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Singapore Frozen Food Market Share, Application,Growth,
Research and Forecasts to 2024 | Hexa Research
“ Singapore frozen food market is expected to be valued at USD 141.4 Million
By 2024.”
13 November 2018
Singapore frozen food market is expected to be valued at USD 141.4 Million By 2024. Singapore is the tourist hub of Asia
Pacific region, the country is expected to have huge food industry with many restaurants, hotels, airline caterers,
hospitals, ship handlers, and clubs. Singapore tends to be a strategic entry point for key exporters who are looking to tap
into the vast regional market. Furthermore, well established judicial system, stable political structure, good corporate
governance, and presence of strong domestic institutions have made Singapore the favourite destination for business
setup and operations.
Growing urbanization coupled with rising disposable income is expected to be one of among the key drivers for the rise
in purchasing power of frozen food products by local people. Frozen food market in Singapore is on the edge of further
expansion owing to the rapid expansion of food outlets along with reduced tariff barriers on frozen food imports by the
government. However, highly priced frozen food products from multinational brands are expected to hamper the overall
frozen food segment in Singapore but, sophisticated health-conscious adults, as well as teenagers, are ready to pay
premium prices for the superior quality provided.
Browse Details of Report @ https://www.hexaresearch.com/research-report/singapore-frozen-food-market
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