Indonesia - The Future of Foodservice to 2024

Indonesia - The Future of Foodservice to 2024

  • October 2020 •
  • 111 pages •
  • Report ID: 5810783 •
  • Format: PDF
Indonesia - The Future of Foodservice to 2024

"Indonesia - The Future of Foodservice to 2024” published provides extensive insight and analysis of the Indonesian Foodservice market over the next five years (2019-2024) and acts as a vital point of reference for operators or suppliers. The report includes:

The overall value of the Indonesian foodservice profit sector grew at a CAGR of 7.7% between 2014 and 2019 and had a value of IDR742.5 trillion in 2019. Growth of the profit sector in the Indonesian foodservice market in recent years has been predominantly driven by an increasing amount of transactions. Both sales and transactional growth are expected to contract during 2019-2024, as the economic climate, will be negatively affected by COVID-19 leading to a contraction in consumer spending.

Overview of Indonesia’s macro-economic landscape: Detailed analysis of current macro-economic factors and their impact on Indonesia’s foodservice market including GDP per capita, consumer price index, population growth and annual household income distribution.

Growth dynamics: In-depth data and forecasts of key channels (QSR, FSR and Pubs, Clubs and Bars) within Indonesia’s foodservice market, including the value of the market, number of transactions, number of outlets and average transaction price.

Customer segmentation: identify the most important demographic groups, buying habits and motivations that drive out-of-home meal occasions among segments of the Indonesian population.

Key players: Overview of market leaders within the four major channels including business descriptions and number of outlets.

- Full service restaurant continues to be the largest foodservice channel. However, coffee & tea shops witnessed the highest growth over the review period, owing to the growing investments from leading chains such as Janji Jiwa and Starbucks. Covid-19 has negatively impacted this in the short term.
- Due to rapidly rising Coronavirus cases in Indonesia, the country was under lockdown since April, 2020 and consumers are being asked to follow shelter-at-home and social distancing requirements in order to curb the spread. This is in turn severely affecting the sales of FSR channel. The overall sales value of full service restaurantis anticipatedto record a year on year decline of 19.9% by the end of 2020.
- While the adverse impact of COVID-19 will impede the growth of value in the coming years, the profitsector will be able to maintain positive growth by 2024, with operators adapting to the new normal. For instance, Grab and Gojek, leading food delivery apps opened around 70 cloud kitchens across the country in 2019-20203, meanwhile Central Restaurant Group, Yummy Corporation have also announced to invest in cloud kitchen due to its growth prospects; cloud kitchens are those facilities that are designed exclusively for delivery services and these outlets don’t have dine-in areas.
- The companies are taking this initiative as more and more consumers are preferring getting their food home delivered and the pandemic has only amplified this tendency. This point can further be strengthened by the fact that the survey also indicated that 31%, 18%, and 33% also likely to order a takeaway during breakfast, lunch, and dinner, respectively during the pandemic.

Reasons to Buy
- Specific forecasts of the foodservice market over the next five years (2019-2024) will give readers the ability to make informed business decisions through identifying emerging/declining markets.
- Consumer segmentation detailing the desires of known consumers among all major foodservice channels (QSR, FSR and Pubs, Clubs and Bars) will allow readers understand the wants and needs of their target demographics.

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