Singapore Meat Market Opportunities, Trends, Growth Analysis and Forecast to 2027
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Singapore Meat Market Overview
The Singapore meat market was valued at SGD2.4 billion ($1.7 billion) in 2022 and is expected to grow at a CAGR of more than 2% during the period 2022-2027. Chilled raw packaged meat – whole cuts was the largest category in 2022. This category is forecast to register the fastest value growth during 2022-2027 as well.
Singapore Meat Market Outlook, (SGD Billion, 2022)
The Singapore meat market report provides an overview of the overall sector value and volume data with a growth analysis for 2017-2027. The report also offers value and growth analysis of individual segment shares within each category and the change in their market share forecast for 2022-2027.
Market size 2022 | SGD2.4 Billion ($1.7 Billion) |
CAGR % | >2% |
Review Period | 2017-2022 |
Forecast period | 2023-2027 |
Key Categories | · Chilled Raw Packaged Meat-Whole Cuts
· Chilled Raw Packaged Meat-Processed · Ambient Meat · Cooked Meats-Counter · Cooked Meats-Packaged · Fresh Meat (Counter) · Frozen Meat |
Key Distribution Channels | · Hypermarkets and Supermarkets
· Food and Drinks Specialists · Convenience Stores · Cash and Carry and Warehouse Clubs · E-Retailers · Others |
Key Pack Materials | · Rigid Plastics
· Flexible Packaging · Rigid Metal |
Competitors | · Frangosul S.A. Agro Avícola Indústrial
· Porkee Sausage · QAF Limited · Danish Crown Foods A/S · Charoen Pokphand Group |
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Singapore Meat Market Segmentation by Categories
Per capita consumption of chilled raw packaged meal – whole cuts was higher in Singapore than at the global level and the regional level (APAC).
Chilled raw packaged meat – whole cuts was the largest category in 2022. It was followed by fresh meat (counter) and frozen meat. The other key categories in the Singapore meat market are chilled raw packaged meat-processed, ambient meat, cooked meats-counter, cooked meats-packaged, and frozen meat.
Singapore Meat Market, by Categories, 2022 (%)
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Singapore Meat Market, Segmentation by Distribution Channels
Hypermarkets & supermarkets was the leading distribution channel in the Singapore meat sector in 2022.
It was followed by food & drinks specialists. Other key distribution channels in the Singapore meat market are convenience stores, e-retailers, and others. The report also provides a change in channel distribution share in the meat sector of Singapore between 2017 and 2022.
Singapore Meat Market, by Distribution Channel, 2022 (%)
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Singapore Meat Market Segmentation by Pack Materials
Rigid plastics accounted for the highest share in the Singaporean meat sector, in 2022. It was followed by flexible packaging and rigid metal.
Singapore Meat Market, by Pack Materials, 2022 (%)
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Singapore Meat Market - Competitive Landscape
Frangosul S.A. Agro Avícola Indústrial held the highest value share in the Singapore meat sector in 2022.
The report provides an overview of leading brands in the market, besides analyzing, market share, and growth of private labels in each category.
Some of the other leading competitors in the Singapore meat market are:
- Porkee Sausage
- QAF Limited
- Danish Crown Foods A/S
- Charoen Pokphand Group
Competitors in the Singapore Meat Industry, 2022 (%)
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Singapore Meat Market Categories Outlook, (SGD Billion, 2022)
- Chilled Raw Packaged Meat-Processed
- Ambient Meat
- Chilled Raw Packaged Meat-Whole Cuts
- Cooked Meats-Counter
- Cooked Meats-Packaged
- Fresh Meat (Counter)
- Frozen Meat
Singapore Meat Market Distribution Channels Outlook, (SGD Billion, 2022)
- Hypermarkets and Supermarkets
- Food and Drinks Specialists
- Convenience Stores
- Cash and Carry and Warehouse Clubs
- E-Retailers
- Others
Singapore Meat Market Pack Materials Outlook, (SGD Billion, 2022)
- Rigid Plastics
- Flexible Packaging
- Rigid Metal
Scope
- Sector data: Overall sector value and volume data with growth analysis for 2017-2027.
- Category coverage: Value and growth analysis of ambient meat, chilled raw packaged meat processed, chilled raw packaged meat whole cuts, cooked meats counter, cooked meats packaged, fresh meat ( and frozen meat) with inputs on individual segment share within each category and the change in their market share forecast for 2022–2027.
- Leading players: Market share of companies (in value and volume terms) in 2022.
- Distribution data: Provides analysis on the leading distribution channels, both at a sector and category level in 2022. The consumer sector reports cover the following 11 distribution channels: cash & carries and warehouse clubs, convenience stores, department stores, “dollar stores”, variety stores & general merchandise retailers, e-retailers, hypermarkets & supermarkets, food & drinks specialists, and other general retailers.
- Health & Wellness Analysis: Provides analysis on the value of health wellness claims by category in the Singaporean meat sector for the 2017-2022 period The analysis includes the key health
wellness attributes and consumer benefits driving the sales of the meat market in Singapore in 2022.
- Packaging: The report provides a percentage share (in 2022 and a growth analysis (for 2017 2027) of various pack materials, pack types, closure types, and primary outer types used in the Singapore meat sector. The analysis is at both the sector and category level and is based on the volume sales (by pack kg) of meat in the country.
Reasons to Buy
- Identify high-potential categories and explore further market opportunities based on detailed value and volume analysis
- Existing and new players can analyze key distribution channels to identify and evaluate trends and opportunities
- Gain an understanding of the total competitive landscape based on detailed company share analysis to plan effective market positioning
- Our team of analysts has placed a significant emphasis on changes expected in the market that will provide a clear picture of the opportunities that can be tapped over the next five years, resulting in revenue expansion
- Analysis of key macroeconomic indicators such as real GDP, nominal GDP, consumer price index, household consumption expenditure, population (by age group, gender, rural-urban split, employed people, and unemployment rate. It also includes an economic summary of the country along with the labor market and demographic trends.
Porkee Sausage
QAF Limited
Danish Crown Foods A/S
Charoen Pokphand Group
Amoy Canning
BRF S.A.
Hormel Foods Corporation
Yit Hong Pte Ltd.
Table of Contents
Table
Figures
Frequently asked questions
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What was the Singapore meat market size in the year 2022?
The Singapore meat market size was valued at SGD2.4 billion ($1.7 billion) in 2022.
-
What is the Singapore meat market growth rate?
The Singapore meat market is expected to grow at a CAGR of more than 2% during the period 2022-2027.
-
Which was the leading category in the Singapore meat market in 2022?
Chilled raw packaged meat – whole cuts category was the leading category in the Singapore meat sector in 2022.
-
Which are the leading players in the Singapore meat market?
The leading players in the Singapore meat market are Frangosul S.A. Agro Avícola Indústrial, Porkee Sausage, QAF Limited, Danish Crown Foods A/S, and Charoen Pokphand Group.
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