|Urbanisation, Economic Reforms and Post War Era Drive Growth Opportunities for Global Players in Iraq’s Diary Market|
|Iraq’s demand for dairy products likely to rise at a CAGR of 8% by 2025, notes Frost & Sullivan’s Foods Practice|
The dairy industry in Iraq holds lucrative prospects for global players and investors as a result of post war, growing population and new economic reforms. The country’s GDPand household disposable income is expected to grow at CAGR of 6% between 2018 and 2025.High percentage of the youth population is one of the economic strengths of the country, and with almost 60% of the population under the age of 25, Iraq is uniquely positioned to harness the potential of its young generation to promote prosperity despite the multiple challenges it faces.
A recent study conducted by Frost & Sullivan, Dairy Perception and Opportunities in Iraq, estimated that the demand for dairy products in the country is likely to rise at a CAGR of 8% by 2025.
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