The majority of small local grocers in Singapore are located at wet markets situated within residential estates. They predominantly sell fresh produce such as vegetables, fruits and meats grown locally or imported from neighbouring countries.
Despite a positive outlook, small local grocers as a retail format in Singapore will continue to come under pressure, as being a highly urban and densely populated country, most Singaporeans living in HDB blocks within well-planned residential towns have better access to modern retail facilities. This places small local grocers in direct competition with other formats such as convenience stores and supermarkets, which offer a cleaner and more modern shopping environment, and which also benefit from economics of scale in procurement, resulting in lower product prices.
The wet market has its place in Singapore’s grocery retail landscape as it is regarded as a place where consumers are able to buy fresh, good-quality produce at reasonable prices, all while maintaining a familial relationship with the business owner. The drawbacks include often being regarded as chaotic and even at times, unhygienic, due to crowds and older building infrastructure.
Delivery:
Files are delivered directly into your account soon after payment is received and any tax is certification is verified (where applicable).
This report comes in PDF with additional info in Excel included.
Understand the latest market trends and future growth opportunities for the Small Local Grocers industry in Singapore with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Small Local Grocers industry in Singapore, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
Small local grocers are mostly independent retail outlets (with a selling space of under 400 square metres), kiosks, market stalls or street vendors, owned by families and/or run on an individual basis, and with a primary focus on selling food/beverages/tobacco and other groceries. Small local grocers also includes ethnic grocery stores that specialize in foreign brands and food types, health food stores, confectioners/newsagents/tobacconists (CTNs), food & drink souvenir stores, legally registered mobile shops that are run out of a truck, and regional specialty stores. Retail sales from farmers markets, farms, vineyards, or similar producers are also included in small local grocers. Outlets located within wet markets in Southeast Asia (often located in government-owned multi-story buildings) should be counted as separate outlets.
See All of Our DefinitionsThis report originates from Passport, our Small Local Grocers research and analysis database.
If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extraction Free!