Iraq Dairy Products Market - Forecast(2021 - 2026)

Report Code: FBR 0370 Report Format: PDF + Excel (Delivery in 48 Hrs)

Iraq Dairy Products Market Overview

Iraq Dairy Products Market size is estimated to reach $400.3 million by 2026, growing at a CAGR of 5.7% over 2021-2026. Dairy products are considered as important part of diet as they contains nutrients as well as variety of essential vitamins and minerals. In modern society, the consumption of dairy based products is very essential to fulfill the nutritional value. Dairy products contains isotopes of calcium which is very helpful to increase the strength of bones as calcium is considered as messenger in various cell signalling pathways. In dairy products, skimmed milk powder is used as ingredient that is made by evaporation water from the milk which is pasteurized. Lactose free milk products includes lactase which is a kind of enzyme that helps to break down lactose and is helpful for those who are suffering from lactose intolerance. Dairy product contains yogurt which provides various health benefits and also provides protein and calcium. According to Food and Agriculture Organization, dairy industry is considered among the most heavily regulated agricultural industry which increases the production of dairy and thus rising the demand. Rising consciousness about health among consumers increasing the need of dairy based products owing to its healthy benefits and growing incidence of various health problems such as osteoporosis is the major factor driving the growth of Iraq Dairy Products Market. Furthermore, growing technological innovation in dairy based products increases the use of dairy products is set to further enhance the overall market demand for Iraq Dairy Products Market for the period 2021-2026. 

Report Coverage

The report: “Iraq Dairy Products Market Forecast (2021-2026)”, by Industry ARC, covers an in-depth analysis of the following segments of the Iraq Dairy Products Market.
By Type: Milk, Cheese, Butter, Cream, Desserts, Milk Powder, Yogurt, and Others
By Application: Bakery & Confectionery, Clinical Nutrition, Frozen Food, and Others 
By Distribution Channel: Supermarkets and Hypermarkets, Online Channel, Speciality Stores, and Others

Key Takeaways

  • The demand of dairy products is rising in Iraq owing to rising trends of using milk in various shakes and other beverages as it helps to provide delicious taste that rising the need of dairy based products and thus rising the growth of Iraq Dairy Products Market.
  • Rising consciousness about health among consumers and growing incidence of various health problems are enhancing the growth of the Iraq Dairy Products Market. 
  • The prominent manufacturers operating in the market will be provided detailed analysis of Strength, Weakness, and Opportunities in the Iraq Dairy Products Market report.
  • Rising lactose intolerance rates owing to consumption of dairy products is set to create hurdles for the Iraq Dairy Products Market.

Iraq Dairy Products Market Size, By Distribution Channel 2020-2026 (USD Million)

Iraq Dairy Products Market Size
For More Details on This Report - Request for Sample

Iraq Dairy Products Market Segment Analysis – By Type

The Iraq Dairy Products Market based on Type can be further distributed into Milk, Cheese, Butter, Cream, Desserts, Milk Powder, Yogurt, and Others. The Milk segment is the major segment generating revenue in 2020. This is mainly owing to its healthy benefits as it contains calcium, protein, vitamin D and many others that rising the consumption of milk among consumers. Moreover, the usage of milk rising in variety of beverages such as chocolate milk shake, etc. that growing the production of milk among manufacturers and thus driving the market growth. The Yogurt segment is estimated to register the fastest CAGR of 6.1% for the period 2021-2026. This is mainly owing to the fact that yogurt are used in variety of dishes to enhancing the taste that rising the production of yogurt. Moreover, rising availability of various flavors of yogurt increases the sales of yogurt which in turn propelling the growth of Iraq Dairy Products Market.

Iraq Dairy Products Market Segment Analysis – By Distribution Channel

The Iraq Dairy Products Market based on Distribution Channel can be further segmented into Supermarkets and Hypermarkets, Online Channel, Speciality Stores, and Others. The Supermarkets and Hypermarkets segment registers for the highest Iraq Dairy Products Market share in 2020. This is mainly owing to its availability of wider range of products and various kind of dairy based products are available in same place which provides easy shopping for consumers. Moreover, separate section of dairy based products in supermarkets and hypermarkets creates no confusion among consumers that rising the preference among consumers for grocery shopping. The Online Channel segment is forecasted to register the fastest CAGR of 7.2% over 2021-2026. This is mainly owing to rising consumption of various flavours of cheese and yogurt that are mostly available in online. Moreover, growing adoption of tetra packed milks and pasteurized milk rising the need of online channels and are thus propelling the growth of Iraq Dairy Products Market.

Iraq Dairy Products Market Drivers

Rising Consciousness about health among consumers

Growing adoption of protein based beverages among health consciousness people rising the need of dairy based products is a major factor driving the market growth. Dairy based products helps to increase the strength of body that rising the consumption among sports person. Moreover, rising demand of dairy based products in various fitness organization increases the production of dairy and therefore rising the growth of the Iraq Dairy Products Market over the period 2021-2026.

