Marginally Slower Yet Robust Growth Continues for Health and Wellness Food Market...
Marginally Slower Yet Robust Growth Continues for Health and Wellness Food Market in Indonesia DUBLIN, Ireland--(Business Wire)--Research and Markets (http://www.researchandmarkets.com/reports/c77973) has announced the addition of Euromonitor International's new report: Health and Wellness - Packaged Food in Indonesia to their offering. Our Health and Wellness Packaged Food in Indonesia report tracks the developments of health-associated product types and the healthy-option positioning of competing brands across different food sectors. It provides the latest retail sales data (2002-2006), allowing you to compare health and wellness categories with each other or in the context of the total market for a sector . It identifies the leading companies, the leading brands and offers strategic analysis of key factors influencing the market- be they new product developments, legislative context or lifestyle influences. Forecasts to 2011 illustrate how the market is set to change. Health and wellness categories examined include: organic products, better-for-you products, naturally healthy products, functional/fortified products. Why buy this report? - Get a detailed picture of the health and wellness packaged food industry ; - Pinpoint growth sectors and identify factors driving change; - Understand the competitive environment, the market's major players and leading brands ; - Use five-year forecasts to assess how the market is predicted to develop With a network of over 600 analysts worldwide, we have the unique capability to develop reliable information resources to help drive informed strategic planning. EXECUTIVE SUMMARY Marginally Slower Yet Robust Growth Continues for Hw Food Health and wellness (HW) food maintained its robust current value growth in 2006, albeit slightly slower than in 2005. Most HW categories including organic, better for you (BFY), and naturally healthy in fact performed better in 2006 than in 2005. However, the fortified/functional category, which contributes the most to sales of HW food in current value terms, experienced slower growth in 2006, thus negatively affecting the overall performance of HW food. Fortified/functional the Most Popular, But Organic the Most Dynamic Hw Category Fortified/functional food appeals to consumers of HW packaged food, as many Indonesians appreciate food fortified with healthy ingredients and perceive it to be good value for money. Fortified/functional food therefore was the most popular category of HW food in Indonesia over the review period. Meanwhile, organic food experienced the strongest current value growth among HW food in 2006, which was largely due to its relatively small size when compared to other HW categories, so that an increase in value sales can translate to very good percentage growth. Consumers' rising health awareness along with continuing efforts by the government, manufacturers, as well as retailers boosted growth of fortified/functional and organic categories. Fortified/functional Food Competes With Naturally Healthy Category Fortified/functional food continues to directly compete with naturally healthy food as well as products without fortification that are positioned as providing health and wellness benefits. While fruit snacks are cited to be a good source of vitamin C as well as dietary fibre and nuts are claimed to be rich in omega-9 and protein, canned/preserved fish is positioned as containing healthy omega-3 fatty acids, EPA and DHA. The companies simply highlight the healthy aspect of their products, in which healthy elements are naturally found, in order to attract health-conscious consumers. These products therefore present a challenge to fortified/functional food. Domestic Players Have Strong Foothold in Hw Food The combined value sales of two domestic players, Indofood Sukses Makmur Tbk PT and Garudafood Group, accounted for just over half of HW food current value sales in 2005. Both companies have a strong foothold in HW food due to their long presence in the local market and the established reputation of their HW brands, namely Indomie and Garuda, respectively. In general, local companies have some advantages over multinationals, as they satisfy consumer demand for local flavour, offer products that are competitively priced, and are more widely available in traditional retail outlets. For more information visit http://www.researchandmarkets.com/reports/c77973 Research and Markets Laura Wood, Senior Manager Fax: +353 1 4100 980 press@researchandmarkets.com Copyright Business Wire 2007
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