Singapur: informe completo del mercado retail de alimentos

The Singapore food retail sector is highly developed and competitive. The industry is comprised of a range of large supermarkets/hypermarkets, convenience stores, “mom and pop” traditional stores, and specialty retailers. According to industry analysts, the country’s food retailers surpassed $7 billion USD in sales in 2020, with forecasted sales to reach $9 billion by 2023. The sector is dominated by three key players: the NTUC Fair Price Cooperative, Dairy Farm Group, and Sheng Siong Supermarket Chain.

In 2020, Singapore’s economy experienced an economic slowdown triggered by the COVID-19 pandemic, and business activity in various sectors were impacted. The pandemic and the lockdown measures prompted panic buying as consumers rushed to stockpile essential foods such as frozen meats, instant noodles, cooking ingredients as well as personal hygiene products.

The retail foods sector continued to perform well, and the outlook for the sector is strong. Retailers with stronger digital presence fared better as consumers shifted their grocery shopping online. The Singapore Government provided massive economic stimulus measures and monetary aids to both businesses and individuals to mitigate economic hardship.

 

Full report here: https://chilealimentos.com/wp-content/uploads/2021/07/Retail-Foods_Singapore_Singapore_06-30-2021.pdf

 

USDA/June 30, 2021

VOLVER A NOTICIAS