories. In turn, some consumers are continuing to gravitate towards purchasing larger pack sizes to achieve better value for money, while there is a shift by some consumers towards smaller pack sizes at lower prices.

The analyst's Snacks in Singapore report offers in-depth knowledge of the market at a national level, providing local insight and understanding unavailable elsewhere. In addition to the latest retail sales data 2018-2022, it identifies the leading companies, brands and retail outlets, and assesses the key trends and demographic shifts behind consumer demand and sales growth. How key trends such as health and wellness, sustainability and recovery from the pandemic are shaping the market in <|Year|> directly informs our forecasts to 2027, clearly indicating how the market is expected to change.

Product coverage:
Confectionery, Ice Cream, Savoury Snacks, Sweet Biscuits, Snack Bars and Fruit Snacks.

Data coverage:
Market sizes (historic and forecasts), company shares, brand shares and distribution data.

Why buy this report?

  • Get a detailed picture of the Snacks market;
  • Pinpoint growth sectors and identify factors driving change;
  • Understand the competitive environment, the market’s major players and leading brands;
  • Use five-year forecasts to assess how the market is predicted to develop.

Table of Contents

SNACKS IN SINGAPORE
EXECUTIVE SUMMARY
  • Snacks in 2023: The big picture
  • Key trends in 2023
  • Competitive landscape
  • Channel developments
  • What next for snacks?
MARKET DATA
  • Table 1 Sales of Snacks by Category: Volume 2018-2023
  • Table 2 Sales of Snacks by Category: Value 2018-2023
  • Table 3 Sales of Snacks by Category: % Volume Growth 2018-2023
  • Table 4 Sales of Snacks by Category: % Value Growth 2018-2023
  • Table 5 NBO Company Shares of Snacks: % Value 2019-2023
  • Table 6 LBN Brand Shares of Snacks: % Value 2020-2023
  • Table 7 Penetration of Private Label by Category: % Value 2018-2023
  • Table 8 Distribution of Snacks by Format: % Value 2018-2023
  • Table 9 Forecast Sales of Snacks by Category: Volume 2023-2028
  • Table 10 Forecast Sales of Snacks by Category: Value 2023-2028
  • Table 11 Forecast Sales of Snacks by Category: % Volume Growth 2023-2028
  • Table 12 Forecast Sales of Snacks by Category: % Value Growth 2023-2028
DISCLAIMER
SOURCES
  • Summary 1 Research Sources
CHOCOLATE CONFECTIONERY IN SINGAPOREKEY DATA FINDINGS
2023 DEVELOPMENTS
  • Tighter cost management by brands to improve profit margins
  • Higher value growth as brands respond to the growing health and wellness trend
  • Flavours and functional innovations continue as brands compete for consumers
PROSPECTS AND OPPORTUNITIES
  • Uneven growth across categories over the forecast period
  • Plant-based chocolate confectionery offers growth potential
  • Channel distribution shifts as consumer preferences change
CATEGORY DATA
  • Table 13 Sales of Chocolate Confectionery by Category: Volume 2018-2023
  • Table 14 Sales of Chocolate Confectionery by Category: Value 2018-2023
  • Table 15 Sales of Chocolate Confectionery by Category: % Volume Growth 2018-2023
  • Table 16 Sales of Chocolate Confectionery by Category: % Value Growth 2018-2023
  • Table 17 Sales of Chocolate Tablets by Type: % Value 2018-2023
  • Table 18 NBO Company Shares of Chocolate Confectionery: % Value 2019-2023
  • Table 19 LBN Brand Shares of Chocolate Confectionery: % Value 2020-2023
  • Table 20 Distribution of Chocolate Confectionery by Format: % Value 2018-2023
  • Table 21 Forecast Sales of Chocolate Confectionery by Category: Volume 2023-2028
