ALLFood Indonesia
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MARKET INSIGHTS
- Indonesia population in 2022 is 278 million people.
- Indonesia ranks 14 th largest by land in the world.
- Indonesia ranks 4 th most populated country in the world.
- National economic growth in Indonesia in 2022 in the 4.7-5.5% range, up from 3.2-4.0% in 2021, driven by ongoing global economic improvements that are driving solid export performance, coupled with growing domestic demand in terms of consumption and investment.
- The largest economy in Southeast Asia.
- The world’s 10th largest economy in terms of purchasing power parity.
- Become presidency of the G-20 in 2022.
- Revenue of the total food market in Indonesia stood at over 194.4 billion U.S. dollars in 2020. By 2025, the Statista Consumer Market Outlook estimates that this figure will rise to over 257 billion dollars.
- Despite the COVID-19 pandemic, the F&B sector successfully recorded a positive year-on-year growth at 3.94% in the first quarter of 2020.
- Global food and beverage export in Indonesia has exceeded (IDR 112.4 trillion) USD 8 billion.
- Products in Indonesia that are in strong demand are packaged food, fruits, vegetables, seafood, health food, cooking oil, gourmet food, tea, and coffee.
- As of 2017, with more people prefer the convenience packaged foods, the sales’ growth rose 9.4%.