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Retail Market in Indonesia to Expand by USD 49.56 Billion (2024-2028), Driven by Retail Growth and AI-Redefined Market Landscape – Technavio

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NEW YORK, Dec. 10, 2024 /PRNewswire/ — Report with market evolution powered by AI – The retail market in indonesia size is estimated to grow by USD 49.56 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  4.73%  during the forecast period. Expansion of retail landscape is driving market growth, with a trend towards growing preference for local brands. However, underdeveloped infrastructure  poses a challenge. Key market players include Adidas AG, Apple Inc., Authentic Brands Group LLC, Decathlon SA, Inter IKEA Holding BV, Levi Strauss and Co., LG Electronics Inc., Marks and Spencer Group plc, Nike Inc., Panasonic Holdings Corp., PT FUJITA Indonesia, PT Hino Motors Manufacturing Indonesia, PT Siantar Top Tbk, PT Sumber Alfaria Trijaya Tbk, PT. Indomarco Prismatama, PT Mitra Adiperkasa Tbk, PT Ramayana Lestari Sentosa Tbk, PT. SGMW Motor Indonesia, Samsung Electronics Co. Ltd., and Sony Group Corp..

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Retail Market In Indonesia Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 4.73%

Market growth 2024-2028

USD 49.56 billion

Market structure

Fragmented

YoY growth 2022-2023 (%)

4.38

Regional analysis

Indonesia

Performing market contribution

APAC at 100%

Key countries

Indonesia

Key companies profiled

Adidas AG, Apple Inc., Authentic Brands Group LLC, Decathlon SA, Inter IKEA Holding BV, Levi Strauss and Co., LG Electronics Inc., Marks and Spencer Group plc, Nike Inc., Panasonic Holdings Corp., PT FUJITA Indonesia, PT Hino Motors Manufacturing Indonesia, PT Siantar Top Tbk, PT Sumber Alfaria Trijaya Tbk, PT. Indomarco Prismatama, PT Mitra Adiperkasa Tbk, PT Ramayana Lestari Sentosa Tbk, PT. SGMW Motor Indonesia, Samsung Electronics Co. Ltd., and Sony Group Corp.

Market Driver

The retail market in Indonesia is witnessing significant trends shaped by modern spending habits and the increasing use of digital technology. Physical distribution channels continue to dominate consumption, but prices, credit cost, and employment are key concerns. Social welfare and household consumption are driving economic growth, with private consumption leading the way. Retail sectors, including goods and services, are seeing increased investment and exports. Modern retail formats like organized retail markets, retail chains, and e-commerce are gaining popularity. Digital technology, social media, and online commerce are transforming media distribution, ride-sharing services, financial services, and customer sentiments. Palm oil, fish, cocoa, coffee, wheat, dairy, and processed food products remain important commodities. E-commerce brands, visual merchandising techniques, inventory management, and economic growth are shaping the retail landscape. Small business owners and entrepreneurs are embracing brand loyalty and eco-friendly practices. Circular retail models, resale, rental, refurbishment, 3D printing, and augmented reality are emerging trends. Cashback, discounts, and special offers continue to attract consumers. The middle class is a significant market segment, with increasing income and demand for product quality and accessibility. 

Indonesian consumers exhibit strong brand loyalty and a preference for local brands, with 75% of people deciding in advance about their product purchases. Over 65% of Indonesians consistently shop at the same store for food and beverages. Local brands like PT Fujita Indonesia and PT Hino Motors Manufacturing Indonesia, as well as non-expensive foreign brands, meet the needs of Indonesian consumers and offer better value for money. Foreign companies entering the Indonesian market have employed localization and acquisition strategies to gain a foothold. 

