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The Iraq dried pasta market exhibited moderate growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of 5.8% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.
The dried pasta market in Iraq is experiencing healthy growth rates, owing to the increasing penetration of foodservice joints and restaurants especially in the capital city, Baghdad, where the presence of several European restaurants have been increasing in the last few years. The market is also being catalyzed by the increasing westernization of food habits, driven by the booming food service sector offering exposure to western food items, leading to a change in palatability and food patterns of the Iraqi consumers. Moreover, due to increasing urbanizations, consumers living in urban settlements are increasingly demanding pasta due to its easy-to-cook nature and hassle-free preparation, thereby further augmenting the demand for dried pasta in the country. In response to the growing demand, many domestic players are foraying into the Industry. The market, however, is currently import-dependent with the majority of the dried pasta being imported from Turkey and Iran.
Market Breakup by SKU
Market Breakup by Shape
The report has also examined the competitive landscape of Iraq dried pasta market and provides the profiles of the key players operating in this market.
According to the estimates by IMARC Group, the Iraq dried pasta market is expected to witness a CAGR of 5.8% during 2021-2026.
Sudden outbreak of the COVID-19 pandemic had resulted in an increasing demand for food items with longer shelf life, such as dried pasta. However, numerous travel restrictions, labor shortages and disrupted supply chains in the country had negatively impacted the market for dried pasta.
The rising demand for easy-to-cook food products, along with the increasing penetration of foodservice joints and restaurants, represent some of the key drivers for the Iraq dried pasta market.
The growing preference of western food items and escalating number of domestic players foraying into the industry are some of the key trends in the Iraq dried pasta market.
On the basis of the SKU, the market has been bifurcated into 500g, 400g, 200/250g, 1kg, 5kg, and others. Currently, 500g holds the majority of the total market share.
On the basis of the shape, the market has been divided into penne, fusilli, spaghetti, farfalle and others. Among these, penne-shaped dried pasta represents the largest segment.
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