Singapore: Consumer Profile
Description
The population of Singapore reached 6.1 million in 2025, and is forecast to grow by only 3.5% between 2025 and 2040, to 6.3 million. The defining forces in the market are among the world’s lowest fertility rate, rapid ageing and reliance on migration, set against high incomes, high savings and near-universal digital adoption.
Euromonitor's Singapore: Consumer Profile report analyses factors influencing national consumer expenditure. Consumer lifestyles reports include coverage of: population, urban development, home ownership, household profiles, labour, income, consumer and family expenditure, health, education, eating habits, drinking habits, shopping habits, personal grooming, clothing, leisure habits, savings and investments, media, communication, transport and travel and tourism. Use this report to understand the factors influencing a nation's lifestyle choices.
Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.
Why buy this report?
* Get a detailed picture of the Economy market;
* Pinpoint growth sectors and identify factors driving change;
* Understand the competitive environment, the market’s major players and leading brands;
* Use five-year forecasts to assess how the market is predicted to develop.
Euromonitor's Singapore: Consumer Profile report analyses factors influencing national consumer expenditure. Consumer lifestyles reports include coverage of: population, urban development, home ownership, household profiles, labour, income, consumer and family expenditure, health, education, eating habits, drinking habits, shopping habits, personal grooming, clothing, leisure habits, savings and investments, media, communication, transport and travel and tourism. Use this report to understand the factors influencing a nation's lifestyle choices.
Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.
Why buy this report?
* Get a detailed picture of the Economy market;
* Pinpoint growth sectors and identify factors driving change;
* Understand the competitive environment, the market’s major players and leading brands;
* Use five-year forecasts to assess how the market is predicted to develop.
Table of Contents
43 Pages
- Scope
- Key findings
- Key drivers affecting consumers in Singapore in 2025
- How developments today shape the consumer of tomorrow
- Ultra-low fertility leaves migration to drive growth
- Cholesterol tops an ageing city’s health risks
- The population is ageing sharply as it nears 6.3 million
- Opportunities for growth
- Households near 2 million as they continue to shrink
- Almost everyone owns an apartment
- Ageing and solo living reshape Singapore’s household structure and consumer demand
- Universal connectivity drives advanced digital consumer economy and commerce
- A GST rise keeps cost of living in focus
- Financial confidence supports healthy ageing and lifestyle-focused consumer spending
- Wealth concentrates in a global financial hub
- Key findings consumer survey
- Millennials look for healthy food and high-quality household essentials
- Selective value-seeking in a high-cost city
- Sustainability and healthy ageing shape values
- Strong savings and financial resilience underpin confident long-term consumer spending
- Low unemployment and AI drive workforce adaptation and higher career ambitions
- Key takeaways
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