Oman Microwave Ovens Market Size

Oman Microwave Ovens Market Analysis

The COVID-19 pandemic marginally affected Microwave Ovens Market. Increasing financial insecurities and consumer inclination toward purchasing essential items during the first half of 2020 affected market revenue. However, rising concerns regarding healthy food style and increased consumption of home-made food during the pandemic have propelled the market demand for Microwave Ovens.

In Oman rising standard of living of customers, an increasing number of nuclear families, and surging demand for frozen and ready-to-eat food are some of the key factors driving the market growth. The robust growth of the hospitality sector and rising catering contracts for large-scale functions, seminars, and other social gatherings are also expected to drive the demand for commercial appliances over the forecast period. Economic factors, such as the rising population, increasing disposable income of consumers, and growing awareness about different cooking appliances, such as microwave ovens, grills, and barbeques, are projected to impact the market positively. The convection segment of the market is poised to account for half of the overall market. The demand for a microwave oven may gain strong support from the rising consumer spending on kitchen appliances. The adoption of kitchen and home appliances is forecast to witness robust growth, owing to the increasing rate of urbanization. The Global Microwave Oven market is expected to grow annually by 4.06% (CAGR 2022-2027). In the Microwave Ovens segment, global volume is expected to amount to 82.97m pcs. by 2027. The Microwave Ovens segment is expected to show a volume growth of 1.5% in 2023. The average volume per person in the Microwave Ovens segment is expected to amount to 0.01 pieces in 2022.