Demand continued to increase across most categories of cooking ingredients and meals in 2023 despite significant average unit price increases as high inflation eroded consumer spending power. General economic development, urbanisation and the spread of chained supermarkets and hypermarkets are among the most important reasons for rising sales, with consumers increasingly favouring products that offer convenience as the pace of life accelerates, especially for those living in major urban areas.
In 2023, cooking ingredients has witnessed price increases, influenced by both global and local factors. Nevertheless, the government's National Development Plan has played a crucial role in maintaining inflation at a reasonable level.
The meals consumed among low-income urban communities and in rural areas tend to be very heavy and energy-dense. This is especially true in rural areas, where manual labour and farm work are still prevalent.
Palm oil is the most popular type of edible oil in Côte d’Ivoire and it is heavily consumed by most of the country’s low- and middle-income population. However, there is also growing demand for sunflower oil, especially among more affluent middle-income consumers.
In 2022, a USD100 million contract was awarded to VINCI Construction's subsidiary Sogea-Satom for the restoration of a 93-km road section between Dabou and Grand Lahou. This project, commissioned by the Côte d'Ivoire Ministry of Equipment and Road Maintenance, aimed to improve the Coastal Road connecting Abidjan and San Pedro, the country's key port cities.
The forecast period is expected to see positive growth in overall sales of cooking ingredients and meals, with demand for edible oils set to remain under some pressure during the early stages of the forecast period due to the pressure on the global supply of these products as a result of the Ukraine conflict. Packaged spices is slated for a strong sales performance, with rising demand set to be driven by the growing numbers of middle-income women living in major urban areas that are in full-time work.
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Cooking Ingredients and Meals
This report originates from Passport, our Cooking Ingredients and Meals research and analysis database.
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