Crops in Cameroon Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Market Size (2024) | USD 11.26 Billion |
| Market Size (2029) | USD 13.90 Billion |
| CAGR (2024 - 2029) | 3.80 % |
Crops in Cameroon Market Analysis
The Agriculture In Cameroon Market size is estimated at USD 11.26 billion in 2024, and is expected to reach USD 13.90 billion by 2029, at a CAGR of 3.80% during the forecast period (2024-2029).
Agriculture is a cornerstone of Cameroon's economy, employing a substantial portion of the population and contributing significantly to GDP. The crop agriculture market in Cameroon is experiencing growth, driven by increased domestic demand, export opportunities, and improvements in farming techniques. Key crops such as cocoa, coffee, bananas, maize, and cassava have seen increased production levels. Cereal crop production, for example, rose to 3.8 million metric tons, a 3.3% increase from the previous year. This growth is supported by government initiatives aimed at improving the agricultural sector.
Cocoa and coffee are particularly important for Cameroon's exports. As per ITC Trademap, in 2023, Cameroon became the fourth-largest cocoa exporter globally, capturing 7.6% of the market share. Despite exporting 55,445 metric tons less than in 2022, the country's revenue from cocoa exports increased by 12.9%, reaching over USD 600 million. This revenue boost was primarily due to a 21.2% rise in international cocoa prices, offsetting the decrease in export volume.
The Cameroonian government has implemented several programs to support farmers, including subsidies for agricultural inputs, training in modern farming techniques, and initiatives to improve rural infrastructure. These efforts aim to increase agricultural productivity, ensure food security, and promote sustainable farming practices. For instance, In July 2024, a USD 20 million project funded by the Central Africa Forest Initiative (CAFI) will support Cameroon's small-scale cocoa and coffee producers in adapting to new European Union (EU) regulations. This initiative aims to ensure continued exports to the EU while transitioning to deforestation-free agroecological practices based on sustainable principles. The United Nations' International Fund for Agricultural Development (IFAD) will implement the project in collaboration with Cameroon's Coffee and Cocoa Development Fund (FODECC). FODECC is a unique funding tool created by Cameroon to support small-scale producers in their agroecological coffee and cocoa production.
The agriculture sector in Cameroon has significant potential for growth. However, to further enhance productivity and sustainability, the sector must address challenges such as climate change, infrastructure gaps, and financial limitations.
Crops in Cameroon Market Trends
Growing Consumer Preference for Locally Produced Fruits and Vegetables
Increased awareness of health and well-being across various social media platforms has boosted the demand for fresh fruits and vegetables in Cameroon. It is estimated that Cameroonians spend nearly 16% of their income on fruits and vegetables. As people in the country recognize the link between healthy food and well-being, they are increasingly choosing fruits and vegetables as dietary alternatives. This rising health consciousness has also led to a growing consumption trend for off-season fruits, often met through increased imports.
Significant fruits and vegetable crops with potential for market growth in Cameroon include potatoes, tomatoes, onions, okra, peppers, bananas, pineapples, watermelons, mangoes, avocadoes, melons, and peaches. The increase in fruit and vegetable production in the country reflects the rising demand. According to the FAOSTAT database, fruit production increased to a million metric tons in 2022, representing a 6.2% growth from 2019.
The government and various NGOs are working to improve market access for local farmers, ensuring they can reach consumers more effectively. These efforts include the development of better infrastructure and transportation networks.
The growing consumer preference for locally produced fruits and vegetables in Cameroon supports both health and the local economy. With continued support from the government and community initiatives, the local agriculture sector has the potential to thrive, ensuring consumers have access to fresh, high-quality produce while benefiting local farmers and the economy.
Cereal crops Driving the Growth of the Agriculture Market
Cereal crops dominate Cameroon's agricultural market, with maize being the primary crop, followed by rice, sorghum, and millet. According to FAOSTAT, maize accounts for over 57.2% of local cereal crop production. In 2022, Cameroon produced 2,200 thousand metric tons of maize. However, the agriculture sector faces challenges due to climatic conditions and limited knowledge of modern farming practices.
Government efforts to enhance agricultural production and projects like the International Fund for Agricultural Development (IFAD) aim to promote cereal crop cultivation and improve rural populations' well-being. These initiatives are expected to drive growth in Cameroon's food crop market.
Since the deregulation of agricultural marketing, Cameroon's cereal crop market has developed significantly. Producers, traders, and intermediaries now interact freely, allowing greater flexibility in marketing produce. The government permits farmers to choose their markets, both domestically and internationally. This flexibility ensures that farmers can sell their commodities internationally if domestic prices are unfavorable. This approach is expected to boost exports and benefit farmers, contributing to market growth during the forecast period.
Cameroon's cereal crop market, particularly maize production, is crucial to the region's agriculture. With ongoing government support, improved market dynamics, and favorable conditions, the sector is positioned for significant growth, benefiting farmers and the broader economy.
Crops in Cameroon Market News
- October 2024: Cameroon has joined the AgSys (Sustainable Agricultural Systems and Policies) project, a global initiative launched by the German Federal Ministry for Economic Cooperation and Development (BMZ). The project, funded with USD 5.4 million, will run until 2027. It aims to assist Cameroon in transforming its agricultural systems to improve sustainability.
- May 2023: Over the next five years, the Cameroonian government, under its National Strategy for Inclusive Finance (SNFI), has allocated USD 17.4 million to enhance agricultural financing within the country.
- November 2022: The International Development Association of the World Bank agreed on a USD 200 million loan to support the development of irrigation infrastructure which aims to support regional water security and governance of water resources, also promote agriculture and agribusiness production, and support the implementation of a new rice cultivation plan.
Agriculture In Cameroon Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Increasing Domestic Demand
4.2.2 International Trade Opportunities
4.2.3 Government Initiatives and Policies to Increase Production
4.3 Market Restraints
4.3.1 Climate Change and Environmental Challenges
4.3.2 Pest and Disease Outbreaks
5. MARKET SEGMENTATION Production Analysis (Volume), Consumption Analysis (Value and Volume), Export Analysis (Value and Volume), Import Analysis (Value and Volume), and Price Trend Analysis.
5.1 Cereals
5.2 Fruits
5.3 Vegetables
5.4 Cash Crops
6. REGIONAL ANALYSIS
6.1 PESTLE Analysis
6.2 Government Regulation and Policy
6.3 Distribution Channel Analysis
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Crops in Cameroon Industry Segmentation
The report defines agricultural products in terms of the end-users. For this report, the market scope includes only fresh agricultural produce. The Cameroonian agriculture market is segmented by Cereals and Grains, Cash Crops, Fruits, and Vegetables. 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. The report offers market sizing in value (USD) and volume (Metric Tons)
Agriculture In Cameroon Market Research Faqs
How big is the Agriculture In Cameroon Market?
The Agriculture In Cameroon Market size is expected to reach USD 11.26 billion in 2024 and grow at a CAGR of 3.80% to reach USD 13.90 billion by 2029.
What is the current Agriculture In Cameroon Market size?
In 2024, the Agriculture In Cameroon Market size is expected to reach USD 11.26 billion.
What years does this Agriculture In Cameroon Market cover, and what was the market size in 2023?
In 2023, the Agriculture In Cameroon Market size was estimated at USD 10.83 billion. The report covers the Agriculture In Cameroon Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Agriculture In Cameroon Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Agriculture In Cameroon Industry Report
Statistics for the 2024 Agriculture in Cameroon market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Agriculture in Cameroon analysis includes a market forecast outlook to for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
Agriculture In Cameroon Report Snapshots
