Fresh Meat - Iraq | Statista Market Forecast

Fresh Meat - Iraq

Iraq

Highlights

Revenue in the Fresh Meat market amounts to US$4.22bn in 2024. The market is expected to grow annually by 8.67% (CAGR 2024-2029).
In global comparison, most revenue is generated China (US$261bn in 2024).
In relation to total population figures, per person revenues of US$90.68 are generated in 2024.
In the Fresh Meat market, volume is expected to amount to 450.90m kg by 2029. The Fresh Meat market is expected to show a volume growth of 6.5% in 2025.0.
The average volume per person in the Fresh Meat market is expected to amount to 7.7kg in 2024.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureMethodology

The Fresh Meat market in Iraq is experiencing minimal growth, influenced by various factors such as economic instability, limited access to technology, and cultural preferences for traditional meat purchasing methods. However, increasing health awareness and convenience offered by online meat services are potential drivers for future market growth.

Customer preferences: As consumers become more health-conscious, there has been a noticeable increase in demand for organic and locally sourced fresh meat products within the Meat Market. This shift is driven by a growing awareness of the environmental and health benefits of sustainable and ethically produced meat. Additionally, there is a rising preference for meat products that are free from antibiotics and hormones. This trend is also influenced by the increasing number of individuals following specific diets, such as paleo or keto, which prioritize high-quality and unprocessed meat options.

Trends in the market: In Iraq, the fresh meat market is experiencing a shift towards more sustainable, locally-sourced meat options. Consumers are becoming more conscious of the environmental and health impacts of factory farming and are seeking out meat from smaller, independent farms. This trend is significant as it signals a growing demand for ethically-produced meat and could have implications for larger meat producers. In The Food market, this trend is mirrored in the rising popularity of organic and grass-fed meat options. As consumers become more educated about the meat industry, this trend is expected to continue, presenting opportunities for small-scale farmers and challenges for larger meat producers.

Local special circumstances: In Iraq, the Fresh Meat Market faces unique challenges due to the country's political and economic instability. This has resulted in a shortage of high-quality meat, leading to a reliance on imported products. The cultural preference for fresh meat and lack of trust in pre-packaged products also influences the market dynamics. In contrast, the Meat Market in The Food market is heavily regulated, with strict standards for food safety and animal welfare. This creates barriers to entry for smaller players and drives up prices. Additionally, the geographical spread of the market, with rural and urban areas having different consumption patterns, further contributes to the complexity of the Fresh Meat Market in Iraq.

Underlying macroeconomic factors: The Fresh Meat Market of the Meat Market within The Food market is greatly impacted by macroeconomic factors, such as global trade policies, local economic stability, and consumer spending patterns. In Iraq, for example, the market is heavily influenced by the country's reliance on oil exports and the resulting fluctuations in oil prices, as well as the ongoing political instability and security concerns. These factors can impact the availability and affordability of fresh meat products, as well as consumer demand. Additionally, economic recessions or currency devaluations can also have a significant impact on the purchasing power of consumers and their willingness to buy fresh meat. Therefore, in order to thrive in the Iraqi market, players in the Fresh Meat Market must carefully monitor and adapt to these macroeconomic factors to ensure sustainable 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.