Market Size of Uganda Grains Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Market Size (2024) | USD 4.45 Billion |
Market Size (2029) | USD 5.43 Billion |
CAGR (2024 - 2029) | 4.10 % |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Uganda Grains Market Analysis
The Uganda Grains Market size is estimated at USD 4.45 billion in 2024, and is expected to reach USD 5.43 billion by 2029, growing at a CAGR of 4.10% during the forecast period (2024-2029).
- Grains grown in Uganda include maize, millet, sorghum, rice, and wheat. They play a prominent role in increasing the income of smallholder farmers and the national economy. The growing demand for grains increased regional exports to East Africa, and favorable government policies supporting grain production are some factors driving the market growth.
- In 2022, the government of Uganda extended the ban imposed in 2021 on the export of grains and other farms' produce, with the latter imposing high taxes to prevent food exports to neighboring countries to ensure food security and increase local poultry and livestock production. Another reason for banning is grain prices soared, partly because of Russia's war on Ukraine. Uganda has focused on boosting local production to ensure enough supplies and productivity.
- There are significant investment opportunities in Uganda's agriculture sector, including production, input supply, value-added processing, standards compliance and export, and post-harvest handling. These will help the market grow in the coming years.
Uganda Grains Industry Segmentation
Agriculture is one of the most critical sectors of the Ugandan economy. A grain is a small, hard, dry fruit with or without an attached hull layer and is harvested for human or animal consumption. The Uganda Grains Market is segmented by Type (Maize, Millet, Rice, and Sorghum). The report includes the Production Analysis (Volume), Consumption Analysis (Value and Volume), Export Analysis (Value and Volume), Import Analysis (Value and Volume), and Price Trend Analysis of each grain mentioned. The report offers the market size and forecasts in terms of both volume in metric tons and value in USD thousand for all the above segments.
Type (Production Analysis, Consumption Analysis, Import Market Analysis by Value and Volume, Export Market Analysis by Value and Volume, and Price Trend Analysis) | |
Maize | |
Millet | |
Sorghum | |
Rice |
Uganda Grains Market Size Summary
The cereals market in Uganda is poised for growth, driven by the cultivation of key grains such as maize, millet, sorghum, rice, and wheat. These crops are integral to the livelihoods of smallholder farmers and the broader national economy. The market is bolstered by increasing regional demand and exports within East Africa, supported by favorable government policies aimed at enhancing grain production. Despite challenges such as export bans and high taxes intended to ensure local food security, Uganda is focusing on boosting domestic production to meet rising demand. The country's fertile land and significant arable area present substantial opportunities for agricultural expansion, particularly in maize, which is a staple crop contributing significantly to the nation's calorie intake.
Investment opportunities in Uganda's agricultural sector are abundant, encompassing areas such as production, value-added processing, and post-harvest handling. The government's initiatives, including the National Grain Trade Policy, aim to improve food security and industrialization, aligning with national development goals. International collaborations, such as those with India, are set to enhance agricultural practices and technology transfer. Infrastructure improvements, supported by financial investments from entities like the African Development Bank, are expected to reduce transportation costs, facilitating trade. Efforts to improve grain quality and address post-harvest challenges are ongoing, with initiatives from organizations like the Eastern Africa Grain Council playing a crucial role in enhancing the market's growth prospects.
Uganda Grains 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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2. MARKET SEGMENTATION
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2.1 Type (Production Analysis, Consumption Analysis, Import Market Analysis by Value and Volume, Export Market Analysis by Value and Volume, and Price Trend Analysis)
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2.1.1 Maize
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2.1.2 Millet
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2.1.3 Sorghum
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2.1.4 Rice
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Uganda Grains Market Size FAQs
How big is the Uganda Grains Market?
The Uganda Grains Market size is expected to reach USD 4.45 billion in 2024 and grow at a CAGR of 4.10% to reach USD 5.43 billion by 2029.
What is the current Uganda Grains Market size?
In 2024, the Uganda Grains Market size is expected to reach USD 4.45 billion.