Indonesia Food Flavors Market Thumbnail Image

2024

Indonesia Food Flavors Market

Indonesia Food Flavors Market Size, Share, Competitive Landscape and Trend Analysis Report, by Flavor Type, and End User: Global Opportunity Analysis and Industry Forecast, 2024 - 2035

FB : Food Ingredient

Select an option
Author's: Vidit Gite | Roshan Deshmukh
Publish Date:

Get Sample to Email

Indonesia Food Flavors Market Research, 2035

The Indonesia food flavors market for male population with age group 18-34 years was valued at $153.1 million in 2023 and is projected to reach $267.5 million by 2035, registering a CAGR of 4.8% from 2024 to 2035. The growth of the Indonesian food flavors market is primarily driven by rising consumer demand for diverse and exotic tastes, increasing disposable incomes, urbanization, and the expanding food and beverage industry, which seeks innovative and distinct flavor profiles.

https://www.alliedmarketresearch.com/assets/sampleimages/indonesia-food-flavor-market-1719310134.jpeg

Food flavors are substances added to food and beverages to enhance or modify their taste and aroma. They can be natural, derived from herbs, spices, fruits, and other plant or animal sources, or artificial, created through chemical synthesis. These flavors play a crucial role in food production, influencing consumer preferences and product differentiation. The Indonesia food flavor market for 18 to 34 years male population includes a diverse range of natural and synthetic compounds used to enhance the taste, aroma, and overall taste experience of food & beverage products. These flavors are derived from fruits, flowers, nuts, spices, and other sources, catering to the preferences of Indonesian consumers.

Market Dynamics

The Indonesia food flavor market encompasses a variety of natural and synthetic compounds used to enhance the taste and aroma of food and beverage products, catering to the diverse culinary preferences of Indonesian consumers. In Indonesia, the food flavor market for the 18-34 age group is characterized by a growing demand for exciting and innovative flavor profiles. Young adults in this demographic seek unique and exotic taste experiences, driving the popularity of bold and unconventional flavor offerings. Social media influencers and changing lifestyle preferences further influence flavor trends, shaping the market landscape for this age group.

According to the Global Nutrition Report 2022, In Indonesian adults aged 20 years and above, dietary intake for key foods and nutrients for fruit consumption averages 67g per day, nuts intake is 5.1g, and dairy consumption stands at 53.6g daily intake. Moreover, according to USDA (United States Department of Agriculture), in 2022, Indonesia's food service industry reached a value of $29 billion, a significant increase of almost 30% compared to 2021, making it the largest market for food services in Southeast Asia. With a population of around 277.4 million in 2023, Indonesia is the fourth most populous country globally, resulting in a rise in demand for the food flavors in the country.

The food industry is segmented into various channels, including food exports valued at $45 billion, food imports at $7 billion, modern grocery retail at $21 billion, food service at $29 billion, food e-commerce at $3 billion, and traditional markets, such as small local grocers, at $70 billion. The total GDP of the food industry of Indonesia was $83.1 billion in 2022. The top 10 retailers in Indonesia include Alfamart, Indomaret, Alfa Midi, Hypermart, Superindo, Transmart/Carrefour, Circle K, Lotte Mart, Farmer’s Market, and Hero.

Urbanization in Indonesia has led to a surge in market demand for food flavors due to change in consumer lifestyles and preferences. According to CIA.Gov In 2023, Indonesia's urban population accounted for 58.6% of the total population, with an estimated annual urbanization rate of 1.99% between 2020 and 2025. As more people migrate to urban areas, there is a rise in demand for convenient and ready-to-eat foods. Urban consumers seek flavor-enhanced products to suit their busy schedules and diverse tastes. This trend drives the need for a wide range of flavor options in processed foods, snacks, and beverages, fueling growth of the food flavor market in Indonesia.

Moreover, innovation in food products drives market demand for the food flavor market in Indonesia by continuously introducing new and enticing flavor profiles that captivate consumers' taste preferences. These innovations cater to evolving consumer lifestyles and preferences, enhancing the appeal of various food and beverage products. Indonesia's 18-34 years male population is a significant consumer of the food flavor market due to product innovation such as exotic fruit blends or spicy twists on traditional dishes. They are attracted to the latest flavor trends and innovations, positioning them as a pivotal demographic influencing market demand.

Segmental Overview

The Indonesia food flavor market is segmented into flavor type and end user. On the basis of flavor type, the market is divided into fruit flavors, floral flavors, nutty flavors, spicy flavors, cola, mint, chocolate, vanilla, and others. By end user, the market is classified into beverages, tobacco products, dairy products, convenience foods, bakery & confectionary, and others.

By Flavor Type

By flavor type, the fruit flavor segment dominated the Indonesia food flavor market in 2023 and is anticipated to continue the same trend during the forecast period. This dominance is primarily due to the increasing consumer preference for natural and health-oriented products. Fruit flavors are perceived as healthier and more natural compared to artificial alternatives, aligning with the growing health consciousness among Indonesian consumers. The vibrant and diverse tropical fruit selection in Indonesia, including mango, pineapple, and passion fruit, also contributes to the popularity of fruit flavors, providing a wide array of options that cater to local tastes and preferences.

Indonesia Food Flavors Market
By Flavor Type
Your browser does not support the canvas element.

Mint segment would exhibit the highest CAGR of 5.7% during 2024-2035.

Moreover, the expanding food and beverage industry in Indonesia, driven by urbanization and rising disposable incomes, has led to an increased demand for innovative and appealing flavor profiles. Fruit flavors are versatile and can be incorporated into various products such as beverages, dairy, confectionery, and baked goods, making them a favored choice for manufacturers looking to attract a broad consumer base. This versatility, combined with the health appeal, ensures the continued prominence of fruit flavors in the Indonesian market.

