The Agriculture in Oman Market to reach $xx Billion by 2030; Government backing, advancements in technology, effective resource utilization, optimized irrigation techniques, contemporary farming innovations, food stability, international investment,

The Agriculture in Oman Market size is estimated to reach $xx Million by 2030, growing at a CAGR of xx% during the forecast period 2024-2030, according to a recent report published by IndustryARC, titled, “ Agriculture in Oman Market– By Farm Inputs (Seeds and Planting Materials, Fertilizers, Pesticides, Herbicides, Others), By Farm Machinery (Tractors, Plows, Harvesting Equipment), By Labour Type (Manual Labour, Mechanized Labour), By Farm Size (Small-scale Farms, Medium-scale Farms, Large-scale Farms), By Farming Type (Conventional Farming, Organic Farming), By Crop Type (Fodder Crops (Alfalfa, Rhodegrass, Sorghum, Barley (grass), Zea mays (grass), Others), Vegetables (Tomatoes, Cucumbers, Potatoes, Pepper, Eggplant, Onion, Cabbage, Cauliflower, Watermelon, Cantaloupe, Okra, Radish, Garlic, Carrots, Squash, Others), Cereals and Grains (Wheat, Barley, Millet, Sorghum, Oats, Zea mays, Others), Fruits (Dates, Coconut, Lemon, Mango, Banana, Papaya, Others), Others) - Opportunity Analysis & Industry Forecast, 2024-2030”. 

Government backing is boosting agricultural projects. Advancements in technology are enhancing farming efficiency. Effective resource utilization is improving productivity. Optimized irrigation techniques are conserving water. Contemporary farming innovations are increasing crop yields. Food stability is ensuring sustained local production. International investment is attracting capital. Global trade collaborations are expanding market opportunities. These factors combined are driving growth in the Agriculture in Oman Market.

Fodder crops dominate the agricultural market in Oman due to the country's significant focus on livestock production and exports. In 2023 Oman’s total livestock exports amounted to 3,363,443 kg, compared to 2,594,211kg in 2022, as per the National Centre for Statistics and Information (NCSI). The major exports were camels, goats and cattle, the main markets being the UAE, Yemen and Saudi Arabia. This strong demand for livestock fuels the need for fodder crops, solidifying its position as the largest segment in the agricultural sector.

Government support is a major driver in Oman’s agriculture market, with significant investments aimed at boosting food security and production. Buraimi alone is set to get USD $24.8 million to be spent on other agricultural and livestock projects, including USD $7 million to assist with wheat cultivation on 1,061 acres. According to a September 2024 article by Zawya News, this financial backing for modern farming technologies and livestock development helps increase self-sufficiency, ensuring sustainable growth in the sector. Moreover, In June 2024, Sri Lanka's Ministry of Agriculture and Plantation Industries signed a Memorandum of Understanding (MoU) with Government of Oman to boost agricultural activities through collaboration, research, trade and support. The market is projected to grow as a result of these government efforts and partnerships.

Technological advancements are a major driver in Oman’s agriculture market, revolutionizing the industry to boost self-sufficiency. Business Start Up Oman reported in an article published on August 2024 that country is adopting the modern concept of seawater farming or saline agriculture. This pioneering method for irrigating crops like quinoa, barley and kale, among others by using seawater. This technology addresses fresh water scarcity and promotes sustainable practice to increase the food security and environmental sustainability in Oman.

• In September 2024, Oman’s first commercial saffron farm began operations in Al Jabal Al Akhdar. Spanning 25,000 square meters, the project, led by Ahmed Ali al Hanshi, plans its first harvest by year-end. 

• In November 2023, Omani Bioproducts Co. announced plans to construct a feed factory at Khazaen Economic City. With a $96.1 million investment, the plant will annually produce 400,000 metric tons of animal and aquafeed. Using local agricultural residues and date byproducts, the project supports food security and export markets.

• In August 2023, NKK Investments partnered with U.S.-based agri-tech startup UrbanKisaan to pioneer sustainable hydroponic and vertical farming in Oman. The venture aimed to empower Omani farmers with resource-efficient technologies, boosting yields and supporting Oman Vision 2040’s food security goals while expanding to the UAE and Saudi Arabia.

Key companies profiled in the Agriculture in Oman Market are Muscat Overseas Group, Oman Agri-Fertilizer Co. LLC, Tawoos Agricultural Systems LLC, Al Marooj, Al Hail Agricultural Supplies, Al-Madina Agricultural Development Co., Agricultural Materials Company (AMC), AgroDev Group, OMIFCO, Nakheel Oman Development Company and others.

Agriculture Machinery Market - The global agricultural machinery market size is $227.5 billion as of 2023 and is forecast to grow at a CAGR of around 6.1% going through 2024-2030. The growth of this market is driven by the increasing adoption of precision farming techniques, advancements in automation and mechanization, the growing demand for high-efficiency farm equipment, and the need to enhance agricultural productivity due to the rising global population.

Iran Agriculture Drone Market- The market for Agricultural Drones is forecast to reach $5.89 billion by 2026, growing at a CAGR of 29.75% from 2021 to 2026. The market growth is driven by the increasing adoption of drones for precision agriculture, crop monitoring, soil and field analysis, and the rising need for efficient resource management in farming.

Smart Agriculture Market- The global Smart Agriculture Market is currently valued at $13.1 billion in 2022 and is expected to reach a valuation of $20.8 billion by 2027 growing at a CAGR of 9.5%. The growth is driven by increased demand for technologies such as IoT devices, precision farming tools, data analytics, and automation in agriculture.

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Mr. Venkat Reddy

IndustryARC

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