Edible Oils and Fats Market in Iraq is Expected to Reach US$2.3 bn by 2024 Industry Analysis, Share, Growth, Trends and Forecast 2016 - 2024

ResearchMoz added Latest Research Report titled " Edible Oils and Fats Market - Iraq Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024 " to it's Large Report database.

Iraq Edible Oils and Fats Market: Trends and Opportunities

Edible oils, also known as consumable oils form an imperative part of the cooking process since these are used for frying, baking and other forms of cooking. Additionally, edible oils also find application in non food purposes as well such as manufacturing of washing powders, personal care products, soaps and bio-fuels.

Increasing demand for high quality edible oils is the primary factor pushing the growth of the market in Iraq. Over time, consumers have become extremely conscious about their health and about maintaining a healthy and active lifestyle. Due this factor consumers are shifting their focus towards the consumption of high quality edible oils. This factor has led the major manufacturers operating in this field to resort to extensive research and development activities in order to manufacture high quality edible oils that would cater to the health requirements of the consumers. High quality edible oils include high amounts of vitamin E, mono-unsaturated and poly-unsaturated fatty acids (MUFA’s and PUFA’s) and Omega 3. Further, high quality edible oils have a high smoking point which means they can retain their nutritional contents at higher temperatures.

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However, the current economic and political condition of Iraq is a major factor hindering the growth of the edible oils market. Decline in the economic activity, balance of payments and public finance is a direct result of the current political condition in Iraq. Further, the GDP of Iraq has witnessed a sharp decline between 2014 and 2015 due to the political and economic instability. Moreover, the non oil economy in Iraq has seen a sharp decline between 2014 and 2015. These factors are barring the growth of the edible oils and fats market in Iraq, but the impact of this restraint is likely to reduce by the end of the forecast period.

However, the switch to local production of edible oils and fats is likely to pose as a suitable opportunity for the growth of the market in the future. Companies such as Aves A.S. and Etihad Food Industries are expected to open their edible oil refineries in Iraq, which is expected to increase the local production of edible oils and fats in the country. Further, the Iraqi trade ministry is taking the initiative to re-furbish some of the old factories of edible oils and fats in order to make them fully operational. This is expected to reduce the country’s dependency on imported products thus enabling the consumers to buy high quality edible oils at an affordable price, thereby boosting the demand for the edible oils and fats industry in Iraq.

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Table of Content

Chapter 1 Iraq Edible Oils and Fats Market: Preface
1.1 Report Description
1.2 Market Segmentation
1.3 Research Scope
1.4 Research Methodology

Chapter 2 Iraq Edible Oils and Fats Market: Executive Summary

Chapter 3 Iraq Edible Oils and Fats Market: Production Analysis, 2010-2025
3.1 Existing Production Capacity Analysis
3.2. Expected Production Capacity Analysis

Chapter 4 Iraq Edible Oils and Fats Market : Market Overview, 2010-2025
4.1 Introduction
4.2. Market Dynamics
4.2.1 Market Drivers
4.2.2. Market Restraints
4.2.3 Market Opportunities
4.3. Key Trend Analysis

Chapter 5 Iraq Edible Oils and Fats Market: Industry Analysis, by Product Type, 2010 2025
5.1. Overview
5.2. Vegetable Oils and Seeds Market, Revenue and Volume Forecast
5.3. Spreadable Oils and Fats Market, Revenue and Volume Forecast
5.4. Cooking Fats Market, Revenue and Volume Forecast
5.5. Others Market, Revenue and Volume Forecast

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