Indonesia Food Flavor Market Size, Share, Competitive Landscape and Trend Analysis Report by Type and End User : Opportunity Analysis and Industry Forecast, 2023-2032

Description

List of Tables

The Indonesia food flavor market for the 18-34 years age group male population 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.

Rising income levels among Indonesia's 18-34-year-old male population have led to increased spending on food and beverage products. With higher disposable income, individuals are more likely to experiment with flavored food options, driving demand for diverse and premium flavor offerings. This trend fuels the need for a broader variety of traditional and innovative flavors to cater to evolving tastes and preferences. According to the World Bank, Indonesia's gross national income (GNI) per capita reached $4,580 in 2022. Additionally, improved income levels enhance quality of life, further boosting demand for healthy and flavorful food products. The food flavor market benefits from these shifts in consumer behavior, as manufacturers strive to meet the growing demand for high-quality, flavorful offerings in line with Indonesia's increasingly affluent population.

However, stringent government regulations restrain market demand in the Indonesian food flavor market by imposing restrictions on certain ingredients or additives deemed harmful or unhealthy. These regulations limit the use of artificial flavors, preservatives, and additives, affecting the availability and formulation of various food products. Compliance with regulatory standards increases production costs and slows innovation in flavor development. Additionally, strict labeling requirements and extensive documentation processes create administrative burdens for food manufacturers, hindering market entry and expansion. While these regulations aim to protect public health and safety, excessive restrictions can stifle market growth and limit consumer choice in Indonesia's food flavor market.

Furthermore, according to the World Bank's economic report from October 2023, Indonesia's economic growth is driven by increased private consumption and favorable terms of trade. GDP growth is projected to reach 5.0 percent in 2023 and average 4.9 percent from 2024 to 2026. Additionally, emerging economies, largely untapped, present significant opportunities. Non-member nations of the Organization for Economic Co-operation and Development (OECD) make up more than 80% of the global population but consume less than 60% of the world's food. This indicates substantial demand potential for food products in Indonesia. The incorporation of novel food ingredients by manufacturers is expected to propel the country's food flavors market during the forecast period.

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.

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.

KEY BENEFITS for STAKEHOLDERS

This report provides a quantitative analysis of the current trends, estimations, and dynamics from 2023 to 2035 to assist in identifying the prevailing market opportunities.
Major countries in the region are mapped according to the individual market revenue.
The country-wise Indonesia food flavors market conditions are comprehensively analyzed.
This study evaluates the competitive landscape and the value chain analysis to understand the competitive environment across geographies.
An in-depth analysis of each segment of the Indonesia food flavors market is provided to assist the prevailing market opportunities.

Additional benefits you will get with this purchase are:

Quarterly Update and* (only available with a corporate license, on listed price)
5 additional Company Profile of client Choice pre- or Post-purchase, as a free update.
Free Upcoming Version on the Purchase of Five and Enterprise User License.
16 analyst hours of support* (post-purchase, if you find additional data requirements upon review of the report, you may receive support amounting to 16 analyst hours to solve questions, and post-sale queries)
15% Free Customization* (in case the scope or segment of the report does not match your requirements, 15% is equivalent to 3 working days of free work, applicable once)
Free data Pack on the Five and Enterprise User License. (Excel version of the report)
Free Updated report if the report is 6-12 months old or older.
24-hour priority response*
Free Industry updates and white papers.

Key Segments

By Flavor Type

Fruit Flavors
Floral Flavors
Nutty Flavors
Spicy Flavors
Cola
Mint
Chocolate
Vanilla
Others

By End User

Beverages
Tobacco Products
Dairy Products
Convenience Foods
Bakery And Confectionary
Others

Key Players

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.

Product Code: A289804

CHAPTER 1: INTRODUCTION

1.1. Report description
1.2. Key benefits for stakeholders
1.3. Research methodology
- 1.3.1. Secondary research
- 1.3.2. Primary research
1.4. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY

2.1. Indonesia food flavors market snapshot
2.2. Key findings of the study
2.3. CXO perspective

CHAPTER 3: MARKET OVERVIEW

3.1. Market definition and scope
3.2. Key findings
- 3.2.1. Top investment pockets
3.3. Porter's five forces analysis
3.4. Market dynamics
- 3.4.1. Drivers
  - 3.4.1.1. Surge in demand for ready-to-eat (RTE) meal and fast foods
  - 3.4.1.2. Rise in income levels
- 3.4.2. Restraints
  - 3.4.2.1. Surge in side effects of artificial flavors
  - 3.4.2.2. Stringent government regulations
- 3.4.3. Opportunity
  - 3.4.3.1. Technological advancement
  - 3.4.3.2. Opportunities in the unpenetrated and under penetrated developing countries
3.5. Pricing Analysis
3.6. Market Share Analysis
3.7. Value Chain Analysis
3.8. Overview of Tobacco Smoking Industry in Indonesia
- 3.8.1. Smoking Regulations in Indonesia
- 3.8.2. Share of Smokers' Population in 2023
- 3.8.3. Trends of Smoking in Indonesia

