In 2023, NTUC FairPrice had a ** percent share of the food retail market in Singapore, making it the largest food retailer in the country. NTUC FairPrice operates several popular supermarkets and convenience store chains, such as FairPrice and Cheers.

The Singapore Online Grocery Market size is estimated to grow at a CAGR of around 8.98% during the forecast period 2024-30. Lazada Group, Fair Price Online, Shopee, Cold Storage Online, Others are the top companies in the Singapore Online Grocery Market.

The statistic presents the market size of traditional and modern grocery retail in Singapore in 2016. In the period examined, the modern grocery retail market was valued at approximately **** billion U.S. dollars, more than twice as much as the traditional food retail market.

The Singapore Ready-To-Eat Meals Market Report is Segmented by Product Type (Instant Breakfast/Cereals, Instant Soups and Snacks, Ready Meals, Baked Goods, Meat Products, and Other Product Types) and Distribution Channel (Supermarkets/Hypermarkets, Convenience/Grocery Stores, Specialty Stores, Online Retail Stores, and Other Distribution Channels). The Market Forecasts are Provided in Terms of Value (USD).

The Singapore retail market, valued at approximately $XX million in 2025, exhibits robust growth potential, projected to expand at a CAGR exceeding 3.00% from 2025 to 2033. This growth is fueled by several key drivers. Firstly, Singapore's thriving economy and rising disposable incomes contribute significantly to increased consumer spending. Secondly, the burgeoning e-commerce sector, driven by increasing internet penetration and smartphone adoption, offers significant opportunities for retailers to expand their reach and customer base. Furthermore, the government's initiatives to promote innovation and technological advancements within the retail landscape further encourage growth. However, the market faces challenges such as escalating rental costs, intense competition, and shifting consumer preferences towards sustainable and ethical products. Segmentation analysis reveals that the food and beverage sector holds a considerable market share, followed by personal and household care, with e-commerce emerging as a dominant distribution channel. Key players like Japan Foods Holding Ltd, Sheng Siong Group Ltd, and Dairy Farm International Holdings are strategically positioning themselves to capitalize on these trends. The segmentation by product category reveals diverse growth trajectories. While the food and beverage segment benefits from consistent demand, the apparel, footwear, and accessories sector experiences fluctuations based on fashion trends and consumer sentiment. The furniture, toys, and hobby segments are showing promising growth linked to evolving lifestyle preferences. The electronic and household appliance sector's performance is tied to technological innovation and economic conditions. Within distribution channels, the dominance of e-commerce is undeniable, though traditional channels like supermarkets and hypermarkets continue to play a vital role, particularly for grocery and daily essentials. The success of individual companies will hinge on their ability to adapt to these dynamic market forces, embracing digital technologies, focusing on customer experience, and offering innovative products and services. Recent developments include: In April 2021, Singapore homegrown retailer Naiise has shut down after struggling to survive through the pandemic, with its owner Dennis Tay filing for personal bankruptcy.. Notable trends are: Upgrading Technology is Helping the Market to Record More Revenues.

The Singapore ready-to-eat food market is projected to grow at a CAGR of 2.85% during the forecast period (2025-2033), reaching a market size of XX million by 2033. This growth is attributed to the increasing demand for convenience food products due to the busy lifestyles of consumers and the proliferation of online delivery services. The growing popularity of instant breakfast/cereals, instant soups and snacks, and ready meals is further driving the market growth. Key players in the market include Nestle SA, McCain Foods, and Prima Food Pte Ltd (Prima Taste). The distribution of ready-to-eat food products in Singapore is primarily through hypermarkets/supermarkets, convenience/grocery stores, and specialty stores. These distribution channels offer a wide variety of products to meet the diverse needs of consumers. Online retail stores are also gaining traction as more consumers prefer the convenience of home delivery. However, the market is expected to face challenges due to intense competition, rising raw material costs, and changing consumer preferences. Manufacturers are responding to these challenges by introducing innovative products, expanding their distribution channels, and investing in research and development to meet the evolving demands of the market.

