NTUC FairPrice, DBS, Grab, Shopee and Lazada Dominate Singapore's Competitive Loyalty Landscape
Singaporean Loyalty Programs Market
Dublin, Aug. 11, 2025 (GLOBE NEWSWIRE) -- The "Singapore Loyalty Programs Market Intelligence and Future Growth Dynamics - 50+ KPIs on Loyalty Programs Trends by End-Use Sectors, Operational KPIs, Retail Product Dynamics, and Consumer Demographics - Q3 2025 Update" report has been added to ResearchAndMarkets.com's offering.Singapore's loyalty market is projected to grow at an annual rate of 14.4%, reaching US$501.5 million by 2025. Previously, from 2020 to 2024, the market experienced a strong CAGR of 16.2%. Prospects look optimistic, with expectations of a 12.1% CAGR from 2025 to 2029, raising market size from US$438.4 million in 2024 to US$792.9 million by 2029.
This report provides a detailed data-centric analysis of the loyalty market opportunities and risks across a range of end-use sectors and market segments in Singapore. With over 50 KPIs at the country level, this report provides a comprehensive understanding of loyalty market dynamics, market size and forecast, and market share statistics.
The loyalty landscape in Singapore is undergoing significant evolution driven by shifting consumer expectations and fierce industry competition. Non-expiring points and cashback rewards have become pivotal, as illustrated by NTUC FairPrice's Link Rewards and DBS Bank's Live Fresh Cashback Credit Card. These programs are leading the charge in delivering long-term value, with intense competition urging businesses to adopt consumer-centric models or risk losing customer loyalty.
Digital integration, sustainability, and multi-brand strategies are also reshaping the landscape. Platforms like GrabRewards and Yuu Rewards Club champion mobile-first approaches, aligning with Singapore's tech-savvy populace. With e-commerce giants like Shopee and Lazada amplifying loyalty initiatives, and sustainability-centric strategies like Singlife with Aviva's programs tied to government green goals, the sector is robustly dynamic. These trends underscore the importance of innovation, collaboration, and sustainability as cornerstones for market engagement and growth.
Non-Expiring Points and Cashback Rewards
Programs such as NTUC FairPrice's Link Rewards and DBS Bank's Credit Cards are popular for offering flexible, long-term engagement without point expiration, winning consumer preference.
The retail and financial services sectors demand high flexibility and immediate benefits; customer expectations are steering programs towards tangible rewards, with NTUC FairPrice leading in daily purchase incentives.
This trend will persist, with businesses innovating to offer value-driven loyalty strategies to retain consumer engagement.
Group and Partner Loyalty Programs
Collaborative programs like Yuu Rewards Club offer expansive reward ecosystems across multiple brands, enhancing consumer convenience and diversity.
Such partnerships enable businesses to share operational costs while expanding customer bases, crucial in a densely urbanized market.
Program expansions are inevitable, with new collaborations set to emerge, inspiring other sectors like travel and hospitality to adopt similar models.
Digitalization and Mobile Integration
The rise of mobile-based programs like GrabRewards reflects Singapore's high smartphone penetration and demand for real-time loyalty management.
Companies prioritizing mobile integration see better consumer engagement, rallying features like gamification and specialized offers.
A shift toward digital loyalty programs is imminent as companies harness advanced features to maintain market relevancy.
Retail-Focused Loyalty Programs
Retail loyalty programs like NTUC FairPrice's Link Rewards dominate, driven by consistent consumer use in essential shopping activities.
These programs enhance customer engagement through daily reward offerings and spending incentives.
Retailers will continue to refine loyalty features for personalized consumer experiences and habitual participation.
E-Commerce Market Influence
E-commerce platforms, notably Shopee and Lazada, are customizing loyalty programs for online consumers, encouraging repeat purchases through rewards.
Loyalty programs will become more personalized as analytics aid in customized rewards and product recommendations.
Sustainability Integration
Sustainability-driven loyalty programs, such as those by Singlife with Aviva, appeal to the eco-conscious consumer aligning with Singapore's Green Plan 2030.
Eco-friendly loyalty strategies offer businesses a palpable competitive edge and an appeal to younger demographics.
Singapore's loyalty market is highly competitive, dominated by players like NTUC FairPrice, DBS Bank, Grab, Shopee, and Lazada. Future shifts in the competitive landscape will involve advanced analytics and increased partner ecosystems. Anticipated regulatory changes, alongside intensified regional competition, particularly from entities like GoTo and Boost, will drive evolution. Regulatory focus on data privacy and sustainability will foster transparency and consumer-centric strategies, setting the stage for a dynamic and innovative loyalty market in Singapore.
Company Coverage:
NTUC FairPrice
DBS Bank
Grab
Shopee
Lazada
Singlife with Aviva
Dairy Farm International (DFI)
Giant
7-Eleven
GoTo (Indonesia)
Boost (Malaysia)
Key Attributes:
Report Attribute
Details
No. of Pages
130
Forecast Period
2025 - 2029
Estimated Market Value (USD) in 2025
$501.5 Million
Forecasted Market Value (USD) by 2029
$792.9 Million
Compound Annual Growth Rate
12.1%
Regions Covered
Singapore
Report ScopeThis report provides in-depth, data-centric analysis of loyalty programs in Singapore. Below is a summary of key market segments:
Singapore Retail Sector Spend Value Trend Analysis
Singapore Loyalty Spend Market Size and Future Growth Dynamics by Key Performance Indicators
Value Accumulated and Value Redemption Rate of Loyalty programs in Singapore
Singapore Loyalty Spend Market Size and Future Growth Dynamics by Functional Domains
Singapore Loyalty Spend Market Size and Future Growth Dynamics by Loyalty Program Type
Singapore Loyalty Spend Market Size and Future Growth Dynamics by Channel
Singapore Loyalty Schemes Spend Market Size and Future Growth Dynamics by Business Model
Singapore Loyalty Spend Market Size and Future Growth Dynamics by Key Sectors
Singapore Loyalty Spend Market Size and Future Growth Dynamics in Key Sectors by Online
Singapore Loyalty Spend Market Size and Future Growth Dynamics in Key Sectors by In-Store
Singapore Loyalty Spend Market Size and Future Growth Dynamics in Key Sectors by Mobile App
Singapore Loyalty Spend Market Size and Future Growth Dynamics by Retail
Singapore Loyalty Spend Market Size and Future Growth Dynamics by Accessibility
Singapore Loyalty Spend Market Size and Future Growth Dynamics by Consumer Type
Singapore Loyalty Schemes Spend Market Size and Future Growth Dynamics by Membership Type
Singapore Loyalty Platform Spend Market Size and Future Growth Dynamics by Software Use Case
Singapore Loyalty Platform Spend Market Size and Future Growth Dynamics by Vendor/Solution Partner
Singapore Loyalty Platform Spend Market Size and Future Growth Dynamics by Deployment
Singapore Loyalty Spend Market Size and Future Growth Dynamics by Loyalty Platforms
Singapore Loyalty Spend Market Size and Future Growth Dynamics by Software Use Case Platforms
Singapore Loyalty Spend Market Size and Forecast by Consumer Demographics & Behaviour
For more information about this report visit https://www.researchandmarkets.com/r/zdf09w
About ResearchAndMarkets.comResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
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Singaporean Loyalty Programs Market
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