Based on the data provided, Nigeria's meat demand, expressed in Million Metric Tons, was 1.38 in 2023. Over the past decade, demand has exhibited considerable fluctuation. From a peak of 1.63 in 2014, there has been a general decline. Notably, from 2020 to 2021, demand saw a significant rebound of 19.46% after a sharp drop of 17.75% in 2020. The most recent year-on-year variation for 2023 was -0.86%, and the 5-year CAGR leading to 2023 was -1.27%. Forecasted data from 2024 to 2028 suggest a continued slight decline with a forecast 5-year CAGR of -0.73%, amounting to a total forecasted decrease of 3.6% by 2028.

Future trends to monitor include:

Economic factors impacting disposable income and meat consumption patterns.
Population growth trends and urbanization which could influence meat demand.
Changes in dietary preferences and potential shifts towards plant-based alternatives.