Sesame Oil Grinder-Stone Mill in Benin

How much edible oil is produced in Benin?
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.
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.
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 should you start a business in Benin?
To increase livelihoods, farmers need to invest efforts to produce more edible oils, crops, and poultry products. Entrepreneurs find Benin to be a stimulating environment with its economic growth developed dramatically in recent years. So, if you are planning to start a business in Benin, now is the perfect time.