Grocery market in Singapore
The Singapore Grocery eCommerce market is predicted to reach US$940.9 million by 2024 and accounts for 11.0% of the total eCommerce market in Singapore. It is expected to increase over the next years. The expected compound annual growth rate for the next four years (CAGR 2024-2028) will be 25.5%, resulting in a projected market volume of US$2,332.3 million by 2028. Within the Grocery market ECDB considers the following two sub-markets: Food and Beverages.
Market development
eCommerce revenue development in the Frozen Ready Meals market in Singapore
The Singapore Frozen Ready Meals eCommerce market is predicted to reach US$4.0 million by 2024 and accounts for 15.1% of the Frozen Food eCommerce market in Singapore. It is expected to increase over the next years. The expected compound annual growth rate for the next four years (CAGR 2024-2028) will be 24.0%, resulting in a projected market volume of US$9.5 million by 2028. The Frozen Ready Meals eCommerce market is a sub-market of the Frozen Food market. Further categories within the Frozen Food market are: Frozen Pizzas, Frozen Vegetables, Ice Creams, and Other Frozen Food.
eCommerce revenue development in the Frozen Ready Meals market in Singapore
eCommerce revenue growth in the Frozen Ready Meals market in Singapore
Net eCommerce revenue split by sub-category
2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | |
---|---|---|---|---|---|---|---|---|
Revenue (in mUS$) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
Growth (in %) | 40.7 | 26.9 | 64.9 | 85.8 | 26.8 | 59.1 | 59.1 | 68.8 |
Market definition
Definition of the Frozen Ready Meals market within the Grocery market
Market definition: Grocery > Food > Frozen Food > Frozen Ready Meals The category Frozen Ready Meals includes the online trade of frozen ready meals (e.g. frozen lasagna, frozen stir-fry, frozen macaroni and cheese). This category does not cover frozen pizzas and chilled ready meals. All monetary figures refer to the annual gross revenue and do not factor in shipping costs.
In-scope
- Frozen ready meals (e.g. frozen lasagna, frozen stir-fry, frozen macaroni and cheese)
Out-of-scope
- Frozen pizzas
- Chilled ready meals
Market comparison
The Singapore Frozen Ready Meals market in a global comparison
Market comparison by growth, online share, and revenue in 2023
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