Cooking ingredients and meals in 2024: The big picture
Prices of edible oils have stabilised significantly in 2024, buoyed by a steady rise in volume and easing price pressures in the palm oil sector, which accounts for approximately 85% of the edible oil market. This shift represents a crucial development for a market previously beleaguered by volatility.
Key trends in 2024
A growing awareness of cholesterol and sodium content is influencing the cooking ingredient choices of Cameroonians, albeit within the constraints of rising living costs. Refined palm oil remains a staple despite concerns over its cholesterol levels, as alternatives such as soy, sunflower, and olive oil are prohibitively expensive for many households.
Competitive landscape
Within cooking ingredients and meals, Chococam has seen its market share grow substantially in 2024, particularly in sweet spreads. The company has achieved a remarkable revenue increase, with this growth comprising both volume expansion and an increase attributed to price inflation, further supported by a favourable foreign currency translation movement.
Channel developments
Supermarkets have emerged as the fastest-growing retail channel in cooking ingredients and meals in Cameroon. This growth is largely attributed to the increasing desire among Cameroonians for a more westernised shopping experience, where convenience, variety, and quality assurance are prioritised.
What next for cooking ingredients and meals?
The future of cooking ingredients and meals in Cameroon is marked by cautious optimism, driven by a combination of local production initiatives and shifting market dynamics. Value growth in this area is expected to stem from innovation, evolving consumption habits, and a gradual reduction in dependence on imports.
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Overview:
Understand the latest market trends and future growth opportunities for the Cooking Ingredients and Meals 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.
Data and analysis in this report provides further detailed coverage dedicated to a comprehensive range of core packaged food categories.
If you're in the Cooking Ingredients and Meals industry in Cameroon, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
The Cooking Ingredients and Meals in Cameroon report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volume and value sizes, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent research methodology, conducted in-country
This report answers:
- What is the market size of Cooking Ingredients and Meals in Cameroon?
- Which are the leading brands in Cooking Ingredients and Meals in Cameroon?
- How are products distributed in Cooking Ingredients and Meals in Cameroon?
- How is the rise of e-commerce and/or the expansion of modern grocery retail impacting traditional retail?
- What are the key health and wellness concerns driving, or challenging, sales in Cooking Ingredients and Meals?
- How significant are vegan and vegetarian dietary requirements in determining sales growth in Cameroon?
- How has COVID-19 impacted consumer demand? To what extent have lockdown, home seclusion and stockpiling boosted sales? Will the longer term economic repercussions of the pandemic stimulate or suppress future growth?
- Where is future growth expected to be most dynamic?
- How significant will values-based claims, such as sustainability and ethical labelling, be in supporting future growth and brand equity?
Cooking Ingredients and Meals in Cameroon
Cooking ingredients and meals in 2024: The big picture
Key trends in 2024
Competitive landscape
Channel developments
What next for cooking ingredients and meals?
DISCLAIMER
Edible Oils in Cameroon
KEY DATA FINDINGS
Cost and supply constraints shape edible oil preferences amid inflationary pressures
Palm oil thrives on affordability and cultural relevance; Olive oil struggles with high costs and limited availability
Amidst consumer concerns, extra refined palm oil gains popularity
Challenges in palm oil in Cameroon: Deficient local production, import quotas, and affordability pressures
Economy brands of edible oils to thrive amidst a struggling economy
Affordability and cultural relevance to drive palm oil growth; Olive oil hampered by high costs
Meals and Soups in Cameroon
KEY DATA FINDINGS
Meals and soup gain little attention from consumers
Inconsistent supply mean low levels of consumer loyalty
High prices and low consumer awareness to impede development of meals and soups
Sauces, Dips and Condiments in Cameroon
KEY DATA FINDINGS
Price sensitivity boosts demand for budget-friendly packaged herbs and spices, with affordability leading sales of tomato paste and stock cubes
Convenience, longer shelf life and local flavours drive sales of herbs and spices, while the unappealing profile of liquid fonds diminishes household demand
Rising preference for stock powders disrupts market, challenging Nestlé's dominance
Health and wellness at the forefront of cooking ingredients as preference for fresh ingredients remains strong
Convenience at the heart of stock powders and packaged herbs and spices, while fast food culture drives demand for table sauces
Ease of use and longevity propel packaged herbs and spices, while liquid fonds struggle to find traction
Sweet Spreads in Cameroon
KEY DATA FINDINGS
Demand for unbranded sweet spreads persists due to high cost of living
Chocolate spreads dominate, while jams and preserves struggle with high costs and competition
Persisting demand for unbranded sweet spreads prompts manufacturers to innovate with new offerings
Growing unit price of cacao poised to ramp production costs of chocolate spreads, while competition from unbranded honey and peanut butter constrains formal sales
Tailored approaches across demographics
Chocolate spreads expected to lead growth, while jam and preserves face challenges amid competing spreads and production constraints
The following categories and subcategories are included:
Cooking Ingredients and Meals
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- Olive Oil
- Corn Oil
- Palm Oil
- Rapeseed Oil
- Soy Oil
- Sunflower Oil
- Other Edible Oil
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- Dried Ready Meals
- Shelf Stable Ready Meals
- Chilled Ready Meals
- Frozen Ready Meals
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- Dry Soup
- Shelf Stable Soup
- Chilled Soup
- Frozen Soup
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- Chilled Pizza
- Frozen Pizza
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- Meal Kits
- Quick Recipe Kits
- Chilled Lunch Kits
- Prepared Salads
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- Liquid Stocks and Fonds
- Stock Cubes and Powders
- Gravy Cubes, Powders and Pots
- Monosodium Glutamate
- Herbs and Spices
- Tomato Pastes and Purées
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- Liquid Recipe Sauces (excl pasta sauces)
- Dry Recipe Sauces
- Pasta Sauces
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- Barbecue Sauces
- Fish Sauces
- Ketchup
- Mayonnaise
- Mustard
- Oyster Sauces
- Salad Dressings
- Soy Sauces
- Chili Sauces
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- Dips
- Yeast-based Spreads
- Pickled Products
- Other Sauces and Condiments
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- Honey
- Chocolate Spreads
- Jams and Preserves
- Nut and Seed Based Spreads
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This report originates from Passport, our Cooking Ingredients and Meals research and analysis database.
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