PROSPECTS AND OPPORTUNITIES
Baked goods offer growth potential, despite competitive and economic challenges
Amid the prominence of rice and noodles as primary staples in Indonesia, baked goods remain a secondary choice for many consumers. However, the category holds growth potential by reaching new consumer groups, which is expected to result in improved retail volume growth forecasts compared to historical trends.
Pastries will outpace bread in terms of retail volume performance
Pastries are expected to outpace bread in terms of retail volume growth over the forecast period, reversing the trend observed in the five years to 2024. Several factors will contribute to this trend, including the greater convenience of pastries as quick, ready-to-eat meal or snack options, which often come pre-filled and require minimal preparation.
Private labels will seek to capitalise on emerging trends
Cromboloni, a type of pastry that combines elements of both croissants and bomboloni (Italian doughnuts), is gaining significant popularity in Indonesia. Already widely available through online bakery shops and cafes, this pastry is quickly becoming an on-trend choice among Indonesian consumers.
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Overview:
Understand the latest market trends and future growth opportunities for the Baked Goods industry in Indonesia with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
Data and analysis in this report provides further detailed coverage dedicated to a comprehensive range of core packaged food categories.
If you're in the Baked Goods industry in Indonesia, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
The Baked Goods in Indonesia report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volume and value sizes, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent research methodology, conducted in-country
This report answers:
- What is the market size of Baked Goods in Indonesia?
- Which are the leading brands in Baked Goods in Indonesia?
- How are products distributed in Baked Goods in Indonesia?
- How is the rise of e-commerce and/or the expansion of modern grocery retail impacting traditional retail?
- What are the key health and wellness concerns driving, or challenging, sales in Baked Goods?
- How significant are vegan and vegetarian dietary requirements in determining sales growth in Indonesia?
- How has COVID-19 impacted consumer demand? To what extent have lockdown, home seclusion and stockpiling boosted sales? Will the longer term economic repercussions of the pandemic stimulate or suppress future growth?
- Where is future growth expected to be most dynamic?
- How significant will values-based claims, such as sustainability and ethical labelling, be in supporting future growth and brand equity?
Baked Goods in Indonesia - Category analysis
KEY DATA FINDINGS
Retail unit price growth of baked goods normalise with restoration of global wheat supply
Emerging competitors challenge Sari Roti’s dominance
Private labels gain ground in packaged pastries
Baked goods offer growth potential, despite competitive and economic challenges
Pastries will outpace bread in terms of retail volume performance
Private labels will seek to capitalise on emerging trends
Staple Foods in Indonesia - Industry Overview
Staple foods in 2024: The big picture
Key trends in 2024
Competitive landscape
Channel developments
What next for staple foods?
DISCLAIMER
The following categories and subcategories are included:
Baked Goods
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- Packaged Flat Bread
- Unpackaged Flat Bread
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- Packaged Leavened Bread
- Unpackaged Leavened Bread
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- Packaged Cakes
- Unpackaged Cakes
- Dessert Mixes
- Frozen Baked Goods
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- Packaged Pastries
- Unpackaged Pastries
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- Sweet Pies and Tarts
- Frozen Cakes, Sweet Pies and Tarts
Baked Goods
This is the aggregation of bread, pastries, dessert mixes, frozen baked goods and cakes. Note: in most cases, baked goods from in-store bakeries are classified under unpackaged/artisanal. While many such offerings may be finished on-site, they are often prepared, then frozen or par-baked, at other locations. Such production models are very important for supermarket in-store bakeries, which are often used to drive traffic and fill stores with appetising aromas, but for which the labour resources required to run a full-service scratch bakery are not always available. Baked goods baked from central bakeries sold unpackaged in other outlets are classified as unpackaged/artisanal. In the specific case of in-store bakery counters (for example, in supermarkets), if baked goods are finished on-site but then packaged (for example, in a box or bag) with a barcode and price, set out in the store for sale in this packaging and sold like any other packaged food product (i.e. a customer takes the packaged item from a shelf) then this is classified as packaged. If however the baked good is finished on-site, displayed unpackaged but then placed in packaging as part of the transaction (i.e. a supermarket worker at an in-store bakery counter/a customer places it in a box/bag after it has been chosen, to allow it to be carried safely) this is still classified as unpackaged.
See all of our definitionsWhy buy this report?
- Gain competitive intelligence about market leaders
- Track key industry trends, opportunities and threats
- Inform your marketing, brand, strategy and market development, sales and supply functions
This report originates from Passport, our Baked Goods research and analysis database.
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