Meat - Brunei Darussalam | Statista Market Forecast

Revenue in the Meat market amounts to US$144.70m in 2024. The market is expected to grow annually by 4.12% (CAGR 2024-2029).
In global comparison, most revenue is generated China (US$273bn in 2024).
In relation to total population figures, per person revenues of US$317.40 are generated in 2024.
In the Meat market, volume is expected to amount to 12.01m kg by 2029. The Meat market is expected to show a volume growth of 3.3% in 2025.0.
The average volume per person in the Meat market is expected to amount to 21.9kg in 2024.

Definition:

The Meat market covers animal (both domestic and wild) and non-animal meat that are bought and consumed for nutrient-based purposes.

Structure:

The market consists of 3 different submarkets:

The Fresh Meat market covers meat from both domestic and wild animals that are fresh, chilled, or frozen. This market is divided into five submarkets: beef & veal, pork, mutton & goat, poultry, and other fresh meat.
The Processed Meat market covers all types of meat that has been dried, salted, brined, or smoked. This segment is divided into three subsegments: cold & roast meat products, ham & bacon, sausages.
The Meat Substitutes market covers meat-replacement food items created from vegetarian or vegan components.

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.

Fresh Meat
Processed Meat
Meat Substitutes

Meat-based ready-to-eat meals
Out-of-home consumption

The Meat Market in Brunei Darussalam is experiencing slow growth, influenced by factors such as limited consumer awareness and traditional preferences for fresh meat. However, the increasing availability of processed meat and meat substitutes is driving market growth. Additionally, the convenience of online shopping is also contributing to the overall growth of the Meat Market in Brunei Darussalam.

Customer preferences: In Brunei Darussalam, the Meat Market within The Food market has seen a rise in demand for organic and locally-sourced meats, as consumers become more health-conscious and environmentally aware. This trend is driven by a growing interest in sustainable and natural food options, as well as a desire to support local businesses and reduce carbon footprint. Additionally, there has been an increase in demand for plant-based meats, catering to the growing number of flexitarians and vegans in the country.

Trends in the market: In Brunei Darussalam, the Meat Market within The Food market is experiencing a rise in demand for organic and sustainable meat products. This trend is driven by increasing consumer awareness and interest in ethically-sourced and environmentally-friendly food options. Industry stakeholders are responding by expanding their offerings to include certified organic and locally-sourced meats, as well as implementing sustainable farming practices. This trend is expected to continue as consumers prioritize health and sustainability in their food choices. As a result, there may be potential implications for traditional meat producers who may need to adapt their practices to meet consumer demands. Additionally, there may be opportunities for new players in the market who specialize in organic and sustainable meat production.

Local special circumstances: In Brunei Darussalam, the Meat Market within The Food market is heavily influenced by the country's cultural and religious factors. As a predominantly Muslim country, the market is dominated by halal meats and products. This is due to the strict halal certification process and the demand for halal products among the Muslim population. Additionally, Brunei's small size and limited land for agriculture also play a role in shaping the market, with most meats being imported from neighboring countries. Furthermore, the government's halal certification initiatives and regulations also impact the market dynamics, ensuring the quality and authenticity of halal products.

Underlying macroeconomic factors: The Meat Market within The Food market in Brunei Darussalam is impacted by macroeconomic factors, including global economic trends, national economic health, fiscal policies, and other financial indicators. The market performance is heavily influenced by the country's economic stability and growth, as well as its trade policies and regulations. Moreover, consumer preferences and purchasing power also play a significant role in the market's performance. Countries with strong economic growth and favorable trade policies tend to have a higher demand for meat products, leading to a thriving meat market. On the other hand, regions with economic challenges and strict trade regulations may experience slower market growth. Additionally, factors such as population demographics and income levels also impact the demand for meat products, making it crucial for companies to consider these macroeconomic factors when strategizing for the Meat Market within The Food 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.

This report presents a comprehensive analysis and additional information on the Consumer market, in a PDF format.

In the past, many cultures considered meat a luxury that could only be enjoyed on special occasions or certain days of the week, while today it is a staple that can be found in nearly all restaurants and many kitchens all over the world. The market value of the meat industry is expected to rise from 897.5 billion U.S. dollars in 2021 to over 1.3 trillion dollars by 2027. In 2022, the United States saw the highest revenue from meat products and sausages, over five billion U.S. dollars more than the second largest meat market in the world, Germany with a revenue of over 33.6 billion U.S. dollars. France, Russia, and Mexico are finishing the top five countries with the biggest revenue from processed meats.