Besides, Milk Powder has several nutrients say vitamin B12, thiamin, and high amounts of protein powder. Milk powder is easy to carry while travelling and can be easily used by mixing in it. The need for processed and packaged food products among working people is more due to their busy schedule and easy availability of ready-to-drink. The Indonesian dairy industry is set for growth as consumers shift their health and dietary habits while the government seeks to expand their local Milk powder product. For the year 2020, Indonesia Milk Powder Market Size was US$ 1.07 Billion for the year 2020.
The Dairy sector of Indonesia remains stifled by a deficiency of quality dairy genetics for its dairy cattle population. However, Indonesian whole milk powder production continues to rise with a growth rate of 5.8% by the end of the year 2026. The whole milk powder is applicable for use in several dairy products like cheese, butter, yoghurt and bakery. Despite the rapid production, growing local demand has also led to imports in Indonesia, particularly milk powder. Ongoing challenges and continuing rise in demand for regional Milk powder products are expected to increase market share for imported products. Currently, the top exporters of milk powder products to Indonesia are the US, E.U., New Zealand, Australia, Malaysia and China.
Retail channels, including hypermarket and supermarket chains, were the most prominent distribution channel for the milk products segment in Indonesia. The imported products reach the end customers through hypermarkets and supermarkets. Increase in the development of E-commerce platforms, the online sale of milk powder products is expected to grow over the long term in Indonesia. As per our research findings, the Indonesia Milk Powder Industry is expected to grow with a CAGR of 4.08% from 2020 to 2026.
Despite hurdles presented by COVID-19, many large cooperatives report that dairy processor demand for fresh milk has continued to increase. The COVID-19 has been affecting economies and industries globally due to lockdowns, travel bans, and business shutdowns. The shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in the global market impact of the milk powder business.
Key companies focus on new product launches with natural or organic claims as to their crucial marketing strategy. For instance, in 2020, Friesland has announced plans to build a new dairy plant and distribution center for Frisian Flag Indonesia in Jakarta for producing condensed and pasteurized milk. Indonesia milk powder is moderately fragmented with a large number of players like PT Ultrajaya Milk Industry & Trading Co Tbk, Olam International, PT Indofood CBP Sukses Makmur Tbk, Danone S.A., Royal Friesland Campina N.V.
The report titled Indonesia Milk Powder, by Production (Whole Milk Powder), Consumption (Skimmed Milk Powder, Whole Milk Powder), Import (Skimmed Milk Powder, Whole Milk Powder), Export (Skimmed Milk Powder, Whole Milk Powder), Export by Regions (United States, EU 28,New Zealand, Australia, Other Countries), Distribution (Internet Retailing, Hypermarkets, Supermarkets,Convenience Store, Traditional Grocery Retailers), Company (PT Ultrajaya Milk Industry & Trading Co Tbk, Olam International, PT Indofood CBP Sukses Makmur Tbk, Danone S.A., Royal FrieslandCampina N.V.) provides an all-encompassing analysis on the Indonesia Milk PowderIndustry.
Production - Indonesia Milk Powder Market have covered from 1 viewpoints
1. Whole Milk Powder
Consumption- Indonesia Milk PowderMarket have covered from 2 viewpoints
1. Skimmed Milk Powder
2. Whole Milk Powder
Import - Indonesia Milk Powder Volume have covered from 2 viewpoints
1. Skimmed Milk Powder
2. Whole Milk Powder
Export - Indonesia Milk Powder Market have covered from 2 viewpoints
1. Skimmed Milk Powder
2. Whole Milk Powder
Export by Regions - Indonesia Milk Powder Market have covered from 5 viewpoints
1. United States
2. EU 28
3. New Zealand
4. Australia
5. Other Countries
Distribution - Indonesia Milk Powder Market have covered from 5 viewpoints
1. Internet Retailing
2. Hypermarkets
3. Supermarkets
4. Convenience Store
5. Traditional Grocery Retailers
Company Insights:
- Overview
- Recent Development
- Financial Insight
Company Analysis
1. PT Ultrajaya Milk Industry & Trading Co Tbk
2. Olam International
3. PT Indofood CBP Sukses Makmur Tbk
4. Danone S.A.
5. Royal FrieslandCampina N.V.
Table of Contents
Companies Mentioned
- PT Ultrajaya Milk Industry & Trading Co Tbk
- Olam International
- PT Indofood CBP Sukses Makmur Tbk
- Danone S.A.
- Royal FrieslandCampina N.V.
Methodology
In this report, for analyzing the future trends for the studied market during the forecast period, the publisher has incorporated rigorous statistical and econometric methods, further scrutinized by secondary, primary sources and by in-house experts, supported through their extensive data intelligence repository. The market is studied holistically from both demand and supply-side perspectives. This is carried out to analyze both end-user and producer behavior patterns, in the review period, which affects price, demand and consumption trends. As the study demands to analyze the long-term nature of the market, the identification of factors influencing the market is based on the fundamentality of the study market.
Through secondary and primary researches, which largely include interviews with industry participants, reliable statistics, and regional intelligence, are identified and are transformed to quantitative data through data extraction, and further applied for inferential purposes. The publisher's in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of their recommendations and advice.
Primary Research
The primary purpose of this phase is to extract qualitative information regarding the market from the key industry leaders. The primary research efforts include reaching out to participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions. The publisher also established professional corporate relations with various companies that allow us greater flexibility for reaching out to industry participants and commentators for interviews and discussions, fulfilling the following functions:
- Validates and improves the data quality and strengthens research proceeds
- Further develop the analyst team’s market understanding and expertise
- Supplies authentic information about market size, share, growth, and forecast
The researcher's primary research interview and discussion panels are typically composed of the most experienced industry members. These participants include, however, are not limited to:
- Chief executives and VPs of leading corporations specific to the industry
- Product and sales managers or country heads; channel partners and top level distributors; banking, investment, and valuation experts
- Key opinion leaders (KOLs)
Secondary Research
The publisher refers to a broad array of industry sources for their secondary research, which typically includes, however, is not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Patent and regulatory databases for understanding of technical & legal developments
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic new articles, webcasts, and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecasts
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 210 |
Published | July 2021 |
Forecast Period | 2020 - 2026 |
Estimated Market Value ( USD | $ 1.07 Billion |
Forecasted Market Value ( USD | $ 1.39 Billion |
Compound Annual Growth Rate | 4.0% |
Regions Covered | Indonesia |
No. of Companies Mentioned | 5 |