Singapore Food & Drink Report

Published 03 June 2015

  • 103 pages
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  • Includes 3 free updated quarterly reports
 
$1,295.00
Singapore Food & Drink Report

BMI View: Singapore has one of the highest levels of food consumption in the region, which effectively eliminates the possibility of substantial industry growth in the short or medium term. This is illustrated by our modest sales growth forecasts for a majority of sub-sectors to 2019 . Nonetheless, we believe that the Singaporean alcoholic drinks market has not reached a saturation point yet and holds significant growth potential over our forecast period.

Headline Industry Data (local currency)

  • Total food consumption growth year-on-year (y-o-y) in 2015: +1.9%; compound annual growth rate (CAGR) to 2019: +2.1%

  • Per capita food consumption growth (y-o-y) in 2015: +0.1%; CAGR to 2019: +0.4%

  • Alcoholic drinks sales growth (y-o-y) in 2015: +6.3%; CAGR to 2019: 6.7%

  • Soft drink sales growth (y-o-y) in 2015: +3.2%; CAGR to 2019: +2.1%

  • Total mass grocery retail sales growth year-on-year (y-o-y) in 2015: +2.4%; CAGR to 2019: +3.0%

Latest Industry Trends & Developments

Brasil Foods, Singapore Food Form JV : Brazilian food producer Brasil Foods (BRF) has formed a joint venture (JV) with Singapore Food Industries (SFI), a subsidiary of airline catering firm SATS. BRF will hold a 49% share of the new company, named SATS BRF, to be formed for around USD19mn. The remaining majority stake in the new JV will be owned by SFI. Under the deal, SFI will provide food distribution assistance to SATS BRF. 'Together, we can scale up our meat processing to become more productive and to innovate new branded food offerings for the growing middle classes in Asia,' said Alex Hungate, president and CEO of SATS, reports FBR in April 2015. The JV will focus on meat processing and manufacturing of branded food products for distribution to retailers, restaurants, wholesalers, distributors and ship chandlers.

Fraser & Neave Announces H115 Results : Fraser & Neave (F&N) reported a 7.0% year-on-year (y-o-y) increase in revenue at SGD1.26bn, when it announced its unaudited...

Table of Contents

BMI Industry View
7
SWOT
9
Food
9
Drink
11
Mass Grocery Retail
13
Industry Forecast
15
Consumer Outlook
15
Food
18
Food Consumption
18
Table: Food Consumption Indicators - Historical Data & Forecasts (Singapore 2012-2019)
19
Confectionery
19
Table: Confectionery Value/Volume Sales, Production & Trade - Historical Data & Forecasts (Singapore 2012-2019)
20
Fish
21
Table: Fish Volume Sales, Production & Trade - Historical Data & Forecasts (Singapore 2012-2019)
21
Oils And Fats
22
Table: Oils And Fats Volume Sales, Production & Trade - Historical Data & Forecasts (Singapore 2012-2019)
23
Drink
24
Hot Drinks
24
Table: Hot Drink Value/Volume Sales, Production & Trade - Historical Data & Forecasts (Singapore 2012-2019)
25
Alcoholic Drinks
26
Table: Alcoholic Drinks Value/Volume Sales, Production & Trade - Historical Data & Forecasts (Singapore 2012-2019)
27
Soft Drinks
28
Table: Soft Drinks Sales, Production & Trade - Historical Data & Forecasts (Singapore 2012-2019)
29
Mass Grocery Retail
30
Table: Mass Grocery Retail Sales - Historical Data & Forecasts, (Singapore 2012-2019)
31
Trade
32
Table: Trade Indicators - Historical Data & Forecasts, (Singapore 2012-2019)
33
Macroeconomic Forecast
34
Economic Analysis
34
Industry Risk Reward Index
39
Asia Pacific - Risk/Reward Index
39
Table: Asia Pacific Food & Drink Risk/Reward Index Q315
41
Singapore Risk/Reward Index
44
Market Overview
45
Food
45
Agriculture
45
Food Processing
45
Drink
46
Soft Drinks
46
Alcoholic Drinks
47
Hot Drinks
47
Mass Grocery Retail
48
Table: Structure Of Mass Grocery Retail Market By Estimated Number Of Outlets, 2005-2011
49
Table: Structure Of Mass Grocery Retail Market By Value (USDbn), 2007-2013
50
Table: Structure Of Mass Grocery Retail Market By Value (SGDbn), 2007-2013
50
Table: Grocery Retail Sales By Format, 2012 And 2021 (%)
50
Industry Trends And Developments
51
Food
51
Key Industry Trends And Developments
51
Drink
57
Key Industry Trends And Developments
57
Mass Grocery Retail
60
Key Industry Trends And Developments
60
Competitive Landscape
65
Table: Key Players In Singapore's Food Sector
65
Table: Key Players In Singapore's Drinks Sector
65
Table: Key Players In Singapore's Mass Grocery Retail Sector
66
Company Profile
67
Auric Pacific
67
Petra Foods
69
Fraser & Neave
72
Asia Pacific Breweries
74
Sheng Siong
77
NTUC FairPrice
80
Global Industry Overview
83
Table: Food and Drink Core Views - Q115 Roundup
90
Demographic Forecast
92
Demographic Outlook
92
Table: Population Headline Indicators (Singapore 1990-2025)
93
Table: Key Population Ratios (Singapore 1990-2025)
93
Table: Urban/Rural Population & Life Expectancy (Singapore 1990-2025)
94
Table: Population By Age Group (Singapore 1990-2025)
94
Table: Population By Age Group % (Singapore 1990-2025)
95
Glossary
97
Food & Drink
97
Mass Grocery Retail
97
Methodology
99
Industry Forecast Methodology
99
Sector-Specific Methodology
100
Sources
100
Risk/Reward Index Methodology
101
Table: Food & Drink Risk/Reward Index Indicators
102
Table: Weighting
103