Singapore's ready-to-eat food market is highly fragmented, with a large number of small and medium-sized businesses. However, there are a few large players that dominate the market, such as Nestle, Prima Food, and OTS Holdings. These companies have a strong brand presence and distribution networks, which gives them a competitive advantage. The market is characterized by a high level of innovation, as companies are constantly developing new products to meet the changing needs of consumers. These new products often incorporate the latest trends in health and wellness. The market is also subject to a number of regulations, which are designed to ensure the safety and quality of food products. These regulations include the Food Act, the Sale of Food Act, and the Weights and Measures Act. Product substitutes are another important factor to consider in the ready-to-eat food market. There are a number of products that can be substituted for ready-to-eat meals, such as soups, sandwiches, and salads. These products are often cheaper and more convenient than ready-to-eat meals, which can limit the growth of the market. The level of M&A in the ready-to-eat food market is relatively low. This is due to the fact that the market is highly fragmented and there are few large players. However, there have been some notable M&A transactions in recent years, such as the acquisition of Health Food Matters by Slect Group Pte Ltd in 2021. Recent developments include: June 2022: OTS Holdings Limited, a brand builder and food manufacturing group, launched a plant-based, ready-to-eat food brand ANEW that aims to deliver quality, nutrition, and convenience to consumers with a taste of heritage., September 2021: Nissin Foods Singapore launched the new Nissin X IRVINS Salted Egg Instant Noodle Bowl in collaboration with the salted egg snack expert IRVINS. The instant noodle features classic mee pork noodles with salted egg seasoning, spring onion, and egg crumbs., May 2021: Impossible Foods launched its first ready-to-eat Impossible Burger across more than 300 7-Eleven stores in Singapore, becoming the first plant-based meat manufacturer to offer a ready-to-eat product in the country.. Key drivers for this market are: Rising Demand For Ready Meals Food Products to Influence Growth, Increasing Demand for Organic and Vegan Ready-to-Eat food products.. Potential restraints include: Rising Concern Over Health Issues Associated with Processed Foods. Notable trends are: Demand Surge for Convenient and Healthy Food.

The Retail In Singapore Market report segments the industry into By Product (Food And Beverage, Personal And Household Care, Apparel, Footwear, And Accessories, Furniture, Toys, And Hobby, Electronic And Household Appliances, Other Products) and By Distribution Channel (Hypermarkets, Supermarkets, And Convenience Stores, Specialty Stores, Department Stores, E-Commerce, Other Distribution Channels).

The Singapore Foodservice Market report segments the industry into Foodservice Type (Cafes & Bars, Cloud Kitchen, Full Service Restaurants, Quick Service Restaurants), Outlet (Chained Outlets, Independent Outlets), and Location (Leisure, Lodging, Retail, Standalone, Travel). The report covers market size in Value in USD, forecasts up to 2030, and analysis of growth prospects.

The size of the Singapore Food Service Market was valued at USD XX Million in 2023 and is projected to reach USD XXX Million by 2032, with an expected CAGR of 3.11% during the forecast period. The Singaporean food service industry includes a range of dining options such as cafes, bars, cloud kitchens, full-service restaurants, and quick-service restaurants, all of which cater to the diverse tastes of Singaporean diners. The market is fueled by the nation's quick way of living, substantial disposable incomes, and a robust culture of eating out. Important developments include the increase of ghost kitchens and delivery options, showcasing the increasing need for convenience. The market is divided based on type (chained and independent outlets) and location (leisure, lodging, retail, standalone, travel). Recent advancements are showcasing substantial spending in digital transformation, like the utilization of ordering kiosks and robots in kitchens to improve productivity and customer satisfaction.In general, the Singapore Food Service Market is set to experience significant growth, fueled by changing consumer tastes and advancements in technology. Recent developments include: May 2023: Starbucks inaugurated the latest rustic finish store in Bird Paradise, and the structure of the store is designed like a wooden hut.April 2023: Starbucks introduced a range of limited-edition food and beverages, which include summer special drinks, treats, and sweets.April 2023: Taster Food Pte Ltd introduced new Kit Kat Chocolate Lava buns, available in all stores in Singapore.. Key drivers for this market are: The Rising Awareness of the Health Benefits Associated with Collagen Consumption, Rising Sport and Fitness Trends Drives the Market Growth. Potential restraints include: Concerns over the Source and Animal Welfare in Collagen Extraction Limit the Market Growth. Notable trends are: Quick service restaurants accounted for the major share of the market attributed to the increased preference for fast-food among consumers.

