Nigeria Compound Feed Market (2025-2031) Outlook | Forecast, Growth, Analysis, Companies, Industry, Value, Revenue, Share, Trends & Size
Market Forecast By Ingredients (Cereals, Cakes & Meals), By Source (Plant-based, Animal-based), By Form (Mash, Pellet, Crumble, Other Forms), By Livestock (Poultry, Ruminants, Swine, Aquaculture, Other Livestock) And Competitive Landscape
| Product Code: ETC220309 | Publication Date: Aug 2022 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
Nigeria Compound Feed Market Top 5 Importing Countries and Market Competition (HHI) Analysis
In 2024, Nigeria`s compound feed import shipments continued to showcase diversity with top exporters including Belgium, Germany, South Africa, China, and Greece. The market remained highly competitive as indicated by the very low Herfindahl-Hirschman Index (HHI) concentration. However, the industry experienced a significant decline with a negative Compound Annual Growth Rate (CAGR) of -24.73% from 2020 to 2024. The growth rate for 2023-2024 declined even further at -28.38%, suggesting challenges and fluctuations in the Nigerian compound feed market.
Nigeria Compound Feed Market Overview
Nigeria compound feed market supplies formulated feed products for livestock, poultry, and aquaculture operations, supporting animal nutrition and productivity. With the expansion of commercial farming and livestock production, there is a rising demand for high-quality compound feeds containing balanced nutrients, vitamins, and minerals to optimize animal health and performance.
Drivers of the market
The Nigeria Compound Feed Market is driven by the growing demand for animal protein and the increasing livestock population. The focus on enhancing animal health and productivity through nutritious feed formulations fuels market growth. Additionally, advancements in feed manufacturing technologies and the rising awareness among farmers about the benefits of compound feed further stimulate the market.
Challenges of the market
The compound feed market is limited by high production costs, low adoption among farmers, and regulatory challenges. Additionally, there is a lack of technical expertise and infrastructure to support the production and distribution of compound feed.
Government Policy of the market
Livestock farming regulations, feed formulation guidelines, and nutritional standards impact the compound feed market.
Key Highlights of the Report:
- Nigeria Compound Feed Market Outlook
- Market Size of Nigeria Compound Feed Market, 2024
- Forecast of Nigeria Compound Feed Market, 2031
- Historical Data and Forecast of Nigeria Compound Feed Revenues & Volume for the Period 2021-2031
- Nigeria Compound Feed Market Trend Evolution
- Nigeria Compound Feed Market Drivers and Challenges
- Nigeria Compound Feed Price Trends
- Nigeria Compound Feed Porter's Five Forces
- Nigeria Compound Feed Industry Life Cycle
- Historical Data and Forecast of Nigeria Compound Feed Market Revenues & Volume By Ingredients for the Period 2021-2031
- Historical Data and Forecast of Nigeria Compound Feed Market Revenues & Volume By Cereals for the Period 2021-2031
- Historical Data and Forecast of Nigeria Compound Feed Market Revenues & Volume By Cakes & Meals for the Period 2021-2031
- Historical Data and Forecast of Nigeria Compound Feed Market Revenues & Volume By Source for the Period 2021-2031
- Historical Data and Forecast of Nigeria Compound Feed Market Revenues & Volume By Plant-based for the Period 2021-2031
- Historical Data and Forecast of Nigeria Compound Feed Market Revenues & Volume By Animal-based for the Period 2021-2031
- Historical Data and Forecast of Nigeria Compound Feed Market Revenues & Volume By Form for the Period 2021-2031
- Historical Data and Forecast of Nigeria Compound Feed Market Revenues & Volume By Mash for the Period 2021-2031
- Historical Data and Forecast of Nigeria Compound Feed Market Revenues & Volume By Pellet for the Period 2021-2031
- Historical Data and Forecast of Nigeria Compound Feed Market Revenues & Volume By Crumble for the Period 2021-2031
- Historical Data and Forecast of Nigeria Compound Feed Market Revenues & Volume By Other Forms for the Period 2021-2031
- Historical Data and Forecast of Nigeria Compound Feed Market Revenues & Volume By Livestock for the Period 2021-2031
- Historical Data and Forecast of Nigeria Compound Feed Market Revenues & Volume By Poultry for the Period 2021-2031
- Historical Data and Forecast of Nigeria Compound Feed Market Revenues & Volume By Ruminants for the Period 2021-2031
- Historical Data and Forecast of Nigeria Compound Feed Market Revenues & Volume By Swine for the Period 2021-2031
- Historical Data and Forecast of Nigeria Compound Feed Market Revenues & Volume By Aquaculture for the Period 2021-2031
- Historical Data and Forecast of Nigeria Compound Feed Market Revenues & Volume By Other Livestock for the Period 2021-2031
- Nigeria Compound Feed Import Export Trade Statistics
- Market Opportunity Assessment By Ingredients
- Market Opportunity Assessment By Source
- Market Opportunity Assessment By Form
- Market Opportunity Assessment By Livestock
- Nigeria Compound Feed Top Companies Market Share
- Nigeria Compound Feed Competitive Benchmarking By Technical and Operational Parameters
- Nigeria Compound Feed Company Profiles
- Nigeria Compound Feed Key Strategic Recommendations
Frequently Asked Questions About the Market Study (FAQs):
6Wresearch actively monitors the Nigeria Compound Feed Market and publishes its comprehensive annual report, highlighting emerging trends, growth drivers, revenue analysis, and forecast outlook. Our insights help businesses to make data-backed strategic decisions with ongoing market dynamics. Our analysts track relevent industries related to the Nigeria Compound Feed Market, allowing our clients with actionable intelligence and reliable forecasts tailored to emerging regional needs.
Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on sales@6wresearch.com
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Nigeria Compound Feed Market Overview |
3.1 Nigeria Country Macro Economic Indicators |
3.2 Nigeria Compound Feed Market Revenues & Volume, 2021 & 2031F |
3.3 Nigeria Compound Feed Market - Industry Life Cycle |
3.4 Nigeria Compound Feed Market - Porter's Five Forces |
3.5 Nigeria Compound Feed Market Revenues & Volume Share, By Ingredients, 2021 & 2031F |
3.6 Nigeria Compound Feed Market Revenues & Volume Share, By Source, 2021 & 2031F |
3.7 Nigeria Compound Feed Market Revenues & Volume Share, By Form, 2021 & 2031F |
3.8 Nigeria Compound Feed Market Revenues & Volume Share, By Livestock, 2021 & 2031F |
4 Nigeria Compound Feed Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for livestock products in Nigeria |
4.2.2 Growth in the livestock industry and commercial farming |
4.2.3 Technological advancements in feed production |
4.2.4 Government support and initiatives for the agricultural sector |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices |
4.3.2 Lack of infrastructure and storage facilities |
4.3.3 Regulatory challenges and compliance issues |
4.3.4 Competition from imported feed products |
5 Nigeria Compound Feed Market Trends |
6 Nigeria Compound Feed Market, By Types |
6.1 Nigeria Compound Feed Market, By Ingredients |
6.1.1 Overview and Analysis |
6.1.2 Nigeria Compound Feed Market Revenues & Volume, By Ingredients, 2021-2031F |
6.1.3 Nigeria Compound Feed Market Revenues & Volume, By Cereals, 2021-2031F |
6.1.4 Nigeria Compound Feed Market Revenues & Volume, By Cakes & Meals, 2021-2031F |
6.2 Nigeria Compound Feed Market, By Source |
6.2.1 Overview and Analysis |
6.2.2 Nigeria Compound Feed Market Revenues & Volume, By Plant-based, 2021-2031F |
6.2.3 Nigeria Compound Feed Market Revenues & Volume, By Animal-based, 2021-2031F |
6.3 Nigeria Compound Feed Market, By Form |
6.3.1 Overview and Analysis |
6.3.2 Nigeria Compound Feed Market Revenues & Volume, By Mash, 2021-2031F |
6.3.3 Nigeria Compound Feed Market Revenues & Volume, By Pellet, 2021-2031F |
6.3.4 Nigeria Compound Feed Market Revenues & Volume, By Crumble, 2021-2031F |
6.3.5 Nigeria Compound Feed Market Revenues & Volume, By Other Forms, 2021-2031F |
6.4 Nigeria Compound Feed Market, By Livestock |
6.4.1 Overview and Analysis |
6.4.2 Nigeria Compound Feed Market Revenues & Volume, By Poultry, 2021-2031F |
6.4.3 Nigeria Compound Feed Market Revenues & Volume, By Ruminants, 2021-2031F |
6.4.4 Nigeria Compound Feed Market Revenues & Volume, By Swine, 2021-2031F |
6.4.5 Nigeria Compound Feed Market Revenues & Volume, By Aquaculture, 2021-2031F |
6.4.6 Nigeria Compound Feed Market Revenues & Volume, By Other Livestock, 2021-2031F |
7 Nigeria Compound Feed Market Import-Export Trade Statistics |
7.1 Nigeria Compound Feed Market Export to Major Countries |
7.2 Nigeria Compound Feed Market Imports from Major Countries |
8 Nigeria Compound Feed Market Key Performance Indicators |
8.1 Average selling price of compound feed products |
8.2 Adoption rate of technology in feed production |
8.3 Percentage of livestock farmers using compound feed |
8.4 Investment in research and development for feed formulations |
8.5 Percentage of self-sufficiency in feed production for the livestock industry |
9 Nigeria Compound Feed Market - Opportunity Assessment |
9.1 Nigeria Compound Feed Market Opportunity Assessment, By Ingredients, 2021 & 2031F |
9.2 Nigeria Compound Feed Market Opportunity Assessment, By Source, 2021 & 2031F |
9.3 Nigeria Compound Feed Market Opportunity Assessment, By Form, 2021 & 2031F |
9.4 Nigeria Compound Feed Market Opportunity Assessment, By Livestock, 2021 & 2031F |
10 Nigeria Compound Feed Market - Competitive Landscape |
10.1 Nigeria Compound Feed Market Revenue Share, By Companies, 2024 |
10.2 Nigeria Compound Feed Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
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