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Country Report

Traditional Grocery Retailers in

Traditional Grocery Retailers in Singapore

42 pages, Jan 2019

US$990

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Executive Summary

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 extract FREE!

PROSPECTS

Wet markets increasingly unappealing in Singapore’s modern retailing landscape

With the majority of Singapore’s grocery retailing landscape now penetrated by modern grocery formats, traditional grocery retailers are struggling to survive, with sales declining each year. In comparison to the wide product ranges, loyalty incentives and convenience factors present in the air-conditioned setting of supermarkets, traditional grocery retailers like wet markets pale into insignificance with their messy and unstructured systems.

Small provision shops and minimarts continue facing challenges

Independent minimarts and small provision shops are struggling to retain their place in Singapore’s shopping environment, despite the improving economic situation in 2018. Key reasons for this include the rising middle-income consumer segment, rapid modernisation of retail spaces, the push for more progress and urbanisation, as well as consumers’ increasingly high standards.

Higher prices limiting capacity to compete

Moreover, since these minimarts are independent and not chained, they do not reap the benefits of economies of scale, resulting in higher price points compared to supermarkets. Coupled with their limited range of products, which do not include all of the wet and dry items desired, there is no incentive for consumers to shop in such stores anymore.

COMPETITIVE LANDSCAPE

Doubts over whether Alibaba’s Ling Shou Tong is viable for mom-and-pop-stores

In an attempt to push the use of modern analytics to automate operations that are otherwise heavily reliant on manual work, Alibaba recently rolled out its Ling Shou Tong retail management strategy. The company aims to connect mom-and-pop-stores to and help them leverage Alibaba’s network of logistics, data analytics, and supply chain efficiencies.

BreadTalk continues to cruise above other traditional grocery retailers

In 2018, BreadTalk continued to lead traditional grocery retailer sales (including food, drink and tobacco specialists). BreadTalk stands firm amid competition from artisan bakeries due to its distinct offering of local flavours and constant churning of new designs, providing customers a new experience each time.

Innovation key to success

A crucial factor contributing to the success of BreadTalk is the fact that founder George Quek insists on sticking to the roots of the business, while simultaneously investing in product innovation to keep up with the times. With such a strong vision, BreadTalk is predicted to remain the leading traditional grocery retailer for the foreseeable future, with innovations expected to keep sales ticking at a decent growth rate.

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Overview

Why buy this report?

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.

SAMPLES

FAQS ABOUT SAMPLES

DELIVERY

Files are delivered directly into your account within a few minutes of purchase.

OVERVIEW

Discover the latest market trends and uncover sources of future market growth in the Traditional Grocery Retailers 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 Traditional Grocery Retailers industry in Singapore, our research will save you time and money while empowering you to make informed, profitable decisions.

The Traditional Grocery Retailers in Singapore market research report includes:

Analysis of key supply-side and demand trends
Detailed market shares for international and locally-based retailers
Historic volumes and values, company and brand market shares
Five year forecasts of market trends and market growth
Robust and transparent market research methodology, conducted in-country

Our market research reports answer questions such as:

How are Traditional Grocery Retailers performing in Singapore?
How are current trends influencing consumers buying decisions?
Are independent and family run stores coming under pressure in Singapore?

WHY BUY THIS REPORT?

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

This industry report originates from Passport, our

Retailing market research database

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Traditional Grocery Retailers in Singapore - Category analysis

HEADLINES

PROSPECTS

Wet markets increasingly unappealing in Singapore’s modern retailing landscape

Small provision shops and minimarts continue facing challenges

Higher prices limiting capacity to compete

COMPETITIVE LANDSCAPE

Doubts over whether Alibaba’s Ling Shou Tong is viable for mom-and-pop-stores

BreadTalk continues to cruise above other traditional grocery retailers

Innovation key to success

CHANNEL DATA

Table 1 Traditional Grocery Retailers: Value Sales, Outlets and Selling Space 2013-2018
Table 2 Traditional Grocery Retailers: Value Sales, Outlets and Selling Space: % Growth 2013-2018
Table 3 Sales in Traditional Grocery Retailers by Channel: Value 2013-2018
Table 4 Sales in Traditional Grocery Retailers by Channel: % Value Growth 2013-2018
Table 5 Traditional Grocery Retailers Outlets by Channel: Units 2013-2018
Table 6 Traditional Grocery Retailers Outlets by Channel: % Unit Growth 2013-2018
Table 7 Traditional Grocery Retailers GBO Company Shares: % Value 2014-2018
Table 8 Traditional Grocery Retailers GBN Brand Shares: % Value 2015-2018
Table 9 Traditional Grocery Retailers LBN Brand Shares: Outlets 2015-2018
Table 10 Traditional Grocery Retailers LBN Brand Shares: Selling Space 2015-2018
Table 11 Traditional Grocery Retailers Forecasts: Value Sales, Outlets and Selling Space 2018-2023
Table 12 Traditional Grocery Retailers Forecasts: Value Sales, Outlets and Selling Space: % Growth 2018-2023
Table 13 Forecast Sales in Traditional Grocery Retailers by Channel: Value 2018-2023
Table 14 Forecast Sales in Traditional Grocery Retailers by Channel: % Value Growth 2018-2023
Table 15 Forecast Traditional Grocery Retailers Outlets by Channel: Units 2018-2023
Table 16 Forecast Traditional Grocery Retailers Outlets by Channel: % Unit Growth 2018-2023

