Singapore is a vibrant and diverse city-state with a thriving food scene. The food industry in Singapore is highly competitive, but it also offers many opportunities for entrepreneurs to succeed. If you are interested in starting a food business in Singapore, there are a few things you need to know.
Importance and Benefits
The food industry is a major part of the Singaporean economy. In 2022, the food and beverage (F&B) sector contributed S$9.3 billion to Singapore’s GDP. The F&B sector also employs over 300,000 people in Singapore.