PROSPECTS AND OPPORTUNITIES
Urban planning influences outlook for local grocers
Most small local grocers in Singapore are situated in or near wet markets located within residential estates. These grocers typically specialise in fresh produce, such as vegetables, fruits, seafood, poultry and pork, sourced locally or imported from neighbouring countries.
Upward price trends likely to persist
According to data published annually by the Singapore Department of Statistics, prices for key grocery items continued their upward climb in 2024. Meats such as chicken wings and fish, along with staple vegetables like potatoes, recorded the most significant increases.
Small local grocers inhabit niche among loyal customers
Although the outlook for small local grocers in Singapore remains positive in certain respects, they will inevitably continue to face intense competition from convenience stores, supermarkets and the rapidly expanding segment of retail e-commerce. Being a compact, densely populated city-state, Singapore offers its residents extensive access to modern grocery options, all of which benefit from brand visibility, extensive product selections and robust supply chains.
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Overview:
Understand the latest market trends and future growth opportunities for the Small Local Grocers 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 Small Local Grocers 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 Small Local Grocers 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 Small Local Grocers in Singapore?
- Which are the leading retailers in Small Local Grocers in Singapore?
- How is the rise of e-commerce and the expansion of modern grocery retail impacting traditional retail?
- How has the impact of COVID-19 and national lockdown impacted consumer demand?
- Which formats have benefited the most from stockpiling and enforced home seclusion?
- How will the wider economic impact of COVID-19 shape the retail landscape in the future?
- Where is future growth expected to be most dynamic?
Small Local Grocers in Singapore - Category analysis
KEY DATA FINDINGS
Mama shops see slowed sales growth in 2024
Cost pressures weigh heavily on small local grocers
Cashless payment adoption supports digital transition
Urban planning influences outlook for local grocers
Upward price trends likely to persist
Small local grocers inhabit niche among loyal customers
Retail in Singapore - Industry Overview
Retail in 2024: the big picture
Experiential retail as key focus as retailers look to redefine the role of the store
Artificial intelligence drives development
What next for retail?
Informal retail
Opening hours for physical retail
Seasonality
Lunar New Year
Hari Raya Aidilfitri (or Hari Raya Puasa)
Christmas and New Year
DISCLAIMER
Small Local Grocers
Small local grocers are mostly independent retail outlets (with a selling space of under 400 square metres), kiosks, market stalls or street vendors, owned by families and/or run on an individual basis, and with a primary focus on selling food/beverages/tobacco and other groceries. Small local grocers also includes ethnic grocery stores that specialize in foreign brands and food types, health food stores, confectioners/newsagents/tobacconists (CTNs), food & drink souvenir stores, legally registered mobile shops that are run out of a truck, and regional specialty stores. Retail sales from farmers markets, farms, vineyards, or similar producers are also included in small local grocers. Outlets located within wet markets in Southeast Asia (often located in government-owned multi-story buildings) should be counted as separate outlets.
See all of our definitionsWhy buy this report?
- Gain competitive intelligence about market leaders
- 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 Small Local Grocers research and analysis database.
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