Retail in Singapore Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Retail Industry in Singapore is segmented by Products into Food and Beverages, Personal and Household Care, Apparel, Footwear and Accessories, Furniture, Toys and Hobby, Electronic and Household Appliances, and Other Products, and by Distribution Channel into Hypermarkets, Supermarkets and Convenience Stores, Specialty Stores, Department Stores, E-commerce, and Other Distribution Channels. The report offers market size and forecasts for the Singaporean retail industry in Value (USD million) for all the above segments.

Retail in Singapore Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Singapore Retail Market Size

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Singapore Retail Market Summary
Study Period 2019 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Historical Data Period 2019 - 2023
CAGR 3.00 %

Major Players

Singapore Retail Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Singapore Retail Market with other markets in Retail Industry

General Retail

Retail Stores

Travel Retail

Singapore Retail Market Analysis

The Singapore Retail Market is expected to register a CAGR of greater than 3% during the forecast period.

As the retail landscape transformed with the COVID-19 outbreak, it has become increasingly important for retailers to adapt to multiple sales channels. The trend of more consumers going for e-commerce platforms to purchase several important goods and services has increased in the country, fuelled by the closure of many physical retailing spaces and brick-and-mortar stores due to the safety measures. With the rising number of businesses planning to switch to the e-commerce channel, the Singaporean government introduced the Digital Resilience Bonus under the SMEs Go Digital program to encourage more businesses to digitalize. This includes a payout of up to SGD 5,000 for eligible businesses, should PayNow Corporate and e-invoicing and business process or e-commerce solutions be adopted.

Singapore Retail Industry Overview

The report covers major players operating in the Singaporean retail sector. In terms of market share, few major players currently dominate the market. The organized retail market has been growing significantly with companies expanding stores and considering the business potential in new areas. Most unorganized retail outlets are increasingly being replaced with big retail hypermarkets, supermarkets, and other retail chains. This is expected to continue on a large scale during the forecast period, which will significantly lead to market growth.

Singapore Retail Market Leaders

  1. Japan Foods Holding Ltd

  2. Sheng Siong Group Ltd

  3. Watsons

  4. ABR Holdings Ltd

  5. Dairy Farm International Holdings (DFI)

  6. *Disclaimer: Major Players sorted in no particular order
Singapore Retail Market Concentration
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Singapore Retail Market News

In April 2021, Singapore homegrown retailer Naiise has shut down after struggling to survive through the pandemic, with its owner Dennis Tay filing for personal bankruptcy.

Singapore Retail Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions and Market Definition
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET INSIGHTS AND DYNAMICS

  • 4.1 Market Overview
  • 4.2 Market Drivers
  • 4.3 Market Restraints/Challenges
  • 4.4 Value Chain / Supply Chain Analysis
  • 4.5 Porter's Five Forces Analysis
  • 4.6 Consumer Behavior Analysis
  • 4.7 Insights on Technological Innovations in the Retail Industry
  • 4.8 Impact of COVID-19 on the Market

5. MARKET SEGMENTATION

  • 5.1 By Product
    • 5.1.1 Food and Beverage
    • 5.1.2 Personal and Household Care
    • 5.1.3 Apparel, Footwear, and Accessories
    • 5.1.4 Furniture, Toys, and Hobby
    • 5.1.5 Electronic and Household Appliances
    • 5.1.6 Other Products
  • 5.2 By Distribution Channel
    • 5.2.1 Hypermarkets, Supermarkets, and Convenience Stores
    • 5.2.2 Specialty Stores
    • 5.2.3 Department Stores
    • 5.2.4 E-commerce
    • 5.2.5 Other Distribution Channels

6. COMPETITIVE LANDSCAPE

  • 6.1 Market Concentration Overview
  • 6.2 Company Profiles
    • 6.2.1 Japan Foods Holding Ltd
    • 6.2.2 Sheng Siong Group Ltd
    • 6.2.3 Watsons
    • 6.2.4 RedMart Ltd
    • 6.2.5 ABR Holdings Ltd
    • 6.2.6 NTUC
    • 6.2.7 QAF Limited
    • 6.2.8 U Stars
    • 6.2.9 Dairy Farm International Holdings (DFI)
    • 6.2.10 Font Creative Pte Ltd*
  • *List Not Exhaustive

7. FUTURE OF THE SINGAPORE RETAIL SECTOR

8. DISCLAIMER

9. ABOUT US

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Singapore Retail Industry Segmentation

The report on the Singapore retail sector provides a comprehensive evaluation of the market, with an analysis of the segments in the market. The Singapore Retail Sector is segmented by Products into Food and Beverages, Personal and Household Care, Apparel, Footwear and Accessories, Furniture, Toys and Hobby, Electronic and Household Appliances, and Other Products. By Distribution Channel, the market is segmented into Hypermarkets, Supermarkets and Convenience Stores, Specialty Stores, Department Stores, E-commerce, and Other Distribution Channels. The report offers market size and forecasts for the Singapore retail sector in Value (USD million) for all the above segments.

By Product Food and Beverage
Personal and Household Care
Apparel, Footwear, and Accessories
Furniture, Toys, and Hobby
Electronic and Household Appliances
Other Products
By Distribution Channel Hypermarkets, Supermarkets, and Convenience Stores
Specialty Stores
Department Stores
E-commerce
Other Distribution Channels
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Singapore Retail Market Research FAQs

What is the current Singapore Retail Market size?

The Singapore Retail Market is projected to register a CAGR of greater than 3% during the forecast period (2025-2030)

Who are the key players in Singapore Retail Market?

Japan Foods Holding Ltd, Sheng Siong Group Ltd, Watsons, ABR Holdings Ltd and Dairy Farm International Holdings (DFI) are the major companies operating in the Singapore Retail Market.

What years does this Singapore Retail Market cover?

The report covers the Singapore Retail Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Singapore Retail Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Retail in Singapore Industry Report

Statistics for the 2025 Singapore Retail market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Singapore Retail analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.