Singapore Ready to Eat Food Market (2020-2026)

Market Forecast By Product Types (Instant Breakfast/Cereals, Instant Soups and Snacks, Ready Meals , Baked Goods, Meat Products & Others), By Distribution Channels (Hypermarkets/Supermarkets, Online Retail Stores , Convenience Stores & Others) and competitive landscape

Product Code: ETC003357 Publication Date: Nov 2022 Product Type: Report
Publisher: 6Wresearch No. of Pages: 70 No. of Figures: 35 No. of Tables: 5

Singapore Ready To Eat Food Market Synopsis

The Singapore ready to eat food market is growing at a healthy pace. Factors contributing to the market growth include an increasing demand for healthy and convenient food, rising incomes, and increased awareness about health risks associated with eating processed foods. Additionally, the ready-to-eat food industry in Singapore has been segmented into three categories: fast food, traditional food, and beverage. The fast food segment is expected to grow. This is due to the increasing popularity of the convenience and affordability factor of this category. The traditional food segment is expected to grow as consumers are shifting away from processed foods and towards healthier options. The beverage segment is expected to grow at a slower rate, owing to the high costs associated with manufacturing these products. The Singapore Ready to Eat Food market is a part of Asia Pacific ready to eat food market and global reday to eat food market.

According to 6Wresearch, Singapore ready to eat food market size is likely to witness growth during 2022-28. This growth will be driven by continued urbanization and increasing affluence in the country. The ready-to-eat food market in Singapore is dominated by Western brands such as Nestle, Unilever, and Mars. However, local brands are also beginning to emerge with innovative products that target regional preferences. For example, roti canai (Malay-style roti bread) companies are innovating their offerings by adding interesting toppings such as shrimp or chicken curry. Meanwhile, fast food chains such as KFC and McDonald's are continuing to expand their operations in the country.

Market Analysis By Regularity Framework

One of the reasons why the government has decided to develop the RTE food market is because it is seen as a way to reduce food waste and promote healthy eating. In addition, the RTE food market is also seen as a way to create jobs. The development of the RTE food market will require a lot of manpower and resources, which will be provided by various government agencies such as the National Development Ministry (NDM), Trade and Industry Ministry (TIM), Food and Drug Authority (FDA), and National Environment Agency (NEA). Additionally, the NDM has been working on developing guidelines for RTE food manufacturers since 2015. These guidelines will help manufacturers comply with hygiene regulations, public health standards, and safety requirements. In addition, the NDM has been working on developing marketing strategies for RTE foods so that they can be marketed towards consumers in a way that is both appealing and informative.

Market Analysis By Product Type

In terms of product type, the market is categorized into instant breakfast/cereals, instant soups and snacks, ready meals, baked products, meat products and others. The ready meals accounts for the highest market share. Additionally, one key advantage that local brands have over Western brands is their familiarity with regional preferences. For example, Ramen Noodle Bar is known for its Japanese noodles, while stall specializing in Indian cuisine such as Tikka Masala Curry House offer customers a variety of dishes not typically found at Western fast food chains. This familiarity will be critical as Singaporeans increasingly seek out unique culinary experiences unavailable elsewhere in the region.

COVID-19 Influence on the Singapore Ready To Eat Food Market

The occurrence of Covid-19 pandemic has resulted in a slowdown. However, the market has recovered gradually. Currently, as the ready-to-eat food market in Singapore continues to grow, innovative local brands will need to emerge to compete. Further, some of these improvements include improved food safety and sanitation through increased access to technology at point of consumption.

Key Attractiveness of the Report

  • COVID-19 Influence on the Market Dynamics.
  • 10 Years of Market Data.
  • Historical Numbers from 2018 to 2021.
  • Base Year: 2021
  • Market Forecast Data Until 2028
  • Key Performance Indicators Influencing the Market.
  • Key Developments and Projects.

