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Retail Market in Indonesia to Grow by USD 49.9 Billion from 2025-2029, Driven by Expansion of Retail Landscape, Report on AI’s Role in Market Transformation – Technavio

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NEW YORK, Feb. 5, 2025 /PRNewswire/ — Report with the AI impact on market trends – The Retail market in indonesia size is estimated to grow by USD 49.9 billion from 2025-2029, according to Technavio. The market is estimated to grow at a CAGR of  4.7%  during the forecast period. Expansion of retail landscape is driving market growth, with a trend towards growing preference for local brands. However, underdeveloped infrastructure  poses a challenge. Key market players include Adidas AG, Apple Inc., Authentic Brands Group LLC, Decathlon SA, Inter IKEA Holding BV, Levi Strauss and Co., LG Corp., Marks and Spencer Group plc, Nike Inc., Panasonic Holdings Corp., PT Fujita Indonesia, PT Hino Motors Manufacturing Indonesia, PT Indomarco Prismatama, PT SGMW Motor Indonesia, PT Siantar Top Tbk, PT Sumber Alfaria Trijaya Tbk, Samsung Electronics Co. Ltd., and Sony Group Corp..

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Retail Market In Indonesia Scope

Report Coverage

Details

Base year

2024

Historic period

2019 – 2022

Forecast period

2025-2029

Growth momentum & CAGR

Accelerate at a CAGR of 4.7%

Market growth 2025-2029

USD 49.9 billion

Market structure

Fragmented

YoY growth 2022-2023 (%)

4.5

Regional analysis

Indonesia

Performing market contribution

APAC at 100%

Key countries

Indonesia

Key companies profiled

Adidas AG, Apple Inc., Authentic Brands Group LLC, Decathlon SA, Inter IKEA Holding BV, Levi Strauss and Co., LG Corp., Marks and Spencer Group plc, Nike Inc., Panasonic Holdings Corp., PT Fujita Indonesia, PT Hino Motors Manufacturing Indonesia, PT Indomarco Prismatama, PT SGMW Motor Indonesia, PT Siantar Top Tbk, PT Sumber Alfaria Trijaya Tbk, Samsung Electronics Co. Ltd., and Sony Group Corp.

Market Driver

The retail market in Indonesia is witnessing significant trends with the rise of modern spending habits. Physical distribution channels continue to dominate, but digital technology is transforming consumption patterns. Prices remain a key concern for consumers, with credit cost and employment affecting purchasing power. Social welfare and household consumption are driving economic growth. Modern retail formats like organized retail markets, retail chains, and e-commerce are gaining popularity. Goods and services, including palm oil, fish, cocoa, coffee, wheat, dairy, and processed food products, are in high demand. Digital technology, social media, and online commerce are disrupting traditional retail, with e-commerce brands using AI, visual merchandising, and inventory management to boost sales. Middle-class consumers seek product quality, accessibility, and brand loyalty. Small business owners and entrepreneurs are leveraging digital platforms for sales, while eco-friendly practices and sustainability efforts are gaining traction. Circular retail models, including resale, rental, refurbishment, 3D printing, and augmented reality, are emerging trends. Cashback, discounts, and special offers continue to influence customer sentiments. The government is investing in infrastructure to support retail growth, while exports and private consumption contribute to the economy. The Ramadan period sees increased spending on traditional goods and services. Overall, the retail market in Indonesia is dynamic and evolving, offering opportunities for businesses across various sectors. 

Indonesian consumers exhibit strong brand loyalty and a preference for local brands, with 75% of people deciding in advance about their product purchases. Over 65% of individuals frequently shop at the same store for food and beverages. PT Fujita Indonesia and PT Hino Motors Manufacturing Indonesia are popular local brands, while non-premium foreign brands also cater to consumers’ needs and offer better value. Foreign companies entering the market have adopted localization and acquisition strategies to succeed. 

