The maize processing industry in Nigeria has shown overall steady growth from 2014 to 2023, with the value standing at 340.0 thousand metric tons in 2023. The year-on-year variations illustrate occasional fluctuations: significant growth in 2015 and 2016, a decline in 2017, and a consistent but slower growth trend from 2018 onwards. The CAGR over the past five years (2019-2023) is 1.22%, demonstrating a moderate increase in this period.

Future trends to watch for include:

Continued gradual growth with an expected CAGR of 0.97% from 2023 to 2028.
Potential impacts from climate change and agricultural policies on maize yield and quality.
Technological advancements in agriculture and processing methods that could enhance efficiency and output.
Increased domestic and international demand driving changes in the market dynamics.