© 2019 Mintel Group Ltd. All rights reserved. Confidential to Mintel.

2016
Generated by Mintel Market Sizes
Prepared Soup – Indonesia

© 2019 Mintel Group Ltd. All rights reserved. Confidential to Mintel.
PUBLISHED BY:
Mintel Group Ltd
To learn more about Mintel visit mintel.com
Help desk
UK: +44 (0)20 7778 7155
US: +1 (312) 932 0600
Australia: +61 (0)2 8284 8100
Japan: +81 (3) 5456 5605
China: +86 (21) 63866609
Email: info@mintel.com
Note: This report has been generated by Mintel Market Sizes
About Mintel Market Sizes
Mintel Market Sizes is a trusted database containing market size, market share and
forecast data for thousands of consumer goods categories worldwide.
Mintel understands the importance of market size data within your organisation.
Whether you.re seeking expansion opportunities, diversifying to new markets or
capturing new clients, understanding the characteristics of a market is critical to
your decision making process.
Mintel Market Sizes provides fast, easy to compare, extractable market data. Using a
blend of primary and secondary research, enhanced by exclusive insights from
Mintel, users of Mintel Market Sizes will be assured they are using the best-in-class
transparent research data.
For more information visit marketsizes.mintel.com or contact your account manager
or call your local helpdesk on one of the numbers above.
© Mintel Group Limited. All Rights Reserved.
Statistics in this report are the latest available at the time of research
Prepared Soup – Indonesia 2016
Mintel Market Sizes
IMPORTANT WARNING
1. Mintel Group Limited ("Mintel") is the legal owner of the copyright subsisting in
this report. Any use and/or copying of such documents and materials which is not in
accordance with Mintel's standard Terms and Conditions (available on
www.mintel.com) or these Conditions of Use is unauthorised. Any unauthorised use
ma y give rise to Mintel bringing proceedings for copyright infringement against you
claiming an injunction, damages and costs.
2. The purchase, use or reading of any Mintel report that contains SymphonyIRI
Group (IRI) InfoScan data by (or disclosure to) a Non-Participating Retailer or its
employees (or agents/professional advisors working on its account) is prohibited. A
Non-Participating Retailer is a retailer and its subsidiaries each as defined by IRI,
where it, or one of its associated companies, has declined to participate in IRI.s
InfoScan information service by not providing its data to IRI. A current written list of
Non-Participating Retailers and subsidiaries (as notified to Mintel by IRI) is available
from Mintel at any time, or as linked through the latest set of terms and conditions
as displayed continuously on Mintel.s website at http://www.mintel.com. The Non-
Participating Retailers as at May 24, 2010 are Walmart, Sam.s Club, Costco, Lidl,
and Aldi.
3. Unless otherwise agreed in writing in advance by Mintel, this document may not
be sold, passed on, communicated or disseminated in any form (including within its
original covers), nor access granted, to any third party or to any subsidiary,
associated or holding company (whether direct or indirect) of the original subscriber/
licensee/purchaser and its user(s) (together, the "Licensee").
4. The Licensee acknowledges that all information and materials contained in this
report are the copyright property and confidential information of Mintel, and are
protected, inter alia, by the Copyright, Designs and Patents Act 1988 and other
intellectual property rights and by these Terms and Conditions, and that no rights in
any of the materials are transferred to the Licensee. The Licensee undertakes that it
will not copy, reproduce, print or store in any manner (electronic or otherwise),
extract or transmit in any form or otherwise deal with in any way the whole or part
of the data, materials or information contained in this report.
5. The Licensee (or any subsequent user, whether licensed or unlicensed who reads
this report) agrees it will not place financial reliance upon any figure, statement or
inference contained within this or any other Mintel report, or invite investment from
others, without first obtaining the written consent of Mintel's Company Secretary so
to do. In the event that the Licensee (or any subsequent user, whether licensed or
unlicensed) does not follow this procedure, it (or any subsequent user) agrees fully
and effectually to indemnify Mintel against any claims, howsoever arising, and to
draw specific attention to the fact that this consent has not been obtained.
 Prepared Soup – Indonesia 2016
Mintel Market Sizes

Contents
© 2019 Mintel Group Ltd. All rights reserved. Confidential to Mintel.

