Ice Cream Market in Singapore

Ice cream is made from dairy products or dairy alternatives and is flavored with a sweetener, either sugar or an alternative, and a spice, such as cocoa or vanilla, or with fruit such as strawberries or peaches. The ice cream market in Singapore comprises the take-home, impulse, and frozen yoghurt. Impulse ice creams are sold in individual packages or without packaging, purchased mostly under the influence of emotion and desire. Take-home ice creams are multi-serving ice cream tubs, ice cream cakes, and sorbet tubs sold for take-home and bulk consumption. According to Gen Consulting Company, the ice cream market in Singapore is set to achieve an incremental growth of USD 15 million, acelerating at a CAGR of almost 2.2% during the forecast period 2022-2028.

This industry report offers market estimates of the Singapore market, followed by a detailed analysis of the product, and distribution channel. The Singapore market data on ice cream can be segmented by product: impulse ice cream, take-home ice cream, frozen yoghurt, others. In 2021, the take-home ice cream segment made up the largest share of revenue generated by the ice cream market. Ice cream market is further segmented by distribution channel: convenience stores, supermarkets and hypermarkets, online retail, others.

The impulse ice cream market is further segmented into single portion dairy ice cream, single portion water ice cream. Furthermore, the take-home ice cream market has been categorized into take-home dairy ice cream, take-home water ice cream.

Some of the leading companies operating in the market are Binggrae Co. Ltd., General Mills Inc., Nestle S.A., Thai Beverage Public Company Limited (ThaiBev), Unilever plc.

The data-centric report focuses on market trends, status and outlook for segments. With comprehensive coverage of the market across different market segments, the report is a valuable asset for the existing players, new entrants and the future investors.

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Ice Cream Market in Singapore

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Ice Cream Market in Singapore - Report Scope
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DETAILS

Base Year

2021

Forecast Year

2022-2028

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