Product Code: ETC018947 | Publication Date: Jul 2023 | Updated Date: Jan 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Singapore chocolate and cocoa products market is expected to witness a positive growth in the forecast period of 2020-2026. The country has developed into one of the major markets for confectionery items over the years, with increasing health consciousness among consumers leading to an increased demand for dark chocolates that have high cocoa content. Furthermore, surging demand from emerging economies such as China and India is also set to boost Singapore chocolate industry in the upcoming years. Also, innovative marketing techniques used by manufacturers are likely to strengthen their presence in this sector which will further drive its growth.
Increasing Health Consciousness Among Consumers ??? The rising trend towards making healthier food choices such as organic foods have driven consumer preferences towards dark chocolates that contain more than 70% cocoa content. This increase in demand has encouraged manufacturers across Singapore to focus on producing healthy chocolates with higher levels of antioxidants and vitamins while limiting additives like sugar and other unhealthy ingredients.Growing Demand From Emerging Economies ??? Rising disposable incomes along with change in lifestyle habits have resulted in growing consumption of premium quality chocolate products across countries like China and India which presents new business opportunities for companies operating out of Singapore chocolate industry. Moreover, improved logistics infrastructure has made it easier for these firms to export their goods at competitive prices thus enabling them to tap into wider customer base internationally which would result in boosting market growth over time.
High Cost Of Raw Materials - Cocoa beans constitute about two-thirds of total cost associated with production process hence increases or decreases its price greatly affects profit margins earned by stakeholders involved especially since buying bean price volatility remains high due mainly unpredictable weather conditions resulting scarcity supply chain disruptions cause delays shipment supplies needed complete orders customers impacting negatively bottom line sales revenues adversely affecting manufacturer performance long term basis.
Some prominent players included this sector Nestle, Ferrero Group, Mars Incorporated.
With lockdowns imposed worldwide during Covid 19 pandemic restrictions travel dampening global economic outlook, companies operating within Singapore chocolate industry were affected drastically due decrease overall spending power population.In addition disrupted operations throughout related sectors caused several challenges facing players terms availability raw materials planning future investments however many organizations had already taken steps mitigate negative impacts such as reducing production costs cutting down staff size ETC order tide difficult situation present bright spot near horizon things start improve post pandemic period.
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 Chocolate and Cocoa Products Market Overview |
3.1 Singapore Country Macro Economic Indicators |
3.2 Singapore Chocolate and Cocoa Products Market Revenues & Volume, 2020 & 2030F |
3.3 Singapore Chocolate and Cocoa Products Market - Industry Life Cycle |
3.4 Singapore Chocolate and Cocoa Products Market - Porter's Five Forces |
3.5 Singapore Chocolate and Cocoa Products Market Revenues & Volume Share, By Cocoa Types, 2020 & 2030F |
3.6 Singapore Chocolate and Cocoa Products Market Revenues & Volume Share, By Chocolate Type, 2020 & 2030F |
3.7 Singapore Chocolate and Cocoa Products Market Revenues & Volume Share, By Applications, 2020 & 2030F |
3.8 Singapore Chocolate and Cocoa Products Market Revenues & Volume Share, By Distribution Channel, 2020 & 2030F |
4 Singapore Chocolate and Cocoa Products Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Singapore Chocolate and Cocoa Products Market Trends |
6 Singapore Chocolate and Cocoa Products Market, By Types |
6.1 Singapore Chocolate and Cocoa Products Market, By Cocoa Types |
6.1.1 Overview and Analysis |
6.1.2 Singapore Chocolate and Cocoa Products Market Revenues & Volume, By Cocoa Types, 2020-2030F |
6.1.3 Singapore Chocolate and Cocoa Products Market Revenues & Volume, By Cocoa Butter, 2020-2030F |
6.1.4 Singapore Chocolate and Cocoa Products Market Revenues & Volume, By Cocoa Powder, 2020-2030F |
6.1.5 Singapore Chocolate and Cocoa Products Market Revenues & Volume, By Cocoa Liquor, 2020-2030F |
6.2 Singapore Chocolate and Cocoa Products Market, By Chocolate Type |
6.2.1 Overview and Analysis |
6.2.2 Singapore Chocolate and Cocoa Products Market Revenues & Volume, By Dark Chocolate, 2020-2030F |
6.2.3 Singapore Chocolate and Cocoa Products Market Revenues & Volume, By Milk Chocolate, 2020-2030F |
6.2.4 Singapore Chocolate and Cocoa Products Market Revenues & Volume, By White Chocolate, 2020-2030F |
6.2.5 Singapore Chocolate and Cocoa Products Market Revenues & Volume, By Filled Chocolate, 2020-2030F |
6.3 Singapore Chocolate and Cocoa Products Market, By Applications |
6.3.1 Overview and Analysis |
6.3.2 Singapore Chocolate and Cocoa Products Market Revenues & Volume, By Confectionery, 2020-2030F |
6.3.3 Singapore Chocolate and Cocoa Products Market Revenues & Volume, By Food & Beverage, 2020-2030F |
6.3.4 Singapore Chocolate and Cocoa Products Market Revenues & Volume, By Cosmetics, 2020-2030F |
6.3.5 Singapore Chocolate and Cocoa Products Market Revenues & Volume, By Pharmaceuticals, 2020-2030F |
6.4 Singapore Chocolate and Cocoa Products Market, By Distribution Channel |
6.4.1 Overview and Analysis |
6.4.2 Singapore Chocolate and Cocoa Products Market Revenues & Volume, By Offline , 2020-2030F |
6.4.3 Singapore Chocolate and Cocoa Products Market Revenues & Volume, By Online , 2020-2030F |
7 Singapore Chocolate and Cocoa Products Market Import-Export Trade Statistics |
7.1 Singapore Chocolate and Cocoa Products Market Export to Major Countries |
7.2 Singapore Chocolate and Cocoa Products Market Imports from Major Countries |
8 Singapore Chocolate and Cocoa Products Market Key Performance Indicators |
9 Singapore Chocolate and Cocoa Products Market - Opportunity Assessment |
9.1 Singapore Chocolate and Cocoa Products Market Opportunity Assessment, By Cocoa Types, 2020 & 2030F |
9.2 Singapore Chocolate and Cocoa Products Market Opportunity Assessment, By Chocolate Type, 2020 & 2030F |
9.3 Singapore Chocolate and Cocoa Products Market Opportunity Assessment, By Applications, 2020 & 2030F |
9.4 Singapore Chocolate and Cocoa Products Market Opportunity Assessment, By Distribution Channel, 2020 & 2030F |
10 Singapore Chocolate and Cocoa Products Market - Competitive Landscape |
10.1 Singapore Chocolate and Cocoa Products Market Revenue Share, By Companies, 2023 |
10.2 Singapore Chocolate and Cocoa Products Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |