Eggs - Oman | Statista Market Forecast

The Eggs Market in Oman is seeing minimal growth due to factors such as changing consumer preferences, slow adoption of digital technologies, and limited accessibility to online services. Despite this, the Dairy Products & Eggs Market in Oman continues to show steady growth.

Customer preferences: With an increasing emphasis on health and wellness, consumers in Oman are seeking out alternative protein sources, including eggs. This trend is driven by a growing awareness of health benefits associated with eggs, such as being a good source of protein and essential vitamins. Additionally, consumers are seeking out eggs from organic and free-range sources, in line with the global trend towards sustainable and ethical food choices. This shift towards healthier and more sustainable options is driven by changing cultural attitudes towards food and a growing focus on personal health and well-being.

Trends in the market: In Oman, the Eggs Market of the Dairy Products & Eggs Market within The Food market is experiencing a shift towards organic and free-range eggs. This trend is driven by increasing consumer awareness of the health benefits and ethical considerations of consuming organic and free-range eggs. The trajectory of this trend is expected to continue as consumers become more health-conscious and environmentally aware. This has significant implications for industry stakeholders, as the demand for organic and free-range eggs is expected to increase, leading to potential market opportunities for producers and retailers to tap into the growing demand.

Local special circumstances: In Oman, the Eggs Market of the Dairy Products & Eggs Market within The Food market is heavily influenced by the country's cultural and religious practices. The majority of the population follows Islamic dietary laws, making halal certification a key factor for market success. Additionally, the geographical location and climate of Oman have a significant impact on the production and availability of eggs, with seasonal fluctuations affecting prices and supply. The country's regulations on import and export of eggs also play a crucial role in shaping market dynamics.

Underlying macroeconomic factors: The Eggs Market of the Dairy Products & Eggs Market within The Food market in Oman is heavily influenced by macroeconomic factors such as the country's economic growth, inflation rates, government policies, and trade agreements. With a stable economy and steady growth in the dairy industry, Oman presents a favorable environment for the Eggs Market to thrive. Additionally, investments in healthcare infrastructure and technological advancements have led to an increase in demand for high-quality and nutritious eggs, driving market growth. Moreover, with an increasing focus on healthy eating and the rising awareness of the benefits of eggs, the market is expected to continue its upward trajectory in the coming years.

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.