Singapore Ice Cream Market Research Report Forecast: (2025-2030)

Name: Singapore Ice Cream Market Research Report Forecast: (2025-2030)
Creator: MarkNtel Advisors
License: https://www.marknteladvisors.com/privacy-policy

Singapore Ice Cream Market - 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) and others Read more

Food & Beverages
May 2025
Pages 118
Report Format: PDF, Excel, PPT

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Singapore Ice Cream Market Statistics

The Singapore Ice Cream market size was estimated at USD 150 million in 2024.
By 2030, the market size is expected to touch USD 163 million, registering a CAGR of around 1.68%.
Take-Home Ice Cream is the best-performing category with a market share exceeding 90%
Take-Home Ice Cream growth is expected at a CAGR of 0.95% during the forecast period.
The top 5 companies having a combined market share of around 85% are Unilever Singapore Pte Ltd., General Mills Asia Pte Ltd., F&N Foods (S) Pte Ltd., Nestlé Singapore Pte Ltd., and The Ice Cream & Cookie Co.
Chocolate-flavored ice creams held a market share of around 35%
Retail Offline channel is the dominant segment under the sales channel, holds market share of around 96.5%.

Market Insights & Analysis: Singapore Ice Cream Market (2025-2030):

The Singapore Ice Cream Market is anticipated to grow at a CAGR of around 1.68% during 2025-2030. The Ice Cream Market size in Singapore was valued at around USD 150 million in 2024 and is anticipated to exceed USD 163 million by 2030. Hot and humid climatic conditions, high tourist footfall, and diversified multicultural population mix of the country are the key factors driving the sales of ice creams in Singapore.

Around 96% of ice creams are being sold via Grocery Retailers under the Retail Offline channel in 2024. This is being driven by a perennially hot & humid climate, fueling year-round ice cream demand in the Singapore Ice Cream market.

Take-home ice cream has a market share of more than 90%, being the dominant segment under the category. Chocolate holds the top rank among all other ice cream flavors as of 2024 and has been consistent in this rank throughout the past 5-6 years.

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 Challenge:

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.

Singapore Ice Cream Market Opportunity:

Surging Brand Alliances to Captivate Younger Demographics - The growing adoption of brands to collaborate and make innovative marketing campaigns. By collaborating/partnering with other global characters such as Marvel’s Spider-Man or Hello Kitty, brands can effectively capture the attention of children and young families. For instance, Wall’s Paddle Pop introduced a Spider-Man themed ice cream in 2024, etc. receiving notable end-user traction. Such kinds of collaborations not only do brand promotions but also connect with the older end user via emotional and nostalgic connections.

Singapore Ice Cream Market (2025-30): Segmentation Analysis

Singapore Ice Cream Market study of MarkNtel Advisors evaluates & highlights the major trends and influencing factors in each segment. It includes predictions for the period 2025-2030 at the country level. Based on the analysis, the market has been further classified as:

Based on Category:

Frozen Yoghurt
Impulse Ice Cream
Plant-based Ice Cream
Take-Home Ice Cream

Take-Home Ice Cream is the leading item under the Category segment with a market share of more than 90%. The demand is driven by the end users’ preference for value-driven indulgence due to inflation and rising living costs. Since the unit price of the ingredients such as sugar, milk, cocoa climb etc., are increasing. Therefore, to overcome the situation, the end users are gravitating towards buying dairy options in bulk to get better value per serving.

Moreover, the ‘buying well but buying less’ trend has fueled the demand for the Take-Home ice cream format. It allows the end users to manage the budget effectively and at the same time enjoy the premium treats at home. Additionally, unlike the impulse ice cream, which is facing a decline in volume terms due to reduced foot traffic and increased foodservice competition. The take-home ice cream format provides affordable and long-lasting satisfaction, making it a go-to choice for the end users for comfort during challenging economic conditions.

Competitive Market Strategies

The major players in the market, including 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., and Others are enhancing their market positions through strategic initiatives such as mergers, collaborations, and acquisitions.

Singapore Ice Cream Market Recent Development:

October 2024: Unilever launches Magnum Bon Bons, its first bite-sized ice cream range, catering to Gen Z's growing snacking trend with 12-piece tubs in popular flavors like White Chocolate & Cookies, Gold Caramel Billionaire, and Salted Caramel & Almond.

Gain a Competitive Edge with Our Singapore Ice Cream Market Report.

Singapore Ice Cream Market Report by MarkNtel Advisors provides a detailed & thorough analysis of market size & share, growth rate, competitive landscape, and key players. This comprehensive analysis helps businesses gain a holistic understanding of the market dynamics & make informed decisions.
This report also highlights current market trends & future projections, allowing businesses to identify emerging opportunities & potential challenges. By understanding market forecasts, companies can align their strategies & stay ahead of the competition.
Singapore Ice Cream Market Report aids in assessing & mitigating risks associated with entering or operating in the market. By understanding market dynamics, regulatory frameworks, and potential challenges, businesses can develop strategies to minimize risks & optimize their operations.