CHAPTER 4: INDONESIA FOOD FLAVORS MARKET, BY FLAVOR TYPE

4.1. Overview
- 4.1.1. Market size and forecast
4.2. Fruit Flavors
- 4.2.1. Key market trends, growth factors, and opportunities
- 4.2.2. Summary
- 4.2.3. Market size and forecast
4.3. Floral Flavors
- 4.3.1. Key market trends, growth factors, and opportunities
- 4.3.2. Summary
- 4.3.3. Market size and forecast
4.4. Nutty Flavors
- 4.4.1. Key market trends, growth factors, and opportunities
- 4.4.2. Summary
- 4.4.3. Market size and forecast
4.5. Spicy Flavors
- 4.5.1. Key market trends, growth factors, and opportunities
- 4.5.2. Summary
- 4.5.3. Market size and forecast
4.6. Cola
- 4.6.1. Key market trends, growth factors, and opportunities
- 4.6.2. Market size and forecast
4.7. Mint
- 4.7.1. Key market trends, growth factors, and opportunities
- 4.7.2. Market size and forecast
4.8. Chocolate
- 4.8.1. Key market trends, growth factors, and opportunities
- 4.8.2. Market size and forecast
4.9. Vanilla
- 4.9.1. Key market trends, growth factors, and opportunities
- 4.9.2. Market size and forecast
4.10. Others
- 4.10.1. Key market trends, growth factors, and opportunities
- 4.10.2. Market size and forecast

CHAPTER 5: INDONESIA FOOD FLAVORS MARKET, BY END USER

5.1. Overview
- 5.1.1. Market size and forecast
5.2. Beverages
- 5.2.1. Key market trends, growth factors, and opportunities
- 5.2.2. Summary
- 5.2.3. Market size and forecast
5.3. Tobacco Products
- 5.3.1. Key market trends, growth factors, and opportunities
- 5.3.2. Summary
- 5.3.3. Market size and forecast
5.4. Dairy Products
- 5.4.1. Key market trends, growth factors, and opportunities
- 5.4.2. Summary
- 5.4.3. Market size and forecast
5.5. Convenience Foods
- 5.5.1. Key market trends, growth factors, and opportunities
- 5.5.2. Summary
- 5.5.3. Market size and forecast
5.6. Bakery and Confectionery
- 5.6.1. Key market trends, growth factors, and opportunities
- 5.6.2. Summary
- 5.6.3. Market size and forecast
5.7. Others
- 5.7.1. Key market trends, growth factors, and opportunities
- 5.7.2. Market size and forecast

CHAPTER 6: COMPETITION LANDSCAPE

6.1. Overview
6.2. Competitive dashboard
6.3. Competitive heat map
6.4. Product mapping
6.5. Top winning strategies
6.6. Key developments
- 6.6.1. Business Expansion
- 6.6.2. Acquisitions
- 6.6.3. Partnership
- 6.6.4. Product Launch
6.7. Top Player Positioning

CHAPTER 7: COMPANY PROFILES

7.1. FIRMENICH INTERNATIONAL SA
- 7.1.1. Company overview
- 7.1.2. Key Executives
- 7.1.3. Company snapshot
- 7.1.4. Operating business segments
- 7.1.5. Product portfolio
- 7.1.6. Business performance
- 7.1.7. Key strategic moves and developments
7.2. GIVAUDAN SA
- 7.2.1. Company overview
- 7.2.2. Key Executives
- 7.2.3. Company snapshot
- 7.2.4. Operating business segments
- 7.2.5. Product portfolio
- 7.2.6. R&D Expenditure
- 7.2.7. Business performance
- 7.2.8. Key strategic moves and developments
7.3. INTERNATIONAL FLAVORS & FRAGRANCES INC.
- 7.3.1. Company overview
- 7.3.2. Key Executives
- 7.3.3. Company snapshot
- 7.3.4. Operating business segments
- 7.3.5. Product portfolio
- 7.3.6. R&D Expenditure
- 7.3.7. Business performance
- 7.3.8. Key strategic moves and developments
7.4. KERRY GROUP PLC
- 7.4.1. Company overview
- 7.4.2. Key Executives
- 7.4.3. Company snapshot
- 7.4.4. Operating business segments
- 7.4.5. Product portfolio
- 7.4.6. R&D Expenditure
- 7.4.7. Business performance
- 7.4.8. Key strategic moves and developments
7.5. PT. DELION CITRA DINAMIKA
- 7.5.1. Company overview
- 7.5.2. Key Executive
- 7.5.3. Company snapshot
- 7.5.4. Operating business segments
- 7.5.5. Product portfolio
7.6. ROBERTET GROUP
- 7.6.1. Company overview
- 7.6.2. Key Executives
- 7.6.3. Company snapshot
- 7.6.4. Operating business segments
- 7.6.5. Product portfolio
- 7.6.6. Business performance
7.7. S H KELKAR AND COMPANY LIMITED
- 7.7.1. Company overview
- 7.7.2. Key Executives
- 7.7.3. Company snapshot
- 7.7.4. Operating business segments
- 7.7.5. Product portfolio
- 7.7.6. Business performance
7.8. SENSIENT TECHNOLOGIES CORPORATION
- 7.8.1. Company overview
- 7.8.2. Key Executives
- 7.8.3. Company snapshot
- 7.8.4. Operating business segments
- 7.8.5. Product portfolio
- 7.8.6. R&D Expenditure
- 7.8.7. Business performance
7.9. SYMRISE AG
- 7.9.1. Company overview
- 7.9.2. Key Executives
- 7.9.3. Company snapshot
- 7.9.4. Operating business segments
- 7.9.5. Product portfolio
- 7.9.6. R&D Expenditure
- 7.9.7. Business performance
- 7.9.8. Key strategic moves and developments
7.10. SYNERGY FLAVORS, INC.
- 7.10.1. Company overview
- 7.10.2. Key Executives
- 7.10.3. Company snapshot
- 7.10.4. Operating business segments
- 7.10.5. Product portfolio
- 7.10.6. Key strategic moves and developments