GITNUXREPORT 2026

Singapore Food And Beverage Industry Statistics

Singapore's diverse food industry is booming strongly thanks to tourism and digital growth.

Rajesh Patel

Team Lead & Senior Researcher with over 15 years of experience in market research and data analytics.

First published: Feb 13, 2026

Our Commitment to Accuracy

Rigorous fact-checking · Reputable sources · Regular updatesLearn more

Statistic 1

In 2023, 68% of Singapore consumers dined out at least once weekly.

Statistic 2

Average household F&B spending SGD 650 monthly in 2023.

Statistic 3

45% of consumers preferred hawker centres for affordability in 2023 survey.

Statistic 4

Online F&B ordering adoption at 72% among millennials in 2023.

Statistic 5

52% of diners sought sustainable F&B options in 2023.

Statistic 6

Per visit F&B spend averaged SGD 25 for locals, SGD 45 for tourists 2023.

Statistic 7

61% preferred Asian cuisine in F&B outlets per 2023 poll.

Statistic 8

Plant-based food trial rate 38% among consumers in 2023.

Statistic 9

78% used food delivery apps at least monthly in 2023.

Statistic 10

Loyalty programs influenced 55% of repeat F&B visits 2023.

Statistic 11

Halal food preference 42% of population in F&B choices 2023.

Statistic 12

49% consumers prioritized hygiene post-COVID in F&B 2023.

Statistic 13

Weekend brunch popularity 67% among under-35s in 2023.

Statistic 14

Craft beverages chosen by 29% over mainstream in 2023 surveys.

Statistic 15

73% checked online reviews before F&B visits 2023.

Statistic 16

Family dining out frequency 2.3 times monthly average 2023.

Statistic 17

56% willing to pay premium for local ingredients in F&B 2023.

Statistic 18

Alcohol consumption in F&B settings down 8% among youth 2023.

Statistic 19

64% preferred contactless payments in F&B 2023.

Statistic 20

Vegan/vegetarian diners up 22% to 15% of population 2023.

Statistic 21

Peak dining time shifted to 7-9pm for 58% consumers 2023.

Statistic 22

71% influenced by social media F&B recommendations 2023.

Statistic 23

Health-focused menus chosen by 48% in 2023 surveys.

Statistic 24

Group dining preference 82% over solo in F&B 2023.

Statistic 25

39% tried fusion cuisine more in past year 2023.

Statistic 26

Budget-conscious spending led 53% to hawker over restaurants 2023.

Statistic 27

Organic food premium accepted by 34% consumers 2023.

Statistic 28

66% valued ambiance in F&B choices 2023 poll.

Statistic 29

Dessert-only visits up 19% among Gen Z 2023.

Statistic 30

75% repeat customers based on service quality 2023.

Statistic 31

Total F&B employment stood at 240,000 jobs in 2023, 4.8% of total workforce.

Statistic 32

F&B sector added 15,200 new jobs in 2023, highest post-pandemic.

Statistic 33

Average monthly wage in F&B was SGD 3,200 in 2023.

Statistic 34

65% of F&B workforce were aged 21-40 in 2023.

Statistic 35

Foreign workers comprised 35% of F&B employment, totaling 84,000 in 2023.

Statistic 36

F&B part-time jobs numbered 45,000, 19% of total employment in 2023.

Statistic 37

Female participation in F&B workforce at 48% or 115,200 workers in 2023.

Statistic 38

Chefs and cooks employment 72,000, 30% of F&B total in 2023.

Statistic 39

F&B training programs enrolled 28,500 workers in 2023.

Statistic 40

Youth employment (15-24) in F&B at 12,000, 5% share in 2023.

Statistic 41

F&B vacancy rate dropped to 4.2% by end-2023 from 8.1% in 2022.

Statistic 42

Service staff employment totaled 110,000 in F&B, 46% of workforce 2023.

Statistic 43

Managerial roles in F&B numbered 12,400, average salary SGD 6,500 monthly 2023.

Statistic 44

F&B workforce turnover rate 22% annually in 2023.

Statistic 45

18,900 F&B workers underwent digital skills training in 2023.

Statistic 46

Hawker stall operators employment equivalent 25,000 full-time in 2023.

Statistic 47

F&B employment growth 7.5% in tourist-heavy areas like Sentosa 2023.

Statistic 48

Sustainability roles in F&B added 2,100 jobs in 2023.

Statistic 49

Average F&B work hours 44.5 per week in 2023.

