The Rapeseed Oil and Mustard Oil market in Kenya is projected to grow steadily from a size of 4.38 thousand metric tons in 2024 to 5.43 thousand metric tons by 2028. This indicates a notable annual growth rate. In 2023, the market stood at 4.38 thousand metric tons. Over the years 2024 to 2025, the market is expected to grow by 6.16%, while from 2025 to 2026, it is forecasted to increase by 5.81%. Growth continues with 5.28% from 2026 to 2027 and 4.82% from 2027 to 2028. Overall, the average compound annual growth rate (CAGR) over this five-year period is calculated at 5.52%.
Future trends to watch for include:
- Rising demand driven by health-conscious consumers.
- Potential fluctuations in production costs and pricing due to climate conditions.
- Expanding culinary uses and industrial applications of these oils.
- Regulatory developments impacting the oil extraction and production industry in Kenya.
