Meal deals and combinations is the leading food category constituting the majority of market share by the number of menu items offered in restaurants, followed by the salads & sides and soft drinks categories, according to GlobalData’s menu intelligence database. According to GlobalData’s menu analysis of the meal deals and combinations category in Singapore report, the meal deals and combinations category constitutes a 59% share among all restaurant types in Singapore foodservice market. The report analyses 33,525 menu items from different foodservice outlets in Singapore and provides an overview of the food categories available across its foodservice channel. Buy the report here.
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Chicken was found to be the most-used ingredient in the meal deals and combinations category, featuring in 15% of menu items, followed by rice and noodle. Fish & seafood and pork were also significant ingredients.
An analysis of the annual price change between 2022 and 2023 indicates that the average menu prices in the meal deals and combinations category have dropped by 0.13%. As on-premises dining gains momentum following the COVID-19 pandemic, the meal deals and combinations category in Singapore is expected to experience overall growth.
Different categories exhibited mixed price movements within Singapore foodservice market between 2022 and 2023. Of all the categories, the sharing platters & tapas category exhibited the highest price increase, while meal deals and combinations experienced a maximum price decrease.
An in-depth analysis of the meal deals and combinations category price trend by location reveals consumption trends of each region. The graph below represents the change in meal deals and combinations category menu prices during 2021-2023 across the top five locations. As seen below, meal deals and combinations category menu items in Apache Junction became more affordable as compared to Singapore and Apache Junction.
While consumers become more price conscious, operators look for ways to optimize their costs to retain margin and market share. In Singapore market, restaurants 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 flavours of their food and beverage offerings in a convenient format to enhance customer engagement.
To further understand and explore GlobalData’s insight into Singapore category 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.
