F&B sector set to grow as mass-market segment sizzles

Singapore's F&B sector is projected to grow at a 2.1% compound annual growth rate (CAGR) over the next five years amidst robust expansion in the mass market segment, according to a report from DBS. Defined as a segment with a per-head spend of $20 or less, the mass-market sector is estimated to be worth $6.2b or 75% of the overall F&B market. Companies in the mass-market segment have demonstrated healthy growth through acquisitions such as NTUC Foodfare’s acquisition of Kopitiam and BreadTalk’s planned acquisition of Food Junction.

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