Retailing in Singapore - Industry Overview

EXECUTIVE SUMMARY

Retail headwinds in 2018 but consumer demand constantly changing

Value-added services and experiential elements keep physical stores alive

Time-poor Singaporeans valuing convenience more than ever

Singaporeans becoming increasingly ardent cross-border online shoppers

Mobile commerce comes to dominate retailing landscape in Singapore

OPERATING ENVIRONMENT

Informal retailing

Opening hours

Summary 1 Standard Opening Hours by Channel Type

Physical retail landscape

Cash and carry

Seasonality

Great Singapore Sale
Christmas and New Year
Black Friday
Single’s Day

Payments and delivery

Emerging business models

MARKET DATA

Table 17 Sales in Retailing by Store-based vs Non-Store: Value 2013-2018
Table 18 Sales in Retailing by Store-based vs Non-Store: % Value Growth 2013-2018
Table 19 Sales in Store-based Retailing by Channel: Value 2013-2018
Table 20 Sales in Store-based Retailing by Channel: % Value Growth 2013-2018
Table 21 Store-based Retailing Outlets by Channel: Units 2013-2018
Table 22 Store-based Retailing Outlets by Channel: % Unit Growth 2013-2018
Table 23 Sales in Non-Store Retailing by Channel: Value 2013-2018
Table 24 Sales in Non-Store Retailing by Channel: % Value Growth 2013-2018
Table 25 Grocery Retailers: Value Sales, Outlets and Selling Space 2013-2018
Table 26 Grocery Retailers: Value Sales, Outlets and Selling Space: % Growth 2013-2018
Table 27 Sales in Grocery Retailers by Channel: Value 2013-2018
Table 28 Sales in Grocery Retailers by Channel: % Value Growth 2013-2018
Table 29 Grocery Retailers Outlets by Channel: Units 2013-2018
Table 30 Grocery Retailers Outlets by Channel: % Unit Growth 2013-2018
Table 31 Non-Grocery Specialists: Value Sales, Outlets and Selling Space 2013-2018
Table 32 Non-Grocery Specialists: Value Sales, Outlets and Selling Space: % Growth 2013-2018
Table 33 Sales in Non-Grocery Specialists by Channel: Value 2013-2018
Table 34 Sales in Non-Grocery Specialists by Channel: % Value Growth 2013-2018
Table 35 Non-Grocery Specialists Outlets by Channel: Units 2013-2018
Table 36 Non-Grocery Specialists Outlets by Channel: % Unit Growth 2013-2018
Table 37 Mixed Retailers: Value Sales, Outlets and Selling Space 2013-2018
Table 38 Mixed Retailers: Value Sales, Outlets and Selling Space: % Growth 2013-2018
Table 39 Sales in Mixed Retailers by Channel: Value 2013-2018
Table 40 Sales in Mixed Retailers by Channel: % Value Growth 2013-2018
Table 41 Mixed Retailers Outlets by Channel: Units 2013-2018
Table 42 Mixed Retailers Outlets by Channel: % Unit Growth 2013-2018
Table 43 Retailing GBO Company Shares: % Value 2014-2018
Table 44 Retailing GBN Brand Shares: % Value 2015-2018
Table 45 Store-based Retailing GBO Company Shares: % Value 2014-2018
Table 46 Store-based Retailing GBN Brand Shares: % Value 2015-2018
Table 47 Store-based Retailing LBN Brand Shares: Outlets 2015-2018
Table 48 Non-Store Retailing GBO Company Shares: % Value 2014-2018
Table 49 Non-Store Retailing GBN Brand Shares: % Value 2015-2018
Table 50 Grocery Retailers GBO Company Shares: % Value 2014-2018
Table 51 Grocery Retailers GBN Brand Shares: % Value 2015-2018
Table 52 Grocery Retailers LBN Brand Shares: Outlets 2015-2018
Table 53 Grocery Retailers LBN Brand Shares: Selling Space 2015-2018
Table 54 Non-Grocery Specialists GBO Company Shares: % Value 2014-2018
Table 55 Non-Grocery Specialists GBN Brand Shares: % Value 2015-2018
Table 56 Non-Grocery Specialists LBN Brand Shares: Outlets 2015-2018
Table 57 Non-Grocery Specialists LBN Brand Shares: Selling Space 2015-2018
Table 58 Mixed Retailers GBO Company Shares: % Value 2014-2018
Table 59 Mixed Retailers GBN Brand Shares: % Value 2015-2018
Table 60 Mixed Retailers LBN Brand Shares: Outlets 2015-2018
Table 61 Mixed Retailers LBN Brand Shares: Selling Space 2015-2018
Table 62 Forecast Sales in Retailing by Store-based vs Non-Store: Value 2018-2023
Table 63 Forecast Sales in Retailing by Store-based vs Non-Store: % Value Growth 2018-2023
Table 64 Forecast Sales in Store-based Retailing by Channel: Value 2018-2023
Table 65 Forecast Sales in Store-based Retailing by Channel: % Value Growth 2018-2023
Table 66 Forecast Store-based Retailing Outlets by Channel: Units 2018-2023
Table 67 Forecast Store-Based Retailing Outlets by Channel: % Unit Growth 2018-2023
Table 68 Forecast Sales in Non-Store Retailing by Channel: Value 2018-2023
Table 69 Forecast Sales in Non-Store Retailing by Channel: % Value Growth 2018-2023
Table 70 Grocery Retailers Forecasts: Value Sales, Outlets and Selling Space 2018-2023
Table 71 Grocery Retailers Forecasts: Value Sales, Outlets and Selling Space: % Growth 2018-2023
Table 72 Forecast Sales in Grocery Retailers by Channel: Value 2018-2023
Table 73 Forecast Sales in Grocery Retailers by Channel: % Value Growth 2018-2023
Table 74 Forecast Grocery Retailers Outlets by Channel: Units 2018-2023
Table 75 Forecast Grocery Retailers Outlets by Channel: % Unit Growth 2018-2023
Table 76 Non-Grocery Specialists Forecasts: Value Sales, Outlets and Selling Space 2018-2023
Table 77 Non-Grocery Specialists Forecasts: Value Sales, Outlets and Selling Space: % Growth 2018-2023
Table 78 Forecast Sales in Non-Grocery Specialists by Channel: Value 2018-2023
Table 79 Forecast Sales in Non-Grocery Specialists by Channel: % Value Growth 2018-2023
Table 80 Forecast Non-Grocery Specialists Outlets by Channel: Units 2018-2023
Table 81 Forecast Non-Grocery Specialists Outlets by Channel: % Unit Growth 2018-2023
Table 82 Mixed Retailers Forecasts: Value Sales, Outlets and Selling Space 2018-2023
Table 83 Mixed Retailers Forecasts: Value Sales, Outlets and Selling Space: % Growth 2018-2023
Table 84 Forecast Sales in Mixed Retailers by Channel: Value 2018-2023
Table 85 Forecast Sales in Mixed Retailers by Channel: % Value Growth 2018-2023
Table 86 Forecast Mixed Retailers Outlets by Channel: Units 2018-2023
Table 87 Forecast Mixed Retailers Outlets by Channel: % Unit Growth 2018-2023

