Key View

• We forecast fruit spending in Singapore to grow by a compounded annual growth rate of 4.6% over the medium term (2021-2025) period, outperforming headline food spending over the same period.
• The wealthy and health-conscious Singaporean households will bolster the demand for premium fruits, with household disposable income of more

Key View

• As Singapore's automotive sales market enters its growth cycle (vehicle replacement cycle), the wealthy population and the government will prioritise the purchase of electric vehicles (EVs) over internal combustion-engined (ICE) vehicles.
• The government will also accelerate the development of its nascent EV-charging infrastructure

Key View

• In June 2021, the Thai plant-based Let's Plant Meat launched two plant-based products in its first overseas market, Singapore, after its initial launch in Thailand. The manufacturer will join a growing list of alternative protein manufacturers that have expanded into Singapore.
• We highlight that Singapore has a supportive regulatory

Key View

• On May 26 2021, the plant-based meat manufacturer Impossible Foods launched its first ready-to-eat Impossible Burger across more than 300 7-Eleven stores in Singapore, making it the first plant-based meat manufacturer to offer a ready-to-eat product in the city.
• We highlight that Singapore has a supportive regulatory framework and

Key View

• Singapore will revise public healthcare subsidy framework to benefit those with greater needs.
• Changing demographics drive increased demand for medicines. 
• Ageing demographics will drive online healthcare uptake. 

Singapore will revise public healthcare subsidy framework to benefit those with greater needs. This comes with the

Key View

• We at Fitch Solutions forecast Singapore's alcoholic drinks sector to recover in 2021, with spending projected to grow by 2.6% annually over the medium term (2021-2025) following an estimated contraction of 9.3% in 2020.
• Beer will remain as the primary beverage of choice, with growth primarily driven by the middle- and upper-class

Key View: At Fitch Solutions, we believe there is opportunity for mass grocery retailers in Singapore to develop and strengthen their portfolio of private label offerings. We forecast household disposable income growth to slow down and an uptick in inflation over the medium term, causing consumer spending in Singapore to come under pressure

Key View

• We expect pay-TV subscriptions in Singapore to gradually decline through our 10-year forecast period as over-the-top (OTT) streaming services proliferate.
• Efforts by operators to reposition their offerings to become ‘mobile-first’ will largely be unsuccessful in reversing the declining market trend.
• Access to sports, namely the

Key View

• The pharmaceutical industry is an increasingly important component of Singapore's manufacturing sector.
• Pharmaceutical exports are a bright spot for Singapore's economy, as the Covid-19 pandemic drives demand.
• Development of innovative pharmaceuticals is a long-term ambition of the government of Singapore.

The pharmaceutical