Cooking ingredients and meals in 2024: The big picture
The market for cooking ingredients and ready meals in Indonesia demonstrated moderate growth in total volume terms in 2024, marking a significant improvement over the previous year. Most categories experienced lower unit price growth compared to 2023, driven by a variety of factors, including easing global supply chain disruptions, improved production capacity, and reduced volatility in commodity markets.
Key trends in 2024
Consumers are increasingly prioritising simplicity and convenience, as reflected in the faster retail volume growth of shelf stable ready meals and frozen soup in 2024 compared to 2023. Rapid urbanisation and the increasing number of dual-income households has boosted demand for convenient and ready-to-use items that save time in meal preparation.
Competitive landscape
Domestic producers maintained a strong foothold in Indonesia's cooking ingredients and meals market in 2024. Companies such as Salim Ivomas Pratama Tbk PT, Sari Agrotama Persada PT, and SMART Tbk PT benefit from a long history of local production and robust distribution networks, spanning both modern retail outlets and traditional markets.
Channel developments
In terms of retail purchasing behaviour, offline channels remain the dominant choice across most product categories. Consumers generally prefer physical retail stores over online e-commerce platforms because they value the opportunity to see, handle, and assess products firsthand before making a purchase.
What next for cooking ingredients and meals?
The market for cooking ingredients and meals in Indonesia is projected to see moderate volume growth over the forecast period. However, value growth may be tempered by sluggish consumer sentiment, which is expected to be further affected by ongoing suboptimal economic conditions.
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Overview:
Understand the latest market trends and future growth opportunities for the Cooking Ingredients and Meals 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 Cooking Ingredients and Meals 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 Cooking Ingredients and Meals 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 Cooking Ingredients and Meals in Indonesia?
- Which are the leading brands in Cooking Ingredients and Meals in Indonesia?
- How are products distributed in Cooking Ingredients and Meals 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 Cooking Ingredients and Meals?
- 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?
Cooking Ingredients and Meals in Indonesia
Cooking ingredients and meals in 2024: The big picture
Key trends in 2024
Competitive landscape
Channel developments
What next for cooking ingredients and meals?
DISCLAIMER
Edible Oils in Indonesia
KEY DATA FINDINGS
Packaged palm oil prices continue to normalise, but retail performance remains below pre-pandemic levels
Olive oil leads retail value growth, driven by price increases
Salim Ivomas Pratama and Sari Agrotama Persada maintain leading positions, while SMART Tbk PT gains ground
Packaged palm oil to see strong retail volume performance as competition from alternatives begins to ease
Cuisine diversification and urbanisation to drive demand for olive oil in Indonesia's foodservice sector
Other edible oils will see modest growth, due to dominance of palm oil
Meals and Soups in Indonesia
KEY DATA FINDINGS
Frozen ready meals and frozen soups lead market amid urbanisation and changing lifestyles
Fonte Quick 'n Easy and Super Bubur offer fast and convenient breakfast solutions
Supermarkets remain leading channel for purchasing meals and soups
Frozen ready meals to lead retail volume growth
Growth potential for frozen ready meals and soups in Indonesia will be hindered by infrastructure challenges
Shelf stable ready meals poised for robust growth
Sauces, Dips and Condiments in Indonesia
KEY DATA FINDINGS
Chili sauces faces volume contraction amid rising raw material costs
Unilever continues to lead the market, as mushroom-based stock cubes and powders gain traction
Offline retail remains preferred channel for sauces, dips, and condiments
Growth will be driven by convenience and foodservice expansion
Other sauces, dips, and condiments will face challenges amid evolving consumer habits and growing competition
Mayonnaise and salad dressings to lead volume growth
Sweet Spreads in Indonesia
KEY DATA FINDINGS
Moderate growth for sweet spreads despite rising costss
Ceres and Nutella face growing competition from emergent players
Supermarkets and convenience stores lead channel contribution
Trend towards healthier lifestyles will drive growth of honey as a popular alternative sweetener
Packaged honey will see competition from unbranded alternatives
Forecast stable growth for other sweet spreads, with foodservice leading the way
The following categories and subcategories are included:
Cooking Ingredients and Meals
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- Olive Oil
- Corn Oil
- Palm Oil
- Rapeseed Oil
- Soy Oil
- Sunflower Oil
- Other Edible Oil
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- Dried Ready Meals
- Shelf Stable Ready Meals
- Chilled Ready Meals
- Frozen Ready Meals
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- Dry Soup
- Shelf Stable Soup
- Chilled Soup
- Frozen Soup
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- Chilled Pizza
- Frozen Pizza
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- Meal Kits
- Quick Recipe Kits
- Chilled Lunch Kits
- Prepared Salads
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- Liquid Stocks and Fonds
- Stock Cubes and Powders
- Gravy Cubes, Powders and Pots
- Monosodium Glutamate
- Herbs and Spices
- Tomato Pastes and Purées
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- Liquid Recipe Sauces (excl pasta sauces)
- Dry Recipe Sauces
- Pasta Sauces
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- Barbecue Sauces
- Fish Sauces
- Ketchup
- Mayonnaise
- Mustard
- Oyster Sauces
- Salad Dressings
- Soy Sauces
- Chili Sauces
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- Dips
- Yeast-based Spreads
- Pickled Products
- Other Sauces and Condiments
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- Honey
- Chocolate Spreads
- Jams and Preserves
- Nut and Seed Based Spreads
Why buy this report?
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This report originates from Passport, our Cooking Ingredients and Meals research and analysis database.
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