Product Code: ETC040628 | Publication Date: Jul 2023 | Updated Date: Jan 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
The frozen fruit and vegetables market in Singapore is expected to grow at a CAGR of more than 4.4% during the forecast period 2020-2026. Frozen fruits and vegetables are food products that are stored at an ultra-low temperature, typically below -18?C, to preserve their freshness for extended periods. Consumers in Singapore have embraced the convenience of frozen foods as a component of healthy diets due to its easy availability in supermarkets and convenience stores. Furthermore, rising awareness about health benefits associated with consuming frozen fruits & vegetables has further led to increased demand for these products across the country over the past few years.
The main drivers behind increased consumer adoption of frozen fruits & vegetables include increasing working population coupled with busy lifestyles which lead people towards looking for convenient solutions while maintaining nutrition standards; rising disposable income; growing consciousness about health benefits associated with consuming natural organic food items; changing dietary patterns; favorable government initiatives encouraging consumption of healthy snacks such as those made from dried or freeze-dried sweet potatoes; technological advancements leading towards improved quality and longer shelf life along with lower prices and wider product choices available in retail channels.
The major challenge faced by companies operating in this industry is meeting consumer demands around long shelf life for their products without compromising on nutritional content as well as taste appeal. Additionally, issues related to fluctuation cost structure owing changes in raw material procurement costs cause price volatility resulting into decreased profitability margins for vendors operating within this sector. Moreover, stringent governmental regulations impacting packaging requirements add up additional pressure on players active within this space making it difficult for them to achieve desired returns from operations conducted under these conditions.
The key players operating within Singapore frozen fruit and vegetable market include Del Monte Pacific Limited., Dole Food Company Inc., Hain Celestial Group Inc.
Due to Covid-19 pandemic situation prevailing since early 2020 there was initial disruption observed throughout different segments present within this industry notably due closure down physical retail outlets during lockdown implemented across various regions impacting sales channel dynamics negatively along with overall production capacity being affected owing labor shortage issues affecting operational efficiencies especially amongst small scale players who lack scalability capabilities when compared against larger counterparts having resources necessary combat disruptions arising out such unforeseen situations more effectively.However post relaxation measures being applied gradually things have started normalizing although certain impact can still be seen lingering here onwards also.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Singapore Frozen Fruit & Vegetables Market Overview |
3.1 Singapore Country Macro Economic Indicators |
3.2 Singapore Frozen Fruit & Vegetables Market Revenues & Volume, 2020 & 2030F |
3.3 Singapore Frozen Fruit & Vegetables Market - Industry Life Cycle |
3.4 Singapore Frozen Fruit & Vegetables Market - Porter's Five Forces |
3.5 Singapore Frozen Fruit & Vegetables Market Revenues & Volume Share, By Product Type, 2020 & 2030F |
3.6 Singapore Frozen Fruit & Vegetables Market Revenues & Volume Share, By Applications, 2020 & 2030F |
3.7 Singapore Frozen Fruit & Vegetables Market Revenues & Volume Share, By Distribution Channel, 2020 & 2030F |
4 Singapore Frozen Fruit & Vegetables Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Singapore Frozen Fruit & Vegetables Market Trends |
6 Singapore Frozen Fruit & Vegetables Market, By Types |
6.1 Singapore Frozen Fruit & Vegetables Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Singapore Frozen Fruit & Vegetables Market Revenues & Volume, By Product Type, 2020-2030F |
6.1.3 Singapore Frozen Fruit & Vegetables Market Revenues & Volume, By Frozen Vegetables, 2020-2030F |
6.1.4 Singapore Frozen Fruit & Vegetables Market Revenues & Volume, By Frozen Fruits, 2020-2030F |
6.2 Singapore Frozen Fruit & Vegetables Market, By Applications |
6.2.1 Overview and Analysis |
6.2.2 Singapore Frozen Fruit & Vegetables Market Revenues & Volume, By Fruits, 2020-2030F |
6.2.3 Singapore Frozen Fruit & Vegetables Market Revenues & Volume, By Vegetables, 2020-2030F |
6.3 Singapore Frozen Fruit & Vegetables Market, By Distribution Channel |
6.3.1 Overview and Analysis |
6.3.2 Singapore Frozen Fruit & Vegetables Market Revenues & Volume, By Hypermarkets/Supermarkets, 2020-2030F |
6.3.3 Singapore Frozen Fruit & Vegetables Market Revenues & Volume, By Convenience Stores, 2020-2030F |
6.3.4 Singapore Frozen Fruit & Vegetables Market Revenues & Volume, By E-commerce, 2020-2030F |
7 Singapore Frozen Fruit & Vegetables Market Import-Export Trade Statistics |
7.1 Singapore Frozen Fruit & Vegetables Market Export to Major Countries |
7.2 Singapore Frozen Fruit & Vegetables Market Imports from Major Countries |
8 Singapore Frozen Fruit & Vegetables Market Key Performance Indicators |
9 Singapore Frozen Fruit & Vegetables Market - Opportunity Assessment |
9.1 Singapore Frozen Fruit & Vegetables Market Opportunity Assessment, By Product Type, 2020 & 2030F |
9.2 Singapore Frozen Fruit & Vegetables Market Opportunity Assessment, By Applications, 2020 & 2030F |
9.3 Singapore Frozen Fruit & Vegetables Market Opportunity Assessment, By Distribution Channel, 2020 & 2030F |
10 Singapore Frozen Fruit & Vegetables Market - Competitive Landscape |
10.1 Singapore Frozen Fruit & Vegetables Market Revenue Share, By Companies, 2023 |
10.2 Singapore Frozen Fruit & Vegetables Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |