The beef meat market size volume per capita in Indonesia for 2023 stood at 2.93 kilograms. The forecasted data suggests a gradual increase from 2.95 kilograms per capita in 2024 to 3.02 kilograms per capita by 2028. This indicates a year-on-year growth of approximately 0.70% for 2024, 0.68% for 2025, 0.34% for 2026, 0.67% for 2027, and 0.67% for 2028. The compounded annual growth rate (CAGR) over the next five years is projected to be 0.59%.
The beef market in Indonesia is expected to experience steady growth driven by increasing consumer demand, rising income levels, and urbanization. Future trends to watch include changes in consumer preferences towards healthier and premium beef options, as well as potential impacts from sustainability practices and regulatory policies on beef production.
