Singapore Ice Cream Market Report: Trends, Growth and Forecast (2025-2030)
By Category (Frozen Yoghurt, Impulse Ice Cream, Plant-based Ice Cream, Take-Home Ice Cream), By Leading Flavours (Chocolate, Vanilla, Strawberry, Cookies & Cream, Caramel, Mango, Pralines & Cream, Kulfi), By Format (Cup, Stick, Cone, Brick), By Sales Channel (Retail Offline, Retail E-Commerce)
- Food & Beverage
- Sep 2025
- VI0005
- 124
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Singapore Ice Cream Market Statistics and Insights, 2025
- Market Size Statistics
- Ice Cream in Singapore is estimated at $ 150 Million.
- The market size is expected to grow to $ 160 Million by 2030.
- Market to register a CAGR of around 1.08% during 2025-30.
- Product Shares Shares
- Take Home Ice Cream grabbed market share of 65%.
- Take Home Ice Cream to witness a volume CAGR of around 0.75%.
- Competition
- More than 10 companies are actively engaged in producing Ice Cream in Singapore.
- Top 5 companies acquired 80% of the market share.
- Regal Cream Products Pty Ltd, NTUC FairPrice Co-operative Pte Ltd, Binggrae Co Ltd, Unilever Singapore Pte Ltd, General Mills Asia Pte Ltd etc., are few of the top companies.
- Sales Channel
- Retail Offline grabbed 90% of the market.
Singapore Ice Cream Market Outlook
Singapore ice cream market in 2025 is recording modest retail volume growth, mainly hampered by surging unit prices fueled by rising raw material and transport prices. These inflationary trends combined with elevated cost-of-living issues have seen consumers become increasingly frugal in their spending habits, with the impulse purchase being significantly curbed. Impulse ice cream, therefore, is anticipated to record a modest drop in volume sales.
In spite of these volume issues, retail value growth is still robust on the back of premiumisation and the increasing popularity of indulgent and innovative treats. Limited-edition product launches and taste innovation from brands such as Magnum, Nestlé, and Cornetto are major drivers of value growth, particularly in adults. Take-home and bulk-packaged ice cream also are experiencing modest volumes gains, as consumers look for value-for-money treats at home.
Plant-based ice cream, while still under 5% of total volume and niche, is expanding quickly. New products such as Oatside's oat milk ice cream are growing the segment and enhancing availability through mass channels. Furthermore, the mini ice cream trend enables healthy snacking through portion control, appealing to health-aware consumers without sacrificing indulgence.
Demographic transition, specifically declining child population and aging consumers, is leading brands to redefine their strategies. Pop culture icons partnerships and character-based launches remain appealing to young consumers, while adult consumers are being targeted with premium product offerings. In the future, the market will shift to value growth rather than volume, with operators targeting flavor innovation, healthier indulgence packs, and brand partnerships to maintain profitability and consumer interest.
Singapore Ice Cream Market Challenge
Because of rising health issues in Singapore, especially the rising cases of prediabetes. As per research by National University of Singapore in 2024, nearly 40% of all the screening participants are developing prediabetes. Participants were notably older in age and have higher BMI than those who did not have diabetes. The trend is pointing to an emerging segment of end users with health conscience who are increasingly taking care of their dietary intake particularly about the sugar and calorie level. The conventional Ice creams have high sugar and fat levels. Dietary restriction is the biggest challenge for the end users who are at risk of or have diabetes.
Singapore Ice Cream Market Trend
A significant shift is gaining momentum in the market is due to the end consumers who are growing more health conscious. It is generating an increasing demand towards healthy alternatives such as low-calorie or low-sugar variants, the category is underdeveloped in Singapore. Rather, portion control is being embraced by the country's end consumers. It became a trendy tactic by balancing emergence with careful eating. Mini ice cream cones packaging makes it easier for the end customers to have the favorite ice cream in moderation. Furthermore, this trend also finds its match in the health and wellness trend in the snacking industry too. It encourages brands to introduce more of such offerings like mini sticks, cups etc., in order to keep the indulgence intact with improved calorie control. For example, Magnum has launched popular mini sizes of some of its best selling flavors such as Double Starchaser and Euphoria Pink Lemonade, each with a size of only 55ml which is relatively small in comparison to standard 110 ml sticks. The movement towards the ''snackification'' will be expected to contribute and propel sales of multi pack, portion controlled ice cream throughout the forecast period.
