The idea of the meat processing factory project is to establish a factory in the Sultanate of Oman, which will produce and process various types of meat products, Like this: Luncheon meat, frankfurters, salami, sausages, and burgers. The meat processing plant project aims to supply its products to wholesale and retail stores as well as restaurants, hotels, and individuals; due to the increasing demand for these products, “Mashroo3k” expects the project to achieve significant profits and financial returns.
According to a report published by The Business Research Company in October 2022, the value of the global processed meat market reached 614.08 billion USD in 2021, and this market is expected to grow from 691.01 billion USD by the end of 2022 to 976.42 billion USD by the end of 2026, indicating a compound annual growth rate of 9% during the period from 2022 to 2026.
The consultancy company “Mashroo3k” confirms that the meat processing factory project It will be largely successful in the sultanate, especially with the growing population and the increasing demand for the project’s products. It is noted that the sultanate’s production of red meat is rising at an annual average of 2.2%, and the average population growth has reached 2.7%. …
