The Butter and Ghee market in Kenya demonstrated relative stability from 2014 to 2023, predominantly fluctuating between 14.0 and 17.0 thousand metric tons. The data shows minimal year-on-year changes, with a notable drop in 2015 and a subsequent recovery in 2016. The market volume remained consistently at 16.0 thousand metric tons from 2018 to 2023, indicating stable demand. In 2023, the market volume stood at 16.0 thousand metric tons.
Key Trends over the Last Two Years:
- 2022-2023: 0% year-on-year variation, reflecting a stable market.
Compound Annual Growth Rate (CAGR) Analysis:
- The last 5-year CAGR: 0%, showing no average variation per year.
The forecast from 2024 to 2028 indicates no expected growth, maintaining a market volume of 16.0 thousand metric tons. The 5-year forecast CAGR is projected to be 0%.
Future Trends to Watch:
- Potential shifts in consumer preferences towards healthier fats and oils.
- Impact of economic factors such as inflation and purchasing power on butter and ghee consumption.
- Introduction of innovations or new products within the dairy sector.
