Edible oils is expected to be unaffected by COVID-19, with retail volume growth on a par with 2019. Though olive oil is the largest product area in terms of current retail value, locally produced palm oil is the largest product area in terms of retail volume and retails at a much lower unit price.
SCR Maya remains the leading player in edible oils. The company has a longstanding presence in Cameroon and it has been able to take full advantage of this to compete strongly with rival players, both in its core category of palm oil and in other categories of edible oils.
Packaged edible oils has been experiencing healthy retail volume growth over the review period, at the expense of unpackaged edible oils. This major trend can be attributed mainly to the rising appreciation of healthier products and product safety concerns linked to unpackaged palm oil.
Edible oils is expected to be unaffected by COVID-19 in 2020 and it is expected that the current growth trajectory will continue during the forecast period. Even if the economy is seriously affected by COVID-19, as edible oils, in particular palm oil, is an essential food item for cooking, it will not be affected by a declining economy.
Local manufacturing of edible oils will remain dominant over the forecast period. The government will continue to adopt policies to encourage investments in particular in palm oil production.
With the vast majority of Cameron’s consumers facing severe budget constraints, even when it comes to their daily essentials, pricing remains the most important consideration when purchasing edible oils. This could become even more pronounced if the economy is seriously affected by COVID-19 during the forecast period.
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Understand the latest market trends and future growth opportunities for the Edible Oils industry in Cameroon with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
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This report originates from Passport, our Edible Oils research and analysis database.
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