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 Market Challenges

•         The retail market in Indonesia faces several challenges. Modern spending habits shift towards digital technology and online commerce, impacting physical distribution channels. Consumption patterns are influenced by prices, credit cost, employment, and social welfare. Economic growth, income, and product quality are crucial factors. Indonesia’s exports of key commodities like palm oil, fish, cocoa, coffee, wheat, dairy, and processed food products are significant. Ramadan period boosts private consumption. Organized retail market includes retail chains, department stores, boutiques, e-commerce retail, online retail, websites, and mobile apps. Small business owners and entrepreneurs face competition from e-commerce brands and digital technology. Brand loyalty is essential. Economic growth, accessibility, and customer sentiments influence retail trends. Sustainability efforts, circular retail models, and eco-friendly practices are gaining popularity. Cashback, discounts, and special offers are common marketing strategies. Government spending, investment, social media, ride-sharing services, financial services, and media distribution are also shaping the retail landscape. Artificial intelligence (AI) and visual merchandising techniques are used for inventory management and customer engagement. Middle class consumers drive demand for tailor-made products and services.

•         In Indonesia’s retail market, inadequate infrastructure and network services pose significant challenges for exporters and investors. Traditional warungs and minimarts remain popular among consumers, necessitating extensive distribution networks for business growth. Innovations, particularly in packaging, are crucial due to limited and competitive shelf space. The country’s population is dispersed across numerous islands, making underdeveloped connectivity a barrier to consumer access to various goods and services. Companies must navigate these complexities to succeed in Indonesia’s retail sector.

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Segment Overview 

This retail market in Indonesia report extensively covers market segmentation by  

Distribution Channel1.1 Offline1.2 OnlineProduct 2.1 Food and beverages2.2 Electrical and electronics2.3 Apparel and footwear2.4 Home improvement and household products2.5 OthersGeography 3.1 APAC

1.1 Offline-  Convenience stores in Indonesia are small retail outlets providing everyday essentials, including groceries, snacks, personal care items, and alcohol (if licensed). They are often located near highways or busy urban areas. Department stores offer a wide range of consumer goods, from clothing to electronics. Drug stores and pharmacies sell medicines and health products, typically open 24 hours. In 2021, Boots UK opened its first franchise store in Indonesia. Supermarkets are larger self-service stores with a wide variety of household products, food, and medicines. Hypermarkets combine supermarkets and convenience stores, focusing on high volume, low-margin sales. Retailers faced challenges in 2020 due to shipping issues, offering free or discounted shipping and clearing stocks. Unorganized vendors pose a threat, but their sales declined in 2021, benefiting established retailers. Preventive measures ensured safe shopping experiences, and online shopping habits reduced foot traffic to offline stores, leading to moderate retail market growth.

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Research Analysis

The retail market in Indonesia is experiencing significant growth, driven by rising household purchasing power and modern spending habits. With a population of over 270 million people, the country’s consumption is a major contributor to the economy. Prices for essential commodities such as palm oil, fish, cocoa, coffee, wheat, and dairy have seen fluctuations, impacting the retail sector. Credit costs and employment levels are important factors influencing consumer spending. The government’s social welfare programs and investment in infrastructure have boosted private consumption. Digital technology, social media, online commerce, media distribution, ride-sharing services, and financial services are transforming the retail landscape. Middle-class consumers are driving demand for a wider range of products and services. The retail industry’s future looks promising, with exports and government spending expected to further fuel growth.

Market Research Overview

The retail market in Indonesia is witnessing significant changes due to modern spending habits and the increasing adoption of digital technology. Consumption patterns are shifting towards private and household consumption, driven by economic growth and rising income levels. Prices remain a crucial factor, with credit costs and social welfare playing essential roles in shaping purchasing decisions. Physical distribution channels continue to dominate, but online commerce and ride-sharing services are gaining popularity. Modern retail formats, including retail chains, department stores, boutiques, and e-commerce retail, are transforming the market. Digital technology, social media, and online marketplaces are revolutionizing the way businesses reach customers and manage inventory. Key sectors, such as palm oil, fish, cocoa, coffee, wheat, dairy, and processed food products, continue to drive the retail market. The Ramadan period sees in demand for these goods. The organized retail market, including e-commerce and brick-and-mortar stores, is expected to grow, driven by middle-class consumers and entrepreneurs. Brand loyalty is crucial, with e-commerce brands leveraging artificial intelligence (AI) and visual merchandising techniques to attract customers. Eco-friendly practices and sustainability efforts are becoming essential as consumers demand more circular retail models. Resale, rental, refurbishment, 3D printing, and augmented reality are emerging trends. Cashback, discounts, and special offers remain popular promotional strategies.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

