Incremental growth of USD 38.1 million is anticipated in the Singapore chocolate confectionery market, which will expand at a CAGR of approximately 3.6% over the forecast period spanning 2024 to 2029. Singapore’s chocolate confectionery market is driven by a sophisticated consumer base that increasingly favors high-quality, premium chocolates, often with unique flavors or ethical sourcing credentials. The growing trend of health-consciousness has led to a rise in demand for dark chocolate and low-sugar variants. Additionally, the city’s strong gifting culture, especially during festivals like Chinese New Year, supports significant seasonal demand for chocolates.
This report presents a detailed overview of the Singapore chocolate confectionery industry, including key data on historical market size, growth rates, and future trends. It offers an in-depth analysis of different market segments, paying close attention to factors like product type, type and distribution channel. This detailed analysis supports the identification of growth opportunities within the chocolate confectionery industry.
Market Segmentation
The Singapore chocolate confectionery market is structured as follows:
Product type: boxed chocolates, countlines, pouches and bags, tablets, chocolate with toys
Type: regular, sugar-free
Distribution channel: convenience stores, forecourt stores, supermarkets and hypermarkets, warehouse clubs, food and drinks stores, grocery stores, e-commerce, others
The Singapore chocolate confectionery market is categorized by product type, type and distribution channel. By product type, the market is categorized into boxed chocolates, countlines, pouches and bags, tablets, and chocolate with toys. Type segmentation includes regular, and sugar-free. Distribution channel segmentation comprises convenience stores, forecourt stores, supermarkets and hypermarkets, warehouse clubs, food and drinks stores, grocery stores, e-commerce, and others.
Competitive Landscape
The chocolate confectionery market is largely dominated by key players such as The Hershey Company, ROYCE’ Confect International Pte Ltd, Network Foods International Ltd., Nestle S.A., Morinaga & Company Ltd., Mondelez International Inc., Mars Incorporated, Lotte Corporation, Ferrero International S.A., Delfi Limited, Chocoladefabriken Lindt & Sprungli AG, August Storck KG and Alfred Ritter GmbH & Co. KG.
The report provides a detailed assessment of prominent companies within the chocolate confectionery market, tracking their performance from 2019 to 2023. Insights reveal fluctuations in market share, highlighting both veteran leaders and emerging players.
Why Buy This Report?
Obtain precise statistical data and forecasts for the Singapore chocolate confectionery market.
Gain in-depth analysis and forecasts for the key segments of the Singapore chocolate confectionery market: product type, type and distribution channel.
Develop region-specific strategies and set strategic priorities based on localized data analysis.
Gain deep insights into the dynamics of the Singapore chocolate confectionery market.
Identify high-potential investment opportunities by targeting growth sectors and emerging trends.
Anticipate the future trajectory of the Singapore chocolate confectionery market with informed projections.
Assess the competitive landscape to determine the ideal timing for capitalizing on market opportunities.
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Table of Contents
TABLE OF CONTENTS
Key Findings
Report Scope
Research Methodology
Market Overview
Singapore Chocolate Confectionery Market – Product Type Analysis
Singapore Chocolate Confectionery Market – Type Analysis
Singapore Chocolate Confectionery Market – Distribution Channel Analysis
Key Players and Market Share
– The Hershey Company
– ROYCE’ Confect International Pte Ltd
– Network Foods International Ltd.
– Nestle S.A.
– Morinaga & Company, Ltd.
– Mondelez International Inc.
– Mars, Incorporated
– Lotte Corporation
– Ferrero International S.A.
…
Macroeconomic Data and Forecast
Disclaimer
FIGURES AND TABLES
Table Singapore Chocolate Confectionery Market 2019-2029
Chart Singapore Chocolate Confectionery Market, Net Growth, 2019-2029
Chart Singapore Chocolate Confectionery Market, Growth Rates, 2019-2029
Table Singapore Chocolate Confectionery Market by Product Type, 2019-2029
Chart Singapore Chocolate Confectionery Market by Product Type, CAGR Historic and Forecast, 2019-2029
Chart Singapore Chocolate Confectionery Market by Product Type, 2019-2029
Table Singapore Chocolate Confectionery Market by Type, 2019-2029
Chart Singapore Chocolate Confectionery Market by Type, CAGR Historic and Forecast, 2019-2029
Chart Singapore Chocolate Confectionery Market by Type, 2019-2029
Table Singapore Chocolate Confectionery Market by Distribution Channel, 2019-2029
Chart Singapore Chocolate Confectionery Market by Distribution Channel, CAGR Historic and Forecast, 2019-2029
Chart Singapore Chocolate Confectionery Market by Distribution Channel, 2019-2029
Table Singapore Chocolate Confectionery Market Share (%), by Companies, 2019-2023
Chart Singapore Chocolate Confectionery Market, by Companies, 2023
Table Singapore Chocolate Confectionery Market Share (%), by Brands, 2019-2023
Chart Singapore Chocolate Confectionery Market, by Brands, 2023
Table Singapore – Population (Millions) and Forecast
Table Singapore – Consumer Price Index (CPI) and Forecast
Table Singapore – Gross Domestic Product and Forecast
Table Singapore Chocolate Confectionery Market: Spend as a Proportion of GDP (%)
Table Singapore Chocolate Confectionery Market: Consumption per Capita (Population)
Companies Mentioned
The Hershey Company
ROYCE’ Confect International Pte Ltd
Network Foods International Ltd.
Nestle S.A.
Morinaga & Company, Ltd.
Mondelez International Inc.
Mars, Incorporated
Lotte Corporation
Ferrero International S.A.
Delfi Limited
Chocoladefabriken Lindt & Sprungli AG
August Storck KG
Alfred Ritter GmbH & Co. KG