Megatrends

Country Report

Traditional Grocery Retailers in Singapore

New Report Guarantee

Executive Summary

New Report Guarantee

PROSPECTS

Wet markets increasingly unappealing in Singapore’s modern retailing landscape

Small provision shops and minimarts continue facing challenges

Higher prices limiting capacity to compete

COMPETITIVE LANDSCAPE

Doubts over whether Alibaba’s Ling Shou Tong is viable for mom-and-pop-stores

BreadTalk continues to cruise above other traditional grocery retailers

Innovation key to success

Overview

Why buy this report?

SAMPLES

DELIVERY

OVERVIEW

WHY BUY THIS REPORT?

Want to find out more about this report?

Table of Contents

Traditional Grocery Retailers in Singapore - Category analysis

HEADLINES

PROSPECTS

Wet markets increasingly unappealing in Singapore’s modern retailing landscape

Small provision shops and minimarts continue facing challenges

Higher prices limiting capacity to compete

COMPETITIVE LANDSCAPE

Doubts over whether Alibaba’s Ling Shou Tong is viable for mom-and-pop-stores

BreadTalk continues to cruise above other traditional grocery retailers

Innovation key to success

CHANNEL DATA

Retailing in Singapore - Industry Overview

EXECUTIVE SUMMARY

Retail headwinds in 2018 but consumer demand constantly changing

Value-added services and experiential elements keep physical stores alive

Time-poor Singaporeans valuing convenience more than ever

Singaporeans becoming increasingly ardent cross-border online shoppers

Mobile commerce comes to dominate retailing landscape in Singapore

OPERATING ENVIRONMENT

Informal retailing

Opening hours

Physical retail landscape

Cash and carry

Seasonality

Payments and delivery

Emerging business models

MARKET DATA

DEFINITIONS

SOURCES

Why buy this report?

Want to find out more about this report?

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