Singapore’s Beauty Drinks Industry Growth | Opportunities and Upcoming Projects |
Market Entry - Beauty Drinks Industry in Singapore: Analysis of Growth, Trends and Progress (2017 - 2022)

PUBLISHED

DEC 2017

Market Entry - Beauty Drinks Industry in Singapore: Analysis of Growth, Trends and Progress (2017 - 2022)

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About the Market

Increasing air pollution and busy lifestyle, leading to early aging; and the rising awareness among health-conscious consumers across various countries are triggering the beauty drinks market. The consumers can be categorized into three groups’ viz., teenager, younger women and mature women. Beauty drinks are rich in collagen or protein, vitamins, minerals and fruit extracts. Collagen being the most significant has a lot of market potential and can be used as a multifunctional ingredient for various beverage categories like anti-aging, sports, beauty and health. The latest drinks are formulated with collagen, hyaluronic acid, Q10, and antioxidants. Europe, North America, and Asia-Pacific are the fastest emerging markets. SIPA Spa, The Coca-Cola Company, Sappe Public Company Limited, Big Quark LLC are some key players in the market.

About the Geography

Singapore is a small, but wealthy nation with an open and trade-driven economy.  It is ranked number one by the World Bank to start and run a business.

Singapore continued to develop since 2010 due to its exports. However, growth in 2014-15 was slower owing to sluggish global economy and Singapore’s weak manufacturing sector. The government is attempting to restructure the economy by reducing dependence on foreign labor and increasing productivity in certain sectors. To boost FDI, the country offers tax concessions, easier loan, and foreign firm’s majority stake in a local company. The liberal laws of the country also make it possible for foreign nations to buy real estate. The government gives preference to investments in manufacturing and services activities as a part of a strategy to replace labor-intensive activities that have migrated offshore to countries like China.

The main challenges of doing business in Singapore are high excise taxes on some products, monopolies in certain sectors, and being an expensive place to do business in. However, it is the leading global business hub, which tells us about the strengths of Singapore’s market. It has Asia’s strongest Intellectual Property (IP) Protection along with low corruption and strong rule of law making it the most popular choice for investors in Asia.

 

Component Name

Unit

From Site

GDP

USD billion

293

GDP Annual Growth Rate

%

0.6

GDP Per Capita

USD

51855

Unemployment Rate

%

2.1

Wages

USD/Month

3,443.83

Inflation Rate

%

-0.3

Consumer Price Index (CPI)

Index Points

99.15

Interest Rate

%

0.12

Loans to Private Sector

USD million/billion

434,237.15 million

Balance of Trade

USD million/billion

4,566.40 million

Business Confidence

(No Units)

-1

Manufacturing PMI

Index Points

50.1

Ease of Doing Business

(No Units)

1

Competitiveness Rank

(No Units)

2

Corruption Rank

(No Units)

8

Consumer Spending

USD million/billion

Bank Lending Rate (Consumers)

%

5.35

Corporate Tax Rate

%

17

Sales Tax Rate

%

7

 

The Market Entry Series

Exploring global markets is now recognized as the shortest way to ensure high time to efficiency conversion, when trying to expand revenues past domestic markets, for firms both large and small. Our market entry series, priced suitably low contains the essentials of all the parameters (Refer: Table of Contents) you must be apprised of before you can have a well informed contemplation of a business opportunity in your choice of industry, in your choice of geography.

 

 

 

1. Introduction

                1.1 Scope of the Report

                1.2 Regional Analysis

                                1.2.1 PESTLE Analysis

                                1.2.2 Analysis of Ease of Doing Business

2. Market Dynamics

                2.1 Drivers

                2.2 Restraints

                2.3 Opportunities

3. Market Demand Analysis

                3.1 Socio-Economic Segmentation

                3.2 Demographic Strengths & Weaknesses

                3.3 Spending Patterns

                3.4 Target Market Identification

4. Market Size of Beauty Drinks Industry by Type (USD millions)

                4.1 Anti-Ageing

                4.2 Radiance

                4.3 Detoxicating

                4.4 Vitality

                4.5 Others

5. Market Entry

                5.1 Market Entry: The Strategy

                                5.1.1 Types of Entry Modes, by Market Entry Objectives

                                5.1.2 Competition Analysis

                                                5.1.2.1 Market Share

                                                5.1.2.2 Strategies Adopted, Recent Events 

                                5.1.3 Pricing Strategy

                                5.1.4 Supply Chain Analysis

                                                5.1.4.1 Trade (Import-Export Analysis)

                                                5.1.4.2 Distribution Network & Retail Analysis

                5.2 Market Entry: The Administration

                                5.2.1 How to Register a Company (Flowchart)

                                5.2.2 Registration Processes 

                                                5.2.2.1 Ministries Involved

                                                5.2.2.2 Criteria and Conditions

                                5.2.3 List of Forms & Documents

                                5.2.4 Product Control Guidelines specified by the Government

6. Sources

7. Disclaimer

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