Singapore: Retail Foods
Singapore’s retail foods sector is very competitive, yet diverse and dynamic. The city-state is dependent on international trade and imports over 90 percent of its food needs. The affluent Singaporeans are more willing to spend on food and some wouldn’t mind paying for premium foods. In 2017, Singapore imported $13 billion worth of agriculture, fish and forestry products. The United States was the fourth largest supplier with a market share of 8 percent valued at US$1 billion. Best U.S. prospects include fish and seafood, dairy products including cheese, meat products, fresh fruits, snack foods, dried fruits and tree nuts, and pet foods.
