The demand for infant food in Indonesia has demonstrated uneven growth over the past decade. The value stood at 6.0 Thousand Metric Tons in 2023, maintaining the same level as the previous three years. Significant fluctuations are noticeable, such as the drop of 20% in 2016 and the subsequent 100% increase in 2017, followed by a 37.5% decrease in 2018. The five-year compound annual growth rate (CAGR) from 2023 is calculated at 3.71%, indicating moderate long-term growth.
Future trends to watch for include modest yearly increases in demand, driven by factors such as population growth and economic stability. Specifically, the forecasted CAGR from 2024 to 2028 is 0.72%, with an overall growth rate of 3.65%. Monitoring these variables along with socio-economic trends will be crucial for future market positioning.
