Milk - Brunei Darussalam

Brunei Darussalam

Highlights

Revenue in the Milk market amounts to US$26.50m in 2024. The market is expected to grow annually by 7.06% (CAGR 2024-2029).
In global comparison, most revenue is generated India (US$71bn in 2024).
In relation to total population figures, per person revenues of US$58.12 are generated in 2024.
In the Milk market, volume is expected to amount to 26.43m kg by 2029. The Milk market is expected to show a volume growth of 5.0% in 2025.0.
The average volume per person in the Milk market is expected to amount to 45.8kg in 2024.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureMethodology

The Milk Market in Brunei Darussalam has seen minimal growth, impacted by factors such as limited demand due to a small population and the preference for traditional dairy products. Despite this, the market is expected to slowly expand as consumers become more health-conscious and embrace digital technologies.

Customer preferences: Consumers in Brunei Darussalam are increasingly opting for plant-based milk alternatives, such as almond and soy milk, due to health and environmental concerns. This trend is driven by a growing awareness of lactose intolerance and the negative impact of dairy production on the environment. Furthermore, the rise of veganism and flexitarianism among younger demographics is also contributing to the shift towards non-dairy milk options. As a result, there has been a surge in demand for these products in the Milk Market of the Dairy Products & Eggs Market, indicating a potential long-term trend in consumer preferences.

Trends in the market: In Brunei Darussalam, the Milk Market within the Dairy Products & Eggs Market is experiencing a rise in demand for organic and plant-based milk products. This trend is driven by a growing health and wellness consciousness among consumers, as well as an increasing number of lactose-intolerant individuals. As a result, dairy companies are investing in alternative milk sources and introducing new products to cater to this niche market. This trajectory is significant as it reflects a shift towards healthier and more sustainable food choices. It also presents opportunities for industry stakeholders to diversify their product offerings and appeal to a wider consumer base. However, it may also pose challenges for traditional dairy producers who may face competition from these new and innovative products.

Local special circumstances: In Brunei Darussalam, the Milk Market of the Dairy Products & Eggs Market within The Food market is heavily influenced by cultural factors. The country has a large Muslim population, and as such, there is a high demand for halal-certified milk products. This has led to the rise of local dairy farms and production facilities that cater specifically to this market. Additionally, Brunei's tropical climate and lush greenery provide ideal conditions for dairy cows, making locally sourced milk products highly sought after. Government regulations also play a role in the market, with strict guidelines in place to ensure the quality and safety of dairy products. These unique factors contribute to the dynamics of the Milk Market in Brunei, setting it apart from other markets in the region.

Underlying macroeconomic factors: The Milk Market of the Dairy Products & Eggs Market within The Food market in Brunei Darussalam is influenced by macroeconomic factors such as consumer purchasing power, government policies, and global milk production trends. The country's strong economic growth and stable political climate have resulted in increased disposable income, leading to a higher demand for dairy products. Additionally, government initiatives to promote local dairy production and reduce reliance on imports are expected to drive market growth. Moreover, global trends of rising milk consumption and increasing health consciousness among consumers are also contributing to the growth of the milk market in Brunei Darussalam.

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.