The concept of the food waste recycling project is represented. In establishing a factory in the Sultanate of Oman for the production of fish feed; the factory relies on utilizing wasted food resources in its operational processes and recycling them with the aim of meeting local market needs and achieving self-sufficiency in feed supply. The consulting company ‘Mashroo3k’ emphasizes that the project Recycling food waste. It is considered one of the most successful projects that can be invested in within the Sultanate, and due to the project’s reliance on skilled technical labor and modern production lines, the «Mashroo3k» Consultants anticipate that the project will be competitive and capture a significant market share. It is worth noting that the project Recycling food waste. Its products target wholesalers, retailers, agents, and feed distributors, as well as fish farms and their owners. With the increasing size of future demand, the project is expected to yield significant financial returns and encouraging profits.
By the end of 2022, the value of the food waste management market is expected to reach 62.6 billion US dollars, and by 2032, the value of this market will reach 116.4 billion US dollars; thus, the market will have achieved a compound annual growth rate of 6.4% during the forecast period.
The company ‘Mashroo3k ‘ for consultations recommends investing in a food waste recycling project due to the considerable fish wealth enjoyed by the Sultanate. Below are some indicators of this wealth:
The total amount of fish landed in the Sultanate is 840,378 tons; we can categorize this quantity as follows:
The average annual growth rate of fish landings in the Sultanate reached 24.3% during the period from 2015 to 2021.
The total fish exports of the Sultanate reached 300,000 tons, valued at over 114.2 million Omani rials.
The average annual growth rate of the Sultanate’s fish exports reached 36.4% during the period between 2015 and 2021.
