Singapore Infant Formula Market Is Driven By Increasing Women Workforce Participation Rate

By Author: colin
Total Articles: 197
Comment this article

The Singapore infant formula market comprises infant milk formula, follow-on formula, and specialty baby formula such as organic formula, soy-based formula, etc. Infant formula products are manufactured as substitutes for breastmilk and provide balanced nutrition for babies less than 12 months old. The demand for premium and specialty infant formula is growing in Singapore as parents are increasingly health-conscious and seek natural and organic products for their babies. The Global Singapore Infant Formula Market is estimated to be valued at US$ 1,005.4 Mn in 2024 and is expected to exhibit a CAGR of 9.4% over the forecast period 2024-2031.
Key Takeaways
Key players operating in the Singapore infant formula market are Little Etoile, Bellamy's Organic, Nan Nestle, Similac, Enfamil, Friso Gold, Little Oak, Karihome, Hipp, and Dumex. These players are focusing on new product launches, expanding their online and retail distribution networks, and investing in brand marketing to gain market share. The demand for infant formula is growing due to the rising women workforce participation rate and dual-income households ...
... in Singapore. This has increased the demand for convenient packaged baby foods. Manufacturers are also launching organic and clean label products to cater to the needs of health-conscious consumers. Geographically, Singapore serves as a strategic hub for companies to expand their operations to other Southeast Asian countries owing to the high purchasing power of consumers and strong economic growth outlook of the region.
The key drivers contributing to the growth of the Singapore infant formula market include the rising women workforce participation rate leading to higher demand for convenience baby foods. Over the past decade, there has been a significant increase in the number of women joining the workforce in Singapore. In 2020, the women labor force participation rate stood at 65.5%, indicating more women are pursuing careers instead of becoming full-time homemakers. This has led to the higher consumption of packaged baby foods as working mothers have less time to prepare homemade baby meals. Infant formula products offer a convenient and nutritious alternative to homemade purees and meals. The rapid growth in dual-income households in Singapore further supports the demand for easy to prepare baby feeding options like infant formula.
Impact Of Geopolitical Situation On Singapore Infant Formula Market Growth
The Singapore infant formula market is facing several challenges due to ongoing geopolitical uncertainties and changes in the global trade scenario. With rising nationalist sentiments and growing trade barriers globally, the import and export of infant formula products have become complicated. Several export-heavy countries that supply formula to Singapore face disputes with their key trading partners. For instance, China has banned trade with Lithuania due to political tensions. Similarly, the ongoing Russia-Ukraine conflict is disrupting global supply chains and exports from Europe. All such events directly impact the Singapore market as the country imports over 95% of its infant formula requirement. Manufacturers need to focus on diversifying their sourcing options and supply networks to mitigate political and trade risks in the future. Alternative sourcing from countries like Australia, New Zealand, and Latin American nations can help supplement disrupted supply from traditional partners. Companies also need to strengthen local production to reduce reliance on international trade over the long-run.
Geographical Regions With High Market Concentration
Currently, over 60% of the total Singapore infant formula market value is concentrated in the core Central Region and Western islands. This area comprises the highly populated and affluent districts of Central, West Coast, and Bukit Timah. The high density of working mothers and dual-income families, coupled with modern retailing infrastructure, drives higher formula intake here compared to other parts of the island nation. Future market growth is also expected to be brisk in this region, supported by ongoing urbanization and housing projects.
Fastest Growing Region For The Market
The Eastern region of Singapore, including Changi, Pasir Ris, and Punggol, is projected to witness the fastest growth in the infant formula market over the forecast period. It is estimated to expand at an annual rate of 11% till 2031. This is attributed to rapid residential development activities taking place here that are adding thousands of new homes annually. As a result, the parent population and births are increasing substantially in this area compared to other established regions. Major brands are also enhancing their retail presence in the East to cater to the rising demand early on.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it

Get more insights on this topic: https://fortunetelleroracle.com/food/singapore-infant-formula-market-driven-by-rising-consumer-awareness-for-nutritious-formula-milk-894776

Author Bio:
Alice Mutum is a seasoned senior content editor at Coherent Market Insights, leveraging extensive expertise gained from her previous role as a content writer. With seven years in content development, Alice masterfully employs SEO best practices and cutting-edge digital marketing strategies to craft high-ranking, impactful content. As an editor, she meticulously ensures flawless grammar and punctuation, precise data accuracy, and perfect alignment with audience needs in every research report. Alice's dedication to excellence and her strategic approach to content make her an invaluable asset in the world of market insights. (LinkedIn: www.linkedin.com/in/alice-mutum-3b247b137 )

What Are The Key Data Covered In This Singapore Infant Formula Market Report?
:- Market CAGR throughout the predicted period
:- Comprehensive information on the aspects that will drive the Singapore Infant Formula's growth between 2024 and 2031.
:- Accurate calculation of the size of the Singapore Infant Formula and its contribution to the market, with emphasis on the parent market
:- Realistic forecasts of future trends and changes in consumer behaviour
:- Singapore Infant Formula Industry Growth in North America, APAC, Europe, South America, the Middle East, and Africa
:- A complete examination of the market's competitive landscape, as well as extensive information on vendors
:- Detailed examination of the factors that will impede the expansion of Singapore Infant Formula vendors
FAQ’s
Q.1 What are the main factors influencing the Singapore Infant Formula?
Q.2 Which companies are the major sources in this industry?
Q.3 What are the market’s opportunities, risks, and general structure?
Q.4 Which of the top Singapore Infant Formula companies compare in terms of sales, revenue, and prices?
Q.5 Which businesses serve as the Singapore Infant Formula’s distributors, traders, and dealers?
Q.6 How are market types and applications and deals, revenue, and value explored?
Q.7 What does a business area’s assessment of agreements, income, and value implicate?