The Singaporean meat sector is expected to grow from SGD2,302.8 million ($1,714.5 million) in 2023 to SGD2,459.2 million ($1,803.8 million) in 2028, registering a CAGR of 1.3%. In volume terms, the sector is expected to decrease from 172.7 million kg in 2023 to 168 million kg in 2028, declining at a negative CAGR of 0.5%. Chilled raw packaged meat - whole cuts was the largest category in 2023, with value sales of SGD1,159.1 million, while the cooked meats - counter category is forecast to register the fastest value growth at a CAGR of 10.1% during 2023-28. Among the distribution channel food & drinks specialists was the largest distribution channel. Frangosul JBS AVES LTDA, Charoen Pokphand Group, and Porkee Sausage were the top three companies in the Singaporean meat sector.
Scope
- Per capita consumption and expenditure of meat was higher in Singapore than both the global and regional levels in 2023.
- The per capita consumption of chilled raw packaged meat - whole cuts was higher than other meat categories in 2023
- Food & drinks specialists was the leading distribution channel in the Singaporean meat sector, with a value share of 65.41% in 2023
- Rigid plastics accounted for a share of 50.2% in 2023
Reasons to Buy
- Identify high potential categories and explore further market opportunities based on detailed value and volume analysis
- Existing and new players can analyze key distribution channels to identify and evaluate trends and opportunities
- Gain an understanding of the total competitive landscape based on detailed company share analysis to plan effective market positioning
- Our team of analysts have placed a significant emphasis on changes expected in the market that will provide a clear picture of the opportunities that can be tapped over the next five years, resulting in revenue expansion
- Analysis on key macro-economic indicators such as real GDP, nominal GDP, consumer price index, household consumption expenditure, population (by age group, gender, rural-urban split, and employed people and unemployment rate. It also includes economic summary of the country along with labor market and demographic trends.
Table of Contents
- Report Scope
- Executive Summary
- Market Environment
- Value and Volume Share of Singapore in the Global and Asia-Pacific Markets
- Growth Analysis of Singapore Compared to Other Leading Countries in the Asia-Pacific Market
- PCC and PCE of Singapore Compared to the Global and Asia-Pacific Markets
- Sector Deep Dive
- Singapore Meat Sector Snapshot
- Market Size Analysis
- Cross-Category Comparison - Value Growth Analysis and Category Winners and Losers
- Cross-Category Comparison - Volume Growth Analysis and Category Winners and Losers
- Category Deep Dive
- Per Capita Consumption Analysis by Category
- Market Size Analysis - Category: Ambient Meat
- Segment-level Analysis (In Value Terms) - Ambient Meat
- Segment-level Analysis (In Volume Terms) - Ambient Meat
- Market Size Analysis - Category: Chilled Raw Packaged Meat - Processed
- Segment-level Analysis (In Value Terms) - Chilled Raw Packaged Meat - Processed
- Segment-level Analysis (In Volume Terms) - Chilled Raw Packaged Meat - Processed
- Market Size Analysis - Category: Chilled Raw Packaged Meat - Whole Cuts
- Segment-level Analysis (In Value Terms) - Chilled Raw Packaged Meat - Whole Cuts
- Segment-level Analysis (In Volume Terms) - Chilled Raw Packaged Meat - Whole Cuts
- Market Size Analysis - Category: Cooked Meats - Counter
- Market Size Analysis - Category: Cooked Meats - Packaged
- Segment-level Analysis (In Value Terms) - Cooked Meats - Packaged
- Segment-level Analysis (In Volume Terms) - Cooked Meats - Packaged
- Market Size Analysis - Category: Fresh Meat (Counter)
- Segment-level Analysis (In Value Terms) - Fresh Meat (Counter)
- Segment-level Analysis (In Volume Terms) - Fresh Meat (Counter)
