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Sector Analysis
Consumer and Market Insights: Dairy & Soy Food in Singapore
Singapore’s strong economy and consumer’s high disposable income will facilitate the growth of Dairy & Soy Food market in the country. The market is being led by the Milk category both in value and volume terms while the Drinkable Yogurt category is forecast to register fastest growth during 2015-2020. Hypermarkets & Supermarkets account for the majority of distribution share for Dairy & Soy Food products in Singapore. The penetration of private label products in the market remains low.