Singapore Soft Drinks Market 2024

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The Singapore soft drinks market is on track to grow from USD 1,312.8 million in 2023 to USD 1,779.5 million by 2029, with a projected CAGR of 5.2% across the forecast period. Singapore’s soft drinks market is characterized by a strong demand for both premium and health-focused beverages. Urbanization and high disposable incomes are driving the consumption of international beverage brands, especially among younger consumers. There is a marked shift towards healthier options such as low-calorie, sugar-free, and functional drinks, including kombucha, vitamin waters, and herbal teas, as Singaporeans become more health-conscious. Additionally, growing concerns about sustainability are influencing consumer choices, with eco-friendly packaging and natural ingredients gaining prominence in the market.

The report provides a comprehensive analysis of the Singapore soft drinks 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 type, type, packaging and distribution channel. The insights gained from this evaluation help reveal the growth potential within the soft drinks sector.


Market Segmentation


The segmentation of the Singapore soft drinks market is outlined below:
Product type: bottled water, carbonated soft drinks, concentrates, juices, RTD coffee, RTD tea, energy drinks, sports drinks, others
Type: regular, low- and no-sugar soft drinks
Packaging: flexible packaging, glass bottles, liquid cartons, metal cans, plastic bottles, others
Distribution channel: convenience stores, forecourt, supermarkets and hypermarkets, grocery stores, bars and HoReCa, vending, e-commerce, others

The soft drinks market in Singapore is segmented across product type, type, packaging and distribution channel. The market is classified by product type into bottled water, carbonated soft drinks, concentrates, juices, RTD coffee, RTD tea, energy drinks, sports drinks, and others. Type categories include regular, and low- and no-sugar soft drinks. Packaging segments cover flexible packaging, glass bottles, liquid cartons, metal cans, plastic bottles, and others. Distribution channel segmentation includes convenience stores, forecourt, supermarkets and hypermarkets, grocery stores, bars and HoReCa, vending, e-commerce, and others.


Competitive Landscape


Top players featured in the Singapore soft drinks market study include Yeo Hiap Seng Limited, The Coca-Cola Company, Thai Beverage Public Company Limited, T.C. Pharmaceutical Industries Co. Ltd., Suntory Holdings Limited, Sunkist Growers Incorporated, Sheng Sheng F&B Industries Pte Ltd, Sapporo Holdings Limited, Red Bull GmbH, PepsiCo Inc., Otsuka Holdings Co. Ltd., Nestle S.A., Monster Beverage Corporation, Malaysia Dairy Industries Pvt. Ltd., Lam Soon Group, JJ Drinks Manufacturing Pte Ltd, Ito En Ltd., Dr Pepper Snapple Group, Danone S.A., Citrus World Inc, Australian Fruit Juice (S) Pte Ltd and Allswell Trading Pte. Ltd.

This report presents an extensive analysis of major entities in the soft drinks market, focusing on their performance from 2019 to 2023. Findings showcase changes in market share, recognizing both long-standing leaders and new challengers.


Why Buy This Report?


Obtain precise statistical data and forecasts for the Singapore soft drinks market.
Gain in-depth analysis and forecasts for the key segments of the Singapore soft drinks market: product type, type, packaging 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 soft drinks market.
Identify high-potential investment opportunities by targeting growth sectors and emerging trends.
Anticipate the future trajectory of the Singapore soft drinks market with informed projections.
Assess the competitive landscape to determine the ideal timing for capitalizing on market opportunities.
A single unlimited user license within the same organization, with no additional charges for extra users.


Table of Contents


TABLE OF CONTENTS
Key Findings
Report Scope
Research Methodology
Market Overview
Singapore Soft Drinks Market – Product Type Analysis
Singapore Soft Drinks Market – Type Analysis
Singapore Soft Drinks Market – Packaging Analysis
Singapore Soft Drinks Market – Distribution Channel Analysis
Key Players and Market Share
– Yeo Hiap Seng Limited
– The Coca-Cola Company
– Thai Beverage Public Company Limited
– T.C. Pharmaceutical Industries Co., Ltd.
– Suntory Holdings Limited
– Sunkist Growers, Incorporated
– Sheng Sheng F&B Industries Pte Ltd
– Sapporo Holdings Limited
– Red Bull GmbH

Macroeconomic Data and Forecast
Disclaimer

FIGURES AND TABLES
Table Singapore Soft Drinks Market 2019-2029
Chart Singapore Soft Drinks Market, Net Growth, 2019-2029
Chart Singapore Soft Drinks Market, Growth Rates, 2019-2029
Table Singapore Soft Drinks Market by Product Type, 2019-2029
Chart Singapore Soft Drinks Market by Product Type, CAGR Historic and Forecast, 2019-2029
Chart Singapore Soft Drinks Market by Product Type, 2019-2029
Table Singapore Soft Drinks Market by Type, 2019-2029
Chart Singapore Soft Drinks Market by Type, CAGR Historic and Forecast, 2019-2029
Chart Singapore Soft Drinks Market by Type, 2019-2029
Table Singapore Soft Drinks Market by Packaging, 2019-2029
Chart Singapore Soft Drinks Market by Packaging, CAGR Historic and Forecast, 2019-2029
Chart Singapore Soft Drinks Market by Packaging, 2019-2029
Table Singapore Soft Drinks Market by Distribution Channel, 2019-2029
Chart Singapore Soft Drinks Market by Distribution Channel, CAGR Historic and Forecast, 2019-2029
Chart Singapore Soft Drinks Market by Distribution Channel, 2019-2029
Table Singapore Soft Drinks Market Share (%), by Companies, 2019-2023
Chart Singapore Soft Drinks Market, by Companies, 2023
Table Singapore Soft Drinks Market Share (%), by Brands, 2019-2023
Chart Singapore Soft Drinks 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 Soft Drinks Market: Spend as a Proportion of GDP (%)
Table Singapore Soft Drinks Market: Consumption per Capita (Population)


Companies Mentioned


Yeo Hiap Seng Limited
The Coca-Cola Company
Thai Beverage Public Company Limited
T.C. Pharmaceutical Industries Co., Ltd.
Suntory Holdings Limited
Sunkist Growers, Incorporated
Sheng Sheng F&B Industries Pte Ltd
Sapporo Holdings Limited
Red Bull GmbH
PepsiCo, Inc.
Otsuka Holdings Co. Ltd.
Nestle S.A.
Monster Beverage Corporation
Malaysia Dairy Industries Pvt. Ltd.
Lam Soon Group
JJ Drinks Manufacturing Pte Ltd
Ito En, Ltd.
Dr Pepper Snapple Group
Danone S.A.
Citrus World Inc
Australian Fruit Juice (S) Pte Ltd
Allswell Trading Pte. Ltd.


Product Type

Industry Statistics

Region

Asia Pacific

Published Date

2024

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