Executive Summary
The steamboat delivery market in Singapore has evolved significantly since 2024. Based on current market research as of January 2026, here are the key trends:
- Price increases: Most restaurants have raised prices by 15-25% since 2024 due to inflation and ingredient costs
- Per-person dining costs: Now range from $45-90 per person for dine-in experiences
- Delivery premiums: Delivery fees have increased from $8-15 to $15-25 for most services
- Service consolidation: Several smaller operators have closed; major chains dominate
- Premium positioning: Mid-tier restaurants moving upmarket with higher-quality ingredients
2026 Price Comparison Table
| Restaurant | 2024 Price (4 pax) | 2026 Estimated Price | Change | Notes |
|---|---|---|---|---|
| Haidilao | $268 | $280-320 | +4-19% | Dine-in now $45-55/pax; delivery still premium |
| Little Sheep | $80+ (ala carte) | $130-160 (typical 2 pax) | +30-40% | Soup base now $16-20; meat plates $9-26 |
| Beauty in the Pot | $132 (seafood platter) | $140-160 | +6-21% | Dine-in ~$90/pax; collagen broth $10.30 |
| COCA | $95-100 (4 pax) | $120-128 (4 pax) | +20-28% | Premium seafood set $128; weekday sets $98 |
| City Hotpot | $123 (4 pax) | $130-150 | +6-22% | Lunch sets for 2 now $59.99-65.99 |
| Tsukada Nojo | $148 (4 pax) | $160-180 | +8-22% | Price increased from $111 (2021) baseline |
| Homely Pot | $188 (4 pax) | $200-220 | +6-17% | Now charges for electrical pot (was free) |
| Happy Pot | $75 (4 pax) | $85-95 | +13-27% | Disposable pot sets popular |
| Qi Xiang | $60++ | $70-80++ | +17-33% | Minimum order still ~$60; unique beer-infused broth |
| Hotpot Master | $325 (6 pax) | $350-380 | +8-17% | Premium positioning maintained |
Detailed Restaurant Analysis
1. Haidilao 海底捞
Market Position: Premium leader
2026 Status:
- Dine-in pricing: $45-55 per person average
- Soup bases: $14-16 each
- Meat/seafood: $6-20 per serving
- Delivery: Available via Haidilao app, GrabFood, Foodpanda
- CNY 2026 sets: Starting from $280-320 for 4 pax (estimated, similar to 2024)
Key Changes:
- Maintained premium service reputation
- Added more technology integration (robots, automated kitchen)
- Delivery fees remain high ($20-40++)
- Self-pickup still offers complimentary Yu Sheng
Value Analysis: Higher cost but justifies with service quality and atmosphere
2. Little Sheep Hot Pot 小肥羊
Market Position: Premium Mongolian specialist
2026 Status:
- Soup bases: $16-20 (herbal chicken, white soup, mala)
- Signature lamb rolls: Small $9, Large $18
- 3-Tier lamb platter: $36
- Typical 2-pax bill: $130-160
- Locations: One Fullerton, Orchard Gateway
Key Changes:
- Significant price increases (30-40% since 2024)
- Still ala carte only (no set meals)
- Premium positioning with quality lamb from Inner Mongolia
- Service not matching Haidilao standards per reviews
- Better for lamb enthusiasts willing to pay premium
Value Analysis: Expensive but specialized; best for lamb lovers
3. Beauty in the Pot 美滋锅
Market Position: Health-conscious premium
2026 Status:
- Dine-in average: ~$90 per person
- Beauty Collagen Broth: $10.30 (portion), $32.80 (full pot)
- Spicy Nourishing Broth: $8.30
- Assorted Balls Platter: $13.90
- Seafood platter: $140-160 (increased from $132)
- Delivery: Via foodpanda and own platform
Key Changes:
- Maintaining health-conscious positioning
- Collagen broth remains signature item
- Multiple locations (VivoCity, Centrepoint, Star Vista, Kinex, NEX)
- Delivery minimum $70, free delivery >$120
- Prices trending upward but still competitive
Value Analysis: Premium but justified by quality ingredients and health focus
4. COCA Singapore
Market Position: Established Thai-Chinese fusion
2026 Status:
- Weekday Ultimate Hotpot Set: $98 (hearty protein), $128 (premium seafood with lobster)
- Add-ons: Double-boiled chicken/Thai tomyum soup $5, HuaDiao/Collagen soup $9
- Buffet options: Lunch from $39++ (weekday), $43++ (weekend)
- Delivery: Free delivery >$120
