Business Monitor International


Singapore Food & Drink Report

Published 23 September 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 Singaporean alcoholic drinks market has not reached a saturation point yet and holds significant growth potential over our forecast period.

Headline Industry Data

  • Total food consumption (local currency) growth year-on-year (y-o-y) in 2014: +1.9%; compound annual growth rate (CAGR) to 2018: +2.1%

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

  • Alcoholic drinks sales (local currency) growth (y-o-y) in 2014: +5.8%; CAGR: 6.8%

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

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

Latest Industry Trends & Developments

Sanyo To Pay USD187.5mn For 25% Of Olam's Packaged-Foods Business :   In August 2014, Sanyo Foods has acquired a 25% stake in Singapore-based food ingredients processor Olam International's packaged-foods business for USD187.5mn. On completion of the transaction, Olam expects to register a net cash inflow of USD167.5mn and an addition to reserves of USD80.8mn. The instant-noodle joint venture between the companies will be a holding company for all of Olam's packaged-foods businesses incorporated in Singapore, with Olam having the management control. Olam, which sells its packaged foods mainly in Africa, recorded turnover of USD350mn in 2013.

GIC Inks Exchangeable Loan Agreement With CCC:  In May 2014, the Government of Singapore Investment Corporation (GIC) inked an Exchangeable Loan Agreement with Philippines-based Century Canning Corporation (CCC). As part of the agreement, GIC has invested...

Table of Contents

BMI Industry View
7
SWOT
10
Food
10
Drink
12
Mass Grocery Retail
14
Industry Forecast
16
Consumer Outlook
16
Food
19
Food Consumption
19
Table: Food Consumption Indicators - Historical Data & Forecasts, 2011-2018
20
Canned Food
20
Table: Canned Food Value/Volume Sales - Historical Data & Forecasts, 2011-2018
21
Confectionery
22
Table: Confectionery Value/Volume Sales - Historical Data & Forecasts, 2011-2018
23
Fish
26
Table: Fish Volume Sales - Historical Data & Forecasts, 2011-2018
26
Oils And Fats
28
Drink
29
Hot Drinks
29
Table: Hot Drinks Value/Volume Sales - Historical Data & Forecasts, 2011-2018
31
Alcoholic Drinks
31
Table: Alcoholic Drinks Value/Volume Sales - Historical Data & Forecasts, 2011-2018
33
Soft Drinks
33
Table: Soft Drinks Value/Volume Sales - Historical Data & Forecasts, 2011-2018
34
Mass Grocery Retail
35
Table: Mass Grocery Retail Sales - Historical Data & Forecasts, 2011-2018
38
Trade
38
Table: Trade Indicators - Historical Data & Forecasts, 2011-2018
39
Macroeconomic Forecast
40
Economic Analysis
40
Global Liquidity Conditions Present Risks To Singapore-
42
-But State Of Economy Remains Sound
43
Table: Singapore - Economic Activity
46
Industry Risk Reward Ratings
47
Asia Pacific Risk/Reward Ratings
47
Table: Asia Pacific Food & Drink Risk/Reward Ratings Q314
49
Table: Asia Pacific Food & Drink Risk/Reward Sub-Factor Ratings Q314 (scores out of 10)
52
Singapore Risk/Reward Ratings
53
Table: Singapore Food & Drink Risk/ Reward Ratings
54
Market Overview
55
Food
55
Agriculture
55
Food Processing
55
Drink
56
Soft Drinks
56
Alcoholic Drinks
57
Hot Drinks
57
Mass Grocery Retail
58
Table: Structure Of Mass Grocery Retail Market By Estimated Number Of Outlets, 2005-2011
59
Table: Structure Of Mass Grocery Retail Market By Value (USDbn), 2007-2013
60
Table: Structure Of Mass Grocery Retail Market By Value (SGDbn), 2007-2013
60
Table: Grocery Retail Sales By Format, 2012 And 2021 (%)
60
Industry Trends And Developments
61
Food
61
Key Industry Trends And Developments
61
Drink
65
Key Industry Trends And Developments
65
Mass Grocery Retail
70
Key Industry Trends And Developments
70
Competitive Landscape
76
Table: Key Players In Singapore's Food Sector
76
Table: Key Players In Singapore's Drinks Sector
76
Table: Key Players In Singapore's Mass Grocery Retail Sector
77
Company Profile
78
Auric Pacific
78
Petra Foods
80
Fraser & Neave
83
Asia Pacific Breweries
85
Sheng Siong
88
NTUC FairPrice
91
Global Industry Overview
94
Table: Food And Drink Core Views
103
Demographic Forecast
104
Table: Singapore's Population By Age Group, 1990-2020 ('000)
105
Table: Singapore's Population By Age Group, 1990-2020 (% of total)
106
Table: Singapore's Key Population Ratios, 1990-2020
107
Table: Singapore's Rural And Urban Population, 1990-2020
107
Glossary
108
Food & Drink
108
Mass Grocery Retail
108
Methodology
110
Industry Forecast Methodology
110
Sector-Specific Methodology
111
Sources
111
Risk/Reward Rating Methodology
112
Table: Food & Drink Risk/Reward Rating Indicators
113
Table: Weighting
114

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.

secure
Benefit from discounts when you add multiple products to your basket
2 Products SAVE 10%
3 Products SAVE 15%
4 Products SAVE 20%
5 Products SAVE 25%
6 Products SAVE 30%
7 - 20 Products SAVE 35%
21 Products or more SAVE 40%

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