Singapore Downstream F&B: Mass-market F&B set to sizzle

Eating is both a cultural and social activity in Singapore, so much so that the country’s F&B sales is worth approximately S$8.3 billion each year, or S$700 million per month! This number is only set to grow by a CAGR of 2.1% up to 2023 with changing lifestyle preferences, affluence levels and eating habits.

Our analysts took a deep dive exploring the F&B business environment in Singapore, and identified critical areas that businesses at different lifecycles should focus on in order to thrive in this lucrative, yet ever changing landscape.