As a cosmopolitan, multi-ethnic society, Singapore is a melting pot of different cultures. This is reflected in its vibrant food scene, which offers a range of cuisines, from local hawker fare to Michelin-starred fine dining establishments. In recent years, Singapore’s food and beverage (F&B) industry has also witnessed remarkable growth, emerging as a cornerstone of the nation’s economy. However, despite its success, the industry faces several challenges.
Here are some key takeaways from the latest industry trends:
🔹 F&B Industry Market Outlook
- In February 2024 alone, the total sales value of F&B services reached S$1 billion, marking a 4% year-on-year increase compared to February 2023.
- In 2024, GDP of F&B services in Singapore amounted to approximately S$5.47 billion, indicating an increase from the previous year.
- According to Singapore’s Ministry of Trade and Industry, the economy grew by 0.5% on a year-on-year basis in the second quarter of 2023, and the F&B services sector grew at 5.7% year-on-year growth.
- 40% of F&B jobs in Singapore require moderate to extensive job redesign in the near future.
🔹 Workforce challenges in Singapore F&B
- Singapore’s food services sector is tight on manpower and reliant on an aging workforce.
- 2024 saw a record high of more than 3,000 F&B services ceasing business, including several ventures helmed by world-renowned chefs.
- There is a significant shortage of skilled hospitality & F&B professionals, particularly chefs and service staff, as the demand for high-quality professionals continues to grow for F&B jobs in Singapore.
- High turnover rates remain a challenge due to the demanding nature of hospitality roles, especially in kitchen and service positions.
🔹 Optimising Work Structure
- Shorter shifts, better shift rotations, capped work hours as well as flexible working roles, where feasible would reduce burnout in F&B sector.
- With rapid tech advancements, businesses are turning to AI solutions to streamline operations, reduce costs, and improve customer experiences.
- Job stacking is a solution that improves staff agility which is important in response to pressure such as shifting operating models and tight manpower supply.
- Existing workers in the sector require a moderate level of reskilling such as Business Management Skills and Digital Skills to take on these stacked roles, as job holders will have to undergo on-the-job training and continuous education.
(Insights driven by resources: Statista, LinkedIn, Workforce Singapore)
CGP Personnel: Your Recruitment Partner to Fill F&B Roles Faster
In the ever-changing world of Singapore F&B sector , finding the right people is crucial for restaurants and food businesses to succeed. CGP Personnel is here to help you find the perfect fit for this diverse industry. Our job is to bring together enthusiastic individuals with exciting opportunities in F&B, making sure it’s a great match through our customised recruitment services.
At CGP, we specialize in:
- Tailored recruitment for F&B roles across all levels
- Workforce solutions that align with your strategic goals and business growth
Ready to grow your F&B workforce with top-tier talent? Contact us to explore how we can help you scale your team and meet the demands of today’s dynamic F&B landscape.
Interested in opportunities beyond F&B?
Discover how the retail sector is evolving and what roles are in demand across the country.
👉 Read more about employment trends in Singapore’s Retail sector
