Top 10 Largest Packaged Food and Beverage Companies in Indonesia

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Adi Ahdiat 26/04/2023 16:30 WIB

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According to a USDA report, PT Indofood Sukses Makmur Tbk was Indonesia's largest packaged food and beverage company by retail sales value in 2022.

Top 10 Packaged Food and Beverage Companies with the Highest Retail Sales Value in Indonesia (2022)

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Top 10 Largest Packaged Food and Beverage Companies in Indonesia

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Top 10 Packaged Food and Beverage Companies with the Highest Retail Sales Value in Indonesia (2022)

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In 2022, retail sales of packaged food and beverages in Indonesia 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 is derived 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, the largest packaged food and beverage company in Indonesia in 2022 was PT Indofood Sukses Makmur Tbk.

Following behind were Nestle SA, PT Mayora Indah Tbk, Royal Friesland Campina NV, Unilever Group, Danone (PT Sarihusada Generasi Mahardhika), Kraft Heinz Co, Wings Corp, PT Bina Karya Prima, and Wilmar International, with sales figures as shown in the graph.

The USDA also notes that sales of packaged food and beverages in Indonesia have increased every year since 2018. 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 and beverages throughout Indonesia," the USDA stated in its report.

The USDA projects that sales of packaged food and beverages in Indonesia will continue to grow in the future, along with changing consumer habits.

"Increasingly, more Indonesians are 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.

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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Top 10 Largest Packaged Food and Beverage Companies in Indonesia

Top 10 Largest Packaged Food and Beverage Companies in Indonesia

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