In 2024, cooking ingredients and meals in Côte d'Ivoire has been shaped by cooling inflation, improving affordability for essential goods like edible oils. Consumers have prioritised home cooking with cost-effective ingredients such as stock cubes and spices, often sourced from informal markets.
During the review period, food prices have continued to increase; however, headline inflation has cooled down towards September 2024, providing much-needed relief to cash-strapped consumers. This reduction in inflation has been attributed to declining prices of essential goods, including edible oils.
Côte d'Ivoire continues to demonstrate robust economic growth and possesses one of the strongest GDPs in the sub-Saharan region. The local government’s investment through the National Government Development Plan aims to accelerate economic growth further by improving access to essential services such as drinking water, healthcare, and electricity.
Sustained robust economic growth over many years has enabled urban mid- to high-income consumers to experience rising disposable incomes, allowing them to purchase their preferred cooking ingredients and meals. On the other hand, lower-income consumers primarily shop at informal markets, which has mitigated the impact of rising prices on this demographic.
Côte d'Ivoire's e-commerce sector has been expanding steadily, with significant growth observed since the onset of the pandemic. Digital marketing has further enhanced the appeal of e-commerce, providing retailers and manufacturers with opportunities to broaden their reach.
Edible oils are expected to perform well over the forecast period, with palm oil anticipated to remain the top choice for consumers. While sunflower oil and rapeseed oil are poised for growth, their consumer bases are comparatively smaller, positioning them as secondary choices.
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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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