Kenya's food gross production is forecasted to see a steady increase from 2024 to 2028. In 2023, the base year, the production value was recorded at 11.345 billion USD PPP. The forecasted values for 2024 show an increase of approximately 0.98% over the 2023 value. The year-on-year growth for 2025 is around 0.98%, followed by 2026 with 0.95%, 2027 with 0.93%, and 2028 with 0.92%. This indicates a gradually decreasing growth rate but overall positive growth annually. The five-year compound annual growth rate (CAGR) from 2023 to 2028 stands at about 0.95%.
Future trends to watch for include:
- Climate change impacts and their effect on agricultural productivity.
- Technological advancements in agriculture that could boost production efficiency.
- Policy changes and government interventions supporting the agricultural sector.
- Market demand shifts due to population growth and changing consumer preferences.
- Global economic conditions and their influence on investment flows in Kenya's agriculture.