Distribution ChannelOfflineOnlineProductFood And BeveragesElectrical And ElectronicsApparel And FootwearHome Improvement And Household ProductsOthersGeographyAPAC

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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Composers for Wicked: For Good, Palm Royale, Pluribus, Stranger Things, The Age of Disclosure, Hurricane Katrina: Race Against Time, and Video Game Star Wars Outlaws: A Pirate’s Fortune Receive 2026 ASCAP Composers’ Choice Awards

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ASCAP Honors David Vanacore with Golden Note Award

LOS ANGELES, April 29, 2026 /PRNewswire/ — This evening, at its exclusive ASCAP Screen Celebrates event in Los Angeles, ASCAP (The American Society of Composers, Authors and Publishers) announced the 2026 ASCAP Composers’ Choice Awards honorees along with the ASCAP Screen Music Awards winners behind today’s most compelling film, television and video game music.

The ASCAP Screen Music Awards celebrate composers whose work elevates the art of visual storytelling across film, television and interactive media. Included in these are the ASCAP Composers’ Choice Awards, which are chosen by the ASCAP composer and songwriter community, an exclusive honor among US performing rights organizations. The 2026 winners, selected from a competitive field of nominees, created music for a critically acclaimed television comedy-drama series, a major cinematic musical adaptation, a landmark historical documentary series, and a standout fantasy-adventure video game, among others:

2026 ASCAP Composers’ Choice Award Winners

Film Score of the Year: Wicked: For Good – John Powell & Stephen SchwartzTelevision Score of the Year: Palm Royale – Jeff ToyneTelevision Theme of the Year: Pluribus – Dave Porter; Stranger Things – Kyle Dixon & Michael Stein (tie)Documentary Film Score of the Year: The Age of Disclosure – Blair Mowat Documentary Series Score of the Year: Hurricane Katrina: Race Against Time – Amanda Jones Video Game Score of the Year: Star Wars Outlaws: A Pirate’s Fortune – Wilbert Roget II, Jon Everist and Cody Matthew Johnson

In other categories, while Michael Giacchino received Top Domestic Box Office Film of the Year for Zootopia 2. Jake Staley earned Top Network Television Series for his work on the drama High Potential, and John Sereda received Top Cable Television Series for the historical drama When Calls the Heart. David Vanacore was the top winner in the Most Performed Themes & Underscore category.

This marked Vanacore’s 22nd consecutive win in the Most Performed Themes and Underscore category, and his 11th consecutive time as the top winner. During the celebration, Vanacore was also presented with ASCAP’s prestigious Golden Note Award in recognition of his extraordinary career achievements and impact on television music. A pioneering force in unscripted scoring, Vanacore has composed the music for CBS’s Survivor since its debut in 2000, with 2026 marking the series’ landmark 50th season.

ASCAP’s Golden Note Award is presented to artists who have achieved extraordinary career milestones. Previous recipients include Lionel Richie, Jeff Lynne, Quincy Jones, Jermaine Dupri, Reba McEntire, Alicia Keys and composers Alf Clausen and Mark Snow.

The complete list of winners is available on the ASCAP website: www.ascap.com/screenawards26

About ASCAP
The American Society of Composers, Authors and Publishers (ASCAP) is a membership association of more than 1.1 million songwriters, composers and music publishers, and represents some of the world’s most talented music creators. Founded and governed by songwriters, composers and publishers, it returns nearly 90 cents of every dollar collected to its members as royalties and has the lowest overhead rate of any U.S. PRO. ASCAP licenses a repertory of over 20 million musical works to hundreds of thousands of businesses that use music, including streaming services, cable television, radio and satellite radio and brick and mortar businesses such as retail stores, hotels, clubs, restaurants and bars. ASCAP collects the licensing fees and identifies, matches, processes and pays royalties to its members for trillions of performances every year. The ASCAP blanket license offers an efficient solution for businesses to legally perform ASCAP music while respecting the right of songwriters and composers to be paid fairly. ASCAP puts music creators first, advocating for their rights and the value of music on Capitol Hill, driving innovation that moves the industry forward, building community and providing the resources and support that creators need to succeed in their careers. Learn more and stay in touch at www.ascap.com, on X and Instagram @ASCAP and on Facebook.