*Reports Delivery Format - Market research studies from MarkNtel Advisors are offered in PDF, Excel and PowerPoint formats. Within 24 hours of the payment being successfully received, the report will be sent to your email address.

Frequently Asked Questions

A. Singapore's Ice Cream Market is expected to grow at a compound annual growth rate (CAGR) of around 1.68% over the forecast period.

A. The Singapore Ice Cream size was valued at around USD 150 million in 2024 and is anticipated to exceed USD 163 million by 2030.

A. A perennially hot & humid climate is expected to drive the ice cream market in Singapore.

A. 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., and Others are the top companies operating in the Ice Cream market of Singapore.

A. The Take-Home Ice Cream segment grabbed the highest market share in terms of value in Singapore in 2024.

A. Surging brand alliances to captivate younger demographics are emerging as an opportunity area for the Singapore Ice Cream Market.

A. Rising prediabetes is one of the possible restraints affecting the growth of the Singapore Ice Cream Market.

Market Segmentation
Introduction
1. Product Definition
2. Research Process
3. Assumptions
Executive Summary
Singapore Ice Cream Market Policies, Regulations, and Product Standards
Singapore Ice Cream Market Supply Chain Analysis
Singapore Ice Cream Market Pricing Analysis
Singapore Ice Cream Market Trends & Developments
Singapore Ice Cream Market Dynamics
1. Growth Drivers
2. Challenges
Singapore Ice Cream Market Hotspot & Opportunities
Singapore Ice Cream Market Outlook, 2020-2030
1. Market Size & Outlook
  1. By Revenues (USD Million)
  2. By Volume (Million Liters)
2. Market Share & Outlook
  1. By Category
    1. Frozen Yoghurt- Market Size & Forecast 2020-2030, USD Million & Million Liters
    2. Impulse Ice Cream- Market Size & Forecast 2020-2030, USD Million & Million Liters
      1. Single Portion Dairy Ice Cream- Market Size & Forecast 2020-2030, USD Million & Million Liters
      2. Single Portion Water Ice Cream- Market Size & Forecast 2020-2030, USD Million & Million Liters
    3. Plant-Based Ice Cream- Market Size & Forecast 2020-2030, USD Million & Million Liters
    4. Take-Home Ice Cream- Market Size & Forecast 2020-2030, USD Million & Million Liters
      1. Take-Home Dairy Ice Cream- Market Size & Forecast 2020-2030, USD Million & Million Liters
        
        Bulk Dairy Ice Cream- Market Size & Forecast 2020-2030, USD Million & Million Liters
        
        Multi-Pack Dairy Ice Cream- Market Size & Forecast 2020-2030, USD Million & Million Liters
      2. Take-Home Water Ice Cream- Market Size & Forecast 2020-2030, USD Million & Million Liters
        
        Bulk Water Ice Cream- Market Size & Forecast 2020-2030, USD Million & Million Liters
        
        Multi-Pack Water Ice Cream- Market Size & Forecast 2020-2030, USD Million & Million Liters
  2. By Leading Flavors
    1. Chocolate- Market Size & Forecast 2020-2030, USD Million & Million Liters
    2. Vanilla- Market Size & Forecast 2020-2030, USD Million & Million Liters
    3. Strawberry- Market Size & Forecast 2020-2030, USD Million & Million Liters
    4. Cookies & Cream- Market Size & Forecast 2020-2030, USD Million & Million Liters
    5. Caramel- Market Size & Forecast 2020-2030, USD Million & Million Liters
    6. Mango- Market Size & Forecast 2020-2030, USD Million & Million Liters
    7. Pralines & Cream- Market Size & Forecast 2020-2030, USD Million & Million Liters
    8. Kulfi- Market Size & Forecast 2020-2030, USD Million & Million Liters
  3. By Format
    1. Cup- Market Size & Forecast 2020-2030, USD Million & Million Liters
    2. Stick- Market Size & Forecast 2020-2030, USD Million & Million Liters
    3. Cone- Market Size & Forecast 2020-2030, USD Million & Million Liters
    4. Brick- Market Size & Forecast 2020-2030, USD Million & Million Liters
    5. Others (Sandwich, Tub, etc.)- Market Size & Forecast 2020-2030, USD Million & Million Liters
  4. By Sales Channel
    1. Retail Offline- Market Size & Forecast 2020-2030, USD Million & Million Liters
      1. Grocery Retailers- Market Size & Forecast 2020-2030, USD Million & Million Liters
        
        Convenience Retailers- Market Size & Forecast 2020-2030, USD Million & Million Liters
        
        Convenience Stores- Market Size & Forecast 2020-2030, USD Million & Million Liters
        
        Forecourt Retailers- Market Size & Forecast 2020-2030, USD Million & Million Liters
        
        Supermarkets- Market Size & Forecast 2020-2030, USD Million & Million Liters
        
        Hypermarkets- Market Size & Forecast 2020-2030, USD Million & Million Liters
        
        Food & Drink Specialists- Market Size & Forecast 2020-2030, USD Million & Million Liters
        
