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Market Growth

Singapore Retail Market Size, Share, Trends, Report, Growth: By Product: Food, Beverage, and Grocery, Personal and Household Care, Apparel, Footwear, and Accessories, Furniture and Home Décor, Electronic and Household Appliances, Others; By Distribution Channel: Supermarkets and Hypermarkets, Others; Competitive Landscape; 2024-2032

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 Size

Singapore Retail Market Growth

Singapore Retail Market Trends

Singapore Retail Market Share

Singapore Retail Companies

 

*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.

1    Preface  
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers    
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Market Snapshot
7    Opportunities and Challenges in the Market
8    Asia Pacific Retail Market Overview

    8.1    Key Industry Highlights
    8.2    Asia Pacific Retail Historical Market (2018-2023) 
    8.3    Asia Pacific Retail Market Forecast (2024-2032)
9    Singapore Retail Market Overview
    9.1    Key Industry Highlights
    9.2    Singapore Retail Historical Market (2018-2023) 
    9.3    Singapore Retail Market Forecast (2024-2032)
10    Singapore Retail Market by Product
    10.1    Food, Beverage, and Grocery
        10.1.1    Historical Trend (2018-2023)
        10.1.2    Forecast Trend (2024-2032)
    10.2    Personal and Household Care
        10.2.1    Historical Trend (2018-2023)
        10.2.2    Forecast Trend (2024-2032)
    10.3    Apparel, Footwear, and Accessories
        10.3.1    Historical Trend (2018-2023)
        10.3.2    Forecast Trend (2024-2032)
    10.4    Furniture and Home Décor
        10.4.1    Historical Trend (2018-2023)
        10.4.2    Forecast Trend (2024-2032)
    10.5    Electronic and Household Appliances
        10.5.1    Historical Trend (2018-2023)
        10.5.2    Forecast Trend (2024-2032)
    10.6    Others
11    Singapore Retail Market by Distribution Channel
    11.1    Supermarkets and Hypermarkets
        11.1.1    Historical Trend (2018-2023)
        11.1.2    Forecast Trend (2024-2032)
    11.2    Convenience Stores
        11.2.1    Historical Trend (2018-2023)
        11.2.2    Forecast Trend (2024-2032)
    11.3    Speciality Stores
        11.3.1    Historical Trend (2018-2023)
        11.3.2    Forecast Trend (2024-2032)
    11.4    Online
        11.4.1    Historical Trend (2018-2023)
        11.4.2    Forecast Trend (2024-2032)
    11.5    Others
12    Market Dynamics
    12.1    SWOT Analysis
        12.1.1    Strengths
        12.1.2    Weaknesses
        12.1.3    Opportunities
        12.1.4    Threats
    12.2    Porter’s Five Forces Analysis
        12.2.1    Supplier’s Power
        12.2.2    Buyer’s Power
        12.2.3    Threat of New Entrants
        12.2.4    Degree of Rivalry
        12.2.5    Threat of Substitutes
    12.3    Key Indicators for Demand
    12.4    Key Indicators for Price
13    Competitive Landscape
    13.1    Market Structure
    13.2    Company Profiles
        13.2.1    CK Hutchison Holdings Limited (Watsons)  
            13.2.1.1    Company Overview
            13.2.1.2    Product Portfolio
            13.2.1.3    Demographic Reach and Achievements
            13.2.1.4    Certifications
        13.2.2    Japan Foods Holding Ltd.  
            13.2.2.1    Company Overview
            13.2.2.2    Product Portfolio
            13.2.2.3    Demographic Reach and Achievements
            13.2.2.4    Certifications
        13.2.3    Alibaba Group Holding Ltd. (Redmart)  
            13.2.3.1    Company Overview
            13.2.3.2    Product Portfolio
            13.2.3.3    Demographic Reach and Achievements
            13.2.3.4    Certifications
        13.2.4    DFI Retail Group Holdings Limited  
            13.2.4.1    Company Overview
            13.2.4.2    Product Portfolio
            13.2.4.3    Demographic Reach and Achievements
            13.2.4.4    Certifications
        13.2.5    Sheng Siong Group Ltd.  
            13.2.5.1    Company Overview
            13.2.5.2    Product Portfolio
            13.2.5.3    Demographic Reach and Achievements
            13.2.5.4    Certifications
        13.2.6    Crayon Holdings Pte Ltd.  
            13.2.6.1    Company Overview
            13.2.6.2    Product Portfolio
            13.2.6.3    Demographic Reach and Achievements
            13.2.6.4    Certifications
        13.2.7    NTUC FairPrice Co-operative Limited  
            13.2.7.1    Company Overview
            13.2.7.2    Product Portfolio
            13.2.7.3    Demographic Reach and Achievements
            13.2.7.4    Certifications
        13.2.8    QAF Ltd.  
            13.2.8.1    Company Overview
            13.2.8.2    Product Portfolio
            13.2.8.3    Demographic Reach and Achievements
            13.2.8.4    Certifications
        13.2.9    U Stars Supermarket Pte Ltd.  
            13.2.9.1    Company Overview
            13.2.9.2    Product Portfolio
            13.2.9.3    Demographic Reach and Achievements
            13.2.9.4    Certifications
        13.2.10    Amnesty Pte Ltd.  
            13.2.10.1    Company Overview
            13.2.10.2    Product Portfolio
            13.2.10.3    Demographic Reach and Achievements
            13.2.10.4    Certifications
        13.2.11    Others
14    Key Trends and Developments in the Market

 

List of Key Figures and Tables

1.    Asia Pacific Retail Market: Key Industry Highlights, 2018 and 2032
2.    Singapore Retail Market: Key Industry Highlights, 2018 and 2032
3.    Singapore Retail Historical Market: Breakup by Product (USD Billion), 2018-2023
4.    Singapore Retail Market Forecast: Breakup by Product (USD Billion), 2024-2032
5.    Singapore Retail Historical Market: Breakup by Distribution Channel (USD Billion), 2018-2023
6.    Singapore Retail Market Forecast: Breakup by Distribution Channel (USD Billion), 2024-2032
7.    Singapore Retail Market Structure

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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