Singapore Plant-Based Food and Beverages Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The report covers Singapore Plant-Based Food and Beverages Companies and the market is segmented by product type (meat substitutes, dairy alternative beverages, non-dairy ice cream, non-dairy cheese, non-dairy yogurt, non-dairy spreads, and other plant-based products); and distribution channel (supermarkets/hypermarkets, convenience stores, online retail stores, and other distribution channels). The size and forecasts are provided in terms of value (USD million) during the forecasted years for the above segments.

Singapore Plant-Based Food and Beverages Market Size

Singapore Plant Based Food And Beverages Market Summary
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Singapore Plant-Based Food and Beverages Market Analysis

The Singapore Plant-Based Food and Beverages Market is expected to register a CAGR of 6.97% during the forecast period.

Market growth is attributed to high consumer awareness about the health benefits associated with plant-based food and beverages. In addition, improved animal welfare and increasing government initiatives to strengthen this awareness are key factors contributing to the penetration of plant-based dairy alternatives. Dairy alternatives and meat substitutes hold wide scope for product development, pulling the significant attention of manufacturers to contribute to the market growth. As a result, food companies increasingly invest in catering to the appeal of novel flavors and taste profiles as they capture meat eaters' attention. For instance, in April 2021, Agrocorp International which is a Singapore-based agricultural commodities company declared that they have launched the latest product, dairy-free paneer which is a plant-based pea protein under the brand HerbYvore.

In short term, with the outbreak of COVID-19, the consumption of plant-based food products has increased as the pandemic has generated better awareness about the impact of human interferences on the global environment. Furthermore, government agendas and forefront policies are highlighting the reduction in meat consumption to achieve the desired level of CO2 emission for a healthy planet.

Similarly, plant-based beverages are also gaining popularity owing to the presence of a huge number of immigrants, and tourists. In addition, local consumers are increasingly shifting to a vegan diet as a part of a healthier lifestyle to align with their ethical convictions.

Singapore Plant-Based Food and Beverages Industry Overview

The Singapore plant-based food and beverages market is highly competitive with the presence of various domestic and international players competing for a major share in the market. Major players dominating the market include Impossible Foods, Nestle SA, MAD Foods, and Danone SA, among others. These players are focusing on various marketing strategies to penetrate the market which include, product innovation, partnering with well-known brands or companies, and strengthening their hold over online and offline distribution channels. For instance, in January 2022, Growthwell Foods unveiled a new range of meat substitutes called Happiee, which features four plant-based products including Fishiee Patties, Chickiee Nuggets, Fishiee Sticks, and Chickiee Popcorn. All these products are manufactured at Growthwell's innovation and R&D manufacturing center, based in Singapore.

Singapore Plant-Based Food and Beverages Market Leaders

  1. Impossible Foods

  2. Beyond Meat Inc.

  3. Nestle SA

  4. MAD Foods

  5. Danone SA

  6. *Disclaimer: Major Players sorted in no particular order
Singapore Plant Based Food And Beverages Market Concentration
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Singapore Plant-Based Food and Beverages Market News

  • In July 2021, MAD Foods a Singapore-based brand unveiled "MAD coffee" a debut range of oat milk cold brew coffee which is 100% plant-based in the Singapore market.
  • in May 2022, Hoshay Food which is s Singapore-based company declared its new range of plant-based food products pertaining to different cuisine for the Singapore market.
  • In November 2020, Quorn expanded its home delivery service in Singapore with a range of meatless dim sum items, as the brand positions itself in the fast-growing Asian plant-based market. It initially launched its delivery service with Singapore's largest grocery e-commerce RedMart in September 2020.