  • Table 22 Forecast Sales of Chocolate Confectionery by Category: Value 2023-2028
  • Table 23 Forecast Sales of Chocolate Confectionery by Category: % Volume Growth 2023-2028
  • Table 24 Forecast Sales of Chocolate Confectionery by Category: % Value Growth 2023-2028
GUM IN SINGAPOREKEY DATA FINDINGSSUGAR CONFECTIONERY IN SINGAPOREKEY DATA FINDINGS
2023 DEVELOPMENTS
  • Growing health and wellness trend challenges retail volumes of sugar confectionery
  • Product innovations increase the appeal of sugar confectionery
PROSPECTS AND OPPORTUNITIES
  • Healthier sugar confectionery offers growth potential
  • Leading players will continue to increase brand visibility and marketing efforts to gain share
  • Sales through specialist confectionery stores and e-commerce to continue growing
CATEGORY DATA
  • Summary 2 Other Sugar Confectionery by Product Type: 2023
  • Table 25 Sales of Sugar Confectionery by Category: Volume 2018-2023
  • Table 26 Sales of Sugar Confectionery by Category: Value 2018-2023
  • Table 27 Sales of Sugar Confectionery by Category: % Volume Growth 2018-2023
  • Table 28 Sales of Sugar Confectionery by Category: % Value Growth 2018-2023
  • Table 29 Sales of Pastilles, Gummies, Jellies and Chews by Type: % Value 2018-2023
  • Table 30 NBO Company Shares of Sugar Confectionery: % Value 2019-2023
  • Table 31 LBN Brand Shares of Sugar Confectionery: % Value 2020-2023
  • Table 32 Distribution of Sugar Confectionery by Format: % Value 2018-2023
  • Table 33 Forecast Sales of Sugar Confectionery by Category: Volume 2023-2028
  • Table 34 Forecast Sales of Sugar Confectionery by Category: Value 2023-2028
  • Table 35 Forecast Sales of Sugar Confectionery by Category: % Volume Growth 2023-2028
  • Table 36 Forecast Sales of Sugar Confectionery by Category: % Value Growth 2023-2028
SWEET BISCUITS, SNACK BARS AND FRUIT SNACKS IN SINGAPOREKEY DATA FINDINGS
2023 DEVELOPMENTS
  • Retail volumes under pressure as inflation reduces consumers’ purchasing power
  • Intense competition within snack bars
  • Indulgence continues to be key to growth in sweet biscuits
PROSPECTS AND OPPORTUNITIES
  • Pushing premiumisation with fortification, on top of protein-ification
  • Higher demand for fruit snacks offering innovation
  • Refocusing on core products within sweet biscuits categories
CATEGORY DATA
  • Table 37 Sales of Sweet Biscuits, Snack Bars and Fruit Snacks by Category: Volume 2018-2023
  • Table 38 Sales of Sweet Biscuits, Snack Bars and Fruit Snacks by Category: Value 2018-2023
  • Table 39 Sales of Sweet Biscuits, Snack Bars and Fruit Snacks by Category: % Volume Growth 2018-2023
  • Table 40 Sales of Sweet Biscuits, Snack Bars and Fruit Snacks by Category: % Value Growth 2018-2023
  • Table 41 NBO Company Shares of Sweet Biscuits, Snack Bars and Fruit Snacks: % Value 2019-2023
  • Table 42 LBN Brand Shares of Sweet Biscuits, Snack Bars and Fruit Snacks: % Value 2020-2023
  • Table 43 NBO Company Shares of Sweet Biscuits: % Value 2019-2023
  • Table 44 LBN Brand Shares of Sweet Biscuits: % Value 2020-2023
  • Table 45 NBO Company Shares of Snack Bars: % Value 2019-2023
  • Table 46 LBN Brand Shares of Snack Bars: % Value 2020-2023
  • Table 47 NBO Company Shares of Fruit Snacks: % Value 2019-2023
  • Table 48 LBN Brand Shares of Fruit Snacks: % Value 2020-2023
  • Table 49 Distribution of Sweet Biscuits, Snack Bars and Fruit Snacks by Format: % Value 2018-2023
  • Table 50 Distribution of Sweet Biscuits by Format: % Value 2018-2023
  • Table 51 Distribution of Snack Bars by Format: % Value 2018-2023
  • Table 52 Distribution of Fruit Snacks by Format: % Value 2018-2023
