Ghana Cooking and Edible Oils Market 2025

The Ghanaian cooking and edible oils market is poised for robust expansion with a projected USD 235.5 million increase at a 12.7% CAGR, though currency volatility and inflationary pressures present significant headwinds to sustained growth. The cedi’s persistent depreciation against major trading currencies continues to exert upward pressure on imported oil prices, forcing cost-conscious consumers to adopt smaller, more frequent purchases while trading down from premium to economy segments. This inflationary environment is accelerating a structural market shift as consumers gradually transition from informal, unpackaged oils to branded packaged alternatives, particularly healthier options like sunflower and olive oils that benefit from growing urban health awareness despite their premium price positioning.

The competitive landscape is being reshaped by two countervailing forces: expanding local production that enhances affordability and reduces import dependency, and the gradual premiumization of urban demand for healthier imported varieties. Domestic manufacturers are gaining competitive advantage through improved economies of scale and distribution networks that deliver price-stable products to mass-market consumers, while importers focus on higher-income urban demographics willing to pay for perceived quality and health benefits. Olive oil exemplifies this dichotomy – while gaining popularity through brand proliferation and health marketing, its growth remains constrained by price sensitivity that limits penetration beyond affluent urban centers.

This report provides a strategic analysis of the Ghana cooking and edible oils market, examining historical trends from 2020 to 2024 and forecasting developments through 2030. It assesses market size, growth trajectories, and key drivers of change, offering a comprehensive view of the industry’s future. By dissecting the market into product and distribution channel, the report identifies high-potential opportunities and actionable strategies for market players to thrive in a competitive landscape.

Market Segmentation

The Ghana cooking and edible oils market is categorized into the following segments:
Product: olive oil, palm oil, soybean oil, sunflower oil
Distribution channel: convenience stores, foodservice channels, general merchandise stores, hypermarkets, small grocery stores, supermarkets, others

The cooking and edible oils market in Ghana is segmented across product and distribution channel. In terms of product, the market is segmented into olive oil, palm oil, soybean oil, and sunflower oil. Distribution channel segmentation comprises convenience stores, foodservice channels, general merchandise stores, hypermarkets, small grocery stores, supermarkets, and others.

Competitive Landscape

Leading companies in the cooking and edible oils market include Avnash Company Limited, Elburg global B.V., Elssy Kess Company limited, Kucukbay A.S., Ramani Distribution Co. Ltd. and Wilmar International Ltd. This comprehensive report analyzes the performance of leading companies in the cooking and edible oils sector from 2020 to 2024. The findings highlight shifts in market share, revealing both established market leaders and emerging competitors.

Why Buy This Report?

Obtain precise statistical data and forecasts for the Ghana cooking and edible oils market.
Gain in-depth analysis and forecasts for the key segments of the Ghana cooking and edible oils market: product and distribution channel.
Develop region-specific strategies and set strategic priorities based on localized data analysis.
Gain deep insights into the dynamics of the Ghana cooking and edible oils market.
Identify high-potential investment opportunities by targeting growth sectors and emerging trends.
Anticipate the future trajectory of the Ghana cooking and edible oils market with informed projections.
Assess the competitive landscape to determine the ideal timing for capitalizing on market opportunities.
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Table of Contents

TABLE OF CONTENTS
Key Findings
Market Segmentation
Market Overview
Ghana Cooking and Edible Oils Market – Product Analysis
Ghana Cooking and Edible Oils Market – Distribution Channel Analysis
Company Shares Analysis
Avnash Company Limited
Elburg Global B.V.
Elssy Kess Company limited
Kucukbay A.S.
Ramani Distribution Co. Ltd.
Wilmar International Ltd
Macroeconomic Data and Forecast
Research Methodology
Disclaimer

FIGURES AND TABLES
Table Ghana Cooking and Edible Oils Market 2020-2030
Chart Ghana Cooking and Edible Oils Market, Net Growth, 2020-2030
Chart Ghana Cooking and Edible Oils Market, Growth Rates, 2020-2030
Table Ghana Cooking and Edible Oils Market by Product, 2020-2030
Chart Ghana Cooking and Edible Oils Market by Product, CAGR Historic and Forecast, 2020-2030
Chart Ghana Cooking and Edible Oils Market by Product, 2020-2030
Table Ghana Cooking and Edible Oils Market by Distribution Channel, 2020-2030
Chart Ghana Cooking and Edible Oils Market by Distribution Channel, CAGR Historic and Forecast, 2020-2030
Chart Ghana Cooking and Edible Oils Market by Distribution Channel, 2020-2030
Table Ghana Cooking and Edible Oils Market Share (%), by Companies, 2020-2024
Chart Ghana Cooking and Edible Oils Market, by Companies, 2024
Table Ghana Cooking and Edible Oils Market Share (%), by Brands, 2020-2024
Chart Ghana Cooking and Edible Oils Market, by Brands, 2024
Table Ghana – Population (Millions) and Forecast
Table Ghana – Consumer Price Index (CPI) and Forecast
Table Ghana – Gross Domestic Product and Forecast
Table Ghana Cooking and Edible Oils Market: Spend as a Proportion of GDP (%)
Table Ghana Cooking and Edible Oils Market: Consumption per Capita (Population)

Companies Mentioned

Avnash Company Limited
Elburg Global B.V.
Elssy Kess Company limited
Kucukbay A.S.
Ramani Distribution Co. Ltd.
Wilmar International Ltd