Oman dairy market to grow at 1.60% CAGR

Muscat: The Oman dairy market is significantly supported by the growth of Oman milk production market, which attained 241 million tons in 2020, growing with a CAGR of 1.60% in the forecast period of 2022-2027, according to expert market Research report.

Oman has witnesses a significant import of diary products over the past few years. Key regional players in the Oman diary market have been trying to flip the scenario by driving the production of dairy products and reduce import. Further, factors like changing dietary patterns, increasing population, and a growing influence of westernization on the dietary patterns of the country is driving the market for daily products. Furthermore, a changing demographic pattern, thanks to the immigration of people from various other areas is also critical to the changing food market of Oman. Growing health awareness and various major industry decisions taken by key players is expected to propel the dairy market of Oman in the forecast period at a health rate, the report said.

The report also said, the demand for daily products is driven by rapid westernization and rising health consciousness, the continuous modernization of the food value chain, and the booming tourism industry are some of the main drivers of Oman’s dairy industry growth. A shift in the dietary patterns of the area is motivated by rising health consciousness and an emerging preference for a westernized diet, predominantly by the growing expatriate population. These trends build a foreign and sustainable food industry that also have a positive impact on the development of the dairy sector in the country. 

The report stated, key industry payers in the Oman Dairy market  such as the Mazoon Dairy Company, the Oman Foodstuff Company, and the modern dairy factory are trying to increase the production of dairy products in the country, thus reducing imports from it, and this is expected to boost the growth of the dairy products market in the country.