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Singapore's agriculture, food and beverages (F&B) market is valued at over S$60 billion and is expected to grow at a CAGR of 3% from 2022 to 2027. The market is driven by a number of factors, including rising disposable incomes, increasing urbanization, and a growing demand for healthier and more convenient food options.
The Singapore government is a major buyer of agriculture, food and beverages products and services, spending over S$2 billion annually. The government procures a wide variety of products and services, including fresh produce, processed food, beverages, and agritech solutions.
The main agriculture, food and beverages products and services procured by the Singapore government include:
Fresh produce: fruits, vegetables, meat, seafood, eggs, dairy products
Processed food: canned food, frozen food, snacks
Beverages: soft drinks, alcoholic drinks, water
Agritech solutions: smart farming systems, precision agriculture tools, food waste reduction technologies
The top authorities for Singapore agriculture, food and beverages procurement are:
Agri-Food & Veterinary Authority (AVA)
National Environment Agency (NEA)
Singapore Food Agency (SFA)
Public Utilities Board (PUB)
The top winners of Singapore agriculture, food and beverages procurement contracts in recent years include:
Olam International
Wilmar International
Archer Daniels Midland Company (ADM)
Cargill
Louis Dreyfus Company
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