Statistic 50

F&B apprenticeships completed by 4,200 workers in 2023.

Statistic 51

55+ age group F&B employment 28,000, 12% share 2023.

Statistic 52

F&B job postings online averaged 5,200 monthly in 2023.

Statistic 53

Kitchen support staff 38,000 employed in F&B 2023.

Statistic 54

F&B union membership 65,000 workers in 2023.

Statistic 55

Delivery riders for F&B platforms 32,000 full-time equivalents 2023.

Statistic 56

62% of F&B employers reported hiring challenges in Q3 2023.

Statistic 57

F&B employment density 1 job per SGD 70,000 revenue in 2023.

Statistic 58

Total F&B establishments reached 34,500 in 2023, up 4.1%.

Statistic 59

Hawker centres operated by NEA totaled 128 with 6,000 stalls in 2023.

Statistic 60

New F&B licences issued 2,800 in 2023 by SFA.

Statistic 61

F&B closures numbered 1,200 in 2023, down 15% from 2022.

Statistic 62

QSR outlets 4,200 across Singapore in 2023.

Statistic 63

Cafes increased to 2,900 establishments in 2023.

Statistic 64

Cloud kitchens operational 850 in 2023.

Statistic 65

Fine dining restaurants 450 licensed in 2023.

Statistic 66

Hotel F&B outlets 1,200 within 80 major hotels 2023.

Statistic 67

Franchise F&B brands 650 operating in 2023.

Statistic 68

Halal-certified F&B outlets 5,200 in 2023.

Statistic 69

Average F&B outlet lifespan 4.2 years in 2023 data.

Statistic 70

Food courts total 120 managed sites with 8,500 stalls 2023.

Statistic 71

Airport terminals host 120 F&B outlets in 2023.

Statistic 72

Mall F&B tenancies 2,800 in top 20 malls 2023.

Statistic 73

Pop-up F&B operations 450 launched in 2023.

Statistic 74

F&B average seating capacity 85 seats per outlet 2023.

Statistic 75

Sustainability certified F&B 920 outlets in 2023.

Statistic 76

24-hour F&B operations 320 outlets in 2023.

Statistic 77

Ghost kitchens 420 dedicated sites operational 2023.

Statistic 78

F&B in co-working spaces 180 outlets 2023.

Statistic 79

Annual hygiene inspections conducted 45,000 on F&B 2023.

Statistic 80

F&B digital POS systems adoption 82% of outlets 2023.

Statistic 81

Average rent for F&B space SGD 15 psf monthly prime 2023.

Statistic 82

F&B startup incorporations 1,100 new in 2023.

Statistic 83

Multi-concept F&B outlets 560 in operation 2023.

Statistic 84

In 2023, Singapore's F&B industry contributed 1.8% to the national GDP, with a market size valued at SGD 15.2 billion.

Statistic 85

The F&B sector in Singapore grew by 18.7% year-on-year in Q4 2023, driven by tourism recovery post-COVID.

Statistic 86

Singapore's hawker food market segment within F&B was estimated at SGD 1.1 billion in 2022, representing 7.2% of total F&B sales.

Statistic 87

The overall F&B market in Singapore is projected to reach SGD 18.5 billion by 2027, with a CAGR of 4.2% from 2023-2027.

Statistic 88

In 2022, food services turnover in Singapore increased by 24.1% to SGD 13.8 billion compared to 2021.

Statistic 89

Singapore's F&B industry saw a 12.3% expansion in 2023, fueled by inbound tourist spending averaging SGD 50 per visitor on F&B.

Statistic 90

The premium dining segment of Singapore's F&B market grew 22% in 2023 to SGD 2.4 billion.

Statistic 91

F&B outlets in Singapore numbered over 32,000 in 2023, supporting a market valuation of SGD 16.1 billion.

Statistic 92

Singapore's quick-service restaurant (QSR) F&B subsector reached SGD 4.2 billion in 2023, up 15% YoY.

Statistic 93

The F&B industry's digital adoption contributed to a 9.5% market growth in e-commerce F&B sales in 2023.

Statistic 94

In 2023, Singapore's F&B export value hit SGD 850 million, boosting overall industry growth by 3.2%.

Statistic 95

The halal-certified F&B market in Singapore expanded to SGD 1.9 billion in 2023, a 11.4% increase.

Statistic 96

Singapore F&B sector's resilience post-pandemic led to a 20.5% growth from 2020 lows by end-2023.

Statistic 97

Beverage segment within F&B grew 14.8% to SGD 3.1 billion in 2023.

