Fruits & Nuts - Brunei Darussalam

Brunei Darussalam

Highlights

Revenue in the Fruits & Nuts market amounts to US$69.94m in 2024. The market is expected to grow annually by 2.27% (CAGR 2024-2029).
In global comparison, most revenue is generated India (US$135bn in 2024).
In relation to total population figures, per person revenues of US$153.40 are generated in 2024.
In the Fruits & Nuts market, volume is expected to amount to 14.71m kg by 2029. The Fruits & Nuts market is expected to show a volume growth of 1.3% in 2025.0.
The average volume per person in the Fruits & Nuts market is expected to amount to 30.5kg in 2024.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Fruits & Nuts Market in Brunei Darussalam is experiencing negligible growth, influenced by limited consumer awareness, a preference for imported products, and fluctuating supply chain issues that hinder the availability of fresh and processed options.

Customer preferences: Consumers in Brunei Darussalam are showing a growing interest in health and wellness, prompting a shift towards organic and locally sourced fruits and nuts. This trend reflects a rising awareness of the nutritional benefits of natural products, driven by younger demographics who prioritize sustainability and health-conscious choices. Additionally, social media influences are fostering a preference for exotic and unique varieties, leading to a gradual increase in demand for premium and specialty offerings in the Fruits & Nuts Market.

Trends in the market: In Brunei Darussalam, the Fruits & Nuts Market is experiencing a notable shift towards organic and locally sourced products, driven by an increasing consumer focus on health and wellness. This trend is particularly prevalent among younger demographics who prioritize sustainability and nutritional benefits. Additionally, social media is amplifying interest in exotic fruit and nut varieties, leading to a rising demand for premium and specialty offerings. For industry stakeholders, this evolution signifies an opportunity to innovate product lines, enhance marketing strategies, and align with consumer preferences for health-conscious and environmentally friendly options.

Local special circumstances: In Brunei Darussalam, the Fruits & Nuts Market is influenced by the nation’s tropical climate, which supports the cultivation of diverse exotic fruits and nuts, creating a unique local offering. Culturally, there is a strong emphasis on traditional foods, fostering a growing interest in preserving local agricultural practices. Furthermore, government regulations encourage sustainable agriculture, enhancing the appeal of organic options. These factors, combined with the rising health consciousness among consumers, drive demand for fresh, locally sourced products, distinguishing Brunei's market from others in the region.

Underlying macroeconomic factors: The Fruits & Nuts Market in Brunei Darussalam is shaped by several macroeconomic factors, including global trade dynamics, national economic performance, and fiscal policies. The country's commitment to diversifying its economy beyond oil and gas has led to increased investment in agriculture, fostering growth in the local food sector. Moreover, fluctuating global commodity prices impact import costs, influencing pricing strategies for fruits and nuts. Additionally, consumer preferences are shifting towards sustainable and organic options, prompting government initiatives that support local producers. This combination of national policies and global economic trends enhances the market's resilience and growth potential.

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.