- Locations: Suntec City, Takashimaya, Kallang Leisure Park
Key Changes:
- New weekday promotional sets introduced
- Maintained buffet model alongside ala carte
- Strong cooked food offerings (pad thai, mala fish skins, Nam Yu pork)
- More competitive pricing than 2024
Value Analysis: Good value, especially weekday sets; unique Thai-Chinese fusion
5. City Hotpot
Market Position: Affordable individual pot specialist
2026 Status:
- Lunch set for 2: $59.99-65.99
- 4 pax delivery set: $130-150 (estimated increase from $123)
- Individual pot concept: Still popular for solo/duo diners
- Locations: Raffles Place, Guoco Tower, Buangkok, Jurong Point
Key Changes:
- Maintained affordable positioning
- Strong lunch deals
- Individual hotpot innovation continues
- Free island-wide delivery available
- Vegetable portions still limited (need to supplement)
Value Analysis: Best for budget-conscious diners and lunch deals
6. Tsukada Nojo 塚田農場
Market Position: Japanese beauty collagen specialist
2026 Status:
- Family bundle: $160-180 for 4 pax (up from $148)
- Bijin Nabe collagen soup: Signature and only soup base option
- Order minimum: $60
- Delivery fee: From $5 via Oddle
Key Changes:
- Price increased ~33% since 2021 ($111 → $160+)
- Maintains Japanese omotenashi (hospitality) focus
- Limited soup base variety (only collagen option)
- Strong confidence in single product
Value Analysis: Premium but niche; best for those seeking Japanese-style collagen hotpot
7. Homely Pot
Market Position: Premium home delivery
2026 Status:
- 4 pax set: $200-220 (up from $188)
- Delivery from: Kovan location
- Delivery fee: From $6, plus $2 food safety charge
- Minimum for free delivery: $65
Key Changes:
- No longer provides free electrical pot (now charges for small pot)
- Reduced value proposition vs 2024
- Fancy soup bases remain key selling point
- Featured in media but facing increased competition
Value Analysis: Premium pricing without free pot reduces value; reconsider alternatives
8. Happy Pot
Market Position: Budget-friendly with convenience focus
2026 Status:
- Couple set: $85-95 (up from $75)
- Disposable pot & fuel: Available for mess-free dining
- Mini hotpot: Free with reusable option
- Location: One Punggol Hawker Centre
- Delivery fee: From $15
Key Changes:
- Introduced disposable hotpot equipment option
- Liberal seafood portions (prawns, mussels, squid)
- Good for those prioritizing convenience over ambiance
- Higher delivery fees offset lower food costs
Value Analysis: Good budget option if living in north/east; disposable kit convenient
9. Qi Xiang Chicken Hot Pot 齐香鸡煲火锅
Market Position: Unconventional specialist
2026 Status:
- Minimum order: $70-80++ (up from $60++)
- Unique offerings: Beer-infused broth (charcoal black), durian broth
- Location: The Chevrons, Jurong East (west side)
- Delivery: From $12, also on GrabFood
Key Changes:
- Prices increased ~17-33%
- Limited raw steamboat items
- Strong stir-fry and claypot dish selection
- Maintains unique positioning
Value Analysis: For adventurous eaters; good variety beyond traditional hotpot
10. Hotpot Master
Market Position: Ultra-premium festive specialist
2026 Status:
- Fortune Hotpot Set (5-6 pax): $350-380 (up from $325)
- Inclusions: Beauty Abalone Collagen broth, drunken prawn, abalone, salmon, scallops, snow crab
- Equipment: Induction pot rental $11 or purchase $20
- Delivery options: One-way $15, with setup $100
Key Changes:
- Maintained ultra-premium positioning
- Targets festive/celebration market
- Significant premium over competitors
- Full-service setup option available
Value Analysis: Only for special occasions; very expensive per person
Market Trends & Insights
Price Inflation Analysis
- Overall increase: 6-40% depending on restaurant tier
- Highest increases: Little Sheep (+30-40%), mid-tier restaurants
- Most stable: Budget options (Happy Pot, City Hotpot)
- Contributing factors: Ingredient costs, labor, rent, utility prices
Per-Person Cost Benchmarking (Dine-in, 2026)
