Megatrends in Singapore

October 2023

This Megatrends report highlights long-term trends resulting from shifts in consumer values and behaviour. It provides a summary of each of Euromonitor International’s 10 focus megatrends and insights as to how each trend has manifested in Singapore.

USD 1,325
Request More Information

Delivery

Files are delivered directly into your account soon after payment is received and any tax certification is verified (where applicable).

This report comes in PPT.

Overview:

Consumer Lifestyle reports provide detailed snapshorts of the behaviours, attitudes and spending patterns of consumers in 40 countries. 

The Lifestyles reports offer valuable statistics and insights into key consumer traits and values, linking behaviour trends with purchase and consumption habits. Using lifestyles survey data, these reports quantify behaviours, preferences and motivations both now and in the future across specific consumer-related topics relating to how consumers live, shop, work and play in 40 markets. Analysis is also included on how Euromonitor’s 8 focus megatrends, the longer-term shifts in consumer attitudes and behaviour, are playing out in each of the 40 countries. Consumer lifestyles are constantly shifting. Understanding behavioural shifts is vital for businesses to stay competitive and adapt to in order to capitalise on new opportunities.

The Consumer Lifestyle in Singapore report includes:

Lifestyles survey data and analysis on consumer values, behaviour and future expectations on topics such as life priorities, home and work life, ethical and health priorities and eating, leisure and shopping habits and use of technology. Consumer Megatrends covered are: Connected Consumers Ethical Living Experience More Healthy Living Middle Class Retreat Premiumisation Shifting Market Frontiers Shopping Reinvented

The Consumer Lifestyle in Singapore report answers:

  • How is the consumer mindset in Singapore changing? In Singapore, what are consumer attitudes towards “green” and sustainable products?
  • What values influence consumers in Singapore purchase decisions?
  • Where and how do consumers shop in Singapore?
  • What health-related activities do consumers in Singapore participate in?
  • What megatrends should I focus on in Singapore (and why)?
  • How do I prioritize my investment? I operate in country x, which are the most important megatrends in that country?
  • My product chimes with the Healthy Living trend, what consumer behaviours do I need to consider for innovation planning?
Scope
The drivers shaping consumer behaviour
Megatrends framework
Businesses harness megatrends to renovate, innovate and disrupt
Convenience
7-Eleven caters to busy airport users with its first in-store café concept
Singaporeans are using tech to make life easier
Consumers seek more flexibility in all areas of life
Shoppers want to see goods before buying
Convenience drives e-commerce demand
Busy Singaporeans lack the time for cooking
Digital living
PRISM+ capitalises on growing demand for smart homes
Most Singaporeans order food for delivery
Consumers are protective of their personal data
Young people are concerned about preserving their online anonymity
Friends and family are still the most trusted information source
Consumers expect more face-to-face activity post-pandemic
Diversity and inclusion
Revolut launches Diversity Card as part of the Pride campaign
Generation X are keenest to support charitable causes
Generation Z want to change the world for the better
Most Singaporeans feel comfortable expressing their identity
Shoppers are paying more attention to brand values
Experience more
Home interior platform Livspace opens experience centres as part of omnichannel strategy
Singaporeans enjoy socialising both on- and offline
Safety and shopping opportunities are key priorities in a holiday
Consumers still prefer real world over online experiences
Personalisation
Modules offers personalised skin care products made with prescription ingredients
Young people are the most enthusiastic about virtual activities
Millennials are the most individualistic cohort
Premiumisation
Irvins adds to its range of gourmet healthy savoury snacks
Consumers want more simplicity
Generation Z have the most confidence in their investments
Health, quality and comfort are prized attributes
Pursuit of value
Giant offers discounts for seniors amid elevated prices
Baby Boomers are the most frugal cohort
Shoppers are worried about the rising cost of living – especially the elderly
Singaporeans embrace the circular economy
Shoppers seek ways to make their money go further
Shopper reinvented
WhatsApp allows Singaporeans to make in-chat payments directly to businesses
Trust in brands is most important to Generation Z
Consumers mix online with offline shopping
S-commerce gains traction as young people seek flexibility
Millennials engage most with s-commerce
Sustainable living
WWF-Singapore promotes reuseable e-commerce packaging in Singapore
Singaporeans show concern about global warming
Mindful consumption is on the rise
Reducing food waste tops the list of green activities
Singaporeans are reticent to make their voices heard
Recyclable packaging is considered the most sustainable
Wellness
Health-conscious consumers drive growth in vitamin selection
Massage and meditation are the main antidotes to stress
Baby Boomers are the most likely to regularly exercise
Singaporeans remain wary of health and safety in post-pandemic era
Leverage the power of megatrends to shape your strategy today
Share:

Buy Conumer Lifestyle overview reports to:

Gain a thorough knowledge of shifting consumer attitudes and habits and fill in information gaps to inform product/service development, market positioning and channel strategy.

NEW REPORT GUARANTEE

If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extraction Free!

;