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Indonesia Retail Market Size, Share, Growth, Industry [2031]
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Indonesia Retail Market Size, Share, Growth, Industry [2031]

Segments - Indonesia Retail Market by Products (Food and Beverages, Personal and Household Care, Apparel, Footwear, and Accessories, Furniture, Toys, and Hobby, Electronic and Household Appliances, and Others) and Distribution Channels (Supermarkets/Hypermarkets, Convenience Stores, and Department Stores, Specialty Stores, Online, and Others) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031

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Author : Swarup Sahu
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Fact-checked by : V. Chandola
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Editor : Ranjit Pankhade

Upcoming | Report ID :BFSI-1451 | 4.4 Rating | 83 Reviews | 214 Pages | Format : PDF Excel PPT

Report Description


Indonesia Retail Market Outlook

The Indonesia retail market size was valued at USD 46.34 Billion in 2022 and is projected to reach USD 71.89 Billion by 2031, expanding at a CAGR of 5% during the forecast period, 2023 – 2031. The growth of the market is attributed to growing middle class population with higher purchasing power. Moreover, changing lifestyle is majorly contributing to market growth.

In Indonesia, household consumption has slowed down in the last few years. This is a major concern for the market as household consumption has been a crucial driving factor for the economy and is of greater importance than investment, exports, and government spending. Private consumption in the form of household spending has accounted for more than 50% of the nation’s GDP.

Indonesia Retail Market Outlook

  •  Rapid growth in the e-commerce industry is expected to proliferate the market growth during the forecast period.
  • Increasing number of startups that are providing online deliveries and rising foreign investments in these startups, which is helping the distribution network of these startups is speculated to positively influence the market growth.
  • The COVID-19 pandemic persuaded state government bodies to implement lockdown of malls, retail stores, and corporates. Moreover, it disrupted the supply chain of household products. This, in turn, negatively impacted the market growth. However, the market is anticipated to reach pre-COVID level by end of 2021.
  • Decreased purchasing power owing to the pandemic had restrain the market growth.
  • Increasing government initiatives by providing stimulus packages is expected to positively influence the market growth.

Scope of Indonesia Retail Market Report

The report on the Indonesia Retail market includes an assessment of the market, trends, segments and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Retail Market - Indonesia Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2022

Historic Data

2016–2021

Forecast Period

2023–2031

Segmentation

Products (Food and Beverages, Personal and Household Care, Apparel, Footwear, and Accessories, Furniture, Toys, and Hobby, Electronic and Household Appliances, and Other Products) and Distribution Channels (Supermarkets/Hypermarkets, Convenience Stores, and Department Stores, Specialty Stores, Online, and Other Distribution Channels)

Geographic Scope

Indonesia

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

PT Matahari Putra Prima Tbk, Ramayana Lestari Sentosa, Mitra Adiperkasa, Alfartmart, PT Trans Retail Indonesia

Indonesia Retail Market Segment Insights

Products Segment Analysis

Based on products, the market is divided as food and beverages, personal and household care, apparel, footwear, and accessories, furniture, toys, and hobby, electronic and household appliances, and others. The food and beverages segment to account for a major market share owing to the growing demand for various foods and beverages due to increasing population in the country.

Indonesia’s position in the global the food & beverages market is uncertain, as on the one hand, Indonesia is one of the major producers of palm oil, fish, cocoa, and coffee, exporting its production abroad, while on the other hand, Indonesia relies on imports of products that such as wheat, dairy, or processed food products.

Amidst the COVID-19 pandemic, the food & beverage sector has emerged as one of the  drivers for the growth in Indonesia’s economy. Despite the plunge in demand during the annual Ramadan period as a result of the outbreak, the sector was able to record positive year-on-year growth rates of 3.94% and 0.22% for the first and second quarter of 2020, respectively. The personal care and household segment is anticipated to grow at a steady rate during the forecast period.

Indonesia Retail Market Products

Distribution Channels Segment Analysis

Based on distribution channels, the market is segregated as supermarkets/hypermarkets, convenience stores, and department stores, specialty stores, online, and others. The supermarkets/hypermarkets segment is projected to account for a significant market share during the forecast period owing to increasing preference for consumers to buy products from these outlets owing to convenience and discounts available.

Indonesia Retail Market Distribution Channels

Segments

Products

  • Food and Beverages
  • Personal and Household Care
  • Apparel
  • Footwear
  • Accessories
  • Furniture
  • Toys
  • Electronic and Household Appliances
  • Other Products

Distribution Channels

  • Supermarkets/Hypermarkets
  • Convenience Stores
  • Department Stores
  • Specialty Stores
  • Online
  • Others

Country

  • Indonesia

Key players

Competitive Landscape

Some of the major players in the market are PT Matahari Putra Prima Tbk, Ramayana Lestari Sentosa, Mitra Adiperkasa, Alfartmart, PT Trans Retail Indonesia.

The organized retail market has been growing significantly with companies expanding stores and considering the business potential in new market avenues. Most of the unorganized retail outlets are increasingly being replaced with big retail hypermarkets, supermarkets, and other retail chains. This is expected to continue on a large scale during the forecast period, which may significantly lead to the market growth.

Indonesia Retail Market Key Players

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Retail Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Retail Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Retail Market - Supply Chain
  4.5. Global Retail Market Forecast
     4.5.1. Retail Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Retail Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Retail Market Absolute $ Opportunity
5. Global Retail Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Retail Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Retail Demand Share Forecast, 2019-2026
6. North America Retail Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Retail Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Retail Demand Share Forecast, 2019-2026
7. Latin America Retail Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Retail Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Retail Demand Share Forecast, 2019-2026
8. Europe Retail Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Retail Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Retail Demand Share Forecast, 2019-2026
9. Asia Pacific Retail Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Retail Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Retail Demand Share Forecast, 2019-2026
10. Middle East & Africa Retail Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Retail Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Retail Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Retail Market: Market Share Analysis
  11.2. Retail Distributors and Customers
  11.3. Retail Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. PT Matahari Putra Prima Tbk
     11.4.2. Ramayana Lestari Sentosa
     11.4.3. Mitra Adiperkasa
     11.4.4. Alfartmart
     11.4.5. PT Trans Retail Indonesia

Methodology

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