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Indonesia Canned Food Market - Forecasts from 2022 to 2027

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  • 74 Pages
  • January 2023
  • Region: Indonesia
  • Knowledge Sourcing Intelligence LLP
  • ID: 5743411
The Indonesia canned food Market is projected to grow at a CAGR of 7.30% during the forecast period to reach US$831.718 million by 2027, from US$507.842 million in 2020.

Canning is a method of preserving food for a longer time by using air-tight containers. The canning process varies by product but usually, it involves three steps - processing, sealing, and heating the cans to kill harmful bacteria and prevent spoilage. Commonly used canned foods include fruits, vegetables, beans, soups, meats, and seafood. The major advantage of canned food is that it is affordable, convenient to carry, and has a longer shelf life. In recent times canned food consumption is increasing among people particularly working people as canned food requires less time to prepare, provides a nutrient-based diet, and has longer storage potential.

An increase in demand for canned seafood is expected to boost the market for Indonesia's canned food market.

The increase in demand for seafood has boosted the market for canned food in Indonesia. Indonesia is the world’s second-largest producer of seafood as it has rich marine biodiversity which makes it easier to procure marine animals namely fish and further boosts the demand for canned fish foods domestically and globally. The main marine capture fisheries that boost the demand for canned seafood are skipjack tunas, eastern little tunas, shrimps, and other fishes in Indonesia. The ornamental fish culture which is dominated by freshwater ornamental fishes such as koi, comet, betta, koki, and Arowana is further boosting the demand for canned fish foods. Investment from foreign entities and institutions is boosting the demand for fish and other sea foods. For example, World Bank partnered with the Government of Indonesia to launch the Coastal Fisheries Initiative Challenge Fund worth US$1 million, in October 2020. The partnership enabled private sector investment in sustainable fisheries.

However, the increase in the use of preservatives, processing, and heating techniques in canned seafood for longer shelf life is expected to hinder the market for Indonesia's canned food.

Market Developments:

  • Nestle invested US$220m in the canned beverage segment in Indonesia in May 2021 which catered to the demand for dairy products and ready-to-drink beverages in Indonesia.

Product Offerings

  • Canned Sardines/ Mackerel product by CV. Pasific Harvest aims to produce the best quality taste in the market. These come in two species sardinella longiceps and sarinella pilchardus flavored with sunflower, olive, brine, chili, and lemon oil packed in cylindrical tins.
  • Canned Sardines in Vegetable Oil by CV. Pasific Harvest comes in four species sardinella longiceps, scomber japonicus, scomber scrombus, sardinella pilchardus packed in a club can.

COVID-19 Insights

COVID-19 had a significant positive impact on the Indonesian canned food Market. Demand for canned foods and ready-to-cook foods increased during the pandemic as people shifted their preference for nutritious food that takes less time to prepare. Canned food provided customers with options to store a minimum amount of food for a long duration and in larger quantities which helped them in facing the food shortage crisis as a result of lockdown restrictions. Indonesia's cultural preference is for rice as a staple diet. During the lockdown, scarcity of rice in the country increased the prices of rice which affected the diet of lower-class individuals making them shift towards canned foods. However, social distancing norms impacted the malls, hypermarkets, and convenience store sales in Indonesia and led to the shutting down of many hypermarkets. For example, Hero Group witnessed a decline in sales in 2020 and closed all its giant stores in Indonesia in July 2021. Some existing retailers such as Matahari Putra Prima collaborated with online channels to distribute and sell food across Indonesia, making it accessible to all individuals.

Market Segmentation:

By Type

  • Organic
  • inorganic

By Product Type

  • Canned Meat
  • Canned Fish/Seafood
  • Canned Fruits and Vegetables
  • Canned Beans and Legumes
  • Others

By Distribution Channel

  • Supermarket/Hypermarket
  • Convenience Stores
  • Online
  • Others
Frequently Asked Questions about the Indonesian Canned Food Market

What is the estimated value of the Indonesian Canned Food Market?

The Indonesian Canned Food Market was estimated to be valued at $507.84 million in 2020.

What is the growth rate of the Indonesian Canned Food Market?

The growth rate of the Indonesian Canned Food Market is 7.3%, with an estimated value of $831.72 million by 2027.

What is the forecasted size of the Indonesian Canned Food Market?

The Indonesian Canned Food Market is estimated to be worth $831.72 million by 2027.

Who are the key companies in the Indonesian Canned Food Market?

Key companies in the Indonesian Canned Food Market include Del Monte Asia Pte Ltd, Hormel Foods Corporation, PT. Aneka Tuna Indonesia, PT Rex Canning. and CV. Pasific Harvest.

Table of Contents

1.1. Market Overview
1.2. COVID-19 Scenario
1.3. Market Definition
1.4. Market Segmentation

2.1. Research Data
2.2. Assumptions

3.1. Research Highlights

4.1. Market Drivers
4.2. Market Restraints
4.3. Porter’s Five Forces Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. The threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis

5.1. Introduction
5.2. Organic
5.3. Inorganic

6.1. Introduction
6.2. Canned Meat 
6.3. Canned Fish/Seafood
6.4. Canned Fruits and Vegetables
6.5. Canned Beans and Legumes
6.6. Others

7.1. Introduction
7.2. Supermarket/Hypermarket
7.3. Convenience Stores
7.4. Online
7.5. Others

8.1. Major Players and Strategy Analysis
8.2. Emerging Players and Market Lucrative
8.3. Mergers, Acquisition, Agreements, and Collaborations
8.4. Vendor Competitiveness Matrix

9.1. Del Monte Asia Pte Ltd
9.2. Hormel Foods Corporation
9.3. PT. Aneka Tuna Indonesia
9.4. PT Rex Canning.
9.5. CV. Pasific Harvest
*Not an exhaustive list

Companies Mentioned

  • Del Monte Asia Pte Ltd
  • Hormel Foods Corporation
  • PT. Aneka Tuna Indonesia
  • PT Rex Canning.
  • CV. Pasific Harvest