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SOURCE ASCAP – American Society of Composers, Authors and Publishers

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28.13%, 26.4%! LONGi Sets New World Records for Crystalline Silicon Solar Cell and Module Efficiency

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XI’AN, China, April 29, 2026 /PRNewswire/ — Recently, LONGi announced two major technological breakthroughs. First, its independently developed Hybrid Interdigitated-Back-Contact (HIBC) solar cell has been certified by the Institute for Solar Energy Research Hamelin (ISFH) in Germany, achieving a photoelectric conversion efficiency of 28.13%. This marks yet another step forward toward the theoretical efficiency limit of crystalline silicon solar cells, following LONGi’s previous efficiency record of 28.04% set in January 2026. Second, modules fabricated based on HIBC solar cells have been certified by the U.S. National Laboratory of the Rockies(NLR), with efficiency breaking through to 26.4% — setting a new record after LONGi had earlier pushed the crystalline silicon module efficiency to 26%.

As the ultimate solution for single-junction crystalline silicon cell technology, the HIBC cell developed by LONGi’s Central R&D Institute represents a culmination of the strengths of various cell technologies. The R&D team has innovatively introduced core technologies such as in-situ Patterned Edge Passivation (iPET) and Laser-Induced Crystallization modification (LIC). Through systematic optimization of structural design, material selection, and fabrication processes, the team has achieved multiple breakthroughs in optical performance, interface passivation quality, and charge transport efficiency, paving a mature pathway for the commercial deployment of ultra-high-efficiency crystalline silicon cells.

These hardcore breakthroughs in technological strength have already translated into a leading edge in mass production. In April 2026, the authoritative global PV media outlet TaiyangNews released its ranking of commercialized mass-produced module efficiencies, and LONGi’s  EcoLife series modules, powered by HIBC technology, secured the top spot with a mass-production efficiency of 25%. This achievement marks the official completion of a complete closed loop spanning from laboratory R&D to large-scale commercial application for HIBC cells, delivering yet another premium clean energy solution to global customers — one that offers “high efficiency, high energy yield, aesthetic versatility, and certified safety and reliability”.

Having been deeply engaged in the clean energy field for many years, LONGi has established a comprehensive “Green Power + Green Hydrogen + Energy Storage” full-chain clean energy solution, consistently driving technological iteration through independent innovation to deliver high-quality products across all application scenarios to global customers. Moving forward, LONGi will continue to focus on technological innovation, accelerating the translation of laboratory efficiency breakthroughs into large-scale manufacturing, and serving the global energy transition with more competitive clean energy products to help build a zero-carbon and sustainable green energy ecosystem.

SOURCE LONGi

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DentScribe Is Not Just an AI Scribe; It Supports the Entire Dental Day

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From the morning huddle to chairside review, notes, perio charting, treatment coordination, after-care, and follow-up, DentScribe helps busy dentists and DSOs see the full power of dental AI.

SUNNYVALE, Calif., April 29, 2026 /PRNewswire/ — A dentist’s day is not one task. It is a chain reaction.

DentScribe transforms the dental day – from morning huddle to follow-up – into connected, actionable intelligence.

It starts before the first patient sits down. The team has only a few minutes for the morning huddle. Who is coming in today? What did we miss last time? Which patients have unscheduled treatment? Which issues need attention before they become bigger problems?

Then the dentist walks into the operatory and needs instant context. What is in the chart? What did the patient defer? What did the provider recommend at the last visit? What should not be missed today?

