Market Insights Consumer Food Bread & Cereal Products

Rice - Cameroon

Cameroon

Revenue in the Rice market amounts to US$79.28m in 2024. The market is expected to grow annually by 5.82% (CAGR 2024-2029).
In global comparison, most revenue is generated in China (US$149,900m in 2024).
In relation to total population figures, per person revenues of US$2.70 are generated in 2024.
In the Rice market, volume is expected to amount to 80.93m kg by 2029. The Rice market is expected to show a volume growth of 3.1% in 2025.
The average volume per person in the Rice market is expected to amount to 2.4kg in 2024.

Key regions: Spain, China, Canada, India, South Korea

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Analyst Opinion

The Rice Market in Cameroon has seen minimal growth in recent years, influenced by factors such as limited technological advancements, low consumer health awareness, and lack of convenience in accessing online services.

Customer preferences: As Cameroon's middle class continues to grow, there has been a shift towards healthier food options, including rice. This trend is driven by a desire for more nutritious and diet-friendly choices, as well as a growing awareness of the health benefits of rice. Additionally, there has been a rise in demand for organic and sustainably sourced rice, reflecting a growing concern for environmental sustainability and ethical consumption among consumers in Cameroon.

Trends in the market: In Cameroon, the Rice Market of the Bread & Cereal Products Market within The Food market is experiencing a surge in demand for organic and locally-sourced rice. This trend is driven by increasing consumer awareness of the health and environmental benefits of organic rice, as well as the desire to support local farmers. This trajectory is significant as it reflects a shift towards sustainability and supporting local economies. For industry stakeholders, it presents opportunities for diversification and partnerships with local farmers, while also highlighting the need for sustainable production practices.

Local special circumstances: In Cameroon, the Rice Market of the Bread & Cereal Products Market within The Food market is heavily influenced by the country's geographic location and cultural traditions. As a landlocked country, Cameroon relies heavily on imports for its rice supply. This has led to government regulations and policies aimed at promoting domestic rice production and reducing reliance on imports. Additionally, rice is a staple food in Cameroon, with cultural and traditional significance, leading to consistent demand and consumption. These factors create a unique market dynamic, shaping the supply and demand for rice in Cameroon.

Underlying macroeconomic factors: The Rice Market of the Bread & Cereal Products Market within The Food market in Cameroon is greatly impacted by macroeconomic factors such as global economic trends, national economic health, fiscal policies, and other financial indicators. For instance, the rice market in Cameroon is heavily influenced by the country's overall economic stability and growth. Additionally, government policies and regulations related to trade, agriculture, and food security also play a significant role in shaping the rice market in Cameroon. Moreover, the increasing demand for rice as a staple food in many African countries, coupled with the growing population and changing dietary preferences, has a major impact on the overall performance of the rice market in Cameroon.

Methodology

Data coverage:

The data encompasses B2C enterprises. Figures are based on the total consumer spending on food, which comprises all private household spending on food that is meant for at-home consumption (out-of-home consumption is not accounted for).

Modeling approach:

Market sizes are determined through a top-down approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use resources from the Statista platform as well as in-house market research, national statistical offices, international institutions, trade associations, companies, the trade press, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending, and consumer price index. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the exponential trend smoothing is well suited for forecasting the Food market with a projected steady growth. The main drivers are GDP per capita and consumer spending per capita.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year.