Market Size of Uganda Grains Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Market Size (2024) | USD 4.45 Billion |
| Market Size (2029) | USD 5.43 Billion |
| CAGR (2024 - 2029) | 4.10 % |
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Uganda Grains Market Analysis
The Uganda Grains Market size is estimated at USD 4.45 billion in 2024, and is expected to reach USD 5.43 billion by 2029, growing at a CAGR of 4.10% during the forecast period (2024-2029).
- Grains grown in Uganda include maize, millet, sorghum, rice, and wheat. They play a prominent role in increasing the income of smallholder farmers and the national economy. The growing demand for grains increased regional exports to East Africa, and favorable government policies supporting grain production are some factors driving the market growth.
- In 2022, the government of Uganda extended the ban imposed in 2021 on the export of grains and other farms' produce, with the latter imposing high taxes to prevent food exports to neighboring countries to ensure food security and increase local poultry and livestock production. Another reason for banning is grain prices soared, partly because of Russia's war on Ukraine. Uganda has focused on boosting local production to ensure enough supplies and productivity.
- There are significant investment opportunities in Uganda's agriculture sector, including production, input supply, value-added processing, standards compliance and export, and post-harvest handling. These will help the market grow in the coming years.
