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Ministry of Energy, Trade and Industry
3. Parliamentary replies

Written reply to PQ on Reassessing Food and Beverage sector’s economic contribution following Food and Beverage Sales Index rebasing and policy implications of revised scale

7 October 2026

Question:

Mr Shawn Loh: To ask the Minister for Energy, Trade and Industry (Energy and Industry) following the rebasing of the Food and Beverage Sales Index in 2026, which led to a significant increase in monthly reported estimated food and beverage (F&B) sales from $1 billion in July 2025 to $1.6 billion in July 2026 (a) how does this change the Government's view of F&B's contribution to the economy; and (b) what are the policy implications given the industry's great heft. 

Written Answer by Minister for Energy, Trade and Industry (Energy and Industry) Dr Tan See Leng

1.       In March 2026, the Department of Statistics (DOS) conducted a one-time review of the coverage of food and beverage (F&B) firms to better reflect the overall F&B business landscape. Separately, DOS also completed its rebasing of the F&B Sales Index (FSI) from base year 2017 to 2025.

2.       Together, these led to upward revisions in the historical F&B business statistics, including the monthly F&B sales estimates, from 2010 onwards. Based on the revised data, F&B sales in July 2025 was S$1,637 million, higher than the S$1,607 million recorded for July 2026. The F&B sector’s share of nominal Gross Domestic Product (GDP) in 2025 remained stable at around 1%. (The revised data are available on SingStat Table Builder¹.)

3.       This revision does not change the Government’s policy approach towards the sector. The F&B sector is an important domestic-facing sector that serves our residents and provides employment opportunities. We will continue to help our F&B businesses raise productivity and strengthen their capabilities to meet their growth needs, through support schemes such as the F&B Process Optimisation Programme, the FoodX Programme and EnterpriseSG’s EDGE grant. For businesses which require support through transitions and restructuring of their operations, the Government will work closely with relevant stakeholders, including our Trade Associations and Chambers, to help them assess their options early and pursue new growth opportunities.


Note(s) to Question No(s) 36:

¹ Link to the revised series: https://tablebuilder.singstat.gov.sg/table/TS/M602181 (opens in new tab)