Definitions 1

Retail market volume 2

Highlights ...................................................................................................................................... 2
Figure 1: Volume - Absolute size (2007 - 2020) .............................................................................. 2
Figure 2: Volume - Volume Consumption per capita (population) (2007 - 2020) .................................. 2
Figure 3: Volume - Growth (2007 - 2020) ....................................................................................... 3
Table 1: Volume (2007 - 2020) ..................................................................................................... 3

Retail market value in local currency 4

Highlights ...................................................................................................................................... 4
Figure 4: Value in Local Currency - Value (2007 - 2020) ................................................................... 4
Figure 5: Value in Local Currency - Unit prices (2007 - 2020) ............................................................ 4
Figure 6: Value in Local Currency - Value growth (2007 - 2020) ........................................................ 5
Table 2: Value in Local Currency (2007 - 2020) ............................................................................... 5

Retail market value in USD 6

Figure 7: Value in USD - Value (2007 - 2020) ................................................................................. 6
Figure 8: Value in USD - Spend per capita (population) (2007 - 2020) ............................................... 6
Figure 9: Value in USD - Spend as a proportion of GDP (2007 - 2020) ................................................ 7
Figure 10: Value in USD - Unit prices (2007 - 2020) ........................................................................ 7
Figure 11: Value in USD - Value growth (2007 - 2020) ..................................................................... 7
Table 3: Value in USD (2007 - 2020) ............................................................................................. 8

Market Segmentations 9
Figure 12: Indonesia - Prepared Soup: Retail market segmentation by volume ((000) tonnes) (2009 -
2015) ........................................................................................................................................... 9
Table 4: Indonesia - Prepared Soup: Retail market segmentation by volume ((000) tonnes) (2009 - 2015)
..................................................................................................................................................... 9
Figure 13: Indonesia - Prepared Soup: Retail market segmentation by value (bn IDR) (2009 - 2015) ... 10
Table 5: Indonesia - Prepared Soup: Retail market segmentation by value (bn IDR) (2009 - 2015) ...... 10
Figure 14: Indonesia - Wet: Retail market segmentation by volume (tonnes) (2009 - 2015) ............... 11
Table 6: Indonesia - Wet: Retail market segmentation by volume (tonnes) (2009 - 2015) .................. 11
Figure 15: Indonesia - Wet: Retail market segmentation by value (bn IDR) (2009 - 2015) .................. 12
Table 7: Indonesia - Wet: Retail market segmentation by value (bn IDR) (2009 - 2015) ..................... 12

Market Shares 13
Figure 16: Indonesia - Prepared Soup: Company retail market share by volume (%) (2011 - 2015) ..... 13
Table 8: Indonesia - Prepared Soup: Company retail market share by volume (%) (2011 - 2015) ........ 14
Figure 17: Indonesia - Prepared Soup: Company retail market share by value (%) (2011 - 2015) ........ 15
Table 9: Indonesia - Prepared Soup: Company retail market share by value (%) (2011 - 2015) .......... 16

Company & Brand details 17

Table 10: Indonesia - Prepared Soup: Company Website Links ........................................................ 17

Compound annual growth rates 18

Table 11: Retail market compound annual growth rates (2011 - 2020) ............................................. 18

Socio-economic data 19
Figure 18: Population (millions) (2003 - 2023) .............................................................................. 19
Table 12: Population (millions) (2003 - 2023) ............................................................................... 19
 Prepared Soup – Indonesia 2016
Mintel Market Sizes

Figure 19: Consumer price index (CPI) (2002 - 2023) .................................................................... 20

Table 13: Consumer price index (CPI) (2002 - 2023) ..................................................................... 20
Figure 20: Gross domestic product (bn USD) (2003 - 2023) ............................................................ 21
Table 14: Gross domestic product (bn USD) (2003 - 2023) ............................................................. 21
Figure 21: Exchange rates (2003 - 2023) ..................................................................................... 22
© 2019 Mintel Group Ltd. All rights reserved. Confidential to Mintel.

Table 15: Exchange rates (2003 - 2023) ...................................................................................... 22

Sources of Data 23

Related Research 24

About Our Process 25

How We Use Our Sources 28

About Mintel 31
© 2019 Mintel Group Ltd. All rights reserved.
Prepared Soup – Indonesia 2016
Mintel Market Sizes

Definitions

Prepared Soup
This comprises packaged dry and wet prepared soups which need no added ingredients other than water. It includes instant
Market definitions Retail soups and soup mixes but excludes noodles soups, stocks and gravies. Market size comprises sales through all retail channels
including direct to consumer. Volume and value sales are based on wet soup equivalents.

Segment definitions Retail Dry This includes instant soup and soup mixes.

Shelf stable This includes canned soup.

Inclusions Soup and soup mixes with noodles, broth, creamed soup, gazpacho, consommé, bouillons

Exclusions Stock, soup enhancers, creamers or thickeners, gravy and seasoning, noodle soups.

Units
IDR: Indonesian rupiah
USD: US dollar
Note: one billion is a thousand million, one trillion is a thousand billion.