Significant fluctuations are estimated for all segments over the forecast period for the online revenue share. Only for the segment Online, a significant increase can be observed over the forecast period. Here, the online revenue share exhibits a difference of **** percent between 2023 and 2029. Find further statistics on other topics such as a comparison of the average volume per capita in Belgium and a comparison of the volume in the world. The Statista Market Insights cover a broad range of additional markets.

In 2024, online sales made up **** percent of total sales in supermarkets and hypermarkets. This was a slight increase compared to the previous year, though still below pandemic levels.

Singapore Retail Market size was valued at USD 35.8 Billion in 2024 and is projected to reach USD 60.6 Billion by 2032, growing at a CAGR of 6.8% from 2026 to 2032.

Key Market Drivers Digital Transformation and E-commerce Growth: The rapid digitalization of Singapore's retail sector is a significant driver of market growth. With high internet penetration and a tech-savvy population, e-commerce platforms have become central to retail strategies. According to the Singapore Department of Statistics, e-commerce sales in Singapore grew by 32.4% between 2020 and 2022, reaching SGD 6.7 billion in total online retail sales. The Ministry of Trade and Industry confirmed that digital retail channels now account for approximately 22.5% of total retail transactions, a significant increase from 12.3% in 2019.

The size of the Plant-Based Food and Beverage Industry in Singapore market was valued at USD XX Million in 2023 and is projected to reach USD XXX Million by 2032, with an expected CAGR of 6.97% during the forecast period. The plant-based food and beverage industry focuses on products made from plants, excluding animal-derived ingredients. This sector has gained significant traction due to increasing consumer awareness of health, environmental sustainability, and ethical concerns related to animal welfare. Plant-based foods include a variety of products such as fruits, vegetables, grains, legumes, nuts, and seeds, as well as processed items like plant-based meat substitutes, dairy alternatives, and plant-based snacks. This industry encompasses a wide range of offerings, including plant-based milks (e.g., almond, soy, and oat milk), meat alternatives (e.g., veggie burgers, plant-based sausages), and dairy substitutes (e.g., cashew cheese, coconut yogurt). Companies in this sector use innovative technologies to create products that mimic the taste, texture, and nutritional profile of traditional animal-based foods while reducing the environmental impact associated with livestock farming. The plant-based food and beverage industry is driven by trends toward healthier eating, increased veganism and vegetarianism, and a growing desire for sustainable and eco-friendly food options. As the industry evolves, there is a continued focus on improving product taste, texture, and nutritional value, while expanding market reach through greater availability and variety of plant-based options in grocery stores and restaurants. Recent developments include: In July 2021, MAD Foods a Singapore-based brand unveiled "MAD coffee" a debut range of oat milk cold brew coffee which is 100% plant-based in the Singapore market., in May 2022, Hoshay Food which is s Singapore-based company declared its new range of plant-based food products pertaining to different cuisine for the Singapore market., In November 2020, Quorn expanded its home delivery service in Singapore with a range of meatless dim sum items, as the brand positions itself in the fast-growing Asian plant-based market. It initially launched its delivery service with Singapore's largest grocery e-commerce RedMart in September 2020.. Key drivers for this market are: Health Benefits Promoting Apple Cider Vinegar Demand, Unfiltered Apple Cider Vinegar Being Popular. Potential restraints include: Rising Demand for Other Vinegar Types. Notable trends are: Inclination Towards Vegan Food Products.

Snapshot img

Singapore Ready-To-Eat (RTE) Food Market Size 2025-2029

The Singapore ready-to-eat (rte) food market size is forecast to increase by USD 129 million at a CAGR of 2.6% between 2024 and 2029.

The market is witnessing significant growth, driven by the increasingly busy lifestyles of consumers. The convenience offered by RTE food products resonates strongly with the population, particularly those with hectic schedules. Another key trend fueling market expansion is the growing prevalence of e-commerce. As more consumers opt for online shopping, the accessibility and ease of purchasing RTE food items have increased. However, market participants face challenges in navigating stringent regulations on food and beverage production and sales. Ensuring compliance with these regulations can be costly and time-consuming, potentially impacting profitability. Companies must invest in robust quality control systems and maintain transparency to build consumer trust and adhere to regulatory requirements. To capitalize on market opportunities and effectively address challenges, strategic planning and operational agility are essential for success in the Singaporean RTE food market.