Key Highlights of the Report:

  • Singapore Ready to Eat Food Market Overview
  • Singapore Ready to Eat Food Market Outlook
  • Singapore Ready to Eat Food Market Forecast
  • Singapore Ready to Eat Food Market Size and Singapore Ready to Eat Food Market Forecast until 2028
  • Singapore Ready to Eat Food Market Share, By Types
  • Singapore Ready to Eat Food Market Share, By Product
  • Singapore Ready to Eat Food Market Share, By Distribution Channels
  • Singapore Ready to Eat Food Market Share, By Region
  • Historical Data of Singapore Ready to Eat Food Market Revenues and Volume for the period, 2018-2021
  • Market size and Forecast of Singapore Ready to Eat Food Market Revenues and Volume until 2025
  • Historical Data of Singapore Ready to Eat Food Market Revenues and Volume, By Product Types, for the Period 2018-2021
  • Market size and Forecast of Singapore Ready to Eat Food Market Revenues and Volume, By Product Types, until 2025
  • Historical Data of Singapore Ready to Eat Food Market Revenues and Volume, By Distribution Channels, for the Period 2018-2021
  • Market size and Forecast of Singapore Ready to Eat Food Market Revenues and Volume, By Distribution Channels, until 2025
  • Historical Data of Singapore Ready to Eat Food Market Revenues and Volume, By Region, for the Period 2018-2021
  • Market size and Forecast of Singapore Ready to Eat Food Market Revenues and Volume, By Region, until 2025
  • Singapore Ready to Eat Food Market Drivers and Restraints
  • Singapore Ready to Eat Food Market Trends and Industry Life Cycle
  • Porter’s Five Force Analysis
  • Singapore Ready to Eat Food Market Opportunity Assessment
  • Singapore Ready to Eat Food Market Revenue Share, By Company
  • Singapore Ready to Eat Food Market Overview on Competitive Benchmarking
  • Company Profiles
  • Key Strategic Recommendations

Markets Covered

The report delivers a widespread study of the subsequent market segments:

By Product

  • Instant Breakfast/Cereals
  • Instant Soups and Snacks
  • Ready Meals
  • Baked Products
  • Meat Products
  • Others

By Distribution Channels

  • Hypermarkets/Supermarkets
  • Online Retail Stores
  • Convenience Stores

Frequently Enquired Queries Regarding the Market Study: FAQs

1). Which product type accounts for the maximum market share in the Singapore Ready to Eat Food Market?

The ready meals accounts for the maximum market share in the Singapore Ready To Eat Food market.

2). Does the report include the impression of COVID-19?

Yes, the report includes the stimulus of COVID-19.

3). Which distribution channel is predictable to register the highest growth rate?

The hypermarkets and supermarkets are projected to record the highest share in future.

4). What are the critical factors which are increasing the market demand?                                               

The growth of the market is attributed to increasing demand for healthy and convenient food, rising incomes, and increased awareness about health risks.

5). What are the major challenges in the Singapore Ready To Eat Food Market?                                                                               

Some of the major challenges are stringent competition in terms of pricing and strict government regulations

