The whole fresh cow milk producing population in Nigeria has seen fluctuating trends in recent years. In 2023, the population stood at 2.26 million heads. Over the past two years, from 2021 to 2023, there has been a steady but slow increase, with year-on-year variations of 0.63% in 2022 and 0.61% in 2023. Over the last five years, the compound annual growth rate (CAGR) has averaged 0.78%, indicating moderate growth.
From 2013 to 2019, the cow milk-producing population exhibited volatility, with notable declines in certain years such as 2015 and 2016 but began stabilizing from 2017 onwards. The forecasted data from 2024 onward suggests a continued gradual increase, with a projected 5-year CAGR of 0.45% and an overall 5-year growth rate of 2.25% by 2028.
Future trends to watch for include potential impacts of climate change on livestock, advancements in dairy farming technology, and government policies affecting the agricultural sector. Monitoring these factors could provide insights into more accurate projections and strategic planning for the dairy industry.
