Market Forecast By Product Types (Instant Breakfast/Cereals, Instant Soups and Snacks, Ready Meals , Baked Goods, Meat Products & Others), By Distribution Channels (Hypermarkets/Supermarkets, Online Retail Stores , Convenience Stores & Others) and competitive landscape
Product Code: ETC003376 | Publication Date: Aug 2020 | Updated Date: Sep 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Oman Ready To Eat Food market currently, in 2023, has witnessed an HHI of 2103, Which has decreased slightly as compared to the HHI of 6736 in 2017. The market is moving towards moderately competitive. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
Report Name | Oman Ready To Eat Food Market |
Forecast period | 2024-2030 |
CAGR | 7% |
Growing Sector | Retail |
The Oman Ready To Eat Food Market report thoroughly covers the market by Product and Distribution Channels. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
The Oman Ready To Eat Food Market has witnessed growth in the past years. The market is expected to grow significantly during the forecast period 2024 – 2030. The growth is due to numerous factors such as busy lifestyles, the growing economy, the tourism industry, government initiatives, and the growth of online platforms.
According to 6Wresearch, the Oman Ready To Eat Food Market size is expected to grow at a significant CAGR of 7% during 2024-2030. The main driver of the ready-to-eat food market in Oman is the busy lifestyle of the consumers. The growing economy of the country led to a rise in the disposable income of the people. This has resulted in consumers being more inclined towards purchasing premium quality ready-to-eat food products. The rise of the tourism industry led to an influx of international tourists each year. As a result, the demand for ready-to-eat food products that cater to different palates and dietary preferences is on the rise in the country. With the growth of modern retail outlets and online shopping platforms in Oman, ready-to-eat food products are becoming more accessible to consumers.
One of the biggest challenges faced by the ready-to-eat food market in Oman is health concerns. The distribution infrastructure in Oman is still developing, making it challenging for ready-to-eat food manufacturers to reach remote areas efficiently.
Some of the key players in the Oman ready-to-eat food market include Dhofar Poultry Company, Ahmed Foods, Al Kabeer Group, Americana Group, and Nestle SA. These companies have a presence in Oman and offer a wide range of ready-to-eat food products to cater to the diverse taste preferences of the Omani population. They are constantly innovating and introducing new products to meet the growing demand for convenient, easy-to-prepare meals.
One major initiative is the establishment of food safety regulations by the Public Authority for Consumer Protection (PACP). These regulations set standards for labelling, packaging, and storage of ready-to-eat foods, ensuring that they are safe for consumption. Another important step taken by the government is promoting entrepreneurship in the food industry through various programs and incentives. Additionally, the Ministry of Agriculture, Fisheries and Water Resources has launched projects to increase domestic production of key ingredients and raw materials for ready-to-eat foods. Furthermore, the government is also investing in research and technology to improve food preservation techniques and develop new products.
The Oman Ready To Eat Food Market is expected to continue its growth trajectory in the coming years. Factors such as increasing urbanization, rising disposable incomes, and changing consumer preferences towards convenient and healthy food options are expected to drive market demand. The growing tourism industry in Oman is also expected to contribute to the market growth, as tourists often seek quick and hassle-free meal options during their travels. With advancements in technology, there has been a rise in the availability of innovative ready to eat food products with extended shelf life, further boosting market growth.
According to Ravi Bhandari, Research Head, 6Wresearch, the Ready Meals segment is expected to witness significant growth in the Oman ready-to-eat food market. This can be attributed to factors such as the busy lifestyles of consumers and increasing demand for convenient and easy-to-prepare meals.
In terms of distribution channels, hypermarkets/supermarkets are dominating the market due to their wide availability and variety of products offered.
The report provides a detailed analysis of the following market segments:
1. Executive Summary |
2. Introduction |
2.1. Report Description |
2.2. Key Highlights of The Report |
2.3. Market Scope & Segmentation |
2.4. Research Methodology |
2.5. Assumptions |
3. Oman Ready to Eat Food Market Overview |
3.1. Oman Ready to Eat Food Market Revenues, 2020-2030F |
3.2. Oman Ready to Eat Food Market Revenue Share, By Product Types, 2020 & 2030F |
3.3. Oman Ready to Eat Food Market Revenue Share, By Distribution Channels, 2020 & 2030F |
3.4. Oman Ready to Eat Food Market Revenue Share, By Countries, 2020 & 2030F |
3.5. Oman Ready to Eat Food Market Industry Life Cycle |
3.6. Oman Ready to Eat Food Market- Porter’s Five Forces |
4. Oman Ready to Eat Food Market Dynamics |
4.1. Impact Analysis |
4.2. Market Drivers |
4.3. Market Restraints |
5. Oman Ready to Eat Food Market Trends |
6. Oman Ready to Eat Food Market Overview, By Product Types |
6.1. Oman Ready to Eat Food Market Revenues, By Instant Breakfast/Cereals, 2020-2030F |
6.2. Oman Ready to Eat Food Market Revenues, By Instant Soups and Snacks, 2020-2030F |
6.3. Oman Ready to Eat Food Market Revenues, By Ready Meals, 2020-2030F |
6.4. Oman Ready to Eat Food Market Revenues, By Baked Goods, 2020-2030F |
6.5. Oman Ready to Eat Food Market Revenues, By Others, 2020-2030F |
6.6. Oman Ready to Eat Food Market Revenues, By Meat Products, 2020-2030F |
7. Oman Ready to Eat Food Market Overview, By Distribution Channels |
7.1. Oman Ready to Eat Food Market Revenues, By Online Retailers, 2020-2030F |
7.2. Oman Ready to Eat Food Market Revenues, By Convinieince Stores, 2020-2030F |
7.3. Oman Ready to Eat Food Market Revenues, By Hypermarkets/Supermarkets, 2020-2030F |
7.4. Oman Ready to Eat Food Market Revenues, By Others, 2020-2030F |
8. Oman Ready to Eat Food Market Overview, By Region |
8.1. Oman Ready to Eat Food Market Revenues, By Region, 2020-2030F |
8.2. Oman Ready to Eat Food Market Volume, By Region, 2020-2030F |
9. Oman Ready to Eat Food Market Key Performance Indicators |
10. Oman Ready to Eat Food Market Opportunity Assessment |
10.1. Oman Ready to Eat Food Market, Opportunity Assessment, By Product Types, 2030F |
10.2. Oman Ready to Eat Food Market, Opportunity Assessment, By Region, 2030F |
11. Oman Ready to Eat Food Market Competitive Landscape |
11.1. Oman Ready to Eat Food Market Competitive Benchmarking, By Product |
11.2. Oman Ready to Eat Food Market Revenue Share, By Company, 2023 |
12. Company Profiles |
13. Key Strategic Recommendations |
14. Disclaimer |