Singapore’s Feed Premix industry | Opportunities | Upcoming Projects|Investment opportunities |Forecast to 2020
Market Entry - Feed premix Industry in Singapore: Analysis of Growth, Trends and Progress (2016 - 2021)

PUBLISHED

DEC 2017

Market Entry - Feed premix Industry in Singapore: Analysis of Growth, Trends and Progress (2016 - 2021)

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About the Market

An increase in meat consumption across the globe, mass production of meat coupled with rising demand for quality, and awareness among farmers about benefits of feed ingredients is expected to boost the growth of feed premix industry. However, mounting raw material cost and lack of knowledge about premixes are obstructing the market. The shift in consumption of red meat to white meat in developed as well as developing countries, coupled with technological advancement and methods of manufacturing feed premix through high expertise are trending in the global feed premix market. The developed countries hold the major section of the market but demand is expected to grow from the emerging markets of developing countries such as India, China, and Brazil. The developed nations anticipate steady growth due to focus on animal health and wellness in the animal husbandry industry. The key players in the global feed premix market like Nutreco N.V., Cargill Inc., Koninklijke Dsm N.V., DLG Group, Phibro Group, and Archer Daniels Midland Company, are focusing on acquisitions in order to increase their consumer base by expanding their product portfolio. For instance, in 2011, Cargill Inc. acquired Provimi, the global animal nutrition company, in order to offer the broadest array of animal nutrition products, services, and capabilities to its global customers. Cargill Inc. feed premix products come under different brand names such as Provimi, Akey, Vigortone, Citura, Neolait, Nutral, and Nutron.

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 Feed premix Industry by Type (USD millions)

                4.1 Vitamins

                4.2 Minerals

                4.3 Antibiotics

                4.4 Amino Acids

                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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