- Market Size Analysis - Category: Frozen Meat
- Segment-level Analysis (In Value Terms) - Frozen Meat
- Segment-level Analysis (In Volume Terms) - Frozen Meat
- Distribution Analysis
- Channel Share Analysis
- Competitive Environment
- Leading Companies - Value and Volume Shares
- Brand Share Analysis of Top Five Companies
- Brand Share Analysis of Top Five Companies by Category
- Private Label Share Analysis by Category
- Growth of Private Labels Compared to Branded Products
- Degree of Consolidation/Fragmentation by Category
- Health & Wellness Analysis
- Health & wellness analysis by category
- Health & wellness analysis by product attributes
- Health & wellness analysis by consumer benefits
- Cross category comparison- products with H&W Vs. non H&W claims
- Packaging Analysis
- Pack Material Growth Analysis
- Pack Type Growth Analysis
- Closure Type Growth Analysis
- Primary Outer Type Growth Analysis
- Consumergraphics
- Demographic Analysis
- Macroeconomic Analysis
- GDP Growth and Inflation
- Population Growth
- Labor Market Trend
- Economic Summary, Labor Market Trends, and Demographic Trends
- Singapore Risk Index (GCRI) 2023
- Singapore Risk Analysis - Compared to Global and Asia-Pacific Markets
- Methodology
- Definitions
- Appendix
- Leading Value Categories
- Leading Categories (Volume), 2023
- Cross-Category Comparison - By Value (2018-2028)
- Cross-Category Comparison - By Volume (2018-2028)
- Per Capita Consumption (by Category), Singapore Compared to Asia-Pacific and Global Levels (in Units), 2023
- Segment-Level Analysis (in Value Terms) - Ambient meat
- Segment-Level Analysis (in Volume Terms) - Ambient meat
- Segment-Level Analysis (in Value Terms) - Chilled raw packaged meat - processed
- Segment-Level Analysis (in Volume Terms) - Chilled raw packaged meat - processed
- Segment-Level Analysis (in Value Terms) - Chilled raw packaged meat - whole cuts
- Segment-Level Analysis (in Volume Terms) - Chilled raw packaged meat - whole cuts
- Segment-Level Analysis (in Value Terms) - Cooked meats - packaged
- Segment-Level Analysis (in Volume Terms) - Cooked meats - packaged
- Segment-Level Analysis (in Value Terms) - Fresh meat (counter)
- Segment-Level Analysis (in Volume Terms) - Fresh meat (counter)
- Segment-Level Analysis (in Value Terms) - Fresh meat (counter)
- Segment-Level Analysis (in Volume Terms) - Fresh meat (counter)
- Change in Distribution Share, 2018-2023
- Top Five Companies Share By Brand (in Value and Volume Terms) in the meat Sector, 2023
- Brand Shares of Top Five Companies (in Value and Volume Terms) by Category, 2023
- Category comparison - with H&W claims and non-H&W claims, 2018-23
- Use of primary type by category (in pack units), 2023
- Performance Overview (Score: 1-100)
- Category Data, By Segment
- Per Capita Consumption (in Units), 2018-2028
- Per Capita Expenditure ($), 2018-2028
- Meat sales Distribution in Singapore - By Category (SGD Million), 2023
- Brand Share (in Value and Volume Terms) in the Meat Sector, 2023
- Brand Share (in Value and Volume Terms) in the Meat Sector, By Category, 2023
- Key health & wellness product attributes driving sales in Singapore ($ million), 2018-23
- Key health & wellness consumer benefits driving sales in Singapore ($ million), 2018-23
- Pack Material (in Million Pack Units), 2018-2028
- Pack Materials by Category (in Million Pack Units), 2023
- Pack Type (in Million Pack Units), 2018-2028
- Pack Types by Category (in Million Pack Units), 2023
- Closure Type (in Million Pack Units), 2018-2028
- Closure Types by Category (in Million Pack Units), 2023
- Primary Outer Type (in Million Pack Units), 2018-2028
- Primary Outer Types by Category (in Million Pack Units), 2023
- Real GDP and Annual Growth (%), 2020-2028
- Nominal GDP and Annual Growth (%), 2020-2028