        Small Local Grocers- Market Size & Forecast 2020-2030, USD Million & Million Liters
    2. Retail E-Commerce- Market Size & Forecast 2020-2030, USD Million & Million Liters
  5. By Company
    1. Company Revenue Shares
    2. Competitor Characteristics
Singapore Frozen Yoghurt Ice Cream Market Outlook, 2020-2030
1. Market Size & Outlook
  1. By Revenues (USD Million)
  2. By Volume (Million Liters)
2. Market Share & Outlook
  1. By Leading Flavors- Market Size & Forecast 2020-2030, USD Million & Million Liters
  2. By Format- Market Size & Forecast 2020-2030, USD Million & Million Liters
  3. By Sales Channel- Market Size & Forecast 2020-2030, USD Million & Million Liters
  4. By Region- Market Size & Forecast 2020-2030, USD Million & Million Liters
Singapore Impulse Ice Cream Market Outlook, 2020-2030
1. Market Size & Outlook
  1. By Revenues (USD Million)
  2. By Volume (Million Liters)
2. Market Share & Outlook
  1. By Leading Flavors- Market Size & Forecast 2020-2030, USD Million & Million Liters
  2. By Format- Market Size & Forecast 2020-2030, USD Million & Million Liters
  3. By Sales Channel- Market Size & Forecast 2020-2030, USD Million & Million Liters
  4. By Region- Market Size & Forecast 2020-2030, USD Million & Million Liters
Singapore Plant-Based Ice Cream Market Outlook, 2020-2030
1. Market Size & Outlook
  1. By Revenues (USD Million)
  2. By Volume (Million Liters)
2. Market Share & Outlook
  1. By Leading Flavors- Market Size & Forecast 2020-2030, USD Million & Million Liters
  2. By Format- Market Size & Forecast 2020-2030, USD Million & Million Liters
  3. By Sales Channel- Market Size & Forecast 2020-2030, USD Million & Million Liters
  4. By Region- Market Size & Forecast 2020-2030, USD Million & Million Liters
Singapore Take-Home Ice Cream Market Outlook, 2020-2030
1. Market Size & Outlook
  1. By Revenues (USD Million)
  2. By Volume (Million Liters)
2. Market Share & Outlook
  1. By Leading Flavors- Market Size & Forecast 2020-2030, USD Million & Million Liters
  2. By Format- Market Size & Forecast 2020-2030, USD Million & Million Liters
  3. By Sales Channel- Market Size & Forecast 2020-2030, USD Million & Million Liters
  4. By Region- Market Size & Forecast 2020-2030, USD Million & Million Liters
Singapore Ice Cream Market Key Strategic Imperatives for Success & Growth
Competition Outlook
1. Company Profiles
  1. Unilever Singapore Pte Ltd.
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  2. General Mills Asia Pte Ltd.
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  3. F&N Foods (S) Pte Ltd.
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  4. Nestlé Singapore Pte Ltd.
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  5. The Ice Cream & Cookie Co.
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  6. Regal Cream Products Pty Ltd.
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  7. NTUC FairPrice Co-operative Pte Ltd.
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  8. Binggrae Co Ltd.
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  9. Dreyer's Grand Ice Cream Holdings Inc.
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  10. Kind Kones Global Pte Ltd.
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  11. Others
Disclaimer

MarkNtel Advisors follows a robust and iterative research methodology designed to ensure maximum accuracy and minimize deviation in market estimates and forecasts. Our approach combines both bottom-up and top-down techniques to effectively segment and quantify various aspects of the market. A consistent feature across all our research reports is data triangulation, which examines the market from three distinct perspectives to validate findings. Key components of our research process include:

1. Scope & Research Design At the outset, MarkNtel Advisors define the research objectives and formulate pertinent questions. This phase involves determining the type of research—qualitative or quantitative—and designing a methodology that outlines data collection methods, target demographics, and analytical tools. They also establish timelines and budgets to ensure the research aligns with client goals.

2. Sample Selection and Data Collection In this stage, the firm identifies the target audience and determines the appropriate sample size to ensure representativeness. They employ various sampling methods, such as random or stratified sampling, based on the research objectives. Data collection is carried out using tools like surveys, interviews, and observations, ensuring the gathered data is reliable and relevant.

3. Data Analysis and Validation Once data is collected, MarkNtel Advisors undertake a rigorous analysis process. This includes cleaning the data to remove inconsistencies, employing statistical software for quantitative analysis, and thematic analysis for qualitative data. Validation steps are taken to ensure the accuracy and reliability of the findings, minimizing biases and errors.

4. Data Forecast and FinalizationThe final phase involves forecasting future market trends based on the analyzed data. MarkNtel Advisors utilize predictive modeling and time series analysis to anticipate market behaviors. The insights are then compiled into comprehensive reports, featuring visual aids like charts and graphs, and include strategic recommendations to inform client decision-making

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