In a highly consolidated business landscape, top five companies in the Iraq edible oils & fats market hold 70% of the overall market, states Transparency Market Research (TMR) in a new report. Marsan Gida San Ve Tic A.S. – the holding company which owns five brands in the edible oil and fats category is a key factor for its high market share. Heavy investments for research & development, joint ventures, and mergers and acquisitions have been key competitive strategies adopted by key players in this market. Expanding production facility in cost-effective regions has also been on the growth chart of leading players in the Iraq edible oils & fats market.
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.
