Cameroon Agriculture Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 3.80 % |
Cameroon Agriculture Market Analysis
The Agriculture Market in Cameroon is estimated at USD 11.26 billion in 2023, and is expected to reach USD 13.57 billion by 2028, growing at a CAGR of 3.80% during the forecast period (2023-2028).
- Agriculture in Cameroon is emerging as a promising industry, and young people are returning to the land, due to donor-funded projects, in particular, the World Bank-funded Agricultural Competitiveness Project (PACA). The main cash crops cultivated include cocoa, coffee, cotton, bananas, rubber, palm oil and kernels, and peanuts. The important food crops are plantains, cassava, corn, millet, and sugarcane.
- Cameroon is the second and sixth largest exports of cocoa beans with USD 647 million and bananas with USD 266 million, respectively. The country also produces coffee, cotton, rubber, and corn. The Cameroonian government has focused to increase production in all six crops and domestic rice production, as the sector faces increasing supply shortages.
- In Cameroon, a new project to redesign agricultural practices and food stability and project is managed by the CDVTA, Community Development Volunteers for Technical Assistance, in collaboration with the Association for Vertical Farming and aims to improve the lives of rural farmers in North West Cameroon by developing local skills and knowledge and to alleviate poverty and food insecurity in the region by helping farmers to improve crop yield, maximize income profit and protect the natural environment. In Cameroon, agriculture is vital in achieving sustainable development goals such as poverty eradication, achieving zero hunger, and ensuring food security further boost the agriculture sector in the country.
Cameroon Agriculture Market Trends
Growing Consumer Preference for Locally Produced Fruits and Vegetables
Increased awareness across various social media platforms related to health and well-being has boosted the demand for various food products and fresh fruits and vegetables. It was estimated that South Africans spend nearly 16% of their incomes on fruits and vegetables. People in the country are discovering the link between healthy food and well-being, and are switching their alternatives to fruits and vegetables. With the rising health consciousness, there is also an increasing consumption trend toward varieties of off-season fruits, which are usually met by rising imports. For vegetables, like beans and cabbage, there is a recent trend of growing consumption, especially among the middle-income group in Cameroon. Crops such as potatoes, tomatoes, onions, okra, peppers, bananas, pineapples, watermelons, mangoes, avocadoes, melons, and peaches are some of the significant fruits and vegetable crops identified with great market growth in Cameroon during the forecast period. An increase in demand for fruits and vegetables was thus reflected by the rise in the production of fruits and vegetables in the country.
The World Vegetable Center in collaboration with Barry Callebaut carried out a project promoting vegetable production to diversify and improve incomes in cocoa communities in Cameroon by training the farmers with good agricultural practices for vegetable production and encourage some farmers to take up the vegetable seed kits containing at least four different crops covering the entire vegetable production process from nursery establishment to harvest. By this local farmers can be able to grow multiple varietyof fruits and vegetables produce which can attract the consumer to buy and this will help the market to grow in the coming years.
Rising Exports of Cereals
Cameroonian cereal crops dominate the agricultural market in the region. Maize is the most important cereal crop, followed by wheat and barley. South Africa reported a total of 2,091.2 metric ton of maize production in 2020. Climatic conditions, coupled with a lack of knowledge about transfer activities, are the major limitation to the agriculture sector in Cameroon.
Government initiatives, like the creation of Agri-parks, and the introduction of projects, like project IFAD, are expected to promote the cultivation of cereal crops in the country and enhance the well-being of rural poor people. Favorable climatic conditions and supportive government policies are expected to drive the Cameroonian food crop market. Maize accounts for more than 80% of the local cereal crop production in Cameroon.
The Cameroonian cereal crop market has matured considerably since the deregulation of marketing. Producers, traders, and other intermediaries interact freely in the marketing of their produce. The Cameroon government also gives the freedom to the farmers to choose the market where they want to trade their products. Hence, if the farmers do not get desirable prices for their production, they can sell their commodities in the international market. By this exports will increase and along with this farmers can also be benefitted which will help the market to grow during the forecast period.
Cameroon Agriculture Market News
- 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.
- September 2022: Cameroon's Minister of Agriculture and Rural Development and the General Manager of the Commercial Bank of Cameroon have signed an agreement for the establishment of an Agricultural Sector Development Fund as part of the implementation of the Agricultural Value Chain Development Project to provide medium-term resources to microfinance institutions in Cameroon so that it can extend flexible medium-term loans (2 to 4 years) to enterprises in the agricultural value chain.
Cameroon Agriculture 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
4.3 Market Restraints
4.4 Value Chain Analysis
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
Cameroon Agriculture 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 in terms of both USD million and volume in terms of metric ton.
Cameroon Agriculture Market Research FAQs
What is the current Agriculture in Cameroon Market size?
The Agriculture in Cameroon Market is projected to register a CAGR of 3.80% during the forecast period (2024-2029)
What years does this Agriculture in Cameroon Market cover?
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.
