The Future of the Ice Cream Market in Singapore to 2017

Market Size, Distribution and Brand Share, Key Events and Competitive Landscape

Reference Code: FD0193ER Published: February 2014

www.canadean-winesandspirits.com

The Future of the Ice Cream Market in Singapore to 2017 Published: February 2014

Table of Contents

1. Introduction ...... 13 1.1 What is this Report About? ...... 13 1.2 Definitions ...... 13 1.2.1 This report provides 2012 actual sales; while forecasts are provided for 2013 – 2017...... 13 1.2.2 Category Definitions ...... 13 1.2.3 Distribution Channel Definitions...... 14 1.2.4 Volume Units and Aggregations ...... 15 1.2.5 CAGR Definition and Calculation ...... 15 1.2.6 Graphical representation of Brands ...... 16 1.2.7 Exchange Rates ...... 16 1.2.8 Methodology Summary...... 16 2. Singapore Ice Cream Market Analysis, 2007–17 ...... 17 2.1 Ice Cream Value Analysis, 2007–17 ...... 17 2.1.1 Overall Ice Cream Market Value, 2007–17 ...... 17 2.1.2 Ice Cream Market Value by Category, 2007–17 ...... 19 2.1.3 Market Growth Dynamics by Value – Ice Cream, 2007–17 ...... 21 2.2 Ice Cream Volume Analysis, 2007–17 ...... 22 2.2.1 Overall Ice Cream Market Volume, 2007–17 ...... 22 2.2.2 Per-Capita Consumption - Ice Cream, 2007–17 ...... 23 2.2.3 Ice Cream Market Volume by Category, 2007–17 ...... 24 2.2.4 Market Growth Dynamics by Volume – Ice Cream, 2007–17 ...... 26 3. Singapore Artisanal Ice Cream Market Analysis, 2007–17 ...... 27 3.1 Artisanal Ice Cream Value Analysis, 2007–17 ...... 27 3.1.1 Artisanal Ice Cream Market by Value, 2007–17 ...... 27 3.1.2 Average Consumer Price/Kg – Artisanal Ice Cream, 2007–17 ...... 29 3.2 Artisanal Ice Cream Volume Analysis, 2007–17 ...... 30 3.2.1 Artisanal Ice Cream Market by Volume, 2007–17 ...... 30 3.3 Market Growth Dynamics – Artisanal Ice Cream, 2007–17 ...... 31 3.3.1 Artisanal Ice Cream Market Growth Dynamics by Value, 2007–17 ...... 31 3.3.2 Artisanal Ice Cream Market Growth Dynamics by Volume, 2007–17 ...... 32 3.4 Artisanal Ice Cream Brand Analysis, 2009–12 ...... 33

2 ©Canadean 2014. This product is licensed and is not to be photocopied. 2

The Future of the Ice Cream Market in Singapore to 2017 Published: February 2014

3.5 Artisanal Ice Cream Distribution Channel Analysis, 2009–12 ...... 34 4. Singapore Impulse Ice Cream Market Analysis, 2007–17 ...... 37 4.1 Impulse Ice Cream Value Analysis, 2007–17...... 37 4.1.1 Impulse Ice Cream Market by Value, 2007–17 ...... 37 4.1.2 Average Consumer Price/Kg – Impulse Ice Cream, 2007–17 ...... 39 4.1.3 Impulse Ice Cream Market Value by Segments, 2007–17 ...... 40 4.2 Impulse Ice Cream Volume Analysis, 2007–17 ...... 42 4.2.1 Impulse Ice Cream Market by Volume, 2007–17 ...... 42 4.2.2 Impulse Ice Cream Market Volume by Segments, 2007–17 ...... 43 4.3 Market Growth Dynamics – Impulse Ice Cream, 2007–17 ...... 45 4.3.1 Impulse Ice Cream Market Growth Dynamics by Value, 2007–17 ...... 45 4.3.2 Impulse Ice Cream Market Growth Dynamics by Volume, 2007–17 ...... 46 4.4 Dairy-Based (Impulse Ice Cream) Analysis, 2007–17 ...... 47 4.4.1 Dairy-Based (Impulse Ice Cream) Market by Value, 2007–17 ...... 47 4.4.2 Dairy-Based (Impulse Ice Cream) Market by Volume, 2007–17 ...... 48 4.5 Water-Based (Impulse Ice Cream) Analysis, 2007–17 ...... 49 4.5.1 Water-Based (Impulse Ice Cream) Market by Value, 2007–17 ...... 49 4.5.2 Water-Based (Impulse Ice Cream) Market by Volume, 2007–17 ...... 50 4.6 Impulse Ice Cream Brand Analysis, 2009–12 ...... 51 4.7 Impulse Ice Cream Distribution Channel Analysis, 2009–12 ...... 53 5. Singapore Take-Home Ice Cream Market Analysis, 2007–17 ...... 56 5.1 Take-Home Ice Cream Value Analysis, 2007–17 ...... 56 5.1.1 Take-Home Ice Cream Market by Value, 2007–17 ...... 56 5.1.2 Average Consumer Price/Kg – Take-Home Ice Cream, 2007–17 ...... 58 5.1.3 Take-Home Ice Cream Market Value by Segments, 2007–17 ...... 59 5.2 Take-Home Ice Cream Volume Analysis, 2007–17 ...... 61 5.2.1 Take-Home Ice Cream Market by Volume, 2007–17 ...... 61 5.2.2 Take-Home Ice Cream Market Volume by Segments, 2007–17 ...... 62 5.3 Market Growth Dynamics – Take-Home Ice Cream, 2007–17...... 64 5.3.1 Take-Home Ice Cream Market Growth Dynamics by Value, 2007–17 ...... 64 5.3.2 Take-Home Ice Cream Market Growth Dynamics by Volume, 2007–17 ...... 65 5.4 Dairy-Based (Take-Home Ice Cream) Analysis, 2007–17 ...... 66 5.4.1 Dairy-Based (Take-Home Ice Cream) Market by Value, 2007–17 ...... 66 5.4.2 Dairy-Based (Take-Home Ice Cream) Market by Volume, 2007–17 ...... 67

