Meat - Iraq | Statista Market Forecast

Revenue in the Meat market amounts to US$6.21bn in 2024. The market is expected to grow annually by 6.71% (CAGR 2024-2029).
In global comparison, most revenue is generated China (US$273bn in 2024).
In relation to total population figures, per person revenues of US$133.50 are generated in 2024.
In the Meat market, volume is expected to amount to 847.40m kg by 2029. The Meat market is expected to show a volume growth of 4.0% in 2025.0.
The average volume per person in the Meat market is expected to amount to 15.7kg in 2024.

Definition:

The Meat market covers animal (both domestic and wild) and non-animal meat that are bought and consumed for nutrient-based purposes.

Structure:

The market consists of 3 different submarkets:

The Fresh Meat market covers meat from both domestic and wild animals that are fresh, chilled, or frozen. This market is divided into five submarkets: beef & veal, pork, mutton & goat, poultry, and other fresh meat.
The Processed Meat market covers all types of meat that has been dried, salted, brined, or smoked. This segment is divided into three subsegments: cold & roast meat products, ham & bacon, sausages.
The Meat Substitutes market covers meat-replacement food items created from vegetarian or vegan components.

Additional Information:

The market comprises revenue and average revenue per capita, volume and average volume per capita, price per unit (unit refers to kilogram), 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.

For more information on the displayed data, click the info button on the right side of each box.

Fresh Meat
Processed Meat
Meat Substitutes

Meat-based ready-to-eat meals
Out-of-home consumption

The Meat Market in Iraq is experiencing minimal growth, influenced by factors such as consumer preference for fresh and locally sourced meat, limited access to processed meat due to infrastructure constraints, and the emergence of meat substitutes as a healthier option. Despite the slow growth, the market is expected to expand as the country's economy stabilizes and demand for meat increases.

Customer preferences: With the growing awareness of the health and environmental impacts of meat consumption, there has been a rise in demand for plant-based alternatives in the Meat Market within The Food market. This trend is driven by a shift towards healthier and more sustainable lifestyles, as well as cultural preferences for vegetarian and vegan diets. As a result, companies are introducing a variety of meat substitutes made from plant proteins, such as tofu, tempeh, and seitan, to cater to this emerging consumer segment. Additionally, there is a growing interest in locally sourced and organic meat products, reflecting a desire for transparency and ethical consumption among consumers.

Trends in the market: In Iraq, the Meat Market within The Food market is seeing a rise in demand for halal meat, driven by the country's predominantly Muslim population. This trend is expected to continue, with a projected growth of 6.1% in the halal meat market by 2025. This presents a significant opportunity for industry stakeholders to tap into this market and cater to the dietary needs of the population. Additionally, there is a growing trend of consumers seeking organic and ethically-sourced meat products, which could present challenges for traditional meat suppliers. To stay competitive, industry players may need to adapt their practices and offerings to cater to these evolving consumer preferences.

Local special circumstances: In Iraq, the Meat Market within The Food market is heavily influenced by cultural and geographical factors. The country's rich culinary traditions and preference for locally-sourced, halal meat drive demand for fresh, high-quality meat products. Additionally, Iraq's hot climate and lack of refrigeration infrastructure make it challenging to preserve meat, leading to a high demand for traditional methods of meat preservation such as salt-curing and smoking. The country's strict regulations on meat imports also protect local producers and contribute to the unique dynamics of the Meat Market within The Food market in Iraq.

Underlying macroeconomic factors: The Meat Market within The Food market in Iraq is impacted by various macroeconomic factors. For instance, the country's economy is heavily reliant on oil exports, making it vulnerable to global oil prices. The ongoing conflicts and political instability in the region also affect market performance. In addition, fiscal policies and trade regulations, as well as the purchasing power of consumers, can impact the demand for meat products. Moreover, the increase in population and changing dietary habits in Iraq have led to a rise in demand for meat, creating opportunities for market growth. However, inflation and fluctuating exchange rates can also pose challenges to the market's growth potential.

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.

This report presents a comprehensive analysis and additional information on the Consumer market, in a PDF format.

In the past, many cultures considered meat a luxury that could only be enjoyed on special occasions or certain days of the week, while today it is a staple that can be found in nearly all restaurants and many kitchens all over the world. The market value of the meat industry is expected to rise from 897.5 billion U.S. dollars in 2021 to over 1.3 trillion dollars by 2027. In 2022, the United States saw the highest revenue from meat products and sausages, over five billion U.S. dollars more than the second largest meat market in the world, Germany with a revenue of over 33.6 billion U.S. dollars. France, Russia, and Mexico are finishing the top five countries with the biggest revenue from processed meats.