Indonesia Halal Food & Beverage Market Forecast 2023-2030

Indonesia Halal Food & Beverage Market Forecast 2023-2030

KEY FINDINGS

The Indonesia halal food & beverage market is projected to register a CAGR of 6.78% during the forecast period, 2023-2030. Housing the largest Muslim population in Asia-Pacific, Indonesia is a lucrative market for halal foods and beverages.

MARKET INSIGHTS

The growth of the middle-class population in the country has been a key driver for the food & beverage market in Indonesia. Currently, Indonesia stands as the fourth largest global market, comprising 17.3 million families, and this number is expected to grow to 20 million families by 2030. Notably, 60% of Indonesia's population falls within the age group of 30 and below, presenting lucrative opportunities for manufacturers and importers of non-indigenous and premium food & beverages.

While Indonesia has not been a major halal food & beverage exporter historically, there has been a notable uptick in the export of halal spices, noodles, and processed fish products to Japan, Singapore, the Middle East, and the U.S. in recent times. In light of this, both food & beverage manufacturers and the Indonesian government have been proactive in their efforts to establish the country as a major halal product hub in the future. The success of these initiatives is of utmost importance as they significantly impact the projected increase in demand for halal food & beverages in the country over the forecast period.

COMPETITIVE INSIGHTS

Some of the prominent companies in the market include Nestlé SA, BRF SA, Cargill Incorporated, PrimaBaguz Sdn Bhd, etc.

Our report offerings include:
• Explore key findings of the overall market
• Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
• Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
• Market Segmentation caters to a thorough assessment of key segments with their market estimations
• Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
• Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
• Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
• Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments