, Singapore
499 view s
Photo by Helena Lopes via Pexels

Why grocery shoppers in Singapore are turning to house brands

95% of Singaporean shoppers bought house brands in the past year.

Singaporean grocery shoppers are increasingly turning to house brands as they seek to manage their budgets amidst rising prices. 

According to NielsenIQ’s latest Shopper Trends report, 63% of consumers choose house brands for their lower prices, whilst 48% appreciate the better value for money.

The report revealed that 95% of Singaporean shoppers bought house brands in the past year, with 33% buying more now compared to 27% in 2021. Paper products are the most popular house brand items, accounting for 49% of purchases, followed by household products at 40%.

Heightened price sensitivity is evident across Asia, with 80% of Singaporeans now paying closer attention to prices. This shift is impacting shopping behavior, with 89% feeling the effects of inflation and 65% focusing only on essential items. The desire for deals is also growing, with 59% seeking discounts, up from 47% in 2021.

Moreover, shoppers are exploring multiple retail channels for value and convenience. In Singapore, 75% visit more than one grocery store, averaging 2.9 stores over four weeks, up from 2.7 in 2022. 

Singaporeans use an average of 5.1 channels, a 42% increase from 2019. Online shopping is the most popular, with 66% making online purchases, followed by hypermarkets (24%) and convenience stores (6%).

“With the growing trend of customers looking to maximise value and online shopping, retailers with house brands should seize this market opportunity for their product and channel offerings, and work to build brand love as well as customer loyalty,” said Ervin Ha, Consumer and Marketing Insights Leader (Singapore) at NIQ.


 

Join Retail Asia community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Exclusives

Swarovski cracks TikTok to scale luxury amongst Gen Zs
The Austrian glassmaker is working with influencers to connect with the Singaporean market.
Starbucks Korea opens high-tech store in Seoul
Its first reserve-only branch features AR art installations and a Mixology Bar.