PROSPECTS AND OPPORTUNITIES
Rising costs could threaten hawkers as affordable dining initiatives gain momentum
Hawkers in Singapore are struggling with rising operational costs, including higher rent, wages, and ingredient prices. At the same time, consumers are seeking more affordable dining options because of the rising cost of living, contributing to the rise of budget meal initiatives and the expansion of prominent hawker-style chains.
Digital payments set to become more accessible within street stalls/kiosks
The adoption of digital payments by Singapore’s hawker centres has increased significantly, driven by hygiene concerns during the COVID-19 pandemic and by the government’s Smart Nation initiative and the Hawkers Go Digital initiative. To support the adoption of digital payment methods, the government also extended its subsidy scheme until the end of 2024, which waives the 0.
Players may need to offer healthier options in response to new labelling requirements
As part of Singapore’s health and wellness drive, all outlets selling freshly prepared drinks were required to display Nutri-Grade labels by the end of 2023, showing the sugar content of drinks and toppings. As of 30 December 2023, all street stalls/kiosks in Singapore selling freshly prepared drinks such as juices, smoothies, bubble tea, and coffee were required to display Nutri-Grade labels on both their physical and online menus.
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Overview:
Understand the latest market trends and future growth opportunities for the Street Stalls/Kiosks 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 Street Stalls/Kiosks 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 Street Stalls/Kiosks 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 Street Stalls/Kiosks in Singapore?
- Which are the leading brands in Street Stalls/Kiosks in Singapore?
- How are multinational and local operators competing and expanding in Singapore?
- How are consumer lifestyle trends and eating habits shaping Street Stalls/Kiosks in Singapore?
- How is the Street Stalls/Kiosks 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 Street Stalls/Kiosks in Singapore? Which of these trends hold the greatest potential demand?
- Where is future growth expected to be most dynamic?
Street Stalls/Kiosks in Singapore - Category analysis
KEY DATA FINDINGS
A positive year for independent street stalls/kiosks with hawker centres at the heart of the local dining culture
Singapore attracts international operators while existing chains exit the market
Rising cost of living drives demand for affordable and value-driven dining options
Rising costs could threaten hawkers as affordable dining initiatives gain momentum
Digital payments set to become more accessible within street stalls/kiosks
Players may need to offer healthier options in response to new labelling requirements
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:
Street Stalls/Kiosks
- Chained Street Stalls/Kiosks
- Independent Street Stalls/Kiosks
Street Stalls/Kiosks
Small, sometimes mobile, foodservice providers characterised by a limited product offering and by low prices. Includes street stalls, street hawkers and foodservice kiosks where food is prepared in some way and served through a hatch or over a display counter to take away. Also includes kiosks and carts located externally or internally eg in shopping malls etc. As a rule, street stalls/kiosks outlets tend to be smaller than 100% home delivery/takeaway outlets, while menus are more limited, often (though certainly not always) with a greater emphasis on snack items, rather than full meals.
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 Street Stalls/Kiosks research and analysis database.
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