1
© 2019 Mintel Group Ltd. All rights reserved.
Prepared Soup – Indonesia 2016
Mintel Market Sizes

Retail market volume

Highlights
The Prepared Soup Retail (Indonesia) market increased in volume by 0.8% in 2015. Compound annual growth in Prepared Soup Retail (Indonesia) for the period
Market volume in 2015 was 27,310.5 tonnes. 2011-2015 was 1.8%.
The strongest growth in recent years for Prepared Soup Retail (Indonesia) was in In 2020 Prepared Soup Retail (Indonesia) is forecast to reach 33,110.8 tonnes
2010, with a rate of 5.8%. representing a volume CAGR of 4.1% since 2016.

Figure 1: Volume - Absolute size Figure 2: Volume - Volume Consumption per capita (population)

2
© 2019 Mintel Group Ltd. All rights reserved.
Prepared Soup – Indonesia 2016
Mintel Market Sizes

Figure 3: Volume - Growth

Table 1: Volume

Units 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
(000)
Absolute size 23.5900 24.1950 25.2844 26.7617 25.3970 25.9778 26.4836 27.1034 27.3105 28.2407 29.3302 30.5904 31.8101 33.1108
tonnes
Volume Consumption per capita
kg 0.10052 0.10187 0.10523 0.11014 0.10340 0.10466 0.10560 0.10701 0.10678 0.10938 0.11256 0.11634 0.11990 0.12378
(population)
Growth % 2.6 4.5 5.8 -5.1 2.3 1.9 2.3 0.8 3.4 3.9 4.3 4.0 4.1

Sources: Economist Intelligence Unit, Company Information, Trade Interviews, Mintel

3
© 2019 Mintel Group Ltd. All rights reserved.
Prepared Soup – Indonesia 2016
Mintel Market Sizes

Retail market value in local currency

Highlights
The Prepared Soup Retail (Indonesia) market increased in value by 6% in 2015. Compound annual growth in Prepared Soup Retail (Indonesia) for the period
Market value in 2015 was 818.1 bn IDR. 2011-2015 was 10.6%.
The strongest growth in recent years for Prepared Soup Retail (Indonesia) was in In 2020 Prepared Soup Retail (Indonesia) is forecast to reach 1,349.1 bn IDR
2009, with a rate of 20.5%. representing a value CAGR of 10.6% since 2016.

Figure 4: Value in Local Currency - Value Figure 5: Value in Local Currency - Unit prices

4
© 2019 Mintel Group Ltd. All rights reserved.
Prepared Soup – Indonesia 2016
Mintel Market Sizes

Figure 6: Value in Local Currency - Value growth

Table 2: Value in Local Currency

Units 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
Value bn IDR 325.5 373.1 449.7 497.3 547.6 609.2 690.4 771.6 818.1 901.7 995.3 1,105.1 1,218.6 1,349.1
Unit prices (000) IDR per kg 13.80 15.42 17.79 18.58 21.56 23.45 26.07 28.47 29.96 31.93 33.93 36.126 38.309 40.745
Value growth % 14.6 20.5 10.6 10.1 11.2 13.3 11.8 6.0 10.2 10.4 11.0 10.3 10.7

Notes: The growth in size in 2009 was largely due to increased production costs being reflected in retail prices. In year 2012, the increase in value was quite high but volume rose slightly,
due to rising prices. In 2013 and 2014, this market experienced stagflation due to less demand for prepared soup, which is mainly consumed by middle to upper class consumers. The
prepared soup market is relatively small in Indonesia. As a result, information about the market is limited. Prepared soup is not popular with Indonesian people, mainly because of different
dietary habit and high price.

Sources: Company Information, Trade Interviews, Mintel

5
© 2019 Mintel Group Ltd. All rights reserved.
Prepared Soup – Indonesia 2016
Mintel Market Sizes

Retail market value in USD

Figure 7: Value in USD - Value Figure 8: Value in USD - Spend per capita (population)

6
© 2019 Mintel Group Ltd. All rights reserved.
Prepared Soup – Indonesia 2016
Mintel Market Sizes

Figure 9: Value in USD - Spend as a proportion of GDP Figure 10: Value in USD - Unit prices

Figure 11: Value in USD - Value growth

7
© 2019 Mintel Group Ltd. All rights reserved.
Prepared Soup – Indonesia 2016
Mintel Market Sizes