- Consumer Price Inflation (%), 2020-2028
- Employed People and Unemployment Rate (%), 2020-2028
- Nominal Household Final Consumption Expenditure and Annual Growth (%), 2020-2028
- Population and Annual Growth (%), 2020-2028
- Population by Age Group (%)
- Population by Gender (%)
- Population by Rural-Urban Split (%)
- Value and Volume Shares of Singapore in the Global and Asia-Pacific meat Sector, 2023 -2026
- Singapore Compared to the Other Top Countries in Terms of Market Share, Growth, and the Competitive Landscape
- PCC Comparison - Singapore, Asia-Pacific, and Global, 2018-2028
- PCE Comparison - Singapore, Asia-Pacific, and Global, 2018-2028
- Market Size and Growth Analysis by Value and Volume, meat Sector, 2018-2028
- Cross-Category Comparison - Value Growth Analysis and Category Winners and Losers
- Cross-Category Comparison - Volume Growth Analysis and Category Winners and Losers
- Market Size and Growth Analysis by Value and Volume, Ambient meat Category, 2018-2028
- Market Size and Growth Analysis by Value and Volume, Chilled raw packaged meat - processed, 2018-2028
- Market Size and Growth Analysis by Value and Volume, Chilled raw packaged meat - whole cuts Category, 2018-2028
- Market Size and Growth Analysis by Value and Volume, Cooked meats - counter Category, 2018-2028
- Market Size and Growth Analysis by Value and Volume, Cooked meats - packaged, Category, 2018-2028
- Market Size and Growth Analysis by Value and Volume, Fresh meat (counter), Category, 2018-2028
- Market Size and Growth Analysis by Value and Volume, Fresh meat (counter), Category, 2018-2028
- Share of Key Distribution Channels (in Value Terms) - meat, 2023
- Key Distribution Channel Share by Category (in Value Terms), 2023
- Leading Companies (in Value and Volume Terms) in the meat Sector, 2023
- Private Label Penetration by Category (in Value Terms), 2023
- Growth Analysis, Private Label and Brands, 2018-2028
- Category-Wise Consolidation/Fragmentation (in Value Terms) - meat , 2023
- Prominence of health & wellness claims by category, $ million, 2018-23
- Contribution of health & wellness by product attributes, $ million, 2018-23
- Contribution of health & wellness by consumer benefits, $ million, 2018-23
- Key Pack Materials in the Singaporean meat Sector by Percentage Share of Pack Units, 2023
- Annual Growth Rate by Key Pack Material, 2018-2028
- Use of Pack Material by Category (in Pack Units), 2023
- Key Pack Types in the Singaporean meat Sector by Percentage Share of Pack Units, 2023
- Annual Growth Rate by Key Pack Type, 2018-2028
- Use of Pack Type by Category (in Pack Units), 2023
- Key Closure Types in the Singapore meat Sector by Percentage Share of Pack Units, 2023
- Annual Growth Rate by Key Closure Type, 2018-2028
- Use of Closure Type by Category (in Pack Units), 2023
- Key Primary Outer Types in the Singapore meat Sector by Percentage Share of Pack Units, 2023
- Annual Growth Rate by Key Primary Outer Type, 2018-2028
- Demographic Analysis
- Real GDP (SGD Billion) and Annual Growth (%)
- Nominal GDP (SGD Billion) and Annual Growth (%)
- Consumer Price Inflation (%)
- Nominal Household Final Consumption Expenditure Growth (%) in SGD Terms
- Population (Million) and Annual Growth (%)
- Population by Age Group (%)
- Population by Gender (%)
- Population by Rural-Urban Split (%)
- Employed People (Million) and Unemployment Rate (%)
- Economic Summary, Labor Market Trends, and Demographic Trends
- Five Lowest-Risk Nations in GCRI Q1 2024
- Five Highest-Risk Nations in GCRI Q1 2024
- Singapore's Performance in Country Risk Analysis in Comparison to Asia-Pacific and the World
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Frangosul JBS AVES LTDA
- Charoen Pokphand Group
- Porkee Sausage
- QAF Limited
- DANISH CROWN FOODS A/S
- Hormel Foods Corporation
- Amoy Canning
- Frangosul JBS AVES LTDA
