PROSPECTS AND OPPORTUNITIES
CDC vouchers to drive footfall and value-led promotions
As the Singapore government continues to mitigate the burden of rising living expenses, the Community Development Council (CDC) voucher scheme has emerged as a valuable tool for households. These vouchers can be used at foodservice outlets, supermarkets, and neighbourhood retailers, granting flexibility in purchasing daily necessities.
Steady expansion of supermarket outlets in new-population towns
Supermarkets in Singapore operate in a relatively mature retail landscape, where a dense population and stable economic conditions often dictate purchase volumes. Retail sales in this channel have historically aligned with factors such as inflationary pressures and population growth, suggesting that a consistent baseline of demand will likely persist.
Players to prioritise sustainability and cost-efficiency in a challenging economy
Sustainability is taking centre stage within Singapore’s supermarkets. The introduction of the plastic bag charge marked a significant milestone.
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Overview:
Understand the latest market trends and future growth opportunities for the Supermarkets 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 Supermarkets 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 Supermarkets 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 Supermarkets in Singapore?
- Which are the leading retailers in Supermarkets 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?
Supermarkets in Singapore - Category analysis
KEY DATA FINDINGS
Supermarkets retains leadership of grocery retail in 2024
Growing appeal of private label among cost-conscious consumers
Scarlett Supermarket builds national presence with aggressive expansion
CDC vouchers to drive footfall and value-led promotions
Steady expansion of supermarket outlets in new-population towns
Players to prioritise sustainability and cost-efficiency in a challenging economy
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
Supermarkets
Supermarkets are chained or independent retail outlets with a selling space of between 400 and 2,500 square metres and with a primary focus on selling food/beverages/tobacco and other groceries. Supermarkets may also sell a selection of non-groceries, but the product mix is skewed towards grocery items. Example brands include Casino, Kroger, and Tesco. Exception: In some markets, primarily the US, Australia and Hong Kong, there are grocery retailer brands that operate outlets with a selling space of over 2,500 square metres, but offer only a very limited range of non-grocery merchandise or none at all. These brands are included in Supermarkets.
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 Supermarkets research and analysis database.
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