Iraq’s population has recently surpassed 40 million, directly impacting the red meat sector. Official statistics indicate that total red meat production in Iraq does not exceed 182,160 tons, representing a deficit in the growing demand for red meat, according to the latest statistics from Mashroo3k Economic Consulting Company, on the advantages and opportunities of investing in a cattle farm project in Iraq.
Investing in a cow farm in Iraq
Iraq’s red meat imports over the past five years have averaged approximately $763 million, according to statistics from the International Trade Center. This indicates investment opportunities in a cattle farm project in Iraq, with the highest return on investment and the best payback period.
Global market indicators show an increasing demand for red meat production worldwide, according to the following indicators:
The global meat industry was valued at $838.3 billion in 2020.
The global meat industry is expected to be worth $1,157.6 billion by 2025.
328 million metric tons is the total world meat production by the end of 2020.
374 million metric tons is the total expected world meat production in 2030, according to reports from the Organization for Economic Co-operation and Development (OECD).
The global beef market size is expected to reach USD 383.5 billion by 2025.
3.1% CAGR of beef market value until 2025.
The halal meat market size will expand at a CAGR of 2.7% until 2025.
