The project involves establishing a processed meat products factory in Iraq, producing various types of processed meats, such as bacon, luncheon meat, bacon, hamburgers, sausages, and more. The project targets restaurants, hotels, wholesale and retail stores, and individuals. The increased demand for processed meat, the use of high-quality materials, and the availability of specialized technical labor will undoubtedly be key factors in the project’s success.
In 2020, the global processed meat market was valued at approximately US$523.1 billion and is expected to expand at a CAGR of 5.9% to reach US$737.2 billion by 2026.
Mashroo3k Consulting recommends investing in a processed meat products factory project in Iraq, due to the population increase in recent years at an annual growth rate of 2%. It’s worth noting that Iraq’s population reached 40.1 million in 2020 and is expected to reach 43.8 million by 2026.