Table 3: Value in USD

Units 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
m
Value 35.61 38.47 43.28 54.71 62.44 64.90 66.00 65.03 61.10 67.75 74.38 77.622 86.254 93.614
USD
Spend per
capita USD 0.1517 0.1620 0.1801 0.2252 0.2542 0.2615 0.2632 0.2567 0.2389 0.2624 0.2854 0.29521 0.32512 0.34996
(population)
Spend as a
proportion of % 0.007579 0.006896 0.007482 0.007247 0.006994 0.007072 0.007235 0.007303 0.007100 0.007272 0.007325 0.0074486 0.0074229 0.0074772
GDP
USD
Unit prices per 1.510 1.590 1.712 2.044 2.459 2.498 2.492 2.399 2.237 2.399 2.536 2.5375 2.7115 2.8273
kg
Value growth % 8.0 12.5 26.4 14.1 3.9 1.7 -1.5 -6.0 10.9 9.8 4.4 11.1 8.5

Sources: Economist Intelligence Unit, Company Information, Trade Interviews, Mintel

8
© 2019 Mintel Group Ltd. All rights reserved.
Prepared Soup – Indonesia 2016
Mintel Market Sizes

Market Segmentations

Figure 12: Indonesia - Prepared Soup: Retail market segmentation by volume ((000) tonnes)

Table 4: Indonesia - Prepared Soup: Retail market segmentation by volume ((000) tonnes)

Segment 2009 2010 2011 2012 2013 2014 2015

Total 25.2844 26.7617 25.3970 25.9778 26.4836 27.1034 27.3105
Dry 22.4285 23.8324 22.0828 22.4186 22.6534 22.9026 23.2275
Wet 2.8559 2.9293 3.3142 3.5592 3.8302 4.2008 4.0830

Sources: Company Information, Trade Interviews, Mintel

9
© 2019 Mintel Group Ltd. All rights reserved.
Prepared Soup – Indonesia 2016
Mintel Market Sizes

Figure 13: Indonesia - Prepared Soup: Retail market segmentation by value (bn IDR)

Table 5: Indonesia - Prepared Soup: Retail market segmentation by value (bn IDR)

Segment 2009 2010 2011 2012 2013 2014 2015

Total 449.7 497.3 547.6 609.2 690.4 771.6 818.1
Dry 292.3 333.2 350.5 380.7 431.8 481.5 516.4
Wet 157.4 164.1 197.1 228.5 258.6 290.1 301.7

Notes: Retail price per unit of Dry segment is very cheap because of the conversion into wet. Wet segment in 2015 decreased notably in shelf stable as the price is quite expensive especially
during weak economic growth.

Sources: Company Information, Trade Interviews, Mintel

10
© 2019 Mintel Group Ltd. All rights reserved.
Prepared Soup – Indonesia 2016
Mintel Market Sizes

Figure 14: Indonesia - Wet: Retail market segmentation by volume (tonnes)

Table 6: Indonesia - Wet: Retail market segmentation by volume (tonnes)

Segment 2009 2010 2011 2012 2013 2014 2015

Wet 2,855.9 2,929.3 3,314.2 3,559.2 3,830.2 4,200.8 4,083.0
Shelf stable 2,778.1 2,806.9 3,202.0 3,457.3 3,718.7 4,076.2 3,950.3
Frozen 77.8 122.4 112.2 101.9 111.5 124.6 132.7
Chilled i i i i i i i

Key: i - Insignificant

Sources: Company Information, Trade Interviews, Mintel

11
© 2019 Mintel Group Ltd. All rights reserved.
Prepared Soup – Indonesia 2016
Mintel Market Sizes

Figure 15: Indonesia - Wet: Retail market segmentation by value (bn IDR)

Table 7: Indonesia - Wet: Retail market segmentation by value (bn IDR)

Segment 2009 2010 2011 2012 2013 2014 2015

Wet 157.4 164.1 197.1 228.5 258.6 290.1 301.7
Shelf stable 155.1 160.1 193.3 224.8 254.3 285.2 296.0
Frozen 2.3 4.0 3.8 3.7 4.3 4.9 5.7
Chilled i i i i i i

Key: i - Insignificant

Sources: Company Information, Trade Interviews, Mintel

12
© 2019 Mintel Group Ltd. All rights reserved.
Prepared Soup – Indonesia 2016
Mintel Market Sizes

Market Shares

Figure 16: Indonesia - Prepared Soup: Company retail market share by volume (%)

13
© 2019 Mintel Group Ltd. All rights reserved.
Prepared Soup – Indonesia 2016
Mintel Market Sizes

Table 8: Indonesia - Prepared Soup: Company retail market share by volume (%)

Market Player 2011 2012 2013 2014 2015

Unilever PLC 26.7 25.6 26.3 27.5 29.2
PT Sekar Laut TBK 9.9 12.7 14.5 14.8 15.4
Miwon Group Indonesia 12.7 12.1 11.4 10.5 10.3
PT Japfa Comfeed Indonesia 11.6 11.2 10.8 10.6 9.2
Nestle S.A. 10.0 9.8 9.5 8.9 8.2
Dancing Chef 3.4 3.5 3.6 3.7 4.0
PT Prambanan Kencana 3.6 3.6 3.5 3.5 3.7
Campbell Soup Company 2.0 2.1 2.2 2.2 1.8
LINACO Group 1.4 1.4 1.4 1.5 1.4
The H. J. Heinz Company 1.2 1.2 1.2 1.2 1.0
Others 17.5 16.8 15.6 15.6 15.8

Notes: Products of Dancing Chef and Linaco are more expensive because they are imported. Unilever's prepared soup Knorr is imported from Malaysia.

