Retail market share size in Indonesia to grow by USD 44.13 billion from 2021 to 2026: A descriptive analysis of customer landscape, vendor assessment, and market dynamics - Technavio

NEW YORK, Jan. 16, 2023 /PRNewswire/ -- The global retail market size in Indonesia is estimated to increase by USD 44.13 billion. The market's growth momentum will progress at a CAGR of 4.6%.

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Global retail market share in Indonesia - Customer landscape
To help companies evaluate and develop growth strategies, the report outlines –

• Key purchase criteria
• Adoption rates
• Adoption lifecycle
• Drivers of price sensitivity

Global retail market share in Indonesia – Vendor Analysis

Vendor Landscape - The global retail market in Indonesia is fragmented, with the presence of several global as well as regional vendors. A few prominent vendors that offer retail in Indonesia in the market are Fuji Kiko Co. Ltd., KLK Oleo, NIPPON LEAKLESS CORP, Nissin Manufacturing Co. Ltd., PT Astra International Tbk, PT Chandra Asri Petrochemical Tbk, PT FUJITA INDONESIA, PT Hino Motors Manufacturing Indonesia, PT. Indomarco Prismatama, PT. Iniko Karya Persada, PT LOTTE CHEMICAL TITAN TBK, PT Nippon Indosari Corpindo Tbk, PT. Pratama Abadi Industri, PT Sariguna Primatirta Tbk, PT Siantar Top Tbk, PT. SGMW Motor Indonesia, PT. Sokonindo Automobile, PT Tempo Scan Pacific Tbk, PT WILMAR CAHAYA INDONESIA Tbk, and Siam Cement PCL and others.

The global retail market in Indonesia is at its growing stage. This implies that the market in focus is characterized by the expansion of the retail landscape, the growing popularity of private-label brands, and the rising prominence of in-store bakeries in supermarkets

Vendor Offerings -

• The Indonesian retail market is highly competitive and fragmented, with the presence of both small and large vendors. Intense competition and declining profit margins are significant risk factors for the vendors operating in the market. With the increase in competition, the industry has been witnessing consolidation, where smaller entities are acquired by or merged with major players. To survive and succeed in this intensely competitive environment, it becomes imperative for market vendors to distinguish their product and service offerings through clear and unique value propositions.
• For Details on the vendor and its offerings – Buy the report!

Global retail market share in Indonesia - Segmentation assessment

Segment overview
Technavio has segmented the market based on products (food and beverages, electrical and electronics, apparel and footwear, home improvement and household products, and Others) and distribution channel (Offline and Online). 

• The market share growth of the food and beverages segment will be higher than the other segments during the forecast period. Indonesia's food and beverage industry is growing due to the rising trend in commodity prices and the consequent rise in the purchasing power of people in various regions. Additionally, Indonesia is seeing a rise in consumer interest in imported items, particularly processed foods, which are predicted to grow at the fastest rate during the forecast period.

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Global retail market share in Indonesia – Market dynamics

Leading drivers - One of the key factors driving growth in the retail market in Indonesia is the expansion of the retail landscape. The traditional unorganized retail segment in Indonesia consists of small roadside stalls and vendors. However, during the forecast period, the majority of the unorganized retail outlets will be replaced by large supermarkets, hypermarkets, and other retail chains. Shopping has also become more convenient for consumers due to organized retailing because they may get all of their necessities from one place. Hence, the expansion of the retail landscape in Indonesia is expected to drive the growth of the retail market during the forecast period.

Key trends - The growing preference for local brands will be a major trend for the retail market in Indonesia during the forecast period. Indonesians have a strong preference for local or Indonesian brands. More than 65% of individuals buy food and beverages from the same retailer. Consumers in Indonesia claim that both inexpensive domestic goods and local brands can fulfill their requirements and provide better value for money. Furthermore, due to the large regional population, Indonesia's retail sector is now seeing the growth of businesses that adhere to Islamic or Sharia law. 

Major challenges - The underdeveloped infrastructure will be a major challenge for the retail market in Indonesia during the forecast period. A significant contributor to rising inefficiency and transaction costs in Indonesia is the absence of developed and well-maintained infrastructure and network service, which makes it challenging for exporters and investors to operate profitably. An extensive distribution network is necessary for consumer goods companies to succeed in the market. Since the country's population is dispersed across islands, many consumers are unable to access various products and services due to poor connectivity to proper roads. Hence, the lack of proper infrastructure will hinder the market growth during the forecast period.

Driver, Trend & Challenges are the factor of market dynamics which states about consequences & sustainability of the businesses, find some insights from a sample report!

