The consumer goods industry is unique in just how vital it is. From toiletries to food items, the consumer goods industry, especially when it comes to food items, relies only on a few variables, with the population being the most important one. FMCGs (fast-moving consumer goods) is one of the largest industries in Indonesia.
With an overall growth of 8.8% in the third quarter of 2020 alone, a market share of 67% nationally, the Indonesian FMCG market is predicted to see steady growth over the next few years thanks to the national GDP growth which had been predicted to grow at around a 5% rate annually, making it one of the most lucrative industries in the country.