3 ©Canadean 2014. This product is licensed and is not to be photocopied. 3

The Future of the Ice Cream Market in Singapore to 2017 Published: February 2014

5.5 Water-Based (Take-Home Ice Cream) Analysis, 2007–17 ...... 68 5.5.1 Water-Based (Take-Home Ice Cream) Market by Value, 2007–17 ...... 68 5.5.2 Water-Based (Take-Home Ice Cream) Market by Volume, 2007–17 ...... 69 5.6 Take-Home Ice Cream Brand Analysis, 2009–12...... 70 5.7 Take-Home Ice Cream Distribution Channel Analysis, 2009–12 ...... 72 6. Profiles of Companies Active in the Global Ice Cream Market ...... 75 6.1 Nestle SA ...... 75 6.1.1 Nestle SA Business Analysis ...... 75 6.1.2 Nestle SA Major Products and Services...... 76 6.1.3 Nestle SA Key Competitors ...... 77 6.1.4 Nestle SA SWOT Analysis...... 77 6.1.5 Nestle SA SWOT Analysis - Overview ...... 77 6.1.6 Nestle SA Strengths...... 77 6.1.7 Nestle SA Weaknesses ...... 79 6.1.8 Nestle SA Opportunities ...... 80 6.1.9 Nestle SA Threats ...... 82 6.1.10 Nestle SA History ...... 84 6.1.11 Nestle SA Key Employees ...... 88 6.1.12 Nestle SA Locations and Subsidiaries ...... 90 6.2 Unilever PLC ...... 98 6.2.1 Unilever PLC Business Analysis ...... 98 6.2.2 Unilever PLC Major Products and Services ...... 99 6.2.3 Unilever PLC Key Competitors ...... 100 6.2.4 Unilever PLC SWOT Analysis ...... 100 6.2.5 Unilever PLC SWOT Analysis - Overview ...... 100 6.2.6 Unilever PLC Strengths ...... 100 6.2.7 Unilever PLC Weaknesses ...... 101 6.2.8 Unilever PLC Opportunities ...... 102 6.2.9 Unilever PLC Threats ...... 104 6.2.10 Unilever PLC History ...... 106 6.2.11 Unilever PLC Key Employees ...... 109 6.2.12 Unilever PLC Locations and Subsidiaries ...... 111 6.3 Lotte Holdings Co. Ltd...... 116 6.3.1 Lotte Holdings Co. Ltd. Business Analysis ...... 116

4 ©Canadean 2014. This product is licensed and is not to be photocopied. 4

The Future of the Ice Cream Market in Singapore to 2017 Published: February 2014

6.3.2 Lotte Holdings Co. Ltd. Major Products and Services ...... 117 6.3.3 Lotte Holdings Co. Ltd. Key Competitors ...... 120 6.3.4 Lotte Holdings Co. Ltd. SWOT Analysis ...... 120 6.3.5 Lotte Holdings Co. Ltd. SWOT Analysis - Overview ...... 120 6.3.6 Lotte Holdings Co. Ltd. Strengths ...... 120 6.3.7 Lotte Holdings Co. Ltd. Weaknesses ...... 122 6.3.8 Lotte Holdings Co. Ltd. Opportunities ...... 122 6.3.9 Lotte Holdings Co. Ltd. Threats...... 123 6.3.10 Lotte Holdings Co. Ltd. History ...... 125 6.3.11 Lotte Holdings Co. Ltd. Key Employees ...... 128 6.3.12 Lotte Holdings Co. Ltd. Locations and Subsidiaries ...... 128 6.4 Suntory Holdings Limited ...... 145 6.4.1 Suntory Holdings Limited Business Analysis ...... 145 6.4.2 Suntory Holdings Limited Major Products and Services...... 146 6.4.3 Suntory Holdings Limited Key Competitors ...... 147 6.4.4 Suntory Holdings Limited SWOT Analysis...... 148 6.4.5 Suntory Holdings Limited SWOT Analysis - Overview ...... 148 6.4.6 Suntory Holdings Limited Strengths...... 148 6.4.7 Suntory Holdings Limited Weaknesses ...... 149 6.4.8 Suntory Holdings Limited Opportunities ...... 149 6.4.9 Suntory Holdings Limited Threats ...... 150 6.4.10 Suntory Holdings Limited History ...... 152 6.4.11 Suntory Holdings Limited Key Employees ...... 155 6.4.12 Suntory Holdings Limited Locations and Subsidiaries ...... 156 6.5 Fonterra Co-operative Group Limited ...... 167 6.5.1 Fonterra Co-operative Group Limited Business Analysis ...... 167 6.5.2 Fonterra Co-operative Group Limited Major Products and Services ...... 168 6.5.3 Fonterra Co-operative Group Limited Key Competitors ...... 169 6.5.4 Fonterra Co-operative Group Limited SWOT Analysis ...... 169 6.5.5 Fonterra Co-operative Group Limited SWOT Analysis - Overview ...... 169 6.5.6 Fonterra Co-operative Group Limited Strengths ...... 169 6.5.7 Fonterra Co-operative Group Limited Weaknesses ...... 170 6.5.8 Fonterra Co-operative Group Limited Opportunities ...... 171 6.5.9 Fonterra Co-operative Group Limited Threats ...... 172 6.5.10 Fonterra Co-operative Group Limited History ...... 174

5 ©Canadean 2014. This product is licensed and is not to be photocopied. 5

The Future of the Ice Cream Market in Singapore to 2017 Published: February 2014

6.5.11 Fonterra Co-operative Group Limited Key Employees ...... 176 6.5.12 Fonterra Co-operative Group Limited Locations and Subsidiaries ...... 178 6.6 San Miguel Corporation ...... 183 6.6.1 San Miguel Corporation Business Analysis ...... 183 6.6.2 San Miguel Corporation Major Products and Services ...... 184 6.6.3 San Miguel Corporation Key Competitors ...... 186 6.6.4 San Miguel Corporation SWOT Analysis ...... 186 6.6.5 San Miguel Corporation SWOT Analysis - Overview ...... 186 6.6.6 San Miguel Corporation Strengths ...... 186 6.6.7 San Miguel Corporation Weaknesses ...... 187 6.6.8 San Miguel Corporation Opportunities ...... 187 6.6.9 San Miguel Corporation Threats ...... 188 6.6.10 San Miguel Corporation History ...... 190 6.6.11 San Miguel Corporation Key Employees ...... 193 6.6.12 San Miguel Corporation Locations and Subsidiaries ...... 196 6.7 Uni-President Enterprises Corp...... 200 6.7.1 Uni-President Enterprises Corp. Business Analysis ...... 200 6.7.2 Uni-President Enterprises Corp. Major Products and Services ...... 201 6.7.3 Uni-President Enterprises Corp. Key Competitors ...... 202 6.7.4 Uni-President Enterprises Corp. SWOT Analysis ...... 202 6.7.5 Uni-President Enterprises Corp. SWOT Analysis - Overview ...... 202 6.7.6 Uni-President Enterprises Corp. Strengths ...... 202 6.7.7 Uni-President Enterprises Corp. Weaknesses ...... 203 6.7.8 Uni-President Enterprises Corp. Opportunities ...... 204 6.7.9 Uni-President Enterprises Corp. Threats ...... 205 6.7.10 Uni-President Enterprises Corp. History ...... 206 6.7.11 Uni-President Enterprises Corp. Key Employees ...... 208 6.7.12 Uni-President Enterprises Corp. Locations and Subsidiaries ...... 210 6.8 Meiji Holdings Co., Ltd...... 214 6.8.1 Meiji Holdings Co., Ltd. Business Analysis ...... 214 6.8.2 Meiji Holdings Co., Ltd. Major Products and Services ...... 215 6.8.3 Meiji Holdings Co., Ltd. Key Competitors ...... 217 6.8.4 Meiji Holdings Co., Ltd. SWOT Analysis ...... 217 6.8.5 Meiji Holdings Co., Ltd. SWOT Analysis - Overview ...... 217 6.8.6 Meiji Holdings Co., Ltd. Strengths ...... 217

