Benin alone produced 109 thousand tonnes of vegetable oils in 2019 (Source: World Data Atlas). The African edible oil market was valued at USD 4,803.28 million in 2021. Experts expect it to reach USD 8503.00 million by 2029, registering a CAGR of 7.40% during the forecast period of 2022-29.
Why is edible oil important in Benin?
These oils possess fatty acids, anti-oxidants, phospholipids, and more. Being consumed by humans and the food processing industry, edible oil is widely known to contain low fats, calories, and cholesterol. Some of the major dynamics of the edible oil industry in Benin include:
What are the major dynamics of edible oil industry in Benin?
Some of the major dynamics of the edible oil industry in Benin include: The edible oil market is segmented based on type, package, distribution channel, and end-users. Its growth around all these segments helps Benin to analyze the major growth segments in the industry and provides users with valuable market insights.
Where do edible oils come from?
Edible oils have made a significant place in the food and beverage sector around the world. Benin alone produced 109 thousand tonnes of vegetable oils in 2019 (Source: World Data Atlas). The African edible oil market was valued at USD 4,803.28 million in 2021.
Where do Nigerians buy fruit & vegetables in Benin?
Visits to markets in the Parakou and Nikki areas observed avocados from Lomé in Togo and red onions from Niger. Eastern border markets have many Nigerian traders coming into Benin to purchase fruits and vegetables for sale in Nigeria. Most of these transactions are not captured in either of the countries’ statistical records.
Which edible oil plant has the highest oil content?
Oil-seed camellia, oil palm, olive, and coconut ( Cocos nucifera) are the four well-known woody edible oil plants in the world, as they possess a high oil content. Among bulk herbaceous edible oils, the unsaturated fatty acids (UFAs) are the highest, approaching 80%, in peanut oil and rapeseed oil.