Indonesia's biscuit industry to continue growth trajectory

Published 2022년 2월 8일

Tridge summary

The Indonesian biscuit industry is expected to grow annually due to rising global demand and increasing domestic consumption, according to the Director-General of Agro-industry at the Ministry of Industry, Putu Juli Ardika. In 2020, domestic biscuit consumption grew by 17% to 2.28 kg per capita per year, and the global biscuit market grew by 4.6% per year from 2017 to 2021, reaching US$135 billion in 2023. Indonesia's biscuit exports also increased from US$562 million in 2017 to US$704 million in 2021. The food and beverage sub-sector, which includes the biscuit industry, grew by 2.54% in 2021, and the manufacturing industry was in an expansion mode in 2021, as indicated by a PMI report released by IHS Markit.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

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 ...

Source: Antaranews