Sources: Company Information, Trade Interviews, Mintel

14
© 2019 Mintel Group Ltd. All rights reserved.
Prepared Soup – Indonesia 2016
Mintel Market Sizes

Figure 17: Indonesia - Prepared Soup: Company retail market share by value (%)

15
© 2019 Mintel Group Ltd. All rights reserved.
Prepared Soup – Indonesia 2016
Mintel Market Sizes

Table 9: Indonesia - Prepared Soup: Company retail market share by value (%)

Market Player 2011 2012 2013 2014 2015

Unilever PLC 17.5 16.7 16.6 17.0 18.4
Dancing Chef 11.1 12.0 13.1 13.0 14.3
Campbell Soup Company 9.0 9.5 9.6 9.8 8.2
PT Sekar Laut TBK 4.5 5.6 6.6 6.9 7.3
Nestle S.A. 7.2 7.0 6.6 6.4 5.9
PT Prambanan Kencana 6.4 6.2 5.9 5.7 5.7
The H. J. Heinz Company 7.0 6.8 6.6 6.5 5.5
Miwon Group Indonesia 6.6 6.0 5.4 4.9 4.9
PT Japfa Comfeed Indonesia 6.1 5.8 5.6 5.5 4.8
LINACO Group 5.0 5.1 5.1 5.1 4.6
Others 19.6 19.3 18.9 19.3 20.4

Notes: Retail price per unit of for products under Campbell Soup Company The H. J. Heinz Company are very expensive due to mainly the products are imported and sell only wet product,
hence, the price is high.

Sources: Company Information, Trade Interviews, Mintel

16
© 2019 Mintel Group Ltd. All rights reserved.
Prepared Soup – Indonesia 2016
Mintel Market Sizes

Company & Brand details

Table 10: Indonesia - Prepared Soup: Company Website Links

Company Company Website

Campbell Soup Company http://www.campbellsoupcompany.com
Dancing Chef http://www.dancingchefonline.com
LINACO Group http://www.linaco.com.my
Miwon Group Indonesia http://www.miwon.co.id
Nestle S.A. http://www.nestle.com
PT Japfa Comfeed Indonesia http://www.japfacomfeed.co.id
PT Prambanan Kencana http://www.prambanan-kencana.co.id
PT Sekar Laut TBK http://www.sekarlaut.com
The H. J. Heinz Company http://www.heinz.com
Unilever PLC http://www.unilever.com

17
© 2019 Mintel Group Ltd. All rights reserved.
Prepared Soup – Indonesia 2016
Mintel Market Sizes

Compound annual growth rates

Table 11: Retail market compound annual growth rates

Units 2011-2015 2016-2020

Value % 10.6 10.6
Volume % 1.8 4.1

Note: Value figures are based on the market sizes in the local currency.

18
© 2019 Mintel Group Ltd. All rights reserved.
Prepared Soup – Indonesia 2016
Mintel Market Sizes

Socio-economic data

Figure 18: Population (millions)

Table 12: Population (millions)

Country 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Indonesia 223.07 226.00 228.90 231.82 234.69 237.51 240.27 242.97 245.61 248.22 250.78 253.29 255.76 258.19 260.58 262.94 265.30 267.50 269.80 272.00 274.20

Sources: Economist Intelligence Unit

19
© 2019 Mintel Group Ltd. All rights reserved.
Prepared Soup – Indonesia 2016
Mintel Market Sizes

Figure 19: Consumer price index (CPI)

Table 13: Consumer price index (CPI)

Country 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Indonesia 100.0 106.8 113.3 125.1 141.5 150.4 165.3 173.3 182.2 191.9 199.6 212.4 225.9 240.3 248.8 258.3 266.6 274.8 282.8 292.7 303.8 315.1

Sources: Economist Intelligence Unit

20
© 2019 Mintel Group Ltd. All rights reserved.
Prepared Soup – Indonesia 2016
Mintel Market Sizes

Figure 20: Gross domestic product (bn USD)

Table 14: Gross domestic product (bn USD)