Then comes the appointment itself: diagnosis, treatment, patient education, clinical judgment, documentation, perio charting, billing support, and follow-up planning.

And when the patient leaves the chair, the work is still not done. The treatment coordinator must explain the plan, discuss cost, review financing or insurance, handle hesitation, schedule the next visit, and make sure the patient understands what happens next.

This is why DentScribe is built to be more than an AI scribe.

DentScribe today reinforced the full range of its AI platform for dental practices and DSOs – a connected suite of capabilities designed to support the busy dentist and team across the dental day, from preparation to patient care to follow-up.

“Dentists do not experience their day as isolated tasks,” said Dr. Vinni K. Singh, Founder & CEO of DentScribe. “The morning huddle affects the chairside conversation. The chairside conversation affects the SOAP note. The SOAP note is the ground truth for production opportunities, treatment coordination, after-care, and doctor communications. DentScribe brings those pieces together so AI can support the real workflow of the dental office.”

The DentScribe ‘aha’ is simple: the note is only the beginning.

A SOAP note contains the dentist’s true clinical assessment. DentScribe turns that ground truth into action across the practice.

Before the day begins, DentScribe GPS helps the team prepare with a smarter morning huddle.Before and during the appointment, DentScribe CoPilot helps surface chairside reminders and unresolved opportunities.During and after care, DentScribe helps generate comprehensive SOAP notes and supports AI voice perio charting.After the appointment, DentScribe Treatment Coordinator Notes help document the financial and scheduling conversation.Before the patient forgets, DentScribe After-Care Summaries help explain what happened, what matters, and what comes next.When another provider needs context, DentScribe supports referral letters, specialist reports, and doctor communications.Across the office, DentScribe supports PMS-connected workflows, CDT-aware documentation, and practice-specific templates.

For busy dentists, that means less time buried in notes and fewer missed details.

For front-desk and treatment teams, it means clearer handoffs, better follow-up, and a more consistent way to document patient concerns.

For patients, it means a smoother experience, clearer next steps, and a better understanding of the care being recommended.

For DSOs and practice owners, it means DentScribe is not merely a documentation tool. It is an AI operating layer that can help reveal missed opportunities, reduce leakage, improve communication, and give leaders better visibility into the daily workflow of the practice.

“DentScribe’s ground-truth approach is powerful because it starts with what the dentist actually said, observed, and recommended,” said Dr. Ratinder Paul Singh Ahuja, Board Chair of DentScribe. “When that information becomes structured and actionable across the practice, AI becomes far more than a scribe – it becomes a system for better care delivery and production.”

DentScribe’s platform was designed for the reality of modern dentistry: fragmented systems, tight schedules, incomplete handoffs, late-night charting, missed follow-ups, and lost production. By bringing together documentation, CoPilot intelligence, GPS morning huddle insights, perio charting, treatment coordination, after-care, doctor communications, and PMS integration, DentScribe gives dental teams a clearer way to manage the full patient workflow.

The result is the “aha” moment many dentists and DSOs are looking for: An AI agent that optimizes their entire patient care workflow.

Ready to see the full DentScribe platform? Book a live demo: https://www.dentscribe.ai/book-a-demo

About DentScribe
DentScribe  is the agentic AI platform for dental documentation and production. DentScribe automatically generates comprehensive SOAP notes from dentist-patient conversations and publishes them directly into leading practice management systems. With DentScribe CoPilot, those notes become chairside checklists that close care gaps and increase case acceptance. With DentScribe GPS, leaders gain a practice-wide daily brief that turns morning huddles into a reliable engine for production and patient outcomes. Founded by practicing dentist Dr. Vinni K. Singh in Sunnyvale, California, DentScribe helps dentists reclaim time, deliver better care, and grow their practices – without changing how they work. Learn more or book a demo at dentscribe.ai.

Media Contact
DentScribe Media Relations
hello@dentscribe.ai
+1-650-446-6161
710 Lakeway Dr. #200, Sunnyvale, CA 94085

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