Packaged Food and Beverages Increasingly Popular, Sales Rise Every Year

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Adi Ahdiat 26/04/2023 16:10 WIB

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According to a USDA report, retail sales of packaged food and beverages in Indonesia increased annually from 2018 to 2022.

Retail Sales Value of Packaged Food and Beverages in Indonesia (2018-2022)

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Retail Sales Value of Packaged Food and Beverages in Indonesia (2018-2022)

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Retail sales of packaged food and beverages in Indonesia in 2022 are estimated to have reached USD 40.11 billion, or approximately Rp601.65 trillion (assuming an exchange rate of Rp15,000 per USD).

This figure comes from Euromonitor International data recorded in the United States Department of Agriculture (USDA) report titled *Indonesia: Food Processing Ingredients*, April 2023 edition.

According to the report, sales of packaged food and beverages in Indonesia have increased every year since 2018, as shown in the graph. In 2022, the growth rate reached 11.9% (year-on-year/yoy).

"The rapid expansion of minimarkets, which largely sell local products, has helped expand the distribution of packaged food throughout Indonesia," the USDA stated in its report.

The USDA also predicts that sales of packaged food and beverages in Indonesia will continue to increase along with changing consumer habits.

"More and more Indonesians are now consuming processed and packaged foods, including frozen foods, processed fruits and vegetables, and various chips and snacks," said the USDA.

"With more urban women working and having less time to prepare meals for their families, the market for processed food products is expected to grow," it continued.

According to the USDA report, the largest packaged food and beverage company in Indonesia in 2022 was PT Indofood Sukses Makmur Tbk.

"Indofood still leads the Indonesian packaged food market with a broad product portfolio. Other major players include Nestle, Mayora, and Royal Friesland Campina (Frisian Flag)," it stated.

Editor : Adi Ahdiat

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

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Packaged Food and Beverages Increasingly Popular, Sales Rise Every Year

Packaged Food and Beverages Increasingly Popular, Sales Rise Every Year

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