Oman Aquaculture Market Analysis by Mordor Intelligence
The Oman aquaculture market size reached USD 640.0 million in 2025 and is projected to grow to USD 825.0 million by 2030, at a CAGR of 5.2%. The sultanate's focus on economic diversification amid fluctuating oil prices has positioned aquaculture as a key sector in Vision 2040 for non-oil revenue generation. A USD 1.2 billion World Bank-supported initiative is facilitating investments in hatcheries, marine cages, and processing facilities[1]Source: Sustainable Management of the Fisheries Sector in Oman: A Vision for Shared Prosperity, World Bank, worldbank.org. The market benefits from extensive coastline access, regional protein demand, and established trade routes. Pelagic fish dominate consumption, and shrimp farming is expanding through controlled-environment systems that yield higher prices and better feed conversion ratios. The Duqm Industrial Fisheries Port's modern facilities and integrated cold chain networks reduce post-harvest losses and improve export profitability. The industry faces challenges from climate variability and limited seed-stock availability, requiring enhanced production systems and biosecurity measures.
Key Report Takeaways
- By type, pelagic species led with 36.2% of the Oman aquaculture market share in 2024, while shrimp is projected to expand at a 5.5% CAGR through 2030.
Oman Aquaculture Market Trends and Insights
Drivers Impact Analysis
| Driver | (~) % Impact on CAGR Forecast | Geographic Relevance | Impact Timeline |
|---|---|---|---|
| Government Funding Under Vision 2040 Aquaculture Targets | +1.2% | National, Duqm and other coastal governorates | Long term (≥ 4 years) |
| Rising Domestic and Export Demand for Fish Protein | +0.8% | The Gulf Cooperation Council focuses on spillovers to West Africa | Medium term (2-4 years) |
| Industrial Fisheries Port and Cold-Chain Build-Out | +0.6% | National, centered on Duqm | Medium term (2-4 years) |
| High Per-Capita Seafood Consumption in Gulf Cooperation Council Importing Markets | +0.5% | Gulf Cooperation Council region | Short term (≤ 2 years) |
| AI-Enabled Smart-Feeding Systems Reduce Feed Conversion Ratios | +0.4% | Early adoption in large-scale sites | Medium term (2-4 years) |
| Prospective Blue-Carbon Credit Revenues from Aquaculture Farms | +0.3% | Oman coastal zones | Long term (≥ 4 years) |
| Source: Mordor Intelligence | |||
Government Funding Under Vision 2040 Aquaculture Targets
The Omani government's financial support drives the country's aquaculture market through consistent capital allocation and technical support. The Tanfeedh program provides OMR 487.2 million (USD 1.3 billion) for marine cages, feed mills, and hatchery clusters, with each public dollar attracting 2.5 dollars in private investment. The Oman Investment Authority, through its Blue Waters subsidiary, demonstrates the government's commitment to reaching the national production target of 200,000 metric tons. Hydrogen Oman facilitates land leases for coastal sites, reducing development barriers. Partnerships with Nordic and Asian companies enable knowledge transfer in genetics, health management, and water recirculation systems. The government's funding framework provides access to preferential financing for both large enterprises and small and medium-sized enterprises (SMEs), strengthening the industry's supply capabilities.
Rising Domestic and Export Demand for Fish Protein
Regional seafood consumption increases alongside population growth and changing dietary preferences toward lean proteins. In 2022, Oman's per-capita consumption reached 55 kg, surpassing the global average and providing domestic producers with consistent demand[2]Source: OBBC Spotlight on Blue Waters, Anglo-Omani Society, ao-soc.org. Export markets expand beyond Gulf Cooperation Council countries to West African markets, where frozen pelagic fish from Al Wusta Fisheries Industries meets specific market needs. Oman's fish production reached 410,000 metric tons from January to July 2024, increasing by 13% from 364,000 metric tons in the same period in 2023, according to the Ministry of Agriculture, Fisheries, and Water Resources. This growth contributed to the nation's GDP.[3]Source: Ministry of Agriculture, Fisheries and Water Resources, Fish Statistics Book for the year 2024, Gov.om High-value species, including gilthead seabream and shrimp, command premium prices in markets prioritizing traceability and sustainability.
Industrial Fisheries Port and Cold-Chain Build-Out
The Duqm Industrial Fisheries Port serves as a centralized hub for Oman's aquaculture market by combining processing facilities, cold storage units, and inspection services. The port's annual capacity of 100 million cans enables the development of value-added products, which increases export unit prices. The government's 10% tender quota requirement for local SMEs enhances domestic participation in the supply chain. The integrated cold chain infrastructure reduces product spoilage and expands market reach. On-site research facilities test recirculation aquaculture systems that optimize water usage and temperature control for desert environments. The port's consolidated regulatory offices streamline export clearance processes, reducing time to market.
