Market Size of Agriculture in Oman
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Market Size (2024) | USD 2.24 Billion |
| Market Size (2029) | USD 3.01 Billion |
| CAGR (2024 - 2029) | 6.16 % |
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Oman Agriculture Market Analysis
The Agriculture in Oman Market size is estimated at USD 2.24 billion in 2024, and is expected to reach USD 3.01 billion by 2029, growing at a CAGR of 6.16% during the forecast period (2024-2029).
- The increase in the adoption of advanced farming technologies and conducive government policies supporting domestic crop production are some factors driving the country's market growth. Through imports, Oman meets its domestic fruits, vegetables, and cereals demand. Therefore, to reduce import dependency, the country aims for self-sufficiency in agricultural products by encouraging its farmers to adopt advanced farming techniques.
- Agricultural production in Oman consists mainly of dates, vegetables, and fruits, while other crops are cultivated at lesser volumes. According to world bank statistics, the total amount of agricultural land in Oman was about 1.4 million hectares in 2020, which accounted for 4.7% of the total land area. Fruits like bananas and papaya are also grown in coastal regions, which accounted for 18,447 ton and 5,840 ton of production, respectively, in 2020. Additionally, Oman increased its barley, sorghum, and wheat production in recent years.
- Moreover, the government launched several initiatives to encourage private sector production, such as updating regulations, providing low-interest loans, aiding domestic production, and running campaigns to increase the visibility of locally made products, which is expected to boost the growth of agriculture in Oman during the forecast period.