6 ©Canadean 2014. This product is licensed and is not to be photocopied. 6

The Future of the Ice Cream Market in Singapore to 2017 Published: February 2014

6.8.7 Meiji Holdings Co., Ltd. Weaknesses ...... 219 6.8.8 Meiji Holdings Co., Ltd. Opportunities ...... 220 6.8.9 Meiji Holdings Co., Ltd. Threats ...... 222 6.8.10 Meiji Holdings Co., Ltd. History ...... 223 6.8.11 Meiji Holdings Co., Ltd. Key Employees ...... 226 6.8.12 Meiji Holdings Co., Ltd. Locations and Subsidiaries ...... 227 6.9 Jeronimo Martins SGPS SA ...... 229 6.9.1 Jeronimo Martins SGPS SA Business Analysis ...... 229 6.9.2 Jeronimo Martins SGPS SA Major Products and Services...... 230 6.9.3 Jeronimo Martins SGPS SA Key Competitors ...... 231 6.9.4 Jeronimo Martins SGPS SA SWOT Analysis...... 231 6.9.5 Jeronimo Martins SGPS SA SWOT Analysis - Overview ...... 231 6.9.6 Jeronimo Martins SGPS SA Strengths...... 231 6.9.7 Jeronimo Martins SGPS SA Weaknesses ...... 232 6.9.8 Jeronimo Martins SGPS SA Opportunities ...... 233 6.9.9 Jeronimo Martins SGPS SA Threats ...... 234 6.9.10 Jeronimo Martins SGPS SA History ...... 235 6.9.11 Jeronimo Martins SGPS SA Key Employees ...... 237 6.9.12 Jeronimo Martins SGPS SA Locations and Subsidiaries ...... 238 6.10 Meiji Co., Ltd ...... 240 6.10.1 Meiji Co., Ltd Business Analysis ...... 240 6.10.2 Meiji Co., Ltd Major Products and Services ...... 241 6.10.3 Meiji Co., Ltd Key Competitors ...... 242 6.10.4 Meiji Co., Ltd SWOT Analysis ...... 242 6.10.5 Meiji Co., Ltd SWOT Analysis - Overview ...... 242 6.10.6 Meiji Co., Ltd Strengths ...... 242 6.10.7 Meiji Co., Ltd Weaknesses ...... 243 6.10.8 Meiji Co., Ltd Opportunities ...... 244 6.10.9 Meiji Co., Ltd Threats ...... 245 6.10.10 Meiji Co., Ltd History ...... 246 6.10.11 Meiji Co., Ltd Key Employees...... 248 6.10.12 Meiji Co., Ltd Locations and Subsidiaries ...... 249 7. News and Key Events in the Global Ice Cream Market ...... 252 7.1 Category News ...... 252 7.1.1 Carvel launches new fresh mint flavor ...... 252

7 ©Canadean 2014. This product is licensed and is not to be photocopied. 7

The Future of the Ice Cream Market in Singapore to 2017 Published: February 2014

7.1.2 General Mills Reports Fiscal 2014 Second-Quarter Results...... 252 7.1.3 ConAgra Foods Introduces 23 New Bertolli and P.F. Chang's Meals and Desserts ...... 254 7.1.4 'Tis The Season To Celebrate With Baskin-Robbins' Holiday Ice Cream Cakes And New Flavor Of The Month, Peppermint Bark In The Dark ...... 256 7.1.5 Nestlé launches environmental friendly ice cream freezers ...... 257 7.1.6 Sonic launches new holiday mint desserts ...... 258 7.1.7 Tesco recalls 4 Chocolate & Nut Ice Cream Cones over contamination concerns ...... 258 7.1.8 D’Gari Gelatin Selects HighJump Software Supply Chain Management Solutions ...... 259 7.1.9 Denali Flavors, Developers Of Moose Tracks Ice Cream, To Unveil Two New Decadent Flavors At The International Dairy Show Next Week ...... 260 7.1.10 Nestlé completes CHF26m expansion at Egypt plant ...... 261 8. Deal Activities in the Global Ice Cream Market ...... 262 8.1 Category Deals ...... 262 8.1.1 Saputo to acquire fluid milk activities of Scotsburn Co-Operative Services ...... 262 8.1.2 Philadelphia Macaroni acquires US pasta factory of Unilever ...... 263 8.1.3 Emmi to acquire Mexideli 2000 Holding ...... 264 8.1.4 GOYO Foods announces private placement of 200 shares ...... 265 8.1.5 RFM Corporation to acquire Royal pasta brand in the Philippines from Unilever ...... 266 8.1.6 Talleys Group to acquire additional 14.99% stake in Open Country Dairy from Olam International267 8.1.7 Stanic Grupa to acquire fruit juice business of Agrokor ...... 269 8.1.8 Talleys Group to acquire 14.99% stake in Open Country Dairy from Olam...... 270 8.1.9 ABR Holdings to acquire remaining 49% stake in E.Y.F. (S) ...... 272 8.1.10 McDonald’s raises US$482 million in public offering of 2.875% senior unsecured notes due 2025273 9. Appendix ...... 275 9.1 About Canadean ...... 275 9.2 Disclaimer ...... 275