What are the key data covered in this retail market share in the Indonesia report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the retail market share in Indonesia between 2022 and 2026
• Precise estimation of the size of the retail market share in Indonesia and its contribution to the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the retail market share in Indonesia across Indonesia
• A thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of retail market share in Indonesia vendors

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Table of Contents

1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Country Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market Segmentation by Product
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Distribution Channel
• Exhibit 06: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 07: Parent market
• Exhibit 08: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 09: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 10: Market segments

• 3.3 Market size 2021

• 3.4 Market outlook: Forecast for 2021-2026 
• Exhibit 11: Chart on Indonesia - Market size and forecast 2021-2026 ($ billion)
• Exhibit 12: Data Table on Indonesia - Market size and forecast 2021-2026 ($ billion)
• Exhibit 13: Chart on Indonesia: Year-over-year growth 2021-2026 (%)
• Exhibit 14: Data Table on Indonesia: Year-over-year growth 2021-2026 (%)

4 Historic Market Size

5 Five Forces Analysis

• 5.1 Five forces summary 
• Exhibit 15: Five forces analysis - Comparison between 2021 and 2026

• 5.2 Bargaining power of buyers 
• Exhibit 16: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026

• 5.3 Bargaining power of suppliers 
• Exhibit 17: Bargaining power of suppliers – Impact of key factors in 2021 and 2026

• 5.4 Threat of new entrants 
• Exhibit 18: Threat of new entrants – Impact of key factors in 2021 and 2026

• 5.5 Threat of substitutes 
• Exhibit 19: Threat of substitutes – Impact of key factors in 2021 and 2026

• 5.6 Threat of rivalry 
• Exhibit 20: Threat of rivalry – Impact of key factors in 2021 and 2026

• 5.7 Market condition 
• Exhibit 21: Chart on Market condition - Five forces 2021 and 2026

6 Market Segmentation by Product

• 6.1 Market segments 
• Exhibit 22: Chart on Product - Market share 2021-2026 (%)
• Exhibit 23: Data Table on Product - Market share 2021-2026 (%)

• 6.2 Comparison by Product 
• Exhibit 24: Chart on Comparison by Product
• Exhibit 25: Data Table on Comparison by Product

• 6.3 Food and beverages - Market size and forecast 2021-2026
• Exhibit 26: Chart on Food and beverages - Market size and forecast 2021-2026 ($ billion)
• Exhibit 27: Data Table on Food and beverages - Market size and forecast 2021-2026 ($ billion)
• Exhibit 28: Chart on Food and beverages - Year-over-year growth 2021-2026 (%)
• Exhibit 29: Data Table on Food and beverages - Year-over-year growth 2021-2026 (%)

• 6.4 Electrical and electronics - Market size and forecast 2021-2026 
• Exhibit 30: Chart on Electrical and electronics - Market size and forecast 2021-2026 ($ billion)
• Exhibit 31: Data Table on Electrical and electronics - Market size and forecast 2021-2026 ($ billion)
• Exhibit 32: Chart on Electrical and electronics - Year-over-year growth 2021-2026 (%)
• Exhibit 33: Data Table on Electrical and electronics - Year-over-year growth 2021-2026 (%)

• 6.5 Apparel and footwear - Market size and forecast 2021-2026
• Exhibit 34: Chart on Apparel and footwear - Market size and forecast 2021-2026 ($ billion)
• Exhibit 35: Data Table on Apparel and footwear - Market size and forecast 2021-2026 ($ billion)
• Exhibit 36: Chart on Apparel and footwear - Year-over-year growth 2021-2026 (%)
• Exhibit 37: Data Table on Apparel and footwear - Year-over-year growth 2021-2026 (%)

• 6.6 Home improvement and household products - Market size and forecast 2021-2026 
• Exhibit 38: Chart on Home improvement and household products - Market size and forecast 2021-2026 ($ billion)
• Exhibit 39: Data Table on Home improvement and household products - Market size and forecast 2021-2026 ($ billion)
• Exhibit 40: Chart on Home improvement and household products - Year-over-year growth 2021-2026 (%)
• Exhibit 41: Data Table on Home improvement and household products - Year-over-year growth 2021-2026 (%)

• 6.7 Others - Market size and forecast 2021-2026
• Exhibit 42: Chart on Others - Market size and forecast 2021-2026 ($ billion)
• Exhibit 43: Data Table on Others - Market size and forecast 2021-2026 ($ billion)
• Exhibit 44: Chart on Others - Year-over-year growth 2021-2026 (%)
• Exhibit 45: Data Table on Others - Year-over-year growth 2021-2026 (%)

