Meat Substitutes - Oman

Oman

Highlights

Revenue in the Meat Substitutes market amounts to US$6.45m in 2024. The market is expected to grow annually by 12.41% (CAGR 2024-2029).
In global comparison, most revenue is generated China (US$2bn in 2024).
In relation to total population figures, per person revenues of US$1.37 are generated in 2024.
In the Meat Substitutes market, volume is expected to amount to 293.70k kg by 2029. The Meat Substitutes market is expected to show a volume growth of 14.5% in 2025.0.
The average volume per person in the Meat Substitutes market is expected to amount to 0.0kg in 2024.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureMethodology

The Meat Substitutes Market in Oman has been experiencing moderate growth, influenced by factors such as consumer demand for healthier options and convenience of plant-based alternatives. However, the market's growth rate remains subdued due to traditional preferences for meat products and limited availability of substitutes.

Customer preferences: As consumers become more health-conscious, they are also showing a growing interest in plant-based diets and meat alternatives. This trend is driven by a combination of factors, including concerns about animal welfare, sustainability, and health. Additionally, the younger generation is more open to trying new and innovative food options, leading to the rise of plant-based meat substitutes in the Meat Market within The Food market. As a result, companies are investing in research and development to create more realistic and appealing plant-based alternatives to traditional meat products.

Trends in the market: In Oman, the Meat Substitutes Market is experiencing growth due to the increasing popularity of plant-based diets and concerns about the environmental impact of meat production. This trend is expected to continue as consumers become more health-conscious and environmentally aware. As a result, there is a growing demand for alternative protein sources, such as soy, tofu, and legumes. This presents opportunities for industry stakeholders to diversify their product offerings and tap into a growing market segment. Additionally, there is a potential for partnerships and collaborations between meat producers and plant-based companies to meet the changing consumer preferences.

Local special circumstances: In Oman, the Meat Substitutes Market within the Meat Market of The Food market is influenced by the country's strong cultural and religious beliefs, which promote a vegetarian diet. This has led to a growing demand for plant-based meat alternatives, such as tofu, tempeh, and seitan. Additionally, the government's efforts towards promoting a healthier lifestyle and reducing carbon footprint have also contributed to the growth of this market. Furthermore, the geographical location of Oman, surrounded by the sea, has led to a strong seafood culture, making seafood substitutes a popular choice among consumers in the country.

Underlying macroeconomic factors: The Meat Substitutes Market of the Meat Market within The Food market in Oman is heavily influenced by macroeconomic factors such as consumer purchasing power, government policies, and international trade agreements. As the economy of Oman continues to grow and diversify, consumers are increasingly able to afford alternative protein sources. Additionally, the government has implemented policies to promote healthy and sustainable food options, which has led to an increase in demand for meat substitutes. Furthermore, Oman's participation in international trade agreements has opened up opportunities for the import and export of meat substitutes, further driving market growth.

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.