Milk - Cameroon | Statista Market Forecast

Milk - Cameroon

Cameroon

Highlights

Revenue in the Milk market amounts to US$269.20m in 2024. The market is expected to grow annually by 9.17% (CAGR 2024-2029).
In global comparison, most revenue is generated India (US$71bn in 2024).
In relation to total population figures, per person revenues of US$9.16 are generated in 2024.
In the Milk market, volume is expected to amount to 244.30m kg by 2029. The Milk market is expected to show a volume growth of 4.5% in 2025.0.
The average volume per person in the Milk market is expected to amount to 6.6kg in 2024.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureMethodology

The Milk Market in Cameroon has seen minimal growth due to factors such as low consumer awareness and limited access to digital technologies. Despite these challenges, the market is slowly expanding, driven by increasing health consciousness and the convenience of online services.

Customer preferences: Consumers in Cameroon are becoming more health-conscious and are seeking dairy products that are not only nutritious but also free from artificial additives and preservatives. This trend is driven by a growing awareness of the benefits of consuming natural and organic products. As a result, there is a growing demand for locally produced dairy products, as well as a rise in the popularity of plant-based milk alternatives. Additionally, there is a growing interest in traditional dairy products, such as fermented milk, which are seen as a healthier option due to their probiotic properties.

Trends in the market: In Cameroon, the Milk Market of the Dairy Products & Eggs Market within The Food market is experiencing a surge in demand for organic and plant-based milk products. This trend is driven by the increasing health consciousness among consumers, as well as concerns over the environmental impact of traditional dairy farming. As a result, there has been a rise in the production of alternative milk products, such as soy, almond, and coconut milk. This trend is expected to continue, with potential implications for industry stakeholders, including the need for diversification and innovation in product offerings to meet evolving consumer preferences.

Local special circumstances: In Cameroon, the Milk Market of the Dairy Products & Eggs Market within The Food market is heavily influenced by the country's cultural preferences for dairy consumption. Milk is a staple in many traditional dishes and is also used in many beverages. Additionally, the country's large pastoral sector, with a significant number of cattle and goats, plays a crucial role in the production of milk. However, the milk market is also impacted by regulatory challenges, such as limited access to financing and government subsidies for dairy farmers. These factors create a unique market environment, driving the demand for dairy products and shaping the competitive landscape.

Underlying macroeconomic factors: The Milk Market of the Dairy Products & Eggs Market within The Food market in Cameroon is influenced by macroeconomic factors such as government policies, consumer preferences, and international trade agreements. The country's economic stability and growth, as well as its investment in the dairy industry, play a significant role in shaping the market's performance. Additionally, global economic trends, such as fluctuations in milk prices and demand from other countries, can also impact the market. Furthermore, the increasing health consciousness and demand for high-quality dairy products are driving the growth of the market in Cameroon.

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.