Product Code: ETC092207 | Publication Date: Jul 2023 | Updated Date: Feb 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Indonesia is one of the leading producers and consumers of canned herring in Southeast Asia. The canned herring market in Indonesia has been experiencing steady growth over the past few years, driven by a number of factors such as increasing population, rising disposable incomes, and growing health consciousness among Indonesias. Demand for convenient and healthy food options like canned fish products have also been on the rise due to their availability across various retail outlets.
The demand for convenience foods in Indonesia has been driving the growth of the Indonesia canned herring market. Consumers are seeking out healthier alternatives that provide nutritional value without compromising taste or quality; therefore, manufacturers are focusing on creating more natural flavors that can appeal to consumers? needs. Furthermore, with an increase in online shopping platforms, consumer accessibility to these products has improved significantly thus fueling sales further.
A major driver for the Indonesia canned herring market is its expanding population base which continues to grow at an impressive rate every year due to high fertility rates combined with low mortality rates; this creates a larger consumer base who may seek out convenient food options such as canned fish products which contain essential nutrients that would otherwise be difficult or time-consuming to acquire from other sources. In addition, rising disposable income levels amongst Indonesias means they have greater purchasing power when it comes to buying higher-quality brands including those offering premium ingredients and flavors which continue to drive sales of these items up even further.
The impact of the COVID-19 pandemic on the Indonesia canned herring market has been severe. As Indonesia is a major producer and exporter of canned herring, the demand for this product has decreased significantly due to travel restrictions and lack of foreign buyers. This has resulted in an oversupply situation in some regions, leading to falling prices as well as considerable losses for producers.
One of the main challenges facing producers of canned herring in Indonesia is the low quality control standards present in many processing plants. These issues have led to a decrease in consumer confidence, resulting in lower sales and profits for companies operating within this sector. Additionally, there are also competition from cheaper products imported from other countries such as Thailand or China which poses further difficulties for local suppliers who must compete against these cheaper alternatives while ensuring their products meet necessary health requirements. Furthermore, high transportation costs associated with shipping large amounts of fish abroad can be expensive and difficult to manage effectively without proper planning ahead of time by manufacturers and exporters alike.
The key players involved within the Indonesia canned herring market include PT Unilever Food Solutions (UFSI), PT Indofishcanning Industries (IFI), PT Miracle Fishery International Inc., Gani Brothers Trading Company Limited (GBT) & FPI Group Exports Pte Ltd.. UFSI is one company that produces processed food items including vegetable oil spreadable margarine, mayonnaise sauces and packaged tuna along with its variety range called ?Kemasan Ikan? (fish pack). IFI specialises exclusively into producing canned mackerels, sardines & tuna which are sold under brand names like Yumi Snackfoods & Skipjack Oceanic Herrings amongst others produced by them.