Market Insights Consumer Food Fish & Seafood

Processed Fish & Seafood - Indonesia

Indonesia

Revenue in the Processed Fish & Seafood market amounts to €7.43bn in 2024. The market is expected to grow annually by 6.98% (CAGR 2024-2029).
In global comparison, most revenue is generated in China (€30,060m in 2024).
In relation to total population figures, per person revenues of €26.56 are generated in 2024.
In the Processed Fish & Seafood market, volume is expected to amount to 1.02bn kg by 2029. The Processed Fish & Seafood market is expected to show a volume growth of 5.0% in 2025.
The average volume per person in the Processed Fish & Seafood market is expected to amount to 3.1kg in 2024.

Key regions: Japan, United States, Philippines, Russia, China

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Analyst Opinion

The Processed Fish & Seafood market in Indonesia is experiencing minimal growth, impacted by factors such as changing consumer preferences, increasing competition, and government regulations. Despite this, the convenience and health benefits of processed fish products are driving demand in the Canned, Dried & Smoked Fish and Fish Fingers & Portions sub-markets, contributing to the overall market's slow but steady growth.

Customer preferences: The growing popularity of plant-based diets in Indonesia has led to a rise in demand for processed fish and seafood alternatives, such as tofu, tempeh, and seaweed-based products. This trend is driven by the country's large population of vegetarians and vegans, as well as the increasing awareness of the environmental and health benefits of reducing meat consumption. Additionally, with the rise of conscious consumerism, there is a growing demand for sustainably sourced and ethically produced fish and seafood products.

Trends in the market: In Indonesia, the Processed Fish & Seafood Market of the Fish & Seafood Market within The Food market is experiencing a surge in demand for sustainable and environmentally friendly products. Consumers are increasingly conscious of the impact of their food choices on the environment and are seeking out products that are sustainably sourced and produced. This trend is expected to continue, as more consumers become aware of the importance of sustainable seafood and the potential negative consequences of overfishing. This shift in consumer behavior presents opportunities for industry stakeholders to differentiate themselves by promoting their commitment to sustainability. Additionally, this trend may also lead to the development of new and innovative processing methods that minimize waste and resource usage in the production of fish and seafood products.

Local special circumstances: In Indonesia, the Processed Fish & Seafood market is heavily influenced by the country's vast coastline and rich marine resources. The traditional fishing industry has been a major contributor to the market, but with the increasing demand for processed seafood, there has been a rise in modern processing facilities. The country's diverse cultural influences also play a role, with a strong preference for spicy and savory flavors in their seafood dishes. Additionally, the government's strict regulations on fishing practices and food safety standards have had a significant impact on market dynamics, ensuring the quality and sustainability of the products.

Underlying macroeconomic factors: The Processed Fish & Seafood Market within The Food market is heavily influenced by macroeconomic factors such as global economic trends, national economic health, and fiscal policies. The increasing demand for processed fish and seafood can be attributed to growing health consciousness and rising disposable incomes. Furthermore, favorable government initiatives and investments in aquaculture and seafood processing industries are driving market growth. On the other hand, economic downturns, trade tensions, and unstable exchange rates can negatively impact demand and supply dynamics in the market. Additionally, changing consumer preferences and regulatory changes regarding sustainability and food safety also play a significant role in shaping the market landscape.

Methodology

Data coverage:

The data encompasses B2C enterprises. Figures are based on the total consumer spending on food, which comprises all private household spending on food that is meant for at-home consumption (out-of-home consumption is not accounted for).

Modeling approach:

Market sizes are determined through a top-down approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use resources from the Statista platform as well as in-house market research, national statistical offices, international institutions, trade associations, companies, the trade press, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending, and consumer price index. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the exponential trend smoothing is well suited for forecasting the Food market with a projected steady growth. The main drivers are GDP per capita and consumer spending per capita.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year.