8 ©Canadean 2014. This product is licensed and is not to be photocopied. 8

The Future of the Ice Cream Market in Singapore to 2017 Published: February 2014

List of Tables

Table 1: Category Definitions - Ice Cream Market ...... 13 Table 2: Distribution Channel Definitions - Ice Cream Market ...... 14 Table 3: Volume Units for Ice Cream Market ...... 15 Table 4: Singapore Exchange Rate LCU (Local Currency Unit) – USD (Annual Average), 2007 – 2012 ...... 16 Table 5: Singapore Ice Cream Market Value (LCU m) and Growth (Y-o-Y), 2007–17 ...... 17 Table 6: Singapore Ice Cream Market Value (USD m) and Growth (Y-o-Y), 2007–17 ...... 17 Table 7: Singapore Ice Cream Market Value (LCU m) by Category, 2007–12...... 19 Table 8: Singapore Ice Cream Market Value (LCU m) by Category, 2012–17...... 19 Table 9: Singapore Ice Cream Market Value (USD m) by Category, 2007–12 ...... 19 Table 10: Singapore Ice Cream Market Value (USD m) by Category, 2012–17 ...... 20 Table 11: Singapore Ice Cream Market Dynamics: past and future growth rates (2007–12 & 2012–17) and market size (2007, 2012 & 2017), by Category, by Value (LCU m) ...... 21 Table 12: Singapore Ice Cream Market Volume (Kg m) and Growth (Y-o-Y), 2007–17 ...... 22 Table 13: Singapore Per-capita Ice Cream Consumption (Kg/head & Y-o-Y growth), 2007–17 ...... 23 Table 14: Singapore Ice Cream Market Volume (Kg m) by Category, 2007–12 ...... 24 Table 15: Singapore Ice Cream Market Volume (Kg m) by Category, 2012–17 ...... 24 Table 16: Singapore Ice Cream Market Dynamics: past and future growth rates (2007–12 & 2012–17) and market size (2007, 2012 & 2017), by Category, by volume (Kg m) ...... 26 Table 17: Singapore Artisanal Ice Cream Market Value (LCU m) and Growth (Y-o-Y), 2007–17 ...... 27 Table 18: Singapore Artisanal Ice Cream Market Value (USD m) and Growth (Y-o-Y), 2007–17 ...... 27 Table 19: Singapore Artisanal Ice Cream Average Consumer Price (LCU) and Growth (Y-o-Y), 2007–17 ...... 29 Table 20: Singapore Artisanal Ice Cream Market Volume (Kg m) and Growth (Y-o-Y), 2007–17 ...... 30 Table 21: Singapore Artisanal Ice Cream Market Dynamics: past and future growth rates (2007–12 & 2012–17) and market size (2007, 2012 & 2017), by Value (LCU m), by Segments ...... 31 Table 22: Singapore Artisanal Ice Cream Market Dynamics: past and future growth rates (2007–12 & 2012–17) and market size (2007, 2012 & 2017), by Volume (Kg m), by Segments ...... 32 Table 23: Singapore Artisanal Ice Cream Market Value by Brands (LCU m), 2009–12 ...... 33 Table 24: Singapore Artisanal Ice Cream Market Value by Brands (USD m), 2009–12 ...... 33 Table 25: Singapore Artisanal Ice Cream Market Value by Distribution Channel (LCU m), 2009–12 ...... 34 Table 26: Singapore Artisanal Ice Cream Market Value by Distribution Channel (USD m), 2009–12 ...... 35 Table 27: Singapore Impulse Ice Cream Market Value (LCU m) and Growth (Y-o-Y), 2007–17 ...... 37 Table 28: Singapore Impulse Ice Cream Market Value (USD m) and Growth (Y-o-Y), 2007–17 ...... 37 Table 29: Singapore Impulse Ice Cream Average Consumer Price (LCU) and Growth (Y-o-Y), 2007–17 ...... 39 Table 30: Singapore Impulse Ice Cream Market Value (LCU m) by Segments, 2007–12 ...... 40 Table 31: Singapore Impulse Ice Cream Market Value (LCU m) by Segments, 2012–17 ...... 40 Table 32: Singapore Impulse Ice Cream Market Value (USD m) by Segments, 2007–12 ...... 40 Table 33: Singapore Impulse Ice Cream Market Value (USD m) by Segments, 2012–17 ...... 41 Table 34: Singapore Impulse Ice Cream Market Volume (Kg m) and Growth (Y-o-Y), 2007–17 ...... 42 Table 35: Singapore Impulse Ice Cream Market Volume (Kg m) by Segments, 2007–12...... 43 Table 36: Singapore Impulse Ice Cream Market Volume (Kg m) by Segments, 2012–17...... 43 Table 37: Singapore Impulse Ice Cream Market Dynamics: past and future growth rates (2007–12 & 2012–17) and market size (2007, 2012 & 2017), by Value (LCU m), by Segments ...... 45 Table 38: Singapore Impulse Ice Cream Market Dynamics: past and future growth rates (2007–12 & 2012–17) and market size (2007, 2012 & 2017), by Volume (Kg m), by Segments ...... 46 Table 39: Singapore Dairy-Based (Impulse Ice Cream) Market by Value (LCU m), 2007–17 ...... 47 Table 40: Singapore Dairy-Based (Impulse Ice Cream) Market by Value (USD m), 2007–17 ...... 47 Table 41: Singapore Dairy-Based (Impulse Ice Cream) Market by Volume (Kg m), 2007–17 ...... 48 Table 42: Singapore Water-Based (Impulse Ice Cream) Market by Value (LCU m), 2007–17 ...... 49 Table 43: Singapore Water-Based (Impulse Ice Cream) Market by Value (USD m), 2007–17 ...... 49 Table 44: Singapore Water-Based (Impulse Ice Cream) Market by Volume (Kg m), 2007–17 ...... 50 Table 45: Singapore Impulse Ice Cream Market Value by Brands (LCU m), 2009–12 ...... 51 Table 46: Singapore Impulse Ice Cream Market Value by Brands (USD m), 2009–12 ...... 51