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Market Challenges

The retail market in Indonesia faces several challenges in 2023. Modern spending habits shift towards digital technology and online commerce, impacting physical distribution channels. Consumption is influenced by prices, credit cost, employment, and social welfare. Economic growth, income, and product quality also play a role in private consumption. Modern retail includes organized retail markets, retail chains, e-commerce, and online retail. Goods and services are sold through websites, mobile apps, and online marketplaces. Retailers use visual merchandising techniques, inventory management, and economic growth to boost sales. Challenges include adapting to digital technology and social media, managing e-commerce brands, and implementing eco-friendly practices and sustainability efforts. Small business owners and entrepreneurs face competition from large retailers and e-commerce brands. Key sectors include palm oil, fish, cocoa, coffee, wheat, dairy, and processed food products. Ramadan period sees increased demand for these items. The government focuses on investment, exports, and employment. Customer sentiments, brand loyalty, and accessibility are crucial factors. E-commerce offers cashback, discounts, and special offers to attract customers. Ride sharing services, financial services, and media distribution are growing sectors. Artificial intelligence (AI), circular retail models, resale, rental, refurbishment, 3D printing, and augmented reality are emerging trends. Middle class consumers prioritize product quality and accessibility. Sustainability efforts and eco-friendly practices are important for brand loyalty.The retail market in Indonesia presents both opportunities and challenges for businesses. Traditional warungs and minimarts remain popular among consumers, requiring extensive distribution networks for companies to gain market traction. However, the lack of developed infrastructure and limited network services increases inefficiency and transaction costs. Moreover, the population’s dispersal across numerous islands and underdeveloped connectivity to proper roads restricts consumer access to various goods and services. Companies must focus on innovations, particularly in packaging, to secure shelf space in traditional retail outlets.

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Segment Overview 

This retail market in Indonesia report extensively covers market segmentation by  

Distribution ChannelOfflineOnlineProductFood And BeveragesElectrical And ElectronicsApparel And FootwearHome Improvement And Household ProductsOthersGeographyAPAC

1.1 Offline-  Convenience stores are small retail outlets providing everyday essentials such as groceries, confectioneries, soft drinks, snacks, personal care items, and toiletries. Some stores may sell alcohol with a license and are often situated near highways or busy roads in cities. Department stores offer a wide range of consumer goods including clothing, home appliances, toys, furniture, cosmetics, housewares, sports goods, jewelry, books, and electronics. Drug stores and pharmacies sell medicines and medical products like thermometers, ointments, health drinks, sanitary napkins, and diapers, typically staying open 24 hours. In July 2022, Jaminan Kesehatan Nasional (JKN) implementation and foreign investment in pharmacy retail sector are projected to boost drugstore and pharmacy sales in Indonesia. Supermarkets, larger self-service stores, offer a wide variety of household products, medicines, clothes, food, and seasonal items. Hypermarkets combine a supermarket and convenience store, providing a wide range of general merchandise and grocery items, focusing on high volume and low-margin sales. These factors are expected to fuel the growth of the offline retail market in Indonesia during the forecast period.

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Research Analysis

The retail market in Indonesia is experiencing significant growth driven by rising household purchasing power and modern spending habits. With an increasing middle class population, private consumption plays a crucial role in the economy, contributing to investment and exports. Prices remain a key consideration for consumers, with credit costs also influencing spending decisions. Employment and social welfare are also important factors, as is government spending. Digital technology and social media are transforming the retail landscape, with online commerce and media distribution gaining popularity. Ride sharing services and financial services are also on the rise. Consumption trends in Indonesia include a strong demand for staples such as palm oil, fish, cocoa, coffee, wheat, and dairy. Key sectors like retail companies continue to innovate and adapt to meet the evolving needs of consumers.

Market Research Overview

The retail market in Indonesia is witnessing a shift in modern spending habits, with consumers increasingly relying on physical distribution channels for their daily needs and wants. Household consumption is a significant driver of the economy, with private consumption contributing to over 50% of the country’s Gross Domestic Product (GDP). Prices, credit cost, employment, and social welfare are crucial factors influencing consumption patterns. Digital technology and social media are transforming the retail landscape, with online commerce, media distribution, ride-sharing services, and financial services gaining popularity. E-commerce retail and online marketplaces are becoming increasingly competitive, with visual merchandising techniques, inventory management, and economic growth playing essential roles. The organized retail market includes retail chains, department stores, boutiques, and e-commerce retailers, selling a wide range of goods and services, from palm oil, fish, cocoa, coffee, wheat, dairy, processed food products, to digital technology and eco-friendly practices. The Ramadan period is a significant time for retail sales, with consumers seeking brand loyalty and special offers. Small business owners and entrepreneurs are also thriving in the retail sector, leveraging digital platforms and eco-friendly practices to compete with larger players. The middle class is a key demographic, driving demand for product quality, accessibility, and customer sentiments. Artificial intelligence (AI), sustainability efforts, circular retail models, resale, rental, refurbishment, 3D printing, and augmented reality are emerging trends shaping the future of retail in Indonesia.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

