Singapore Frozen Food Market Analysis, Trends and Forecasts, 2024
14
September 2018 -
Singapore Frozen Food Market is
expected to be valued at USD 141.4 Million By 2024. Singapore is the tourist
hub of Asia Pacific region, the country is expected to have huge food industry
with many restaurants, hotels, airline caterers, hospitals, ship handlers, and
clubs.
Singapore tends to be a strategic entry point for key exporters who are looking to tap into the vast regional market. Furthermore, well established judicial system, stable political structure, good corporate governance, and presence of strong domestic institutions have made Singapore the favourite destination for business setup and operations.
Singapore tends to be a strategic entry point for key exporters who are looking to tap into the vast regional market. Furthermore, well established judicial system, stable political structure, good corporate governance, and presence of strong domestic institutions have made Singapore the favourite destination for business setup and operations.
Growing
urbanization coupled with rising disposable income is expected to be one of
among the key drivers for the rise in purchasing power of frozen food products
by local people. Frozen food market in Singapore is on the edge of further
expansion owing to the rapid expansion of food outlets along with reduced
tariff barriers on frozen food imports by the government. However, highly
priced frozen food products from multinational brands are expected to hamper
the overall frozen food segment in Singapore but, sophisticated
health-conscious adults, as well as teenagers, are ready to pay premium prices
for the superior quality provided.
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Details of Report @ https://www.hexaresearch.com/research-report/singapore-frozen-food-market
Frozen meat
products are the largest segment of the frozen food market in Singapore,
accounting for a maximum market revenue share of more than 30% in the year 2016
and is expected to grow at a healthy CAGR owing to changing the perception of
local people of Singapore towards frozen meat and seafood products on a
positive scale.
Singapore
is the tourist hub of the Asia Pacific region, the country is expected to have
huge food industry with many restaurants, hotels, airline caterers, hospitals,
ship handlers, and clubs. Singapore tends to be a strategic entry point for key
exporters who are looking to tap into the vast regional market. The trend for
ready meals and convenience food is further expected to drive the growth of
frozen food market in Singapore.
Hexa Research has segmented the Singapore frozen food
market report based on type and distribution chanel:
Segmentation
by Type
• Frozen ready meals
• Frozen Pizza
• Frozen fish/seafood
• Frozen Meat
• Frozen potato products
• Frozen bakery products
• Others
• Frozen ready meals
• Frozen Pizza
• Frozen fish/seafood
• Frozen Meat
• Frozen potato products
• Frozen bakery products
• Others
Segmentation
by Distribution Channel
• Online
• Offline
• Online
• Offline
Key players
analyzed:
• Ben Foods Pvt Ltd
• C S Tay Foods Pvt Ltd
• Charoen Pokphand Intertrade Pte Ltd
• Auric Pacific Group Limited
• Ken Ken Food Mfg. Pvt Ltd
• Ben Foods Pvt Ltd
• C S Tay Foods Pvt Ltd
• Charoen Pokphand Intertrade Pte Ltd
• Auric Pacific Group Limited
• Ken Ken Food Mfg. Pvt Ltd
About Us:
Hexa Research is a market research and
consulting organization, offering industry reports, custom research and
consulting services to a host of key industries across the globe. We offer
comprehensive business intelligence in the form of industry reports which help
our clients obtain clarity about their business environment and enable them to
undertake strategic growth initiatives.
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Hexa Research
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