1. Executive Summary

2. Introduction

2.1. Report Description

2.2. Key Highlights of The Report

2.3. Market Scope & Segmentation

2.4. Research Methodology

2.5. Assumptions

3. Singapore Ready to Eat Food Market Overview

3.1. Singapore Ready to Eat Food Market Revenues, 2016-2026F

3.2. Singapore Ready to Eat Food Market Revenue Share, By Product Types, 2019 & 2026F

3.3. Singapore Ready to Eat Food Market Revenue Share, By Distribution Channels, 2019 & 2026F

3.4. Singapore Ready to Eat Food Market Revenue Share, By Countries, 2019 & 2026F

3.5. Singapore Ready to Eat Food Market IndSingaporetry Life Cycle

3.6. Singapore Ready to Eat Food Market- Porter’s Five Forces

4. Singapore Ready to Eat Food Market Dynamics

4.1. Impact Analysis

4.2. Market Drivers

4.3. Market Restraints

5. Singapore Ready to Eat Food Market Trends

6. Singapore Ready to Eat Food Market Overview, By Product Types

6.1. Singapore Ready to Eat Food Market Revenues, By Instant Breakfast/Cereals, 2016-2026F

6.2. Singapore Ready to Eat Food Market Revenues, By Instant Soups and Snacks, 2016-2026F

6.3. Singapore Ready to Eat Food Market Revenues, By Ready Meals, 2016-2026F

6.4. Singapore Ready to Eat Food Market Revenues, By Baked Goods, 2016-2026F

6.5. Singapore Ready to Eat Food Market Revenues, By Others, 2016-2026F

6.6. Singapore Ready to Eat Food Market Revenues, By Meat Products, 2016-2026F

7. Singapore Ready to Eat Food Market Overview, By Distribution Channels

7.1. Singapore Ready to Eat Food Market Revenues, By Online Retailers, 2016-2026F

7.2. Singapore Ready to Eat Food Market Revenues, By Convinieince Stores, 2016-2026F

7.3. Singapore Ready to Eat Food Market Revenues, By Hypermarkets/Supermarkets, 2016-2026F

7.4. Singapore Ready to Eat Food Market Revenues, By Others, 2016-2026F

8. Singapore Ready to Eat Food Market Overview, By Region

8.1. Singapore Ready to Eat Food Market Revenues, By Region, 2016-2026F

8.2. Singapore Ready to Eat Food Market Volume, By Region, 2016-2026F

9. Singapore Ready to Eat Food Market Key Performance Indicators

10. Singapore Ready to Eat Food Market Opportunity Assessment

10.1. Singapore Ready to Eat Food Market, Opportunity Assessment, By Product Types, 2025F

10.2. Singapore Ready to Eat Food Market, Opportunity Assessment, By Region, 2025F

11. Singapore Ready to Eat Food Market Competitive Landscape

11.1. Singapore Ready to Eat Food Market Competitive Benchmarking, By Product

11.2. Singapore Ready to Eat Food Market Revenue Share, By Company, 2019

12. Company Profiles

13. Key Strategic Recommendations

14. Disclaimer

India Ready to Eat Food Market (2020-2026): Market Forecast By Product Types (Meat/Poultry Products, Cereal Based Products, Vegetables Based Products & Others), By Packaging Types (Sachet, Canned, Boxed, Frozen or Chilled & Others), By Distribution Channels (Hypermarkets/Supermarkets, Conveniences/Departmental Stores, Specialty Stores, Online Stores & Others) and Competitive Landscape

Thailand Ready to Eat Food Market (2020-2026): Market Forecast By Product Types (Meat/Poultry Products, Cereal Based Products, Vegetables Based Products & Others), By Packaging Types (Sachet, Canned, Boxed, Frozen or Chilled & Others), By Distribution Channels (Hypermarkets/Supermarkets, Conveniences/Departmental Stores, Specialty Stores, Online Stores & Others) and Competitive Landscape

Malaysia Ready to Eat Food Market (2020-2026): Market Forecast By Product Types (Meat/Poultry Products, Cereal Based Products, Vegetables Based Products & Others), By Packaging Types (Sachet, Canned, Boxed, Frozen or Chilled & Others), By Distribution Channels (Hypermarkets/Supermarkets, Conveniences/Departmental Stores, Specialty Stores, Online Stores & Others) and Competitive Landscape

Indonesia Ready to Eat Food Market (2020-2026): Market Forecast By Product Types (Meat/Poultry Products, Cereal Based Products, Vegetables Based Products & Others), By Packaging Types (Sachet, Canned, Boxed, Frozen or Chilled & Others), By Distribution Channels (Hypermarkets/Supermarkets, Conveniences/Departmental Stores, Specialty Stores, Online Stores & Others) and Competitive Landscape

Philippines Ready to Eat Food Market (2020-2026): Market Forecast By Product Types (Meat/Poultry Products, Cereal Based Products, Vegetables Based Products & Others), By Packaging Types (Sachet, Canned, Boxed, Frozen or Chilled & Others), By Distribution Channels (Hypermarkets/Supermarkets, Conveniences/Departmental Stores, Specialty Stores, Online Stores & Others) and Competitive Landscape

