The maize oil market in Kenya stood at 22.0 thousand metric tons in 2023. Observing historical data from 2014 to 2023, the market has had fluctuations but remained steady from 2021 to 2023. The year-on-year variation over the last two years has been 0%, with a flat CAGR of 0%. Over the last five years, the market has averaged a minimal variation per year with a CAGR of just 0.18%. Forecasts indicate a slight increase with the market expected to reach 22.3 thousand metric tons by 2028, reflecting a 5-year growth rate of 0.9%.
Future trends to watch for in the maize oil market include the impact of climate change on maize production, the adoption of healthier cooking oils, and possible policy changes regarding import-export regulations and tariffs. Advancements in agricultural technologies and increasing consumer health consciousness may also play significant roles in shaping the market dynamics.
