Several players in Indonesia's food and beverage industry are optimistic that their business will do better in 2017 compared to the preceding year. Meanwhile, while the Industry Ministry of Indonesia set its target for growth of the national food and beverage industry in 2017 at the range of 7.5 - 7.8 percent year-on-year (y/y), an industry group is confident that the industry will expand up to 8.5 percent (y/y) this year, similar to last year's performance. Why should Indonesia's food and beverage industry expand stronger than the government's target in 2017?

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Indonesia is yet to achieve self-sufficiency in the milk industry. The Indonesian Agriculture Ministry said that the country is for 60 percent dependent on milk imports (particularly from Australia and New Zealand) to meet domestic demand. Currently, domestic milk demand in Indonesia stands at 3 million tons per year. However, only 1.2 million tons can be produced domestically. In the future the situation can worsen as domestic milk consumption grows 7 percent per year, whereas domestic milk production grows by 3.3 percent per year only.

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