Singapore Ice Cream Market Opportunity
The increased use of brands to partner amongst themselves and create unique marketing promotions. Through partnering/collaborating with other world characters like Hello Kitty or Spider-Man from Marvel, brands are able to gain effective traction of the children and young families. For example, Wall's Paddle Pop brought out a Spider-Man branded ice cream in 2024 etc. which gained significant end user pull. Such types of partnerships do brand endorsements not only but also reach the older end user through emotional and nostalgic relationships.
| Report Coverage | Details |
|---|---|
| Market Forecast | 2025-30 |
| USD Value 2024 | $ 150 Million |
| USD Value 2030 | $ 160 Million |
| CAGR 2025-2030 | 1.08% |
| Largest Category | Take Home Ice Cream segment leads with 65% market share |
| Top Challenges | Growing Health Concerns and Dietary Restrictions Among Consumers |
| Top Trends | Rising Popularity of Portion-Controlled Indulgence and Mini Pack Offerings |
| Top Opportunities | Collaborative Marketing and Co-Branding with Popular Characters to Attract Families |
| Key Players | Regal Cream Products Pty Ltd, NTUC FairPrice Co-operative Pte Ltd, Binggrae Co Ltd, Unilever Singapore Pte Ltd, General Mills Asia Pte Ltd, F&N Foods (S) Pte Ltd, Nestlé Singapore Pte Ltd, Ice Cream & Cookie Co, The, Dreyer's Grand Ice Cream Holdings Inc, Kind Kones Global Pte Ltd and Others. |
Singapore Ice Cream Market Segmentation Analysis
The leading segment under the category type with the market share of around 65% is Take Home Ice Cream. The demand is attributed by the end users penchant for value driven indulgence on account of inflation and increasing cost of living. As unit price of the ingredients like sugar, milk, cocoa rise etc. Hence, to combat the situation the end users are inclined towards purchasing dairy items in bulk to achieve improved value per serving.
Further, the 'buying well but buying less' phenomenon has driven Take-Home ice creams format demand. It enables the ultimate users to control the budget well and simultaneously indulge in premium delights at home. Further, as compared to impulse ice cream that is experiencing decline in volume terms because of declining foot traffic and rising foodservice competition. The take home ice cream package is an economical and durable satisfaction, which has been a turn to option for the ultimate users for comfort in hard economic times.
Top Companies in Singapore Ice Cream Market
The top companies operating in the market include Regal Cream Products Pty Ltd, NTUC FairPrice Co-operative Pte Ltd, Binggrae Co Ltd, Unilever Singapore Pte Ltd, General Mills Asia Pte Ltd, F&N Foods (S) Pte Ltd, Nestlé Singapore Pte Ltd, Ice Cream & Cookie Co, The, Dreyer's Grand Ice Cream Holdings Inc, Kind Kones Global Pte Ltd, etc., are the top players operating in the Singapore Ice Cream Market.