- Budget tier: $30-45 (City Hotpot, Happy Pot)
- Mid-tier: $45-70 (COCA, Homely Pot)
- Premium tier: $70-100+ (Beauty in the Pot, Little Sheep, Haidilao, Tsukada Nojo)
Delivery Economics
- Delivery fees: $15-40 (up from $6-25 in 2024)
- Minimum orders: $60-120
- Free delivery thresholds: $65-120
- Additional charges: Food safety fees ($2), equipment rental ($5-20)
Consumer Value Shifts
- Self-pickup incentives: More restaurants offering Yu Sheng, discounts for pickup
- Weekday promotions: Significant savings (COCA $98 vs regular pricing)
- Lunch deals: Best value window (City Hotpot $59.99 for 2)
- Membership programs: Birthday promos, loyalty benefits increasingly important
Competitive Landscape
- Market leaders: Haidilao, Beauty in the Pot dominate premium segment
- Specialists thriving: Little Sheep (Mongolian), Tsukada Nojo (Japanese), Qi Xiang (beer broth)
- Budget segment: More competitive, smaller margins
- Mid-tier squeeze: Homely Pot losing value proposition
Recommendations by Use Case
Best Overall Value (Quality + Price)
COCA Singapore – $120-128 for 4 pax with cooked sides, reasonable delivery
Best Budget Option
Happy Pot – $85-95 for 4 pax, disposable kit available
Best Premium Experience
Haidilao – $280-320 for 4 pax, unmatched service quality
Best for Specialty Diet
- Vegetarian: City Hotpot (plant-based sets)
- Health-conscious: Beauty in the Pot (collagen, nourishing broths)
- Lamb lovers: Little Sheep
Best for Lunch
City Hotpot – $59.99-65.99 for 2 pax lunch sets
Best for Adventurous Eaters
Qi Xiang – Beer-infused and durian broths
Best for Special Occasions
Hotpot Master – $350-380 for 5-6 pax with premium ingredients
Strategic Buying Tips for 2026
- Order during lunch: Save 20-40% vs dinner pricing
- Use weekday promotions: COCA, City Hotpot have strong weekday deals
- Meet free delivery minimums: Add $20-30 to save $15-25 delivery fee
- Self-pickup when possible: Save delivery fees, sometimes get free extras
- Compare dine-in vs delivery: Sometimes cheaper to dine-in even with transport
- Book memberships: COCA, Beauty in the Pot, Haidilao offer birthday and loyalty benefits
- Stock own vegetables: City Hotpot, others skimp on vegetables; buy from NTUC
- Watch for seasonal promotions: CNY, birthday months, festive periods
- Group orders: Reach free delivery minimums and reduce per-person costs
- Check third-party platforms: GrabFood, Foodpanda may have better promos than direct ordering
Future Outlook (2026-2027)
Expected Trends
- Continued price increases: 5-10% annually expected
- Technology adoption: More robot service, QR ordering, contactless payment
- Premium segment growth: Consumers willing to pay for quality experiences
- Delivery optimization: Restaurants improving delivery packaging, timing
- Health positioning: More emphasis on nutritious broths, quality ingredients
- Sustainability: Reusable equipment, reduced packaging waste
- Individual serving trend: Solo dining and individual pots gaining popularity
Market Risks
- Economic downturn: Could shift consumers to budget tier
- Labor costs: Service quality may suffer if costs keep rising
- Competition intensification: New entrants from regional chains
- Food safety concerns: Recent incidents (Haidilao Shanghai 2025) impact trust
Conclusion
The Singapore steamboat delivery market in 2026 is characterized by:
- Higher prices across all tiers (6-40% increases)
- Premiumization trend with mid-tier moving upmarket
- Strong value in promotional windows (lunch, weekdays)
- Specialized positioning (health, lamb, Japanese styles)
- Technology integration improving operational efficiency
For consumers, the key is strategic timing (weekday lunch deals), meeting free delivery minimums, and choosing restaurants that match your priorities (service vs price vs specialty vs health).
The market remains vibrant and competitive, with options available for every budget and preference, though overall costs have increased significantly since 2024.