High Per-Capita Seafood Consumption in Gulf Cooperation Council Importing Markets
The Gulf Cooperation Council countries import large volumes of seafood to meet consumer demand driven by taste preferences and health benefits. The United Arab Emirates has the highest consumption in the region, followed by Oman, Bahrain, and Qatar. The Gulf Cooperation Council customs union enables tariff-free trade for Omani exports, reducing costs compared to imports from outside the region. The large expatriate population, with its diverse food preferences, increases demand for various seafood species and specialty products. The Gulf Cooperation Council food security policies promote regional sourcing, offering preferred market access to suppliers meeting quality standards. Growing disposable income supports consumer willingness to purchase traceable and sustainably produced seafood.
Restraints Impact Analysis
| Restraint | (~) % Impact on CAGR Forecast | Geographic Relevance | Impact Timeline |
|---|---|---|---|
| Aquaculture Disease Outbreaks | -0.9% | High-density farming areas | Short term (≤ 2 years) |
| Extreme Meteorological and Hydrological Events | -0.7% | Northern coastal zones | Medium term (2-4 years) |
| Coastal-Zone Competition with Tourism and Renewables | -0.5% | National shoreline | Long term (≥ 4 years) |
| Limited Domestic Hatchery Capacity and Reliance on Imported Seed | -0.4% | All aquaculture segments | Medium term (2-4 years) |
| Source: Mordor Intelligence | |||
Aquaculture Disease Outbreaks
The high stocking densities in aquaculture facilities increase the risk of pathogen transmission, while the existing biosecurity infrastructure has not kept pace with the sector's expansion. According to the Food and Agriculture Organization, in Oman, disease-related losses account for 15-20% of production value in comparable regions[4]Source: The Progressive Management Pathway for Aquaculture Biosecurity – Guidelines for application, FAO, fao.org. Oman's disease surveillance network is in its early stages, with insufficient diagnostic laboratories and inconsistent reporting protocols. The increase in water temperatures due to climate change compromises fish immunity and increases disease susceptibility. The reactive use of antibiotics creates residue compliance challenges in export markets with strict regulatory standards. While the ministry is developing an early-warning system and training programs, the implementation timeline affects short-term production stability.
Extreme Meteorological and Hydrological Events
Sea-surface temperatures along Oman's coastline have risen by 0.75°C per decade over 40 years, while marine heatwaves now occur three times more frequently than historical levels. The increased thermal stress reduces growth rates and increases mortality in species such as seabream and shrimp. Cyclones and storm surges damage cages, feed barges, and shore-based facilities, resulting in asset losses and insurance claims. Adaptation measures, including submersible cages and autonomous sensors, offer protection; their high initial costs present financial challenges for small-scale farms. Climate models indicate these extreme events will intensify, suggesting increased operational expenses for maintaining resilience.
Segment Analysis
By Type: Pelagic Species Drive While Shirmp Segments Capture Value
Pelagic fish accounts for 36.2% of the Oman aquaculture market share in 2024, primarily through sardine and mackerel landings processed at Duqm canneries. The segment maintains consistent demand from West Africa and Gulf Cooperation Council markets through established offtake agreements and efficient distribution networks. The pelagic segment's volume leadership strengthens its position in cold-chain service negotiations. The demersal fish segment maintains moderate pricing while serving Gulf Cooperation Council consumers focused on product freshness and traceability. Freshwater tilapia production in land-based tanks reached 179 metric tons, valued at OMR 268,000 (USD 696,000), representing a 76.4% annual increase. The recirculation systems support national water conservation initiatives.
The shrimp segment in Oman's aquaculture market projects a 5.5% CAGR through 2030, increasing its market share contribution. The segment utilizes intensive pond and biofloc systems to maximize stocking density while maintaining water quality standards. Blue Waters' planned expansion of gilthead seabream production to 10,000 metric tons indicates the viability of marine cage operations alongside shrimp farming through integrated management systems. The market includes experimental lobster and abalone production targeting premium sushi markets. The implementation of AI-based digital twin technology achieves feeding accuracy exceeding 95%, optimizing biomass growth within specific temperature parameters.
Note: Segment shares of all individual segments available upon report purchase
Geography Analysis
The northern governorates of Oman benefit from their proximity to the United Arab Emirates, enabling same-day deliveries of fresh chilled products. Improved road infrastructure and streamlined customs processes reduce transit times, particularly benefiting live-fish transportation to premium restaurants. The mid-coast regions surrounding Muscat combine convenient airport access with growing retail demand, supporting combined retail-export operations that increase domestic market share. The southern Dhofar region provides deeper offshore waters and cooler upwelling conditions, making it suitable for large pelagic cages and integrated multi-trophic farms. The Duqm Special Economic Zone provides centralized processing facilities and fiscal incentives, offering efficient access from production sites to shipping terminals.