9 ©Canadean 2014. This product is licensed and is not to be photocopied. 9

The Future of the Ice Cream Market in Singapore to 2017 Published: February 2014

Table 47: Singapore Impulse Ice Cream Market Value by Distribution Channel (LCU m), 2009–12 ...... 53 Table 48: Singapore Impulse Ice Cream Market Value by Distribution Channel (USD m), 2009–12 ...... 54 Table 49: Singapore Take-Home Ice Cream Market Value (LCU m) and Growth (Y-o-Y), 2007–17 ...... 56 Table 50: Singapore Take-Home Ice Cream Market Value (USD m) and Growth (Y-o-Y), 2007–17 ...... 56 Table 51: Singapore Take-Home Ice Cream Average Consumer Price (LCU) and Growth (Y-o-Y), 2007–17 ...... 58 Table 52: Singapore Take-Home Ice Cream Market Value (LCU m) by Segments, 2007–12 ...... 59 Table 53: Singapore Take-Home Ice Cream Market Value (LCU m) by Segments, 2012–17 ...... 59 Table 54: Singapore Take-Home Ice Cream Market Value (USD m) by Segments, 2007–12 ...... 59 Table 55: Singapore Take-Home Ice Cream Market Value (USD m) by Segments, 2012–17 ...... 60 Table 56: Singapore Take-Home Ice Cream Market Volume (Kg m) and Growth (Y-o-Y), 2007–17 ...... 61 Table 57: Singapore Take-Home Ice Cream Market Volume (Kg m) by Segments, 2007–12 ...... 62 Table 58: Singapore Take-Home Ice Cream Market Volume (Kg m) by Segments, 2012–17 ...... 62 Table 59: Singapore Take-Home Ice Cream Market Dynamics: past and future growth rates (2007–12 & 2012–17) and market size (2007, 2012 & 2017), by Value (LCU m), by Segments ...... 64 Table 60: Singapore Take-Home Ice Cream Market Dynamics: past and future growth rates (2007–12 & 2012–17) and market size (2007, 2012 & 2017), by Volume (Kg m), by Segments ...... 65 Table 61: Singapore Dairy-Based (Take-Home Ice Cream) Market by Value (LCU m), 2007–17 ...... 66 Table 62: Singapore Dairy-Based (Take-Home Ice Cream) Market by Value (USD m), 2007–17 ...... 66 Table 63: Singapore Dairy-Based (Take-Home Ice Cream) Market by Volume (Kg m), 2007–17 ...... 67 Table 64: Singapore Water-Based (Take-Home Ice Cream) Market by Value (LCU m), 2007–17 ...... 68 Table 65: Singapore Water-Based (Take-Home Ice Cream) Market by Value (USD m), 2007–17 ...... 68 Table 66: Singapore Water-Based (Take-Home Ice Cream) Market by Volume (Kg m), 2007–17 ...... 69 Table 67: Singapore Take-Home Ice Cream Market Value by Brands (LCU m), 2009–12 ...... 70 Table 68: Singapore Take-Home Ice Cream Market Value by Brands (USD m), 2009–12 ...... 70 Table 69: Singapore Take-Home Ice Cream Market Value by Distribution Channel (LCU m), 2009–12 ...... 72 Table 70: Singapore Take-Home Ice Cream Market Value by Distribution Channel (USD m), 2009–12 ...... 73 Table 71: Nestle SA Fast Facts ...... 75 Table 72: Nestle SA Major Products and Services ...... 76 Table 73: Nestle SA History ...... 84 Table 74: Nestle SA Key Employees...... 88 Table 75: Nestle SA Subsidiaries ...... 90 Table 76: Unilever PLC Fast Facts ...... 98 Table 77: Unilever PLC Major Products and Services...... 99 Table 78: Unilever PLC History ...... 106 Table 79: Unilever PLC Key Employees ...... 109 Table 80: Unilever PLC Subsidiaries ...... 111 Table 81: Lotte Holdings Co. Ltd. Fast Facts ...... 116 Table 82: Lotte Holdings Co. Ltd. Major Products and Services ...... 117 Table 83: Lotte Holdings Co. Ltd. History...... 125 Table 84: Lotte Holdings Co. Ltd. Key Employees ...... 128 Table 85: Lotte Holdings Co. Ltd. Other Locations ...... 128 Table 86: Lotte Holdings Co. Ltd. Subsidiaries ...... 132 Table 87: Suntory Holdings Limited Fast Facts ...... 145 Table 88: Suntory Holdings Limited Major Products and Services ...... 146 Table 89: Suntory Holdings Limited History ...... 152 Table 90: Suntory Holdings Limited Subsidiaries ...... 156 Table 91: Fonterra Co-operative Group Limited Fast Facts ...... 167 Table 92: Fonterra Co-operative Group Limited Major Products and Services ...... 168 Table 93: Fonterra Co-operative Group Limited History ...... 174 Table 94: Fonterra Co-operative Group Limited Subsidiaries ...... 178 Table 95: San Miguel Corporation Fast Facts...... 183 Table 96: San Miguel Corporation Major Products and Services ...... 184 Table 97: San Miguel Corporation History ...... 190 Table 98: San Miguel Corporation Key Employees ...... 193 Table 99: San Miguel Corporation Subsidiaries ...... 196 Table 100: Uni-President Enterprises Corp. Fast Facts ...... 200

10 ©Canadean 2014. This product is licensed and is not to be photocopied. 10

The Future of the Ice Cream Market in Singapore to 2017 Published: February 2014

Table 101: Uni-President Enterprises Corp. Major Products and Services ...... 201 Table 102: Uni-President Enterprises Corp. History ...... 206 Table 103: Uni-President Enterprises Corp. Other Locations ...... 210 Table 104: Uni-President Enterprises Corp. Subsidiaries ...... 212 Table 105: Meiji Holdings Co., Ltd. Fast Facts ...... 214 Table 106: Meiji Holdings Co., Ltd. Major Products and Services ...... 215 Table 107: Meiji Holdings Co., Ltd. History ...... 223 Table 108: Meiji Holdings Co., Ltd. Key Employees ...... 226 Table 109: Meiji Holdings Co., Ltd. Other Locations ...... 227 Table 110: Meiji Holdings Co., Ltd. Subsidiaries ...... 228 Table 111: Jeronimo Martins SGPS SA Fast Facts ...... 229 Table 112: Jeronimo Martins SGPS SA Major Products and Services ...... 230 Table 113: Jeronimo Martins SGPS SA History ...... 235 Table 114: Jeronimo Martins SGPS SA Key Employees ...... 237 Table 115: Jeronimo Martins SGPS SA Subsidiaries ...... 238 Table 116: Meiji Co., Ltd Fast Facts ...... 240 Table 117: Meiji Co., Ltd Major Products and Services ...... 241 Table 118: Meiji Co., Ltd History...... 246 Table 119: Meiji Co., Ltd Key Employees ...... 248 Table 120: Meiji Co., Ltd Other Locations ...... 249 Table 121: Meiji Co., Ltd Subsidiaries ...... 251