Vietnam Ready to Eat Food Market (2020-2026): Market Forecast By Product Types (Meat/Poultry Products, Cereal Based Products, Vegetables Based Products & Others), By Packaging Types (Sachet, Canned, Boxed, Frozen or Chilled & Others), By Distribution Channels (Hypermarkets/Supermarkets, Conveniences/Departmental Stores, Specialty Stores, Online Stores & Others) and Competitive Landscape

Sri Lanka Ready to Eat Food Market (2020-2026): Market Forecast By Product Types (Meat/Poultry Products, Cereal Based Products, Vegetables Based Products & Others), By Packaging Types (Sachet, Canned, Boxed, Frozen or Chilled & Others), By Distribution Channels (Hypermarkets/Supermarkets, Conveniences/Departmental Stores, Specialty Stores, Online Stores & Others) and Competitive Landscape

Bangladesh Ready to Eat Food Market (2020-2026): Market Forecast By Product Types (Meat/Poultry Products, Cereal Based Products, Vegetables Based Products & Others), By Packaging Types (Sachet, Canned, Boxed, Frozen or Chilled & Others), By Distribution Channels (Hypermarkets/Supermarkets, Conveniences/Departmental Stores, Specialty Stores, Online Stores & Others) and Competitive Landscape

Cambodia Ready to Eat Food Market (2020-2026): Market Forecast By Product Types (Meat/Poultry Products, Cereal Based Products, Vegetables Based Products & Others), By Packaging Types (Sachet, Canned, Boxed, Frozen or Chilled & Others), By Distribution Channels (Hypermarkets/Supermarkets, Conveniences/Departmental Stores, Specialty Stores, Online Stores & Others) and Competitive Landscape

Myanmar Ready to Eat Food Market (2020-2026): Market Forecast By Product Types (Meat/Poultry Products, Cereal Based Products, Vegetables Based Products & Others), By Packaging Types (Sachet, Canned, Boxed, Frozen or Chilled & Others), By Distribution Channels (Hypermarkets/Supermarkets, Conveniences/Departmental Stores, Specialty Stores, Online Stores & Others) and Competitive Landscape

Australia Ready to Eat Food Market (2020-2026): Market Forecast By Product Types (Meat/Poultry Products, Cereal Based Products, Vegetables Based Products & Others), By Packaging Types (Sachet, Canned, Boxed, Frozen or Chilled & Others), By Distribution Channels (Hypermarkets/Supermarkets, Conveniences/Departmental Stores, Specialty Stores, Online Stores & Others) and Competitive Landscape

North America Ready To Eat Food Market (2020-2026): Market Forecast By Product Types (Instant Breakfast/Cereals, Instant Soups, and Snacks, Ready Meals, Baked Goods, Meat Products & Others), By Distribution Channels (Hypermarkets/Supermarkets, Online Retail Stores, Convenience Stores & Others), By Countries (US, Canada) and competitive landscape

Latin America Ready To Eat Food Market (2020-2026): Market Forecast By Product Types (Meat/Poultry Products, Cereal Based Products, Vegetables Based Products & Others), By Packaging Types (Sachet, Canned, Boxed, Frozen Or Chilled & Others), By Distribution Channels (Hypermarkets/Supermarkets, Conveniences/Departmental Stores, Specialty Stores, Online Stores & Others), By Countries (Brazil, Argentina, Mexico, Chile & Rest Of Latin America) And Competitive Landscape

Europe Ready To Eat Food Market (2020-2026): Market Forecast By Product Types (Meat/Poultry Products, Cereal Based Products, Vegetables Based Products & Others), By Packaging Types (Sachet, Canned, Boxed, Frozen Or Chilled & Others), By Distribution Channels (Hypermarkets/Supermarkets, Conveniences/Departmental Stores, Specialty Stores, Online Stores & Others), By Countries (France, Germany, Italy, Spain, UK & Rest Of Europe) And Competitive Landscape

