Food demand in Indonesia is to quadruple within the next thirty years. According to the Australian Bureau of Agricultural and Resource Economics (ABARES), this fast-paced growth will be accompanied by greater demand for higher-value and more diverse foods including meat, dairy, and fruits and vegetables.
Indonesia’s increasingly urbanised middle class will pressure policymakers to allow more imported food into the country. ABARES foresees that almost three-quarters of the value of food-consumption growth would be from imported products in Indonesia by 2050. Additionally, retail sales are expected to grow much stronger than food service, as the COVID-19 restrictions imposed by the government has reduced dine-in options for consumers in Indonesia.
Many countries are eyeing the lucrative Indonesian F&B market. Australia, for example, is leveraging its strong reputation in supplying reliable, clean, safe and high-quality food to Indonesia, especially for premium agri-food products, however, it is cautioning Australian producers to take time to fully understand policies and the regulatory environment, including Halal requirements.
(Source ABC News)