11 ©Canadean 2014. This product is licensed and is not to be photocopied. 11

The Future of the Ice Cream Market in Singapore to 2017 Published: February 2014

List of Figures

Figure 1: Singapore Ice Cream Market Value (LCU m) and Growth (Y-o-Y), 2007–17 ...... 18 Figure 2: Singapore Ice Cream Market Value (LCU m) by Category, 2007–17 ...... 20 Figure 3: Singapore Ice Cream Market Dynamics, by Category, by Market Value, 2007–17 ...... 21 Figure 4: Singapore Ice Cream Market Volume (Kg m) and Growth (Y-o-Y), 2007–17 ...... 22 Figure 5: Singapore Per-Capita Ice Cream Consumption (Kg/head & Y-o-Y growth), 2007–17 ...... 23 Figure 6: Singapore Ice Cream Market Volume (Kg m) by Category, 2007–17 ...... 25 Figure 7: Singapore Ice Cream Market Dynamics, by Category, by Market Volume 2007–17 ...... 26 Figure 8: Singapore Artisanal Ice Cream Market Value (LCU m) and Growth (Y-o-Y), 2007–17 ...... 28 Figure 9: Singapore Artisanal Ice Cream Average Consumer Price (LCU) and Growth (Y-o-Y), 2007–17 ...... 29 Figure 10: Singapore Artisanal Ice Cream Market Volume (Kg m) and Growth (Y-o-Y), 2007–17 ...... 30 Figure 11: Singapore Artisanal Ice Cream Market Growth Dynamics by Value, 2007–17...... 31 Figure 12: Singapore Artisanal Ice Cream Market Growth Dynamics by Volume, 2007–17 ...... 32 Figure 13: Singapore Artisanal Ice Cream Market Value by Distribution Channel (LCU m), 2009–12 ...... 36 Figure 14: Singapore Impulse Ice Cream Market Value (LCU m) and Growth (Y-o-Y), 2007–17 ...... 38 Figure 15: Singapore Impulse Ice Cream Average Consumer Price (LCU) and Growth (Y-o-Y), 2007–17...... 39 Figure 16: Singapore Impulse Ice Cream Market Value (LCU m) by Segments, 2007–17...... 41 Figure 17: Singapore Impulse Ice Cream Market Volume (Kg m) and Growth (Y-o-Y), 2007–17 ...... 42 Figure 18: Singapore Impulse Ice Cream Market Volume (Kg m) by Segments, 2007–17 ...... 44 Figure 19: Singapore Impulse Ice Cream Market Growth Dynamics by Value, 2007–17 ...... 45 Figure 20: Singapore Impulse Ice Cream Market Growth Dynamics by Volume, 2007–17 ...... 46 Figure 21: Singapore Dairy-Based (Impulse Ice Cream) Market by Value (LCU m), 2007–17 ...... 47 Figure 22: Singapore Dairy-Based (Impulse Ice Cream) Market by Volume (Kg m), 2007–17 ...... 48 Figure 23: Singapore Water-Based (Impulse Ice Cream) Market by Value (LCU m), 2007–17 ...... 49 Figure 24: Singapore Water-Based (Impulse Ice Cream) Market by Volume (Kg m), 2007–17 ...... 50 Figure 25: Singapore Impulse Ice Cream Market Value by Brands (LCU m), 2009–12 ...... 52 Figure 26: Singapore Impulse Ice Cream Market Value by Distribution Channel (LCU m), 2009–12 ...... 55 Figure 27: Singapore Take-Home Ice Cream Market Value (LCU m) and Growth (Y-o-Y), 2007–17 ...... 57 Figure 28: Singapore Take-Home Ice Cream Average Consumer Price (LCU) and Growth (Y-o-Y), 2007–17 ...... 58 Figure 29: Singapore Take-Home Ice Cream Market Value (LCU m) by Segments, 2007–17 ...... 60 Figure 30: Singapore Take-Home Ice Cream Market Volume (Kg m) and Growth (Y-o-Y), 2007–17...... 61 Figure 31: Singapore Take-Home Ice Cream Market Volume (Kg m) by Segments, 2007–17 ...... 63 Figure 32: Singapore Take-Home Ice Cream Market Growth Dynamics by Value, 2007–17...... 64 Figure 33: Singapore Take-Home Ice Cream Market Growth Dynamics by Volume, 2007–17...... 65 Figure 34: Singapore Dairy-Based (Take-Home Ice Cream) Market by Value (LCU m), 2007–17 ...... 66 Figure 35: Singapore Dairy-Based (Take-Home Ice Cream) Market by Volume (Kg m), 2007–17 ...... 67 Figure 36: Singapore Water-Based (Take-Home Ice Cream) Market by Value (LCU m), 2007–17 ...... 68 Figure 37: Singapore Water-Based (Take-Home Ice Cream) Market by Volume (Kg m), 2007–17 ...... 69 Figure 38: Singapore Take-Home Ice Cream Market Value by Brands (LCU m), 2009–12 ...... 71 Figure 39: Singapore Take-Home Ice Cream Market Value by Distribution Channel (LCU m), 2009–12...... 74

12 ©Canadean 2014. This product is licensed and is not to be photocopied. 12

The Future of the Ice Cream Market in Singapore to 2017 Published: February 2014

1. Introduction

1.1 What is this Report About?

This report is the result of Canadean’s extensive market research covering the Ice Cream Market in Singapore. It provides detailed segmentation of historic and future Ice Cream Market, covering key categories and segments.

As such the report is an essential tool for companies active across the Ice Cream industry and for new players considering entry into Singapore’s Ice Cream market.

1.2 Definitions

All the data is collected in volume terms. Ice Cream Market refers to domestic Market only and includes imports. Please note that rounding errors may occur.

1.2.1 This report provides 2012 actual sales; while forecasts are provided for 2013 – 2017.

1.2.2 Category Definitions

Table 1: Category Definitions - Ice Cream Market

Category Segment Definition

Artisanal Ice Cream - Ice cream manufactured by small local producers for sale on the premises. Includes impulse and take-home sales, but not on-the- Artisanal Ice Cream premises consumption. Dairy- or vegetable oil-based ice cream products purchased for immediate consumption. Includes single-serve ice cream tubs, packaged cones (e.g. Cornetto), ice cream sandwiches, and chocolate-coated ice creams (e.g Dairy-Based Magnum). Includes low fat dairy and oil-based products (other than frozen Impulse Ice Cream (Impulse Ice Cream) yogurt). Water-Based Water-based frozen desserts purchased for immediate consumption. Includes (Impulse Ice Cream) single serve sorbet/sherbert tubs and ice lollies e.g. Calippo Dairy- or vegetable oil-based ice cream intended for consumption in the home, as opposed to an impulse purchase for immediate consumption. Includes multiple-serving ice cream tubs (e.g. Ben & Jerry's, Carte d'Or, Häagen-Dazs) Dairy-Based (Take- and, ice-cream cakes (e.g. Vienetta). Includes low-fat dairy- and oil-based Take-Home Ice Cream Home Ice Cream) products (other than frozen yogurt). Water-based frozen desserts intended for consumption in the home, as Water-Based (Take- opposed to an impulse purchase for immediate consumption. Includes single Home Ice Cream) serve sorbet/sherbert tubs and ice lollies e.g. Calippo Source: Canadean / © Canadean