Statistic 98

F&B tourism-related revenue in Singapore surged 28% to SGD 5.6 billion in 2023.

Statistic 99

Plant-based F&B alternatives market in Singapore valued at SGD 280 million in 2023, up 25%.

Statistic 100

Singapore's F&B cloud kitchen market reached SGD 650 million in 2023.

Statistic 101

Overall F&B CAGR from 2019-2023 stood at 7.8%, reaching SGD 15.9 billion peak.

Statistic 102

Fine dining F&B segment valued at SGD 1.8 billion in 2023, growing 16.2%.

Statistic 103

Street food F&B contributed SGD 1.4 billion, 9% of total market in 2023.

Statistic 104

F&B industry market share of retail sector at 12.4% in 2023.

Statistic 105

Projected F&B growth rate of 5.1% annually to 2028.

Statistic 106

F&B R&D investment in Singapore totaled SGD 120 million in 2023.

Statistic 107

Organic F&B products market hit SGD 450 million, 18% growth in 2023.

Statistic 108

F&B sustainability-linked market segment at SGD 2.2 billion in 2023.

Statistic 109

Delivery-only F&B brands revenue SGD 900 million in 2023.

Statistic 110

F&B franchise market valued SGD 1.2 billion, 13% YoY growth 2023.

Statistic 111

Craft beverage F&B niche grew to SGD 380 million in 2023.

Statistic 112

F&B tech startup funding SGD 250 million supporting 6.2% growth.

Statistic 113

Total F&B market volume 2.8 billion meals served in 2023.

Statistic 114

In 2023, total F&B sales revenue across all outlets reached SGD 16.7 billion, with restaurants contributing 45%.

Statistic 115

QSR chains generated SGD 4.8 billion in revenue in 2023, up 17.2% from 2022.

Statistic 116

Hawker centres recorded SGD 1.2 billion in collective sales for 2023.

Statistic 117

Food delivery platforms facilitated SGD 3.1 billion in F&B sales in 2023.

Statistic 118

Cafes and coffee shops achieved average monthly revenue of SGD 45,000 per outlet in 2023.

Statistic 119

Fine dining establishments averaged SGD 2.5 million annual revenue per outlet in 2023.

Statistic 120

Beverage sales in F&B totaled SGD 3.4 billion, with non-alcoholic at 62% share in 2023.

Statistic 121

Alcohol sales revenue in F&B hit SGD 1.9 billion in 2023, 12% growth.

Statistic 122

Plant-based food sales revenue reached SGD 320 million across F&B in 2023.

Statistic 123

Hotel F&B outlets generated SGD 2.8 billion revenue in 2023.

Statistic 124

Average F&B outlet revenue per square meter was SGD 8,200 monthly in 2023.

Statistic 125

Online F&B sales accounted for 22% of total revenue, SGD 3.7 billion in 2023.

Statistic 126

Halal F&B sales revenue SGD 2.1 billion, 14% of total in 2023.

Statistic 127

Cloud kitchen average revenue SGD 1.2 million annually per unit in 2023.

Statistic 128

F&B export sales revenue from Singapore firms SGD 950 million in 2023.

Statistic 129

Casual dining revenue totaled SGD 5.6 billion, 34% market share in 2023.

Statistic 130

F&B GST revenue collected by government SGD 980 million in 2023.

Statistic 131

Per capita F&B spending averaged SGD 1,850 annually in 2023.

Statistic 132

Peak month F&B sales in December 2023 hit SGD 1.6 billion.

Statistic 133

F&B revenue growth in CBD areas 21% YoY to SGD 4.1 billion in 2023.

Statistic 134

Suburban F&B sales revenue SGD 7.2 billion in 2023.

Statistic 135

Franchise F&B revenue SGD 1.4 billion, average per franchise SGD 800k.

Statistic 136

Craft beer sales revenue SGD 150 million in F&B outlets 2023.

Statistic 137

Vegan menu item sales contributed SGD 180 million to F&B revenue 2023.

Statistic 138

F&B loyalty program driven sales SGD 2.3 billion in 2023.

Statistic 139

Airport F&B revenue SGD 650 million post-recovery in 2023.

Statistic 140

F&B average ticket size increased to SGD 28 per person in 2023.

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From hawker stalls turning over a billion dollars to fine dining revenues soaring past SGD 2.4 billion, Singapore's F&B industry is not just feeding a nation but fueling an economic powerhouse that contributed SGD 15.2 billion to the market in 2023.

