In 2023, poultry meat production in Nigeria stood at 256.45 thousand metric tons. The forecasted data from 2024 to 2028 shows a steady year-on-year increase in production volumes. Specifically, the figures rise from 258.87 thousand metric tons in 2024 to 268.55 thousand metric tons in 2028. The annual growth percentage varies between 0.95% and 1.54% over the forecast period. Taking a broader view, the Compound Annual Growth Rate (CAGR) of poultry meat production from 2024 to 2028 is approximately 1.17%.
Future trends to watch for include potential impacts of technological advancements in poultry farming, government policies on agriculture, and shifts in consumer demand for poultry meat. Additionally, external factors such as climate change and global market fluctuations could influence production volumes in Nigeria. Monitoring these variables will be crucial for accurate future forecasting and strategic planning.