Market Assessment for Hydroponics & Aquaponics, Fisheries & Aquaculture, Food Processing and Hospitality Market in Sultanate of Oman

Market Assessment for Hydroponics & Aquaponics, Fisheries & Aquaculture, Food Processing and Hospitality Market in Sultanate of Oman

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  • The Government of the Sultanate of Oman has been developing several initiatives to accelerate the fisheries and food processing industries. There are several ongoing projects that are expected to increase self-reliance accordance to Oman Vision 2040
  • Backed by the government’s stimulating initiatives and by the 3,165 km coastal line overlooking the Arabian Sea, the Sea of Oman and the Arabian Gulf, Oman’s F&A production from capture evolved from 280,000 tons in 2016 to 913,000 tons in 2021E.
  • Hydroponic sector is gaining the momentum in GCC due to high focus on food security and UAE is leading the way. UAE is adopting hydroponics and vertical farming at a significant scale. It is estimated that 1,000 hydroponic farms (small and large) exist in UAE. Oman is a net importer of the green leafy vegetables. Given Oman’s harsh climate and depleting natural water resources (unfavourable for leafy greens), it can effectively use hydroponic/aquaponics methods to boost leafy green vegetables production and increase self-sufficiency.
  • Total food consumption in the Sultanate grew at an annualized rate of 6.6% between 2014 and 2019, reaching 4.3 million MT in 2019. Although cereals remained the largest consumed food category in the country with a share of 26.8%, it recorded the slowest annualized growth rate at 1.3% between 2014 and 2019
  • Oman’s hospitality industry is estimated to reach US$ 0.7 billion in 2022, recording a y-o-y growth of 90.9%, the fastest in the region. This can be primarily attributed to an estimated 49.5% y-o-y growth in tourist arrivals during the year and lower base of 2021 as the Sultanate continues to recover from the pandemic.

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The Sultanate of Oman, with its rich cultural heritage and diverse natural landscapes, has been increasingly making its mark on the global stage, not only as a tourist destination but also as a hub for innovation and development in various sectors. In recent years, Oman’s food industry has witnessed significant growth and diversification, driven by advancements in technology, sustainability initiatives, and a growing focus on meeting the demands of a rapidly evolving market. In this blog post, we explore key sectors within Oman’s food industry, including hydroponics, aquaponics, fisheries, aquaculture, food processing, and hospitality.

Hydroponics and Aquaponics:

Oman’s arid climate presents challenges for traditional agriculture, prompting the adoption of innovative farming methods such as hydroponics and aquaponics. Hydroponic systems, which involve growing plants without soil by using nutrient-rich water solutions, and aquaponic systems, which combine aquaculture (fish farming) with hydroponics, have gained traction in Oman due to their water-saving capabilities and high yield potential. These sustainable farming practices not only mitigate water scarcity issues but also contribute to the availability of fresh produce year-round, enhancing food security in the region.

Fisheries and Aquaculture:

With its extensive coastline along the Arabian Sea and the Gulf of Oman, Oman boasts abundant marine resources that form the backbone of its fisheries and aquaculture sectors. The country’s fisheries industry, encompassing both traditional fishing practices and modern commercial fishing operations, plays a crucial role in supplying fresh seafood to local markets and supporting livelihoods in coastal communities. Additionally, Oman has been investing in aquaculture initiatives to meet the growing demand for fish and seafood products, leveraging its favorable marine environment and advanced aquaculture technologies to sustainably cultivate a diverse range of species.

Food Processing:

Oman’s food processing industry plays a vital role in adding value to agricultural produce, enhancing shelf life, and meeting consumer preferences for convenience and quality. The country’s strategic location at the crossroads of global trade routes makes it an ideal hub for food processing and distribution, facilitating the export of processed food products to regional and international markets. From traditional Omani delicacies to globally inspired packaged foods, Oman’s food processing sector encompasses a wide range of products tailored to diverse consumer tastes and preferences.

Hospitality:

Oman’s burgeoning hospitality sector reflects the country’s commitment to providing world-class amenities and services to both residents and visitors. With a focus on luxury and sustainability, Oman’s hospitality industry encompasses a diverse array of hotels, resorts, restaurants, and culinary experiences that showcase the country’s rich cultural heritage and natural beauty. From traditional Omani cuisine to international gastronomic delights, Oman’s hospitality sector offers a unique fusion of flavors and experiences that cater to the diverse preferences of guests from around the world.

As Oman continues to prioritize innovation, sustainability, and economic diversification, its food industry stands poised for further growth and development across various sectors including hydroponics, aquaponics, fisheries, aquaculture, food processing, and hospitality. By leveraging its natural resources, investing in technology and infrastructure, and fostering collaboration between government agencies, private enterprises, and research institutions, Oman aims to enhance food security, promote economic prosperity, and position itself as a leading player in the global food industry landscape. With a blend of tradition and innovation, Oman’s thriving food industry reflects the country’s commitment to embracing the future while preserving its rich cultural heritage and natural resources.

Table of Contents:

Market Assessment on Sectors

  • Overview of the Hydroponics/Aquaponics market in Oman — high-level product coverage, demand, trade and players
  • Overview of the Fisheries and Aquaculture market in Oman — high-level product coverage, demand, trade and players
  • Overview of the Food Processing market in Oman — high-level product coverage, demand, trade and players
  • Overview of the hospitality overview in Oman — high-level hotel market overview in Oman and Sohar region, demand,
  • Demand drivers in the Country

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