What will be the size of the Singapore Ready-To-Eat (RTE) Food Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
Request Free Sample

The market continues to evolve, driven by various factors including consumer preferences, food safety regulations, and technological advancements. Shelf-life studies and crisis management protocols are essential for ensuring product safety and minimizing waste. Supply chain traceability and production line efficiency are crucial for maintaining quality control metrics and reducing microbial load. Sustainable food production and waste management strategies are gaining importance, with an increasing focus on enzyme activity assays and microbial contamination reduction. Market segmentation analysis and product labeling standards are key to effective recipe formulation and product differentiation. HACCP implementation, GMP compliance, and pricing strategies are integral to risk management and ensuring regulatory compliance. Ingredient sourcing and environmental impact assessment are becoming increasingly important in the context of consumer behavior insights and the evolving food landscape. For instance, the RTE food market in Singapore is projected to grow by 5% annually, driven by these factors and the ongoing development of new technologies and production methods. (Source: Euromonitor International)

How is this Singapore Ready-To-Eat (RTE) Food Market segmented?

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Distribution Channel

Offline Online

Product

Frozen Ready-to-heat Ready-to-cook

Product Type

Poultry/meat Vegetable based Cereal based

Geography

APAC

Singapore

By Distribution Channel Insights

The offline segment is estimated to witness significant growth during the forecast period.

The market exhibits dynamic trends, with offline distribution channels holding a significant share due to consumer preferences for tangible product assessment and trust in authenticity. Traditional retailers employ various marketing strategies, such as in-store promotions, product sampling, and displays, which can significantly impact purchase decisions. Demand forecasting models and inventory management systems ensure efficient stocking of RTE foods, while food safety protocols and microbial inactivation methods maintain product quality and safety. Shelf-life extension through packaging material science and modified atmosphere packaging, as well as energy efficiency measures, contribute to the industry's sustainability and growth. Food processing optimization, thermal processing kinetics, and high-pressure processing enhance product consistency and texture profile analysis caters to consumer preferences.

Chemical preservation methods and pasteurization techniques ensure product longevity, while sensory evaluation metrics and nutritional content analysis cater to health-conscious consumers. Food traceability systems and supply chain management maintain transparency and efficiency, reducing food waste and ensuring timely delivery. Industry growth is expected to reach 5% annually, with innovations in food processing optimization, energy efficiency measures, and consumer preference mapping driving market expansion. For instance, a leading RTE food manufacturer reported a 10% increase in sales due to the introduction of a new, health-conscious product line.

Request Free Sample

Market Dynamics

Our researchers analyzed the data with 2024 as the base year

The revenue in the food market in Singapore was forecast to continuously increase between 2025 and 2030 by in total *** billion U.S. dollars (+***** percent). After the ninth consecutive increasing year, the revenue is estimated to reach ** billion U.S. dollars and therefore a new peak in 2030. Notably, the revenue of the food market was continuously increasing over the past years.Find further information concerning Indonesia and Vietnam. The Statista Market Insights cover a broad range of additional markets.

Verdict Retail’s, "Retail Sales of Food and Drinks Specialists in Singapore: Market Size, Growth and Forecast to 2020" provides detailed historic and forecast statistics on retail sales from 2010 to 2020 taking place at "Food and Drinks Specialists" for each category at segment level. However, delivered wholesale sales are not included. The segment level analytics are provided for the following product categories: Food and grocery Verdict Retail categorizes "Food and Drinks Specialists" as channel which includes Bakers, Butchers, Delicatessens, Drinks specialists, Fishmongers, Green grocers, and Single Channel stores (e.g. stores selling only cheese, or only olives, or only honey). Tobacconists (tobacco specialists) are also included in this channel. "Retail Sales of Food and Drinks Specialists in Singapore: Market Size, Growth and Forecast to 2020" report is the result of Verdict Retail’s extensive market research covering the retail industry in Singapore. The report acts as an essential tool for companies active across the Singapore’s retail industry and for new players considering entering the market. The comprehensive statistics within the report provides insight into the operating environment of the market and also ensures right business decision making based on historical trends and industry model based forecasting. This is an on-demand report and will be delivered within 2 working days (excluding weekends) of the purchase. Read More

