Market Size of Grains Industry in Cameroon
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 4.80 % |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Cameroon Grains Market Analysis
The Cameroon grains market is expected to register a CAGR of 4.8% for the forecast period.
- The market focuses on catering to domestic demands. The grains market includes cereal crops, pulses, and oilseeds. Cameroon is not a self-sufficient country when it comes to the cereal market. As a result, various cereal crops are imported from other countries.
- Maize is the most widely cultivated cereal crop, with a harvest area of about 11,86,193 hectares. According to Food and Agriculture Organization Corporate Statistical (FAOSTAT) database, maize production was around 2.3 million metric tons in 2021. The most widely cultivated crops in the country among pulses are beans, followed by cowpea, and, among oilseeds, groundnut, followed by sesame. Groundnut production, one of the country's major oil crops, was 500,000 metric tons in 2021.
- Wheat consumption is high in the country. However, domestic wheat production is not sufficient enought to fulfill the consumption rate; hence, Cameroon exports a large quantity of wheat and is one of the biggest wheat importers. However, to increase self-sufficiency, the country's President increased funding to increase wheat production within the country, especially after a protest sparked due to the shortage of wheat in the country.
Cameroon Grains Industry Segmentation
Grain is a small hard seed of grasses, such as wheat, rice, and corn, harvested for animal use and consumption.
The Cameroon grains market market offers an analysis of the major crops that are segmented into cereals, pulses, and oilseeds. A detailed analysis of the market is provided by giving the production analysis, consumption analysis (value and volume), import analysis (value and volume), export analysis (value and volume), and price trend analysis within the country.
The report offers market estimation and forecasts in value (USD million) and volume (metric ton) for the above-mentioned segments.
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Grains Market in Cameroon Size Summary
The Cameroon grains market is poised for growth, driven by a compound annual growth rate over the forecast period. The market primarily addresses domestic needs, encompassing cereal crops, pulses, and oilseeds. Despite being a significant producer of maize, which dominates the cereal crop sector, Cameroon relies heavily on imports to meet its cereal demands, particularly wheat. The country's agricultural landscape is characterized by a strong focus on enhancing self-sufficiency, especially in wheat production, following challenges such as protests due to shortages and price hikes. The government's initiatives, including increased funding and projects like the Hand in Hand Initiative, aim to bolster domestic production capabilities and reduce dependency on imports.
The demand for animal feed is a significant driver of the grains market, spurred by a growing animal population. Both private enterprises and government efforts, such as the livestock project, are enhancing feed production infrastructure. Maize serves as a crucial component of animal feed, valued for its energy content and digestibility. The feed industry is responding to rising demand by adopting high-yielding varieties and hybrid seeds, thereby increasing maize production. The market's segmentation into cereal crops, pulses, and oilseeds highlights the diverse agricultural activities in Cameroon, with ongoing efforts to strengthen the sector through international partnerships and financial support from organizations like the World Bank.
Grains Market in Cameroon Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.3 Market Restraints
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1.4 Value Chain Analysis
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2. MARKET SEGMENTATION
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2.1 By Type
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2.1.1 Cereals
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2.1.1.1 Production Analysis
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2.1.1.2 Consumption Analysis and Market Value
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2.1.1.3 Import Market Analysis (Volume and Value)
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2.1.1.4 Export Market Analysis (Volume and Value)
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2.1.1.5 Price Trend Analysis
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2.1.2 Pulses
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2.1.2.1 Production Analysis
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2.1.2.2 Consumption Analysis and Market Value
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2.1.2.3 Import Market Analysis (Volume and Value)
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2.1.2.4 Export Market Analysis (Volume and Value)
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2.1.2.5 Price Trend Analysis
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2.1.3 Oilseeds
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2.1.3.1 Production Analysis
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2.1.3.2 Consumption Analysis and Market Value
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2.1.3.3 Import Market Analysis (Volume and Value)
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2.1.3.4 Export Market Analysis (Volume and Value)
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2.1.3.5 Price Trend Analysis
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Grains Market in Cameroon Market Size FAQs
What is the current Cameroon Grains Market size?
The Cameroon Grains Market is projected to register a CAGR of 4.80% during the forecast period (2024-2029)
What years does this Cameroon Grains Market cover?
The report covers the Cameroon Grains Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Cameroon Grains Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.