Food & Grocery Retail in Singapore
Summary
Food & Grocery Retail in Singapore industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2018-23, and forecast to 2028). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- The food & grocery retail market is segmented into household products, tobacco, food, and drinks. Market value refers to retail sales.
- The Singaporean food & grocery retail market recorded revenues of $14.1 billion in 2023, representing a compound annual growth rate (CAGR) of 4.7% between 2018 and 2023.
- The food segment accounted for the market's largest proportion in 2023, with total revenues of $10.1 billion, equivalent to 71.7% of the market's overall value.
- In 2023, the Singaporean food & grocery retail market recorded an annual growth of 10.2% due to the expansion in grocery retail infrastructure. For instance, Sheng Siong launched two new stores in Singapore and increased the retail footprint of an existing location during H1 FY2024.
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the food & grocery retail market in Singapore
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the food & grocery retail market in Singapore
- Leading company profiles reveal details of key food & grocery retail market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Singapore food & grocery retail market with five year forecasts by both value and volume
- What was the size of the Singapore food & grocery retail market by value in 2023?
- What will be the size of the Singapore food & grocery retail market in 2028?
- What factors are affecting the strength of competition in the Singapore food & grocery retail market?
- How has the market performed over the last five years?
- Who are the top competitors in Singapore's food & grocery retail market?
- 1 Executive Summary
- 1.1. Market value
- 1.2. Market value forecast
- 1.3. Category segmentation
- 1.4. Geography segmentation
- 1.5. Market rivalry
- 1.6. Competitive landscape
- 2 Market Overview
- 2.1. Market definition
- 2.2. Market analysis
- 3 Market Data
- 3.1. Market value
- 4 Market Segmentation
- 4.1. Category segmentation
- 4.2. Geography segmentation
- 5 Market Outlook
- 5.1. Market value forecast
- 6 Five Forces Analysis
- 6.1. Summary
- 6.2. Buyer power
- 6.3. Supplier power
- 6.4. New entrants
- 6.5. Threat of substitutes
- 6.6. Degree of rivalry
- 7 Competitive Landscape
- 7.1. Who are the leading players?
- 7.2. What are the strengths of leading players?
- 7.3. What are the strategies of leading players?
- 8 Company Profiles
- 8.1. NTUC Fairprice Co-operative Ltd
- 8.2. DFI Retail Group Holdings Ltd
- 8.3. Sheng Siong Group Ltd
- 9 Macroeconomic Indicators
- 9.1. Country data
- 10 Appendix
- 10.1. Methodology
- 10.2. Industry associations
- 10.3. Related MarketLine research
- 10.4. About MarketLine
- List of Tables
- Table 1: Singapore food & grocery retail market value: $ million, 2018-23
- Table 2: Singapore food & grocery retail market category segmentation: % share, by value, 2018-2023
- Table 3: Singapore food & grocery retail market category segmentation: $ million, 2018-2023
- Table 4: Singapore food & grocery retail market geography segmentation: $ million, 2023
- Table 5: Singapore food & grocery retail market value forecast: $ million, 2023-28
- Table 6: NTUC Fairprice Co-operative Ltd: key facts
- Table 7: NTUC Fairprice Co-operative Ltd: Key Employees
- Table 8: DFI Retail Group Holdings Ltd: key facts
- Table 9: DFI Retail Group Holdings Ltd: Annual Financial Ratios
- Table 10: DFI Retail Group Holdings Ltd: Key Employees
- Table 11: Sheng Siong Group Ltd: key facts
- Table 12: Sheng Siong Group Ltd: Annual Financial Ratios
- Table 13: Sheng Siong Group Ltd: Key Employees
- Table 14: Singapore size of population (million), 2019-23
- Table 15: Singapore real gdp (constant 2010 prices, $ billion), 2019-23
- Table 16: Singapore gdp (current prices, $ billion), 2019-23
- Table 17: Singapore inflation, 2019-23
- Table 18: Singapore consumer price index (absolute), 2019-23
- Table 19: Singapore exchange rate, 2018-23
- List of Figures
- Figure 1: Singapore food & grocery retail market value: $ million, 2018-23
- Figure 2: Singapore food & grocery retail market category segmentation: $ million, 2018-2023
- Figure 3: Singapore food & grocery retail market geography segmentation: % share, by value, 2023
- Figure 4: Singapore food & grocery retail market value forecast: $ million, 2023-28
- Figure 5: Forces driving competition in the food & grocery retail market in Singapore, 2023
- Figure 6: Drivers of buyer power in the food & grocery retail market in Singapore, 2023
- Figure 7: Drivers of supplier power in the food & grocery retail market in Singapore, 2023
- Figure 8: Factors influencing the likelihood of new entrants in the food & grocery retail market in Singapore, 2023
- Figure 9: Factors influencing the threat of substitutes in the food & grocery retail market in Singapore, 2023
- Figure 10: Drivers of degree of rivalry in the food & grocery retail market in Singapore, 2023
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