Business Monitor International


Singapore Food & Drink Report

Published 08 December 2014

  • 99 pages
  • Instant access to your report online and PDF format through your account library
  • 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 2018. 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 2014: +1.9%; compound annual growth rate (CAGR) to 2018: +2.1%

  • Per capita food consumption growth (y-o-y) in 2014: -0.1%; CAGR to 2018: +0.3%

  • Alcoholic drinks sales growth (y-o-y) in 2014: +5.8%; CAGR: 6.5%

  • Soft drink sales growth (y-o-y) in 2014: +3.2%; CAGR to 2018: +2.6%

  • Total mass grocery retail sales growth year-on-year (y-o-y) in 2014: +2.7%; CAGR to 2018: +2.9%

Latest Industry Trends & Developments

Olam Reports Modest Fall In Q1 Revenue And Profit : Singapore-based food ingredients processor  Olam International reported in November 2014 a 2.9% y-o-y decrease in its first quarter net profit to SGD44.4mn, from overall revenue that fell by 0.5% y-o-y in the same period. The company stated that the seasonal nature of its business means that the first quarter tends to be a modest contributor to the full financial year.

Fraser & Neave Loses Out To Myanma r Economic Holdings : On 31 October 2014, Fraser & Neave (F&N) reported on the outcome of the arbitration tribunal ruling on Myanma r Economic Holdings' (MEHL) attempt to compel F&N to sell its 55% stake in Myanmar Brewery Limited for SGD313mn (USD246mn). The tribunal concluded that MEHL's valuation did not represent fair value for F&N's stake in Myanmar Brewery and that an independent valuation should be undertaken to determine the price at which the sale should go ahead. Whilst the company feel vindicated that the MEHL valuation fell...

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 2011-2018)
19
Canned Food
19
Confectionery
20
Table: Confectionery Value/Volume Sales, Production & Trade - Historical Data & Forecasts (Singapore 2011-2018)
21
Fish
22
Table: Fish Volume Sales, Production & Trade - Historical Data & Forecasts (Singapore 2011-2018)
22
Oils And Fats
23
Table: Oils And Fats Volume Sales, Production & Trade - Historical Data & Forecasts (Singapore 2011-2018)
23
Drink
25
Hot Drinks
25
Table: Hot Drink Value/Volume Sales, Production & Trade - Historical Data & Forecasts (Singapore 2011-2018)
27
Alcoholic Drinks
27
Table: Alcoholic Drinks Value/Volume Sales, Production & Trade - Historical Data & Forecasts (Singapore 2011-2018)
29
Soft Drinks
30
Table: Soft Drinks Sales, Production & Trade (Singapore 2011-2018)
32
Mass Grocery Retail
33
Table: Mass Grocery Retail Sales - Historical Data & Forecasts, 2011-2018
35
Trade
36
Table: Trade Indicators - Historical Data & Forecasts, 2011-2018
37
Macroeconomic Forecast
38
Macroeconomic Analysis
38
Holding Out Hope In Construction
38
Trade Outlook Not So Bright
39
MAS Stands Pat On Cue
39
Table: Economic Activity (Singapore 2009-2018)
41
Industry Risk Reward Ratings
42
Asia Pacific - Risk/Reward Ratings
42
Table: Asia Pacific Food & Drink Risk/Reward Ratings Q414
43
Table: Asia Pacific Food & Drink Risk/Reward Sub-Factor Ratings Q414 (scores out of 10)
46
Singapore Risk/Reward Ratings
48
Table: Q414 Singapore Food & Drink Risk/ Reward Ratings
49
Market Overview
50
Food
50
Agriculture
50
Food Processing
50
Drink
51
Soft Drinks
51
Alcoholic Drinks
52
Hot Drinks
52
Mass Grocery Retail
53
Table: Structure Of Mass Grocery Retail Market By Estimated Number Of Outlets, 2005-2011
54
Table: Structure Of Mass Grocery Retail Market By Value (USDbn), 2007-2013
55
Table: Structure Of Mass Grocery Retail Market By Value (SGDbn), 2007-2013
55
Table: Grocery Retail Sales By Format, 2012 And 2021 (%)
55
Industry Trends And Developments
56
Food
56
Key Industry Trends And Developments
56
Drink
60
Key Industry Trends And Developments
60
Mass Grocery Retail
65
Key Industry Trends And Developments
65
Competitive Landscape
71
Table: Key Players In Singapore's Food Sector
71
Table: Key Players In Singapore's Drinks Sector
71
Table: Key Players In Singapore's Mass Grocery Retail Sector
72
Company Profile
73
Auric Pacific
73
Petra Foods
75
Fraser & Neave
78
Asia Pacific Breweries
80
Sheng Siong
83
NTUC FairPrice
86
Global Industry Overview
89
Table: Select Food Companies - R&D And Advertising Financials
95
Table: Food And Drink Core Views
97
Demographic Forecast
98
Table: Singapore's Population By Age Group, 1990-2020 ('000)
99
Table: Singapore's Population By Age Group, 1990-2020 (% of total)
100
Table: Singapore's Key Population Ratios, 1990-2020
101
Table: Singapore's Rural And Urban Population, 1990-2020
101
Glossary
102
Food & Drink
102
Mass Grocery Retail
102
Methodology
104
Industry Forecast Methodology
104
Sector-Specific Methodology
105
Sources
105
Risk/Reward Rating Methodology
106
Table: Food & Drink Risk/Reward Rating Indicators
107
Table: Weighting
108

The Singapore Food & Drink Report features Business Monitor International (BMI)'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 retail market.

Business Environment Rankings

BMI's Food & Drink Business Environment Rankings provide a country-comparative Risk-Reward Rankings index aimed at investors, food and drink manufacturers and mass grocery retailers.

The rankings methodology makes sophisticated use of over 40 industry, economic and demographic data points.

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.

Food Forecasts

BMI's food chapter is divided into sections such as Meat, Fish, Confectionary, Dairy and Canned Foods, and provides insight into a market's food industry, centred on a forecast to end-2018 for the sector. The chapter includes the following elements:

Industry Forecast Scenario - Historical data series and forecasts to end-2018 for growth of key indicators within a market's food industry. Including 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 the market's drink industry, centred on a forecast to end-2018 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 a market's grocery retail industry, centred on a forecast to end-201 for the sector. Forecast indicators include mass grocery retail sales by format (including supermarkets, hypermarkets, convenience and discount stores) and a breakdown for the organised retail sector versus the traditional sector, among others.

Competitive Landscape & Profiles

Illustration of the industry via rankings tables comparing revenues, number of outlets and number of employees. BMI analyses each company's market position, business strategies and investment potential.

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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