  • Table 53 Forecast Sales of Sweet Biscuits, Snack Bars and Fruit Snacks by Category: Volume 2023-2028
  • Table 54 Forecast Sales of Sweet Biscuits, Snack Bars and Fruit Snacks by Category: Value 2023-2028
  • Table 55 Forecast Sales of Sweet Biscuits, Snack Bars and Fruit Snacks by Category: % Volume Growth 2023-2028
  • Table 56 Forecast Sales of Sweet Biscuits, Snack Bars and Fruit Snacks by Category: % Value Growth 2023-2028
ICE CREAM IN SINGAPOREKEY DATA FINDINGS
2023 DEVELOPMENTS
  • Bulk dairy ice cream continues to drive sales and growth due to appeal of at-home consumption
  • Consumers’ unwavering brand loyalty amidst price rises for ice cream
  • While hotter summer weather boosts ice cream consumption, brands and retailers face rising energy costs
PROSPECTS AND OPPORTUNITIES
  • Product innovation set to drive strong growth as consumers seek novelty
  • Coolhaus non-animal dairy ice cream leads novel concepts in ice cream
  • Increasing competition for traditional ice cream, with growing popularity of frozen yoghurt and acai sorbet in retail
CATEGORY DATA
  • Table 57 Sales of Ice Cream by Category: Volume 2018-2023
  • Table 58 Sales of Ice Cream by Category: Value 2018-2023
  • Table 59 Sales of Ice Cream by Category: % Volume Growth 2018-2023
  • Table 60 Sales of Ice Cream by Category: % Value Growth 2018-2023
  • Table 61 Sales of Ice Cream by Leading Flavours: Rankings 2018-2023
  • Table 62 Sales of Impulse Ice Cream by Format: % Value 2018-2023
  • Table 63 NBO Company Shares of Ice Cream: % Value 2019-2023
  • Table 64 LBN Brand Shares of Ice Cream: % Value 2020-2023
  • Table 65 NBO Company Shares of Impulse Ice Cream: % Value 2019-2023
  • Table 66 LBN Brand Shares of Impulse Ice Cream: % Value 2020-2023
  • Table 67 NBO Company Shares of Take-home Ice Cream: % Value 2019-2023
  • Table 68 LBN Brand Shares of Take-home Ice Cream: % Value 2020-2023
  • Table 69 Distribution of Ice Cream by Format: % Value 2018-2023
  • Table 70 Forecast Sales of Ice Cream by Category: Volume 2023-2028
  • Table 71 Forecast Sales of Ice Cream by Category: Value 2023-2028
  • Table 72 Forecast Sales of Ice Cream by Category: % Volume Growth 2023-2028
  • Table 73 Forecast Sales of Ice Cream by Category: % Value Growth 2023-2028
SAVOURY SNACKS IN SINGAPOREKEY DATA FINDINGS
2023 DEVELOPMENTS
  • Inflation pushes up unit prices of savoury snacks
  • Growth of healthier products in savoury snacks, with vegetable chips leading the way
  • Demand for higher protein intake increases sales of meat snacks
PROSPECTS AND OPPORTUNITIES
  • Greater polarisation of consumer behaviour likely to be observed in salty snacks
  • Private label players will leverage reputation and affordability to compete
  • Snacking culture continues to drive product innovation
CATEGORY DATA
  • Summary 3 Other Savoury Snacks by Product Type: 2023
  • Table 74 Sales of Savoury Snacks by Category: Volume 2018-2023
  • Table 75 Sales of Savoury Snacks by Category: Value 2018-2023
  • Table 76 Sales of Savoury Snacks by Category: % Volume Growth 2018-2023
  • Table 77 Sales of Savoury Snacks by Category: % Value Growth 2018-2023
  • Table 78 NBO Company Shares of Savoury Snacks: % Value 2019-2023
  • Table 79 LBN Brand Shares of Savoury Snacks: % Value 2020-2023
  • Table 80 Distribution of Savoury Snacks by Format: % Value 2018-2023
  • Table 81 Forecast Sales of Savoury Snacks by Category: Volume 2023-2028
  • Table 82 Forecast Sales of Savoury Snacks by Category: Value 2023-2028
  • Table 83 Forecast Sales of Savoury Snacks by Category: % Volume Growth 2023-2028
  • Table 84 Forecast Sales of Savoury Snacks by Category: % Value Growth 2023-2028