Indonesia Wine Market Forecast 2023-2030

Indonesia Wine Market Forecast 2023-2030

KEY FINDINGS

The Indonesia wine market is anticipated to register a CAGR of 14.47% and 14.32% in terms of revenue and volume, respectively, during the forecast years 2023 to 2030. Some of the top drivers boosting the market growth of the country include the rise in domestic consumption, the increasing acceptance of wine consumption among locals, as well as the growing adoption of e-commerce.

MARKET INSIGHTS

Indonesia, boasting a population of nearly 240 million, holds the distinction of being the fourth most populous country globally. Additionally, it is home to the largest Muslim population worldwide. Due to these factors, the Indonesian market for wine has not historically been deemed substantial. The country’s authorities, in consideration of the prevailing religious convictions of the majority of the population, tightly regulate the sale of alcoholic beverages. Besides, permission to serve alcohol is granted exclusively to licensed four- and five-star hotels, upscale bars, fine dining establishments, and nightclubs.

Nevertheless, the nation’s influential tourism industry has advocated for more relaxed restrictions on alcohol imports. Aligning with this, the travel and tourism sector has emerged as a pivotal economic and political force. The government’s keen focus on tapping into the international tourism sector has further led to increased familiarity with domestically produced wines. This trend has been particularly pronounced as numerous individuals travel to the renowned destination of Bali Island, where they have the opportunity to sample local cuisine, including indigenous wines. These factors, in turn, contribute to the growth of the Indonesia wine market during the forecast period.

COMPETITIVE INSIGHTS

Some of the eminent companies operating in the market are Perindustrian Bapak Djenggot Pt, Sababay Industry Pt, 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.
• The 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