Economically-sensitive times are likely to result in Singaporeans prioritising affordability over sustainability, and hence per capita consumption is expected to dip over the forecast period compared to the review period. Plant-based dairy has yet to mature so while there is potential for further growth, rising inflation and the cost of living also means that while consumers are still building the habit of purchasing plant-based dairy, they can also drop the practice if they start to struggle financially.
Beyond replicating taste and offering similar consistency and texture, such as plant-based yoghurt being available in Greek-style variants, plant-based dairy is increasingly seeing claims of comparable nutritional content such as fibre and protein in lower-calorie servings. For example, BamNut Milk (WhatIF Foods), made with Bambara groundnuts, claims to offer higher protein (2.
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Understand the latest market trends and future growth opportunities for the Plant-based Dairy industry in Singapore with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
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This is the aggregation of plant-based milk, plant-based yoghurt and plant-based cheese. Please note that plant-based dairy products that are not milk, yoghurt or cheese are tracked under their core dairy categories (e.g. powder milk, margarine and spreads, coffee whiteners etc.)See All of Our Definitions
This report originates from Passport, our Plant-based Dairy research and analysis database.
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