Singapore Foodservice Market Summary, Competitive Analysis and Forecast to 2029

Foodservice in Singapore industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume 2019-24, and forecast to 2029). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights

– Foodservice is defined as the total value of all food and drink, including on-trade drinks consumed without food, which is intended for immediate consumption either on the premises, in designated eating areas shared with other foodservice operators, or as takeaway transactions involving freshly prepared food for immediate consumption.

– The Singaporean foodservice industry recorded revenues of $10,682.3 million in 2024, representing a compound annual growth rate (CAGR) of 1.9% between 2019 and 2024.

– Industry consumption volume increased with a CAGR of 0.1% between 2019 and 2024, reaching a total of 1,206.2 million transactions in 2024.

– Singapore accounted for 0.6% of the Asia-Pacific foodservice industry in 2024.

Scope

– Save time carrying out entry-level research by identifying the size, growth, and leading players in the foodservice market in Singapore

– Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the foodservice market in Singapore

– Leading company profiles reveal details of key foodservice market players’ global operations and financial performance

– Add weight to presentations and pitches by understanding the future growth prospects of the Singapore foodservice market with five year forecasts by both value and volume

Reasons to buy

- What was the size of the Singapore foodservice market by value in 2024?

- What will be the size of the Singapore foodservice market in 2029?

- What factors are affecting the strength of competition in the Singapore foodservice market?

- How has the market performed over the last five years?

- How large is Singapore’s foodservice market in relation to its regional counterparts?

Companies mentioned

McDonald's Corp

Yum! Brands, Inc.

Starbucks Corp

Doctor’s Associates LLC

Table of Contents

Table of Contents

1 Executive Summary

1.1. Market value

1.2. Market value forecast

1.3. Market volume

1.4. Market volume forecast

1.5. Category segmentation

1.6. Geography segmentation

1.7. Market rivalry

1.8. Competitive landscape

2 Market Overview

2.1. Market definition

2.2. Market analysis

3 Market Data

3.1. Market value

3.2. Market volume

4 Market Segmentation

4.1. Category segmentation

4.2. Geography segmentation

5 Market Outlook

5.1. Market value forecast

5.2. Market volume forecast

6 Five Forces Analysis

6.1. Summary

6.2. Buyer power

6.3. Supplier power

6.4. New entrants

6.5. Threat of substitutes

6.6. Degree of rivalry

7 Competitive Landscape

7.1. Who are the leading players?

7.2. What are the strengths and strategies of the players?

7.3. What are the most recent market developments?

8 Company Profiles

8.1. McDonald's Corp

8.2. Yum! Brands, Inc.

8.3. Starbucks Corp

8.4. Doctor’s Associates LLC

9 Macroeconomic Indicators

9.1. Country data

10 Appendix

10.1. Methodology

10.2. Industry associations

10.3. Related MarketLine research

10.4. About MarketLine

List of Tables

List of Tables

Table 1: Singapore foodservice industry value: $ million, 2019-24

Table 2: Singapore foodservice industry volume: million transactions, 2019-24

Table 3: Singapore foodservice industry category segmentation: % share, by value, 2019-24

Table 4: Singapore foodservice industry category segmentation: $ million, 2019-24

Table 5: Singapore foodservice industry geography segmentation: $ million, 2024

Table 6: Singapore foodservice industry value forecast: $ million, 2024-29

Table 7: Singapore foodservice industry volume forecast: million transactions, 2024-29

Table 8: McDonald's Corp: Key Facts

Table 9: McDonald's Corp: Annual Financial Ratios

Table 10: McDonald's Corp: Key Employees

Table 11: Yum! Brands, Inc.: Key Facts

Table 12: Yum! Brands, Inc.: Annual Financial Ratios

Table 13: Yum! Brands, Inc.: Key Employees

Table 14: Starbucks Corp: Key Facts

Table 15: Starbucks Corp: Annual Financial Ratios

Table 16: Starbucks Corp: Key Employees

Table 17: Starbucks Corp: Key Employees Continued

Table 18: Doctor’s Associates LLC: Key Facts

Table 19: Doctor’s Associates LLC: Key Employees

Table 20: Singapore Size of Population (Million), 2020-24

Table 21: Singapore Real GDP (Constant 2010 Prices, $ Billion), 2020-24

Table 22: Singapore GDP (Current Prices, $ Billion), 2020-24

Table 23: Singapore Inflation, 2020-24

Table 24: Singapore Consumer Price Index (Absolute), 2020-24

Table 25: Singapore Exchange Rate, 2019-24

List of Figures

List of Figures

Figure 1: Singapore foodservice industry value: $ million, 2019-24

Figure 2: Singapore foodservice industry volume: million transactions, 2019-24

Figure 3: Singapore foodservice industry category segmentation: $ million, 2019-24

Figure 4: Singapore foodservice industry geography segmentation: % share, by value, 2024

Figure 5: Singapore foodservice industry value forecast: $ million, 2024-29

Figure 6: Singapore foodservice industry volume forecast: million transactions, 2024-29

Figure 7: Forces driving competition in the foodservice industry in Singapore, 2024

Figure 8: Drivers of buyer power in the foodservice industry in Singapore, 2024

Figure 9: Drivers of supplier power in the foodservice industry in Singapore, 2024

Figure 10: Factors influencing the likelihood of new entrants in the foodservice industry in Singapore, 2024

Figure 11: Factors influencing the threat of substitutes in the foodservice industry in Singapore, 2024

Figure 12: Drivers of degree of rivalry in the foodservice industry in Singapore, 2024

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