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Estimated at a Retail Sale Price (RSP) value of about $350 million in 2021, Ghana’s dairy market presents bright prospects for suppliers of fat filled milk powder (FFMP) despite the recent growth in demand for non-dairy creamers due to their health and wellness tag.
Kenya’s strategic geographical location and growing middle class makes it an economic, financial, and transport hub for East and Central Africa. Agriculture remains the main contributor to the economy with approximately 75 percent of the 54.7 million population working fully or partially in the agriculture sector. However, high fertilizer prices, small rain-fed fields, and low productivity are obstacles to increasing domestic supply while Kenya’s growing population, increasing urbanization, and growing incomes will spark higher demand for imported food.
The South African retail food sector is well-developed and continues to expand into other African countries. In 2021, South African retail food sales totaled $40 billion, a 0.2 percent increase from 2020 as the South African economy began to recover from the effects of the COVID-19 pandemic.
The 2021 U.S. Agricultural Export Yearbook provides a statistical summary of U.S. agricultural commodity exports to the world.
South Africa is a middle-income emerging market with a well-developed agribusiness sector that plays a significant role in job creation and economic growth. Although largely self-sufficient in agricultural production, South Africa offers some opportunities for U.S. exports, especially in the food ingredients sector.
Kenya is a growing middle-income nation that acts as the economic, financial, and transport hub of East Africa. Kenya’s population demographic consists of a median age of 20 years, with 33.8 percent of the population between the ages of 25 and 54 years.