| Product Code: ETC381088 | Publication Date: Aug 2022 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In the Indonesia condensed milk market, the import trend showed a decline from 2023 to 2024, with a growth rate of -8.43%. The compound annual growth rate (CAGR) for imports between 2020 and 2024 was -2.19%. This negative import momentum may be attributed to shifts in consumer preferences or changes in trade policies affecting the market stability.
Indonesia's Condensed Milk market is anticipated to experience a high growth rate of 12.78% by 2027, reflecting trends observed in the largest economy China, followed by India, Japan, Australia and South Korea.

Condensed milk is a staple ingredient in Indonesia cuisine, used in various traditional dishes and beverages. This market is relatively stable, with consistent demand. However, innovation in product packaging, marketing, and diversification of condensed milk-based products can further boost its growth.
The condensed milk market in Indonesia is likely to thrive due to the country`s growing population and urbanization. As more people move to urban areas and lead busier lives, the demand for convenient and long-lasting dairy products like condensed milk is expected to rise. Additionally, the versatility of condensed milk in both traditional Indonesia dishes and modern desserts ensures a steady demand in the culinary industry.
The Indonesia Condensed Milk Market faces challenges related to changing consumer preferences for healthier and dairy-free alternatives. With increasing health consciousness, many consumers are seeking reduced-sugar or lactose-free options, impacting traditional condensed milk sales. Pricing is another challenge, as maintaining affordability while adapting to changing ingredient costs can be tricky. Ensuring product consistency and quality across batches is essential but can be challenging in the condensed milk production process. Moreover, competition from international brands and the need to meet evolving food safety and labeling regulations add complexity to the market.
Condensed milk is a staple in Indonesian households, and the market has remained stable. During the pandemic, there was an increase in demand for dairy products, including condensed milk, as consumers spent more time at home and cooked meals. This led to a temporary boost in the market.
The Condensed Milk market in Indonesia remains popular due to its use in various sweet dishes and beverages. Key players in this market include PT. Nestle Indonesia, PT. Indofood CBP Sukses Makmur Tbk, and PT. Frisian Flag Indonesia.