Key Takeaways

In 2023, Singapore's F&B industry contributed 1.8% to the national GDP, with a market size valued at SGD 15.2 billion.
The F&B sector in Singapore grew by 18.7% year-on-year in Q4 2023, driven by tourism recovery post-COVID.
Singapore's hawker food market segment within F&B was estimated at SGD 1.1 billion in 2022, representing 7.2% of total F&B sales.
In 2023, total F&B sales revenue across all outlets reached SGD 16.7 billion, with restaurants contributing 45%.
QSR chains generated SGD 4.8 billion in revenue in 2023, up 17.2% from 2022.
Hawker centres recorded SGD 1.2 billion in collective sales for 2023.
Total F&B employment stood at 240,000 jobs in 2023, 4.8% of total workforce.
F&B sector added 15,200 new jobs in 2023, highest post-pandemic.
Average monthly wage in F&B was SGD 3,200 in 2023.
In 2023, 68% of Singapore consumers dined out at least once weekly.
Average household F&B spending SGD 650 monthly in 2023.
45% of consumers preferred hawker centres for affordability in 2023 survey.
Total F&B establishments reached 34,500 in 2023, up 4.1%.
Hawker centres operated by NEA totaled 128 with 6,000 stalls in 2023.
New F&B licences issued 2,800 in 2023 by SFA.

Singapore's diverse food industry is booming strongly thanks to tourism and digital growth.

Consumer Behavior and Preferences

In 2023, 68% of Singapore consumers dined out at least once weekly.
Average household F&B spending SGD 650 monthly in 2023.
45% of consumers preferred hawker centres for affordability in 2023 survey.
Online F&B ordering adoption at 72% among millennials in 2023.
52% of diners sought sustainable F&B options in 2023.
Per visit F&B spend averaged SGD 25 for locals, SGD 45 for tourists 2023.
61% preferred Asian cuisine in F&B outlets per 2023 poll.
Plant-based food trial rate 38% among consumers in 2023.
78% used food delivery apps at least monthly in 2023.
Loyalty programs influenced 55% of repeat F&B visits 2023.
Halal food preference 42% of population in F&B choices 2023.
49% consumers prioritized hygiene post-COVID in F&B 2023.
Weekend brunch popularity 67% among under-35s in 2023.
Craft beverages chosen by 29% over mainstream in 2023 surveys.
73% checked online reviews before F&B visits 2023.
Family dining out frequency 2.3 times monthly average 2023.
56% willing to pay premium for local ingredients in F&B 2023.
Alcohol consumption in F&B settings down 8% among youth 2023.
64% preferred contactless payments in F&B 2023.
Vegan/vegetarian diners up 22% to 15% of population 2023.
Peak dining time shifted to 7-9pm for 58% consumers 2023.
71% influenced by social media F&B recommendations 2023.
Health-focused menus chosen by 48% in 2023 surveys.
Group dining preference 82% over solo in F&B 2023.
39% tried fusion cuisine more in past year 2023.
Budget-conscious spending led 53% to hawker over restaurants 2023.
Organic food premium accepted by 34% consumers 2023.
66% valued ambiance in F&B choices 2023 poll.
Dessert-only visits up 19% among Gen Z 2023.
75% repeat customers based on service quality 2023.

Consumer Behavior and Preferences Interpretation

Singaporeans are clearly a paradoxical bunch, dining out like socialites on a hawker budget, demanding both sustainable luxury and affordable indulgence, all while being swayed by online reviews to gather in groups for fusion brunch they’ll later critique from the comfort of their food delivery apps.

