Singapore Functional Beverages Market Foresee Positive Growth in Future: Ken Research - PowerPoint PPT Presentation

About This Presentation
Title:

Singapore Functional Beverages Market Foresee Positive Growth in Future: Ken Research

Description:

A shortage of imported raw materials has resulted in a large number of health and wellness products recording volume declines in 2016, making it impossible to reverse the downward trend of 2012-2015. – PowerPoint PPT presentation

Number of Views:32

less

Transcript and Presenter's Notes

Title: Singapore Functional Beverages Market Foresee Positive Growth in Future: Ken Research


1
Singapore Functional Beverages Market Foresee
Positive Growth in Future Ken Research
2
Insufficient exercise and less consumption of
convenience food busy lifestyles leading to
health deterioration increased incidence of
self-medication growing awareness among people
regarding the connection between their diet and
health, thanks to the inflow of information on
these topics from the health authorities and the
media a competitive market with many players,
has all led to the diffusion of functional foods.
Moreover, the economic potential of functional
food products has been realized by many
stakeholders who are beginning to consider these
products as highly important for public health
prevention.
3
  • According to some authors, the widespread
    consumption of the functional foods can reduce
    the expenditure on healthcare by around 20
    annually.
  • Many parts of the world, including the
    Asia-Pacific have seen an increased demand for
    healthy food and beverages over the last decade.
    Deteriorating health due to hectic lifestyles of
    consumers which do not give them the time to
    focus on their nutritional well-being and
    exercise and the rising costs of health care have
    been fueling the demand for functional food and
    beverages.
  • The growing desire of consumers to eat healthy,
    have proper intake of required nutrition and be
    able to self-medicate themselves has resulted in
    the consumers striving towards a healthier and
    more nutritious well-being. This has been
    supported

4
  • by public and political offices by various policy
    decisions, for example, the decision by the
    government of United Kingdom to implement a tax
    on sugared drinks by the year 2018.
  • The market for functional drinks can be segmented
    into three product categories sports drinks,
    energy drinks and nutraceutical drinks. The use
    of functional drinks for specific purposes and to
    perform a particular function or to provide a
    particular nutrient has resulted in the category
    becoming highly targeted and specific. This has
    resulted in a slew of new startups all over the
    world, which are looking to serve some specific
    niche market with the help of specific functional
    drinks as their product.
  • The report titled Fortified/Functional Beverages
    in Singapore provides a detailed and in-depth
    analysis of the

5
Fortified/Functional beverages market in
Singapore by giving the shape and size of the
market. The report also provides the forecast of
the future for the market thus providing the
trajectory that the market is expected to take in
the near future. There has been decline in
volumes of a large number of wellness and health
products in 2016 owing to a shortage of the
imported raw materials needed to manufacture
these products. This has made reversing the
downward trend shown by the market in 2012-2015
impossible. The fall in the global oil prices has
majorly resulted in a decline in revenues from
the activities related to oil and the government
became unable to maintain imports of the raw
materials after 2010 until when the government of
Singapore was able to supply the industry with
imports of raw materials.
6
  • It is estimated that the fortified/functional
    beverages will show a slow and steady growth over
    the forecast period. The estimates are based on
    the projected sales and revenue of
    fortified/functional fruit or vegetable juice
    category which is the largest among all product
    categories for the fortified/functional beverages
    market.
  • The new health conscious generation of Singapore
    is growing more aware day-by-day of the
    importance of these beverages to balance their
    diets and appreciate the convenience of doing so
    in their hectic lifestyles. Thus, it is expected
    that the fortified/functional beverages market in
    Singapore is set to grow in the near future.
  • To know more about the research report
  • Singapore Fermented Beverages Industry Future
    Outlook
  • Singapore Micronutrient Drinks Import Value
  • Singapore Dietary Fiber Beverages Market Demand

7
Singapore Nutritional Functional Drinks
Trends Singapore Vitamin Fortified Drinks Market
Size Singapore Fortified Wine Market Growth
Opportunities Singapore Functional Beverages
Market Analysis Singapore Fortified Beverages
Market Research Report Singapore Fortified Water
Industry Trends Singapore Mineral Enriched
Beverages Market Revenue Global Functional
Beverages Market Research Report For further
reading click on the link below https//www.kenre
search.com/food-beverage-and-tobacco/non-alcoholic
-beverages/fortified-functional-beverages-singapor
e/121716-11.html
8
Related reports https//www.kenresearch.com/food-
beverage-and-tobacco/non-alcoholic-beverages/forti
fied-functional-packaged-food-vietnam/121737-11.ht
ml https//www.kenresearch.com/food-beverage-and-
tobacco/non-alcoholic-beverages/health-wellness-vi
etnam/121821-11.html Contact Ken Research
Ankur Gupta, Head Marketing Communications quer
y_at_kenresearch.com 91-124-4230204
9
(No Transcript)
Write a Comment
User Comments (0)
About PowerShow.com