The Singapore Plant-Based Food and Beverages Market size was valued at USD 130 Million in the year 2024, and it is expected to reach USD 223.36 Million in 2032, at a CAGR of 7% over the forecast period of 2026 to 2032.Key Market Driver:Health and Wellness consciousness: Singapore's strong emphasis on health and wellness is propelling plant-based adoption. According to the Health Promotion Board, 68% of Singaporeans are actively seeking healthier food alternatives by 2023, with plant-based options being the most popular. Between 2020 and 2023, government campaigns promoting healthy eating helped increase consumer awareness of plant-based benefits by 45%.

In 2024, the Singaporean baby food market increased by 0.3% to $56M, rising for the third year in a row after seven years of decline. In general, consumption, however, saw a pronounced contraction. As a result, consumption reached the peak level of $84M. From 2015 to 2024, the growth of the market remained at a somewhat lower figure.

The Singapore Plant-Based Food And Beverages Market report segments the industry into By Product Type (Meat Substitutes, Dairy Alternative Beverages, Non-dairy Cheese, Non-dairy Yogurt, Non-dairy Ice Cream, Non-dairy Spreads, Other Plant-Based Products) and By Distribution Channel (Supermarkets/Hypermarkets, Convenience Stores, Online Retail Stores, Other Distribution Channels).

The Singapore ready-to-eat (RTE) food market, valued at approximately $XX million in 2025, is projected to experience steady growth, driven by factors such as increasing disposable incomes, busy lifestyles favoring convenience, and a growing preference for healthier meal options. The market's Compound Annual Growth Rate (CAGR) of 2.85% from 2025 to 2033 reflects a consistent demand for RTE foods across various segments. Key drivers include the rising popularity of instant breakfast cereals and soups, coupled with the expanding ready-meal segment catering to time-constrained individuals and families. The convenience offered by online retail channels is further fueling market expansion, although traditional supermarkets and convenience stores remain dominant distribution channels. However, potential restraints include increasing health concerns regarding processed food ingredients and rising prices impacting consumer spending. The market is segmented by product type (instant breakfast/cereals, instant soups and snacks, ready meals, baked goods, meat products, others) and distribution channel (hypermarkets/supermarkets, convenience/grocery stores, specialty stores, online retail stores, others). Competition is fierce, with established multinational players like PepsiCo, Nestle, Kellogg's, and General Mills alongside local and regional brands vying for market share. The market's future trajectory will depend on the success of brands in innovating with healthier and more sustainable RTE options while adapting to changing consumer preferences and economic conditions. The significant presence of both international food giants and local Singaporean companies highlights a dynamic market landscape. The success of local brands points to opportunities for tailored products catering to specific local tastes and preferences. Furthermore, the growing interest in healthier and more sustainable food choices creates opportunities for brands offering organic, plant-based, or ethically sourced RTE products. The expansion of e-commerce platforms creates opportunities for smaller brands to reach a wider customer base. Understanding and adapting to evolving consumer preferences, particularly regarding health, convenience, and sustainability, will be crucial for brands to navigate the future of the Singapore RTE food market successfully. Future growth will likely be fueled by increasing demand for diverse and innovative RTE meals that cater to evolving lifestyles and dietary trends in Singapore. Recent developments include: June 2022: OTS Holdings Limited, a brand builder and food manufacturing group, launched a plant-based, ready-to-eat food brand ANEW that aims to deliver quality, nutrition, and convenience to consumers with a taste of heritage., September 2021: Nissin Foods Singapore launched the new Nissin X IRVINS Salted Egg Instant Noodle Bowl in collaboration with the salted egg snack expert IRVINS. The instant noodle features classic mee pork noodles with salted egg seasoning, spring onion, and egg crumbs., May 2021: Impossible Foods launched its first ready-to-eat Impossible Burger across more than 300 7-Eleven stores in Singapore, becoming the first plant-based meat manufacturer to offer a ready-to-eat product in the country.. Notable trends are: Demand Surge for Convenient and Healthy Food.