Indonesia’s Genetically Modified Food Market and its Growth, Trends, Progress, Challenges, Opportunity and Upcoming Projects
Market Entry - Genetically Modified Food Market in Indonesia: Analysis of Growth, Trends and Progress (2015-2020)

PUBLISHED

DEC 2017

Market Entry - Genetically Modified Food Market in Indonesia: Analysis of Growth, Trends and Progress (2015-2020)

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About the Market

High nutritional content in food, greater production quantity and low requirement of pesticides drive the genetically modified food market. However, damage to beneficial insects, soil fertility coupled with genetic pollution, the absence of any centralized government regulation and lack of awareness about the benefits of GMO are restraining market growth. Rising demand for healthy food products, year round and easy availability of genetically modified food are the main trends in the global market. In 2014, the first world countries were the largest market for genetically modified food and are likely to remain so in terms of revenue, over the forecast period. China and India are expected to emerge as major markets for genetically modified food. Major players operating in this category are Monsanto US, DuPont US, Syngenta Switzerland, Bayer Crop Science Germany, Sakata Japan, BASF GmBH, and Group Limagrain France. These global giants are actively involved in collaboration with the Advanced Research Institutes (ARIs) in industrial countries such as Brazil, Argentina, China, India, Malaysia and the Philippines for significant R&D program in biotechnology and transgenic crops. Companies are also increasing their R&D in some of the African countries such as South Africa, Kenya, Zimbabwe, Mali, Nigeria, Egypt, and Uganda in order to cater to the growing demand for genetically modified food in Africa. The developers of the genetically modified food products are intensely involved in certifying their safety. For instance, FDA depends on consultative processes with developers, who voluntarily present their plans to the agency before marketing their products.

About the Geography

Indonesia, with 252 million inhabitants, is the world’s fourth most populous country with a large middle-class population. It is the 16th largest economy in the world and is projected to be the seventh largest by 2030.

Incentives to investment are accessible to all investors, whether national or foreign. In 2006, the government improved the investment climate by a reduction in time required for the creation of a company, rationalization, and improvement of customs procedures and regulations. Privatization program affecting sectors like transport and finance is regularly updated. The country allows majority holding interest in the capital of Indonesian companies, except in certain sensitive sectors. The state also provides incentives to companies, which choose to set up in one of the seven customs areas. 

The constraints to starting a business in Indonesia include the formalities to be carried out and the inefficiency of the local authorities. The authorities here are still viewed as being generally corrupted as compared to other Southeast Asian nations. However, Indonesia still comprises of almost 50% of the GDP of ASEAN countries and with its growing middle class, huge consumer base and abundance of natural resources, it has become an attractive destination for investors.

 

Component Name

Unit

From Site

GDP

USD billion

862

GDP Annual Growth Rate

%

5.18

GDP Per Capita

USD

3834

Unemployment Rate

%

5.5

Inflation Rate

%

3.07

Consumer Price Index (CPI)

Index Points

125

Interest Rate

%

5

Loans to Private Sector

USD million/billion

286.2480 billion

Balance of Trade

USD million/billion

1217 million

Business Confidence

(No Units)

110

Manufacturing PMI

Index Points

50.9

Ease of Doing Business

(No Units)

109

Competitiveness Rank

(No Units)

41

Corruption Rank

(No Units)

88

Consumer Confidence

(No Units)

110

Consumer Spending

USD million/billion

96.59851 billion

Corporate Tax Rate

%

25

Sales Tax Rate

%

10

 

The Market Entry Series

Exploring global markets is now recognized as the shortest way to ensure high time to efficiency conversion, when trying to expand revenues past domestic markets, for firms both large and small. Our market entry series, priced suitably low contains the essentials of all the parameters (Refer: Table of Contents) you must be apprised of before you can have a well informed contemplation of a business opportunity in your choice of industry, in your choice of geography.

 

 

 

1. Introduction

                1.1 Scope of the Report

                1.2 Regional Analysis

                                1.2.1 PESTLE Analysis

                                1.2.2 Analysis of Ease of Doing Business

2. Market Dynamics

                2.1 Drivers

                2.2 Restraints

                2.3 Opportunities

3. Market Demand Analysis

                3.1 Socio-Economic Segmentation

                3.2 Demographic Strengths & Weaknesses

                3.3 Spending Patterns

                3.4 Target Market Identification

4. Market Size of Genetically Modified Food Market by Type (USD millions)

                4.1 Crops

                4.2 Fruits & Vegetables

                4.3 Animal prdoucts

5. Market Entry

                5.1 Market Entry: The Strategy

                                5.1.1 Types of Entry Modes, by Market Entry Objectives

                                5.1.2 Competition Analysis

                                                5.1.2.1 Market Share

                                                5.1.2.2 Strategies Adopted, Recent Events 

                                5.1.3 Pricing Strategy

                                5.1.4 Supply Chain Analysis

                                                5.1.4.1 Trade (Import-Export Analysis)

                                                5.1.4.2 Distribution Network & Retail Analysis

                5.2 Market Entry: The Administration

                                5.2.1 How to Register a Company (Flowchart)

                                5.2.2 Registration Processes 

                                                5.2.2.1 Ministries Involved

                                                5.2.2.2 Criteria and Conditions

                                5.2.3 List of Forms & Documents

                                5.2.4 Product Control Guidelines specified by the Government

6. Sources

7. Disclaimer

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