In 2023, Nigeria's cheese production stood at 9.98 thousand metric tons. Over the last two years, production saw a moderate growth with year-on-year variations of 0.61% annually. Analyzing the last five years, the Compound Annual Growth Rate (CAGR) was 0.63%, indicating a gradual increase in production volume.
Key trends over the past decade show variability, including declines in 2015 and 2020, but with overall gradual recovery and stability from 2021 onwards. The forecast through 2028 suggests a continued moderate increase with a forecasted 5-year CAGR of 0.48% and overall forecasted growth rate of 2.44%.
Future trends to watch for include advancements in dairy farming technology, potential shifts in dietary preferences due to global health trends, and the impact of economic policies on agriculture and production infrastructure.
