, Singapore
Photo by Jack Hunter on Unsplash

F&B sales growth moderates to 13.9% in December 

In November, F&B sales grew 25.0% YoY.

Food and beverage (F&B) sales grew slower in December, jumping 13.9% YoY from a 25.0% YoY increase in November. Sales value clocked in at $1.0b.

Of the total sales value, 22.8% was from online sales.

According to the Department of Statistics Singapore (Singstat), all F&B services industries recorded year-on-year increases in sales in December 2022.

Amongst industries, Food Caterers recorded the largest increase, soaring 115.8% YoY, followed by Fast Food Outlets, which saw a 14.6% jump in sales.

Sales of Restaurants and Cafes, Food Courts & Other Eating Places also rose in December by 5.5% and 10.5%, respectively.

Follow the link for more news on

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!