The forecast for meat market size volume per capita in Nigeria indicates a consistent decline from 6.62 kg in 2024 to 6.09 kg in 2028. In 2023, the actual consumption was close to 6.75 kg per capita. The year-on-year variation reveals a gradual decline: -2.11% from 2024 to 2025, -2.01% from 2025 to 2026, -2.04% from 2026 to 2027, and -2.09% from 2027 to 2028. Over the last two years, the market declined by approximately 4.12%, while the CAGR over this forecasting period is roughly -2.06%, showing a steady average annual decrease in meat consumption.
Future trends to watch for in the meat market in Nigeria include potential shifts towards alternative protein sources, changes in dietary preferences due to health awareness, and economic factors impacting purchasing power. Monitoring these trends may provide insights into the evolving consumer behavior and market dynamics.