Singapore Beer Market (2024-2030) | Growth, Companies, Industry, Share, Size, Forecast, Outlook, Analysis, Revenue, Value & Trends

Singapore Beer Market Synopsis

The Singapore beer market is expected to grow at a CAGR of 1.11% during the forecast period 2020-2026. This growth is attributed to the increasing demand for premium and craft beer in the country due to rising disposable incomes, growing health consciousness among consumers, and government initiatives such as excise duty cuts on small breweries.

Market Drivers

Growing demand for premium and craft beers in Singapore ??? The demand for specialty/premium beers has been on the rise in recent years due to popularity of new brewing styles like IPA (India Pale Ale), Pilsner, Hefeweizen, Bock ETC, and also because of their unique flavor profiles that appeal more to an increasingly discerning consumer base seeking out high quality products.Increasing per capita income & changing lifestyle preferences ??? Per capita income levels have been steadily increasing over the past few years which has resulted in increased spending power amongst consumers who are now willing to pay a higher price for better quality products. Additionally, there has been an increase in leisure activities leading people opting out from traditional forms of entertainment such as having a drink with friends or family at a local bar or pub instead opting for something more upscale like trying different types of beers while dining out with close ones as part of leisurely outings.

Market challenges

Presence of substitute beverages ??? Beer consumption can be adversely affected by presence substitutes beverages available including wines, spirits or hard seltzers which provide similar effects but may have lower alcohol content than that found within regular beer brands making them attractive options when looking towards healthier alternatives without compromising too much on taste profile provided by these alternative beverage choices thus impacting overall sale figures associated with particular beer brands present within market place.

Key players

The Heineken Asia Pacific (Singapore) Pte Ltd holds the largest share of total beer market sales with its various brands such as Tiger Beer and Heineken Lager dominating the scene since 1998 when they became available nationally across Singapore supermarkets and convenience stores. Other notable players include Carlsberg Brewery Malaysia Berhad (Carlsberg), Fraser & Neave Limited (F&N), Coopers Brewery Ltd., Anchor Brewing Company LLC and Sapporo Breweries Ltd.

Covid-19 Impact

The Singapore beer market experienced a sharp decline in 2020 due to the Covid-19 pandemic. The lockdown measures and social distancing protocols have drastically reduced consumption of alcoholic beverages, leading to an estimated 30% decrease in volume sales compared to 2019. This has affected all major players in the industry. However, despite the downturn, there are some signs of recovery with more people opting for home delivery services during this period as well as increased demand from tourists returning back to Singapore. There is also potential for growth due to increasing awareness about premium beers among middle-class consumers who are looking for higher quality drinks than mass-market lagers. In addition, companies are expected to invest more money into product innovation and marketing activities post COVID-19 which could further boost sales over time.

Key Highlights of the Report:

• Singapore Beer Market Outlook
• Market Size of Singapore Beer Market, 2023
• Forecast of Singapore Beer Market, 2030
• Historical Data and Forecast of Singapore Beer Revenues & Volume for the Period 2020-2030
• Singapore Beer Market Trend Evolution
• Singapore Beer Market Drivers and Challenges
• Singapore Beer Price Trends
• Singapore Beer Porter's Five Forces
• Singapore Beer Industry Life Cycle
• Historical Data and Forecast of Singapore Beer Market Revenues & Volume By Type for the Period 2020-2030
• Historical Data and Forecast of Singapore Beer Market Revenues & Volume By Lager for the Period 2020-2030
• Historical Data and Forecast of Singapore Beer Market Revenues & Volume By Ale for the Period 2020-2030
• Historical Data and Forecast of Singapore Beer Market Revenues & Volume By Stout & Porter for the Period 2020-2030
• Historical Data and Forecast of Singapore Beer Market Revenues & Volume By Malt for the Period 2020-2030
• Historical Data and Forecast of Singapore Beer Market Revenues & Volume By Others for the Period 2020-2030
• Historical Data and Forecast of Singapore Beer Market Revenues & Volume By Category for the Period 2020-2030
• Historical Data and Forecast of Singapore Beer Market Revenues & Volume By Popular Price for the Period 2020-2030
• Historical Data and Forecast of Singapore Beer Market Revenues & Volume By Premium for the Period 2020-2030
• Historical Data and Forecast of Singapore Beer Market Revenues & Volume By Super Premium for the Period 2020-2030
• Historical Data and Forecast of Singapore Beer Market Revenues & Volume By By Packaging for the Period 2020-2030
• Historical Data and Forecast of Singapore Beer Market Revenues & Volume By Glass for the Period 2020-2030
• Historical Data and Forecast of Singapore Beer Market Revenues & Volume By PET Bottle for the Period 2020-2030
• Historical Data and Forecast of Singapore Beer Market Revenues & Volume By Metal Can for the Period 2020-2030
• Historical Data and Forecast of Singapore Beer Market Revenues & Volume By Others for the Period 2020-2030
• Historical Data and Forecast of Singapore Beer Market Revenues & Volume By By Production for the Period 2020-2030
• Historical Data and Forecast of Singapore Beer Market Revenues & Volume By Macro-brewery for the Period 2020-2030
• Historical Data and Forecast of Singapore Beer Market Revenues & Volume By Micro-brewery for the Period 2020-2030
• Historical Data and Forecast of Singapore Beer Market Revenues & Volume By Craft Brewery for the Period 2020-2030
• Historical Data and Forecast of Singapore Beer Market Revenues & Volume By Others for the Period 2020-2030
• Singapore Beer Import Export Trade Statistics
• Market Opportunity Assessment By Type
• Market Opportunity Assessment By Category
• Market Opportunity Assessment By By Packaging
• Market Opportunity Assessment By By Production
• Singapore Beer Top Companies Market Share
• Singapore Beer Competitive Benchmarking By Technical and Operational Parameters
• Singapore Beer Company Profiles
• Singapore Beer Key Strategic Recommendations