Over the forecast period, due to rising costs and global economic uncertainty, coupled with the GST hike, consumers are more pessimistic about the outlook, and are expected to be thriftier, tightening their budgets for food and drinks. Despite the support package which gives SGD100 for every Singapore household, on top of the additional GST cash pay-out of up to SGD300 for lower- to middle-income workers, to cushion the impact of higher prices, consumers are still expected to be less optimistic about 2023.
The hawker trade forms an important part of Singapore’s intangible cultural heritage, with its diverse, multiracial dishes and ubiquitous hawker centres. However, this old trade has started to die, as the current hawkers are mostly elderly, and there is little interest amongst the younger generation in entering the old trade due to the tough environment and lower profit margins compared with other types of food establishments.
Consumers’ interest in health and wellness grew during the pandemic, as many emphasised a healthier lifestyle, starting from being more aware of the nutritional value of the food they consumed, to making conscious decisions on food choices in foodservice establishments. This trend continued to be relevant in 2022, as consumers had already adopted these everyday healthy habits into their lifestyle, taking more control of their own health to improve it.
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Small, sometimes mobile, foodservice providers characterised by a limited product offering and by low prices. Includes street stalls, street hawkers and foodservice kiosks where food is prepared in some way and served through a hatch or over a display counter to take away. Also includes kiosks and carts located externally or internally eg in shopping malls etc. As a rule, street stalls/kiosks outlets tend to be smaller than 100% home delivery/takeaway outlets, while menus are more limited, often (though certainly not always) with a greater emphasis on snack items, rather than full meals.See All of Our Definitions
This report originates from Passport, our Street Stalls/Kiosks research and analysis database.
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