Market Size of Agriculture in Cameroon
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 3.80 % |
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Cameroon Agriculture Market Analysis
The Agriculture Market in Cameroon is estimated at USD 11.26 billion in 2023, and is expected to reach USD 13.57 billion by 2028, growing at a CAGR of 3.80% during the forecast period (2023-2028).
- Agriculture in Cameroon is emerging as a promising industry, and young people are returning to the land, due to donor-funded projects, in particular, the World Bank-funded Agricultural Competitiveness Project (PACA). The main cash crops cultivated include cocoa, coffee, cotton, bananas, rubber, palm oil and kernels, and peanuts. The important food crops are plantains, cassava, corn, millet, and sugarcane.
- Cameroon is the second and sixth largest exports of cocoa beans with USD 647 million and bananas with USD 266 million, respectively. The country also produces coffee, cotton, rubber, and corn. The Cameroonian government has focused to increase production in all six crops and domestic rice production, as the sector faces increasing supply shortages.
- In Cameroon, a new project to redesign agricultural practices and food stability and project is managed by the CDVTA, Community Development Volunteers for Technical Assistance, in collaboration with the Association for Vertical Farming and aims to improve the lives of rural farmers in North West Cameroon by developing local skills and knowledge and to alleviate poverty and food insecurity in the region by helping farmers to improve crop yield, maximize income profit and protect the natural environment. In Cameroon, agriculture is vital in achieving sustainable development goals such as poverty eradication, achieving zero hunger, and ensuring food security further boost the agriculture sector in the country.
