Product Code: ETC023867 | Publication Date: Jul 2023 | Updated Date: May 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Singapore Bread market currently, in 2023, has witnessed an HHI of 2481, Which has increased moderately as compared to the HHI of 1376 in 2017. The market is moving towards moderately competitive. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
The Singapore Bread Market is expected to register a moderate CAGR during the forecast period (2020-2026). Factors such as increasing health consciousness and rising disposable income are driving the growth of the market. The bread market in Singapore has witnessed an increased demand for healthier products including whole grain, gluten free, and organic varieties. Moreover, manufacturers are focusing on introducing innovative product offerings that appeal to consumers` taste preferences while at the same time adhering to their nutritional needs. Additionally, convenience stores have become increasingly popular in Singapore due to customer preference for easy accessibility of food items. This trend has enabled vendors operating in the retail space of bread industry gain considerable traction among customers over recent times.
Growing Health Consciousness: Increasing awareness about healthy eating habits amongst Singapores is propelling the demand for nutritious bakery products like whole grain breads, multigrain loaves, ETC, thus aiding in overall growth of this market.Rising Disposable Income: Increased disposable income levels along with changing lifestyle trends have led to a rise in spending on food items by urban population across various age groups which further drives this sector`s revenue generation opportunities.
High Price Sensitivity Among Consumers: Due to high price sensitivity among consumers especially from lower socio-economic strata purchasing power may be hampered resulting into a decline in sales volumes which will eventually affect revenues generated by this sector negatively. Presence Of Unorganized Segment: This segment includes small-scale bakeries & local outlets selling fresh baked goods at competitive prices, thus providing stiff competition leading towards lowering average sale prices & decreasing profitability margins.
Some key players operative within Singapore Bread Market include Delifrance Pte Ltd, Gardenia Bakeries (KL) Sdn Bhd, Prima Limited, Pan Pacific Hotels Group Limited (PPG Hotels) and Bakers Maison International Pty Ltd amongst others.
The pandemic outbreak has resulted into disruption of supply chains owing to restrictions imposed on movement & lack of labor availability, thereby hindering production capacity significantly.Furthermore, social distancing norms & lockdown measures have caused significant shift towards digitalization resulting into increase adoption online platforms through which consumers can buy their desired bakery items conveniently.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Singapore Bread Market Overview |
3.1 Singapore Country Macro Economic Indicators |
3.2 Singapore Bread Market Revenues & Volume, 2020 & 2030F |
3.3 Singapore Bread Market - Industry Life Cycle |
3.4 Singapore Bread Market - Porter's Five Forces |
3.5 Singapore Bread Market Revenues & Volume Share, By Loaves, 2020 & 2030F |
3.6 Singapore Bread Market Revenues & Volume Share, By Convenience Stores, 2020 & 2030F |
4 Singapore Bread Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Singapore Bread Market Trends |
6 Singapore Bread Market, By Types |
6.1 Singapore Bread Market, By Loaves |
6.1.1 Overview and Analysis |
6.1.2 Singapore Bread Market Revenues & Volume, By Loaves, 2020-2030F |
6.1.3 Singapore Bread Market Revenues & Volume, By Baguettes, 2020-2030F |
6.1.4 Singapore Bread Market Revenues & Volume, By Rolls, 2020-2030F |
6.1.5 Singapore Bread Market Revenues & Volume, By Burger Buns, 2020-2030F |
6.1.6 Singapore Bread Market Revenues & Volume, By Ciabatta, 2020-2030F |
6.1.7 Singapore Bread Market Revenues & Volume, By Others, 2020-2030F |
6.2 Singapore Bread Market, By Convenience Stores |
6.2.1 Overview and Analysis |
6.2.2 Singapore Bread Market Revenues & Volume, By Specialist Retailers, 2020-2030F |
6.2.3 Singapore Bread Market Revenues & Volume, By Supermarkets and Hypermarkets, 2020-2030F |
6.2.4 Singapore Bread Market Revenues & Volume, By Online Retail, 2020-2030F |
6.2.5 Singapore Bread Market Revenues & Volume, By Variety Stores, 2020-2030F |
6.2.6 Singapore Bread Market Revenues & Volume, By Others, 2020-2030F |
7 Singapore Bread Market Import-Export Trade Statistics |
7.1 Singapore Bread Market Export to Major Countries |
7.2 Singapore Bread Market Imports from Major Countries |
8 Singapore Bread Market Key Performance Indicators |
9 Singapore Bread Market - Opportunity Assessment |
9.1 Singapore Bread Market Opportunity Assessment, By Loaves, 2020 & 2030F |
9.2 Singapore Bread Market Opportunity Assessment, By Convenience Stores, 2020 & 2030F |
10 Singapore Bread Market - Competitive Landscape |
10.1 Singapore Bread Market Revenue Share, By Companies, 2023 |
10.2 Singapore Bread Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |