In the 1950s, Benin launched its first oil palm sector industrialization program in which the colonial government invested in large-scale, public industrial processing facilities. After independence in 1960, the national government established more facilities with greater capacity and planted around 30,000 hectares of selected oil palm seedlings.
What is edible oil industry in Benin?
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: The edible oil market is segmented based on type, package, distribution channel, and end-users.
Why is Benin a hub for mass palm oil production?
From mechanized processing techniques that allow lower cost prices to a larger production of bulk sales that attract more retailers, Benin has become a hub for mass palm oil manufacturing base. The global market for peanut oil registered a value CAGR of 3.4% from 2016 to 2020.
Why is industrialization important in Benin?
Thus, it makes it easier for the country to take strategic decisions and identify core market applications. In the 1950s, Benin launched its first oil palm sector industrialization program in which the colonial government invested in large-scale, public industrial processing facilities.