13 ©Canadean 2014. This product is licensed and is not to be photocopied. 13

The Future of the Ice Cream Market in Singapore to 2017 Published: February 2014

1.2.3 Distribution Channel Definitions

Table 2: Distribution Channel Definitions - Ice Cream Market

Distribution Channel Definition Cash & carries sell from a wholesale warehouse to customers (small retailers, professional users) who pay on the spot and transport goods away themselves. Warehouse clubs are no-frills stores that sell discounted goods to members who pay an annual fee. Delivered wholesale sales are not included. In our data only sales from these stores direct to the public (for example through work place deals allowing otherwise Cash & carries & warehouse clubs regular consumers to shop there) are covered. Example: Makro, Metro, Costco, Sams (Cash & Carry) Club Dollar Stores, Variety Stores & General Merchandise Retailers - A variety store or price- point retailer (including Dollar stores) is a retail store that sells inexpensive items, often with a single price for all items in the store, or a general low price policy. Typical merchandise includes cleaning supplies, toys, household goods and gardening equipment, basic foods and beverages. A general store, general merchandise store, or small town store carries a (broad) general line of merchandise, often in a medium (and sometimes small) store format, serving the needs of either the surrounding town or rural Discount, variety store & general area. They differ from convenience stores or corner shops in that it will be the main shop merchandise retailers for the community rather than a convenient supplement and typically carries a broader (Dollar Stores) product line. Example: 9 to 9 Dollar Shop. Convenience Stores - Includes all sales through stores of an area generally less than 300 sq m, that specialize in a limited range of food & grocery products designed primarily for consumers with top-up shopping needs. Also includes sales in retail outlets attached to gas stations, where fuel is the main revenue driver, kiosks, and newsstands. This also Convenience stores & gas stations includes small independent retailers, particularly those present in countries such as China (Convenience stores) and India.

Department Stores - Includes all sales through multi-category retailers, focusing primarily Department stores on non-grocery categories with distinct departments specializing in defined product areas. (Department stores) Examples include Bloomingdale's, Macy's, John Lewis and El Corte Ingles. Hypermarkets& Supermarkets (incl. discounters) - Hypermarkets/mass merchandisers include all sales through retailers with floor area over 2,500 sq m that carry full lines of both grocery and general merchandise (e.g. Walmart). Supermarkets include all sales through retailers with a floor area of 300 sq m -2,500 sq m that offer a wide, Hypermarkets & supermarkets departmentalized range of groceries, and may carry some general merchandise lines (e.g. (Hyper/ Super Markets) Sainsbury's, Kroger). It also includes hard grocery discounters such as Walmart. Vending machines Vending machines - Includes paid-for sales from all vending machines not located within a (Vending machines) store (e.g. public places, workplaces, pubs & Bars). Drug stores & Pharmacies - Stores licensed to dispense prescription (Rx) and over-the- counter (OTC) healthcare products and where these sales account for the majority of Drug stores & Pharmacies revenues. Also known as Drug store and Health store. This channel does not include (Pharmacies) supermarkets with pharmacy counters. Example: Hetro and Apollo pharmacies in India. Food & drinks specialists - Includes bakers, butchers, delicatessens, drinks specialists, fishmongers, greengrocers, Food & drinks only stores, and single category stores (e.g. Food & drinks specialists stores selling only cheese, or only olives, or only honey, or only Confectionery products) (Food & drinks specialists) Example : Amul Dairy shops In India. eRetailers - Includes all sales that take place over the internet, irrespective of whether the eRetailers vendor is a pure-play internet company or the online offering of a physical retailer. (eRetailers) Example: Amazon, SPAR and FutureBazaar.com in India.

14 ©Canadean 2014. This product is licensed and is not to be photocopied. 14

The Future of the Ice Cream Market in Singapore to 2017 Published: February 2014

Table 2: Distribution Channel Definitions - Ice Cream Market

Distribution Channel Definition

Retailers that generate the majority of their revenue through a specific product type. In the Health & Beauty Stores personal care market, this includes specialist stores other than drugstores. Example: Boots in UK, Himalaya In India. Others - Includes other generalist retail channels not included in the categories above Other general retailers (e.g. market traders, charity stores, student union stores, direct sales, and Duty Free (Others) shops). Source: Canadean / © Canadean

1.2.4 Volume Units and Aggregations

Table 3: Volume Units for Ice Cream Market

Market Category Units

Ice Cream Artisanal Ice Cream Kg m

Impulse Ice Cream Kg m

Take - Home Ice Cream Kg m Source: Canadean / © Canadean

1.2.5 CAGR Definition and Calculation

Compound Annual Growth Rate (CAGR) is the year-over-year growth rate of a value over a specified period of time.

For this report, CAGR for historic time period is Calculated from 2007-2012, as

CAGR = (( 2012 Value / 2007 Value ) ^ ( 1 / (2012-2007)) ) - 1

CAGR for forecast time period is Calculated from 2012-2017, as

CAGR = (( 2017 Value / 2012 Value ) ^ ( 1 / (2017-2012)) ) - 1

For Brand Analysis and Distribution Channel Analysis, CAGR is Calculated from 2009-2012, as

CAGR = (( 2012 Value / 2009 Value ) ^ ( 1 / (2012-2009)) ) - 1

15 ©Canadean 2014. This product is licensed and is not to be photocopied. 15

The Future of the Ice Cream Market in Singapore to 2017 Published: February 2014

1.2.6 Graphical representation of Brands Top 10 brands are considered for each category in the market subject to availability of such data. Brand analysis charts are displayed only for categories where data is available for more than two brands.

1.2.7 Exchange Rates

All research is conducted in local currency in nominal prices. US dollar conversions for all historic data and for the latest year of actual data (2012 in this report) are made using an annual average exchange rate. For details please refer to table below. As we do not forecast exchange rates, the forecast data (from 2013 to 2017) is converted using a fixed 2012 exchange rate. As a result, annual growth rates for historic data will differ between local currencies and US dollar conversions, whereas they will be the same for forecasts.

Table 4: Singapore Exchange Rate LCU (Local Currency Unit) – USD (Annual Average), 2007 – 2012

Currency 2007 2008 2009 2010 2011 2012

LCU – USD XXXX XXXX XXXX XXXX XXXX XXXX Source: Canadean / © Canadean

1.2.8 Methodology Summary In order to create the data for all the reports in this series and ensure its robustness, a comprehensive and empirically robust research methodology has been adopted. This combines both a large-scale program of industry research with the results of extensive primary industry interviewing and calling. Furthermore, all definitions are standardized across products and countries to ensure comparability.

