Definition:
The food market covers all edible products that are bought and consumed for nutrient-based purposes. The market includes both fresh and processed foods.
Structure:
The market consists of 13 different markets:
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. The out-of-home revenue data is only shown as a separate box at the market level.
For more information on the displayed data, click the info button on the right side of each box.
Notes: Data was converted from local currencies using average exchange rates of the respective year.
Most recent update: Sep 2024
Source: Statista Market Insights
Most recent update: Sep 2024
Source: Statista Market Insights
Most recent update: Sep 2024
Source: Statista Market Insights
Most recent update: Sep 2024
Source: Statista Market Insights
Most recent update: Sep 2024
Source: Statista Market Insights
Most recent update: Nov 2024
Source: Statista Market Insights
Most recent update: Jul 2024
Source: Statista Market Insights
Most recent update: Jun 2024
Sources: Statista Market Insights, Statista Consumer Insights Global
Most recent update: Sep 2024
Source: Statista Market Insights
The Food market in Iraq has been experiencing minimal growth, influenced by factors such as unstable political climate, limited access to modern technologies, and low consumer purchasing power. However, the sub-markets of Dairy Products & Eggs, Meat, Fish & Seafood, and Vegetables hold potential for growth due to increasing demand for healthier and locally-sourced options. The market is also impacted by the ongoing conflict, which affects production and supply chains.
Customer preferences: As consumer awareness of the environmental impact of food production grows, there has been a rise in demand for sustainable and ethically-sourced food products in The Food market market. This trend is driven by a growing concern for the planet and a desire for transparency in the food supply chain. Additionally, there has been an increase in demand for plant-based and vegetarian options, as more individuals adopt a flexitarian or vegan diet for health or ethical reasons. This shift towards conscious consumption is also reflected in the emphasis placed on locally-sourced and organic ingredients in restaurants and food stores.
Trends in the market: In The Food market industry in Iraq, there is a current trend of increasing demand for locally sourced and organic products. This trend is driven by a growing focus on health and sustainability, with consumers becoming more conscious of the environmental and health impacts of their food choices. Additionally, there is a rise in online food delivery services, as well as the use of social media to promote and sell food products. These trends are significant because they reflect a shift towards healthier and more sustainable food options, and have implications for industry stakeholders such as farmers, retailers, and food producers. This trend is expected to continue in the future, with potential implications for the overall food industry in Iraq.
Local special circumstances: In Iraq, The Food market is heavily influenced by the country's political and economic situation. The ongoing conflict in the region has resulted in limited access to food supplies and high prices for basic necessities, leading to a rise in demand for locally-produced food products. Additionally, cultural preferences and dietary habits also play a significant role in shaping the market, with traditional dishes and ingredients remaining popular among consumers. The regulatory landscape is also a crucial factor, as the government's policies on food imports and exports can greatly impact the availability and cost of certain products. These unique factors make The Food market in Iraq distinct from other markets and require careful consideration when developing business strategies.
Underlying macroeconomic factors: The performance of The Food market in Iraq is heavily influenced by macroeconomic factors such as the country's economic stability, government policies, and global economic trends. The economic health of Iraq, as well as its fiscal policies, play a crucial role in determining the success of The Food market. Additionally, factors such as inflation, exchange rates, and overall consumer spending also impact the market's performance. Moreover, the recent political and social unrest in the country has also had a significant impact on The Food market, affecting consumer confidence and overall market demand.
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.Notes: Based on data from IMF, World Bank, UN and Eurostat
Most recent update: Sep 2024
Source: Statista Market Insights