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Iran Dairy Products Market Is Ready To Grow
Dairy Products
According to TechSci Research report dairy products market in Iran is forecast to grow at a high CAGR of around 22%, during 2016-2021, which can be attributed to increasing urbanization, rising health consciousness among youth population, growing preference for packaged dairy products among people living in rural and semi-urban regions and upliftment of economic sanctions that enabled international trade in the country. Increase in the number of malnutrition cases in the country has led to higher awareness among people, regarding consumption of packaged milk and other packaged dairy products.
This is expected to accelerate growth in the country’s dairy products market through 2021. During 2011-2015, Iran dairy products market experienced high demand for value-added dairy products such as butter & margarine, cheese, yogurt, ice cream, etc., across the country. In order to address this demand, a large number of domestic, as well as international dairy product manufacturers operating in Iran, are offering high-quality products, with no adulteration.
Upliftment of trade sanctions from Iran enabled domestic players operating in the country’s dairy products market to import technologically advanced machinery and equipment for production of milk and eliminated trade barriers that would help domestic players to export dairy products to various markets in Europe and North America. Moreover, Tehran and Tabriz regions of Iran were major revenue generators in Iran dairy products market in 2015 and these regions are expected to maintain their dominance in the country during the forecast period, due to the presence of major dairy products companies offering innovative products through a robust distribution network
Moreover, Tehran and Tabriz regions of Iran were major revenue generators in Iran dairy products market in 2015 and these regions are expected to maintain their dominance in the country during the forecast period, due to the presence of major dairy products companies offering innovative products through a robust distribution network
“Increasing government initiatives and investments in the country’s dairy industry, upliftment of economic sanctions on Iran, and growing focus towards diversification of Iran’s economy into non-oil sectors and establishment of a well-knit network of farms for milk supply to factories are few of the major reasons anticipated to fuel growth of dairy products market in Iran in the coming years.
Source: TechSci Research
