Food - Cameroon

Cameroon

Revenue in the Food market amounts to US$10.72bn in 2024. The market is expected to grow annually by 6.84% (CAGR 2024-2029).
The market's largest segment is the segment Meat with a market volume of US$2.11bn in 2024.
In global comparison, most revenue is generated in China (US$1,601bn in 2024).
In relation to total population figures, per person revenues of US$364.70 are generated in 2024.
In the Food market, 1.0% of total revenue will be generated through online sales by 2024.
In the Food market, volume is expected to amount to 3,532.00m kg by 2029. The Food market is expected to show a volume growth of 3.9% in 2025.
The average volume per person in the Food market is expected to amount to 101.00kg in 2024.

Key regions: United States, Canada, China, India, South Korea

Definition:

The food market covers all edible products that are bought and consumed for nutrient-based purposes. The market includes both fresh and processed foods.

Structure:

The market consists of 13 different markets:

The Dairy products & Eggs market covers animal products, such as milk, eggs and products made from mammal’s milk and non-animal products, such as milk substitutes. This market is divided into six subsegments that include milk, milk substitutes, yogurt, cheese, eggs and other dairy products and eggs.
The Meat market covers animal products, such as pork, poultry, and free-from meat products, such as meat substitutes. This market is divided into three submarkets: fresh meat, processed meat, and meat substitutes.
The Fish & Seafood market covers products made from fish and seafood. This market is divided into three submarkets: fresh fish, fresh seafood, and processed fish & seafood.
Fruits & Nuts cover edible fruits and nuts. This market is divided into three submarkets: fresh fruits, processed & frozen fruits, and nuts.
The Vegetables market covers edible plants. This market is divided into two submarkets: fresh vegetables, processed & frozen vegetables.
The Bread & Cereal products market covers baked goods made from dough. Dough is made using flour, water, a leavening agent, and other optional ingredients. This market also covers products made from cereals that are usually used as part of a main meal. This market is divided into five submarkets: bread, pasta, rice, breakfast cereals and other cereal products.
The Oils and Fats market covers both edible oils and fats made from animals and plants. This market is divided into four submarkets: butter, margarine, edible oils, and other oils & fats.
The Sauces and Spices market covers additional ingredients used during the food preparation process and is divided into three submarkets: tomato ketchup, other sauces, and spices & culinary herbs.
The Convenience food market covers prepared food and meals that require little effort to prepare. This market is divided into two subsegments, soups and ready-to-eat meals.
The Spreads and Sweeteners market covers spreads and ingredients added to food or beverages to give it a sweet flavor. This market is divided into two subsegments, spreads and sweeteners.
The Confectionery & Snacks market covers sweet, savory, and salty food. This market is divided into two subsegments, confectionery and snacks.
The Baby food market covers food that is only meant to be consumed by babies and small children.
The Pet food market covers food that is intended for pet use only.

Additional Information:

The market comprises revenue and average revenue per capita, volume and average volume per capita, price per unit (unit refers to kilogram), and sales channels. The market encompasses retail sales through both online and offline sales channels to private end customers (B2C). The market only covers at-home consumption; out-of-home consumption is not included. The out-of-home revenue data is only shown as a separate box at the market level.

For more information on the displayed data, click the info button on the right side of each box.

Market

Region

Region comparison

Currency

Analyst Opinion

The Food market in Cameroon is experiencing minimal growth due to various factors such as lack of access to digital technologies, low health awareness among consumers, and limited availability of online food services. Additionally, challenges in transportation and infrastructure also impact the market's growth rate. However, the market is expected to see potential growth in sub-markets such as Dairy Products & Eggs, Meat, Fish & Seafood, and Convenience Food.

Customer preferences: Consumers in Cameroon are increasingly prioritizing convenient and healthy food options, leading to a rise in demand for locally sourced and organic produce. This shift is driven by a growing awareness and concern for the environment and the desire to support small-scale farmers. Additionally, there is a growing interest in plant-based and vegetarian diets, reflecting a shift towards more sustainable and ethical consumption. These trends are expected to continue as consumers become more health-conscious and socially responsible.

Trends in the market: In Cameroon, The Food market is experiencing a rise in e-commerce platforms, with more consumers turning to online shopping for their grocery needs. This trend is driven by the increasing availability of internet and mobile technology, as well as convenience and safety concerns during the pandemic. As a result, industry stakeholders are investing more in digital marketing and logistics to cater to the growing demand. However, this shift towards online channels may also have implications for traditional brick-and-mortar retailers, who may need to adapt and integrate digital strategies to remain competitive.

Local special circumstances: In Cameroon, The Food market is heavily influenced by the country's diverse geography, which ranges from the fertile coastal region to the arid north. This results in a wide range of local produce, such as tropical fruits and vegetables, as well as traditional dishes and cooking methods. Additionally, cultural practices, such as communal meals and street food vendors, play a significant role in shaping The Food market. Moreover, the government's efforts to promote local agriculture and regulate food imports also impact market dynamics.

Underlying macroeconomic factors: The Food market in Cameroon is highly influenced by macroeconomic factors such as economic stability, government policies, and global economic trends. The country's reliance on agriculture as a major source of income and employment makes it vulnerable to fluctuations in the global food market. Additionally, the government's fiscal policies and investment in agricultural infrastructure, such as irrigation systems and transportation networks, play a crucial role in the performance of The Food market. The rising demand for food products due to population growth and urbanization in Cameroon also drives the market, while factors such as climate change and natural disasters can affect food production and availability. Overall, the economic health of Cameroon and global economic trends have a significant impact on The Food market, highlighting the importance of considering macroeconomic factors when analyzing market performance.

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.