The growth of the franchise industry in Indonesia has continued to show a positive trend in recent years. Based on data from the Indonesian Franchise Association (AFI), the industry has recorded an average growth of 10%-15% per year since 2019.
The food and beverage sector is the largest contributor to the industry. In 2021 alone, the franchise industry in Indonesia contributed around 1.9% of GDP, with the food and beverage sector contributing 58.37% and retail 15.31%.
With the economy becoming more stable and people’s purchasing power increasing, more and more entrepreneurs are interested in entering the business world through the franchise model. Not only local brands, many international brands see great potential in the Indonesian market.
The beverage sector is one of the fastest growing sectors in the franchise industry. Various foreign beverage brands are competing to enter Indonesia, bringing their superior products and adapting them to local consumer tastes.
Competition in the sector is getting tighter. However, this is actually a catalyst for innovation and product quality improvement. One example of a brand that is starting to be known is Bingxue, a brand from China.
Bingxue also participated in the FnB Franchise Indonesia (FFI) exhibition on August 9-11 at ICE BSD and the Indonesia Franchise, License & Business Concepts and Conference (IFRA) on August 16-18, 2024 at the Jakarta Convention Center (JCC).
Also read: IFRA Business Expo 2023 Boosts Business Opportunities and Local Economic Independence
Through its participation in these two major exhibitions, Bingxue strengthens its position in the beverage franchise sector. This opens up opportunities for entrepreneurs who are interested in joining.
In less than a year, Bingxue has opened more than 200 outlets, showing quite significant growth in the beverage franchise industry in Indonesia.
At the IFRA exhibition, Bingxue successfully attracted 50 new franchisees who are now in the process of preparing for store opening.
“Seeing the rapid development of our business, it is no wonder that many are interested in joining and opening a Bingxue business. Currently, more than 20 business people have switched to our brand and many more,” said a member of the Bingxue Indonesia Franchise team, Andrew.
Bingxue Indonesia continues to expand its network and is committed to providing the best service. The success achieved in a short time shows the great potential of the Indonesian market and Bingxue’s business strategy that focuses on efficiency.
Reflecting on the brand, it is clear that the franchise industry in Indonesia offers promising opportunities for investors. The sector not only offers attractive profit potential, but also plays an important role in creating jobs and supporting national economic growth. (Z-11)
#Franchise #Industry #Growth #Trends #Promising #Opportunities
Table of Contents
Franchise Industry Growth Trends in Indonesia: Promising Opportunities for Entrepreneurs
The franchise industry in Indonesia has been experiencing a positive trend in recent years, with an average growth rate of 10%-15% per year since 2019, according to the Indonesian Franchise Association (AFI) [[insert source]]. This growth is largely driven by the food and beverage sector, which contributed 58.37% to the industry in 2021, followed by retail at 15.31%.
As the economy becomes more stable and people’s purchasing power increases, more and more entrepreneurs are interested in entering the business world through the franchise model. Not only local brands but also many international brands see great potential in the Indonesian market [2]. The beverage sector is one of the fastest-growing sectors in the franchise industry, with various foreign beverage brands competing to enter Indonesia and adapt their superior products to local consumer tastes.
The competition in the sector is getting tighter, which is actually a catalyst for innovation and product quality improvement. One example of a brand that is starting to gain recognition is Bingxue, a brand from China. Bingxue has successfully participated in the FnB Franchise Indonesia (FFI) exhibition on August 9-11 at ICE BSD and the Indonesia Franchise, License & Business Concepts and Conference (IFRA) on August 16-18, 2024, at the Jakarta Convention Center (JCC). Through its participation in these two major exhibitions, Bingxue strengthened its position in the beverage franchise sector, opening up opportunities for entrepreneurs who are interested in joining.
In less than a year, Bingxue has opened more than 200 outlets, showing significant growth in the beverage franchise industry in Indonesia. At the IFRA exhibition, Bingxue successfully attracted 50 new franchisees who are now in the process of preparing for store opening.
Starting a franchise business in Indonesia requires understanding the franchise regulations in the country [3]. Entrepreneurs who are interested in joining the franchise industry in Indonesia need to learn about the requirements, franchise agreement, and franchising alternatives [1].
the franchise industry in Indonesia is a promising opportunity for entrepreneurs who are looking to venture into the business world. With the growth of the industry and the increasing demand for franchise businesses, now is the perfect time to consider starting a franchise business in Indonesia.
Key Takeaways:
The franchise industry in Indonesia has been experiencing a positive trend with an average growth rate of 10%-15% per year since 2019.
The food and beverage sector is the largest contributor to the industry, followed by retail.
International brands see great potential in the Indonesian market, and the competition in the sector is driving innovation and product quality improvement.
Understanding franchise regulations in Indonesia is crucial for entrepreneurs who are interested in joining the industry.
* Starting a franchise business in Indonesia requires learning about the requirements, franchise agreement, and franchising alternatives.
Indonesia Franchise Expo
Franchise Industry Growth Trends in Indonesia: Promising Opportunities for Entrepreneurs
The franchise industry in Indonesia has been experiencing a positive trend in recent years, with an average growth rate of 10%-15% per year since 2019, according to the Indonesian Franchise Association (AFI)[[[1]]. This growth is largely driven by the food and beverage sector, which contributed 58.37% to the industry in 2021, followed by retail at 15.31%.
As the economy becomes more stable and people’s purchasing power increases, more and more entrepreneurs are interested in entering the business world through the franchise model. Not only local brands but also many international brands see great potential in the Indonesian market[[[2]]. The beverage sector is one of the fastest-growing sectors in
