Singapore: fast food outlets operating revenue| ��ƽ��

Value of income earned from business operations of fast food outlets in Singapore from 2014 to 2023 (in million Singapore dollars)

Characteristic	Income value in million Singapore dollars
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Release date

February 2025

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Region

Singapore

Survey time period

2014 to 2023

Supplementary notes

One Singapore dollar equals to approximately 0.75 U.S. dollars or 0.69 euros as of March 2025.

According to the source, this refers to "income earned from business operations, i.e. income from services rendered, sale of goods, commission fees and rental of premises, machinery and equipment."

Citation formats

In 2023, the income of fast food outlets in Singapore amounted to approximately **** billion Singapore dollars. Singapore has a mature and highly competitive fast food industry, with a wide variety of international and local operators.

Singapore’s fast food sector among most competitive in F&B

Fast food outlets have the highest operating revenue per square meter of all food service establishments in Singapore. This is due to the high customer turnover and sales volume in such quick service food outlets, compared to a full-service restaurant. Fast food establishments also have lower operating costs, especially in terms of remuneration and prices of goods and materials, the two highest operating costs for food and beverages establishments.

Slowing growth and sales in a mature and saturated fast food market

Despite the popularity of fast food among people in Singapore, sales of fast food decreased in 2023 compared to the previous year. Despite slowing sales growth, more new fast food outlets are opening in Singapore than closing. Popular U.S. fried chicken fast-food chain Chick-fil-A is the latest new entrant in Singapore’s fast food scene, with plans to open its first franchises there in 2025.