Fresh Seafood - Oman

Oman

Highlights

Revenue in the Fresh Seafood market amounts to US$88.06m in 2024. The market is expected to grow annually by 5.00% (CAGR 2024-2029).
In global comparison, most revenue is generated United States (US$12bn in 2024).
In relation to total population figures, per person revenues of US$18.68 are generated in 2024.
In the Fresh Seafood market, volume is expected to amount to 3.00m kg by 2029. The Fresh Seafood market is expected to show a volume growth of 4.4% in 2025.0.
The average volume per person in the Fresh Seafood market is expected to amount to 0.6kg in 2024.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureMethodology

The Fresh Seafood Market in Oman is experiencing minimal growth, impacted by factors such as limited supply, high prices, and competition from other food markets. Despite this, the market is still popular among consumers due to the freshness and unique taste of seafood.

Customer preferences: In Oman, there has been a growing trend towards sustainable and environmentally-friendly consumption, especially in the Fresh Seafood Market of the Fish & Seafood Market within The Food market. This shift is driven by an increasing awareness of the impact of overfishing and the importance of preserving marine life. As a result, consumers are placing a higher value on responsibly-sourced seafood and are willing to pay a premium for it. This trend is also influenced by the cultural significance of seafood in Omani cuisine and the importance placed on traditional fishing methods.

Trends in the market: In Oman, the current trend in the Fresh Seafood Market of the Fish & Seafood Market within The Food market is a shift towards sustainable seafood options. This is driven by increasing consumer awareness and demand for ethically-sourced seafood, as well as government initiatives promoting sustainable fishing practices. This trend is expected to continue, with stakeholders in the industry investing in sustainable sourcing and certification programs. As a result, the market is likely to see an increase in the availability of sustainable seafood options and a shift towards more responsible consumption habits among consumers. This trend also presents opportunities for companies to differentiate themselves and attract environmentally-conscious consumers.

Local special circumstances: In Oman, the Fresh Seafood Market of the Fish & Seafood Market within The Food market is heavily influenced by the country's rich fishing heritage and its coastal location. The market is also affected by cultural preferences, as seafood is a staple in Omani cuisine. Additionally, the government's regulations regarding fishing and seafood production play a crucial role in market dynamics. These factors contribute to a unique market that differs from other seafood markets in the region.

Underlying macroeconomic factors: The Fresh Seafood Market of the Fish & Seafood Market within The Food market is heavily influenced by macroeconomic factors such as global economic trends, national economic health, fiscal policies, and other financial indicators. Countries with strong economic growth and stable fiscal policies tend to have a higher demand for fresh seafood, as consumers have more disposable income to spend on premium products. Additionally, global economic trends can impact the availability and pricing of seafood, as fluctuations in currency exchange rates and supply chain disruptions can affect import and export of seafood products. Furthermore, government policies and regulations related to fishing and aquaculture can also have a significant impact on the supply and pricing of fresh seafood.

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.