By End User

By end user, the beverages segment dominated the Indonesia food flavor market in 2023 and is anticipated to continue the same trend during the forecast period. This dominance is driven by the rapid growth of the beverage industry in Indonesia, fueled by increasing urbanization, higher disposable incomes, and a youthful population with a growing preference for ready-to-drink beverages. The popularity of flavored beverages, such as fruit juices, carbonated drinks, energy drinks, and flavored water, has surged, creating a robust demand for diverse and innovative flavor profiles.

Indonesia Food Flavors Market
By End User
Your browser does not support the canvas element.

Tobacco products segment would exhibit the highest CAGR of 6.3% during 2024-2035.

Additionally, the health and wellness trend significantly impacts the beverage segment. Consumers are increasingly seeking healthier drink options, leading to a rise in demand for beverages with natural and functional flavors, such as herbal infusions, tea blends, and probiotic drinks. Beverage manufacturers are continuously innovating to meet these evolving consumer preferences, incorporating exotic and locally sourced flavors to differentiate their products in a competitive market. This constant innovation and the broad appeal of flavored beverages ensure the continued dominance of the beverages segment in the Indonesian food flavor market.

Competitive Analysis

The major players operating in the Indonesia food flavor market include Firmenich International SA, Givaudan SA, International Flavors & Fragrances Inc., Kerry Group Plc, PT. Delion Citra Dinamika, Robertet Group, S H Kelkar and Company Limited, Sensient Technologies Corporation, Symrise AG, Synergy Flavors, Inc.

Several upcoming brands are vying for market dominance in the expanding Indonesia food flavors industry. Smaller, niche firms are more well-known for catering to consumer demands and needs. Private label brands created by merchants and e-commerce platforms are another aspect of the competitive market. While they provide more affordable options, they have different recognition or range of products than well-known companies.

Some Developments in the Indonesia Food Flavors Market

  • In July 2023, Synergy Flavors, Inc., launched eight new high-impact concentrated flavors for protein bars in order to expand its offering.
  • In October 2023, Givaudan SA introduced a pioneering human-machine co-creation service, leveraging artificial intelligence (AI) in partnership with the Tmall Innovation Centre (TMIC). This innovative offering enables customers in China's e-commerce market to swiftly realize their olfactory aspirations with unmatched sampling efficiency.

Key benefits for stakeholders

  • This report provides a quantitative analysis of the current trends, estimations, and dynamics of the Indonesia food flavors market size from 2023 to 2035 to identify the prevailing opportunities in the market.
  • A comprehensive analysis of the factors that drive and restrict market growth is provided.
  • An in-depth analysis of the Indonesia food flavors market helps to determine the prevailing market opportunities.
  • The report includes details of the analysis of the country market, key players, market segments, application areas, and growth strategies.

Indonesia Food Flavors Market Report Highlights

Aspects Details
icon_5
By Flavor Type
  • Fruit Flavors
  • Floral Flavors
  • Nutty Flavors
  • Spicy Flavors
  • Cola
  • Mint
  • Chocolate
  • Vanilla
  • Others
icon_6
By End User
  • Beverages
  • Tobacco Products
  • Dairy Products
  • Convenience Foods
  • Bakery And Confectionary
  • Others
icon_7
Key Market Players

Firmenich International SA, Kerry Group Plc, Robertet Group, PT. Delion Citra Dinamika, Givaudan SA, Sensient Technologies Corporation, Symrise AG, International Flavors & Fragrances Inc., S H Kelkar and Company Limited, Synergy Flavors, Inc

Analyst Review

According to CXOs, there is significant growth in the Indonesia food flavor market for 18-34 years male population, driven by several factors, including the country’s rich culinary heritage, urbanization, and change in consumer preferences. As Indonesians become more adventurous in their food choices, there is a growing demand for diverse and innovative flavor profiles. In addition, health and wellness trends influence flavor preferences, with consumers seeking natural and nutritious options. The market is dynamic, with ongoing innovation in flavor development and application across various food and beverage categories.

Westernization of diets in developing countries is most prevalent in the middle-class population. The quick spread of market chains and fast-food restaurants has strengthened the aforementioned patterns. Innovation of enhanced flavors and consistent improvement in the technology fuels the growth of the food flavors market. Many companies with their promising R&D initiatives are expecting a positive response from the food flavor industry. However, stringent regulatory framework and rise in health awareness among people are expected to hamper market growth during the forecast period. With the right strategies, such as product differentiation, market segmentation, and strategic partnerships, companies position themselves for success in this vibrant and evolving market.

Author Name(s) : Vidit Gite | Roshan Deshmukh
Frequently Asked Questions?

The Indonesia food flavor market registered a CAGR of 4.8% from 2024 to 2035

The Indonesia food flavor market was valued at $153.1 million in 2023 and is projected to reach $267.5 million by 2035, registering a CAGR of 4.8% from 2024 to 2035.

Raise the query and paste the link of the specific report and our sales executive will revert with the sample.

The forecast period in the Indonesia food flavor market report is from 2024 to 2035.

The top companies that hold the market share in the Indonesia food flavor market include Firmenich International SA, Givaudan SA, International Flavors & Fragrances Inc., Kerry Group Plc, PT. Delion Citra Dinamika, Robertet Group, S H Kelkar and Company Limited, Sensient Technologies Corporation, Symrise AG, Synergy Flavors, Inc.

The Indonesia food flavor market report has 2 segments. The segments are flavor type, and end user.

By type, the fruit flavor segment in the Indonesia food flavor market has the highest growth rate at a CAGR of 4.1% from 2024 to 2035.

Loading Table Of Content...

Indonesia Food Flavors Market

Global Opportunity Analysis and Industry Forecast, 2024 - 2035