Foodservice in Singapore
Summary
Foodservice in Singapore industry profile provides top-line qualitative and quantitative summary information including: market size (value 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
- Foodservice is defined as the total value of all food and drink, including on-trade drinks consumed without food, which is intended for immediate consumption either on the premises, in designated eating areas shared with other foodservice operators, or as takeaway transactions involving freshly prepared food for immediate consumption.
- The Singaporean foodservice industry recorded revenues of $10.9 billion in 2023, representing a compound annual growth rate (CAGR) of 3.2% between 2018 and 2023.
- Industry consumption volume increased with a CAGR of 1.2% between 2018 and 2023, reaching a total of 1.2 billion transactions in 2023.
- The Singaporean foodservice industry held a share of 0.7% in the Asia-Pacific region, in 2023.
- Save time carrying out entry-level research by identifying the size, growth, and leading players in the foodservice market in Singapore
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the foodservice market in Singapore
- Leading company profiles reveal details of key foodservice market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Singapore foodservice market with five year forecasts
- What was the size of the Singapore foodservice market by value in 2023?
- What will be the size of the Singapore foodservice market in 2028?
- What factors are affecting the strength of competition in the Singapore foodservice market?
- How has the market performed over the last five years?
- How large is Singapore’s foodservice market in relation to its regional counterparts?
- 1 Executive Summary
- 1.1. Market value
- 1.2. Market value forecast
- 1.3. Market volume
- 1.4. Market volume forecast
- 1.5. Category segmentation
- 1.6. Geography segmentation
- 1.7. Market rivalry
- 1.8. Competitive landscape
- 2 Market Overview
- 2.1. Market definition
- 2.2. Market analysis
- 3 Market Data
- 3.1. Market value
- 3.2. Market volume
- 4 Market Segmentation
- 4.1. Category segmentation
- 4.2. Geography segmentation
- 5 Market Outlook
- 5.1. Market value forecast
- 5.2. Market volume 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 and strategies of the players?
- 7.3. What are the most recent market developments?
- 8 Company Profiles
- 8.1. McDonald's Corp
- 8.2. Doctor's Associates Inc
- 8.3. Starbucks Corporation
- 8.4. Yum! Brands, Inc.
- 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 foodservice industry value: $ million, 2018-23
- Table 2: Singapore foodservice industry volume: million transactions, 2018-23
- Table 3: Singapore foodservice industry category segmentation: % share, by value, 2018-2023
- Table 4: Singapore foodservice industry category segmentation: $ million, 2018-2023
- Table 5: Singapore foodservice industry geography segmentation: $ million, 2023
- Table 6: Singapore foodservice industry value forecast: $ million, 2023-28
- Table 7: Singapore foodservice industry volume forecast: million transactions, 2023-28
- Table 8: McDonald's Corp: key facts
- Table 9: McDonald's Corp: Annual Financial Ratios
- Table 10: McDonald's Corp: Key Employees
- Table 11: McDonald's Corp: Key Employees Continued
- Table 12: Doctor's Associates Inc: key facts
- Table 13: Doctor's Associates Inc: Key Employees
- Table 14: Starbucks Corporation: key facts
- Table 15: Starbucks Corporation: Annual Financial Ratios
- Table 16: Starbucks Corporation: Key Employees
- Table 17: Starbucks Corporation: Key Employees Continued
- Table 18: Starbucks Corporation: Key Employees Continued
- Table 19: Yum! Brands, Inc.: key facts
- Table 20: Yum! Brands, Inc.: Annual Financial Ratios
- Table 21: Yum! Brands, Inc.: Key Employees
- Table 22: Yum! Brands, Inc.: Key Employees Continued
- Table 23: Singapore size of population (million), 2019-23
- Table 24: Singapore real gdp (constant 2010 prices, $ billion), 2019-23
- Table 25: Singapore gdp (current prices, $ billion), 2019-23
- Table 26: Singapore inflation, 2019-23
- Table 27: Singapore consumer price index (absolute), 2019-23
- Table 28: Singapore exchange rate, 2018-23
- List of Figures
- Figure 1: Singapore foodservice industry value: $ million, 2018-23
- Figure 2: Singapore foodservice industry volume: million transactions, 2018-23
- Figure 3: Singapore foodservice industry category segmentation: $ million, 2018-2023
- Figure 4: Singapore foodservice industry geography segmentation: % share, by value, 2023
- Figure 5: Singapore foodservice industry value forecast: $ million, 2023-28
- Figure 6: Singapore foodservice industry volume forecast: million transactions, 2023-28
- Figure 7: Forces driving competition in the foodservice industry in Singapore, 2023
- Figure 8: Drivers of buyer power in the foodservice industry in Singapore, 2023
- Figure 9: Drivers of supplier power in the foodservice industry in Singapore, 2023
- Figure 10: Factors influencing the likelihood of new entrants in the foodservice industry in Singapore, 2023
- Figure 11: Factors influencing the threat of substitutes in the foodservice industry in Singapore, 2023
- Figure 12: Drivers of degree of rivalry in the foodservice industry in Singapore, 2023
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