The International Trade Center announced in a recent report that the value of imports of pastries, biscuits, and wafer chips by the Sultanate of Oman in 2020 is estimated at approximately 322.6 million US dollars. A project such as a biscuit and wafer chip factory in the Sultanate of Oman is considered one of the best investment opportunities at this time.
What is a biscuit and wafer factory?
The biscuit and wafer factory is dedicated to producing various types of biscuits and wafers, whether sweetened, plain, or filled, according to market preferences and production plan priorities. According to Mashroo3k Consulting, adding a department that focuses on consumer surveys, gathering their future preferences, and continuously assessing their preferences can help innovate new flavors and introduce new products into the target market.
GLOBE NEWSWIRE recently stated in a recent report that The global biscuit market. It will grow at a compound annual growth rate of 4.89%. The forecasts indicate that its value will rise. The global biscuit market. From 105.7 billion US dollars in 2020, it is expected to reach 154.8 billion US dollars by 2028.
It is noted that the average annual growth of the Sultanate’s imports of pastries, biscuits, and wafer chips will increase annually by approximately 13.9%.
For more details on the latest economic indicators and investment opportunities in the Sultanate of Oman, as well as the prominent funding agencies supporting successful investment projects in the Sultanate of Oman, you can contact the investor services team at Mashroo3k for Consulting.
