Key regions: Russia, China, Spain, Canada, United Kingdom
The Meat Market in Oman has been experiencing slow growth, largely influenced by factors such as increasing health consciousness among consumers and the convenience of online meat shopping. The sub-markets of Fresh Meat, Processed Meat, and Meat Substitutes also play a role in shaping the overall market. However, the market's growth rate remains negligible, possibly due to challenges in sourcing high-quality meat and concerns over food safety and sustainability.
Customer preferences: As consumers in Oman become more health-conscious and environmentally aware, there has been a noticeable shift towards sustainable and ethical meat options in the Meat Market. This trend is driven by cultural values that prioritize responsible consumption and animal welfare. Additionally, the rise of flexitarian and plant-based diets among younger generations is challenging traditional meat consumption patterns and driving the demand for alternative protein sources.
Trends in the market: In Oman, the Meat Market within The Food market is experiencing a shift towards healthier and more sustainable options. There is a growing demand for organic and locally sourced meat products, as well as a rise in plant-based alternatives. This trend is driven by increasing consumer awareness of the environmental and health impacts of meat consumption. It also presents opportunities for industry stakeholders to adapt and innovate in order to cater to this changing market. With the government's initiatives to promote sustainable agriculture and healthy eating, the meat market is expected to continue its trajectory towards more sustainable and ethical practices. This will likely have a positive impact on the overall food market in Oman, promoting a more diverse and sustainable food system.
Local special circumstances: In Oman, the Meat Market within The Food market is influenced by the country's cultural and religious practices, as the majority of the population is Muslim and follows strict halal dietary regulations. This has led to the development of a specialized halal meat market, catering to the local demand for halal-certified products. Additionally, Oman's geographical location and limited agricultural resources have resulted in a high dependence on imported meat products, making the market vulnerable to fluctuations in global meat prices. These unique factors contribute to the dynamics of the Meat Market in Oman, setting it apart from other markets in the region.
Underlying macroeconomic factors: The Meat Market within The Food market in Oman is greatly impacted by macroeconomic factors such as economic stability, consumer purchasing power, and government policies. The country's strong economic growth and favorable investment climate have led to an increase in disposable income and consumer spending, thereby driving demand for meat products. Additionally, the government's focus on promoting domestic food production and reducing reliance on imports has further bolstered the growth of the meat market. However, fluctuations in global commodity prices and geopolitical tensions could potentially affect market performance in the future.
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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