Top Growth Opportunities: Wine in Singapore

Top Growth Opportunities: Wine in Singapore

Summary

Top Growth Opportunities for Wine in Singapore provides recommended actions and detailed analysis of how to target the best growth opportunities for Wine producers and retailers. Readers can understand what categories, channels, companies, and consumers will drive the success of Wine markets in Singapore through GlobalData’s detailed and robust data, expert insight, and case studies.

This report provides an overview of the Wine market, analyzing market data, demographic consumption patterns within the category, and the key consumer trends driving consumption. GlobalData’s proprietary Risk vs Reward Opportunity model pinpoints the best growth opportunities for Wine producers, suppliers and retailers by combining robust, granular data and expert insight. The report uses this framework to identify the best opportunities, analyze white spaces in the market, and outline new product development that will effectively target the most pertinent consumer need states. These are combined to offer strategic recommendations to capitalize on evolving consumer landscapes.

GlobalData’s Top Growth Opportunity reports use a risk versus reward opportunity model to identify the best growth markets for Wine producers. Through this in-depth study of market and category dynamics, readers are able to identify key opportunities, and what they need to do in order to target them.

Get access to -

- Key consumer demographic groups driving consumption within the Singapore market. Improve your consumer targeting by understanding who’s driving the market, what they want, and why
- A study of market value and volumes over 2013-2018 for Singapore, supplemented with category, brand and packaging analysis that shows the current state of the market, and how it will evolve over the 2018-2023 period
- White space analysis, to pinpoint attractive spaces in the market and the key actions to take
- Insight into the implications behind the data, and analysis of how the consumer needs will evolve in the short-to-medium term future
- Examples of international and regional product innovation targeting key consumer needs

Scope

- Amongst the top ten high potential countries, Singapore Wine sector ranked second on the GlobalData Opportunity Score and was valued at US$1,266.5 million in 2018, making it a key market for wine manufacturers to target
- The Singapore Wine market is strong, registering 5.7% CAGR for 2013-2018 and is predicted to increase to 7% by 2023
- Singapore’s wine sector ranks third amongst the world’s top ten wine markets in US dollar terms in 2018

Reasons to buy

- This report brings together consumer analysis and market data to provide actionable insight into the behavior of Singapore's Wine consumers.
- This is based on GlobalData's unique consumer data, developed from extensive consumption surveys and consumer group tracking, which quantifies the influence of 20 consumption motivations in the Wine sector.
- Category, brand, and packaging dynamics are also examined. This allows product and marketing strategies to be better aligned with the leading trends in the market.