Growing Incidence of Various Health Problems 

Rising incidence of various diseases such as osteoporosis increases the adoption of dairy products that further driving the market growth. According to Department of Medicine, the prevalence rate of osteoporosis increase by 22.8% which rising the need of dairy products among Iraqi patients and thus boosting the growth of Iraq Dairy Products Market over the period 2021-2026.

Covid-19 Impact: 

COVID-19 pandemic had greatly impacted the growth of Iraq Dairy Products Market. During pandemic, people are becoming conscious towards their health that rising the adoption of healthy foods and beverages. So, the consumption of dairy products increases in order to increase the immunity to fight against COVID-19 and are positively impacted the growth of Iraq Dairy Products Market.

Iraq Dairy Products Market Challenges 

Rising Lactose Intolerance Among Consumers

The factors that is set to impede the growth of the Iraq Dairy Products Market are rising lactose intolerance owing to excessive consumption of dairy based products which is set to restrain the growth of Iraq Dairy Products Market.

Iraq Dairy Products Market Landscape

Product launches, acquisitions, collaboration, joint ventures, and geographical expansions are key strategies adopted by players in the Iraq Dairy Products Market. Iraq Dairy Products top 10 companies are Zaki Group, Megmilk Snow Brand Co. Ltd, Fonterra Group Cooperative Limited, Dean Foods Company, Parmalat S.P.A, Danone, Unilever, Arla Foods UK Plc, Amul, Kraft Foods Inc, Dairy Farmers of America Inc., and Lactalis.

Development

  • In July 2020, Zaki Group in Iraq launched milk in family size packs that are available in full fat, low fat and fat free white milk and thus rising the market growth.

Relevant Reports:

Report Code: FBR 0079

Report Code: FBR 0476

For more Food and Beverages Market reports - Please click here
1. Iraq Dairy Products Market Overview
    1.1 Definitions and Scope
2. Iraq Dairy Products Market Executive Summary
    2.1 Market Size and Key Trends
    2.2 Key trends by Type
    2.3 Key trends by Application
    2.4 Key trends by Distribution Channel
3. Iraq Dairy Products Market Landscape
    3.1 Market Share Analysis- Key Companies
    3.2 Product Benchmarking- Key Companies
    3.3 Financial Analysis - Key Companies
    3.4 Patent Analysis
    3.5 Pricing Analysis
4. Iraq Dairy Products Market- Startup companies Scenario Premium Premium
    4.1 Key startup company Analysis by
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Application Analysis
        4.1.4 Venture Capital and Funding Scenario
5. Iraq Dairy Products Market- Industry Market Entry Scenario Premium Premium
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing business index
    5.3 Case Studies of successful ventures
6. Iraq Dairy Products Market Forces
    6.1 Market Drivers
    6.2 Market Constraints/Challenges
    6.3 Porters Five Force Model
         6.3.1 Bargaining Power of Suppliers
         6.3.2 Bargaining Powers of Customers
         6.3.3 Threat of New Entrants
         6.3.4 Rivalry Among Existing Players
         6.3.5 Threat of Substitutes
7. Iraq Dairy Products Market Strategic Analysis
    7.1 Value Chain Analysis
    7.2 Opportunities Analysis
    7.3 Market Life Cycle
8. Iraq Dairy Products Market– By Type (Market Size -$Million/$Billion)
    8.1 Milk
    8.2 Cheese
    8.3 Butter
    8.4 Cream
    8.5 Desserts
    8.6 Milk Powder
    8.7 Yogurt
    8.8 Others
9. Iraq Dairy Products Market– Application (Market Size -$Million/$Billion)
    9.1 Bakery & Confectionery
    9.2 Clinical Nutrition
    9.3 Frozen Food
    9.4 Others
10. Iraq Dairy Products Market– By Distribution Channel (Market Size -$Million/$Billion)
    10.1 Supermarkets and Hypermarkets
    10.2 Online Channel
    10.3 Speciality Stores
    10.4 Others
11. Iraq Dairy Products Market Entropy
12. Iraq Dairy Products Market- Industry / Segment Competition landscape Premium Premium
    12.1 Competition Matrix
    12.2 Best Practices for Companies
13. Iraq Dairy Products Market Company Analysis
    13.1 Company Revenue, Products, M&A, Developments
    13.2 Company 1
    13.3 Company 2
    13.4 Company 3
    13.5 Company 4
    13.6 Company 5
    13.7 Company 6
    13.8 Company 7
    13.9 Company 8
    13.10 Company 9
    13.11 Company 10
"*Financials for private companies would be provided on a best efforts basis”.