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Asia retail trends 2023

We highlight five trends that we expect to shape Asia grocery retail market over the next 12 months and beyond.

FairPrice: data

See data on the retailer’s performance and forecasts for its operations by channel.

Asia Pacific channel forecasts
2022 – 2027

This report shares the Asia Pacific view of our channel forecasts to 2027, combining data from 14 major markets across the region. 

Singapore Country Presentation

A guide to Singapore’s grocery market and how we expect the country, its leading retailers and channels to evolve over the next five years.

Latest News

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PDD Holdings, home to the rising cross-border online discount platform, has reported a year-on-year increase of over 90% in revenue, amounting to $9.44 billion in Q3. Temu has come under the spotlight of many online retailers since the platform rose to the top of app stores in the US in just a few weeks and has now gained a presence in 48 countries, including the U.K., Spain, and Australia. While PDD has not disclosed the breakdown of Temu’s performance, it is expected that Temu was the major driver for its revenue growth.

More News

FairPrice Singapore’s food court chain, Kopitiam, recently announced a 50 cents breakfast set promotion, as part of efforts to combat inflation and the cost of living crisis. Heavily discounted set The discounted breakfast set is called the Kopitiam Signature Breakfast Set, which consists of kaya butter toast, two eggs, and a choice of hot coffee or tea. At a price of SGD0.50 (US$0.37), ...
As inflation’s impact on grocery retail continues, we’ve published the second report in a quarterly series of how retailers are responding to the cost-of-living crisis. The new edition provides inspiration from around 50 retailers in 20 markets and in this article, we’ve picked out some of our favourite initiatives from around the world.   Price: Amazon UK offer simple value taxonom...
FairPrice opened its 35th Finest store in Woodleigh Mall in Singapore, with a 26-seater dining area. I had a quick peek to see how it has expanded the Grocer Bar concept, first launched in its Centrepoint store. The new store is 25,000 sq ft and opens for 24 hours daily.  1. Grocer Cafe Tiong Hoe Specialty cafe features freshly brewed coffee and cold brews from local artisans, Tiong Hoe Spe...
5-year forecasts to 2028

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Gain a view of what future growth to expect and start building your long-term strategy with our retailer and market forecasts to 2028.

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