Product Code: ETC382288 | Publication Date: Aug 2022 | Updated Date: Feb 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 | |
Indonesia Goat Meat market currently, in 2023, has witnessed an HHI of 10000, Which has decreased substantially as compared to the HHI of 10000 in 2017. The market is moving towards Highly concentrated. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
The Indonesia Goat Meat market is experiencing growth due to the country`s cultural and dietary preferences for goat meat. Goat meat is a significant part of Indonesia cuisine, and its consumption is deeply rooted in tradition. The market is driven by domestic demand, with opportunities for both small-scale and commercial goat farming operations. As urbanization continues, the market may see evolving consumer preferences and increased demand for processed goat meat products.
The Goat Meat market is on the rise due to cultural preferences for goat meat in Indonesia cuisine. Goat meat is considered a healthy and lean protein source. The market is further driven by the expansion of goat farming practices and efforts to improve the quality and quantity of goat meat production to meet consumer demand.
The indonesia goat meat market faces several challenges. First and foremost is the issue of supply and demand imbalance. While there is a steady demand for goat meat in Indonesia, the production is often insufficient to meet it. This results in higher prices, making goat meat less accessible to the average consumer. Additionally, the industry grapples with issues related to hygiene and meat quality standards. Ensuring consistent quality and safety standards across the supply chain remains a significant challenge. Lastly, competition from alternative meat sources, such as chicken and beef, presents a hurdle for goat meat to gain a larger market share.
The goat meat market in Indonesia encountered mixed impacts from COVID-19. On one hand, restrictions on gatherings and religious events temporarily reduced demand for goat meat during traditional celebrations. On the other hand, increased home cooking and the shift towards more affordable protein sources boosted demand for goat meat. This led to fluctuations in prices and supply chain challenges. As the pandemic subsides, the market is likely to stabilize, with opportunities for value-added products and online sales.
The Indonesian goat meat market features key players such as PT Sumber Unggas Indonesia, PT Great Giant Livestock, and Qurban Alkhairaat Foundation. These organizations are instrumental in ensuring a consistent supply of quality goat meat to meet the country`s dietary preferences and cultural traditions. As the demand for goat meat continues to rise, driven by religious practices and changing consumer tastes, these key players are poised to make significant contributions to the market`s expansion.