This report profiles Singapore’s food and beverage industry, discussing market trends through 2013 and outlook for 2014 and beyond. The report also highlights leading players in the sector including Fraser and Neave Limited (F&N), Olam International Limited (OLAM), Petra Foods Limited and Food Empire Holdings Limited (FEH).
Singapore is a relatively wealthy nation and has high per capita food consumption. On a per capita basis, Singapore has the highest food consumption levels in the Southeast Asia region. Singapore’s food and beverage (F&B) services industry contributed approximately 3.2% to the country’s total GDP in 2013. Due to limited domestic agricultural production and rapid urbanisation, the country imports more than 90% of its food products, particularly from other Asian countries.
Expenditure on F&B has grown steadily in Singapore, with market value expanding at a CAGR of more than 5%. The rise in the number of working women, growing middle class population and the surge in disposable income were the main drivers of this growth.
Going forward, the country’s F&B industry is expected to witness robust growth thanks to highly promising per capita consumption growth. Food services, which currently represents more than 40% of the total F&B spending in Singapore, is expected to increase due to higher incomes and rising tourist arrivals.
• Singapore’s F&B industry contributed around 3.2% to the country’s total GDP in 2013. The rise in the number of working women, growing middle class population and the surge in disposable income have contributed to the expanding F&B market.
• On a per capita basis, Singapore has the highest food consumption levels in the Southeast Asia region. Singapore’s private consumption expenditure (current prices) in food and beverage sector grew at a CAGR of 5%.
• Singapore’s F&B market can be divided into three broad segments on consumption basis namely food and non-alcoholic beverages, alcoholic beverages and tobacco and food servicing services. As of 2013, food and non-alcoholic beverage segment was the largest accounting for 45% of the total.
Table of Contents
1. Industry Profile
1.1 Market overview
1.2 Market size and structure
1.5 Consumption pattern
2. Market Trends and Outlook
2.1 Key trends
2.2 Service and hygiene standards
2.3 Expansion strategies
2.4 Manpower trends
2.5 Market outlook
3. Leading Players and Comparative Matrix
3.1 Leading players
3.1.1 Fraser and Neave Limited (F&N)
3.1.2 Asia Pacific Breweries Limited (APB)
3.1.3 Olam International Limited (OLAM) (APB)
3.1.4 Petra Foods Limited (Petra Foods)
3.1.5 Food Empire Holdings Limited (FEH)
3.2 Comparative matrix
3.3 SWOT analysis
4. Tables and Charts
Table 1: Value of imports of food and beverage products in last two years
Table 2: Key indicators of F&B industry
Table 3: Establishments, operating receipts and value added
Table 4: Main business costs of F&B industry
Table 5: Per capita consumption of food commodities in Singapore
Table 6: F&N five-year financial highlights
Table 7: APB five-year financial highlights
Table 8: OLAM five-year financial highlights
Table 9: Petra Foods five-year financial highlights
Table 10: FEH five-year financial highlights
Table 11: Selected peer comparison of key financial ratios
Chart 1: Food & beverage industry contribution to the national GDP
Chart 2: Singapore's GDP per capita at current market prices
Chart 3: Singapore's demographics
Chart 4: F&B market value and expenditure per capita
Chart 5: Breakup of Singapore F&B industry by private consumption expenditure
Chart 6: Private consumption expenditure in different segments of F&B sector
Chart 7: Imports of F&B products
Chart 8: Exports of F&B products
Chart 9: Production output in F&B sector
Chart 10: Y/Y change in industrial production index
Chart 11: Weights of major expenditure groups in the CPI
Chart 12: Food inflation in Singapore
Chart 13: FBSI index at current prices
Chart 14: F&N revenue breakdown
Chart 15: APB revenue by geographical regions
Chart 16: OLAM net contribution by business segment
Chart 17: Petra Foods revenue by geographic breakdown
Chart 18: FEH revenue by geographical regions
Release Date: Sat, 31 May 2014