Pet Food - Brunei Darussalam | Statista Market Forecast

Revenue in the Pet Food market amounts to US$5.27m in 2024. The market is expected to grow annually by 4.97% (CAGR 2024-2029).
In global comparison, most revenue is generated United States (US$60bn in 2024).
In relation to total population figures, per person revenues of US$11.55 are generated in 2024.
In the Pet Food market, volume is expected to amount to 2.52m kg by 2029. The Pet Food market is expected to show a volume growth of 4.1% in 2025.0.
The average volume per person in the Pet Food market is expected to amount to 4.6kg in 2024.

Definition:

The Pet Food market covers food that has been specifically created to meet the nutritional requirements of domesticated animals, including dogs, cats, as well as feed products for other less common house pets such as rodents and reptiles. Various components that supply vital nutrients for the animal’s health and wellness are often included in pet food.

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.

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Dog food
Cat food
Food for other house pets (rodents, reptiles, birds etc)

Feeds for farm animals
Pet supplement
Out-of-home consumption

The Pet Food Market in Brunei Darussalam is slowly growing due to minimal growth rate. Factors such as shift towards organic and natural pet food, increasing pet ownership, and rising disposable income are impacting this growth rate.

Customer preferences: Consumers in Brunei Darussalam are becoming more conscious about their pets' health and wellness, leading to a rise in demand for natural and organic pet food products. This trend is driven by the growing awareness about the harmful effects of processed pet food and the desire to provide their furry companions with a high-quality diet. Additionally, with the increasing number of pet owners in the country, there is a growing preference for premium and specialized pet food options to meet the specific needs of different breeds.

Trends in the market: In Brunei Darussalam and the Pet Food Market within The Food market, there is a growing trend of premiumization, with pet owners increasingly seeking out high-quality, natural and organic pet food products. This trend aligns with the overall consumer shift towards healthier and more sustainable food choices. Additionally, there is a rise in demand for personalized and customized pet food options, as owners look for products tailored to their pet's specific dietary needs and preferences. This trend presents opportunities for industry stakeholders to innovate and differentiate their products, while also highlighting the importance of transparency and clear labeling for consumers. As the pet food market continues to evolve, it is crucial for companies to stay ahead of these trends in order to remain competitive and meet the changing demands of pet owners.

Local special circumstances: In Brunei Darussalam, the Pet Food Market is primarily influenced by cultural factors. The country has a Muslim majority population, and as a result, there is a strong demand for halal pet food products. This has led to the emergence of local halal pet food brands and the import of halal products from neighboring countries. Additionally, the small size of the country and its limited land area also play a role in the market dynamics, as it affects the availability and pricing of raw materials used in pet food production. Furthermore, the government's strict regulations on import and distribution of pet food also impact the market, leading to a preference for local brands.

Underlying macroeconomic factors: The Pet Food Market in Brunei Darussalam is heavily influenced by macroeconomic factors such as consumer spending patterns, trade policies, and government regulations. As a small country heavily dependent on oil and gas exports, Brunei's economic health is closely tied to global oil prices. Fluctuations in oil prices can impact consumer spending, which in turn affects the demand for pet food products. Additionally, government policies such as import tariffs and regulations on pet food ingredients can also impact market performance. Furthermore, the growing trend of pet humanization in the region and increasing disposable incomes are expected to drive the demand for premium and specialized pet food products, leading to 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.

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