With consumer demand already bouncing back in 2022, cafés/bars is expected to achieve full recovery by 2024 in current value terms, despite the pessimistic global economic outlook, which will adversely affect Singapore. This will mainly be driven by the significant uplift in bars/pubs, as the borders have now fully reopened.
Since the pandemic, more consumers have been increasingly concerned about the environmental impact of the products they purchase. They therefore proactively practise more sustainable consumption, and this is expected to push demand for sustainable brands over the forecast period.
Kiosk-ification seems to be a potential new business model, especially for specialist coffee and tea shops. With the significant decline in footfall due to remote working, coupled with rising costs, this business model is efficient in reducing operational expenses such as manpower, rental, and electricity, in turn helping businesses to remain profitable.
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Understand the latest market trends and future growth opportunities for the Cafés/Bars industry in Singapore with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Cafés/Bars industry in Singapore, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
Cafés/Bars
This category encompasses all establishments where the focus is on drinking (either alcoholic or non-alcoholic beverages). While a wide variety of snacks and full meals are offered, it is not uncommon for consumers to only order a drink. As a general rule, establishments deriving 50% of their income or more from the sale of drinks are included here.
See All of Our DefinitionsThis report originates from Passport, our Cafés/Bars research and analysis database.
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