Asia Pacific (APAC) Ready To Eat Food Market (2020-2026): Market Forecast By Product Types (Meat/Poultry Products, Cereal Based Products, Vegetables Based Products & Others), By Packaging Types (Sachet, Canned, Boxed, Frozen Or Chilled & Others), By Distribution Channels (Hypermarkets/Supermarkets, Conveniences/Departmental Stores, Specialty Stores, Online Stores & Others), By Countries (India, China, Japan, South Korea, Malaysia, Thailand, Singapore, Indonesia, Vietnam & Rest Of Asia Pacific) And Competitive Landscape

Middle East Ready To Eat Food Market (2020-2026): Market Forecast By Product Types (Meat/Poultry Products, Cereal Based Products, Vegetables Based Products & Others), By Packaging Types (Sachet, Canned, Boxed, Frozen Or Chilled & Others), By Distribution Channels (Hypermarkets/Supermarkets, Conveniences/Departmental Stores, Specialty Stores, Online Stores & Others), By Key Countries (Saudi Arabia, Qatar, UAE, Kuwait, Oman, Turkey, Bahrain, Rest Of Middle East) And Competitive Landscape

Africa Ready To Eat Food Market (2020-2026): Market Forecast By Product Types (Meat/Poultry Products, Cereal Based Products, Vegetables Based Products & Others), By Packaging Types (Sachet, Canned, Boxed, Frozen Or Chilled & Others), By Distribution Channels (Hypermarkets/Supermarkets, Conveniences/Departmental Stores, Specialty Stores, Online Stores & Others), By Countries (Kenya, Nigeria, South Africa & Rest Of Africa) And Competitive Landscape

 

Market Forecast By Product Types (Instant Breakfast/Cereals, Instant Soups and Snacks, Ready Meals , Baked Goods, Meat Products & Others), By Distribution Channels (Hypermarkets/Supermarkets, Online Retail Stores , Convenience Stores & Others) and competitive landscape

Product Code: ETC003357 Publication Date: Aug 2020 Product Type: Report
Publisher: 6Wresearch No. of Pages: 70 No. of Figures: 35 No. of Tables: 5

Singapore Ready to Eat Food market is expected to witness potential growth in the upcoming six years owing to rising preferences of the consumers towards seeking convenient eatables along with the rising perception of the consumers towards purchasing chilled food as it retains more freshness as compared to canned or frozen food. Further, the increased shelf life of these products along with the use of low preservatives in the preparations of such meals is increasing the adoption of ready to eat food and would proliferate sound market revenues for Singapore ready to eat food market in the upcoming six years.

According to 6Wresearch, Singapore Ready to Eat Food Market is anticipated to witness growth during the forecast period 2020-26F. The spread of COVID-19 is anticipated to spur the sales of Ready to Eat Food across Singapore owing to the rising involvement of the natives towards the procurement of dry food on the back of hygiene concerns. However, a spur in the rapid demand for packed foods as compared to short supply owing to complete lockdown and suspension of the production activities is anticipated to hinder the growth of the Singapore Ready to Eat Food market during the year 2020. However, since the COVID spread would take time to slow down, increased hygiene concerns in the latter part of 2020 and the beginning of 2021 would offer lucrative growth opportunities to the Singapore Ready to Eat Food market in the coming years.

On the basis of Distribution Channels, hypermarkets and supermarkets are anticipated to register the highest growth rate in the overall Singapore Ready to Eat Food market during the projected period owing to rising consumer preference towards store shopping coupled with enhanced living standards and ease of shopping offered by the premium hypermarkets, which is increasing the consumer preference towards a purchase from hypermarkets and supermarkets and would assist the segment gain potential revenues during the forecast period.

