Indonesia infant nutrition market is projected to surpass US$ 15.4 Bn by the end of 2030 and exhibit a CAGR of 7.9% during the forecast period (2023 to 2030).
Indonesia Infant Nutrition Market: Growth Drivers
Indonesia Infant Nutrition Market: Restraints
Indonesia Infant Nutrition Market: Market Opportunities
According to the Indonesian Food and Beverage Association’s (Gapmmi) study, Indonesia's food and beverage industry has been estimated to exhibit significant growth of around 8.5 percent (y/y) in 2020. In addition, Indonesia is the most lucrative market for Foreign Direct Investment (FDI). According to Badan Koordinasi Penanaman Modal’s (BKPM) data, FDI in Indonesia's food and beverages industry accounted for US$1.5 Bn in 2017. The expansion of the food industry is thus expected to create opportunities for global and local key players to tap potential markets for dietary supplements, especially in emerging economies.
Indonesia Infant Nutrition Market Report Coverage
Report Coverage | Details | ||
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Base Year: | 2022 | Market Size in 2022: | US$ 8.4 Bn |
Historical Data for: | 2018 to 2021 | Forecast Period: | 2023 to 2030 |
Forecast Period 2023 to 2030 CAGR: | 7.9% | 2030 Value Projection: | US$ 15.4 Bn |
Segments covered: |
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Companies covered: |
Nestlé S.A., Groupe Danone, PT Kalbe Farma Tbk, PT Indofood Sukses Makmur, Indofood CBP, Mirota KSM, Nutricia Indonesia Sejahtera, Sari Husada, Mead Johnson Indonesia, and PT Frisian Flag Indonesia |
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Growth Drivers: |
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Restraints & Challenges: |
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Indonesia Infant Nutrition Market: Impact of COVID-19
The COVID-19 pandemic has had a significant effect on the Indonesian baby food market. Positively, the pandemic has increased demand for infant food products, speeding up Indonesia's transition to e-commerce. Additionally, the pandemic has increased customer demand for packaged baby food products because they are perceived to be safer and more hygienic than conventional food items. However, the pandemic has also brought about a number of challenges for the market, such as disruptions in supply networks and logistics, higher costs as a result of safety precautions, and economic downturns that have decreased consumer purchasing power.
Indonesia Infant Nutrition Market: Market Segmentation
On the basis of formulation powder segment held the dominant position and accounted for 43.30% share of Indonesia infant nutrition market in 2022. The segment value is expected to reach US$ 4.31 Bn in 2030.
Figure 1: Indonesia Infant Nutrition Market Revenue Share (%), By Formulation, 2022
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Indonesia Infant Nutrition Market: By Product Type
Among the product type , infant formula segment held the dominant position and accounted for 58% share of Indonesia infant nutrition market in 2022.
Figure 2: Indonesia Infant Nutrition Market Revenue Share (%), By Product Type, 2022
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Indonesia Infant Nutrition Market: Recent Development
Indonesia Infant Nutrition Market: Key Companies
Major players operating in Indonesia infant nutrition market include, Nestlé S.A., Groupe Danone, PT Kalbe Farma Tbk, PT Indofood Sukses Makmur, Indofood CBP, Mirota KSM, Nutricia Indonesia Sejahtera, Sari Husada, Mead Johnson Indonesia, and PT Frisian Flag Indonesia.
*Definition: Food is the primary source of important nutrients that the human body requires to function properly. Similarly, infants require sustenance for optimal development and growth, which is primarily obtained through breast milk. Breast milk can be replaced with infant nourishment. BPOM (The National Agency for Drug and Food Control of Indonesia) has updated the definition of food and food products in the Indonesia. BPOM is an Indonesian government agency tasked with safeguarding public health through regulation and oversight.
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About Author
Sakshi Suryawanshi
Sakshi Suryawanshi is a Research Consultant with 6 years of extensive experience in market research and consulting. She is proficient in market estimation, competitive analysis, and patent analysis. Sakshi excels in identifying market trends and evaluating competitive landscapes to provide actionable insights that drive strategic decision-making. Her expertise helps businesses navigate complex market dynamics and achieve their objectives effectively.
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