Employment and Workforce

Total F&B employment stood at 240,000 jobs in 2023, 4.8% of total workforce.
F&B sector added 15,200 new jobs in 2023, highest post-pandemic.
Average monthly wage in F&B was SGD 3,200 in 2023.
65% of F&B workforce were aged 21-40 in 2023.
Foreign workers comprised 35% of F&B employment, totaling 84,000 in 2023.
F&B part-time jobs numbered 45,000, 19% of total employment in 2023.
Female participation in F&B workforce at 48% or 115,200 workers in 2023.
Chefs and cooks employment 72,000, 30% of F&B total in 2023.
F&B training programs enrolled 28,500 workers in 2023.
Youth employment (15-24) in F&B at 12,000, 5% share in 2023.
F&B vacancy rate dropped to 4.2% by end-2023 from 8.1% in 2022.
Service staff employment totaled 110,000 in F&B, 46% of workforce 2023.
Managerial roles in F&B numbered 12,400, average salary SGD 6,500 monthly 2023.
F&B workforce turnover rate 22% annually in 2023.
18,900 F&B workers underwent digital skills training in 2023.
Hawker stall operators employment equivalent 25,000 full-time in 2023.
F&B employment growth 7.5% in tourist-heavy areas like Sentosa 2023.
Sustainability roles in F&B added 2,100 jobs in 2023.
Average F&B work hours 44.5 per week in 2023.
F&B apprenticeships completed by 4,200 workers in 2023.
55+ age group F&B employment 28,000, 12% share 2023.
F&B job postings online averaged 5,200 monthly in 2023.
Kitchen support staff 38,000 employed in F&B 2023.
F&B union membership 65,000 workers in 2023.
Delivery riders for F&B platforms 32,000 full-time equivalents 2023.
62% of F&B employers reported hiring challenges in Q3 2023.
F&B employment density 1 job per SGD 70,000 revenue in 2023.

Employment and Workforce Interpretation

While Singapore's F&B sector is serving up a robust post-pandemic recovery with 240,000 jobs—almost half of which are held by women and many by a young, dynamic cohort—the industry still grapples with a simmering pot of challenges, including a 22% turnover rate, persistent hiring difficulties, and a reliance on foreign workers, all while trying to elevate wages and digital skills in a landscape where managers earn double the average kitchen staff.

Establishments and Operations

Total F&B establishments reached 34,500 in 2023, up 4.1%.
Hawker centres operated by NEA totaled 128 with 6,000 stalls in 2023.
New F&B licences issued 2,800 in 2023 by SFA.
F&B closures numbered 1,200 in 2023, down 15% from 2022.
QSR outlets 4,200 across Singapore in 2023.
Cafes increased to 2,900 establishments in 2023.
Cloud kitchens operational 850 in 2023.
Fine dining restaurants 450 licensed in 2023.
Hotel F&B outlets 1,200 within 80 major hotels 2023.
Franchise F&B brands 650 operating in 2023.
Halal-certified F&B outlets 5,200 in 2023.
Average F&B outlet lifespan 4.2 years in 2023 data.
Food courts total 120 managed sites with 8,500 stalls 2023.
Airport terminals host 120 F&B outlets in 2023.
Mall F&B tenancies 2,800 in top 20 malls 2023.
Pop-up F&B operations 450 launched in 2023.
F&B average seating capacity 85 seats per outlet 2023.
Sustainability certified F&B 920 outlets in 2023.
24-hour F&B operations 320 outlets in 2023.
Ghost kitchens 420 dedicated sites operational 2023.
F&B in co-working spaces 180 outlets 2023.
Annual hygiene inspections conducted 45,000 on F&B 2023.
F&B digital POS systems adoption 82% of outlets 2023.
Average rent for F&B space SGD 15 psf monthly prime 2023.
F&B startup incorporations 1,100 new in 2023.
Multi-concept F&B outlets 560 in operation 2023.

Establishments and Operations Interpretation

Singapore's F&B scene is a deliciously frantic game of culinary musical chairs where 4,100 new players joined the feast last year, even as the music stops for someone every 4.2 years on average.

