Key regions: Canada, South Korea, United Kingdom, Japan, Philippines
The Cheese Substitutes Market in Oman is experiencing subdued growth due to factors such as slow adoption of digital technologies and low health awareness among consumers. However, convenience offered by online services is driving some growth in this market within the Dairy Products & Eggs Market of The Food market in Oman.
Customer preferences: As consumers become more health-conscious and environmentally aware, there has been a growing demand for plant-based alternatives to traditional dairy products. This trend has led to the rise of the cheese substitutes market in Oman, with options such as nut-based and soy-based cheeses gaining popularity. The shift towards these alternatives is also influenced by the increasing number of individuals following vegetarian or vegan diets, as well as concerns over animal welfare and sustainability.
Trends in the market: In Oman, the Cheese Substitutes Market within the Dairy Products & Eggs Market is seeing a rise in demand for plant-based alternatives to traditional dairy products. This trend is driven by a growing awareness of health and environmental benefits, as well as a rise in lactose intolerance and veganism. As a result, industry players are investing in research and development to improve the taste and texture of these substitutes, while also expanding their product lines to cater to different dietary needs. This trend is expected to continue, with the potential to disrupt the traditional dairy market and create new opportunities for industry stakeholders.
Local special circumstances: In Oman, the Cheese Substitutes Market of the Dairy Products & Eggs Market within The Food market is influenced by the country's cultural and religious preferences. As a predominantly Muslim country, the market is driven by the demand for Halal-certified products. Additionally, the hot climate and limited availability of dairy farms have led to a preference for plant-based cheese substitutes. This has resulted in the emergence of local brands using traditional Omani ingredients and flavors, catering to the unique tastes of the Omani population.
Underlying macroeconomic factors: The Cheese Substitutes Market of the Dairy Products & Eggs Market within The Food market is greatly impacted by various macroeconomic factors in Oman. The country's stable economic growth, favorable regulatory environment, and increasing investment in food technology have contributed to the growth of the market. Additionally, the rising health consciousness among consumers and the growing demand for healthier food options have also positively influenced the market. Furthermore, the government's initiatives to promote dairy alternatives and reduce the consumption of dairy products due to health concerns have further boosted the demand for cheese substitutes in Oman.
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.
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