Singapore Plant-Based Food and Beverages Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions and Market Definition
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

  • 4.1 Market Drivers
  • 4.2 Market Restraints
  • 4.3 Porter's Five Force Analysis
    • 4.3.1 Threat of New Entrants
    • 4.3.2 Bargaining Power of Buyers/Consumers
    • 4.3.3 Bargaining Power of Suppliers
    • 4.3.4 Threat of Substitute Products
    • 4.3.5 Intensity of Competitive Rivalry

5. MARKET SEGMENTATION

  • 5.1 By Product Type
    • 5.1.1 Meat Substitutes
    • 5.1.1.1 Textured Vegetable Protein
    • 5.1.1.2 Tofu
    • 5.1.1.3 Tempeh
    • 5.1.1.4 Other Meat Substitutes
    • 5.1.2 Dairy Alternative Beverages
    • 5.1.2.1 Soy Milk
    • 5.1.2.2 Almond Milk
    • 5.1.2.3 Other Dairy Alternative Beverages
    • 5.1.3 Non-dairy Cheese
    • 5.1.4 Non-dairy Yogurt
    • 5.1.5 Non-dairy ice cream
    • 5.1.6 Non-dairy spreads
    • 5.1.7 Other Plant-based Products
  • 5.2 By Distribution Channel
    • 5.2.1 Supermarkets/Hypermarkets
    • 5.2.2 Convenience Stores
    • 5.2.3 Online Retail Stores
    • 5.2.4 Other Distribution Channels

6. COMPETITIVE LANDSCAPE

  • 6.1 Most Adopted Strategies
  • 6.2 Market Share Analysis
  • 6.3 Company Profiles
    • 6.3.1 Impossible Foods
    • 6.3.2 Beyond Meat.
    • 6.3.3 Nestle SA
    • 6.3.4 MAD Foods
    • 6.3.5 DANONE SA
    • 6.3.6 Conagra Brands Inc.
    • 6.3.7 Heura Foods
    • 6.3.8 Mondelēz International
    • 6.3.9 Diageo
    • 6.3.10 Hain Celestial Group
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

8. IMPACT OF COVID-19 ON THE MARKET

9. DISCLAIMER

**Subject to Availability
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Singapore Plant-Based Food and Beverages Industry Segmentation

Plant-based food and beverage refer to dairy alternatives and meat substitutes manufactured with plant-based ingredients sourced from legumes, nuts, leaves, and seeds, among others. The Singapore plant-based food and beverages market is segmented by product type and distribution channel. By product type, the market is segmented into meat substitutes, dairy alternative beverages, non-dairy ice cream, non-dairy cheese, non-dairy yogurt, non-dairy spreads, and other plant-based products that include non-dairy chocolates, milk powders, etc. By meat substitutes, the market is further segmented into textured vegetable protein, tofu, tempeh, and other meat substitutes. By dairy alternative beverages, the market is further segmented into soy milk, almond milk, and other dairy alternative beverages. By distribution channel, the market is segmented into supermarkets/hypermarkets, convenience stores, online retail stores, and other distribution channels. For each segment, the market sizing and forecasts have been done on the basis of value (USD million).

By Product Type Meat Substitutes Textured Vegetable Protein
Tofu
Tempeh
Other Meat Substitutes
Dairy Alternative Beverages Soy Milk
Almond Milk
Other Dairy Alternative Beverages
Non-dairy Cheese
Non-dairy Yogurt
Non-dairy ice cream
Non-dairy spreads
Other Plant-based Products
By Distribution Channel Supermarkets/Hypermarkets
Convenience Stores
Online Retail Stores
Other Distribution Channels
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Singapore Plant-Based Food and Beverages Market Research FAQs

What is the current Singapore Plant-Based Food and Beverages Market size?

The Singapore Plant-Based Food and Beverages Market is projected to register a CAGR of 6.97% during the forecast period (2025-2030)

Who are the key players in Singapore Plant-Based Food and Beverages Market?

Impossible Foods, Beyond Meat Inc., Nestle SA, MAD Foods and Danone SA are the major companies operating in the Singapore Plant-Based Food and Beverages Market.

What years does this Singapore Plant-Based Food and Beverages Market cover?

The report covers the Singapore Plant-Based Food and Beverages Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Singapore Plant-Based Food and Beverages Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Singapore Plant-Based Food Industry Report

Statistics for the 2025 Singapore Plant-Based Food and Beverages market share, size and revenue growth rate, created by Mordor Intelligenceā„¢ Industry Reports. Singapore Plant-Based Food and Beverages analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.

Singapore Plant-Based Food Market Report Snapshots

Compare market size and growth of Singapore Plant-Based Food and Beverages Market with other markets in Food & Beverage Industry

Singapore Plant-Based Food and Beverages Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)