The milk in Singapore market is expected to increase by USD 53.7 million, at a compound annual growth rate (CAGR) of 2.8% from 2024 to 2029, according to the latest edition of the Milk Market in Singapore Report. The Singapore milk market is driven by a strong consumer focus on health and wellness, leading to increased demand for premium and fortified milk products. As health-conscious consumers seek options that align with their dietary preferences, there is a growing market for organic, lactose-free, and plant-based milk alternatives. Additionally, Singapore’s well-developed retail landscape and high level of food safety standards ensure that consumers have access to a wide variety of high-quality milk products, both local and imported. The nation’s emphasis on innovation in food technology also supports the introduction of new and enhanced dairy products, further driving market growth.
The report provides a comprehensive analysis of the Singapore milk industry, presenting detailed market data including historical market size, growth rates, and future forecasts. It offers an in-depth examination of various market categories and subcategories, with a particular focus on key factors such as product, and distribution channel. The insights gained from this evaluation help reveal the growth potential within the milk sector.
Market Segmentation
The segmentation of the milk market in Singapore is outlined below:
Product: cow’s milk (fresh milk, shelf-stable milk), flavoured milk drinks, goat milk, plant-based milk, powdered milk
Distribution channel: convenience stores, supermarkets and hypermarkets, small grocery stores, foodservice channels, e-commerce, others
The Singapore milk market is segmented on the basis of product, and distribution channel. Based on product, the milk market in Singapore is categorized into cow’s milk (fresh milk, shelf-stable milk), flavoured milk drinks, goat milk, plant-based milk, and powdered milk. On the basis of distribution channel, the milk market in Singapore has been segmented into convenience stores, supermarkets and hypermarkets, small grocery stores, foodservice channels, e-commerce, and others.
Competitive Landscape
The Singapore milk market is highly competitive. Top players covered in Singapore Milk Market Study are Yotsuba Milk Products Co. Ltd., Thai Beverage Public Company Limited, Royal FrieslandCampina N.V., QAF Limited, Nestle S.A., Meiji Holdings Co. Ltd., Malaysia Dairy Industries Pvt. Ltd., Lactalis South Africa (Pty) Ltd., Japfa Ltd., Hay Dairies Pte Ltd, Fonterra Co-operative Group Limited, Delamere Dairy Ltd.
The report offers a comprehensive review of the Singapore milk market, focusing on key players’ performance over the 2019-2023 period. The information highlights shifts in market share, identifying both established market leaders and emerging players. By utilizing this data, businesses can enhance their competitive positioning, refining their strategies to better navigate a competitive and evolving market landscape.
Why Buy This Report?
Obtain precise statistical data and forecasts for the Singapore milk market.
Develop region-specific strategies and set strategic priorities based on localized data analysis.
Gain deep insights into the dynamics of the Singapore milk market.
Identify high-potential investment opportunities by targeting growth sectors and emerging trends.
Anticipate the future trajectory of the Singapore milk market with informed projections.
Assess the competitive landscape to determine the ideal timing for capitalizing on market opportunities.
Table of Contents
TABLE OF CONTENTS
Key findings
Report scope
Research methodology
Market overviewSingapore milk market – product analysis
Singapore milk market – distribution channel analysis
Key players and market share
– Yotsuba Milk Products Co., Ltd.
– Thai Beverage Public Company Limited
– Royal FrieslandCampina N.V.
– QAF Limited
– Nestle S.A.
…
Macroeconomic data and forecast
Disclaimer
FIGURES AND TABLES
Table Singapore milk market 2019-2029
Chart Singapore milk market, net growth, 2019-2029
Chart Singapore milk market, growth rates, 2019-2029
Table Singapore milk market by product, 2019-2029
Chart Singapore milk market by product, CAGR historic and forecast, 2019-2029
Chart Singapore milk market by product, 2019-2029
Table Singapore milk market by distribution channel, 2019-2029
Chart Singapore milk market by distribution channel, CAGR historic and forecast, 2019-2029
Chart Singapore milk market by distribution channel, 2019-2029
Table Singapore milk market share (%), by companies, 2019-2023
Chart Singapore milk market, by companies, 2023
Table Singapore milk market share (%), by brands, 2019-2023
Chart Singapore milk 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 milk market: spend as a proportion of GDP (%)
Table Singapore milk market: consumption per capita (population)