F&B sector sees 2.8% decline in March with soft demand

Total F&B sales fell 2.8% compared to the same month last year, following a 5.7% decline in February.

Singapore’s food and beverage (F&B) sector continued to contract in March 2025, with sales declining both YoY and MoM.

According to the Department of Statistics, total F&B sales fell 2.8% compared to the same month last year, following a 5.7% decline in February. On a seasonally adjusted basis, sales dropped 3.2% from the previous month, pointing to ongoing weakness in consumer demand.

The total value of F&B sales in March was estimated at $960m. Of this, 24.9% came from online transactions, up from 23.2% in February. This reflects a steady increase in the adoption of online ordering through delivery platforms and digital channels.

Among the different F&B segments, food caterers were the only category to register growth, with a 19.6% increase in year-on-year sales. In contrast, restaurants saw a 6.6% drop, whilst cafes, food courts and other eating places recorded a 4.2% decline. Fast food outlets also saw sales fall by 3.6%.

On a MoM basis, all F&B categories reported lower sales. Restaurants declined by 3.8%, cafes and food courts by 4.1%, fast food outlets by 0.8%, and food caterers by 1.7%. This marks the second consecutive month of across-the-board declines for the sector.