Africa's edible oil market has reached $24.76 billion in 2025 and is projected to grow to $30.85 billion by 2030 at a 5.11% CAGR, according to Mordor Intelligence data. The growth is driven by multiple converging factors: population growth (Sub-Saharan Africa expected to double by 2050), rapid urbanisation (50%+ in major economies), and a critical structural opportunity — Africa currently imports 30–40% of its cooking oil despite possessing abundant oilseed resources.
Key Country Opportunities
- Nigeria (200M+ population): 6.78% CAGR through 2030. Government import substitution policies made 2024 a landmark year for new oil plant investments. SinoOil commissioned 5 new Nigeria plants in 2024 alone.
- Ghana (25.23% West Africa market share): Strong palm oil infrastructure; increasingly processing soybeans and peanuts for regional export.
- Egypt (North Africa leader): Large-scale continuous refinery investments driven by growing food manufacturing sector.
- Ethiopia and Kenya: East Africa hubs with active soybean and sesame processing investment.
The AfCFTA (African Continental Free Trade Agreement) tariff framework is reducing barriers to intra-Africa oil trade, enabling processors to serve regional markets beyond their immediate country. For equipment manufacturers, Africa remains the fastest-growing machinery market globally. Our Africa project portfolio documents 40+ plants commissioned across 12 countries since 2018.