COMPETITIVE LANDSCAPE
PSC Corp benefits from the high popularity of tofu in the local cuisine
With a stable retail value share, PSC Corp is projected to remain the leading company in processed meat, seafood and alternatives to meat at the end of the review period.
Monde Nissin Corp invests to make gains
Albeit from a low base, Monde Nissin Corp is projected to see the highest retail value sales growth in processed meat, seafood and alternatives to meat over 2025. The company’s growth is derived from the Quorn brand in frozen meat and seafood substitutes, which it dominates in retail value sales terms.
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Overview:
Understand the latest market trends and future growth opportunities for the Processed Meat, Seafood and Alternatives to Meat industry in Singapore with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
Data and analysis in this report provides further detailed coverage dedicated to a comprehensive range of core packaged food categories.
If you're in the Processed Meat, Seafood and Alternatives to Meat industry in Singapore, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
The Processed Meat, Seafood and Alternatives to Meat in Singapore report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volume and value sizes, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent research methodology, conducted in-country
This report answers:
- What is the market size of Processed Meat, Seafood and Alternatives to Meat in Singapore?
- Which are the leading brands in Processed Meat, Seafood and Alternatives to Meat in Singapore?
- How are products distributed in Processed Meat, Seafood and Alternatives to Meat in Singapore?
- How is the rise of e-commerce and/or the expansion of modern grocery retail impacting traditional retail?
- What are the key health and wellness concerns driving, or challenging, sales in Processed Meat, Seafood and Alternatives to Meat?
- How significant are vegan and vegetarian dietary requirements in determining sales growth in Singapore?
- How has COVID-19 impacted consumer demand? To what extent have lockdown, home seclusion and stockpiling boosted sales? Will the longer term economic repercussions of the pandemic stimulate or suppress future growth?
- Where is future growth expected to be most dynamic?
- How significant will values-based claims, such as sustainability and ethical labelling, be in supporting future growth and brand equity?
Processed Meat, Seafood and Alternatives To Meat in Singapore - Category analysis
KEY DATA FINDINGS
Maturity constrains growth potential
Frozen processed poultry and tofu benefit from convenience, novelties and local culinary preferences
Food innovation and a young adult audience provide fertile ground for growth for meat and seafood substitutes
Moderate growth anticipated due to maturity and the limited pace of innovation within core categories
Health and wellness to continue to shape innovation within processed meat, seafood and alternatives to meat
Meat and seafood substitutes face headwinds in the forecast period but new entrants can offer dynamism
PSC Corp benefits from the high popularity of tofu in the local cuisine
Monde Nissin Corp invests to make gains
Convenience and a comprehensive offer underpin supermarkets’ dominance
Supermarkets are set up to provide strong processed meat and seafood distribution
Staple Foods in Singapore - Industry Overview
Premiumisation and innovation amidst maturity spur retail value over volume sales growth
KEY DATA FINDINGS
Dried pasta and muesli and granola see the highest growth in retail value sales
Premiumisation and flavour profiles stimulate baked goods and instant noodles
Convenience underpins new launches in baked goods and frozen processed poultry
State support and new entries offer growth opportunities
New offerings to cater to an increasingly health-conscious consumer base
The foodservice tie-up is expected to remain a key strategy
PSC Corp leverages strength in tofu to lead staple foods
Shift in dietary preferences boosts the performance of Weetabix’s Alpen
Supermarkets develop through digitalisation, strategic partnerships and value propositions
Functionality, accessibility and safety improvements are behind e-commerce’s strong retail value sales growth
COUNTRY REPORTS DISCLAIMER
The following categories and subcategories are included:
Processed Meat, Seafood and Alternatives to Meat
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- Shelf Stable Processed Red Meat
- Shelf Stable Processed Poultry
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- Chilled Processed Red Meat
- Chilled Processed Poultry
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- Frozen Processed Red Meat
- Frozen Processed Poultry
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- Shelf Stable Seafood
- Chilled Processed Seafood
- Frozen Processed Seafood
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- Chilled Meat and Seafood Substitutes
- Frozen Meat and Seafood Substitutes
- Shelf Stable Meat and Seafood Substitutes
- Tofu and Derivatives
Processed Meat, Seafood and Alternatives to Meat
This is the aggregation of processed meat, processed seafood and meat and seafood substitutes.
See all of our definitionsWhy buy this report?
- Gain competitive intelligence about market leaders
- Track key industry trends, opportunities and threats
- Inform your marketing, brand, strategy and market development, sales and supply functions
This report originates from Passport, our Processed Meat, Seafood and Alternatives to Meat research and analysis database.
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