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According to the latest report by MarkNtel Advisors, titled “Indonesia Retail Market By Product (Food and Beverages, Personal and Household Care, Apparel, Footwear, and Accessories, Furniture, Toys, and Hobby, Electronic and Household Appliances, Others), By Distribution Channel (Supermarkets/Hypermarkets, Convenience Stores, and Department Stores, Specialty Stores, Online, Others), and Others, The Indonesia Retail Market is estimated to grow at a CAGR of around 4.7% during the forecast period, i.e., 2024-30. The report provides a thorough analysis of the market, covering competitor dynamics, regional insights, and a detailed breakdown of industry segments.
Base Year: 2023
Forecast Period: 2024-30
Historical Data: 2019-22
CAGR (2024-30): 4.7%
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Rising Popularity of In-store Bakeries – A significant growth factor propelling the demand in Indonesia has been the increasing popularity of in-store bakeries within supermarkets & hypermarkets. Though, being small in footprint, these confectionaries have been improving the customer's shopping experience by delivering a diverse array of freshly baked goods, such as doughnuts, cakes, and pastries. This growth is further predominantly driven by the added convenience for consumers, who appreciate the ability to combine their regular grocery shopping with the purchase of premium, freshly baked items. There has been a growing demand nationwide for products that would be finished on-site, including parbaked and pre-baked goods.
Also, retail chains like PT. Circleka Indonesia Utama is capitalizing on this trend by equipping its locations with freezers and ovens that ensure baked products are not only fresh but also warm when purchased, greatly enhancing their appeal. This helps extend the shelf life of these products and ensures that their quality and taste are maintained. The strategic inclusion of these bakeries within stores has proven to be a significant attraction for customers, leading to increased foot traffic at retail outlets.
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-By Product
The Food & Beverages (F&B) sector holds a significant market share since the country is one of the world's largest producers and exporters of key commodities, such as palm oil, fish, cocoa, and coffee.
-By Distribution Channel
Online segment captured a substantial market share over the past few years, as the country is rapidly embracing digital technology & becoming the most prolific user of social media globally.
-By Region
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Indonesia Retail Market Share Indonesia Retail Market Trends Indonesia Retail Market Growth
