Singapore

The ethnic Chinese majority in Singapore, which accounts for around three quarters of the population, has the belief that children born during the auspicious zodiac Year of the Dragon in the Chinese zodiac calendar will harbour beneficial traits and…

Foodservice volume sales of butter and spreads are expected to continue to grow moderately in Singapore in 2024, driven by the domestic growth momentum for dining out. Butter is commonly used as an ingredient in the preparation of numerous dishes…

Despite already having returned to the pre-pandemic level of sales in 2023, foodservice volume sales of cheese are expected to continue to see moderate growth in Singapore in 2024. This is due to the growth momentum for dining out domestically, the…

Retail volume sales of dairy products and alternatives in Singapore are expected to remain stable in 2024, along with retail current value growth due to price rises. Retail volume stability would be quite an achievement, given that the GST rate in…

Fresh milk is generally preferred over shelf stable milk by consumers in Singapore, with higher sales historically. This is set to continue in 2024, with fresh milk expected to account for a 57% share of total volume sales of cow’s milk. However, in…

Overall other dairy in Singapore is set to see a retail volume decline in 2024, although current value growth is expected to remain solid due to price rises. Retail volume sales of coffee whiteners, evaporated milk, and condensed milk are anticipated…

Soy drinks is the largest category within plant-based dairy in Singapore. It has been a popular alternative to dairy milk for decades, especially amongst those who are lactose intolerant or follow a vegan lifestyle. Soy drinks are traditionally…

Volume sales of yoghurt through foodservice are expected to record stable growth in Singapore in 2024, especially plain yoghurt and drinking yoghurt, driven by the rise in dining out occasions and the growth in tourist numbers, which is increasing…