Frequently Asked Questions
Related Report
1. Market Segmentation
1.1. Research Scope
1.2. Research Methodology
1.3. Definitions and Assumptions
2. Executive Summary
3. Singapore Ice Cream Market Policies, Regulations, and Standards
4. Singapore Ice Cream Market Dynamics
4.1. Growth Factors
4.2. Challenges
4.3. Trends
4.4. Opportunities
5. Singapore Ice Cream Market Statistics, 2020-2030F
5.1. Market Size & Growth Outlook
5.1.1.By Revenues in US$ Million
5.1.2.By Volume in Million Litres
5.2. Market Segmentation & Growth Outlook
5.2.1.By Category
5.2.1.1. Frozen Yoghurt- Market Insights and Forecast, 2020-2030, USD Million
5.2.1.2. Impulse Ice Cream- Market Insights and Forecast, 2020-2030, USD Million
5.2.1.2.1. Single Portion Dairy Ice Cream- Market Insights and Forecast, 2020-2030, USD Million
5.2.1.2.2. Single Portion Water Ice Cream- Market Insights and Forecast, 2020-2030, USD Million
5.2.1.3. Plant-based Ice Cream- Market Insights and Forecast, 2020-2030, USD Million
5.2.1.4. Take-Home Ice Cream- Market Insights and Forecast, 2020-2030, USD Million
5.2.1.4.1. Take-Home Dairy Ice Cream- Market Insights and Forecast, 2020-2030, USD Million
5.2.1.4.1.1. Bulk Dairy Ice Cream- Market Insights and Forecast, 2020-2030, USD Million
5.2.1.4.1.2. Multi-Pack Dairy Ice Cream- Market Insights and Forecast, 2020-2030, USD Million
5.2.1.4.2. Take-Home Water Ice Cream- Market Insights and Forecast, 2020-2030, USD Million
5.2.1.4.2.1. Bulk Water Ice Cream- Market Insights and Forecast, 2020-2030, USD Million
5.2.1.4.2.2. Multi-Pack Water Ice Cream- Market Insights and Forecast, 2020-2030, USD Million
5.2.2.By Leading Flavours
5.2.2.1. Chocolate- Market Insights and Forecast, 2020-2030, USD Million
5.2.2.2. Vanilla- Market Insights and Forecast, 2020-2030, USD Million
5.2.2.3. Strawberry- Market Insights and Forecast, 2020-2030, USD Million
5.2.2.4. Cookies & Cream- Market Insights and Forecast, 2020-2030, USD Million
5.2.2.5. Caramel- Market Insights and Forecast, 2020-2030, USD Million
5.2.2.6. Mango- Market Insights and Forecast, 2020-2030, USD Million
5.2.2.7. Pralines & Cream- Market Insights and Forecast, 2020-2030, USD Million
5.2.2.8. Kulfi- Market Insights and Forecast, 2020-2030, USD Million
5.2.3.By Format
5.2.3.1. Cup- Market Insights and Forecast, 2020-2030, USD Million
5.2.3.2. Stick- Market Insights and Forecast, 2020-2030, USD Million
5.2.3.3. Cone- Market Insights and Forecast, 2020-2030, USD Million
5.2.3.4. Brick- Market Insights and Forecast, 2020-2030, USD Million
5.2.3.5. Others (Sandwich, Tub, etc.)- Market Insights and Forecast, 2020-2030, USD Million
5.2.4.By Sales Channel
5.2.4.1. Retail Offline- Market Insights and Forecast, 2020-2030, USD Million
5.2.4.1.1. Grocery Retailers- Market Insights and Forecast, 2020-2030, USD Million
5.2.4.1.1.1. Convenience Retailers- Market Insights and Forecast, 2020-2030, USD Million
5.2.4.1.1.1.1. Convenience Stores- Market Insights and Forecast, 2020-2030, USD Million
5.2.4.1.1.1.2. Forecourt Retailers- Market Insights and Forecast, 2020-2030, USD Million
5.2.4.1.1.2. Supermarkets- Market Insights and Forecast, 2020-2030, USD Million
5.2.4.1.1.3. Hypermarkets- Market Insights and Forecast, 2020-2030, USD Million
5.2.4.1.1.4. Food & Drink Specialists- Market Insights and Forecast, 2020-2030, USD Million
5.2.4.1.1.5. Small Local Grocers- Market Insights and Forecast, 2020-2030, USD Million
5.2.4.2. Retail E-Commerce- Market Insights and Forecast, 2020-2030, USD Million
5.2.5.By Competitors
5.2.5.1. Competition Characteristics
5.2.5.2. Market Share & Analysis
6. Singapore Frozen Yoghurt Ice Cream Market Statistics, 2020-2030F
6.1. Market Size & Growth Outlook
6.1.1.By Revenues in US$ Million
6.1.2.By Volume in Million Litres
6.2. Market Segmentation & Growth Outlook
6.2.1.By Leading Flavours- Market Insights and Forecast, 2020-2030, USD Million
6.2.2.By Format- Market Insights and Forecast, 2020-2030, USD Million
6.2.3.By Sales Channel- Market Insights and Forecast, 2020-2030, USD Million
7. Singapore Impulse Ice Cream Market Statistics, 2020-2030F
7.1. Market Size & Growth Outlook
7.1.1.By Revenues in US$ Million
7.1.2.By Volume in Million Litres
7.2. Market Segmentation & Growth Outlook
