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Singapore Ice-Cream Market Share, Growth, Analysis, Forecast: By Flavour: Chocolate, Fruit, Vanilla, Others; By Category: Impulse Ice-Cream, Take-Home Ice-Cream, Artisanal Ice-Cream; By Product Type: Cup, Stick, Cone, Brick, Tub, Others; By End Use: Food Service, Retailers; By Distribution Channel; Competitive Landscape; 2024-2032
Singapore Ice-Cream Market Size
The Singapore ice-cream market reached around USD 584.35 million in 2023. The market is projected to grow at a CAGR of 4.2% between 2024 and 2032, reaching almost USD 846.22 million by 2032.
| Singapore Ice-Cream Market Report Summary | Description | Value |
| Base Year | USD Million | 2023 |
| Historical Period | USD Million | 2018-2023 |
| Forecast Period | USD Million | 2024-2032 |
| Market Size 2023 | USD Million | 584.4 |
| Market Size 2032 | USD Million | 846.22 |
| CAGR 2018-2023 | Percentage | XX% |
| CAGR 2024-2032 | Percentage | 4.2% |
| CAGR 2024-2032 - Market by Category | Artisanal Ice-Cream | 4.5% |
| CAGR 2024-2032 - Market by Category | Take-Home Ice-Cream | 3.8% |
| CAGR 2024-2032 - Market by Product Type | Stick | 4.6% |
| CAGR 2024-2032 - Market by End Use | Retailers | 4.8% |
| 2023 Market Share by Category | Artisanal Ice-Cream | 18.3% |
Singapore Ice-Cream Market Outlook
- Singapore imported USD $63.8 million worth of ice-creams in 2022.
- In 2022, total ice-cream sales in Singapore reached $118.5 million.
- The anticipated growth of the food processing industry in Singapore is expected to drive the market growth.
Singapore Ice-Cream Market Growth
Ice-cream imports into Singapore grew at a CAGR of over 10% between 2018 and 2022. France supplied USD $16.5 million of ice-cream to Singapore, which grew at a CAGR of 34% between 2018 and 2022. This made France the leading ice-cream supplier to Singapore, followed by Thailand (9.8 million) and Malaysia (USD $11.8 million). Japan remains an important ice-cream supplier to Singapore.
As compared to 2018, the sale of impulse ice-creams recorded a significant growth. Besides, take-home ice cream consumption reached $86.4 million by value, constituting two thirds of all ice-cream sales.
Technological developments in dairy substitution processes are expected to drive ingredient-based innovations, such as allergen-free, lactose-free, and gluten-free ice-cream ingredients. Rising health consciousness among people is expected to enhance the demand for ketogenic and high-protein protein creams, which cater to consumers’ palates and help them stay fit. In 2022, the total sales of vegan ice-creams reached $5.5 million by value. Thus, they represent a significant growth opportunity for major market players.
Strawberry, hazelnut, and fruity flavours are expected to emerge as popular ice-cream flavours among consumers in the country in the forecast period.
Singapore Ice-Cream Industry Segmentation
Singapore Ice-cream Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Flavour
- Chocolate
- Fruit
- Vanilla
- Others
| CAGR 2024-2032 - Market by | Category |
| Artisanal Ice-Cream | 4.5% |
| Take-Home Ice-Cream | 3.8% |
| Impulse Ice-Cream | XX% |
Market Breakup by Category
- Impulse Ice-Cream
- Take-Home Ice-Cream
- Artisanal Ice-Cream
| CAGR 2024-2032 - Market by | Product Type |
| Stick | 4.6% |
| Cup | 4.3% |
| Tub | 3.9% |
| Cone | XX% |
| Brick | XX% |
| Others | XX% |
Market Breakup by Product Type
- Cup
- Stick
- Cone
- Brick
- Tub
- Others
| CAGR 2024-2032 - Market by | End Use |
| Retailers | 4.8% |
| Food Service | XX% |
Market Breakup by End Use
- Food Service
- Retailers
Market Breakup by Distribution Channel
- Hypermarkets/Supermarkets
- HoReCa
- Convenience Stores
- Online Channel
- Others
Singapore Ice-Cream Market Share
Based on category, the market is divided into impulse ice-cream, take-home ice-cream, and artisanal ice-cream, among others. Over the forecast period of 2024-2032, artisanal ice-cream is projected to grow at a CAGR of 4.5% as it is made from fresh and high-quality ingredients. The increasing number of artisanal ice-cream shops in the country is also propelling the market.
| 2023 Market Share by | Category |
| Artisanal Ice-Cream | 18.3% |
| Impulse Ice-Cream | XX% |
| Take-Home Ice-Cream | XX% |
Leading Companies in the Singapore Ice-Cream Market
The development of Solein, which contains 80% proteins and nearly 10% digestive fibres, is expected to drive ice-cream demand among health-conscious consumers. This is because solein is a microbial protein which is created from water and air and is considered to be the world’s most sustainable protein.
- UDDERS ICE-CREAM
- Birds of Paradise
- Creamier Handcrafted Ice-cream & Coffee
- Avenue Creamery Pte Ltd.
- Lickers
- DOPA
- Kind Kones
- Toms Palette
- FATCAT Ice-cream Pte Ltd.
