Indonesia Meat - Market Assessment and Forecasts to 2028

Indonesia Meat - Market Assessment and Forecasts to 2028

Summary

The Indonesian meat sector is expected to grow from IDRtrillion58.5 trillion ($3,842.6 million) in 2023 to IDR67.6 trillion ($4,597.5 million) by 2028, growing at a CAGR of 2.9%. In terms of volume, the sector is expected to grow from 701.9 million kg in 2023 to 719.3 million kg by 2028, growing at a CAGR of 0.5%. Fresh meat (counter) remains the leading category in both value and volume, while chilled raw packaged meat - processed is forecasted to achieve the fastest value growth, followed by ambient meat and chilled raw packaged meat - whole cuts. Among distribution channels, food and drink specialists was the largest distribution channel. Key players driving the market include So Good, Kanzler-Cimory Indonesia, and PT. San Miguel Pure Foods Indonesia.

Scope

• The per capita consumption of fresh meat (counter) was higher in the Indonesia compared to other meat categories in 2023
• Food & drinks specialists was the leading distribution channel in the Taiwanese meat sector, with a value share of 70.7% in 2023 Flexible packaging is the most used pack material in the Indonesian meat sector accounting for a share of 54.1% in 2023

Reasons to Buy

• Identify high potential categories and explore further market opportunities based on detailed value and volume analysis
• Existing and new players can analyze key distribution channels to identify and evaluate trends and opportunities
• Gain an understanding of the total competitive landscape based on detailed company share analysis to plan effective market positioning
• Our team of analysts have placed a significant emphasis on changes expected in the market that will provide a clear picture of the opportunities that can be tapped over the next five years, resulting in revenue expansion
• Analysis on key macro-economic indicators such as real GDP, nominal GDP, consumer price index, household consumption expenditure, population (by age group, gender, rural-urban split, and employed people and unemployment rate. It also includes economic summary of the country along with labor market and demographic trends.