logo

Agriculture In Cameroon Market Size (2024 - 2029)

The agriculture sector in Cameroon is experiencing growth, with a focus on increasing the market size through the cultivation of key cash and food crops. Initiatives supported by donor-funded projects are encouraging youth engagement in agriculture, contributing to the sector's expansion. The government's efforts to boost production and address supply shortages are pivotal in this growth trajectory. Additionally, projects aimed at redesigning agricultural practices and enhancing food stability are crucial for improving the livelihoods of rural farmers, thereby supporting sustainable development goals and further enhancing the market's potential.

Home Market Analysis Agriculture Research Agricultural Commodities Research Agriculture In Cameroon Market Size

Market Size of Agriculture In Cameroon

Crops in Cameroon Market Summary
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 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)

Need A Different Region Or Segment?
Customize Now

Agriculture In Cameroon Size Summary

The agriculture sector in Cameroon is poised for significant growth, driven by various initiatives and projects aimed at enhancing agricultural practices and increasing crop yields. The industry is supported by donor-funded projects, such as the World Bank's Agricultural Competitiveness Project, which encourages youth engagement in agriculture. Cameroon is a major producer and exporter of cash crops like cocoa, coffee, and bananas, while also focusing on increasing domestic production of essential food crops to address supply shortages. Collaborative efforts by organizations like the Community Development Volunteers for Technical Assistance and the Association for Vertical Farming aim to improve the livelihoods of rural farmers by enhancing local skills and knowledge, thereby contributing to poverty alleviation and food security.

The demand for fresh fruits and vegetables is on the rise, fueled by increased health consciousness among consumers. This trend is reflected in the growing production of various fruits and vegetables, supported by projects from the World Vegetable Center and Barry Callebaut, which promote vegetable production in cocoa communities. The cereal crop market, dominated by maize, is also experiencing growth due to favorable climatic conditions and supportive government policies. Initiatives like Agri-parks and the IFAD project are expected to further boost cereal crop cultivation. The deregulation of marketing has matured the cereal crop market, allowing farmers to freely trade their produce, which is anticipated to enhance exports and benefit the agricultural market in Cameroon during the forecast period.

Explore More

Agriculture In Cameroon Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

      1. 1.2.1 Increasing Domestic Demand

      2. 1.2.2 International Trade Opportunities

      3. 1.2.3 Government Initiatives and Policies to Increase Production

    3. 1.3 Market Restraints

      1. 1.3.1 Climate Change and Environmental Challenges

      2. 1.3.2 Pest and Disease Outbreaks

  2. 2. MARKET SEGMENTATION Production Analysis (Volume), Consumption Analysis (Value and Volume), Export Analysis (Value and Volume), Import Analysis (Value and Volume), and Price Trend Analysis.

    1. 2.1 Cereals

    2. 2.2 Fruits

    3. 2.3 Vegetables

    4. 2.4 Cash Crops

Agriculture In Cameroon Market Size FAQs

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.

In 2024, the Agriculture In Cameroon Market size is expected to reach USD 11.26 billion.

Agriculture In Cameroon Report Snapshots

Crops In Cameroon Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)