Indonesia Brown Rice Market: Import Trend Analysis
Indonesia`s brown rice market witnessed a notable decrease in imports from 2020 to 2024, with a compound annual growth rate (CAGR) of -30.66%. This decline could be attributed to shifting demand dynamics, impacting the market`s trade performance and import momentum during the period.
Brown Rice Market: Indonesia vs Top 5 Major Economies in 2027 (Asia)
In the Asia region, the Brown Rice market in Indonesia is projected to expand at a growing growth rate of 9.90% by 2027. The largest economy is China, followed by India, Japan, Australia and South Korea.
Indonesia Brown Rice Market Synopsis
Brown rice is a whole grain that has been minimally processed, with only the outermost layer of the grains removed. It is popular in Indonesia due to its nutritional benefits and various uses. The Indonesia brown rice market size was valued at US$ 992 million in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 7.6% from 2020 to 2027, reaching US$ 1,698 million by 2027.
Market Trends
The popularity of organic foods continues to increase among Indonesia consumers, owing to their awareness about health & wellness and the associated benefits derived from consumption of such products. This demand for organic food products is leading manufacturers to introduce high-end variants made using natural ingredients like brown rice flakes which are gaining traction across online platforms as well as retail outlets in order to meet consumer requirements.. Additionally, several local players have started manufacturing premium quality production lines utilizing modern technologies such as milling machines for producing large quantities within short turnaround time frames at relatively low costs thus boosting their sales revenues significantly over the forecast period.
Market Drivers
The key drivers for the market are increasing health consciousness amongst consumers coupled with rising disposable incomes allowing them more flexibility in spending on healthier lifestyle alternatives; growing preference towards packaged food products along with convenience offered by them; growing focus on maintaining dietary balance through consumption of nutrient-rich food; government initiatives encouraging people towards replacing white refined grains with unprocessed ones; easy availability across various stores including general trade shops and supermarkets etc; attractive packaging designs catching customer attention easily etc.
COVID-19 Impact on the Market
The COVID-19 pandemic has had a negative effect on Indonesia brown rice market. The outbreak has led to a decrease in demand for the product due to economic uncertainties and decreased consumer spending. Furthermore, disruptions in transportation networks have posed challenges for farmers who rely on export markets, leading to decreases in production and prices of brown rice.
Challenges of the Market
One major challenge faced by the Indonesia brown rice market is the low domestic consumption of this commodity, which stands at only around 10% according to data from 2020. This has been attributed largely to high price levels relative to white rice as well as lack of awareness among consumers about the health benefits associated with brown rice consumption. Additionally, poor storage infrastructure and limited access to markets have impacted both farmers? ability to produce and distribute their products efficiently as well as consumers? access them at affordable prices.
Industry Key Players
Some key players in Indonesia brown rice market include PT Permata Hijau Group, PT Nusantara Sejahtera Abadi (NASA), PT Sumber Boga Raya (SBR), PT Prima Sentosa Agrijaya (PSA) and PT Cahaya Abadi Makmurindo (CAM). These companies are involved in everything from processing raw materials into finished products such as milled or parboiled varieties of brown rice; distributing these products through various retail outlets; providing contract farming services for smallholder farmers; offering value-added services such as grading/sorting/packing; conducting research & development activities related to increasing yields or developing new varieties of brownrice grain etc.
Key Highlights of the Report:
- Indonesia Brown Rice Market Outlook
- Market Size of Indonesia Brown Rice Market, 2023
- Forecast of Indonesia Brown Rice Market, 2030
- Historical Data and Forecast of Indonesia Brown Rice Revenues & Volume for the Period 2020-2030
- Indonesia Brown Rice Market Trend Evolution
- Indonesia Brown Rice Market Drivers and Challenges
- Indonesia Brown Rice Price Trends
- Indonesia Brown Rice Porter's Five Forces
- Indonesia Brown Rice Industry Life Cycle
- Historical Data and Forecast of Indonesia Brown Rice Market Revenues & Volume By Length for the Period 2020-2030
- Historical Data and Forecast of Indonesia Brown Rice Market Revenues & Volume By long for the Period 2020-2030
- Historical Data and Forecast of Indonesia Brown Rice Market Revenues & Volume By Medium for the Period 2020-2030
- Historical Data and Forecast of Indonesia Brown Rice Market Revenues & Volume By Short for the Period 2020-2030
- Historical Data and Forecast of Indonesia Brown Rice Market Revenues & Volume By Type for the Period 2020-2030
- Historical Data and Forecast of Indonesia Brown Rice Market Revenues & Volume By Sweet for the Period 2020-2030
- Historical Data and Forecast of Indonesia Brown Rice Market Revenues & Volume By Basmati for the Period 2020-2030
- Historical Data and Forecast of Indonesia Brown Rice Market Revenues & Volume By Distribution Channel for the Period 2020-2030
- Historical Data and Forecast of Indonesia Brown Rice Market Revenues & Volume By Supermarkets/Hypermarkets for the Period 2020-2030
- Historical Data and Forecast of Indonesia Brown Rice Market Revenues & Volume By Grocery Stores for the Period 2020-2030
- Historical Data and Forecast of Indonesia Brown Rice Market Revenues & Volume By Convenience Stores for the Period 2020-2030
- Historical Data and Forecast of Indonesia Brown Rice Market Revenues & Volume By Online Stores for the Period 2020-2030
- Historical Data and Forecast of Indonesia Brown Rice Market Revenues & Volume By Others for the Period 2020-2030
- Indonesia Brown Rice Import Export Trade Statistics
- Market Opportunity Assessment By Length
- Market Opportunity Assessment By Type
- Market Opportunity Assessment By Distribution Channel
- Indonesia Brown Rice Top Companies Market Share
- Indonesia Brown Rice Competitive Benchmarking By Technical and Operational Parameters
- Indonesia Brown Rice Company Profiles
- Indonesia Brown Rice Key Strategic Recommendations
