{"id":12235,"date":"2025-05-19T07:30:00","date_gmt":"2025-05-19T07:30:00","guid":{"rendered":"https:\/\/www.restroworks.com\/blog\/?p=12235"},"modified":"2025-06-08T08:49:44","modified_gmt":"2025-06-08T08:49:44","slug":"restaurant-statistics-singapore","status":"publish","type":"post","link":"https:\/\/dev.restroworks.com\/blog\/restaurant-statistics-singapore\/","title":{"rendered":"Restaurant Statistics Singapore: Market Size, Growth Trends & Dining Insights"},"content":{"rendered":"\t\t
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Singapore\u2019s food and beverage (F&B) sector is one of the country\u2019s most active and closely watched industries. In 2024, the restaurant services index reached <\/span>98.75<\/span><\/a>, indicating a steady recovery from the post-pandemic era.\u00a0<\/span><\/p>

But growth hasn’t come easily. In 2024, over<\/span> 3,000 F&B outlets<\/span><\/a> shut down \u2014 the highest number of closures in two decades. Rising operational costs, higher overseas spending, and increasing prices, along with weaker local demand, are forcing restaurants to rethink how they operate and scale.<\/span><\/p>

For restaurant owners, investors, and suppliers, staying ahead means going beyond gut instinct. It requires an in-depth understanding of market data and consumer behavior \u2014 what people are spending on, how often they eat out, and what they now expect from a dining experience.\u00a0<\/span><\/p>

This blog brings together the latest restaurant statistics and emerging trends in Singapore to help you make smarter decisions in the high-stakes restaurant industry.<\/span><\/p>

Restaurant Statistics Singapore: Market Size and Growth<\/b><\/h2>

The Singaporean foodservice market is estimated to be worth <\/span>$28.92 billion in 2025<\/span><\/a>, with a CAGR of 18.70% from 2025 to 2030.\u00a0<\/span><\/p>

Moreover, in 2024, the foodservice profit sector, including full-service and quick-service restaurants, cafes, pubs, and bars, reached a value of <\/span>SGD 15.1 billion<\/span><\/a>.\u00a0<\/span><\/p>

Quick-service restaurants (QSRs) were the largest profit sector channels, accounting for <\/span>39.4%<\/span><\/a> of this value, respectively. The growth can be attributed to diverse culinary preferences, increased demand for delivery services, and a dine-out culture encouraged by tech-savvy dining experiences.\u00a0<\/span><\/p>

Inside Singapore\u2019s Restaurant Market<\/b><\/h2>

\"Overview<\/p>

1. Food and Beverage Services Sales<\/b><\/h3>

In August 2024, Singapore’s food and beverage services sales saw a <\/span>4.3% YoY growth<\/span><\/a> and a seasonally adjusted growth of 3.5% compared to July 2024. Here\u2019s a quick look at the <\/span>segment-wise sales<\/span><\/a> and performance on a month-on-month basis-<\/span><\/p>