7.2.1.By Leading Flavours- Market Insights and Forecast, 2020-2030, USD Million
7.2.2.By Format- Market Insights and Forecast, 2020-2030, USD Million
7.2.3.By Sales Channel- Market Insights and Forecast, 2020-2030, USD Million
8. Singapore Plant-based Ice Cream Market Statistics, 2020-2030F
8.1. Market Size & Growth Outlook
8.1.1.By Revenues in US$ Million
8.1.2.By Volume in Million Litres
8.2. Market Segmentation & Growth Outlook
8.2.1.By Leading Flavours- Market Insights and Forecast, 2020-2030, USD Million
8.2.2.By Format- Market Insights and Forecast, 2020-2030, USD Million
8.2.3.By Sales Channel- Market Insights and Forecast, 2020-2030, USD Million
9. Singapore Take-Home Ice Cream Market Statistics, 2020-2030F
9.1. Market Size & Growth Outlook
9.1.1.By Revenues in US$ Million
9.1.2.By Volume in Million Litres
9.2. Market Segmentation & Growth Outlook
9.2.1.By Leading Flavours- Market Insights and Forecast, 2020-2030, USD Million
9.2.2.By Format- Market Insights and Forecast, 2020-2030, USD Million
9.2.3.By Sales Channel- Market Insights and Forecast, 2020-2030, USD Million
10. Competitive Outlook
10.1. Company Profiles
10.1.1. Unilever Singapore Pte Ltd
10.1.1.1. Business Description
10.1.1.2. Product Portfolio
10.1.1.3. Collaborations & Alliances
10.1.1.4. Recent Developments
10.1.1.5. Financial Details
10.1.1.6. Others
10.1.2. General Mills Asia Pte Ltd
10.1.2.1. Business Description
10.1.2.2. Product Portfolio
10.1.2.3. Collaborations & Alliances
10.1.2.4. Recent Developments
10.1.2.5. Financial Details
10.1.2.6. Others
10.1.3. F&N Foods (S) Pte Ltd
10.1.3.1. Business Description
10.1.3.2. Product Portfolio
10.1.3.3. Collaborations & Alliances
10.1.3.4. Recent Developments
10.1.3.5. Financial Details
10.1.3.6. Others
10.1.4. Nestlé Singapore Pte Ltd
10.1.4.1. Business Description
10.1.4.2. Product Portfolio
10.1.4.3. Collaborations & Alliances
10.1.4.4. Recent Developments
10.1.4.5. Financial Details
10.1.4.6. Others
10.1.5. Ice Cream & Cookie Co, The
10.1.5.1. Business Description
10.1.5.2. Product Portfolio
10.1.5.3. Collaborations & Alliances
10.1.5.4. Recent Developments
10.1.5.5. Financial Details
10.1.5.6. Others
10.1.6. Regal Cream Products Pty Ltd
10.1.6.1. Business Description
10.1.6.2. Product Portfolio
10.1.6.3. Collaborations & Alliances
10.1.6.4. Recent Developments
10.1.6.5. Financial Details
10.1.6.6. Others
10.1.7. NTUC FairPrice Co- operative Pte Ltd
10.1.7.1. Business Description
10.1.7.2. Product Portfolio
10.1.7.3. Collaborations & Alliances
10.1.7.4. Recent Developments
10.1.7.5. Financial Details
10.1.7.6. Others
10.1.8. Binggrae Co Ltd
10.1.8.1. Business Description
10.1.8.2. Product Portfolio
10.1.8.3. Collaborations & Alliances
10.1.8.4. Recent Developments
10.1.8.5. Financial Details
10.1.8.6. Others
10.1.9. Dreyer's Grand Ice Cream Holdings Inc
10.1.9.1. Business Description
10.1.9.2. Product Portfolio
10.1.9.3. Collaborations & Alliances
10.1.9.4. Recent Developments
10.1.9.5. Financial Details
10.1.9.6. Others
10.1.10. Kind Kones Global Pte Ltd
10.1.10.1.Business Description
10.1.10.2.Product Portfolio
10.1.10.3.Collaborations & Alliances
10.1.10.4.Recent Developments
10.1.10.5.Financial Details
10.1.10.6.Others
11. Disclaimer
| Segment | Sub-Segment |
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| By Category |
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| By Leading Flavours |
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| By Format |
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| By Sales Channel |
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Research Methodology
This study followed a structured approach comprising four key phases to assess the size and scope of the electro-oxidation market. The process began with thorough secondary research to collect data on the target market, related markets, and broader industry context. These findings, along with preliminary assumptions and estimates, were then validated through extensive primary research involving industry experts from across the value chain. To calculate the overall market size, both top-down and bottom-up methodologies were employed. Finally, market segmentation and data triangulation techniques were applied to refine and validate segment-level estimations.
