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Consumer Values and Behaviour in Singapore

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Description

This report visually explores everyday habits and behaviours  that reflect consumers' beliefs and values, linking behaviourial trends with purchase and consumption habits in Singapore.

Euromonitor's Consumer Values and Behaviour in Singapore report analyses factors influencing national consumer expenditure. Consumer lifestyles reports include coverage of: population, urban development, home ownership, household profiles, labour, income, consumer and family expenditure, health, education, eating habits, drinking habits, shopping habits, personal grooming, clothing, leisure habits, savings and investments, media, communication, transport and travel and tourism. Use this report to understand the factors influencing a nation's lifestyle choices.

Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.

Why buy this report?

Get a detailed picture of the Consumer Values market; Pinpoint growth sectors and identify factors driving change; Understand the competitive environment, the market's major players and leading brands; Use five-year forecasts to assess how the market is predicted to develop.
Table of Contents
Product Code: CLSGcv

TABLE OF CONTENTS

Consumer not as dedicated to branded goods as global counterparts

Trying new products and services appeals to all generations

Consumers have strong faith in their long-term investments

Singaporeans have slightly more pessimistic outlook over next 5 years

Outlook on activities shifting to in-person mirrors global average

Younger generations feel they will be better off but will be working more

Outlook on greater engagement in community lower than global average

Over half of respondents feel that climate change will have more impact

Gen Z have a more positive outlook on the next five years

Connecting virtually and video-gaming top home activities for Gen Z

Energy efficient homes appeal to residents in a hot and humid climate

Low car ownership rates drives need for easy access to public transport

Low levels of home cooking as ready-made food so accessible

Convenience of eating out/ordering in barrier to home cooking

Older consumers find it difficult to find enough time to cook

Healthy ingredients important to over half of respondents

Millennials more inclined to closely read nutrition labels

More women looking for more flexibility in their working life than men

Work-life balance key component in workplace for all generations

Job security and high salaries key considerations for workforce

Gen Z want to work for companies that are ethically/socially responsible

Consumers in Singapore value opportunities to simplify their lives

Gen Z feel under more pressure to get things done than other cohorts

Online socialising has become the established way to connect

All generations socialise online regularly; Millennials go on more day trips

Shopping as a leisure activity is highly popular amongst Singaporeans

More Millennials go to the cinema than other generations

Singaporeans walk and hike for exercise to optimise health and wellness

Running and jogging popular exercise habits, particularly for Millennials

Men have used sleep aids more than women in previous six months

Massage is most popular stress-reduction activity in Singapore

Over 60% worried about climate change and try to have positive impact

Millennials most worried about climate change

Green behaviours in Singapore higher than global average

Baby Boomers reducing food waste, plastic use and recycling more

Consumers less likely to buy sustainably-produced items than globally

Using energy efficient products top green activities across all generations

Consumers align themselves with brands that reflect their beliefs/values

Gen Z very active in supporting causes that support their values

Price-sensitive consumers like to find bargains and enjoy mall shopping

Millennials not as keen on shopping but like to use their loyalty cards

Consumers avoiding buying goods and services unless necessary

Gen Z show strong willingness to participate in the circular economy

Consumers prefer in-store channels for personal goods and electronics

Smartphones used more than other channels to order food for delivery

Few consumers intend to cut spending on their health and wellness

Millennials more focused on increasing spending on their health

Privacy concerns foster low rates of sharing personal data online

Half of Millennial respondents prefer to communicate online

Consumers have low interest in sharing purchases on social media

Millennials more likely to interact with company representatives online

Singaporeans are very active using apps to track their health and fitness

Millennials frequently use mobile banking and make in-store payments