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Japan, Japan, Mon, 25 Oct 2021 09:41:06 / Comserve Inc. / — Uganda Agriculture Market With Top Countries Data, Industry Analysis , Size, Share, Revenue, Prominent Players, Developing Technologies, Tendencies and Forecast
Uganda Agriculture market is expected to witness a CAGR of 4.2% over the forecast period (2021-2026).
COVID-19 affected the production and processing of food, transport along commodity routes had disrupted by restrictions on cross-border movement. Labor shortages, due to the stay-at-home policies, affected the production and processing of food. As overall logistics are slowed down, food safety and quality has negatively affected
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Agriculture is the core sector of the Ugandan economy and the main employer. This sector will be the key determinant in the country's efforts to reduce poverty and attain economic growth in the immediate years. Uganda has one of the fastest population growth rates of around 3.3%, and this itself is the principal driver for the increase in the consumption of crops in Uganda. Limited production due to major productivity constraints, owing to the unavailability of good quality seeds and proper irrigation, and lack of linkages between formal and informal seed sector (as in lack of proper seed regulation and inspection, and lack of information flow to farmers about improved seeds and production techniques) contribute the most toward restraining the growth of the agriculture sector in Uganda.
Cereals is the dominant crop type with maize, finger millet, and grain sorghum being major cereal crops. In terms of production volumes, rice, maize, and potatoes have been the crops recording the highest growth, mainly because of area expansion. Production of maize and rice is expected to further grow after the introduction of drought-resistant seed varieties in the market.
Key Market Trends
Fruits and Vegetable Dominate the Uganda Agriculture Market
Consumers in the country are discovering the link between healthy food and their well-being and switching their alternatives to fruits and vegetables. In addition to this, with the rising health consciousness, there is also an increasing consumption trend toward varieties of off-season fruits, which are usually met by rising imports. Even though fruits dominate the market but there is a decrease in production due to a lack of access to inputs and technology. For crops like potatoes, there is a recent trend of growing consumption especially among the middle-income group in Uganda. The crops, such as apples, citrus, grapes, bananas, litchis, peaches, pineapples, potatoes, tomatoes, onions, sweet corns, beetroots, and avocados are some of the major fruits and vegetable crops identified with great market growth potentials in the region during the forecast period.
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Agriculture Share in Uganda GDP
For several years now, agriculture is the backbone of Uganda that is endowed with ample fertile land, a warm climate, and periodical rainfall, contributing 23.0% to its economy. Uganda is the leading producer of coffee in the African region, and it holds 19.0% of the country's export. The agricultural sector has been benefited by government efforts toward strengthening the country's competitive advantage in the agricultural production sector. According to World bank, the average annual agricultural growth in the country is increased from 2.80 % in 2016 to 5.367% in 2019. Increase in the adoption of good agricultural practices and investment in the agriculture by the private players are contributing for the growth of agriculture in Uganda and is continue to rise during the forecast period.
1 INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
5 MARKET SEGMENTATION
5.1 Type (Production Analysis, Consumption Analysis by Value & Volume, Import Analysis by Value & Volume, Export Analysis by Value & Volume and Price Trend Analysis)
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The dynamic nature of business environment in the current global economy is raising the need amongst business professionals to update themselves with current situations in the market. To cater such needs, Shibuya Data Count provides market research reports to various business professionals across different industry verticals, such as healthcare & pharmaceutical, IT & telecom, chemicals and advanced materials, consumer goods & food, energy & power, manufacturing & construction, industrial automation & equipment and agriculture & allied activities amongst others.
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The post Uganda Agriculture Market Consumption Sales By Type, Product Specifications, Research Methodology, Forecast appeared first on Comserveonline.
COMTEX_395782753/2652/2021-10-25T09:42:56
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