Value sales growth of home and garden in Singapore notably slowed in 2022 compared to the previous year. Singapore witnessed a major shift with pandemic restrictions easing in 2022, which contributed to this slowdown.
Indoor farming was an important trend in Singapore in 2022, benefiting from the “grow-your-own” trend. By growing their own food, consumers can be more sustainable and also ensure the health credentials of the food they eat, by regulating the amount of chemicals and pesticides they use.
IKEA, locally operated by Ikano Pte Ltd, retained its leadership of home and garden in Singapore in 2022, supported by its strength in home furnishings and homewares in particular. While the Swedish brand witnessed a marginal increase in value share in homewares, it lost ground in home furnishings, although value sales remained positive.
2022 witnessed a shift in retail channel preferences. During the pandemic, e-commerce made considerable gains in the distribution of home and garden as local consumers were forced to stay in their homes.
Heading into the forecast period, value sales of home and garden in Singapore (at constant 2022 prices) are expected to remain below pre-pandemic levels for several years, due to the ever-rising cost of buying or renting homes. This is likely to discourage local consumers from investing in home and garden products and focus on minimal living.
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Understand the latest market trends and future growth opportunities for the Home and Garden 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.
Data and analysis in this report provides further detailed coverage dedicated to the following key categories, where applicable:
If you're in the Home and Garden 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.
Home and Garden
This project has a strict focus on sales to consumers only. Trade and professional sales are excluded. Home and garden refers to gardening, home improvement, homewares and home furnishings.
See All of Our DefinitionsThis report originates from Passport, our Home and Garden research and analysis database.
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