Market Insights Consumer Food Convenience Food

Ready-to-Eat Meals - Cameroon

Cameroon

Revenue in the Ready-to-Eat Meals market amounts to €0.54bn in 2024. The market is expected to grow annually by 5.92% (CAGR 2024-2029).
In global comparison, most revenue is generated in China (€137bn in 2024).
In relation to total population figures, per person revenues of €18.50 are generated in 2024.
In the Ready-to-Eat Meals market, volume is expected to amount to 170.50m kg by 2029. The Ready-to-Eat Meals market is expected to show a volume growth of 3.3% in 2025.
The average volume per person in the Ready-to-Eat Meals market is expected to amount to 5.0kg in 2024.

Key regions: Russia, United States, United Kingdom, Canada, India

Mercado

Región

Comparación de regiones

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Analyst Opinion

The Ready-to-Eat Meals Market in Cameroon is gradually growing, with minimal growth rate influenced by factors such as increasing demand for convenience food, changing consumer lifestyles, and the emergence of new players in the market. The convenience offered by ready-to-eat meals has also contributed to the market's growth.

Customer preferences: In Cameroon, the Ready-to-Eat Meals Market of the Convenience Food Market within The Food market is experiencing a rise in demand for healthy and convenient options. This is driven by a growing awareness of the importance of balanced nutrition and the increasing pace of urban lifestyles. As a result, there is a trend towards healthier and more customizable ready-to-eat meals, with options catering to specific dietary needs such as gluten-free, vegan, and low-calorie diets. This shift is also influenced by the growing influence of Western food cultures and the rise of health-conscious millennials in the country.

Trends in the market: In Cameroon, the Ready-to-Eat Meals Market within the Convenience Food Market of The Food market is experiencing a surge in demand due to busy lifestyles and changing consumer preferences. This has led to an increase in the availability of a variety of convenient and ready-to-eat meals in the market. Furthermore, there is a growing trend of incorporating local and traditional ingredients in these meals, catering to the demand for healthier and more sustainable options. This trend is expected to continue, with potential implications for industry stakeholders such as increased competition and the need for product differentiation to cater to changing consumer preferences.

Local special circumstances: In Cameroon, the Ready-to-Eat Meals Market of the Convenience Food Market within The Food market is influenced by the country's diverse cultural background and geographical features. The market is driven by the high demand for convenience and affordable food options in urban areas, where there is a growing working population. Additionally, the government's efforts to promote local food production and reduce food imports have led to the availability of a variety of traditional ready-to-eat meals. However, the underdeveloped infrastructure and logistical challenges in rural areas hinder the market's growth and limit access to these convenient food options.

Underlying macroeconomic factors: The Ready-to-Eat Meals Market of the Convenience Food Market within The Food market in Cameroon is influenced by various macroeconomic factors. These include global economic trends, national economic health, fiscal policies, and other relevant financial indicators that impact market performance. For instance, the growing demand for convenience food options is largely driven by the rise in dual-income households and busy lifestyles. Moreover, the increasing urbanization and modernization in Cameroon are creating a favorable market for ready-to-eat meals. Additionally, the government's efforts to improve food security and promote the food processing industry are expected to further boost the growth of the ready-to-eat meals market in the country.

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.