Indonesia is among the fastest growing processed meat and poultry markets globally with a CAGR of 26.7 percent, followed by India at 22 percent.
False health claims are still prevalent in Indonesia even though functional food rules are stricter, said a new association to improve the food industry.
While the Industry Ministry of Indonesia has set the F&B industry’s growth target at 7.5-7.8 percent, players in the industry are optimistic that growth will exceed expectations.
General Atlantic’s first investment in Indonesia, much is expected of this partnership with the country’s large potential for opportunities and growth.
Located on the eastern fringe of Jakarta in Bekasi, the new distribution centre marks 20 years of growth and development in Indonesia for the provider of labelling and packaging materials and solutions.
Along with two cocoa grinding factories in Bandung and Makassar, the factory in Gresik aims to supply at least 10,000 tonnes of compound chocolate per year to GarudaFood as well as Barry Callebaut’s own operations.
When 40 percent of the world’s palm and palm kernel oil are produced by smallholders, the question of sustainability arises. Projects to support smallholders can improve their productivity and secure a sustainable supply chain.
Investment in Indonesia's processed food and beverage industry is expected to surpass IDR50 trillion (US$3.9 billion) in 2016, up 16 percent year-on-year from IDR43 trillion in 2015.
With the halal market expected to grow significantly over the next four years, halal labelling will follow suit, according to Euromonitor International.
South Korea’s snack giant Orion Confectionery, known for its Choco Pies, announced on 12 May 2016 that it was joining up with Indonesian counterpart Delfi to tap into the Indonesian snack market.