Nuts - Brunei Darussalam | Statista Market Forecast

Revenue in the Nuts market amounts to US$10.02m in 2024. The market is expected to grow annually by 2.61% (CAGR 2024-2029).
In global comparison, most revenue is generated United States (US$11bn in 2024).
In relation to total population figures, per person revenues of US$21.98 are generated in 2024.
In the Nuts market, volume is expected to amount to 1.43m kg by 2029. The Nuts market is expected to show a volume growth of 2.1% in 2025.0.
The average volume per person in the Nuts market is expected to amount to 2.9kg in 2024.

Definition:

The Nuts market covers edible nuts both shelled and unshelled. Nuts are classified as dry, single-seeded fruits that contain a lot of oil. Some examples include almonds, peanuts, walnuts, hazelnuts, and pistachios.

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.

Almonds
Peanuts
Walnuts
Hazelnuts
Other nuts
Nut snack packs without other ingredients
Whole nuts in the shell, shelled nuts Nuts
Raw nut, roasted nuts
Salted and unsalted nuts, flavored nuts

Nut and seed mixes (e.g. trail mix)
Out-of-home consumption

The Nuts Market in Brunei Darussalam is seeing minimal growth due to factors such as limited consumer awareness and the dominance of traditional markets. The slow growth rate is impacted by a lack of innovation and competition.

Customer preferences: The Nuts Market within the Fruits & Nuts Market is witnessing a growing demand for organic and sustainably sourced nuts, as consumers become more health and environmentally conscious. With a rise in health-consciousness and awareness about the benefits of plant-based diets, there is a surge in demand for plant-based protein sources, including nuts. This trend is also influenced by the growing popularity of vegan and vegetarian diets, as well as the increasing prevalence of food allergies and intolerances.

Trends in the market: In Brunei Darussalam, the Nuts Market within the Fruits & Nuts Market of The Food market is experiencing a surge in demand for organic and sustainably sourced nuts. Consumers are increasingly health-conscious and are seeking out natural and nutritious options. This trend is expected to continue, with industry analysts predicting a steady growth in the demand for organic nuts. This could have a significant impact on industry stakeholders, as it may require them to adapt their production and sourcing practices to meet the growing demand for organic and sustainable products. Additionally, there is a growing trend of using e-commerce platforms to purchase nuts, providing a convenient and accessible way for consumers to purchase their preferred varieties. This shift towards online shopping is likely to continue, providing new opportunities for industry players to reach a wider market and enhance their sales.

Local special circumstances: In Brunei Darussalam, the Nuts Market of the Fruits & Nuts Market within The Food market is heavily influenced by the country's rich agricultural landscape and strong Islamic culture. The demand for nuts is also driven by the country's religious practices, as nuts are commonly used in traditional dishes and consumed during special occasions. Additionally, the government's strict regulations on imported food products have created a high demand for locally grown nuts, making it a lucrative market for domestic producers.

Underlying macroeconomic factors: The nuts market of the fruits & nuts market within The Food market in Brunei Darussalam is also heavily influenced by macroeconomic factors. The country's stable economic growth, supported by its abundant natural resources and strong fiscal policies, has created a favorable market environment for the nuts industry. Moreover, the increasing demand for healthy and nutritious food products, driven by growing consumer awareness and changing dietary preferences, has boosted the consumption of nuts in the country. Furthermore, the government's focus on promoting sustainable agricultural practices and investing in modern farming technologies has resulted in higher productivity and quality of nuts, thus driving 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.