Asian cuisine was one of the cuisine types in Singapore, along with Chinese and International cuisines, according to GlobalData’s menu intelligence database. In its menu analysis of Asian cuisine in Singapore report, GlobalData analyses 39,832 menu items in Singapore and provides an overview of the cuisines available across the foodservice channel in Singapore. According to the report, Asian cuisine makes up 6% of all restaurant types in Singapore. Buy the report here.
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Fish & seafood was found to be the most-used ingredient in Asian cuisine featuring in 9% of menu items, followed by noodle and rice. Chicken and fruit were also significant ingredients.
An analysis of the annual price change between 2023 and H1 2024 indicates that the average menu prices in the Asian cuisine have risen by 0.04%. As on-premises dining gains momentum following the COVID-19 pandemic, the Asian cuisine in Singapore is expected to experience overall growth.
Different cuisines exhibited mixed price movements within Singapore foodservice market between 2023 and H1 2024. Of all the cuisines, South Korean cuisine exhibited highest price increase, while Chinese cuisine experienced a maximum price decrease.
An in-depth analysis of Asian cuisine price trend by location reveals consumption trends of each region. The graph below represents the change in Asian cuisine menu prices during 2022-2024 across the top five locations. As seen below, Asian cuisine menu items in Singapore became more affordable as compared to Singapore and NULL.
While consumers become more price conscious, operators too, look for ways to optimize their costs to retain margin and market share. In the Singaporean market, restaurant operators rely on innovation as a crucial tactic to appeal to customers as well as optimize costs. As increasing number of consumers seek novel experiences, foodservice operators must continuously innovate their menu choices, providing superior taste and quality along with a diverse selection of dishes. Operators should highlight the distinctive tastes and flavors of their food and beverage offerings in a convenient format to enhance customer engagement.
To further understand and explore GlobalData’s insight into Singapore cuisine menu, buy the report here.
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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
GlobalData’s Online Menu Intelligence is a database of cost and profit foodservice operators on menus within Foodservice Intelligence Center. The tool’s several search options, such as cuisine, category, menu item, ingredient, and restaurant, help users to conduct focused searches in terms of price analysis (average price and change in prices), menu item claims, popular categories, cuisine/ingredient penetration levels, etc.
