Key Market Indicators
Nigeria's import of animal feed is projected to reach 57 million kilograms by 2028, up from approximately 50 million kilograms in 2023. This marks an average annual growth rate of 2.1%. The country's demand for animal feed has been on the rise since 2001, showing a steady increase of 1.3% year on year. On the export front, Nigeria saw a significant surge in animal feed exports, reaching close to 1.6 million kilograms in 2018. This represents a dramatic increase from the 65,000 kilograms recorded in 2017, marking an astounding 2,410% jump in just one year.