The two main research methods, secondary research and primary research (the program of interviewing industry contacts), are brought together and because both sets of research processes have been designed in conjunction with each other they can be combined and consolidated into the final, integrated data sets.

The secondary research process involves covering publicly available sources, trade associations, specialist databases, company annual reports, and industry publications. While primary research involves a major program of interviewing leading industry executives for each category covered in each country – all with local country experts; typically brand, product and marketing managers for major brands within each country. These processes help analysts in capturing both qualitative and quantitative information about the market.

The final stage of the process is the triangulation of inputs obtained from all the research methods with the analyst’s own understanding of the market in order to finalize the data. Once the data is finalized, it goes through various top level quality checks prior to publishing.

16 ©Canadean 2014. This product is licensed and is not to be photocopied. 16

The Future of the Ice Cream Market in Singapore to 2017 Published: February 2014

2. Singapore Ice Cream Market Analysis, 2007–17

2.1 Ice Cream Value Analysis, 2007–17

2.1.1 Overall Ice Cream Market Value, 2007–17

Table 5: Singapore Ice Cream Market Value (LCU m) and Growth (Y-o-Y), 2007–17

Category 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017

Market Value

Y-o-Y growth

Source: Canadean / © Canadean

Table 6: Singapore Ice Cream Market Value (USD m) and Growth (Y-o-Y), 2007–17

Category 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017

Market Value

Y-o-Y growth

Source: Canadean / © Canadean

17 ©Canadean 2014. This product is licensed and is not to be photocopied. 17

The Future of the Ice Cream Market in Singapore to 2017 Published: February 2014

Figure 1: Singapore Ice Cream Market Value (LCU m) and Growth (Y-o-Y), 2007–17

Source: Canadean / © Canadean

18 ©Canadean 2014. This product is licensed and is not to be photocopied. 18

The Future of the Ice Cream Market in Singapore to 2017 Published: February 2014

2.1.2 Ice Cream Market Value by Category, 2007–17

Table 7: Singapore Ice Cream Market Value (LCU m) by Category, 2007–12 CAGR Category 2007 2008 2009 2010 2011 2012 2007–12

Artisanal Ice Cream

Impulse Ice Cream Take-Home Ice Cream

Overall

Source: Canadean / © Canadean

Table 8: Singapore Ice Cream Market Value (LCU m) by Category, 2012–17 CAGR Category 2012 2013 2014 2015 2016 2017 2012–17

Artisanal Ice Cream

Impulse Ice Cream Take-Home Ice Cream

Overall

Source: Canadean / © Canadean

Table 9: Singapore Ice Cream Market Value (USD m) by Category, 2007–12 CAGR Category 2007 2008 2009 2010 2011 2012 2007–12

Artisanal Ice Cream

Impulse Ice Cream Take-Home Ice Cream

Overall

Source: Canadean / © Canadean

19 ©Canadean 2014. This product is licensed and is not to be photocopied. 19

The Future of the Ice Cream Market in Singapore to 2017 Published: February 2014

Table 10: Singapore Ice Cream Market Value (USD m) by Category, 2012–17 CAGR Category 2012 2013 2014 2015 2016 2017 2012–17

Artisanal Ice Cream

Impulse Ice Cream Take-Home Ice Cream

Overall

Source: Canadean / © Canadean

Figure 2: Singapore Ice Cream Market Value (LCU m) by Category, 2007–17

Source: Canadean / © Canadean

The Future of the Ice Cream Market in Singapore to 2017 Published: February 2014

2.1.3 Market Growth Dynamics by Value – Ice Cream, 2007–17

Table 11: Singapore Ice Cream Market Dynamics: past and future growth rates (2007–12 & 2012–17) and market size (2007, 2012 & 2017), by Category, by Value (LCU m) Market Size Market Size Market Size Category CAGR 2012–17 CAGR 2007–12 2007 2012 2017

Artisanal Ice Cream

Impulse Ice Cream

Take-Home Ice Cream

Overall

Figure 3: Singapore Ice Cream Market Dynamics, by Category, by Market Value, 2007–17

The Future of the Ice Cream Market in Singapore to 2017 Published: February 2014

2.2 Ice Cream Volume Analysis, 2007–17

2.2.1 Overall Ice Cream Market Volume, 2007–17

Table 12: Singapore Ice Cream Market Volume (Kg m) and Growth (Y-o-Y), 2007–17

Category 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017

Market Volume

Y-o-Y growth

Figure 4: Singapore Ice Cream Market Volume (Kg m) and Growth (Y-o-Y), 2007–17

The Future of the Ice Cream Market in Singapore to 2017 Published: February 2014

2.2.2 Per-Capita Consumption - Ice Cream, 2007–17

Table 13: Singapore Per-capita Ice Cream Consumption (Kg/head & Y-o-Y growth), 2007–17

Category 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017

Per-Capita Consumption

Y-o-Y growth

Figure 5: Singapore Per-Capita Ice Cream Consumption (Kg/head & Y-o-Y growth), 2007–17

The Future of the Ice Cream Market in Singapore to 2017 Published: February 2014

2.2.3 Ice Cream Market Volume by Category, 2007–17

Table 14: Singapore Ice Cream Market Volume (Kg m) by Category, 2007–12 CAGR Category 2007 2008 2009 2010 2011 2012 2007–12

Artisanal Ice Cream

Impulse Ice Cream Take-Home Ice Cream

Overall

Table 15: Singapore Ice Cream Market Volume (Kg m) by Category, 2012–17 CAGR Category 2012 2013 2014 2015 2016 2017 2012–17 Artisanal Ice Cream

Impulse Ice Cream Take-Home Ice Cream

Overall

The Future of the Ice Cream Market in Singapore to 2017 Published: February 2014

Figure 6: Singapore Ice Cream Market Volume (Kg m) by Category, 2007–17

The Future of the Ice Cream Market in Singapore to 2017 Published: February 2014

2.2.4 Market Growth Dynamics by Volume – Ice Cream, 2007–17

Table 16: Singapore Ice Cream Market Dynamics: past and future growth rates (2007–12 & 2012–17) and market size (2007, 2012 & 2017), by Category, by volume (Kg m) Market Size Market Size Market Size Category CAGR 2012–17 CAGR 2007–12 2007 2012 2017

Artisanal Ice Cream

Impulse Ice Cream

Take-Home Ice Cream

Overall

Figure 7: Singapore Ice Cream Market Dynamics, by Category, by Market Volume 2007–17