• 6.8 Market opportunity by Product 
• Exhibit 46: Market opportunity by Product ($ billion)

7 Market Segmentation by Distribution Channel

• 7.1 Market segments 
• Exhibit 47: Chart on Distribution Channel - Market share 2021-2026 (%)
• Exhibit 48: Data Table on Distribution Channel - Market share 2021-2026 (%)

• 7.2 Comparison by Distribution Channel 
• Exhibit 49: Chart on Comparison by Distribution Channel
• Exhibit 50: Data Table on Comparison by Distribution Channel

• 7.3 Offline - Market size and forecast 2021-2026
• Exhibit 51: Chart on Offline - Market size and forecast 2021-2026 ($ billion)
• Exhibit 52: Data Table on Offline - Market size and forecast 2021-2026 ($ billion)
• Exhibit 53: Chart on Offline - Year-over-year growth 2021-2026 (%)
• Exhibit 54: Data Table on Offline - Year-over-year growth 2021-2026 (%)

• 7.4 Online - Market size and forecast 2021-2026
• Exhibit 55: Chart on Online - Market size and forecast 2021-2026 ($ billion)
• Exhibit 56: Data Table on Online - Market size and forecast 2021-2026 ($ billion)
• Exhibit 57: Chart on Online - Year-over-year growth 2021-2026 (%)
• Exhibit 58: Data Table on Online - Year-over-year growth 2021-2026 (%)

• 7.5 Market opportunity by Distribution Channel
• Exhibit 59: Market opportunity by Distribution Channel ($ billion)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 60: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Drivers, Challenges, and Trends

• 9.1 Market drivers

• 9.2 Market challenges

• 9.3 Impact of drivers and challenges 
• Exhibit 61: Impact of drivers and challenges in 2021 and 2026

• 9.4 Market trends

10 Vendor Landscape

• 10.1 Overview

• 10.2 Vendor landscape 
• Exhibit 62: Overview on Criticality of inputs and Factors of differentiation

• 10.3 Landscape disruption 
• Exhibit 63: Overview on factors of disruption

• 10.4 Industry risks 
• Exhibit 64: Impact of key risks on business

11 Vendor Analysis

• 11.1 Vendors covered 
• Exhibit 65: Vendors covered

• 11.2 Market positioning of vendors 
• Exhibit 66: Matrix on vendor position and classification

• 11.3 Fuji Kiko Co. Ltd. 
• Exhibit 67: Fuji Kiko Co. Ltd. - Overview
• Exhibit 68: Fuji Kiko Co. Ltd. - Product / Service
• Exhibit 69: Fuji Kiko Co. Ltd. - Key offerings

• 11.4 KLK Oleo 
• Exhibit 70: KLK Oleo - Overview
• Exhibit 71: KLK Oleo - Product / Service
• Exhibit 72: KLK Oleo - Key offerings

• 11.5 NIPPON LEAKLESS CORP 
• Exhibit 73: NIPPON LEAKLESS CORP - Overview
• Exhibit 74: NIPPON LEAKLESS CORP - Product / Service
• Exhibit 75: NIPPON LEAKLESS CORP - Key offerings

• 11.6 Nissin Manufacturing Co. Ltd. 
• Exhibit 76: Nissin Manufacturing Co. Ltd. - Overview
• Exhibit 77: Nissin Manufacturing Co. Ltd. - Product / Service
• Exhibit 78: Nissin Manufacturing Co. Ltd. - Key offerings

• 11.7 PT Astra International Tbk 
• Exhibit 79: PT Astra International Tbk - Overview
• Exhibit 80: PT Astra International Tbk - Business segments
• Exhibit 81: PT Astra International Tbk - Key offerings
• Exhibit 82: PT Astra International Tbk - Segment focus

• 11.8 PT Chandra Asri Petrochemical Tbk 
• Exhibit 83: PT Chandra Asri Petrochemical Tbk - Overview
• Exhibit 84: PT Chandra Asri Petrochemical Tbk - Business segments
• Exhibit 85: PT Chandra Asri Petrochemical Tbk - Key offerings
• Exhibit 86: PT Chandra Asri Petrochemical Tbk - Segment focus

• 11.9 PT FUJITA INDONESIA 
• Exhibit 87: PT FUJITA INDONESIA - Overview
• Exhibit 88: PT FUJITA INDONESIA - Product / Service
• Exhibit 89: PT FUJITA INDONESIA - Key offerings

• 11.10 PT Hino Motors Manufacturing Indonesia
• Exhibit 90: PT Hino Motors Manufacturing Indonesia - Overview
• Exhibit 91: PT Hino Motors Manufacturing Indonesia - Product / Service
• Exhibit 92: PT Hino Motors Manufacturing Indonesia - Key offerings

