The forecast for barley feed in Nigeria shows consistent growth from 2024 to 2028, with values increasing from 12.0 Thousand Metric Tons in 2024 and 2025 to 14.0 Thousand Metric Tons by 2028. In comparison, the barley feed stood at 11.0 Thousand Metric Tons in 2023. Year-on-year growth is as follows:
- 2024-2025: 0% - 2025-2026: 8.33%- 2026-2027: 0%- 2027-2028: 7.69%
The average annual growth rate (CAGR) over the last 5 years is approximately 5.2%. This indicates a steady increase in demand for barley feed in the Nigerian market.
Future trends to watch for include potential impacts of climate change on barley production, evolving agricultural practices, and shifts in local livestock demands which can drive changes in feed requirements.