The Singapore Food & Drink Report features BMI Research's market assessment and independent forecasts for food and drink expenditure, consumption, sales, and imports/exports and forecasts for the mass grocery retail sector. The report also includes analyses of major regulatory developments, the background macroeconomic outlook and competitive landscape comparing national and multinational companies by leading products and services, sales, investments, partners and expansion strategies.

BMI's Singapore Food & Drink Report provides industry professionals and strategists, sector analysts, business investors, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the food and drink industry and the mass grocery retail market in Singapore.

Key Benefits

  • Benchmark BMI's independent food and drink industry forecasts for Singapore to test other views - a key input for successful budgeting and strategic business planning in the Singaporean food and drink market.
  • Target business opportunities and risks in Singapore through our reviews of latest industry trends, regulatory changes and major deals, projects and investments.
  • Exploit latest competitive intelligence on your competitors, partners and clients via our Company Profiles (inc. SWOTs, KPIs and latest activity) and Competitive Landscape Tables.

Coverage

BMI Industry View

Summary of BMI’s key industry forecasts and views, covering food and drink manufacturing and consumption and the mass grocery retail market.

Industry SWOT Analysis

Analysis of the major strengths, weaknesses, opportunities and threats within the food, drink and mass grocery retail sectors and within the broader political, economic and business environment.

BMI’s Food and Drink Risk Reward Index

BMI’s Risk Reward Index provides investors (food and drink manufacturers and mass grocery retailers) looking for opportunities in the region with a clear country-comparative assessment of a market’s risks and potential rewards. Each of the country markets are scored using a sophisticated model that includes more than 40 industry, economic and demographic points. These provide indices of highest to lowest appeal to investors, with each position explained.

Food Forecasts

BMI’s food chapter is divided into sections such as meat, fish, confectionary, dairy and canned foods, and provides insight into each market’s food industry, centred on a forecast to end-2019 for the sector. The chapter includes the following elements:

  • Industry Forecast Scenario: Historical data series and a forecast to end-2019 for growth of key indicators within a market’s food industry. Indicators include food consumption, food consumption as % of GDP, canned food sales, confectionery sales and food and drink imports and exports, among others.
  • Industry Developments: A summary of corporate developments, including news on M&As, FDI, expansions, closures and financial results, in addition to analysis and explanation of the latest industry events and how these could influence further investment.
  • Market Overview: An overview of the structure of the market, introducing the key players and discussing underlying trends.

Drink Forecasts

Segmented the same way as BMI’s food chapter, the drink section provides insight into each market’s drink industry, centred on a forecast to end-2019 for the sector. Forecast indicators include alcoholic and soft drink sales by value, volume and sub-sector and tea and coffee sales, among others.

Mass Grocery Retail Forecasts

Segmented the same way as BMI’s food and drink chapters, the mass grocery retail section provides insight into each market’s grocery retail industry, centred on a forecast to end-2019 for the sector. Forecast indicators include mass grocery retail sales by format (including supermarkets, hypermarkets, convenience and discount stores) and a breakdown of the organised retail sector versus the traditional sector, among others.

Competitive Landscape

Illustration of the mass grocery retail and food and drink industries via rankings tables comparing revenues, number of outlets and number of employees. This chapter also includes data-rich, in-depth regional analysis of the market position, business strategies and investment potential of the region’s leading mass grocery retail and food and drink operators.

Company Profiles*

Examines the competitive positioning and short- to medium-term business strategies of key industry players. Strategy is examined within the context of BMI’s industry forecasts, our macroeconomic views and our understanding of the wider competitive landscape to generate company SWOT analyses. The latest financial and operating statistics and key company developments are also incorporated within the company profiles, enabling a full evaluation of recent company performance and future growth prospects.

Sources

The Food & Drink reports draw on an extensive network primary sources, such as multilateral organisations, government departments, industry associations, chambers and company reports.

*Company profiles are not available for every country. Those reports instead contain information on the current activities of prominent companies operating in the market.

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Testimonials

'An essential, multi-faceted research tool. BMI’s thorough understanding of the major market players enables an informed – and informative – review of the sector’s actual performance, together with useful insights into current industry issues, which are topped-off with detailed and invaluable forecasts of industry and macroeconomic trends.’

Senior Research Analyst, ABC International Bank plc