The Indonesian cream market exhibited fluctuations between 2014 and 2023, with significant changes year-on-year. In 2023, the volume stood at 13 thousand metric tons, reflecting stability from 2022 with a 0% year-on-year variation. Historically, the market faced a major dip in 2020 by 17% but rebounded strongly in 2021 with a 20.48% increase. Between 2019 and 2023, the compound annual growth rate (CAGR) was approximately 1.61%, showcasing a moderate upward trend.
Future projections indicate a slight expansion in market size till 2028, with a forecasted volume reaching 13.27 thousand metric tons and an estimated 5-year CAGR of 0.3%. Long-term trends should be monitored, focusing on changes in consumer preferences, potential regulatory impacts on the dairy sector, and shifts caused by market innovations and economic factors.