Coastal studies indicate significant sediment accumulation in areas affected by port development, creating natural protection suitable for cage installations. The Khawr Dawkah mangrove system combines ecotourism opportunities with nursery habitats, supporting both conservation and aquaculture while offering potential blue-carbon credits. Spatial planning incorporates carrying-capacity assessments to maintain balance between nutrient levels and water circulation, reducing eutrophication risks. The integration of renewable energy zones with aquaculture areas requires coordinated planning to prevent conflicts with anchoring systems and protect underwater cables. Offshore wind farms may potentially share space with submersible cages; the technical guidelines are still under development.
Freshwater aquaculture facilities are concentrated near inland wadis with consistent groundwater access. In Al-Dakhiliyah, tilapia producers use closed-loop systems to overcome salinity challenges while providing rural employment opportunities. Future growth depends on effective wastewater management and feed importation systems. The diverse geographic distribution of production sites allows the Omani aquaculture market to maintain varied species production, reducing exposure to climate and market fluctuations.
Recent Industry Developments
- June 2025: The Sultanate of Oman and the Food and Agriculture Organization of the United Nations (FAO) signed a Host Country Agreement to establish FAO's permanent representation in Oman. This agreement aims to enhance food security cooperation in the region through sustainable fisheries management, technical support, and projects in aquaculture and climate resilience.
- May 2025: United Aquaculture Company (UA) and MAT-KULING Vannbehandling AS (MK) signed a Memorandum of Understanding (MoU) to develop marine aquaculture facilities at Seeb Port, Oman. The collaboration aims to establish an integrated aquaculture project to produce 5,000 metric tons of marine seafood annually, with a focus on sea bream (Sparus aurata).
- January 2025: Oman established its first fish farm utilizing the Recirculating Aquaculture System (RAS) technology. Located in Al Musannah, South Al Batinah Governorate, the pilot project has a production capacity of 8 metric tons and specializes in sea bream farming.
- October 2024: Fisheries Development Oman SOAC (FDO), the fisheries investment division of the Oman Investment Authority (OIA), has signed an advisory contract with AquaBioTech Group, an international aquaculture, fisheries, and marine consulting firm. Through this agreement, AquaBioTech Group provides consulting and advisory services to help FDO develop sustainable aquaculture and fisheries operations in Oman.
Oman Aquaculture Market Report Scope
Aquaculture is the practice of farming aquatic organisms, including fish, mollusks, and crustaceans. The commercial production of aquatic species, namely, fish (pelagic fish types, demersal fish types, freshwater fish types, caviar, and salmon) and other edible aquatic species (scallops, shrimp, lobsters, and other species) produced through the country's fisheries and aquaculture sector have been considered for the market study. The Omani fisheries and aquaculture market is segmented by type (pelagic fish, demersal fish, freshwater fish, scallops, shrimp, lobsters, caviar, and other types). The report offers the market size and forecasts in terms of volume (metric tons) and value (USD) for all the above segments.
| Pelagic Fish | Sardines |
| Mackerel | |
| Tuna | |
| Barracuda | |
| Demersal Fish | Grouper |
| Trevally | |
| Emperor | |
| Pomfret | |
| Freshwater Fish (Tilapia) | |
| Scallop | |
| Shrimp (Vannamei, Indian White) | |
| Lobster | |
| Abalone / Caviar | |
| Other Types (Sea Bream, Sea Bass, Emperor Fish, and Other Types) |
| By Type (Production Analysis (Volume), Consumption Analysis (Volume and Value), Import Analysis (Volume and Value), Export Analysis (Volume and Value), and Price Trend Analysis) | Pelagic Fish | Sardines |
| Mackerel | ||
| Tuna | ||
| Barracuda | ||
| Demersal Fish | Grouper | |
| Trevally | ||
| Emperor | ||
| Pomfret | ||
| Freshwater Fish (Tilapia) | ||
| Scallop | ||
| Shrimp (Vannamei, Indian White) | ||
| Lobster | ||
| Abalone / Caviar | ||
| Other Types (Sea Bream, Sea Bass, Emperor Fish, and Other Types) | ||
Key Questions Answered in the Report
What is the forecast value for the Oman aquaculture market by 2030?
The market is projected to reach USD 825.0 million by 2030, growing at a 5.2% CAGR.
Which segment currently holds the largest share within Oman's farmed seafood portfolio?
Pelagic species led with 36.2% of Oman aquaculture market share in 2024.
Why is shrimp farming considered the fastest-growing segment?
Shrimp benefits from controlled-environment systems and premium export pricing, driving a 5.5% CAGR through 2030.
How does Duqm Industrial Fisheries Port support exporters?
Duqm offers integrated processing, cold storage, and on-site regulatory desks, cutting transit times and post-harvest losses.
What role does Vision 2040 play in sector growth?
Vision 2040 channels OMR 487.2 million (USD 1.3 billion) in public funding, leverages private capital, and allocates coastal sites for farms.
Which risks are most critical for Oman's aquaculture operators?
Disease outbreaks and climate-driven extreme events present the highest immediate and medium-term challenges.
Page last updated on: