The Indonesian Foodservice Market - Growth, Trends and Forecasts (2018-2023) - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Sep 26, 2018--The “Indonesia Foodservice Market - Growth, Trends, and Forecast (2018 - 2023)” report has been added to ResearchAndMarkets.com’s offering.
The Indonesia foodservice market is expected to grow at a CAGR of 7.06% during the forecast period (2018-2023).
The Indonesian foodservice market is extremely diverse, consisting of high-end hotels and restaurants that serve local and international cuisine, fast food outlets, cafes and bars, bakeries, and low-end small restaurants, street-side restaurants known as warungs, and vendors that sell food to customers on the street. The growth of these businesses is in line with the growth of tourist as well as growing middle class population.Asian fast food segment such as chicken fast food restaurants continued to drive growth in the Indonesian fast food channel in 2017. The Indonesian consumers still prefer eating rice as they perceive that it make them feel full, while young population are shifting from traditional cuisines to western meals such as pizza, French fries and burgers. This has led to an increase in market for chain restaurants like as McDonalds, Pizza Hut, and Dominos among others.Health-conscious consumers are seeking for more options of healthier food and drinks in restaurants and other foodservice channels. The superfood concept that includes salads, low-calorie and high protein diets such as pitted prunes is considered to be good for health and is growing popularity across Indonesian foodservice market, especially in its urban areas.
Rising population and new establishments such from high-end hotels, bars and restaurants, to fast food outlets, cafes and street-corner juice bars offering grab and go beverages are driving the Indonesia foodservice market.With the rise in online food ordering population, delivery services like Go-Food are gaining more popularity. This has led to an increase in revenue for all types of restaurants as well. Indonesia foodservice market is dominated by the full-service sector which records a stagnant year-on-year growth rate due to the expansion of modern shopping centers and increase in the rate of dine-out population in Indonesia.
Key Developments in the MarketOnline delivery service Go-Food, in partnership with the smartphone app Go-Jek, has taken over as the market leader, expanding into second-tier cities and partnering with popular chains. It lists approximately 100,000 stores, from local satay stalls to fast food chains to pricey sushi restaurants.
Key Topics Covered
2. Indonesia Food Service Market Insights
3. Indonesia Food Service Market Dynamics
4. Indonesia Food Service Market Segmentation
5. Indonesia Food Service Market - Competitive Landscape
6. Indonesia Food Service Market - Company ProfilesA Great American BrandDominos Pizza Inc.Dunkin Brands Group Inc.J Co Donuts & Coffee PTMcDonalds Corp.Sederhana Citra Mandiri PTStarbucks Corp.Top Food Indonesia PTWendys Co.Yum! Brands
For more information about this report visit https://www.researchandmarkets.com/research/m52nvx/the_indonesian?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20180926005419/en/
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Related Topics:Food Service
KEYWORD: ASIA PACIFIC INDONESIA
INDUSTRY KEYWORD: RETAIL FOOD/BEVERAGE
SOURCE: Research and Markets
Copyright Business Wire 2018.
PUB: 09/26/2018 07:02 AM/DISC: 09/26/2018 07:02 AM