The vegetable oils market in Africa experienced consistent growth from 2014 to 2023, increasing from 8.91 million metric tons to 10.64 million metric tons. Though growth was more pronounced in earlier years, the increase has slowed in recent years, with a CAGR of 0.67% over the last five years. In 2023, the year-on-year growth stood at 0.97%. Future projections indicate a moderate growth trend, with a forecasted CAGR of 0.69% from 2024 to 2028, reaching an estimated 11.11 million metric tons by 2028, representing a 3.51% absolute growth rate over this period.

Future trends to watch include:

Impact of climate change on oilseed crop yields.
Technological advancements in oil extraction and processing.
Shifts in consumer preferences towards healthier and sustainable oils.
Government policies and trade regulations affecting the production and import of vegetable oils.