Milk Substitutes - Oman

Oman

Highlights

Revenue in the Milk Substitutes market amounts to US$7.62m in 2024. The market is expected to grow annually by 17.14% (CAGR 2024-2029).
In global comparison, most revenue is generated China (US$10bn in 2024).
In relation to total population figures, per person revenues of US$1.62 are generated in 2024.
In the Milk Substitutes market, volume is expected to amount to 4.07m kg by 2029. The Milk Substitutes market is expected to show a volume growth of 17.5% in 2025.0.
The average volume per person in the Milk Substitutes market is expected to amount to 0.4kg in 2024.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureMethodology

The Milk Substitutes Market in Oman is experiencing mild growth, influenced by factors such as increasing health consciousness among consumers and the convenience of online services. This growth is driven by the rising demand for alternative dairy products in The Food market.

Customer preferences: As consumers become more health-conscious, there is a growing demand for plant-based milk substitutes in Oman. This trend is driven by a shift towards healthier and more sustainable food options, as well as a rise in lactose intolerance and vegan diets. Additionally, the increasing availability and variety of non-dairy alternatives, such as almond, soy, and coconut milk, are also contributing to the growth of the milk substitutes market in the country.

Trends in the market: In Oman, the Milk Substitutes Market of the Dairy Products & Eggs Market within The Food market is experiencing a rise in demand for plant-based milk alternatives, such as almond, soy, and coconut milk. This trend is driven by health and environmental concerns, as well as the increasing number of lactose-intolerant individuals. The trajectory of this trend is expected to continue upward, with the market projected to reach a value of $XX million by 2025. This presents opportunities for industry stakeholders to diversify their product offerings and tap into the growing consumer base for milk substitutes. However, it also poses challenges for traditional dairy producers, who may need to adapt their production processes and invest in new technologies to remain competitive in the market. As the demand for milk substitutes increases, there may also be implications for the overall dairy industry, which could see a shift in consumer preferences and purchasing patterns.

Local special circumstances: In Oman, the Milk Substitutes Market of the Dairy Products & Eggs Market within The Food market is heavily influenced by the country's hot climate and religious beliefs. Due to the predominance of Islam, the demand for non-dairy milk substitutes, such as soy, almond, and coconut milk, is high. Additionally, the increasing health consciousness and rise in lactose intolerance among the population have also contributed to the growth of the market. Moreover, the country's focus on promoting sustainable and eco-friendly practices has led to the emergence of local brands offering plant-based milk alternatives.

Underlying macroeconomic factors: The Milk Substitutes Market of the Dairy Products & Eggs Market within The Food market in Oman is heavily influenced by macroeconomic factors. The country's economic health and fiscal policies play a crucial role in shaping the market's performance. Additionally, global economic trends, such as changes in consumer spending and trade policies, also have a significant impact on the market. Furthermore, investments in the dairy industry, technological advancements, and changing consumer preferences are driving the growth of the Milk Substitutes Market in Oman. The increasing health consciousness and the growing demand for plant-based alternatives are also contributing to the market's expansion. Moreover, the government's initiatives to promote healthy eating habits and sustainable food production are expected to further drive the growth of the Milk Substitutes Market 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.