Iraq Edible Oils and Fats Market to Witness Growth Acceleration During 2017-2024
According to a market study by Transparency Market Research, the Iraq edible oils & fats market is predicted to be worth US$2.3 bn by the end of 2025, rising at 6.0% CAGR between 2017 and 2025. The demand in the market was valued at US$1.4 bn in 2017. Vis-à-vis revenue, vegetable & seed oil product segment holds prominence in the Iraq edible oils & fats market. The segment is anticipated to hold the leading 51.3% of the overall market by 2025. Among the key regions, Baghdad is predicted to retain its dominance in the overall market through 2025.
Download PDF Brochure @ https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=14888
Substantial R&D to Develop High Quality Products to Benefit Market
Primarily fuelling the Iraq edible oils & fats market is increasing demand for high quality edible oil. High quality edible oils are rich in vitamin E, monounsaturated and polyunsaturated fatty acids, and omega-3. They have a high smoking point which helps retain nutritional value at higher temperatures. To cater to this demand, large companies involved in the production of edible oils in the country are engaged in research and development to manufacture high quality products. These companies are also making efforts to develop edible oils & fats for health savvy consumers.
The increasing consumption of processed food which are mainly oil based has also been a key factor behind the growth of Iraq edible oils & fats market. Changing lifestyle and changing eating habits are fuelling demand for ready-to-eat packaged food. This is favoring the growth of Iraq edible oils & fats market.
The growth of the tourism sector holds potential for the growth of Iraq edible oils & fats market. Due to decades of war, closed regimes, and recurrent political instability the Iraqi tourism sector is currently underdeveloped and neglected. However, as political stability and economic development gains momentum, Iraq has the potential to emerge as a global tourist destination. Long considered a destination for pilgrims, leisure tourism is pacing up albeit in low numbers. This is likely to indirectly benefit the edible oils & fats market.
Apart from this, rising population leading to the increase in per capita consumption of edible oils is spiking the growth of Iraq edible oils & fats market. This, along with increasing disposable income of consumers which has led to increased spending on dining out and purchase of ready-to-eat foods.
Obtain Report Details @ https://www.transparencymarketresearch.com/edible-oils-fats-market.html
Political Instability and Weak Economic Growth Challenges Market
On the downside, political disturbances and economic upheavals are a key restraint to the growth of Iraq edible oils & fats market. Weak economic condition of large population along with rising population living below the poverty line due to the ongoing conflict have been the reasons International Monetary Fund has provided grant.
Moreover, high costs of extraction of various types of cooking oils is restricting the entry of new players. This is slowing the growth of Iraq edible oils & fats market.
Transparency Market Research (TMR) is leader in analytics, research, and advisory services for Fortune 500 companies, scores of high potential startups, and financial institutions. Our success stories have proven why we are a preeminent provider of cutting-edge syndicated and customized research services. Leverage the best of our seasoned research analysts who hold a keen interest and enviable expertise of almost 4 million hours in global, regional, and local market intelligence.
Transparency Market Research
90 State Street, Suite 700,
Albany, NY - 12207
USA - Canada Toll Free 866-552-3453
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Iraq Edible Oils and Fats Market to Witness Growth Acceleration During 2017-2024 here
News-ID: 1010830 • Views: 177
More Releases from Transparency Market Research
Pre-Printed Paper Rolls Market Demand Analysis and Projected huge Growth by 2027
Pre-printed paper rolls can be a powerful marketing tool for any business. In addition to these pre-printed paper rolls can be used for several applications such as labels, tapes, QR codes, etc. Pre-printed paper rolls are cost-effective and form a brand impression on consumers. Pre-printed paper rolls can be printed in many colors. They are colorful and appealing and are not like ordinary papers. For More Detailed Analysis, Request PDF
Duffle Top Bulk Bags Market Generates Huge Revenue Till 2027- Study By Key Playe …
Duffle top bulk bags made from plastic last long and are highly durable. Duffle top bulk bags are flexible and are strong to carry heavy loads. They have lift straps fixed at the top of the bag, which helps in handling and movement of duffle top bulk bags. Duffle top bulk bags can be of various types, which include opening from the bottom or opening from top. They are lightweight
Multi-Dose Packaging System Market Demand & Future Scope Including Top Players
Medicinal wastage and error in taking proper medication lead to need for multi-dose packaging system. Multi-dose packaging system has various benefits, which includes assisting patients with complicated prescription routines and the ability to enhance patient safety. It provides high-quality, smart packaging and also provides convenience to the patients. Multi-dose packaging system provides consumers with product protection, quality, and patient comfort. It has normal handling, and the formulation present in the
Cargo Belt Market 2020 Growth Rate, Developments in Major Areas, Market Size, Dy …
Globalization leads to the need for transportation of goods over the longer distance. This will drive the demand for cargo belts in the logistics & transportation industry. During the transportation of goods, about one-fourth of the accidents occurred due to poor handling of goods, which can be avoided by using the cargo belt. They are used in light and heavy lorries, trailers trucks, ships, and air crafts. Request PDF Sample For
More Releases for Iraq
Iraq Real Estate Expo 2019
A New Breath in the Iraqi Market; IRAQ REAL ESTATE EXPO!!! Iraq Real Estate Expo 2019: International Real Estate & Investment Exhibition is organized by Elan Expo will take place on 25-27 April 2019 at Baghdad International Fair Ground at Baghdad, Iraq. THE EXPECTANT EXPO; IREXPO Iraq which is located in a strategic place in the Middle East has around 39 million populations. With the 193 billion dollars GDP; Iraqi people are
Mega Clima Iraq HVAC Expo 2019
4th Iraq Hvac Expo 2019: International Air Conditioning & Refrigeration Exhibition is organized by Elan Expo will take place on 25-27 April 2019 at Baghdad International Fair Ground at Baghdad, Iraq. IRAQ – THE MEETING POINT OF MANIFACTURERS In recent years, Iraq is one of the most preferable states in the construction sector through the Middle East. International investors are inclined to make investment to the country which is very rich
Iraq Crude Oil Refinery Outlook to 2023
Iraq Crude Oil Market, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. "Iraq Crude Oil Refinery Outlook to 2023", is a comprehensive report on crude oil refinery industry in Iraq. The report provides details on oil refineries
Iraq Healthcare (Surgical Procedures) Market Analysis – 2022
Iraq has a centralized health care system, which utilizes public hospital-based capital intensive model of curative and preventive care. The Ministry of Health (MoH) is considered the major health care provider in Iraq. The two main players within the health care industry in Iraq are the public sector and the private sector. In the public sector, health care services are provided through primary health care centers and public hospitals at
Iraq Radio Live ( Online Radio )
Iraqi Live Radio is created to accommodate our users expectations, concerning to the development of pioneering technologies. The following application is compatible with iPhone, iPad and iPod touch meanwhile is very easy to use. This is a wireless telegraphy which broadcasts advanced Radio Stations available from all over the globe. Iraqi Live Radio is a free application which provides you with the striking opportunity to listen to your favorite music,
Iraq Petroleum 2012: Positioning Iraq on the World Energy Map
Iraq’s oil exports have reached the highest records in decades. Crude oil exports averaged 2.508 million bpd in April 2012 due to the opening of two new floating terminals, easing export constraints. The Iraq Petroleum 2012 Conference will address this recent increase in crude oil exports, in a key session titled ‘Positioning Iraq on the World Energy Map’ led by members of the Iraqi Government, including: H.E. Thamir Ghadban; H.E.