Indonesia Foodservice Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

Indonesia Foodservice Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

Indonesia foodservice market is forecasted to grow at a CAGR of 7.06% during the forecast period (2021-2026).

Key Highlights

• The Indonesian foodservice market is extremely diverse, consisting of high-end hotels and restaurants that serve local and international cuisine, fast food outlets, cafés and bars, bakeries, and low-end small restaurants, street-side restaurants known as warungs, and vendors that sell food to customers on the street.
• Health-conscious consumers are seeking more options for healthier food and drinks in restaurants and other foodservice channels. The “Superfood” concept that includes salads, low-calorie and high protein diets such as pitted prunes is considered to be good for health and is growing popularity across Indonesian foodservice market, especially in its urban areas.

Key Market TrendsIncreasing Tourism Sector in the Country

Indonesia ranks among the top ten countries in the world and first in South-East Asia with the fastest growing tourism sector. According to the Central Bureau of Statistics, the country witnessed a Year on Year growth of 8.16% in 2018 in the number of tourist’s visits accounting for 1.15 million visits in the respective year. Owing to this flourishing sector the foodservice business is experiencing a top-notch growth in the country. Moreover, dishes such as Rendang, Rawon, Oxtail soup, and Siomay offered by Indonesian cuisine has been gaining considerable preferences by the tourists.

Rising Preferences for Online Food Delivery

With the increasing urbanization, there has been a surge to seek services with the best possible convenience. Attributed to which the online channel in the country is growing at the fastest pace. The food delivery apps such as Go-Jek's ‘Go-Food’ is involved in offering a much more seamless delivery service which has gained a significant number of users in recent years. By 2018, the app claimed to have registered 100,000 users ordering food from small stalls to premium class restaurants. Witnessing the growing demand through delivery apps, many restaurant owners and family-owned businesses are increasingly looking forward to operating through this platform in order to increase sales. Hence, the online channels are frosting the foodservice sector in the country.

Competitive Landscape

Indonesia foodservice market is highly fragmented owing to the presence of the number of unorganized players dominating the market. Major players are investing to launch new outlets to increase market penetration. Some of the prominent players in the market are Top Food Indonesia PT., McDonald’s, Starbucks Coffee Company, Dominos Pizza, Yum! Brands, Sederhana Citra Mandiri PT, A Great American Brand, LLC, Wendy's Co., and Dunkin' Brands Group Inc.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

Companies Mentioned

PT Top Food Indonesia
McDonald's
Starbucks Coffee Company
Domino's Pizza, Inc
Yum! Brands RSC
Quality Is Our Recipe, LLC
Restaurant Brands International Inc.