Singapore Food and Grocery Retail Market Summary, Competitive Analysis and Forecast, 2017-2026
Summary
Food & Grocery Retail in Singapore industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2017-21, and forecast to 2026). 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 includes the retail sales of all food products, both packaged and unpackaged, as well as beverages (including retail sales of all alcoholic and non-alcoholic beverages), tobacco, and household products. All market data and forecasts are represented in nominal terms (i.e., without adjustment for inflation) and all currency conversions used in the creation of this report have been calculated using constant 2021 annual average exchange rates.
- The Singaporean food and grocery retail market had total revenues of $12.0 billion in 2021, representing a compound annual growth rate (CAGR) of 2.1% between 2017 and 2021.
- Hypermarkets, supermarkets and hard discounters account for the largest proportion of sales in the Singaporean food and grocery retail market in 2021; sales through this channel generated $7.5 billion, equivalent to 62.1% of the market's overall value.
- The food segment was the market's most lucrative in 2021, with total revenues of $7.8 billion, equivalent to 64.5% of the market's overall value.
- 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 2021?
- What will be the size of the Singapore food & grocery retail market in 2026?
- 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
- 4.3. Market distribution
- 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 in the market?
- 7.2. What are the strategies and strengths of leading players?
- 8 Company Profiles
- 8.1. NTUC Fairprice Co-operative Ltd
- 8.2. Seven & i Holdings Co 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: $ billion, 2016-21
- Table 2: Singapore food & grocery retail market category segmentation: % share, by value, 2016-2021
- Table 3: Singapore food & grocery retail market category segmentation: $ billion, 2016-2021
- Table 4: Singapore food & grocery retail market geography segmentation: $ billion, 2021
- Table 5: Singapore food & grocery retail market distribution: % share, by value, 2021
- Table 6: Singapore food & grocery retail market value forecast: $ billion, 2021-26
- Table 7: NTUC Fairprice Co-operative Ltd: key facts
- Table 8: NTUC Fairprice Co-operative Ltd: Key Employees
- Table 9: Seven & i Holdings Co Ltd: key facts
- Table 10: Seven & i Holdings Co Ltd: Annual Financial Ratios
- Table 11: Seven & i Holdings Co Ltd: Key Employees
- Table 12: Seven & i Holdings Co Ltd: Key Employees Continued
- Table 13: Sheng Siong Group Ltd: key facts
- Table 14: Sheng Siong Group Ltd: Annual Financial Ratios
- Table 15: Sheng Siong Group Ltd: Key Employees
- Table 16: Singapore size of population (million), 2017-21
- Table 17: Singapore gdp (constant 2005 prices, $ billion), 2017-21
- Table 18: Singapore gdp (current prices, $ billion), 2017-21
- Table 19: Singapore inflation, 2017-21
- Table 20: Singapore consumer price index (absolute), 2017-21
- Table 21: Singapore exchange rate, 2017-21
- List of Figures
- Figure 1: Singapore food & grocery retail market value: $ billion, 2016-21
- Figure 2: Singapore food & grocery retail market category segmentation: $ billion, 2016-2021
- Figure 3: Singapore food & grocery retail market geography segmentation: % share, by value, 2021
- Figure 4: Singapore food & grocery retail market distribution: % share, by value, 2021
- Figure 5: Singapore food & grocery retail market value forecast: $ billion, 2021-26
- Figure 6: Forces driving competition in the food & grocery retail market in Singapore, 2021
- Figure 7: Drivers of buyer power in the food & grocery retail market in Singapore, 2021
- Figure 8: Drivers of supplier power in the food & grocery retail market in Singapore, 2021
- Figure 9: Factors influencing the likelihood of new entrants in the food & grocery retail market in Singapore, 2021
- Figure 10: Factors influencing the threat of substitutes in the food & grocery retail market in Singapore, 2021
- Figure 11: Drivers of degree of rivalry in the food & grocery retail market in Singapore, 2021
Research Assistance
Download our eBook: How to Succeed Using Market Research
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook