Indonesia Infant Nutrition Market is Estimated to Witness Strong Growth Owing to Increasing Working Women Population
Infant nutrition products provide balanced nutrition to support growth and development in infants and toddlers. These products come in various forms such as infant formula, baby food, and baby drinks. Infant formula is typically designed to mimic breast milk and provide infants with vitamins, minerals, amino acids, and fluids. As both parents are working in most households these days, the demand for convenient and nutritious baby food options are increasing.
The global Indonesia infant nutrition market is estimated to be valued at US$ 9.06 Bn in 2023 and is expected to exhibit a CAGR of 4.7% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Dynamics:
One of the major drivers for the growth of Indonesia infant nutrition market is the increasing working women population. According to the Indonesia government statistics, the labor force participation rate of women in Indonesia has increased from 55.5% in 2010 to 57.5% in 2020. As more women join the workforce, demand for convenient and easy to prepare infant nutrition products is growing. Moreover, rising women empowerment and their desire for career growth are propelling the demand for infant formula as it provides balanced nutrition similar to breast milk and can substitute for it when mothers are at work. Hence, the increasing working women population is expected to fuel the Indonesia infant nutrition market growth over the forecast period.
SWOT Analysis
Strength: The Indonesia infant nutrition market has a huge population base and growing birth rates which ensures robust potential demand for infant nutrition products. Favorable government regulations and initiatives to promote breastfeeding also support the industry. Rising health awareness regarding the importance of good nutrition in early childhood is driving more parents to choose high quality branded products.
Weakness: Despite overall economic growth, many households still have relatively low purchasing power which can restrict their ability to consistently afford expensive branded products. The large rural population with lower literacy also makes these households more vulnerable to misinformation regarding infant nutrition.
Opportunity: With rising urbanization and women joining the workforce, demand for convenient packaged products is growing. Educating more mothers on benefits of supplementation can further spur sales. The potential of e-commerce and organized retail to reach new customers across the nation offers scope for market expansion.
Threats: Local unbranded or loosely regulated producers offering cheaper alternatives pose competition. Strict regulatory oversight is needed to ensure product quality and safety standards are enforced industry-wide. Parental preferences for traditional home-cooked foods instead of packaged products can also affect uptake of new products. Economic slowdowns may temporarily impact disposable incomes of urban households.
Key Takeaways
Global Indonesia Infant Nutrition Market Size is expected to witness high growth over the forecast period. With robust projected economic expansion and swelling middle class, demand drivers remain strong for quality branded products catering to growing number of young families. The global Indonesia Infant Nutrition Market is estimated to be valued at US$ 9.06 Bn in 2023 and is expected to exhibit a CAGR of 4.7% over the forecast period 2023 to 2030.
Regional analysis
Java region currently dominates infant formula sales due to high population density of major cities like Jakarta and Surabaya which are key markets for packaged goods. However, other regions like Sumatra and Kalimantan are growing at a faster pace as nutritional awareness spreads deeper into rural areas aided by e-commerce accessibility on mobile devices and improved distribution infrastructure connecting these previously underserved regions to key centers.
Key players
Key players operating in the Indonesia infant nutrition market are Groupe Danone, PT Kalbe Farma Tbk, PT Indofood Sukses Makmur, Indofood CBP, Mirota KSM, Nutricia Indonesia Sejahtera, Sari Husada, Mead Johnson Indonesia, and PT Frisian Flag Indonesia. Among these, Groupe Danone, Indofood and Frisian Flag Indonesia lead through widest portfolio of formula milks, cereals and baby foods targeted at all stages and needs from newborn to toddler nutrition.
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