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Yogurt - Brunei Darussalam

Brunei Darussalam
  • Revenue in the Yogurt market amounts to US$2.90m in 2024. The market is expected to grow annually by 5.47% (CAGR 2024-2029).
  • In global comparison, most revenue is generated China (US$46bn in 2024).
  • In relation to total population figures, per person revenues of US$6.37 are generated in 2024.
  • In the Yogurt market, volume is expected to amount to 1.38m kg by 2029. The Yogurt market is expected to show a volume growth of 3.1% in 2025.0.
  • The average volume per person in the Yogurt market is expected to amount to 2.5kg in 2024.

Definition:

The Yogurt market covers products that are created by allowing bacteria to convert lactose found in milk into lactic acid resulting in a thickened, sour-tasting dairy product.

Additional Information:

The market comprises revenue and average revenue per capita, volume and average volume per capita, price per unit (unit refers to kilogram), sales channels. The market encompasses retail sales through both online and offline sales channels to private end customers (B2C). The market only covers at-home consumption; out-of-home consumption is not included.

For more information on the displayed data, click the info button on the right side of each box.

In-Scope

  • Natural/plain yogurt
  • Flavored yogurt (e.g. Vanilla yogurt, fruit-flavored yogurt)
  • Greek yogurt
  • Whole milk yogurt, low-fat yogurt, non-fat yogurt
  • Probiotic yogurt, lactose-free yogurt

Out-Of-Scope

  • Milk
  • Cream cheese
  • Cheese
  • Curdled milk
  • Butter milk
  • Yogurt drinks
  • Out-of-home consumption

Revenue

Notes: Data was converted from local currencies using average exchange rates of the respective year.

Most recent update: Sep 2024

Source: Statista Market Insights

Most recent update: Sep 2024

Source: Statista Market Insights

Volume

Most recent update: Sep 2024

Source: Statista Market Insights

Most recent update: Sep 2024

Source: Statista Market Insights

Price

Most recent update: Sep 2024

Source: Statista Market Insights

Sales Channels

Most recent update: Nov 2024

Source: Statista Market Insights

Global Comparison

Most recent update: Sep 2024

Source: Statista Market Insights

Analyst Opinion

The Yogurt Market in Brunei Darussalam has seen a minimal growth rate, impacted by factors such as low consumer awareness and limited availability. Despite being a part of the rapidly growing Dairy Products & Eggs Market, the Yogurt Market is struggling to gain traction due to these challenges. However, the market is expected to experience a gradual growth in the coming years as awareness and availability of yogurt products increase in the country.

Customer preferences:
As health and wellness become increasingly important to consumers in Brunei Darussalam, the demand for functional and nutritious yogurt options is on the rise. This can be attributed to the growing focus on preventive healthcare and the desire for natural, clean-label products. Additionally, with the rise of health-conscious millennials, there is a growing preference for yogurt varieties that cater to specific dietary needs, such as lactose-free or plant-based options. As a result, dairy companies are expanding their product portfolios to meet this evolving demand.

Trends in the market:
In Brunei Darussalam, the Yogurt Market of the Dairy Products & Eggs Market within The Food market is experiencing a shift towards healthier options, with a growing demand for low-fat and probiotic yogurt products. This trend is driven by an increasing awareness of the health benefits of yogurt consumption, such as improved digestion and immunity. As a result, dairy producers are expanding their product offerings to include a variety of flavors and types of yogurt, catering to different dietary preferences. This trend is expected to continue, with consumers becoming more health-conscious and seeking out nutritious food options. Industry stakeholders should capitalize on this trend by investing in research and development to create innovative and appealing yogurt products to meet the evolving demands of the market.

Local special circumstances:
In Brunei Darussalam, the Yogurt Market of the Dairy Products & Eggs Market within The Food market is heavily influenced by the country's large Muslim population. This has led to a significant demand for halal-certified yogurt products, as well as a preference for natural, additive-free options. The small size of the country and its limited agricultural resources also play a role in shaping the market, as most yogurt is imported. Additionally, the government's strict regulations on food safety and labeling also impact the yogurt market, ensuring high-quality products for consumers.

Underlying macroeconomic factors:
The Yogurt Market in Brunei Darussalam is significantly impacted by macroeconomic factors such as consumer spending, inflation rates, and government regulations. The country's stable economic growth and increasing disposable income among consumers have led to a rise in demand for dairy products, including yogurt. Moreover, the government's efforts to promote healthy eating habits and regulate food safety standards have also positively influenced the market. However, the market may face challenges due to fluctuating global economic conditions and potential changes in fiscal policies. Nonetheless, the increasing health consciousness among consumers and growing trend of adopting dairy-based diets are expected to drive the growth of the Yogurt market in Brunei Darussalam.

Methodology

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.

Key Market Indicators

Notes: Based on data from IMF, World Bank, UN and Eurostat

Most recent update: Sep 2024

Source: Statista Market Insights

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