Homegrown F&B Companies in Singapore | SGPGrid

F&B in Singapore – The Top Companies of 2020

The F&B industry in Singapore is incredibly buoyant with the levels of revenue generated in the sector expected to amount to US$35 million in 2020. It is a sector which is enjoying significant growth with annual growth (CAGR 2020-2024) anticipated to be 6.6%. Individuals spend, on average, US$23.92 on food and beverage. The F&B sector is extremely competitive, and this excellent news for consumers. Some companies will always respond strongly to the challenges presented to them, so here are 10 of the top companies in 2020.

1. Wilmar International

Wilmar International was founded in 1991 and is a huge player in the agribusiness sector. They actively cultivate, refine and market grains and oils from their 500 manufacturing plants which are located in over 50 countries. Wilmar employs more than 90,000 people globally and has a market capitalisation of $20.4 billion.

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2. Olam International

Incorporated in 1989, Olam International is another of the leading companies in the agribusiness and food sector. The company predominantly supplies food ingredients such as cocoa, coffee, nuts and spices to a range of producers. They have over 74,500 full-time employees and have 160 processing centres. In 2020, they restructured to simplify their portfolio and unlock more long-term value in their products. Their market capitalisation is $4.75 billion.

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3. Grain

Grain was established in 2013 is a cutting-edge company offering large-scale catering or online food ordering. They are an innovative organisation looking to meet the needs of those leading active lives, leaving them with little time to prepare quality meals. According to Statista, in 2019, Grain was the fifth fastest-growing company in Singapore. They currently employ around 100 people.

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4. Kimly Group

The Kimly Group was founded in 1990 and own and manage an extensive network of industrial canteens, food courts and coffee shops including some of Singapore’s best-known outlets. They employ around 2,250 people and have continually experienced near double digital annual growth, according to The Straits Times. They have a market capitalisation of $218.29 million and appear to be going from strength to strength.

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5. Yeo Hiap Seng Ltd

Yeo Hiap Seng was incorporated back in 1955 and is an industry leader in the canned food, productions of sauces and beverage market, and it is perhaps the beverage market where they are best known. They have a vast global presence across, Asia, Europe and North America and 49.5% owned by Far East Orchard.

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6. Koufu Pte Ltd

Koufu was founded in 2002, and its culture is built on the Chinese belief that you are lucky to feast on quality foods. The company endeavours to hold true to their Singaporean roots, and this is evident in their numerous food outlets and other F&B operations in Singapore and Macau. They are privately owned and employ over 2,000 people.

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7. JAPFA Ltd

JAPFA are another of the significant forces in the agribusiness, focusing primarily on the production of foodstuffs using modern farming technology. They have facilities in Indonesia, China, Vietnam and India. They were founded in 1995 and employ approximately 32,000 people. The company is based in Indonesia and has a market capitalisation of IDR11.8 trillion.

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8. Fraser & Neave Ltd

Fraser & Neave Ltd was founded in 1883 and is one of the leading producers of beer, stout and soft drinks in Singapore. The company is now owned by ThaiBev and has a global presence and a market capitalisation of $1.6 billion. The company has won numerous international and regional accolades and awards for the quality of its products.

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9. The Drinkery Pte Ltd

Established in 2014, The Drinkery is Singapore’s leading importer of craft beers. They represent top global brewers, ensuring that their products are showcased in Singapore. The Drinkery work closely with leading hotels and restaurants. Since its inception, the company has enjoyed absolute growth of 290% and employs just ten people.

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10. Proof & Company Spirits

Proof & Company Spirits was established in 2012 and are the leading distributor of independent spirit brands across the Asia-Pacific region. The company has outlets in Australia, New Zealand, Hong and mainland China amongst other areas. They have 75 permanent employees and have experienced absolute growth of 113% since they were founded.

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Other Players

Of course, our list is far from exhaustive, and there are many other excellent organisations within the F&B sector. Other notable forces in the industry include No Signboard Holdings, JUMBO Group, Actspand and Iron Chef F&B.

Looking for More Information?

If you are looking for something a little more specific, here at The Grid, we can provide you with all the assistance that you need. Click here to view an exhaustive list of companies operating in the food and beverage industry.