Bread - Brunei Darussalam

Brunei Darussalam

Highlights

Revenue in the Bread market amounts to US$31.10m in 2024. The market is expected to grow annually by 3.90% (CAGR 2024-2029).
In global comparison, most revenue is generated China (US$80bn in 2024).
In relation to total population figures, per person revenues of US$68.23 are generated in 2024.
In the Bread market, volume is expected to amount to 13.88m kg by 2029. The Bread market is expected to show a volume growth of 2.7% in 2025.0.
The average volume per person in the Bread market is expected to amount to 26.6kg in 2024.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureMethodology

The bread market in Brunei Darussalam is experiencing minimal growth due to factors such as low consumer demand and limited variety of bread products. Despite being part of the thriving food market, the bread market is hindered by its slow growth rate. This can be attributed to factors such as lack of innovation and competition in the market, as well as cultural preferences for traditional rice-based foods.

Customer preferences: In Brunei Darussalam, the Bread Market has witnessed a rise in demand for gluten-free and organic bread products, driven by health-conscious consumers. Additionally, the growing popularity of plant-based diets has also led to an increase in demand for vegan bread options. This trend is further fueled by the rising awareness of sustainability and ethical consumption, with consumers opting for bread products made from locally sourced, natural ingredients.

Trends in the market: In Brunei Darussalam, the Bread Market of the Bread & Cereal Products Market within The Food market is experiencing an increase in demand for healthy and organic bread options. This trend is driven by consumers' growing awareness of the importance of a balanced diet and the use of natural ingredients in food production. As a result, bakeries are incorporating more whole grains and natural sweeteners into their bread recipes. This shift towards healthier bread options is expected to continue, with potential implications for industry stakeholders such as bakeries and suppliers who may need to adjust their production processes and sourcing strategies to meet this demand.

Local special circumstances: In Brunei Darussalam, the Bread Market of the Bread & Cereal Products Market within The Food market is heavily influenced by the country's cultural and religious practices. The majority of the population is Muslim, and therefore, the demand for halal-certified bread is high. This has led to the emergence of local bakeries and brands that cater specifically to this market segment. Additionally, the country's small size and limited land resources have resulted in a reliance on imported wheat, which affects the pricing and availability of bread products. The government also plays a role in regulating the market, ensuring that all imported bread products meet halal standards.

Underlying macroeconomic factors: The growth of the Bread Market within the Bread & Cereal Products Market is heavily influenced by macroeconomic factors such as consumer spending, economic stability, and government policies. In Brunei Darussalam, a small but wealthy country, consumer spending on food and beverages is expected to increase due to strong economic growth and high disposable income. Furthermore, the government's initiatives to diversify the economy and promote domestic production are creating a favorable environment for the bread market to expand. Additionally, the rising health consciousness among consumers is driving the demand for healthy and nutritious bread options, further boosting the market growth.

Data coverage:

The data encompasses B2C enterprises. Figures are based on the total consumer spending on food, which comprises all private household spending on food that is meant for at-home consumption (out-of-home consumption is not accounted for).

Modeling approach:

Market sizes are determined through a top-down approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use resources from the Statista platform as well as in-house market research, national statistical offices, international institutions, trade associations, companies, the trade press, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending, and consumer price index. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the exponential trend smoothing is well suited for forecasting the Food market with a projected steady growth. The main drivers are GDP per capita and consumer spending per capita.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year.