Singapore Candy Market (2024-2030) | Companies, Trends, Share, Growth, Industry, Outlook, Size, Revenue, Value, Forecast & Analysis

Market Forecast By Product Type (Chocolate Candy, Non-Chocolate Candy), By Distribution (Supermarkets and Hypermarkets, Convenience Stores, Specalist Retailers, Online Retail, Others) And Competitive Landscape
Product Code: ETC040148 Publication Date: Jul 2023 Updated Date: Apr 2024 Product Type: Report
Publisher: 6Wresearch No. of Pages: 70 No. of Figures: 35 No. of Tables: 5

Singapore Candy Market Synopsis

The Singapore candy market is estimated to grow at a CAGR of 4.6% during the forecast period 2020-2026. Increasing demand for convenient and affordable snacks, rise in disposable income, and changing consumer preferences are some of the major factors driving growth of the Singapore sweet market. Furthermore, increasing health consciousness among consumers has led manufacturers to introduce products with natural ingredients such as fruits, nuts and vegetables which further boosts the overall growth of this sector over time.

Market Drivers

Some key drivers contributing to growth of Singapore candy market include rise in disposable incomes amongst individuals leading them to purchase candies more often as an affordable snack option; growing popularity in international cuisines such as chocolates from Europe; increasing number of convenience stores offering various types of sweets like gummies & jelly beans; advancements in technology allowing companies to provide innovative packaging that stands out on store shelves thus creating higher visibility for their product ranges; rising awareness regarding health conscious dieting encouraging manufacturers towards producing organic & sugar free candies ETC

Market challenges

There are certain challenges restricting growth within this sector ??? high production costs attributed by expensive raw materials used for manufacturing coupled with stiff competition from local players who offer cheaper alternatives are hindering potential profit margins amongst established brands within this space apart from restricting entry barriers for new entrants into this segment. Additionally, stringent government regulations regarding usage & labeling information on food items also act as major impediments towards development across all sectors including confectioneries industry in Singapore.

Key players

Key players operating within Singapore Candy Market include Cadbury Pty Ltd., Mars International India Pvt Ltd., Perfetti Van Melle Group (PVMG), Nestl? S A Australia Ltd (Nestl?) Eclairs International FZE along with several other regional vendors such prominent presence across competitive landscape

Covid-19 Impact

In terms of COVID 19 impact, due to nationwide lockdowns imposed across different regions, there was a significant decline witnessed throughout retail market resulting into reduced availability off shelf space alongside lower sales figures. However, online grocery delivery platforms have gained traction offering a viable solution catering towards increased demands particularly amidst pandemic conditions. Furthermore, large scale promotions undertaken by e commerce retailers have contributed significantly towards fuelling up demand patterns. Additionally Government initiatives wherein subsidies were offered assisting both businesses & consumers had enabled recovery trends being observed gradually.

Key Highlights of the Report:

  • Singapore Candy Market Outlook
  • Market Size of Singapore Candy Market, 2023
  • Forecast of Singapore Candy Market, 2030
  • Historical Data and Forecast of Singapore Candy Revenues & Volume for the Period 2020-2030
  • Singapore Candy Market Trend Evolution
  • Singapore Candy Market Drivers and Challenges
  • Singapore Candy Price Trends
  • Singapore Candy Porter's Five Forces
  • Singapore Candy Industry Life Cycle
  • Historical Data and Forecast of Singapore Candy Market Revenues & Volume By Product Type for the Period 2020-2030
  • Historical Data and Forecast of Singapore Candy Market Revenues & Volume By Chocolate Candy for the Period 2020-2030
  • Historical Data and Forecast of Singapore Candy Market Revenues & Volume By Non-Chocolate Candy for the Period 2020-2030
  • Historical Data and Forecast of Singapore Candy Market Revenues & Volume By Distribution for the Period 2020-2030
  • Historical Data and Forecast of Singapore Candy Market Revenues & Volume By Supermarkets and Hypermarkets for the Period 2020-2030
  • Historical Data and Forecast of Singapore Candy Market Revenues & Volume By Convenience Stores for the Period 2020-2030
  • Historical Data and Forecast of Singapore Candy Market Revenues & Volume By Specalist Retailers for the Period 2020-2030
  • Historical Data and Forecast of Singapore Candy Market Revenues & Volume By Online Retail for the Period 2020-2030
  • Historical Data and Forecast of Singapore Candy Market Revenues & Volume By Others for the Period 2020-2030
  • Singapore Candy Import Export Trade Statistics
  • Market Opportunity Assessment By Product Type
  • Market Opportunity Assessment By Distribution
  • Singapore Candy Top Companies Market Share
  • Singapore Candy Competitive Benchmarking By Technical and Operational Parameters
  • Singapore Candy Company Profiles
  • Singapore Candy Key Strategic Recommendations
Frequently Asked Questions About the Market Study (FAQs):
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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 Candy Market Overview

3.1 Singapore Country Macro Economic Indicators

3.2 Singapore Candy Market Revenues & Volume, 2020 & 2030F

3.3 Singapore Candy Market - Industry Life Cycle

3.4 Singapore Candy Market - Porter's Five Forces

3.5 Singapore Candy Market Revenues & Volume Share, By Product Type, 2020 & 2030F

3.6 Singapore Candy Market Revenues & Volume Share, By Distribution, 2020 & 2030F

4 Singapore Candy Market Dynamics

4.1 Impact Analysis

4.2 Market Drivers

4.3 Market Restraints

5 Singapore Candy Market Trends

6 Singapore Candy Market, By Types

6.1 Singapore Candy Market, By Product Type

6.1.1 Overview and Analysis

6.1.2 Singapore Candy Market Revenues & Volume, By Product Type, 2020-2030F

6.1.3 Singapore Candy Market Revenues & Volume, By Chocolate Candy, 2020-2030F

6.1.4 Singapore Candy Market Revenues & Volume, By Non-Chocolate Candy, 2020-2030F

6.2 Singapore Candy Market, By Distribution

6.2.1 Overview and Analysis

6.2.2 Singapore Candy Market Revenues & Volume, By Supermarkets and Hypermarkets, 2020-2030F

6.2.3 Singapore Candy Market Revenues & Volume, By Convenience Stores, 2020-2030F

6.2.4 Singapore Candy Market Revenues & Volume, By Specalist Retailers, 2020-2030F

6.2.5 Singapore Candy Market Revenues & Volume, By Online Retail, 2020-2030F

6.2.6 Singapore Candy Market Revenues & Volume, By Others, 2020-2030F

7 Singapore Candy Market Import-Export Trade Statistics

7.1 Singapore Candy Market Export to Major Countries

7.2 Singapore Candy Market Imports from Major Countries

8 Singapore Candy Market Key Performance Indicators

9 Singapore Candy Market - Opportunity Assessment

9.1 Singapore Candy Market Opportunity Assessment, By Product Type, 2020 & 2030F

9.2 Singapore Candy Market Opportunity Assessment, By Distribution, 2020 & 2030F

10 Singapore Candy Market - Competitive Landscape

10.1 Singapore Candy Market Revenue Share, By Companies, 2023

10.2 Singapore Candy Market Competitive Benchmarking, By Operating and Technical Parameters

11 Company Profiles

12 Recommendations

13 Disclaimer

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