According to MarkNtel Advisors who is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. Recently released a report on Indonesia Retail Market – Industry Trends and Forecast to 2030 and provides a comprehensive analysis of the current and future market conditions. The market research insights offered in this report enhance understanding of the market landscape, potential challenges, and strategies to establish a strong brand presence. With detailed market segmentation, in-depth analysis of key players, examination of consumer and supply chain trends, and exploration of new geographic markets, the insights presented in this report simplify the effective marketing of products and services.
Indonesia Retail Market Analysis and Size
Indonesia Retail Market is estimated to grow at a CAGR of around 4.7% during the forecast period, i.e., 2024-30.
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Some of the major players operating in the Indonesia Retail Market are PT Matahari Putra Prima Tbk, PT Ramayana Lestari Sentosa TBK, PT Sumber Alfaria Trijaya, Tbk, PT Mitra Adiperkasa Tbk, PT Trans Retail Indonesia, Erajaya Swasembada, Hero Supermarket Group, PT Aeon Indonesia, Indomaret, Lotte Mart, and others.
Indonesia Retail Market Growth Driver:
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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Market Segment and Geographical Analysis
By Product
- Food and Beverages- Market Size & Forecast 2019-2030F, USD Million
- Personal and Household Care- Market Size & Forecast 2019-2030F, USD Million
- Apparel, Footwear, and Accessories- Market Size & Forecast 2019-2030F, USD Million
- Furniture, Toys, and Hobby- Market Size & Forecast 2019-2030F, USD Million
- Electronic and Household Appliances- Market Size & Forecast 2019-2030F, USD Million
- Others- Market Size & Forecast 2019-2030F, USD Million
By Distribution Channel
- Supermarkets/Hypermarkets, Convenience Stores, and Department Stores- Market Size & Forecast 2019-2030F, USD Million
- Specialty Stores- Market Size & Forecast 2019-2030F, USD Million
- Online- Market Size & Forecast 2019-2030F, USD Million
- Others- Market Size & Forecast 2019-2030F, USD Million
By Region
- North Sumatra
- West Java
- Central Java
- East Java
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