Full-service restaurants are expected to see a challenging future with prevailing economic uncertainty on one hand and a growing focus on outbound travel on the other, with these trends having the potential to undermine growth. Additionally, value focused purchasing decisions are still expected to persist in the future, due to uncertainties in the global economic outlook, possible further increases in GST, and elevated inflation.
Full-service restaurants in Singapore continue to struggle with rising operating costs, which was linked to manpower shortages and rising rents, among other factors. Operators are finding it challenging to attract individuals willing to work in restaurants given Singapore’s low unemployment rate.
The K-wave trend is unlikely to slow down over the forecast period, with interest in Korean cuisine being driven in part by the mass proliferation of Korean media such as K-Pop, K-Dramas, and K-Movies. As such, Singapore saw more chained Korean full-service restaurants enter the local landscape in 2024, as they saw the potential to capitalise on this growing demand for all things Korean.
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 Full-Service Restaurants 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 Full-Service Restaurants 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.
Full-Service Restaurants
FSR (full-service restaurants) encompasses all sit-down establishments where the focus is on food rather than on drink. FSR is characterized by table service and a relatively higher quality of food compared to quick-service units. Menus offer multiple selections and may include breakfast, lunch and dinner. Preparation of food products is often complex and involves multiple steps. NOTE: restaurants types catalogued in this segment refer to table-service only (outlets with a proper “full table service:” wait staff attending customers and taking orders at the tables). Outlets with “limited table service” are excluded from FSR. For example: outlets where customers order their food at the counter are excluded (even though the waiter will then bring the food at the table).
See all of our definitionsThis report originates from Passport, our Full-Service Restaurants 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!