Distribution ChannelOfflineOnlineProductFood And BeveragesElectrical And ElectronicsApparel And FootwearHome Improvement And Household ProductsOthersGeographyAPAC

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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Cultural Tourism Sees Strong Growth in China, with Social Media Trends Reflecting Global Interest

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SHANGHAI, March 14, 2025 /PRNewswire/ — China’s cultural tourism sector is gaining international attention as more travellers seek immersive, heritage-rich experiences. Social media trends and travel data highlight a surge in interest, particularly during the recent Chinese New Year period, reinforcing the country’s growing appeal as a cultural travel destination.

One initiative contributing to this trend was the Chinese New Year Tour Global KOL China Travel Campaign, launched in mid-January by Tripadvisor and Trip.com Group, a leading global travel service provider. The campaign engaged over 40 international travel influencers, who explored ten cities across four themed routes, including Zhangzhou and Fuzhou in Fujian province, Yancheng in Jiangsu, Changzhi and Yuncheng in Shanxi, Nanchang, Lushan, and Jingdezhen in Jiangxi, as well as Changsha and Zhangjiajie in Hunan. Their content—showcasing Chinese New Year festivities, local traditions, and breathtaking landscapes—has already garnered over 80 million online views and nearly one million engagements, reaching a worldwide audience.

This is amidst the backdrop of China’s expanding visa-free policies, facilitating smoother entry for international visitors. According to immigration authorities, over 64 million foreign visitors had travelled to China in 2024, with over 20 million taking advantage of visa-free entry. The recent inclusion of ASEAN tour groups in February this year for visa-free programs in destinations like Xishuangbanna in Yunnan Province is expected to drive further growth.

Online travel trends also reflect this rising interest. Trip.com Group data reports a 7.5-fold increase in searches for Chinese lanterns, temple fairs, and theatrical performances during the Chinese New Year period compared to the previous year.

This year’s Chinese New Year celebrations were particularly significant, being the first since the festival’s recognition on UNESCO’s Intangible Cultural Heritage list. As awareness of heritage preservation grows, efforts to highlight historic sites and traditional celebrations are expected to further engage travellers interested in cultural tourism.

Looking ahead, cultural events such as China Tourism Day on May 19 will continue to shine a spotlight on heritage destinations. “We are confident that such initiatives will inspire international tourists to explore cultural traditions and deepen their appreciation for global heritage,” says Benny Wang, Senior Vice President of Trip.com Group.

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/cultural-tourism-sees-strong-growth-in-china-with-social-media-trends-reflecting-global-interest-302401765.html

SOURCE Trip.com Group

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MEXC Lists AO (AO), Expanding Support for Decentralized Computing and AI Innovation with a 140,000 USDT Prize Pool

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VICTORIA, Seychelles, March 14, 2025 /PRNewswire/ — MEXC, a leading global cryptocurrency trading platform, announces the listing of AO (AO) on both spot and futures markets, scheduled for March 14, 2025, at 06:00 (UTC). To mark the occasion, MEXC is launching an Airdrop+ rewards event with a 140,000 USDT prize pool, providing users with multiple opportunities to engage with AO and explore its potential within the decentralized computing space.

Unleashing AO: MEXC Supports the Future of Decentralized Computing and AI Agents

AO is a decentralized ultra-parallel computing network that expands on-chain computation while ensuring all operations remain verifiable and permanently recorded. Built on Arweave’s permanent storage, AO features an actor-oriented architecture, where modular programs (actors) operate independently, select their own virtual machines (VMs), consensus mechanisms, and payment models, and communicate through a standardized messaging layer. With self-triggering execution and autonomous agent capabilities, AO enables efficient DeFi strategies, automated DEX trading, and AI-driven applications, unlocking a new era of decentralized computing.

