Singapore

Singapore’s trade-dependent economy will decelerate in 2019. Given global trade tensions, support from external sectors is expected to fall and growth drivers are projected to shift back to domestic demand. Investment is also declining. Forecasts ...

Functionality remains one of the key selection appeals of tea for consumers. While green tea remains the fastest-growing tea due to its wide product availability in both modern and traditional retail channels, as well as its popularity due to its ...

Retail volume sales of hot drinks continued to grow in 2019, albeit at a slower rate compared to the previous year, due to slower growth in several high-volume categories that are relatively mature, such as instant coffee and other hot drinks. These ...

In 2019, coffee continued to see higher retail value growth relative to volume growth, driven by higher growth within fresh coffee, especially fresh ground coffee pods. The growing popularity of specialist cafés in Singapore has led to more ...

Other hot drinks continued to see volume sales growth in 2019, driven by growth in malt-based hot drinks. Other hot drinks has been faring relatively well, especially with healthier propositions on offer – most hot drinks under this category, such as...

As the costs of online customer acquisition and digital marketing have grown in recent years, DNVBs are increasingly considering their physical presence, leading many brands to open temporary and permanent brick-and-mortar stores. Some DNVBs have ...

Given more subdued consumer sentiment, packaged food players targeted novel experiences to try to stimulate demand in the market. Snack players were observed to have implemented localisation strategies, eg Nestlé Singapore Pte Ltd brought local ...

Artisanal bakeries are on the rise, offering far larger varieties and single serve portions to consumers. Consumers can conveniently pick up a bun or pastry of their choice on their way to work. Compared to packaged leavened bread, artisanal options ...

With the ongoing war on sugar making consumers more conscious about their sugar intake, savoury oats are trending in hot cereals. Single serve versions are also finding favour amongst consumers, as oats players put out more convenient products to ...

Frozen processed potatoes contain trans fats, owing to the partially hydrogenated oils used in the production process. In June 2019, the Singapore Government announced a complete ban on partially hydrogenated oils as an ingredient in food by 2021, ...

Imports of shelf stable red meat products from regions affected by the Asian Swine Flu were suspended by the Singapore Food Agency in August 2018. This ban took effect if the products are not heat treated to inactivate the virus or from unapproved ...

Government campaigns by the health promotion board have advocated the benefits of wholegrain rice over white rice, due to its lower GI content to keep blood sugar levels more stable. Consumers took heed of the government’s advocacy efforts, boosting ...

Partially hydrogenated oils are a major source of artificial trans fats that is known to increase the risk of chronic diseases including heart diseases and type 2 diabetes, which are among the top death factors in Singapore. The regulation will ...

Singapore is one of the most advanced nations in terms of mobile and internet coverage alongside Japan and South Korea in Asia Pacific. The strong digital connectivity enables Singaporeans, who are leading increasingly hectic lives, to gain more ...

The craze for spicy food is expected to continue growing in the country. From mala flavoured products continuously being popular across foodservice and packaged food products, to the launch of various spicy products, especially in instant noodles, ...

Strong digital connectivity enables Singaporeans, who are leading increasingly hectic lives, to lead more convenient lives in their daily routines. The presence of food delivery platforms, such as GrabFood and Deliveroo, provides an array of choices ...

Unlike other sweet spreads that are mainly sold through modern retailing channels in the formats of hypermarkets, supermarkets and convenience stores, sales of honey are also available in other store formats including health and beauty specialists ...

Compared to other financial cards in circulation, charge cards has seen little development within the financial landscape. No new innovative added benefits have emerged over the review period, but all the benefits of a charge card remain that ...

Pre-paid cards used to be the dominant mode of payment for public transport via buses and MRT. In recent years, the government’s push for a smart nation and aim towards a cashless society have encouraged more initiatives to encourage e-payments and ...

Credit cards in circulation have been declining year on year in recent years despite steady growth in transactions value. On average, a single person now holds fewer credit cards than before. This could be driven by the fact that now banks are ...