(MENAFNEditorial) Market Research Reports Search Engine (MRRSE) announced the addition of a new research report to its online library. The research report explains the various forces impacting the Iraq edible oils and fats market microscopically. The report, titled Edible Oils and Fats Market - Iraq Industry Analysis, Size, Share, Growth, Trends and Forecast 2016- 2024, presents a detailed take on the nature of drivers and opportunities in the market. The document has been written with thorough research that has been conducted using primary and secondary research methodologies. The comprehensive document aims to be a guiding hand for every reader and enthusiast alike.
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The demand for edible oils and fats has been consistently high in Iraq due to the rising population base. The growing number of consumers have collectively resulted in a high consumption of various types of edible oils and fats over a period of time. The report states that the Iraq edible oils and fats market was valued at US$1.3 bn in 2015 and is expected to reach US$2.3 bn by the end of 2025, as the market progresses at a CAGR of 6.0% between 2016 and 2025. The market is also likely to be fueled by the improving per capita income of consumers in Iraq. Changing lifestyles and dietary habits are also expected to play a crucial part in the development of the Iraq edible oils and fats market in the coming few years.
Manufacturers are also expected shift the production of edible oils and fats to local facilities, which will reduce the countrys dependency on imports. As this becomes an emerging trend the national output is not only expected to rise but also become a lot cheaper for several consumers. Furthermore, efforts made by the governments to revamp production facilities in Iraq are also expected to boost production levels in the country in the coming few years.
The various types of edible oils and fats available in the Iraq market are vegetable and seed oil, which includes soybean, sunflower oil, corn oil, palm oil, canola oil, and others such as rapeseed, mustard, and linseed, spreadable oils and fats, which includes butter and margarine, and cooking fats such as animal ghee and vegetable ghee. Of these, the vegetable and seed oil segment is expected to dominate the national market due to its daily consumption in everyday cooking. Sunflower oil is the predominantly used vegetable and seed oil amongst the others. Analysts anticipate that the only factor likely to hamper the growth of the global market is the tumultuous political condition in the country.
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The leading players in the Iraq edible oils and fats market are Zer Group, Altunkaya Group of Companies, Marsan Gida San Ve Tic A.S., Anadolu Group, Aves A.S. The research report profiles these players and offers an insightful take on their financial outlook, research and development activities, mergers and acquisitions, management styles, and business and marketing strategies. The report explains the nature of competitive landscape and forecasts its trajectory for the coming few years. Additionally, the report also provides the shares of the leading companies for the base and estimates their shares during the forecast period.
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