Processed Meat - Cameroon

Cameroon

Revenue in the Processed Meat market amounts to €471.20m in 2024. The market is expected to grow annually by 4.13% (CAGR 2024-2029).
In global comparison, most revenue is generated in the United States (€39bn in 2024).
In relation to total population figures, per person revenues of €16.03 are generated in 2024.
In the Processed Meat market, volume is expected to amount to 106.60m kg by 2029. The Processed Meat market is expected to show a volume growth of 0.8% in 2025.
The average volume per person in the Processed Meat market is expected to amount to 3.4kg in 2024.

Key regions: India, China, United Kingdom, Spain, South Korea

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Analyst Opinion

The Processed Meat Market in Cameroon is experiencing slow growth, influenced by factors such as consumer preference for fresh meat, limited access to technology, and cultural traditions of meat preparation. These factors have led to a negligible growth rate in the sub-markets of Ham & Bacon, Sausages, and Cold & Roast Meat Products. Additionally, the lack of strict regulations on processed meat production and concerns over health risks may also impact the market's growth.

Customer preferences: As consumers in Cameroon become more health-conscious and prioritize convenience, the demand for healthier processed meat options is on the rise. This trend is driven by cultural preferences for fresh, locally sourced ingredients and a growing awareness of the negative health effects of heavily processed foods. With an increasing number of individuals seeking to make healthier choices, the market is seeing a shift towards more natural and organic processed meat options. Additionally, the rise of online shopping and home delivery services is making it easier for consumers to access these products, further driving the demand for healthier processed meats.

Trends in the market: In Cameroon, the Processed Meat Market within the Meat Market of The Food market is experiencing a shift towards healthier and more sustainably sourced products. This trend is driven by increasing consumer awareness about the negative health and environmental impacts of conventional processed meats. As a result, industry stakeholders are investing in alternative protein sources and implementing sustainable production practices. This shift is significant as it reflects changing consumer preferences and has potential implications for the long-term viability of the processed meat market in Cameroon.

Local special circumstances: In Cameroon, the Processed Meat Market of the Meat Market within The Food market is heavily influenced by traditional meat consumption habits, as well as regulatory restrictions on imported meats. This has led to a growing demand for locally sourced and processed meats, such as smoked and dried meats, which are popular among the local population. Additionally, the country's diverse geography and climate have also resulted in a wide variety of meat-based dishes, further driving the demand for processed meats.

Underlying macroeconomic factors: The Processed Meat Market of the Meat Market within The Food market in Cameroon is affected by various macroeconomic factors. These include the overall economic health of the country, global economic trends, fiscal policies, and other relevant financial indicators. For instance, countries with stable economic conditions and strong investments in the food industry are likely to experience higher growth in the processed meat market. On the other hand, regions with economic challenges and limited investments in the food sector may face slower market growth. Additionally, changing dietary patterns, increasing urbanization, and rising disposable incomes in Cameroon are also influencing the demand for processed meat products.

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.