Eggs - Iraq | Statista Market Forecast

The Eggs Market in Iraq is seeing slow growth due to factors such as limited consumer awareness and lack of technological advancements. However, with increasing health consciousness and availability of online services, the market is expected to experience gradual growth in the coming years.

Customer preferences: With the rise of health consciousness and dietary restrictions, the demand for organic and free-range eggs has increased in Iraq's Dairy Products & Eggs Market within The Food market. This trend is driven by a growing awareness of the benefits of consuming ethically sourced and nutrient-rich eggs. Additionally, there has been a shift towards plant-based and alternative egg options, as more consumers adopt vegan and vegetarian diets. This trend is also influenced by cultural and religious factors, as well as concerns about animal welfare and sustainability.

Trends in the market: In Iraq, the Eggs Market of the Dairy Products & Eggs Market within The Food market is experiencing a shift towards healthier and more sustainable options. Consumers are increasingly demanding organic and free-range eggs, leading to a rise in production of these varieties. This trend is driven by growing health consciousness and concerns about animal welfare. As a result, industry stakeholders are investing in sustainable practices and marketing strategies to meet consumer demands. This trend is expected to continue, providing opportunities for growth and innovation in the Eggs Market.

Local special circumstances: In Iraq, the Eggs Market of the Dairy Products & Eggs Market within The Food market is heavily influenced by the country's unstable political and economic climate. The ongoing conflict and sanctions have hindered the growth of the market, leading to a reliance on imports. Local producers face challenges such as high production costs and limited access to technology, hindering their ability to compete with imported products. The country's traditional consumption patterns also play a role, with a preference for fresh eggs over processed ones.

Underlying macroeconomic factors: The Eggs Market of the Dairy Products & Eggs Market within The Food market is affected by macroeconomic factors such as the global economic climate, national economic stability, fiscal policies, and other financial indicators. For example, countries with stable and growing economies, along with favorable fiscal policies, tend to have a higher demand for dairy products and eggs. Additionally, rising disposable incomes and a growing middle-class population in developing countries are also contributing to the growth of this market. On the other hand, economic downturns and instability can lead to a decrease in consumer spending, resulting in a decline in demand for dairy products and eggs. Furthermore, government regulations and trade policies can also have a significant impact on the market, especially in terms of import and export of these products. Overall, a combination of these macroeconomic factors plays a crucial role in shaping the growth and performance of the Eggs Market within the Dairy Products & Eggs Market.

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.