Cameroon Grains Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 4.80 % |
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 Market Trends
This section covers the major market trends shaping the Cameroon Grains Market according to our research experts:
Increasing Demand for Animal Feed
- The constant increase in the demand for animal feed is due to the increased animal population across the country. Private companies, as well as the government of Cameroon, are focusing on the development of feed production in the region, which will ultimately boost their economic structure. For instance, the government started the livestock project in 2020, which will end in 2024, to develop more infrastructure for livestock and increase the production of feed for the animals.
- Furthermore, In 2021, Cameroonian animal feed producer SPC expanded its company in the region. The company invested in its new plant to start its activities of animal feed production. The feed formula includes locally-grown raw materials that provide the energy and protein required to ensure the nutritional optimization of the product range: maize and derivatives, soya, groundnut, cotton, and palm kernel meal.
- Maize is the primary source of animal feed in Cameroon. The Food and Agriculture Organization (FAO) describes it as the king of feed ingredients because of its high energy content and digestibility. Maize and protein concentrate traditionally comprise over 70% of farm-made diets. Increasing demand from the animal feed industry is stressing the production of maize. Hence, farmers are responding with improved yields by adopting high-yielding varieties and hybrid seeds, and production has been increasing.
- According to Food and Agriculture Organization (FAO), the production of maize in the country was reported at 2,100,146.82 metric tons in the year 2021, which was 2,091,263.2 metric tons in 2020.
Wheat Consumption High among Cereals
- The grains market can be broadly segmented into three categories: cereal crops, pulses, and oilseeds. Maize, rice, sorghum, and millet are the major cereal crops cultivated across various parts of Cameroon. Although the production of wheat in the country is increasing, consumption is gradually increasing, leading to increased imports. The country imports 60% of its wheat from Ukraine. Russia and Ukraine are the largest exporters of wheat to the country. However, the Russia-Ukraine war impacted the import of wheat.
- The war between Russia and Ukraine disrupted the country's situation. In 2022, protests sparked in the country because of a shortage of wheat and a price hike. Hence, to reduce the import dependency, the Cameroonian government invested USD 15 million in wheat production in the country.
Cameroon Grains Market News
- September 2022: The Ministery of Agriculture and Rural Development and the Food and Agriculture Organization (FAO) representative in Cameroon, Dr. Athman Mravili, jointly signed a support project for implementing the Hand in Hand Initiative in Cameroon. With this initiative, the organization will help the country establish multi-stakeholder and cross-sectoral partnerships to ensure the country's strong commitment to donors.
- May 2022: The World Bank funded an emergency project to combat the food crisis in Cameroon and strengthen the food crisis. This project started in 2022 and will proceed till 2025. This project is inclusive of 5 sectors, of which agriculture is one of them.
Cameroon Grains 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
5.1 By Type
5.1.1 Cereals
5.1.1.1 Production Analysis
5.1.1.2 Consumption Analysis and Market Value
5.1.1.3 Import Market Analysis (Volume and Value)
5.1.1.4 Export Market Analysis (Volume and Value)
5.1.1.5 Price Trend Analysis
5.1.2 Pulses
5.1.2.1 Production Analysis
5.1.2.2 Consumption Analysis and Market Value
5.1.2.3 Import Market Analysis (Volume and Value)
5.1.2.4 Export Market Analysis (Volume and Value)
5.1.2.5 Price Trend Analysis
5.1.3 Oilseeds
5.1.3.1 Production Analysis
5.1.3.2 Consumption Analysis and Market Value
5.1.3.3 Import Market Analysis (Volume and Value)
5.1.3.4 Export Market Analysis (Volume and Value)
5.1.3.5 Price Trend Analysis
6. MARKET OPPORTUNITIES AND FUTURE TRENDS
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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Cameroon Grains Market Research 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.
Cameroon Grains Industry Report
Statistics for the 2024 Cameroon Grains market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Cameroon Grains analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
Cameroon Grains Market Report Snapshots