Country 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
Indonesia 255.28 279.27 310.85 396.28 469.87 557.88 578.44 754.96 892.80 917.70 912.24 890.48 860.60 931.70 1,015.40 1,042.10 1,162.00 1,252.00 1,425.00 1,61

Sources: Economist Intelligence Unit

21
© 2019 Mintel Group Ltd. All rights reserved.
Prepared Soup – Indonesia 2016
Mintel Market Sizes

Figure 21: Exchange rates

Table 15: Exchange rates

Currency 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
IDR / 8,577.13 8,938.85 9,704.74 9,159.32 9,141 9,698.96 10,389.94 9,090.43 8,770.43 9,386.63 10,461.24 11,865.21 13,389.41 13,308.33 13,380.83 14,236
USD

Sources: Economist Intelligence Unit

22
© 2019 Mintel Group Ltd. All rights reserved.
Prepared Soup – Indonesia 2016
Mintel Market Sizes

Sources of Data

Economist Intelligence Unit

Mintel has forged a strong working relationship with the Economist Intelligence Unit (EIU). Both companies share a respected heritage in delivering market research, analysis and
forecasts to business-leaders around the world.

The EIU is the source of all socio-economic data contained within Mintel Market Sizes. With specialist economic and political insight for over 200 countries EIU data perfectly
complements Mintel Market Sizes.

To learn more visit eiu.com

23
© 2019 Mintel Group Ltd. All rights reserved.
Prepared Soup – Indonesia 2016
Mintel Market Sizes

Related research

This report has been generated by Mintel Market Sizes, a trusted database containing market size, market share and forecast data for thousands of consumer goods categories
worldwide. To learn more visit marketsizes.mintel.com You may be interested in other available research related to this report:

Prepared Soup in Australia (2019) Prepared Soup in New Zealand (2019)

Prepared Soup in China (2019) Prepared Soup in Philippines (2018)
Prepared Soup in Denmark (2018) Prepared Soup in South Korea (2018)
Prepared Soup in India (2018) Prepared Soup in Sweden (2018)
Prepared Soup in Japan (2018) Prepared Soup in Thailand (2018)
Prepared Soup in Malaysia (2019) Prepared Soup in Vietnam (2017)

Subscription options
Prepared Soup in Indonesia (2016) is included in a number of subscription packages.

Subscription by Region:
Indonesia – All Markets G20 – All Markets
Asia Pacific – All Markets Global – All Markets

Subscription by Industry:
Food – Global Food – G20
Food – Asia Pacific

24
© 2019 Mintel Group Ltd. All rights reserved.
Prepared Soup – Indonesia 2016
Mintel Market Sizes

About our process

A report generated by Mintel Market Sizes is designed to provide instant preliminary market research. Each report provides an overview of the defined market, including market
size, market forecast, segmentation and company market share along with top-line socio-economic data. The data is supplied in both graphical and tabular format for ease of
interpretation and analysis.

A wealth of international sources feed into Mintel Market Sizes. This is a mix of primary and secondary data sources. In addition each market contains an exclusive 5 year market
size forecast.

The team
Reports are produced by a team of in-house, multi-national research analysts who have expertise in local markets and over 20 languages. They are specialists in data collection in
over 30 countries across 17 industries, including niche industries and developing markets. All secondary data sets in both local and global languages are derived from a range of
sources, from government statistics to trade magazines. In addition, Mintel has strong relationships with suppliers of primary data research, such as SymphonyIRI Group in some
countries in Europe and North America, who provide primary data which is used alongside other research to derive market sizes and shares.

Typically Mintel Market Sizes analysts use a minimum of 3 to 4 data points for each table, analysing different aspects of the market. Full transparency of source data is provided
for all secondary sources. Furthermore, Mintel seeks permission from the original source which is quoted in every case on Mintel Market Sizes, reinforcing the integrity and robust
nature of the data.

Coverage
CPG industries
The 7 CPG industries are covered by over 60 separate reports, which are produced for all the countries covered by Mintel Market Sizes.

Industries: Alcoholic Drinks; Beauty, Personal Goods & Toiletries; Food; Food Service; Non alcoholic Drinks; Household/Home; and Pharmaceuticals

Countries: Australia; Austria; Belgium; Brazil; Canada; Chile; China; Colombia; Denmark; Finland; France; Germany; India; Indonesia; Italy; Japan; Malaysia; Mexico;
Netherlands; Norway; Philippines; Poland; Portugal; Russia; South Africa; South Korea; Spain; Sweden; Switzerland; Thailand; Turkey; UK; US; and Vietnam

Non-CPG industries
The 9 non-CPG industries are covered by over 40 separate reports, which are produced for 20 of the countries covered by Mintel Market Sizes.

