Alcoholic Drinks - Iraq

The Alcoholic Drinks market in Iraq has been experiencing significant growth in recent years, driven by changing customer preferences and local special circumstances. Customer preferences in Iraq have shifted towards a more Westernized lifestyle, including the consumption of alcoholic beverages. This can be attributed to the influence of global media and increased exposure to international cultures. As a result, there has been a growing demand for a wide range of alcoholic drinks, including beer, wine, and spirits. Trends in the market indicate a shift towards premium and imported alcoholic drinks. Iraqi consumers are increasingly willing to spend more on higher-quality products, reflecting a desire for sophistication and luxury. This trend is particularly evident in urban areas, where consumers have higher disposable incomes and access to a wider variety of products. Additionally, the younger population in Iraq is more open to experimenting with different types of alcoholic drinks, leading to an increased demand for craft beers and artisanal spirits. Local special circumstances also play a significant role in the development of the Alcoholic Drinks market in Iraq. The country's rich cultural heritage and traditions have historically discouraged the consumption of alcohol. However, in recent years, there has been a shift in societal attitudes towards alcohol, with a growing acceptance and tolerance for its consumption. This change has been driven by factors such as increased exposure to Western cultures, relaxation of social norms, and a desire for socializing and entertainment. Underlying macroeconomic factors also contribute to the growth of the Alcoholic Drinks market in Iraq. The country has experienced a period of relative stability and economic growth, which has led to an expansion of the middle class and an increase in disposable incomes. This has resulted in higher consumer spending on discretionary items, including alcoholic beverages. Additionally, the tourism industry in Iraq has been growing, attracting international visitors who contribute to the demand for alcoholic drinks. In conclusion, the Alcoholic Drinks market in Iraq is developing due to changing customer preferences, a shift towards premium and imported products, local special circumstances, and underlying macroeconomic factors. As Iraq continues to modernize and integrate with the global economy, it is expected that the demand for alcoholic beverages will continue to grow.

Data coverage:
The data encompasses B2C enterprises. The at-home market covers retail sales via super- and hypermarkets, eCommerce, convenience stores, or similar sales channels. The out-of-home data encompasses all sales to hotels, restaurants, catering, cafés, bars, and similar hospitality service establishments. Combined numbers encompass both the at-home market and the out-of-home market. Both the at-home and the out-of-home market are valued at retail selling prices including all sales and consumption taxes.

Modeling approach:
Market sizes are determined through a Top-Down approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use resources from the Statista platform as well as in-house market research, national statistical offices, international institutions, trade associations, companies, the trade press, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending (e.g. consumer spending on alcoholic beverages, consumer spending at Hotels, Restaurants etc.), and price level index. This data helps us estimate the market size for each country individually.

Forecasts:
In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the exponential trend smoothing is well suited for forecasting the Alcoholic Drinks market with a projected steady growth. The main drivers are GDP per capita and consumer spending per capita.

Additional notes:
The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level.