Infographics on Singapores Food & Beverage Industry

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 *Statistics are from www.singstat.gov.sg


Formation and Cessation of business entities
For the whole F & B industry, both number of business entities formed (registered) and numbers ceased (deregistered) are going up over the years. But that's because of a growing population and a growing economy.  I think Singapore's resident population (includes expatriates and migrant workers) doubled from 1990 to the current 6 million or so. So the F&B pie is getting bigger. But at the same time the competition gets more intense. See the Green line which shows that the net increase annually  has not really grown; In recent years (after 2012) the F&B scene has actually grown more volatile with formation and cessation showing cyclic characteristics.   
Cost Components by Category
Goods and Materials, Wages and Rentals are the main components of total cost. In general all the categories have approximately the same cost structure. But rentals show the greatest variation between the categories of F&B entities. Of course Food Caterers' rental component is much lower. Restaurants wages component is the highest but note that Food Kiosks wages are not much lower. The main takeaway from all this is that to succeed, F&B entities need to have a unique product tailored to their characteristics of their target market and be able to differentiate themselves from their immediate competitors. 


Food Shops versus Food Stalls
This is a surprising finding that number of Food Shops defined as operational retail food establishments such as coffeeshops (main operator licence), restaurants, eateries, food catering businesses is going down steadiliy  (these statistics are different from business entities registered and deregistered). On the other hand Food Stalls defined as "individual food stalls located within coffeeshops, food courts, canteens, private markets and non-National Environment Agency hawker centres (which includes hawker centres managed by private owners, Housing Development Board (HDB) and JTC Corporation)" shows a strong upswing after 2021 Covid-19 period.   Looks like Singaporeans are getting more cost-conscious when it comes to food and it looks like this will become a permanent fixture of  the F&B scene, especially if the economic outlook is uncertain. . 

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