Market Overview and Insights
The Singapore Ice Cream Market is anticipated to grow steadily during the forecast period [2025–2030], with a base year of [2024]. This growth is driven by evolving technologies, changing consumer preferences, and expanding applications across various industries.
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Singapore Ice Cream Market Trend
Balancing Indulgence with Healthier Snacking via Portion Control - The end users are becoming more health-conscious. It is creating a rising demand for healthier options like low-sugar or low-calorie variants, but the category remains underdeveloped in Singapore. Instead, portion control is being adopted by the end users of the country. It emerged as a popular strategy by balancing emergence with mindful eating.
Mini ice cream cones format allows the end users to enjoy their favorite ice cream without overconsuming it. Moreover, this trend also aligns with the health and wellness trend in the snacking sector. It promotes brands to increase the offerings, such as mini sticks, cups, etc., ensuring the indulgence is being preserved with better calorie management. For instance, Magnum has introduced popular mini versions of some of its popular flavors like Double Starchaser and Euphoria Pink Lemonade, each just 55 ml, which is comparatively less compared to regular 110 ml sticks. The shift towards the ‘’snackification’’ is expected to contribute to and drive the sales of multi-pack, portion-controlled ice cream during the forecast period.
Singapore Ice Cream Market Size, Share & Revenue
The size of Singapore Ice Cream market was valued at USD 150 million in 2024, and it and is projected to reach USD 163 million by 2030. Along with this, the market is estimated to grow at a CAGR of around 1.68% during the forecast period 2025-2030.
Time Frame Covered in the Report:
- Historical Years: [2020–2023]
- Base Year: [2024]
- Forecast Period: [2025–2030]
Key Players in the Singapore Ice Cream Market
Prominent Singapore Ice Cream companies contributing to market development include:
- Unilever Singapore Pte Ltd.
- General Mills Asia Pte Ltd.
- F&N Foods (S) Pte Ltd.
- Nestlé Singapore Pte Ltd.
- The Ice Cream & Cookie Co.
- Regal Cream Products Pty Ltd.
- NTUC FairPrice Co-operative Pte Ltd.
- Binggrae Co Ltd.
- Dreyer's Grand Ice Cream Holdings Inc.
- Kind Kones Global Pte Ltd.
- Others
These players are investing in innovation, expanding their geographical footprint, and adapting to dynamic market needs.
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Singapore Ice Cream Industry Segment and Geographical Breakdown
The market is segmented to offer a granular view of key areas:
By Category
> Frozen Yoghurt
> Impulse Ice Cream
>> Single Portion Dairy Ice Cream
>> Single Portion Water Ice Cream
> Plant-Based Ice Cream
> Take-Home Ice Cream
>> Take-Home Dairy Ice Cream
>>> Bulk Dairy Ice Cream
>>> Multi-Pack Dairy Ice Cream
>> Take-Home Water Ice Cream
>>> Bulk Water Ice Cream
>>> Multi-Pack Water Ice Cream
By Leading Flavors
> Chocolate
> Vanilla
> Strawberry
> Cookies & Cream
> Caramel
> Mango
> Pralines & Cream
> Kulfi
By Format
> Cup
> Stick
> Cone
> Brick
> Others (Sandwich, Tub, etc.)
By Sales Channel
> Retail Offline
>> Grocery Retailers
>>> Convenience Retailers
>>>> Convenience Stores
>>>> Forecourt Retailers
>>>> Supermarkets
>>>> Hypermarkets
>>>> Food & Drink Specialists
>>>> Small Local Grocers
> Retail E-Commerce
Growth Challenge in the Singapore Ice Cream Market:
Rising Prediabetes Reduces Ice Cream Consumption Due - Health concerns among the citizens of Singapore are rising, particularly the increasing prevalence of prediabetes. According to a study conducted by the National University of Singapore in 2024, almost 40% the all the health screening participants have prediabetes. The participants were significantly particularly of old age and had a higher BMI compared to those who didn’t have diabetes.
The trend highlights a growing segment of health-conscious end users who are becoming more vigilant about their dietary choices, especially about their sugar and calorie intake. The traditional Ice creams are known for their high sugar and fat content. Dietary restriction is the major challenge for the end users who are the risk of or managing diabetes.
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Table of Contents: Singapore Ice Cream
- Introduction
- Executive Summary
- What Our Experts Say?
- Singapore Ice Cream Market Import-Export Trade Statistics
- Singapore Ice Cream Market Status and Forecast by Segment and Region/Country
- Singapore Ice Cream Market Driving Factor Analysis
- Company Profiles and Singapore Ice Cream Market Data
- Singapore Ice Cream Market Trends & Insights
- Singapore Ice Cream Market Dynamics
- Singapore Ice Cream Market Hotspot & Opportunities
- Singapore Ice Cream Market Supply Chain Analysis
- Singapore Ice Cream Market Regulation & Policy
- Singapore Ice Cream Market Outlook, 2020- 2030
- Singapore Ice Cream Market Key Strategic Imperatives for Success & Growth
- Research Methodology and References
- Singapore Ice Cream Market Competition Status by Key Manufacturers/Service Provider
- Company Profiles
- Disclaimer
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