Singapore - The Future of Foodservice to 2024

Singapore - The Future of Foodservice to 2024

Published: December 2020
Publisher: GlobalData
Product ref: 320034
Pages: 126
Format: PDF
Delivery: By product vendor

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Summary

"Singapore - The Future of Foodservice to 2024” published by GlobalData provides extensive insight and analysis of the Singaporean Foodservice market over the next five years (2019-2024) and acts as a vital point of reference for operators or suppliers. The report includes:

The Singaporean profit sector has grown at a CAGR of 5.4% from 2014-2019, with the market becoming increasingly attractive for international investment and operators. The Singaporean government’s favorable policies for doing business have fostered an advanced business environment in the city. Also, the stable political and legal environment in the country is conducive to low risk. The country is moreover revered as an example of free-market economic success. As such, growth across all profit sector channels are primarily attributed to rising transaction numbers as well as expansion in outlets.

Overview of Singapore's macro-economic landscape: Detailed analysis of current macro-economic factors and their impact on Singapore's foodservice market including GDP per capita, consumer price index, population growth and annual household income distribution.

Growth dynamics: In-depth data and forecasts of key channels (QSR, FSR and Pubs, Clubs and Bars) within Singapore's foodservice market, including the value of the market, number of transactions, number of outlets and average transaction price.

Customer segmentation: identify the most important demographic groups, buying habits and motivations that drive out-of-home meal occasions among segments of the Singaporean population.

Key players: Overview of market leaders within the four major channels including business descriptions and number of outlets.

Scope

• QSR represents the largest foodservice channel in Singapore, generating revenue of SGD5 billion in 2019 (or a 38.2% share of the overall profit sector).
• An increase in employment and rising disposable incomes are the key drivers of domestic consumption. In addition, expanding middle class and growing urban population will further boost the overall domestic consumption thereby aiding GDP growth.
• Currently, the channel is dominated by chain operators, which account for 95% of outlets. Moreover, consumers cite a general preference for chain operators, which further accounted for 62% of outlets.

Reasons to Buy

• Specific forecasts of the foodservice market over the next five years (2019-2024) will give readers the ability to make informed business decisions through identifying emerging/declining markets.
• Consumer segmentation detailing the desires of known consumers among all major foodservice channels (QSR, FSR and Pubs, Clubs and Bars) will allow readers understand the wants and needs of their target demographics.

Price: $4995.00

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Related research categories

By sector: Catering (in Foodservice/Catering)

By market: Singapore (in Asia)


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