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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Singapore Retail Market Growth
The market growth is led by supermarkets and hypermarkets as more traditional forms of distribution channels.
In Singapore, supermarkets and hypermarkets are typically retail stores that offer various products in the same place, ranging from foods, beverages, personal household care products, and consumer electronics and boost the growth of the Singapore retail market. Consumers appreciate the convenience of one-stop shopping, competitive pricing, and promotions offered by supermarkets and hypermarkets. Retailers like supermarkets also prioritize superior customer service and provide services like loyalty programs and home delivery.
Singapore Retail Market Report Snapshots
Singapore Retail Market Growth
Singapore Retail Market Trends
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The market was valued at USD 36.25 billion in 2023.
The market is projected to grow at a CAGR of 3.70% between 2024 and 2032.
The revenue generated from the retail market is expected to reach USD 50.27 billion in 2032.
Based on product, the retail market is split into food, beverage, and grocery, personal and household care, apparel, footwear, and accessories, furniture and home décor, electronic and household appliances and others.
The retail market key players are CK Hutchison Holdings Limited (Watsons), Japan Foods Holding Ltd., Alibaba Group Holding Ltd. (Redmart), DFI Retail Group Holdings Limited, Sheng Siong Group Ltd., Crayon Holdings Pte Ltd., NTUC FairPrice Co-operative Limited, QAF Ltd., Stars Supermarket Pte Ltd., Amnesty Pte Ltd., and others.
Based on the distribution channel, the market is split into supermarkets and hypermarkets, convenience stores, speciality stores, online and others.
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