Industries: Automotive; Clothing, Footwear & Accessories; Consumer Electronics; Electrical Goods; Holidays & Travel; Media; Personal Finance; Retail; and Telecommunications

25
© 2019 Mintel Group Ltd. All rights reserved.
Prepared Soup – Indonesia 2016
Mintel Market Sizes

Countries: Australia; Brazil; Canada; China; Colombia; France; Germany; India; Indonesia; Italy; Japan; Mexico; Russia; South Africa; South Korea; Spain; Turkey; UK; US; and
Vietnam

Leisure & Entertainment industry

The Leisure & Entertainment industry is covered by 8 reports, which are produced for 8 of the countries covered by Mintel Market Sizes.

Countries: Brazil; China; France; Germany; Italy; Spain; UK; and US

Retail figures and totals

There are two types of market size data available: retail; and total. The market and segment definitions indicate what data is included.

Retail market data (also known as off-trade sales) includes all sales through retail channels including standard CPG/FMCG channels such as hypermarkets, supermarkets,
traditional grocery stores, self-service stores and discount stores and as well as direct to consumer where applicable. For alcohol, they only include off-trade sales. The retail
market data typically includes sales of packaged goods. Where retail market data includes sales of unpackaged goods, this is indicated in the definitions.

Total market data includes all retail sales and non-retail sales totalled together. Non-retail sales are also referred to as on-trade and on-premise. This data includes HoReCa (out-
of-home consumption and food service such as restaurants, bars, catering and hotels), unpackaged goods and sales for use in the industry or for manufacturing. For alcohol, it
includes on-trade and off-trade sales.

Forecasting
Mintel Market Sizes covers a broad range of industries and forecasts are adapted accordingly. The forecasts are produced using a model that links historical market trends to
projections of macro-economic factors.

Each market is affected by different macro-economic factors. First, all the main parameters are identified that affect the market/industry which is being forecast. Based on their
understanding of the sector in question, the analysts select the parameter regarded as the most relevant. The parameter chosen is guided by the correlation between the past
market trends, information from primary and secondary research as well as what seems intuitively right.

For reasons of conformity, reliability and currency, the range of parameters at the analyst’s disposal is confined to 7 macro-economic factors.

agricultural output population

industrial output expenditure per capita (private consumption)
manufacturing output GDP (Gross Domestic Product)
services sector output

The format used for the macro-economic factors is that which is best for international comparisons. For example, gross domestic product (GDP) is at purchasing power parity
(PPP) in US Dollars ($USD).

A ratio is taken of the time series for the market size with the appropriate selected input data. The rate of change of this ratio is another option. The model then provides outputs
using various extrapolation techniques such as moving average, straight line, exponential growth, etc., with variable weightings for the latest years.

26
© 2019 Mintel Group Ltd. All rights reserved.
Prepared Soup – Indonesia 2016
Mintel Market Sizes

The macro-economic data is updated regularly so that the latest forecast data from the EIU is used when each report is published. The forecast data on published reports is
revised when the entire report is updated on an annual basis.

Analyst notes
Although Mintel Market Sizes is intended as a preliminary market research data tool, notes are provided which give more insight into the market such as: explaining any apparent
anomalies; providing snippets of relevant consumer trends; or individual examples of products and brands or company activity which may have influenced market trends. Notes
can be found either by hovering over the ? in the second column in a table or at the base of the a table.

Insignificant segments
There are instances where the sales for one or more segments are insignificant in a particular market. The term insignificant, which is included in reports for transparency and
global consistency, indicates that a segment does not exist in that country or that it is dwarfed by other segments. Each segment marked insignificant makes up less than 3% of
the market size in value published for the last year. Insignificant is indicated with an i.

27
© 2019 Mintel Group Ltd. All rights reserved.
Prepared Soup – Indonesia 2016
Mintel Market Sizes

How we use our sources

There are few markets where information is comprehensive. Therefore, Mintel uses secondary research to derive data that provides as complete a picture, and which is as globally
comparable, as possible. In the vast majority of cases, this is supplemented by primary research. Even where there is an established single source, Mintel looks for other sources
for verification. Mintel’s analysts filter the relevant data and translate it into usable information for compiling market sizes, segmentation and shares. The standard research
methods are detailed below.

Primary sources
Trade interviews
This primary research method is used to engage with the active players in a sector for the majority of reports where data from other sources is not complete. Interviews are
undertaken primarily to: fill in missing years; assess the latest year’s trends and estimates; provide an assessment of any non-standard segmentation; verify competitors’ shares;
and explain the latest initiatives and any anomalies or conflicts deriving from other sources. Most importantly interviewees are contacted to: verify any estimated or disputed
data; provide insight into market dynamics; and explain any aberrations or unexpected results. When this method is utilized, Mintel conducts at least two trade interviews to get
as unbiased a view as possible. All information is weighted according to the respondent’s field of expertise.

