Singapore Retail Market Size by Sector and Channel including Online Retail, Key Players and Forecast, 2022-2026
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Singapore Retail Market Overview
The Singapore retail market size was valued at SGD44.5 billion in 2021 and is expected to achieve a CAGR of more than 3% during 2021-2026. The Singapore retail market research report provides a comprehensive overview of the trends in the market and sectors by value.
The report reveals the major retailers by market share in each of the sectors along with their price and market positioning in 2021. It provides both historic and forecast market data for total retail sales in New Zealand. It also illustrates the data with charts, graphs, and tables summarizing the value trends, with individual sector details in overall retail. Furthermore, the forecast includes the impact of COVID-19 on growth.
Singapore Retail Market Outlook
To gain more information about the Singapore retail market forecast, download a free report sample
Singapore Retail Market Segmentation by Sectors
The key sectors in the Singapore retail market are food & grocery, clothing & footwear, electricals, health & beauty, furniture & floor coverings, DIY & garden, and homewares among others. Food & grocery was the largest sector by expenditure in 2021.
Food & Grocery: The food & grocery sector can be further segmented into drinks, food, household products, and tobacco.
Health & Beauty: The health & beauty sector can be further segmented into cosmetics & toiletries and healthcare products.
Electricals: The electrical sector can be further segmented into communications equipment, computer hardware & software, consumer electronics, household appliances, and photographic equipment.
Singapore Retail Market Analysis, by Sectors
For more sector insights into the Singapore retail market, download a free report sample
Singapore Retail Market Segmentation by Distribution Channel
Some of the key distribution channels in the Singapore retail market are hypermarkets, supermarkets, & hard discounters, online, electrical & electronic specialists, convenience stores & gas stations, clothing, footwear, & accessories specialists, home furniture & floorcoverings specialists, department stores, and other specialist retailers. Hypermarkets, supermarkets, & hard discounters had the largest share of the Singapore retail market in 2021.
Singapore Retail Market Analysis, by Distribution Channels
For more distribution channel insights into the Singapore retail market, download a free report sample
Singapore Retail Market - Competitive Landscape
The leading players in the Singapore retail market are qoo10, UNIQLO, FairPrice, Sheng Siong, Courts, Apple, Watsons, Unity, Ikea, and Harvey Norman.
Singapore Retail Market Report Overview
Market Size (2021) | SGD44.5 billion |
CAGR (2021-2026) | >3% |
Key Sectors | Food & Grocery, Clothing & Footwear, Electricals, Health & Beauty, Furniture & Floor Coverings, DIY & Garden, and Homewares |
Key Distribution Channels | Hypermarkets, Supermarkets, & Hard Discounters, Online, Electrical & Electronic Specialists, Convenience Stores & Gas Stations, Clothing, Footwear, & Accessories Specialists, Home Furniture & Floorcoverings Specialists, Department Stores, and Other Specialist Retailers |
Leading Players | qoo10, UNIQLO, FairPrice, Sheng Siong, Courts, Apple, Watsons, Unity, Ikea, and Harvey Norman |
Reasons to Buy
- Gain a comprehensive view of the retail industry and forecasts to 2026
- Explore new opportunities that will allow you to align your product offerings and strategies to meet demand following the impact of COVID-19 on the retail market
- Investigate current and forecast trends in retail sectors to identify the opportunities offering the most potential
- Understand who the main competitors are in the sectors and their price positioning
UNIQLO
FairPrice
Sheng Siong
Courts
Apple
Watsons
Unity
Ikea
Harvey Norman
Table of Contents
Frequently asked questions
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What was the Singapore retail market size in 2021?
The retail market size in Singapore was valued at SGD44.5 billion in 2021.
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What is the Singapore retail market growth rate?
The retail market in Singapore is expected to achieve a CAGR of more than 3% during 2021-2026.
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What are the key sectors in the Singapore retail market?
The key sectors in the Singapore retail market are food & grocery, clothing & footwear, electricals, health & beauty, furniture & floor coverings, DIY & garden, and homewares, among others.
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What are the key distribution channels in the Singapore retail market?
Some of the key distribution channels in the Singapore retail market are hypermarkets, supermarkets, & hard discounters, online, electrical & electronic specialists, convenience stores & gas stations, clothing, footwear, & accessories specialists, home furniture & floorcoverings specialists, department stores, and other specialist retailers.
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Who are the leading players in the Singapore retail market?
The leading players in the Singapore retail market are qoo10, UNIQLO, FairPrice, Sheng Siong, Courts, Apple, Watsons, Unity, Ikea, and Harvey Norman.
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