Market Forecast By Product Types (Instant Breakfast/Cereals, Instant Soups and Snacks, Ready Meals , Baked Goods, Meat Products & Others), By Distribution Channels (Hypermarkets/Supermarkets, Online Retail Stores , Convenience Stores & Others) and competitive landscape
Product Code: ETC003376 | Publication Date: Aug 2020 | Updated Date: Aug 2023 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Oman Ready to Eat Food Market registered a decline of -31.65% in value shipments in 2021 as compared to 2020 and a decrease of -22.84% CAGR in 2021 over a period of 2017. In Ready to Eat Food Market Oman is becoming more competitive as the HHI index in 2021 was 2810 while in 2017 it was 6736. Herfindahl Index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means less numbers of players or countries exporting in the market.
Oman has reportedly relied more on imports to meet its growing demand in Ready to Eat Food Market. India is shifting towards local production to meet its demand as we see the trend is shifting towards reducing imports. The import factor of Ready to Eat Food Market in 2021 was 6.99 while in 2017 it was 608.15. United Arab Emirates (UAE), Malaysia, India, USA and Sri Lanka were among the top players of the market in 2021, where United Arab Emirates (UAE) acquired the largest market share of 37.51% with a shipment value of 0.33 million USD in 2022 United Arab Emirates (UAE) also offered the product above the average market price, but remained at the leadership position indicating the trust it holds in the Ready to Eat Food Market. In 2017 Saudi Arabia had the largest market share of 81.03% with the shipment value of 3.77 million USD. The country was offering its product with an average price which is higher than the average market price offered in the country. Although Saudi Arabia offers its product above the market average price, it remained at the leadership position indicating the brand value it holds in the Oman Ready to Eat Food Market in 2017.
Oman Ready to Eat Food Market is anticipated to register potential growth projections during the forecast period 2020-26F on the back of growing population and economic growth in the country coupled with rising convenience needs of the consumers along with changing lifestyles of the natives. The rising needs for dietary fibers and need to inculcate the necessary nutrients to ensure a proper diet along with increasing demand for less time-consuming cooking formats. Changing lifestyles of the people of the country along with a rising preference for premium foods and enhancing tastes and preferences of the consumers is expected to drive potential revenues for the ready to eat food market in the country in the coming years.
According to 6Wresearch, Oman Ready to Eat Food Market is anticipated to witness growth during the forecast period 2020-26F. The spread of COVID-19 has impacted the market growth of Oman ready to eat food market backed by the disturbances in the import of certain ingredients used for the preparation of ready to eat foodstuffs along with the disruptions in the production activities across the country to contain the spread of the virus. However, increased hygiene concerns have propelled the sales of ready to eat foodstuffs along with the need for shelf piling of products. Also, by the end of the year 2020, as the COVID-19 virus marks slowdown, Oman ready to eat food market is expected to register a promising growth.
On the basis of distribution channels, hypermarkets/supermarkets are expected to register the highest growth rate in the overall Oman Ready to Eat Food market during the projected period owing to rising preferences of the consumers towards purchasing the food physically present coupled with ease of shopping along with rebates and product offerings provided by the hyper stores. Further, on the basis of types, canned and frozen beef are anticipated to dominate the revenues in the overall Oman Ready to Eat Food market in the coming years owing to concerns regarding consumption of hygienic food.
The Oman Ready to Eat Food report thoroughly covers the market by Product Types, and by Distribution Channels. Oman Ready to Eat Food outlook report provides an unbiased and detailed analysis of the on-going Oman Ready to Eat Food trends, opportunities/high growth areas and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Key Highlights of the Report:
Markets Covered
The Oman Ready to Eat Food Market report provides a detailed analysis of the following market segments:
1. Executive Summary |
2. Introduction |
2.1. Report Description |
2.2. Key Highlights of The Report |
2.3. Market Scope & Segmentation |
2.4. Research Methodology |
2.5. Assumptions |
3. Oman Ready to Eat Food Market Overview |
3.1. Oman Ready to Eat Food Market Revenues, 2016-2026F |
3.2. Oman Ready to Eat Food Market Revenue Share, By Product Types, 2019 & 2026F |
3.3. Oman Ready to Eat Food Market Revenue Share, By Distribution Channels, 2019 & 2026F |
3.4. Oman Ready to Eat Food Market Revenue Share, By Countries, 2019 & 2026F |
3.5. Oman Ready to Eat Food Market Industry Life Cycle |
3.6. Oman Ready to Eat Food Market- Porter’s Five Forces |
4. Oman Ready to Eat Food Market Dynamics |
4.1. Impact Analysis |
4.2. Market Drivers |
4.3. Market Restraints |
5. Oman Ready to Eat Food Market Trends |
6. Oman Ready to Eat Food Market Overview, By Product Types |
6.1. Oman Ready to Eat Food Market Revenues, By Instant Breakfast/Cereals, 2016-2026F |
6.2. Oman Ready to Eat Food Market Revenues, By Instant Soups and Snacks, 2016-2026F |
6.3. Oman Ready to Eat Food Market Revenues, By Ready Meals, 2016-2026F |
6.4. Oman Ready to Eat Food Market Revenues, By Baked Goods, 2016-2026F |
6.5. Oman Ready to Eat Food Market Revenues, By Others, 2016-2026F |
6.6. Oman Ready to Eat Food Market Revenues, By Meat Products, 2016-2026F |
7. Oman Ready to Eat Food Market Overview, By Distribution Channels |
7.1. Oman Ready to Eat Food Market Revenues, By Online Retailers, 2016-2026F |
7.2. Oman Ready to Eat Food Market Revenues, By Convinieince Stores, 2016-2026F |
7.3. Oman Ready to Eat Food Market Revenues, By Hypermarkets/Supermarkets, 2016-2026F |
7.4. Oman Ready to Eat Food Market Revenues, By Others, 2016-2026F |
8. Oman Ready to Eat Food Market Overview, By Region |
8.1. Oman Ready to Eat Food Market Revenues, By Region, 2016-2026F |
8.2. Oman Ready to Eat Food Market Volume, By Region, 2016-2026F |
9. Oman Ready to Eat Food Market Key Performance Indicators |
10. Oman Ready to Eat Food Market Opportunity Assessment |
10.1. Oman Ready to Eat Food Market, Opportunity Assessment, By Product Types, 2025F |
10.2. Oman Ready to Eat Food Market, Opportunity Assessment, By Region, 2025F |
11. Oman Ready to Eat Food Market Competitive Landscape |
11.1. Oman Ready to Eat Food Market Competitive Benchmarking, By Product |
11.2. Oman Ready to Eat Food Market Revenue Share, By Company, 2019 |
12. Company Profiles |
13. Key Strategic Recommendations |
14. Disclaimer |