Indonesia's biscuit industry to continue growth trajectory

Jakarta (ANTARA) - The Indonesian biscuit industry is expected to grow every year amid growing global demand, Director-General of Agro-industry at the Ministry of Industry Putu Juli Ardika has said. "Along with the increasing consumption per capita of national biscuits and the growing trend of the world biscuit market, we believe that the Indonesian biscuit industry will continue to grow and develop in the future," he explained during a virtual press conference on Tuesday. According to data from Statistics Indonesia (BPS), domestic biscuit consumption reached 2.28 kg per capita per year in 2020. The figure showed a positive growth of 17 percent compared to 2016, when it was pegged at 1.94 kg per capita per year, he noted . Meanwhile, data from Agri Exchange showed that the global biscuit market grew 4.6 percent per year from 2017 to 2021, Ardika said. The value of the global biscuit market is predicted to reach US$135 billion by 2023, he added. Meanwhile, the ...