Mutually Beneficial Relationship: Food Tech Successes In Singapore And Premiumisation Trend In Singapore

Key View

• The food and drinks industry in Singapore offer good growth for companies looking to gain market share through innovative offerings and an opportunity to tie the trend of premiumisation to the successes of food tech in the city.
• The attractive consumer market is supported by high disposable incomes, which will outpace inflation over the medium term (2022-2026). The increase in real income will see consumers having a greater ability and willingness to spend more on their food and drinks purchases.