Forecast: Butter and Ghee Market Size Volume in Ghana

The Butter and Ghee market size in Ghana exhibited a steady trend from 2014 to 2023, with a consistent volume of 2.0 thousand metric tons from 2016 to 2023, barring a minor decline of 17% in 2020. The year-on-year variation in 2023 was 0%, indicating market stability. The compound annual growth rate (CAGR) over the last five years (2018-2023) was notably stable at 0%. However, a positive outlook is forecasted with the market volume expected to grow by 9.13% over the next five years, resulting in a CAGR of 1.76% from 2024 to 2028.

Future trends to watch include:

• Increasing demand driven by changing dietary preferences and higher disposable incomes.

• Potential influence of global dairy price fluctuations on local market dynamics.

• Impact of health trends and consumer preferences for natural and traditional products.

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