- Others
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Flavour |
|
| Breakup by Category |
|
| Breakup by Product Type |
|
| Breakup by End Use |
|
| Breakup by Distribution Channel |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Asia Pacific Ice-Cream Market Overview
8.1 Key Industry Highlights
8.2 Asia Pacific Ice-Cream Historical Market (2018-2023)
8.3 Asia Pacific Ice-Cream Market Forecast (2024-2032)
9 Singapore Ice-Cream Market Overview
9.1 Key Industry Highlights
9.2 Singapore Ice-Cream Historical Market (2018-2023)
9.3 Singapore Ice-Cream Market Forecast (2024-2032)
10 Singapore Ice-Cream Market by Flavour
10.1 Chocolate
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Fruit
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Vanilla
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Others
11 Singapore Ice-Cream Market by Category
11.1 Impulse Ice-Cream
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Take-Home Ice-Cream
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Artisanal Ice-Cream
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
12 Singapore Ice-Cream Market by Product Type
12.1 Cup
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Stick
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Cone
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Brick
12.4.1 Historical Trend (2018-2023)
12.4.2 Forecast Trend (2024-2032)
12.5 Tub
12.5.1 Historical Trend (2018-2023)
12.5.2 Forecast Trend (2024-2032)
12.6 Others
13 Singapore Ice-Cream Market by End Use
13.1 Food Service
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 Retailers
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
14 Singapore Ice-Cream Market by Distribution Channel
14.1 Hypermarkets/Supermarkets
14.1.1 Historical Trend (2018-2023)
14.1.2 Forecast Trend (2024-2032)
14.2 HoReCa
14.2.1 Historical Trend (2018-2023)
14.2.2 Forecast Trend (2024-2032)
14.3 Convenience Stores
14.3.1 Historical Trend (2018-2023)
14.3.2 Forecast Trend (2024-2032)
14.4 Online Channel
14.4.1 Historical Trend (2018-2023)
14.4.2 Forecast Trend (2024-2032)
14.5 Others
15 Market Dynamics
15.1 SWOT Analysis
15.1.1 Strengths
15.1.2 Weaknesses
15.1.3 Opportunities
15.1.4 Threats
15.2 Porter’s Five Forces Analysis
15.2.1 Supplier’s Power
15.2.2 Buyer’s Power
15.2.3 Threat of New Entrants
15.2.4 Degree of Rivalry
15.2.5 Threat of Substitutes
15.3 Key Indicators of Demand
15.4 Key Indicators of Price
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 UDDERS ICE CREAM
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Birds of Paradise
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Creamier Handcrafted Ice Cream & Coffee
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Avenue Creamery Pte Ltd.
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Lickers
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 DOPA
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Kind Kones
16.2.7.1 Company Overview
16.2.7.2 Product Portfolio
16.2.7.3 Demographic Reach and Achievements
16.2.7.4 Certifications
16.2.8 Toms Palette
16.2.8.1 Company Overview
16.2.8.2 Product Portfolio
16.2.8.3 Demographic Reach and Achievements
16.2.8.4 Certifications
16.2.9 FATCAT Ice Cream Pte Ltd.
16.2.9.1 Company Overview
16.2.9.2 Product Portfolio
16.2.9.3 Demographic Reach and Achievements
16.2.9.4 Certifications
16.2.10 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Asia Pacific Ice-Cream Market: Key Industry Highlights, 2018 and 2032
2. Singapore Ice-Cream Market: Key Industry Highlights, 2018 and 2032
3. Singapore Ice-Cream Historical Market: Breakup by Flavour (USD Million), 2018-2023
4. Singapore Ice-Cream Market Forecast: Breakup by Flavour (USD Million), 2024-2032
5. Singapore Ice-Cream Historical Market: Breakup by Category (USD Million), 2018-2023
6. Singapore Ice-Cream Market Forecast: Breakup by Category (USD Million), 2024-2032
7. Singapore Ice-Cream Historical Market: Breakup by Product Type (USD Million), 2018-2023
8. Singapore Ice-Cream Market Forecast: Breakup by Product Type (USD Million), 2024-2032
9. Singapore Ice-Cream Historical Market: Breakup by End Use (USD Million), 2018-2023
10. Singapore Ice-Cream Market Forecast: Breakup by End Use (USD Million), 2024-2032
11. Singapore Ice-Cream Historical Market: Breakup by Distribution Channel (USD Million), 2018-2023
12. Singapore Ice-Cream Market Forecast: Breakup by Distribution Channel (USD Million), 2024-2032
13. Singapore Ice-Cream Market Structure
Key Questions Answered in the Report
The market reached nearly USD 584.35 million in 2023.
The market is projected to grow at a CAGR of 4.2% between 2024 and 2032.
The market is assessed to witness a healthy growth in the forecast period to reach around USD 846.22 million in 2032.
The different ice-cream flavours in the market include chocolate, fruit, and vanilla, among others.
The different categories of ice-creams in the market include impulse ice-cream, take-home ice-cream, and artisanal ice-cream.
The different product types in the market include cup, stick, cone, brick, and tub, among others.
The various distribution channels for ice-cream in Singapore include hypermarkets/supermarkets, HoReCa, convenience stores, and online channel, among others.
The key market players are UDDERS ICE-CREAM, Birds of Paradise, Creamier Handcrafted Ice-cream & Coffee, Avenue Creamery Pte Ltd., Lickers, DOPA, Kind Kones, Toms Palette, and FATCAT Ice-cream Pte Ltd., among others.
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