Store checks
Using the GNPD (Global New Product Database) network of over 13,000 trained associates, Mintel performs in-store audits when brand information is scarce. The auditors use
local knowledge and market expertise to research and validate what products are available through retail channels. They check on-shelf product availability at key retailers, prices
for individual brands and products and initial indication of brand and company market representation for further verification from other sources. These audits also provide a
preliminary survey of what types of products are available for determining how the market is segmented, which is checked with other sources. Data collection is based on strict
guidelines to avoid misinterpretation of the local market. After submission, the information collected is examined by Mintel Market Sizes analysts and processed into data point
format, providing an overview of the market.

Mintel
Data is not always available in a clear, cohesive and comparable form that can be used directly; it usually involves some manipulation and interpretation by the analysts. At times
this involves reconciling varying sets of data from different sources. In these instances we will indicate this by sourcing Mintel.

Analysts have direct conversations with key contacts within the leading companies. Data is also used from other Mintel products. GNPD (Global New Product Database) provides
key indicators of how many key innovations are occurring in industries and market segments and where they are launched. Oxygen reports supply detailed analysis and consumer
insight for certain markets in particular countries. Menu Insights and Comperemedia provide product information for the food service and financial sectors in the US. Estimations

28
© 2019 Mintel Group Ltd. All rights reserved.
Prepared Soup – Indonesia 2016
Mintel Market Sizes

are used in instances where our country and regional analysts feel the secondary data sources are lacking or inconsistent and where clarification and/or verification is required. It
also used to add insight into trends and segmentation for sizes and shares.

Estimates are used, for example, if secondary sources are lacking, trade research is problematic and other channels have been exhausted. The estimates are compiled by country
and regional analysts based on their experience of similar markets or countries.

Mintel is a source for all forecasts because this is derived by Mintel’s own forecasting model (as detailed in the Forecasting section).

Secondary sources
Company information
Company websites, press releases and articles are used to enhance market understanding. Items such as chairmen’s statements and press releases can give insight into issues in
the market and into company strategies. Players which are dominant in any sector can supply key findings for the whole segment. In retailing reports, turnover figures are vital
for shares and provide the latest information on parameters such as the current number of outlets. Company information can also provide data on product ranges and player
direction.

Online store checks are also sourced as Company Information. These checks help establish what brands and products are available as well as provide an indication of pricing,
which is adjusted to negate any bias towards the online target audience. They also give an indication of each major player’s activity, particularly at the premium end of the
market.

Government, association and other official sources

Information from associations varies considerably. Some data from these sources is the industry standard; other data is representative of members for part of the market; while
some data outlines challenges the association’s members face. Official sources usually provide accurate and credible data. Mintel analysts update and interpret the data where
needed.

Trade magazines
Trade Magazines provide valuable insight into the latest general market conditions and challenges. They are used to support segment and company data and the latest year trend
information.

Partners
Economist Intelligence Unit

Mintel has forged a strong working relationship with the Economist Intelligence Unit (EIU). Both companies share a respected heritage in delivering market research, analysis and
forecasts to business-leaders around the world.

The EIU is the source of all socio-economic data contained within Mintel Market Sizes. With specialist economic and political insight for over 200 countries EIU data perfectly
complements Mintel Market Sizes.

29
© 2019 Mintel Group Ltd. All rights reserved.
Prepared Soup – Indonesia 2016
Mintel Market Sizes

IRi

IRi is a global provider of big data and predictive analytics for CPG/FMCG manufacturers and retailers. IRI is the source of some sales data for the US and UK contained within
Mintel Market Sizes.

RADDAR

RADDAR Consumer Knowledge Group is a market research organization in Colombia founded in 2005, with operations in Latin America. They are dedicated to the measurement of
household consumption in CPG/FMCG market. RADDAR is the source of some sales data for Colombia contained within Mintel Market Sizes.

30
© 2019 Mintel Group Ltd. All rights reserved.
Prepared Soup – Indonesia 2016
Mintel Market Sizes

About Mintel

Mintel is an independent award-winning provider of world-leading market intelligence, delivering robust information, analysis and critical recommendations. Mintel's trusted
portfolio of proprietary industry solutions and products has been supporting high profile clients in key sectors such as FMCG, financial services, media, retail, leisure and education
for over 38 years. With office locations in London, Chicago, New York, Shanghai, Tokyo and Sydney our global presence continues to grow.

To learn more visit mintel.com.

31