PROSPECTS AND OPPORTUNITIES
New bars/pubs expected to open over the forecast period encouraged by Singapore’s lively nightlife
Over the forecast period, sales through bars/pubs are expected to see strong and stable growth in value and volume terms, driven by the strength of independent bars/pubs category. However, sales through chained bar/pubs are expected to decline, with consumers preferring the charm and unique offerings of independent outlets.
Chained cafés set to benefit from recovery of inbound tourism and the entry of well-known Malaysian brands
Chained cafés are set to benefit from the recovery of inbound tourism, with well-known and well-established brands expected to benefit the most from this. However, despite this positive outlook, dissatisfaction from locals about rising prices are likely to persist and could prevent chained cafés from seeing stronger growth.
Sustainability and health concerns likely to influence demand
Sustainability initiatives are starting to appear within specialist coffee and tea shops, while increasing health-consciousness is having a growing influence on bars/pubs. For example, local brand Prefer launched a ‘bean-free’ coffee made from the fermentation of bread, soybean pulp, and spent barley towards the end of 2023.
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Overview:
Understand the latest market trends and future growth opportunities for the Cafés/Bars industry in Singapore with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Cafés/Bars industry in Singapore, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
The Cafés/Bars in Singapore report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volume and value sizes, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent research methodology, conducted in-country
This report answers:
- What is the market size of Cafés/Bars in Singapore?
- Which are the leading brands in Cafés/Bars in Singapore?
- How are multinational and local operators competing and expanding in Singapore?
- How are consumer lifestyle trends and eating habits shaping Cafés/Bars in Singapore?
- How is the Cafés/Bars industry adapting to a post-COVID-19 market environment? Where are the opportunities amidst the challenges?
- How significant are health considerations in shaping the future of Cafés/Bars in Singapore? Which of these trends hold the greatest potential demand?
- Where is future growth expected to be most dynamic?
Cafés/Bars in Singapore - Category analysis
KEY DATA FINDINGS
Cafés/bars see modest growth against a backdrop of economic uncertainty
Specialist coffee and tea shops benefit from new entrants
Affordability and value remain a key factor behind consumer purchasing decisions
New bars/pubs expected to open over the forecast period encouraged by Singapore’s lively nightlife
Chained cafés set to benefit from recovery of inbound tourism and the entry of well-known Malaysian brands
Sustainability and health concerns likely to influence demand
Consumer Foodservice in Singapore - Industry Overview
Consumer foodservice in 2024: The big picture
2024 key trends
Competitive landscape
Independent foodservice developments
What next for consumer foodservice?
DISCLAIMER
The following categories and subcategories are included:
Cafés/Bars
- Chained Cafés/Bars
- Independent Cafés/Bars
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- Chained Bars/Pubs
- Independent Bars/Pubs
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- Chained Cafés
- Independent Cafés
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- Chained Juice/Smoothie Bars
- Independent Juice/Smoothie Bars
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- Chained Specialist Coffee and Tea Shops
- Independent Specialist Coffee and Tea Shops
Cafés/Bars
This category encompasses all establishments where the focus is on drinking (either alcoholic or non-alcoholic beverages). While a wide variety of snacks and full meals are offered, it is not uncommon for consumers to only order a drink. As a general rule, establishments deriving 50% of their income or more from the sale of drinks are included here.
See all of our definitionsWhy buy this report?
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- Track key industry trends, opportunities and threats
- Inform your marketing, brand, strategy and market development, sales and supply functions
This report originates from Passport, our Cafés/Bars research and analysis database.
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