Cheese - Iraq | Statista Market Forecast

Cheese - Iraq

Iraq

Highlights

Revenue in the Cheese market amounts to US$650.50m in 2024. The market is expected to grow annually by 7.95% (CAGR 2024-2029).
In global comparison, most revenue is generated United States (US$32bn in 2024).
In relation to total population figures, per person revenues of US$13.98 are generated in 2024.
In the Cheese market, volume is expected to amount to 96.53m kg by 2029. The Cheese market is expected to show a volume growth of 6.1% in 2025.0.
The average volume per person in the Cheese market is expected to amount to 1.6kg in 2024.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureMethodology

The Cheese Market in Iraq has seen subdued growth due to various factors such as economic instability, limited access to technology, and low consumer awareness. Despite this, the market is slowly growing as more consumers recognize the health benefits and convenience of dairy products.

Customer preferences: In Iraq, the Cheese Market of the Dairy Products & Eggs Market within The Food market has seen a rise in demand for locally produced, artisanal cheeses. This trend is driven by a growing appreciation for traditional, handcrafted products that highlight the country's cultural heritage. As Iraq's economy continues to stabilize and its middle class grows, consumers are willing to pay a premium for high-quality, locally sourced cheeses, further driving market growth. Additionally, the rise of health consciousness among Iraqi consumers has led to an increase in demand for healthy, natural cheeses, creating new opportunities for market players.

Trends in the market: In Iraq, the Cheese Market of the Dairy Products & Eggs Market within The Food market is experiencing a surge in demand due to the growing popularity of Western-style cuisine. This trend is expected to continue as more international food chains and restaurants enter the market. Additionally, there is a rise in consumer preference for premium and healthier cheese options, leading to the introduction of new products such as organic and lactose-free cheese. These trends present opportunities for industry stakeholders to expand their product offerings and capitalize on the growing demand for cheese in Iraq.

Local special circumstances: In Iraq, the Cheese Market of the Dairy Products & Eggs Market within The Food market is heavily influenced by the country's agricultural industry. The majority of dairy products, including cheese, are locally produced, leading to a strong focus on traditional methods and flavors. Cultural and religious factors also play a significant role, with many consumers preferring halal-certified cheese. Additionally, regulatory barriers, such as import restrictions, have created a unique market dynamic, with a limited selection of imported cheese brands available.

Underlying macroeconomic factors: The Cheese Market of the Dairy Products & Eggs Market within The Food market is heavily influenced by macroeconomic factors in Iraq. The country's ongoing economic recovery, increasing disposable income, and growing population are key drivers of market growth. Additionally, government initiatives to promote domestic production and reduce reliance on imports are creating favorable conditions for market expansion. However, challenges such as limited access to financing and infrastructure constraints continue to hinder market growth. Furthermore, global economic trends and trade policies also impact the market, with fluctuations in international dairy prices and trade tensions affecting market performance.

Data coverage:

The data encompasses B2C enterprises. Figures are based on the total consumer spending on food, which comprises all private household spending on food that is meant for at-home consumption (out-of-home consumption is not accounted for).

Modeling approach:

Market sizes are determined through a top-down approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use resources from the Statista platform as well as in-house market research, national statistical offices, international institutions, trade associations, companies, the trade press, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending, and consumer price index. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the exponential trend smoothing is well suited for forecasting the Food market with a projected steady growth. The main drivers are GDP per capita and consumer spending per capita.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year.