Meat - Cameroon

Cameroon

Revenue in the Meat market amounts to €1,939.00m in 2024. The market is expected to grow annually by 6.65% (CAGR 2024-2029).
In global comparison, most revenue is generated in China (€251bn in 2024).
In relation to total population figures, per person revenues of €65.97 are generated in 2024.
In the Meat market, volume is expected to amount to 246.00m kg by 2029. The Meat market is expected to show a volume growth of 3.2% in 2025.
The average volume per person in the Meat market is expected to amount to 7.1kg in 2024.

Key regions: Russia, China, Spain, Canada, United Kingdom

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Región

Comparación de regiones

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Analyst Opinion

The meat market in Cameroon is experiencing minimal growth due to factors such as low consumer awareness of digital technologies, limited access to online services, and preference for traditional meat sources. However, increased health consciousness and the emergence of meat substitutes may drive future growth.

Customer preferences: Consumers in Cameroon are increasingly opting for healthier and more sustainable food choices, leading to a surge in demand for organic and locally-sourced meat products. This trend is driven by a growing awareness of the health and environmental benefits of such products. Additionally, with a rising middle class and urbanization, there is a shift towards convenience and ready-to-eat meat options, such as pre-packaged and frozen meat products, as consumers seek to save time and effort in meal preparation. This change in preference is also influenced by the changing lifestyle of consumers, as they look for more convenient and time-saving solutions in their busy lives.

Trends in the market: In Cameroon, the Meat Market within The Food market is experiencing a shift towards more sustainable and ethically-sourced meat products. This trend is being driven by increasing consumer awareness and demand for environmentally-friendly and socially responsible options. As a result, industry stakeholders are investing in alternative protein sources and implementing eco-friendly practices in their production processes. This trajectory is significant as it reflects a growing demand for ethical and sustainable food options in the region. However, it also poses potential challenges for traditional meat producers who may need to adapt their practices to stay competitive in the market. Overall, this trend highlights the importance of addressing sustainability and social responsibility in the Meat Market within The Food market industry in Cameroon.

Local special circumstances: In Cameroon, the Meat Market within The Food market is heavily influenced by traditional cultural practices and preferences. For instance, the consumption of bushmeat, such as gorilla and antelope, is considered a delicacy and a symbol of status. This preference for wild game meat, combined with a lack of strict regulations, has led to unsustainable hunting practices and the spread of zoonotic diseases. Additionally, the country's diverse geography and climate also play a role in the availability and demand for different types of meat, such as fish in coastal regions and beef in the more arid northern regions.

Underlying macroeconomic factors: The Meat Market within The Food market in Cameroon is greatly influenced by macroeconomic factors such as global trends in meat consumption, national economic health, and government policies related to the agriculture and food industries. As the global demand for meat continues to rise, countries with favorable economic conditions and supportive government policies are experiencing higher market growth. Additionally, the increasing population and urbanization in Cameroon are driving the demand for meat products, leading to a growth in the market. However, challenges such as limited access to technology and inadequate infrastructure can impede the market's growth potential.

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.