Singapore – The Future of Foodservice to 2023

"Singapore – The Future of Foodservice to 2023", published by GlobalData, provides extensive insight and analysis of Singapore's Foodservice market until 2023 and acts as a vital point of reference for operators or suppliers.

Singapore is widely revered as an example of free-market economic success. Despite its small population of roughly 5.7 million people, it is the thirty seventh largest economy in the world. In 2018, its nominal GDP was over US$324 billion, and it grew by approximately 3.6%1.

The Singaporean foodservice profit sector generated a total revenue of over SGD13 billion (US$10.3 billion) in 2018. The value of the sector increased at a CAGR of 4.7% during 2016-2018, however, the growth is forecast to marginally decelerate to a CAGR of 4.1% over 2018-2023.

Scope

– Growth across all profit sector channels is primarily attributed to rising transaction numbers, rather than outlet number expansion, as the city-state approaches saturation and desirable locations become increasingly sparse. This trend is expected to continue over the coming years.

– The paradigm shift towards convenience driven purchases is becoming increasingly pervasive worldwide, and Singapore is no exception.

– Growth in revenue generated from takeaway transactions is forecast to be strong in most channels.

Reasons to buy

– Specific forecasts of the foodservice market until 2023 give readers the ability to make informed business decisions through identifying emerging/declining markets.

– Consumer segmentation detailing the desires of known consumers among major foodservice channels will allow readers understand the wants and needs of their target demographics.

– Relevant case studies will allow readers to learn from and apply lessons discovered by emerging and major players within the foodservice market.

Companies mentioned

McDonald's Corporation

Yum! Brands! Inc.

Doctor's Associates Inc.

Subway

KFC

Restaurant Brands International

Burger King

Ten & Han Trading Pte Ltd

Old Chang Kee

Ajisen Ramen

Starbucks

Toast Box

The Coffee Bean & Tea Leaf

Killiney – Kopitiam

Sarika Connoisseur Cade Pte Ltd.

Table of Contents

Table of Contents

Introduction

Report Guide

Executive Summary

Macroeconomic Context

GDP and Consumer Price Index

Population and demographic highlights

Annual household income distribution

Introducing the Consumer Segments

Consumer segment profiles and key identification metrics

Segment engagement overview in four key profit sector channels

Profit Sector Metrics

Key metric highlights

Value share and growth by channel

Outlets and transactions growth by channel

Operator buying volumes and growth by channel

Channel historic and future growth dynamics

Outlet type and type of ownership growth dynamics

Profit Sector by Channel

Quick Service Restaurants (QSR)

Summary and key take-out

Metrics

Key players

Key consumers

Why?

What?

Where?

What next?

Full Service Restaurants (FSR)

Summary and key take-out

Metrics

Key consumers

Why?

What?

Where?

What next?

Coffee and Tea Shops

Summary and key take-out

Metrics

Key players

Key consumers

Why?

What?

Where?

What next?

Pubs, Clubs and Bars

Summary and key take-out

Metrics

Key consumers

Why?

What?

Where?

What next?

Cost Sector Metrics

Cost operator trends – historic and future growth

Data and channel share breakdown

Appendix

    Pricing

Discounts available for multiple report purchases.

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