The infant food market in Nigeria saw a steady volume of 7.0 thousand metric tons from 2014 to 2017, followed by a notable dip to 6.0 thousand metric tons in 2018, which persisted in 2019. A further decline occurred in 2020, reaching 4.98 thousand metric tons. The market subsequently rebounded to 6.0 thousand metric tons by 2021 and remained stable through 2023. The forecast anticipates a gradual decline to 5.65 thousand metric tons by 2028. Year-on-year variation showed significant fluctuations, particularly with a 17% drop in 2020 and a subsequent 20.48% increase in 2021. The five-year CAGR from 2024 to 2028 is projected at -0.88%, indicating a modest but consistent decrease.
Future trends to watch for include potential market stabilization or growth driven by demographic changes, economic reforms, and increased urbanization. Additionally, innovations in product formulations, packaging, and distribution channels could impact market dynamics.