• 11.11 PT. Indomarco Prismatama 
• Exhibit 93: PT. Indomarco Prismatama - Overview
• Exhibit 94: PT. Indomarco Prismatama - Product / Service
• Exhibit 95: PT. Indomarco Prismatama - Key offerings

• 11.12 PT. Iniko Karya Persada 
• Exhibit 96: PT. Iniko Karya Persada - Overview
• Exhibit 97: PT. Iniko Karya Persada - Product / Service
• Exhibit 98: PT. Iniko Karya Persada - Key offerings

• 11.13 PT LOTTE CHEMICAL TITAN TBK 
• Exhibit 99: PT LOTTE CHEMICAL TITAN TBK - Overview
• Exhibit 100: PT LOTTE CHEMICAL TITAN TBK - Product / Service
• Exhibit 101: PT LOTTE CHEMICAL TITAN TBK - Key offerings

• 11.14 PT Nippon Indosari Corpindo Tbk 
• Exhibit 102: PT Nippon Indosari Corpindo Tbk - Overview
• Exhibit 103: PT Nippon Indosari Corpindo Tbk - Business segments
• Exhibit 104: PT Nippon Indosari Corpindo Tbk - Key offerings
• Exhibit 105: PT Nippon Indosari Corpindo Tbk - Segment focus

• 11.15 PT. Pratama Abadi Industri 
• Exhibit 106: PT. Pratama Abadi Industri - Overview
• Exhibit 107: PT. Pratama Abadi Industri - Business segments
• Exhibit 108: PT. Pratama Abadi Industri - Key offerings
• Exhibit 109: PT. Pratama Abadi Industri - Segment focus

• 11.16 PT Sariguna Primatirta Tbk 
• Exhibit 110: PT Sariguna Primatirta Tbk - Overview
• Exhibit 111: PT Sariguna Primatirta Tbk - Business segments
• Exhibit 112: PT Sariguna Primatirta Tbk - Key offerings
• Exhibit 113: PT Sariguna Primatirta Tbk - Segment focus

• 11.17 PT Siantar Top Tbk 
• Exhibit 114: PT Siantar Top Tbk - Overview
• Exhibit 115: PT Siantar Top Tbk - Business segments
• Exhibit 116: PT Siantar Top Tbk - Key offerings
• Exhibit 117: PT Siantar Top Tbk - Segment focus

• 11.18 PT. SGMW Motor Indonesia 
• Exhibit 118: PT. SGMW Motor Indonesia - Overview
• Exhibit 119: PT. SGMW Motor Indonesia - Product / Service
• Exhibit 120: PT. SGMW Motor Indonesia - Key offerings

• 11.19 PT. Sokonindo Automobile 
• Exhibit 121: PT. Sokonindo Automobile - Overview
• Exhibit 122: PT. Sokonindo Automobile - Product / Service
• Exhibit 123: PT. Sokonindo Automobile - Key offerings

• 11.20 PT Tempo Scan Pacific Tbk 
• Exhibit 124: PT Tempo Scan Pacific Tbk - Overview
• Exhibit 125: PT Tempo Scan Pacific Tbk - Business segments
• Exhibit 126: PT Tempo Scan Pacific Tbk - Key offerings
• Exhibit 127: PT Tempo Scan Pacific Tbk - Segment focus

• 11.21 PT WILMAR CAHAYA INDONESIA Tbk 
• Exhibit 128: PT WILMAR CAHAYA INDONESIA Tbk - Overview
• Exhibit 129: PT WILMAR CAHAYA INDONESIA Tbk - Product / Service
• Exhibit 130: PT WILMAR CAHAYA INDONESIA Tbk - Key offerings

• 11.22 Siam Cement PCL 
• Exhibit 131: Siam Cement PCL - Overview
• Exhibit 132: Siam Cement PCL - Business segments
• Exhibit 133: Siam Cement PCL - Key offerings
• Exhibit 134: Siam Cement PCL - Segment focus

12 Appendix

• 12.1 Scope of the report

• 12.2 Inclusions and exclusions checklist 
• Exhibit 135: Inclusions checklist
• Exhibit 136: Exclusions checklist

• 12.3 Currency conversion rates for US$ 
• Exhibit 137: Currency conversion rates for US$

• 12.4 Research methodology 
• Exhibit 138: Research methodology
• Exhibit 139: Validation techniques employed for market sizing
• Exhibit 140: Information sources

• 12.5 List of abbreviations 
• Exhibit 141: List of abbreviations

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