Singapore Ice Cream Market to Grow at 1.68% CAGR by 2030

NEW YORK - May 8, 2025 - PRLog -- According to Markntel Advisors latest report, the Singapore Ice Cream Market is anticipated to grow at a CAGR of around 1.68% during 2025-2030. The Singapore Ice Cream Market size was valued at around USD 150 million in 2024 and is anticipated to exceed USD 163 million by 2030, led by a surge in artisanal innovation, wellness-driven indulgence, and experiential consumption.

This flourishing growth is significantly driven by hot and humid climatic conditions, high tourist footfall, and the diversified multicultural population mix of the country

Singapore Ice Cream Market Analysis 2025-30

• The rise in health-conscious consumption patterns is pushing brands to introduce keto-friendly, vegan, and low-GI options, responding to demand for guilt-free indulgence.
• A surge in experiential retail formats, such as ice cream parlors with immersive storytelling, has helped brands improve foot traffic and consumer engagement.

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Ice Cream Industry Segmentation Analysis 2030

The industry is bifurcated into:

Based on Category:

• Frozen Yoghurt,
• Impulse Ice Cream, [Single Portion Dairy Ice Cream, Single Portion Water Ice Cream],
• Plant-Based Ice Cream,

Based on Leading Flavors:

• Chocolate,
• Vanilla,
• Strawberry,
• Cookies & Cream,

Based on Format:

• Cup,
• Stick,
• Cone,

Based on Sales Channel:

• Retail Offline, [Grocery Retailers, (Convenience Retailers, [Convenience Stores, Forecourt Retailers}, Supermarkets, Hypermarkets, Food & Drink Specialists, Small Local Grocers)],
• Retail E-Commerce

Key Takeaways from the Report

• Rise of Sensory Experiences: From charcoal cones to color-changing scoops, presentation now plays a vital role in capturing Gen Z attention and social media virality.
• Functional Ice Cream is No Longer Niche: Probiotic-infused, vitamin-enriched, and adaptogen-based ice creams are making their way into everyday consumption.

Top Ice Cream Companies Reshaping Singapore Market

The market's transformation is being driven by a blend of international giants and boundary-pushing local disruptors:

• Unilever Singapore Pte Ltd.,
• General Mills Asia Pte Ltd.,
• F&N Foods (S) Pte Ltd.,

Key Trends Shaping Ice Cream Industry in Singapore

Singaporeans are no longer satisfied with just vanilla and chocolate. There's a deep appreciation for small-batch, chef-curated ice creams that offer unique ingredients like Himalayan salt, blue pea flower, or activated charcoal.

Future Outlook

With the growing trends, the industry is projected to grow and expand during the forecasting years i.e., 2025–30 as the above-stated factors are changing the market landscape and opening doors to the market players.

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