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Learn moreMar 2020
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Environmental consciousness and social responsibility have been the hot topics in the last year which trickles down to consumers seeking the same in what they consume. Although it is not prevalent in everyday lives in Singapore yet, a few large restaurant players have taken the lead in assuming responsibility in practising sustainability for the consumers who are demanding it.
Rising labour costs has been a recurring issue in the consumer foodservice industry. More full-service restaurants are turning to technology to reduce the demand for human manpower in running the restaurants.
Full-service restaurants have been struggling during the economic downturn as well as changing consumption patterns which make FSR less attractive in an increasingly expensive and difficult operating environment. High overhead costs of foodservice businesses continue to be a prevalent issue especially so following the government’s new regulation to further limit the quota of foreign labour.
With Singapore’s population comprised mainly of Asians, it is not surprising that Asian full-service restaurants maintains its lead. Din Tai Fung continues to be the category leader.
Saizeriya first opened in Singapore in 2014 and has rapidly opened new outlets over the years. The Japanese chain restaurant which focuses on Italian cuisine has successfully targeted the cost-conscious crowd that are looking for a restaurant experience.
Singapore is known to have endless options when it comes to food and there are many that are more affordable to customers. Full-service restaurants have been struggling to keep up with the growth of the industry as customers are favouring cheaper options especially given the current uncertain economic situation.
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Overview
Discover the latest market trends and uncover sources of future market growth for the Full-Service Restaurants industry in Singapore with research from Euromonitor's team of in-country analysts.
Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.
If you're in the Full-Service Restaurants industry in Singapore, our research will save you time and money while empowering you to make informed, profitable decisions.
The Full-Service Restaurants in Singapore market research report includes:
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Why buy this report?
This industry report originates from Passport, our Consumer Foodservice market research database.
Gain competitive intelligence about market leaders. Track key industry trends, opportunities and threats. Inform your marketing, brand, strategy and market development, sales and supply functions.