The Singapore Ready to Eat Food report thoroughly covers the market by Product Types and by Distribution Channels. Singapore Ready to Eat Food outlook report provides an unbiased and detailed analysis of the on-going Singapore Ready to Eat Food trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Rise in the disposable incomes, government and support services by international brands, rapid urbanization, globalization, and rising healthy food consumption trends are further, some of the potential drivers of the Singapore Ready to Eat Food market. Additionally, demand for short and less-time consuming ready to eat meals, rising awareness regarding the plastic packaged food coupled with demand for substitute and longer shelf-life possessing food products are anticipated to proliferate the market growth of Singapore Ready to Eat Food market in the near term. On the basis of product types, instant breakfast/cereals are expected to register the highest growth during the forecast period 2020-26F owing to increased dietary concentrations in the cereals and is shifting the interest of many consumers towards the consumption of instant breakfast cereals and is expected to drive substantial demand projections for the same in the Singapore Ready to Eat Food market in the near future. Further, a rapid rise in tourism in the country being the country a tourism hub is expected to provide spectacular growth opportunities for Singapore ready to eat food market to witness a proliferation in the coming timeframe. The tourism industry in the country is a source of hard currency in the country. The tourism industry is an encouraging and promising field and a source of taxes in the country. Additionally, the growth of the tourism industry is directly related to the growth of Singapore ready to eat food market. The growth of the tourism receipts is discussed as follows:

Singapore Ready to Eat Food market is expected to register growth during the forecast period 2020-26F owing to the rising number of the middle-class population coupled with the increasing preference of consumers towards buying premium food staples. However, the rising effects of the COVID-19 virus are likely to contribute towards the slow growth of the Ready to eat Food industry in the country on the back of complete lockdown and are likely to hamper consumer spending which would restrain the growth of Singapore Ready to eat Food market during 2020. However, owing to rising health and hygiene concerns, ready to eat food is anticipated to register substantial sales volume during and in the later part of 2020 on the back of shelf-piling dry food concerns in the country. Increased shelf-life of the ready to eat foods along with sustaining the food quality and tastes through metal containers are further, some of the factors which are expected to benefit the growth of Singapore ready to eat food market in the near future. Moreover, an increase in the participation of women in the workforce along with rapid urbanization and increased per capita spending is expected to contribute towards significant demand for ready-to-eat food in the country in the coming years.

Key Highlights of the Report:

  • Singapore Ready to Eat Food Market Overview
  • Singapore Ready to Eat Food Market Outlook
  • Singapore Ready to Eat Food Market Forecast
  • Singapore Ready to Eat Food Market Size and Singapore Ready to Eat Food Market Forecast until 2025
  • Singapore Ready to Eat Food Market Share, By Types
  • Singapore Ready to Eat Food Market Share, By Product
  • Singapore Ready to Eat Food Market Share, By Distribution Channels
  • Singapore Ready to Eat Food Market Share, By Region
  • Historical Data of Singapore Ready to Eat Food Market Revenues and Volume for the period, 2015-2018
  • Market size and Forecast of Singapore Ready to Eat Food Market Revenues and Volume until 2025
  • Historical Data of Singapore Ready to Eat Food Market Revenues and Volume, By Product Types, for the Period 2015-2018
  • Market size and Forecast of Singapore Ready to Eat Food Market Revenues and Volume, By Product Types, until 2025
  • Historical Data of Singapore Ready to Eat Food Market Revenues and Volume, By Distribution Channels, for the Period 2015-2018
  • Market size and Forecast of Singapore Ready to Eat Food Market Revenues and Volume, By Distribution Channels, until 2025
  • Historical Data of Singapore Ready to Eat Food Market Revenues and Volume, By Region, for the Period 2015-2018
  • Market size and Forecast of Singapore Ready to Eat Food Market Revenues and Volume, By Region, until 2025
  • Singapore Ready to Eat Food Market Drivers and Restraints
  • Singapore Ready to Eat Food Market Trends and Industry Life Cycle
  • Porter’s Five Force Analysis
  • Singapore Ready to Eat Food Market Opportunity Assessment
  • Singapore Ready to Eat Food Market Revenue Share, By Company
  • Singapore Ready to Eat Food Market Overview on Competitive Benchmarking
  • Company Profiles
  • Key Strategic Recommendations

Markets Covered

The Singapore Ready to Eat Food Market report provides a detailed analysis of the following market segments:

  • By Product
    • Instant Breakfast/Cereals
    • Instant Soups and Snacks
    • Ready Meals
    • Baked Products
    • Meat Products
    • Others

  • By Distribution Channels:
    • Hypermarkets/Supermarkets
    • Online Retail Stores
    • Convenience Stores
    • Others

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