Milk - Iraq | Statista Market Forecast

Revenue in the Milk market amounts to US$1.02bn in 2024. The market is expected to grow annually by 8.11% (CAGR 2024-2029).
In global comparison, most revenue is generated India (US$71bn in 2024).
In relation to total population figures, per person revenues of US$21.89 are generated in 2024.
In the Milk market, volume is expected to amount to 1.10bn kg by 2029. The Milk market is expected to show a volume growth of 5.1% in 2025.0.
The average volume per person in the Milk market is expected to amount to 18.7kg in 2024.

Definition:

Milk is defined as a protein- and fat-rich opaque white or creamy-colored fluid. This combination of nutrients can also be milked from other animals such as sheep and goats, but from an economic perspective, cow's milk remains the world's most important dairy product.

Additional Information:

The market comprises revenue and average revenue per capita, volume and average volume per capita, price per unit (unit refers to kilogram), and sales channels. The market encompasses retail sales through both online and offline sales channels to private end customers (B2C). The market only covers at-home consumption; out-of-home consumption is not included.

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Regular fresh milk
Full-fat milk, reduced-fat milk, low-fat milk, skimmed milk, semi-skimmed milk
Regular pasteurized milk, ultra-pasteurized (UHT) milk, raw milk
Flavored milk, barista milk
Lactose-free milk

Preserved and powdered milk
Yogurt drinks
Non-dairy milk substitutes
Out-of-home consumption

The Milk market in Iraq has been growing at a minimal rate due to factors such as low consumer awareness and limited availability of online services. However, increasing demand for dairy products and eggs is expected to drive growth in the future.

Customer preferences: In Iraq, the Milk Market of the Dairy Products & Eggs Market within The Food market is experiencing a growing demand for organic and locally-sourced milk products. This trend is being driven by consumers' increasing preference for healthier and more sustainable food options. Additionally, there has been a rise in the consumption of milk alternatives, such as almond milk and oat milk, as more Iraqis are adopting plant-based diets for health and environmental reasons.

Trends in the market: In Iraq, the Milk Market of the Dairy Products & Eggs Market within The Food market is seeing a rise in consumer demand for healthy and natural dairy products. This trend is driven by a growing awareness of the benefits of dairy for overall health and nutrition. As a result, there is a shift towards organic and locally sourced milk products. This trend is expected to continue, with potential implications for industry stakeholders including increased competition and the need to adapt production processes to meet consumer demand for healthier options.

Local special circumstances: In Iraq, the Milk Market of the Dairy Products & Eggs Market within The Food market is influenced by the country's turbulent political and economic climate. Due to the ongoing conflict and instability, the market is heavily reliant on imports, leading to high prices and limited access for the local population. Furthermore, cultural preferences for traditional dairy products also impact market demand. The lack of regulatory control and infrastructure also contribute to the challenges faced by dairy producers and suppliers in Iraq, making it a unique market with its own set of dynamics.

Underlying macroeconomic factors: The Milk Market of the Dairy Products & Eggs Market within The Food market in Iraq is heavily influenced by macroeconomic factors such as the country's overall economic health, government policies, and global economic trends. Iraq's economy has been recovering from years of conflict and political instability, with a growing GDP and increasing consumer spending. This has resulted in a higher demand for dairy products and eggs, as consumers have more disposable income to spend on food. Additionally, the country's recent investment in agriculture and infrastructure has improved the production and distribution of dairy products and eggs, further driving market growth. However, unstable political conditions and regional conflicts pose a risk to market stability and growth. Furthermore, global trade policies and fluctuations in commodity prices also impact the Milk Market in Iraq, as the country heavily relies on imports for dairy products and eggs. Overall, macroeconomic factors play a significant role in shaping the performance of the Milk Market in Iraq, highlighting the need for a stable and favorable economic environment to support market growth.

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.