Indonesia Foodservice Market Assessment, Channel Dynamics, Customer Segmentation, Key Players and Forecast to 2025

“Indonesia Foodservice Market Assessment, Channel Dynamics, Customer Segmentation, Key Players and Forecast to 2025” published by the publisher provides extensive insight and analysis of the Indonesian Foodservice market over the next five years (2020-2025) and acts as a vital point of reference for operators or suppliers.

Indonesia's foodservice profit sector declined at a CAGR of 9.4% during 2015-2020 and reached a value of Rp334.8 trillion (US$23 billion) in 2020. The decline in the foodservice profit sector was caused by the substantial reduction in the number of transactions in 2020 due to weaker purchasing power and operational restrictions on restaurants, cafés, and other foodservice outlets amid the COVID-19 outbreak. Take-aways and deliveries played a key role in mitigating the losses of foodservice businesses, especially in QSR channel, due to convenience and digital and technological advancements. Independent operators dominate the profit sector, while chain operators fared better than independent operators during the pandemic in the QSR and FSR channels owing to the quick adjustments to evolving consumer habits. However, the foodservice profit sector is expected to record growth at a CAGR of 19.3% during 2020-2025 owing to an increase in transactions.

The report includes - - Overview of Indonesia's macro-economic landscape: Detailed analysis of current macro-economic factors and their impact on Indonesia's foodservice market including GDP per capita, consumer price index, population growth and annual household income distribution. - Growth dynamics: In-depth data and forecasts of key channels (QSR, FSR, and Coffee & Tea Shop) within Indonesia's foodservice market, including the value of the market, number of transactions, number of outlets and average transaction price. - Customer segmentation: identify the most important demographic groups, buying habits and motivations that drive out-of-home meal occasions among segments of the Indonesian population.- Key players: Overview of market leaders within the four major channels including business descriptions and number of outlets.

Scope

• Full-service restaurant (FSR) is the largest channel in the Indonesia's foodservice profit sector by revenue, representing 64.7% of total sector revenue in 2020. Quick service restaurant (QSR) and workplace are among other prominent channels, with market shares of 11.4% and 6.9% respectively.
• In FSR channel, the value sales declined by a significant 7.1% during 2015-2020. In March 2020, many restaurants temporarily closed operations, especially for dine-in services, following the government’s recommendations. Restrictions on operation of restaurants in 2020 coupled with low consumer confidence for frequent outdoor visits significantly hampered the channel’s foot traffic, which in turn hindered the number of transactions. Restaurants across the country were compelled to adapt to changing consumer consumption patterns and several restaurants switched towards offering ready-to-cook products.
• The value sales declined in QSR channel, at a CAGR of 2.1% during 2015-2020, mainly due to the government mandated operational restrictions on restaurants for most of 2020 and low visits by consumers due to hesitation in socializing outside of home owing to the fear of getting infected. Take-away and delivery services increased during the pandemic as QSR restaurants suspended dine-in services owing to COVID-19 restrictions and focused on other services such as drive-thru, take-aways, and online orders. Several QSR operators focused on either strengthening their own delivery capabilities or partnering with third-party aggregators and providing joint promotional offers to adapt to the new normal and addressing the changing behavior of consumers who preferred their food to be home delivered.

Reasons to Buy

• Specific forecasts of the foodservice market over the next five years (2020-2025) will give readers the ability to make informed business decisions through identifying emerging/declining markets.
• Consumer segmentation detailing the desires of known consumers among all major foodservice channels (QSR, FSR, and Coffee & Tea shop) will allow readers understand the wants and needs of their target demographics.