- April 14, 2023 / 5 min readAccording to a recent report by ResearchAndMarkets.com, the plant-based food market in Singapore is expected to grow at a CAGR of 16.9% during the forecast period (2021-2026).
Plant-based food brand Wakao Foods has announced its foray into the Singaporean market.
The company will launch seven popular products, including Butter Jack, BBQ jack, Raw Jack, Continental Burger Patty, Jack Supreme Burger Patty, Hot & Spicy Sausages, and American Herbs Sausages, in the Singapore market.
These products will be available at retail stores such as Everyday Vegan Grocer and HoReCa and online on popular e-commerce platforms such as Shopee, Lazada, Amazon Singapore, and Redmart.
"We are thrilled to be bringing our range of delicious and healthy plant-based products to Singapore. Our products have high-quality ingredients, and we believe they will be well-received by the Singaporean market. We are excited to be partnering with Everyday Vegan Grocer, HoReCa, and various e-commerce platforms to make our products easily accessible to consumers across the country,” shared Sairaj Dhond, Founder and CEO of Wakao Foods.
According to a recent report by ResearchAndMarkets.com, the plant-based food market in Singapore is expected to grow at a CAGR of 16.9% during the forecast period (2021-2026). This growth is driven by increasing health concerns, a rising trend of veganism, and demand for sustainable and ethical food products.
In addition to retail stores and e-commerce platforms, Palate Sensations, a culinary school in Singapore, will also use Wakao Foods' products. The school is known for its innovative and sustainable approach to cooking, and Wakao Foods' products are a natural fit for its philosophy.
GFI India and Deloitte India foresee the Indian plant-based market to hit USD 2.2 Bn by 2030, with a USD 1.1 Bn export potential.Trending ArticleDaily UpdatesWhich is the highest format preference of Fun-Seeker?
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