Mashroo3k Economic Consulting Company offers a feasibility study for a fruit and vegetable freezing plant project to achieve the highest return on investment and the best payback period. This study is based on a series of in-depth studies of the Iraqi market size, an analysis of local and foreign competitors’ strategies, and competitive pricing.
The fruit and vegetable freezing plant prepares and freezes vegetables, such as beans, peas, broccoli, jute, and potatoes, as well as fruits, such as strawberries, mangoes, and raspberries. The fruit and vegetable freezing plant targets hospitals, hotels, tourist villages, restaurants, and wholesale and retail retailers.
Freezing fruits and vegetables helps preserve them from spoilage. The freezing process stabilizes the growth of microorganisms and the activity of certain enzymes, which are often the primary cause of food spoilage. Demand for frozen fruits and vegetables in the Iraqi market is growing steadily, enabling the project to provide local distribution services and export to other countries.
Mashroo3k Economic Consulting provides investors interested in investing in a fruit and vegetable freezing plant project in Iraq with a set of specialized feasibility studies based on up-to-date databases specific to the Iraqi market. This helps ensure the project’s success, achieves the highest return on investment, and provides the best payback period.
Executive Summary
Study of project services/products
Market Size Study
Risk study
Technical study
Financial study
Organizational and administrative study
In recent years, the population of the Gulf Cooperation Council (GCC) countries has grown at a compound annual growth rate of 2.4%, reaching a total of 59.5 million people. With this steady increase and openness to global cultures, demand for food products and their markets is increasing. Saudi Arabia accounts for 65.3% (8.8 million metric tons) of the food market, followed by Oman with a 15.4% share, and the UAE with a 9.7% share. Kuwait, Qatar, and Bahrain share 6%, 2.8%, and 0.7% respectively.
GCC countries consume 42.9 million metric tons of food annually.
The average per capita food consumption is 733.6 kg/year.
Among the Gulf countries, Oman has the highest per capita food consumption rate. At 930.8 kg per year, Bahrain had the lowest per capita consumption (622 kg per year).
The GCC countries consume 17.6 million metric tons of grains annually.
Grains alone account for 41.1% of the total food consumed in the GCC, with vegetables coming in second at 15.5%.
Grains account for the largest share of the region’s total imports (56.1%), followed by vegetables (13.1%).
Total grain production in the region has declined at a compound annual growth rate of 8.2% since 2014; however, fish and egg production has increased.
Vegetables, fruits, and dairy products together account for 65.8% of the total food produced in the region.
