Cameroon Agriculture Market is projected to grow at a CAGR of 6.52% over the forecast period (2020-2025).
- Agriculture in Cameroon represents more than half of the country’s non-oil export revenues and employs almost 60% of the working population. About 90% of Cameroonian rural households are, in one way or another, employed in agriculture and approximately one-third of them earn their livelihood from export of crops. Since time immemorial, agriculture has been a part and parcel of the people of Cameroon.
- The main crops range from traditional food crops (millet, maize, etc.) to export crops (banana, cocoa, coffee, cotton, etc.) as well as less traditional crops (onion, green beans, wheat, rice, etc.) produced either for local consumption or usually for export.
Key Market Trends
Growing Consumer Preference for Locally Produced Fruits and Vegetables
Improved awareness across various social media platforms related to health and well being has boosted demand for various food products and in particular fresh fruits and vegetables. It was estimated that South Africans spend nearly 16% of their incomes on fruits and vegetables. People in the country are discovering the link between healthy food and their well being and switching their alternatives to fruits and vegetables.
In addition to this, with the rising health consciousness, there is also an increasing consumption trend towards varieties of off-season fruits, which are usually met by rising imports. For vegetables, like beans and cabbage, there is a recent trend of growing consumption especially among the middle-income group in Cameroon. The crops, such as potatoes, tomatoes, onions, okra, peppers, bananas, pineapples, watermelons, mangoes, avocadoes, melons, and peaches are some of the major fruits and vegetable crops identified with great market growth potentials in Cameroon during the forecast period. An increase in demand for fruits and vegetables was thus reflected by the rise in the production of fruits and vegetables in the country.
Rising Exports of Food Crops
Cameroonian food crops dominate the agricultural market in the region. Maize is the most important food crop, followed by wheat and barley. South Africa reported a total of 2344.6
thousand metric ton of maize production in 2018, with free state province accounting for 28.5% of the total maize production in Cameroon. Climatic conditions, coupled with a lack of knowledge about transfer activities is the major limitation to the agriculture sector in Cameroon. Government initiatives like the creation of Agri-parks and the introduction of projects like project IFAD are expected to promote the cultivation of food crops in the country and to enhance the wellbeing of rural poor people.
Favorable climatic conditions and supportive government policies are expected to drive the Cameroon food crop market. Maize accounts for more than 80% of the local food crop production in Cameroon. The Cameroon food crop market has matured considerably since the deregulation of marketing. Producers, traders, and other intermediaries interact freely in the marketing of their produce. The government of Cameroon also gives the freedom to the farmers to chose the market where they want to trade their products, and hence, if the farmers don’t get desirable prices for their production, then they can trade their commodities in the international market.
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