Market Size and Growth

In 2023, Singapore's F&B industry contributed 1.8% to the national GDP, with a market size valued at SGD 15.2 billion.
The F&B sector in Singapore grew by 18.7% year-on-year in Q4 2023, driven by tourism recovery post-COVID.
Singapore's hawker food market segment within F&B was estimated at SGD 1.1 billion in 2022, representing 7.2% of total F&B sales.
The overall F&B market in Singapore is projected to reach SGD 18.5 billion by 2027, with a CAGR of 4.2% from 2023-2027.
In 2022, food services turnover in Singapore increased by 24.1% to SGD 13.8 billion compared to 2021.
Singapore's F&B industry saw a 12.3% expansion in 2023, fueled by inbound tourist spending averaging SGD 50 per visitor on F&B.
The premium dining segment of Singapore's F&B market grew 22% in 2023 to SGD 2.4 billion.
F&B outlets in Singapore numbered over 32,000 in 2023, supporting a market valuation of SGD 16.1 billion.
Singapore's quick-service restaurant (QSR) F&B subsector reached SGD 4.2 billion in 2023, up 15% YoY.
The F&B industry's digital adoption contributed to a 9.5% market growth in e-commerce F&B sales in 2023.
In 2023, Singapore's F&B export value hit SGD 850 million, boosting overall industry growth by 3.2%.
The halal-certified F&B market in Singapore expanded to SGD 1.9 billion in 2023, a 11.4% increase.
Singapore F&B sector's resilience post-pandemic led to a 20.5% growth from 2020 lows by end-2023.
Beverage segment within F&B grew 14.8% to SGD 3.1 billion in 2023.
F&B tourism-related revenue in Singapore surged 28% to SGD 5.6 billion in 2023.
Plant-based F&B alternatives market in Singapore valued at SGD 280 million in 2023, up 25%.
Singapore's F&B cloud kitchen market reached SGD 650 million in 2023.
Overall F&B CAGR from 2019-2023 stood at 7.8%, reaching SGD 15.9 billion peak.
Fine dining F&B segment valued at SGD 1.8 billion in 2023, growing 16.2%.
Street food F&B contributed SGD 1.4 billion, 9% of total market in 2023.
F&B industry market share of retail sector at 12.4% in 2023.
Projected F&B growth rate of 5.1% annually to 2028.
F&B R&D investment in Singapore totaled SGD 120 million in 2023.
Organic F&B products market hit SGD 450 million, 18% growth in 2023.
F&B sustainability-linked market segment at SGD 2.2 billion in 2023.
Delivery-only F&B brands revenue SGD 900 million in 2023.
F&B franchise market valued SGD 1.2 billion, 13% YoY growth 2023.
Craft beverage F&B niche grew to SGD 380 million in 2023.
F&B tech startup funding SGD 250 million supporting 6.2% growth.
Total F&B market volume 2.8 billion meals served in 2023.

Market Size and Growth Interpretation

While Singapore’s F&B industry might only be a 1.8% slice of the national GDP pie, its SGD 15.2 billion market is fiercely proving that from hawker centres to cloud kitchens, its growth, resilience, and sheer variety are the vital ingredients feeding both the economy and the nation's soul.

Revenue and Sales

In 2023, total F&B sales revenue across all outlets reached SGD 16.7 billion, with restaurants contributing 45%.
QSR chains generated SGD 4.8 billion in revenue in 2023, up 17.2% from 2022.
Hawker centres recorded SGD 1.2 billion in collective sales for 2023.
Food delivery platforms facilitated SGD 3.1 billion in F&B sales in 2023.
Cafes and coffee shops achieved average monthly revenue of SGD 45,000 per outlet in 2023.
Fine dining establishments averaged SGD 2.5 million annual revenue per outlet in 2023.
Beverage sales in F&B totaled SGD 3.4 billion, with non-alcoholic at 62% share in 2023.
Alcohol sales revenue in F&B hit SGD 1.9 billion in 2023, 12% growth.
Plant-based food sales revenue reached SGD 320 million across F&B in 2023.
Hotel F&B outlets generated SGD 2.8 billion revenue in 2023.
Average F&B outlet revenue per square meter was SGD 8,200 monthly in 2023.
Online F&B sales accounted for 22% of total revenue, SGD 3.7 billion in 2023.
Halal F&B sales revenue SGD 2.1 billion, 14% of total in 2023.
Cloud kitchen average revenue SGD 1.2 million annually per unit in 2023.
F&B export sales revenue from Singapore firms SGD 950 million in 2023.
Casual dining revenue totaled SGD 5.6 billion, 34% market share in 2023.
F&B GST revenue collected by government SGD 980 million in 2023.
Per capita F&B spending averaged SGD 1,850 annually in 2023.
Peak month F&B sales in December 2023 hit SGD 1.6 billion.
F&B revenue growth in CBD areas 21% YoY to SGD 4.1 billion in 2023.
Suburban F&B sales revenue SGD 7.2 billion in 2023.
Franchise F&B revenue SGD 1.4 billion, average per franchise SGD 800k.
Craft beer sales revenue SGD 150 million in F&B outlets 2023.
Vegan menu item sales contributed SGD 180 million to F&B revenue 2023.
F&B loyalty program driven sales SGD 2.3 billion in 2023.
Airport F&B revenue SGD 650 million post-recovery in 2023.
F&B average ticket size increased to SGD 28 per person in 2023.

Revenue and Sales Interpretation

Singapore's 2023 F&B scene served up a masterclass in economic flavor, where every quick-service burger and cloud kitchen curry proves that whether you're dining with a pinky up or grabbing takeaway from a hawker, the nation's true national pastime is feeding a $16.7 billion appetite for everything from craft beers to fine dining, all while the government happily collects its nearly billion-dollar slice of the pie.

Sources & References

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