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 foods can be exported to Benin?
Potential opportunities for U.S. agricultural exports to Benin include rice, poultry, meat, wheat, corn, soybeans, canned fruits and vegetables, tomato sauce/ketchup, vegetable oil, fruit juices, pasta, wine and other spirits, powdered milk, energy drinks, mayonnaise, and snack foods. These compete with similar products from Europe and Asia.
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 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.