Product Code: ETC101807 | Publication Date: Jul 2023 | Updated Date: Apr 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
The Indonesia Syrup Market is likely to experience consistent growth rate gains over the period 2025 to 2029. From 12.84% in 2025, the growth rate steadily ascends to 15.33% in 2029.
Indonesia's Syrup market is anticipated to experience a high growth rate of 14.21% by 2027, reflecting trends observed in the largest economy China, followed by India, Japan, Australia and South Korea.
Indonesia syrup market is expected to register a CAGR of 8% during the forecast period (2025-2031). The growing demand for convenient and healthy food options has led to an increase in the consumption of syrups, especially among health-conscious consumers. Additionally, increasing penetration of multinational companies that are offering competitive prices is also driving the growth of Indonesia syrup market.
The rising trend of premiumization has been observed in Indonesia syrup market. Syrups with natural ingredients have gained popularity among young middle-class households as they offer numerous health benefits like immunity boosting and energy enhancement due to their high content of essential vitamins and minerals. In addition, manufacturers are introducing various flavors into their products such as strawberry, blueberry, raspberry, etc., which further boosts consumer interest in these products.
Increasing disposable income coupled with changing lifestyles is one major factor driving the growth of Indonesia syrup market. Moreover, rapid urbanization and technological advancements have introduced new innovations in packaging designs that enable easy handling while traveling or on-the-go consumption. Furthermore, product visibility through digital media platforms along with modern retail formats such as hypermarkets/supermarkets and convenience stores has increased accessibility for consumers across different regions in the country leading to an upsurge in sales volumes for syrups produced by local brands as well as from global players operating within this space.
The outbreak of the novel coronavirus (COVID-19) is expected to have an unfavorable impact on the Indonesia syrup market. The pandemic has caused disruptions in global trade and supply chains, resulting in a decrease in raw material availability for syrups. Furthermore, social distancing norms and restrictions on gatherings are hindering consumer demand for syrups as they are mostly used at restaurants, cafes and other foodservice outlets. As a result, this has led to a decline in sales across the industry.
The main challenge faced by syrup manufacturers in Indonesia is the rising prices of raw materials due to supply chain constraints caused by the COVID-19 pandemic. Additionally, the fluctuating currency exchange rate poses another significant challenge as it increases production costs of products manufactured from imported ingredients or raw materials which makes them more expensive for consumers. Moreover, declining consumer confidence amid economic downturns puts pressure on companies operating within this sector as well as their financial resources leading to fewer investments into new businesses or expansions into new product categories/markets.
Some key players operating within the Indonesia syrup market include Indofood Sukses Makmur Tbk., PT Unilever Indonesia Tbk., PT Mayora Indah Tbk., PT Nutrifood Indonesia and MyFam International Pte Ltd among others. These companies mainly focus on offering various products such as chocolate syrups, fruit flavorings and natural sweeteners among others catering to different customer needs while striving for innovation through product development activities with greater emphasis being placed upon healthier options that offer better nutritional value than traditional sugar based solutions.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Indonesia Syrup Market Overview |
3.1 Indonesia Country Macro Economic Indicators |
3.2 Indonesia Syrup Market Revenues & Volume, 2021 & 2031F |
3.3 Indonesia Syrup Market - Industry Life Cycle |
3.4 Indonesia Syrup Market - Porter's Five Forces |
3.5 Indonesia Syrup Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Indonesia Syrup Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 Indonesia Syrup Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Indonesia Syrup Market Trends |
6 Indonesia Syrup Market, By Types |
6.1 Indonesia Syrup Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Indonesia Syrup Market Revenues & Volume, By Type, 2018 - 2031F |
6.1.3 Indonesia Syrup Market Revenues & Volume, By Chocolate syrup, 2018 - 2031F |
6.1.4 Indonesia Syrup Market Revenues & Volume, By Maple syrup, 2018 - 2031F |
6.1.5 Indonesia Syrup Market Revenues & Volume, By High fructose corn syrup, 2018 - 2031F |
6.1.6 Indonesia Syrup Market Revenues & Volume, By Malt syrup, 2018 - 2031F |
6.1.7 Indonesia Syrup Market Revenues & Volume, By Tapioca syrup, 2018 - 2031F |
6.1.8 Indonesia Syrup Market Revenues & Volume, By Honey, 2018 - 2031F |
6.1.9 Indonesia Syrup Market Revenues & Volume, By Others, 2018 - 2031F |
6.1.10 Indonesia Syrup Market Revenues & Volume, By Others, 2018 - 2031F |
6.2 Indonesia Syrup Market, By Distribution Channel |
6.2.1 Overview and Analysis |
6.2.2 Indonesia Syrup Market Revenues & Volume, By Supermarket and Hypermarket, 2018 - 2031F |
6.2.3 Indonesia Syrup Market Revenues & Volume, By Convenience Store, 2018 - 2031F |
6.2.4 Indonesia Syrup Market Revenues & Volume, By Online Retail Stores, 2018 - 2031F |
6.2.5 Indonesia Syrup Market Revenues & Volume, By Other Distribution Channels, 2018 - 2031F |
7 Indonesia Syrup Market Import-Export Trade Statistics |
7.1 Indonesia Syrup Market Export to Major Countries |
7.2 Indonesia Syrup Market Imports from Major Countries |
8 Indonesia Syrup Market Key Performance Indicators |
9 Indonesia Syrup Market - Opportunity Assessment |
9.1 Indonesia Syrup Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Indonesia Syrup Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
10 Indonesia Syrup Market - Competitive Landscape |
10.1 Indonesia Syrup Market Revenue Share, By Companies, 2024 |
10.2 Indonesia Syrup Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |