Singapore: Food Processing Ingredients
Due to its high dependency on imported foods, Singapore is one of Asia’s largest importers of processed food and beverage products. In 2014, the U.S. exported a record of US$ 608.1 million in consumer oriented products, which was an increase of percent from 2013. As the country has limited agricultural resources, raw materials for the food processing industry are largely imported too. The limited local food manufacturers are incapable of meeting demands for both the domestic and re-export markets. Due to demographic and lifestyle changes, the sector is expected to grow and emerging trends have been taking place in the market such as increasing demand for healthier and convenience products..