Secondary Research
The secondary research phase involved gathering data from a wide range of credible and published sources. This step helped in identifying industry trends, defining market segmentation, and understanding the market landscape and value chain.
Sources consulted during this phase included:
- Company annual reports, investor presentations, and press releases
- Industry white papers and certified publications
- Trade directories and market-recognized databases
- Articles from authoritative authors and reputable journals
- Gold and silver standard websites
Secondary research was critical in mapping out the industry's value chain and monetary flow, identifying key market segments, understanding regional variations, and tracking significant industry developments.
Other key sources:
- Financial disclosures
- Industry associations and trade bodies
- News outlets and business magazines
- Academic journals and research studies
- Paid industry databases
Primary Research
To validate secondary data and gain deeper market insights, primary research was conducted with key stakeholders across both the supply and demand sides of the market.
On the demand side, participants included decision-makers and influencers from end-user industries—such as CIOs, CTOs, and CSOs—who provided first-hand perspectives on market needs, product usage, and future expectations.
On the supply side, interviews were conducted with manufacturers, industry associations, and institutional participants to gather insights into current offerings, product pipelines, and market challenges.
Primary interviews provided critical inputs such as:
- Market size and revenue data
- Product and service breakdowns
- Market forecasts
- Regional and application-specific trends
Stakeholders consulted included:
- Leading OEM and solution providers
- Channel and distribution partners
- End users across various applications
- Independent consultants and industry specialists
Market Size Estimation and Data Triangulation
- Identifying Key Market Participants (Secondary Research)
- Goal: To identify the major players or companies in the target market. This typically involves using publicly available data sources such as industry reports, market research publications, and financial statements of companies.
- Tools: Reports from firms like Gartner, Forrester, Euromonitor, Statista, IBISWorld, and others. Public financial statements, news articles, and press releases from top market players.
- Extracting Earnings of Key Market Participants
- Goal: To estimate the earnings generated from the product or service being analyzed. This step helps in understanding the revenue potential of each market player in a specific geography.
- Methods: Earnings data can be gathered from:
- Publicly available financial reports (for listed companies).
- Interviews and primary data sources from professionals, such as Directors, VPs, SVPs, etc. This is especially useful for understanding more nuanced, internal data that isn't publicly disclosed.
- Annual reports and investor presentations of key players.
- Data Collation and Development of a Relevant Data Model
- Goal: To collate inputs from both primary and secondary sources into a structured, data-driven model for market estimation. This model will incorporate key market KPIs and any independent variables relevant to the market.
- Key KPIs: These could include:
- Market size, growth rate, and demand drivers.
- Industry-specific metrics like market share, average revenue per customer (ARPC), or average deal size.
- External variables, such as economic growth rates, inflation rates, or commodity prices, that could affect the market.
- Data Modeling: Based on this data, the market forecasts are developed for the next 5 years. A combination of trend analysis, scenario modeling, and statistical regression might be used to generate projections.
- Scenario Analysis
- Goal: To test different assumptions and validate how sensitive the market is to changes in key variables (e.g., market demand, regulatory changes, technological disruptions).
- Types of Scenarios:
- Base Case: Based on current assumptions and historical data.
- Best-Case Scenario: Assuming favorable market conditions, regulatory environments, and technological advancements.
- Worst-Case Scenario: Accounting for adverse factors, such as economic downturns, stricter regulations, or unexpected disruptions.
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