(MENAFN- Ameliorate Solutions) The Oman Fisheries and Aquaculture Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies. We analyzed the impact of COVID-19 (Corona Virus) on the product industry chain based on the upstream and downstream markets, on various regions and major countries and on the future development of the industry are pointed out.

Oman is one of the largest fish producers in the GCC region and a net exporter of fish and fish products, fisheries, and aquaculture sector is the most important and oldest sector in Oman registering a CAGR of 5.2% growth during the forecast period. According to Oman Aquaculture Development Company (OADC), under its national food security program, plans to double production from about 200,000 tons in 2016 to 480,000 tons in 2020. The Ministry for Agriculture and Fisheries is focusing on increasing aquaculture production to 2,20,000 metric tons, with a value of USD 883 million by 2030. Oman's environmental advantage provides a high potential for the development of aquaculture and there is a strong commitment from the government to develop this sector in a competitive and sustainable manner in harmony with the social, economic, cultural, and historic values of the country.

Click the link to get a Sample Copy of the Report:

[To enable links contact MENAFN] & Mode=12

Key Market Trends

Increasing Fish Capture In The Region

Oman's Ministry of Agriculture and Fisheries is making large-scale investments valued at USD 1.0 billion across 15,000 hectares of land for the development of the aquaculture sector. According to FAO, The fish capture in 2018 accounted for 44,207.00 tonnes up from 26,677.00 tonnes in 2016, significantly explicating the increased capture to meet the increased demand in the domestic as well as international market. Ministry of Agriculture & Fisheries Wealth (MAFW), in partnership with Oman's Sovereign Wealth Fund, Oman Investment Fund (OIF), formed the Oman Aquaculture Development Company (OADC) in 2016 with the main objective of Commercially investing & developing Oman's fish aquaculture sector. The OADC has 2 subsidiaries namely the Oceanic Shrimp Aquaculture and the Blue Water which mainly focus on the Shrim and FinFish development in the region. The country is expected to produce 200,000.0 metric tons of fish between 2030 and 2040. Oman has resource biodiversity along more than 3000km coastline and has the strategic advantage of being close with the major export regions that are Politically stable and orderly civil society.

Regulated Aquaculture Market Pushes the Growth of the Sector

The Ministry of Agriculture and Fisheries has revealed its plan of investing USD 1.30 billion in fisheries development, from 2013 to 2020, to help promote sustainable fishing and provide the necessary infrastructure to increase fisheries production in Oman. Aquaculture is a part of the plan as a solution to mitigate the declining wild fisheries stocks and their effect on the livelihood of fishermen. Also, by 2030 to 2040 the government of Oman has anticipated that aquaculture is expected to contribute USD 5.20 billion to the GDP, producing as much as 220,000 metric tons, with an estimated market value of USD 900.0 million. In Oman, the capture production dominates the production system, which comes mainly from marine waters and provides nearly 99.9% of the total fish landing. The World Bank Group has supported the fisheries sector in the Sultanate of Oman with a wide range of policies and technical advice, given uniquely for the Bank to the fisheries sector through a Reimbursable Advisory Service or RAS from 2016.

The research study evaluates the overall size of the market, by making use of a bottom-up approach, wherein data for different industry verticals, and end-user industries and its applications across various product types have been recorded and predicted during the forecast period. These segments and sub-segments have been documented from the industry specialists and professionals, as well as company representatives, and are outwardly validated by analyzing previous years' data of these segments and sub-segments for getting an accurate and complete market size.

Influence Of The Oman Fisheries and Aquaculture Market Report:

-Comprehensive assessment of all opportunities and risk in the Oman Fisheries and Aquaculture market.

- Oman Fisheries and Aquaculture market recent innovations and major events.

-Detailed study of business strategies for growth of the Oman Fisheries and Aquaculture market-leading players.

-Conclusive study about the growth plot of Oman Fisheries and Aquaculture market for forthcoming years.

-In-depth understanding of Oman Fisheries and Aquaculture market-particular drivers, constraints and major micro markets.

-Favourable impression inside vital technological and market latest trends striking the Oman Fisheries and Aquaculture market.

The report has 150 tables and figures browse the report description and TOC:

[To enable links contact MENAFN] & Mode=12

What Are The Market Factors That Are Explained In The Report?

Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R & D, new product launch, M & A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

Analytical Tools: The Global Oman Fisheries and Aquaculture Market Report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter's five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

Customization of the Report : This report can be customized as per your needs for additional data up to 3 companies or countries or 40 analyst hours.

Please connect with our sales team ().

About Us:

MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

Contact Us:

Irfan Tamboli (Head of Sales) - Market Insights Reports

Phone: + 1704 266 3234 | +91-750-707-8687

|