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This article serves to help companies to gain a better understanding of the Millennials in order to capture their share of the market effectively. Based on research and statistics, we drew the following conclusions on the target segment and their behaviour. 1. Millennials want High quality food at Cheap Price 2. Millennials are Health Conscious and Price Sensitive 3. “Photogenic” Foods 4. Transparency of Food, and social & environmental responsibility 5. Adventurous, keen to explore new and innovative flavours 6. Rely on reviews for the choice of brand 7. Willingness to pay more for premium products 1.      Millennials want High quality food at Cheap Price The Millennial generation values both quality and price competitiveness. Food companies are now putting more emphasis on health and high-quality ingredients in order to appeal to Millennials. For example, the makers of Oreo launched “Oreo Thins”, a slimmed-down version of the origi...

In today’s article, we will look at the forecast of revenue for Singapore’s Food & Beverages Industry (2015 – 2021). According to Statista.com, one of the leading statistics companies on the internet, Singapore’s F&B Industry amounts to US$108m in 2017 and is expected to grow at a 15.9% CAGR from 2017 to 2021, reaching a market volume of US $195m in 2021. For growth forecast of Global Bakery Products (2016 – 2021), a survey launched by Global Industry Analysts, Inc. (GIA), a leading publisher of off-the-shelf market research, had stated that the global market for bakery products is projected to grow and exceed US$485 billion by Year 2020. A report by Research and Markets, further supported this trend, stating that the market will continue to grow and is expected to reach USD $530 Billion by 2021, at 4.5% CAGR during the forecast period. Both reports had also stated that the developing regions, such as the Asia-Pacific, are currently the growing markets for Bakery ...

Wholesale Food suppliers Singapore  are those who act as sales agents between manufacturers and F&B owners, or in certain cases, individual customers. Generally, a  wholesale food distributor  operates out of a warehouse or food storage facility. There is a vast array of food products distributed each day by wholesale suppliers, and these include dairy and meat products, vegetables and fruit, seafood, frozen goods, and confectionery. Wholesale Food Distributors who specialize in certain items can also be found in today's marketplace. Food wholesalers usually deal in grocery products, while systems distributors typically specialize in items such as spices, seasonings, coffee and tea. There are also specialty wholesalers who focus on the distribution of dairy products or poultry. A. Clientele base  As previously mentioned, wholesale food supplier generally operate from a warehouse and do not usually conduct business with walk in customers, as displays of the...

With the world population expected to grow to over 10 billion by the end of the century, stakeholders (Producers, Processors, Distributors, Consumers) all round the world are finding sustainable ways to meet the consumption demands of the human population in years to come. Some of the local food wholesalers and distributors such as  Oregano Trading  & SSKim had took noticed of this trend and are finding ways to achieve food sustainability through their work processes. Adding to the woes of a sustained global food supply chain are climate changes, limited farming lands due to urbanisation, and lack of capital investments & innovations especially in under-developed & developing countries. It remains to be seen if governments and regulators all round the world are able to achieve desirable outcomes for all stakeholders. Issues such as supply chain efficiency, market volatility (trade curbs), innovation to support growth, energy efficiency, waste management, add...