Increasing Of Indonesia Population And Its Impact On The Business Essay - 1

Increasing Of Indonesia Population And Its Impact On The Business - Essay Example Family-planning programs have contributed to a decline into approximately 1.04% as per now. Given the current trend, United Nations (UN) projects Indonesian population to surpass 270 million by 2025, go past 285 million people by the year 2035 and increase beyond 290 million by the year 2045 (Indonesia Population 2013). After which, the country shall experience a decline from 2050. Perhaps, two-thirds of Indonesia’s populace shall reside in town areas according to United Nations estimations. From a business perspective, this trend provides an opportunity for commercial success and snack shall maximize the provisions of the population. The demographic distribution of Indonesia makes it an excellent market for promotion of the snack bar. The nations' entire population comprises of mainly the youths providing an economic advantage. The median age of the population is 28.1 years. Young population offers a potentially significant target market and very accessible. Females dominate the society, and when categorized into sexes, the male median age is 27.7 years while female age is around 28.7 years (Worldometers 1). Indonesia consists of 13,667 islands, but citizens inhabit only 6,000. Out of this, five islands namely Sumatra, Kalimantan, Java, Irian Jaya, and Sulawesi are mainly populated. The total land mass of Indonesia is around 1,919,317 square kilometers (Indonesia Population 2013). Over the past forty years, Indonesia registered a remarkable rate of urbanization. Thus, half of Indonesia’s whole population lives in towns. In regards to this, current the distribution of population establishes a positive development, as industrialization and urbanization are essential for growth and trades. The snack bar trade will likely experience stiff direct competition from other snacks on offer in Indonesia particularly, Gorengan and Bakso. Gorengan refers to a friend bite.