F&B Industry in Indonesia: 3 points foreign investors need to know!
The F&B industry in Indonesia holds an important role in the growth of GDP. It contributes to GDP increased to 6.25 percent in 2018. Estimated every year, the industry contributes a 1% increase for the GDP. Here are the three important about F&B industry in Indonesia:
About consumers in Indonesian F&B Industry
The majority of Indonesians are Muslims. The label for Halal in food and beverages is very important in the Indonesian F&B Industry. If you are thinking to expand to a bigger market in Indonesia, you should consider issuing the Halal certificate for your products every five years. There are a few requirements that F&B businesses should fulfill to issue the halal certificate that you, we can help you with this!
About products in Indonesian F&B Industry
Just like other countries, Indonesian people love instant products.
Soft drinks have been the first high-selling beverage in the F&B industry. The soft drink industry growth in Indonesia is about 8 to 9 percent every year. In the second and third places, ready-to-drink coffee and a bottle of water are also at the top spots.
For food, the market for canned and packaged food has also grown significantly. There has been a strong demand for packaged foods, instant noodles, fruits, vegetables, seafood, and canned foods.
Other than ready-to-meal products, it is also important to know that Indonesian love rice if you are thinking to enter the F&B industry. Many Indonesian people eat rice three times a day – for breakfast, lunch, and dinner. There is also a study that suggests “Many Indonesian who skip eating rice in a day, feel like they have not eaten”. If you are thinking to create a restaurant in Indonesia, make sure that you provide a menu that serves rice.
The importance of place in Indonesian F&B Industry
In the era of Instagram and Facebook, Indonesian people tend to choose a restaurant that does not only serve good food but also aesthetically pleasing for social media content. Since 2018, there have been many F&B players who highlights the good design, ambiance, and decoration of the restaurant. Although the food is not that good or over-price, if they have an Instagrammable place, Indonesian people would still come.
Important F&B expo in Indonesia
- Halal Indonesia Expo: https://10times.com/halal-indonesia-expo
- Indo Fisheries: https://10times.com/indofisheries
- Finefood Indonesia: https://10times.com/indofisheries
- Food Manufacturing Indonesia: https://10times.com/fmi-jakarta
Are you interested to know more about the F&B industry in Indonesia? Contact us
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