Indonesia Wafer Biscuit Market (2023-2029) | Size, Growth, Analysis, Trends, Industry, Segmentation, Share, Revenue, Outlook & COVID-19 IMPACT

Topics Covered in the Indonesia Wafer Biscuit Market

Indonesia Wafer Biscuit Market report thoroughly covers the market by form and by distribution channel. The Wafer Biscuit Market Outlook report provides an unbiased and detailed analysis of the ongoing Wafer Biscuit Market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Indonesia Wafer Biscuit Market Synopsis

Indonesia Wafer Biscuit Market is expected to witness steady growth over the forecast period on account of rising disposable incomes and changing consumer preferences towards better quality products. Wafer biscuits are popular in Indonesia as they are an affordable treat that can be enjoyed by all. Production of wafer biscuits has grown rapidly due to rising demand from both domestic and international markets. However, the Indonesia Wafer Biscuit Industry is restrained by competition from unorganized players and stringent regulations.

According to 6Wresearch, the Indonesia Wafer Biscuit Market size is anticipated to grow at an exponential rate during 2023-2029. Indonesia is a major market for wafer biscuits owing to its large population and rapidly growing economy.  Indonesia is a densely populated country which has resulted in a large domestic market for wafer biscuits. In addition, the young population is expected to further drive the Indonesia Wafer Biscuit Market Growth over the coming years. Moreover, economic growth is resulting in rising incomes, leading to increased spending on discretionary items. The shift towards healthier snacks is resulting in changing consumer preferences and wafer biscuits are generally perceived to be healthier as they contain less sugar. However, a decrease in demand for wafer biscuits due to economic slowdown and competition from other snacks is putting pressure on wafer biscuit manufacturers. Moreover, the cost of raw materials has been increasing owing to the rising global prices of commodities.

COVID-19 Impact on the Indonesia Wafer Biscuit Market

The COVID-19 pandemic had a crucial impact on the growth of the Indonesia Wafer Biscuit market. The pandemic has disrupted the supply chain of raw materials and packaging materials. The pandemic has led to changes in consumer behavior, including a shift toward online shopping. Consequently, the demand for wafer biscuits has been affected, with consumers reducing their expenses on non-essential items. The government has implemented strict measures to control the spread of COVID-19 which have affected the distribution channels for wafer biscuits.

Key Players in the Indonesia Wafer Biscuit Market

The market for Wafer biscuits in Indonesia is highly competitive, with several key players operating in the market. For example;

• PT Mayora Indah Tbk
• PT Tora Bika Eka Sakti
• PT Nissin Biscuit Indonesia
• PT Siantar Top Tbk
• PT Dua Kelinci
• PT Nestle Indonesia

Market Analysis by Form

Based on form, the cream-filled wafer biscuits segment is holding the dominant position in the market owing to the increasing popularity of innovative flavors and ingredients used in cream fillings.

Market Analysis by Distribution Channel

According to Shivanakr, Research Manager, 6Wresearch, the supermarkets/hypermarkets are the dominant sales channel for wafer biscuits in Indonesia, and are expected to dominate the Indonesia Wafer Biscuit Market share. However, the online retail segment is also growing rapidly due to the convenience of online shopping.

Key attractiveness of the report

• COVID-19 Impact on the Market.
• 10 Years Market Numbers.
• Historical Data Starting from 2019 to 2022.
• Base Year: 2022.
• Forecast Data until 2029.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• Indonesia Wafer Biscuit Market Outlook
• Market Size of Indonesia Wafer Biscuit Market, 2022
• Forecast of Indonesia Wafer Biscuit Market, 2029
• Historical Data and Forecast of Indonesia Wafer Biscuit Revenues & Volume for the Period 2019 - 2029
• Indonesia Wafer Biscuit Market Trend Evolution
• Indonesia Wafer Biscuit Market Drivers and Challenges
• Indonesia Wafer Biscuit Price Trends
• Indonesia Wafer Biscuit Porter's Five Forces
• Indonesia Wafer Biscuit Industry Life Cycle
• Historical Data and Forecast of Indonesia Wafer Biscuit Market Revenues & Volume By Form for the Period 2019 - 2029
• Historical Data and Forecast of Indonesia Wafer Biscuit Market Revenues & Volume By Cream Filled for the Period 2019 - 2029
• Historical Data and Forecast of Indonesia Wafer Biscuit Market Revenues & Volume By Coated for the Period 2019 - 2029
• Historical Data and Forecast of Indonesia Wafer Biscuit Market Revenues & Volume By Distribution Channel for the Period 2019 - 2029
• Historical Data and Forecast of Indonesia Wafer Biscuit Market Revenues & Volume By Super Markets/ Hyper Markets for the Period 2019 - 2029
• Historical Data and Forecast of Indonesia Wafer Biscuit Market Revenues & Volume By Convenience Stores for the Period 2019 - 2029
• Historical Data and Forecast of Indonesia Wafer Biscuit Market Revenues & Volume By Online Retailers for the Period 2019 - 2029
• Historical Data and Forecast of Indonesia Wafer Biscuit Market Revenues & Volume By Others for the Period 2019 - 2029
• Indonesia Wafer Biscuit Import Export Trade Statistics
• Market Opportunity Assessment By Form
• Market Opportunity Assessment By Distribution Channel
• Indonesia Wafer Biscuit Top Companies Market Share
• Indonesia Wafer Biscuit Competitive Benchmarking By Technical and Operational Parameters
• Indonesia Wafer Biscuit Company Profiles
• Indonesia Wafer Biscuit Key Strategic Recommendations

Market Covered

The report offers a comprehensive study of the subsequent market segments:

By Form

• Cream Filled
• Coated

By Distribution Channel

• Super Markets/ Hyper Markets
• Convenience Stores
• Online Retailers
• Others