By listing AO, MEXC reinforces its commitment to supporting cutting-edge innovations at the intersection of AI, blockchain infrastructure, and decentralized computing. As demand for on-chain processing and AI-powered applications grows, MEXC provides AO with critical market access, deep liquidity, and an engaged global user base to accelerate its adoption and utility. Beyond just a listing, MEXC plays a crucial role in fostering the adoption and development of innovative blockchain projects across AI and DePIN. With a strong trading community, strategic marketing initiatives, and a track record of launching high-potential assets, MEXC provides projects like AO with the tools to gain visibility and traction within the crypto ecosystem. Through this listing, MEXC continues to connect users with the latest blockchain advancements, ensuring accessibility to next-generation decentralized infrastructure.

Celebrate AO’s Listing with a 140,000 USDT Prize Pool

MEXC, known for quickly listing trending tokens, expands its offerings with AO (AO). The AO/USDT trading market officially launched in the Innovation Zone on March 14, 2025, at 06:00 (UTC), followed by the introduction of the AO USDT perpetual futures at 06:10 (UTC), offering adjustable leverage from 1x to 50x with both cross and isolated margin modes.

To celebrate the listing of AO (AO) on MEXC Spot and Futures, MEXC is launching a series of exclusive events from March 13, 2025, at 12:00 (UTC) – March 23, 2025, at 10:00 (UTC), giving both new and existing users the opportunity to earn USDT bonuses and other rewards while engaging with the AO ecosystem.

Event 1: Deposit to Share 72,000 USDT (New User Exclusive)

New users who trade AO spot (≥ $100) or futures (≥ $500) can earn a 30 USDT bonus, with a total of 72,000 USDT up for grabs.

Event 2: Futures Challenge — Trade to Share 50,000 USDT in Futures Bonuses (Open to All Users)

Each user can receive up to 5,000 USDT in Futures bonuses.

Event 3: Invite New Users & Share 18,000 USDT (Open to All Users)Event 4: Spread the Word and Win Rewards

Your Easiest Way to Trending Tokens

MEXC aims to become the go-to platform offering the widest range of valuable crypto assets. The platform has grown its user base to 34 million by offering a diverse selection of tokens, high-frequency airdrops, competitive fees, and comprehensive liquidity. In 2024, MEXC launched a total of 2,376 new tokens, including 1,716 initial listings and 605 memecoins, with total airdrop rewards exceeding $136 million.

About MEXC

Founded in 2018, MEXC is committed to being “Your Easiest Way to Crypto”. Serving over 34 million users across 170+ countries, MEXC is known for its broad selection of trending tokens, frequent airdrop opportunities, and low trading fees. Our user-friendly platform is designed to support both new traders and experienced investors, offering secure and efficient access to digital assets. MEXC prioritizes simplicity and innovation, making crypto trading more accessible and rewarding.

MEXC Official Website X TelegramHow to Sign Up on MEXC

Photo – https://mma.prnewswire.com/media/2641685/1920_1080_AO.jpg

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V CAPITAL CONSULTING GROUP GUIDES SAGTEC GLOBAL LIMITED TO NASDAQ IPO, ACHIEVING FIFTH SUCCESSFUL LISTING

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Consultancy Firm Secures Fifth Consecutive Success, Assisting Local Software Provider in Raising US$7 Million through Nasdaq IPO

KUALA LUMPUR, Malaysia, March 14, 2025 /PRNewswire/ — V Capital Consulting Group Limited (“VCCG”, or the “Company”) is pleased to announce the successful initial public offering (IPO) of its client, Sagtec Global Limited (“Sagtec”). The listing marks VCCG’s fifth overall success on Nasdaq and the third IPO within the past year, highlighting the Company’s expertise in guiding businesses to the global capital market. 

The corporate advisory firm, a subsidiary of VCI Global Limited (NASDAQ:VCIG),  provides turnkey solutions for companies seeking to list on Nasdaq. With Sagtec’s successful listing — the firm’s third Nasdaq IPO within a year — VCCG has further solidified its growing presence in the IPO advisory space. This achievement underscores the company’s commitment to guiding more Southeast Asian businesses to the global capital market.

