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Singapore - The Future of Foodservice to 2024

Singapore - The Future of Foodservice to 2024

  • Publish Date:December 2020

  • Number of Pages:126

  • Report ID:5082241

  • Format:PDF

  • Publisher:GlobalData

$ 4995

Summary

Singapore - The Future of Foodservice to 2024

Summary
"Singapore - The Future of Foodservice to 2024” published 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.

Table of contents

Introduction
Report Guide
Executive Summary
Macroeconomic Context
Macroeconomic overview
Demographic highlights
Monthly 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 & Tea shop
Summary and key take-out
Metrics
Key players
Key consumers
Why?
What?
Where?
What next?
Pub, club & bar
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

Companies Mentioned
- McDonald's Corporation
- Chang Cheng Group Pte Ltd.
- Restaurant Brands International
- Yum! Brands
- Doctor's Associates Inc.
- Starbucks Coffee Singapore Pte. Ltd.
- BreadTalk Group Ltd. - Toast Box
- The Coffee Bean & Tea Leaf
- Royal T Group Pte Ltd

Methodology

Our market research methodology is designed to provide the clients with comprehensive and accurate information on various industries and markets. It includes data collection, primary interviews, macro-economic factor analysis, country-level data analysis etc.

The data is gathered from a wide range of sources, including industry reports, government statistics, and company financials. This data is then analyzed and cross-referenced to ensure its accuracy and reliability. Next, primary interviews are conducted with industry experts and key stakeholders to gather their insights and perspectives on the market. This information is then combined with the data collected to provide a complete picture of the market. Macro-economic factor analysis is also carried out to understand the impact of external factors on the market. Finally, country-level data analysis is performed to understand the market dynamics in specific regions and countries.

Reportlinker's market research methodology is designed to provide clients with a clear understanding of the market, its trends, and its future potential.