Alcoholic drinks sector to rebound from 2021: report

Uploaded By:  Paul Howell Submitted By:  Staff Reporter Case Study:  No Spending is set to grow by 2.6% annually over the medium term. Singapore's alcoholic drinks market is set for recovery from 2021 with consumption expanding 4.8% YoY, following a 9.3% YoY contraction in 2020 due to COVID-19-related restrictions on on-trade alcoholic drinks sales, according to the latest forecast by Fitch Solutions. Alcoholic drinks consumption is projected to rise by 2.6% annually over the medium term, which will take consumption to 156.6mn litres by 2025. read more