As Sagtec’s IPO consultant, VCCG provided strategic guidance throughout the listing process, helping the software solutions provider raise US$7 million (approximately RM31 million) and achieve a post-listing valuation of over US$50 million (approximately RM221.4 million). Sagtec, which primarily serves the Food and Beverage (F&B) sector, saw its flagship product, Speed+, surpass 10,000 subscribers, reflecting 47% growth. In 2024, the company’s revenue reached approximately US$11.63 million (approximately RM51.38 million), marking an 82.29% increase from the previous year.

“This IPO is another step toward strengthening Malaysia’s presence on Nasdaq, and we are thrilled to have supported Sagtec in reaching this milestone. With an expanding track record of listings and a commitment to empowering Southeast Asian companies, VCCG continues to pave the way for regional businesses seeking global capital market success,” said Dato’ Victor Hoo, Group Executive Chairman and Chief Executive Officer of VCI Global.

“This achievement reflects our team’s dedication and the invaluable guidance of our advisors, whose expertise was essential in navigating the complexities of the listing process and positioning Sagtec for long-term success. With this Nasdaq listing, we’re not just expanding globally but also redefining what’s possible for Southeast Asia tech innovators – and this is just the beginning of an exciting new chapter for Sagtec,” said Kevin Ng, Executive Director and Chief Executive Officer of Sagtec.

About V Capital Consulting Group Limited

V Capital Consulting Group, a spin-off and subsidiary of VCI Global (NASDAQ:VCIG), is a consulting firm specializing in capital market advisory services across pre-IPO, IPO, and post-IPO phases, as well as merger and acquisition advisory. Our team of experienced consultants is recognized for their in-depth knowledge and proven track record of delivering impactful results.

With a core team of experts in corporate finance, capital markets, and legal advisory, we empower clients to navigate complex market landscapes, anticipate challenges, and seize business opportunities.

To date, VCCG has successfully assisted notable companies in securing Nasdaq listings, including Founder Group Limited, YY Group Holding Limited, and others.

About Sagtec Global Limited

Sagtec specializes in customizable software solutions for the Food & Beverage (F&B) sector, offering table ordering, QR ordering, and self-service kiosk applications to enhance operational efficiency. The company also provides software development, CRM, invoicing, data management, and social media management for various industries, including Key Opinion Leaders (KOLs). Through its majority-owned subsidiary, CL Technologies, Sagtec operates power-bank charging stations at 300 locations across Malaysia. Its flagship product, Speed+, a smart ordering system on leased POS machines, streamlines order management and surpassed 6,800 subscribers in 2024, reflecting its growing market adoption.

For more information, please visit https://www.sagtec-global.com/ . 

Cautionary Note Regarding Forward-Looking Statements

This press release contains forward-looking statements that are subject to various risks and uncertainties. Such statements include statements regarding the Company’s ability to grow its business and other statements that are not historical facts, including statements which may be accompanied by the words “intends,” “may,” “will,” “plans,” “expects,” “anticipates,” “projects,” “predicts,” “estimates,” “aims,” “believes,” “hopes,” “potential” or similar words. These forward-looking statements are based only on our current beliefs, expectations, and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks, and changes in circumstances that are difficult to predict and many of which are outside of our control. Therefore, you should not rely on any of these forward-looking statements. Actual results could differ materially from those described in these forward-looking statements due to certain factors, including without limitation, the Company’s ability to achieve profitable operations, customer acceptance of new products, the effects of the spread of coronavirus (COVID-19) and future measures taken by authorities in the countries wherein the Company has supply chain partners, the demand for the Company’s products and the Company’s customers’ economic condition, the impact of competitive products and pricing, successfully managing and, general economic conditions and other risk factors detailed in the Company’s filings with the United States Securities and Exchange Commission (“SEC”). The forward-looking statements contained in this press release are made as of the date of this press release, and the Company does not undertake any responsibility to update the forward-looking statements in this release, except in accordance with applicable law.

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SOURCE V Capital Consulting Group

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