Nigeria Compound Feed Market- Trend Analysis & Forecasts

Nigeria Compound Feed Market Overview:
The Nigeria compound feed market is a critical segment within the country’s livestock and poultry value chain, valued at approximately US$ ** billion in 2023. The demand for compound feed—blends of essential nutrients such as grains, vitamins, minerals, and protein meals—has grown in response to rising meat, dairy, and egg consumption. Nigeria produced an estimated ** million tonnes of compound feed in 2023, with poultry accounting for nearly **% of total feed demand. States such as Ogun, Oyo, and Kaduna are central hubs for feed production due to proximity to grain suppliers and concentration of commercial farms.

Primary Areas/ Elements of Research & Analysis
The report provides comprehensive and valuable insights into the supply and demand dynamics of the Nigeria compound feed market. Below are the variables considered and analyzed in the report:
• Supply-demand trends, market growth, and trade
• Market structure, conduct, and performance analysis
• Historical and forecasted market size (volume & value)
• Trade analysis (export & import), including key partners, quantities, values, and price trends
• Supply chain mapping, pricing, and regulatory framework
• Competitive landscape profiling of key players
• Factors influencing market performance, including sustainability trends

Market Growth Factors
Nigeria’s compound feed market is expected to expand at a CAGR of **% through 2030, driven by rising protein demand, urban population growth, and government initiatives supporting livestock development. Per capita poultry meat consumption rose from 1.5 kg in 2018 to 2.1 kg in 2023, while milk and egg demand also grew significantly. The federal government’s National Livestock Transformation Plan (NLTP) and the expansion of commercial poultry operations are stimulating increased feed utilization. Feed producers such as Animal Care, Olam Nigeria, and Grand Cereals are investing in capacity upgrades and automation to meet the growing need for high-performance, nutritionally balanced feed.

Market Restraints & Challenges
Despite robust demand, several challenges inhibit the sector’s growth. Volatility in the prices of maize and soybean—the two primary ingredients in compound feed—poses a major cost risk. In 2023, the price of maize surged by **% due to supply constraints and insecurity in major producing regions like Benue and Zamfara. Imported inputs such as premixes and amino acids are affected by forex volatility and customs delays, inflating production costs. Additionally, poor logistics infrastructure, limited access to quality storage facilities, and inadequate R&D investments in feed formulations limit small- and medium-scale feed mills’ efficiency and competitiveness.

Market Segmentation
The Nigerian compound feed market is segmented by livestock type, feed type, and production model. By livestock type, poultry (broilers, layers, breeders) dominates with over 65% market share, followed by ruminants (**%) and aquaculture (**%). Within poultry feed, broiler feed accounts for **%, driven by short production cycles and rising demand for chicken meat. By feed type, the market includes mash (**% share), pellets (**%), and crumbles (**%). Commercial feed mills supply around **% of total output, while on-farm mixing accounts for the rest, especially among smallholder farms. Demand for medicated and fortified feeds is increasing, particularly in the fish and poultry segments.

Competitive Landscape
Nigeria’s feed industry is moderately consolidated, with top players including Animal Care Services Konsult, Olam Agri, Premier Feed Mills, Zartech, and Amo Byng. Together, they control over **% of the market. These firms have vertically integrated operations, enabling control over grain sourcing, feed processing, and livestock farming. Foreign investment is also growing—Olam Nigeria operates one of the largest animal feed mills in West Africa with a capacity of over ** thousand MT/year. Mid-sized companies and cooperatives continue to compete through price differentiation, local sourcing, and customized formulations tailored for specific animal breeds and production environments.

Outlook
By 2030, Nigeria’s compound feed market is forecast to reach US$ ** billion, with annual production surpassing ** million tonnes. Key growth drivers will include improved animal genetics, expansion of commercial livestock farming, and feed fortification innovations. Digital tools for precision nutrition and farm-level monitoring are expected to improve feed conversion ratios (FCR) and overall livestock productivity. As food security becomes a priority, investments in localized raw material sourcing and feed ingredient R&D will gain momentum. With favorable demographics and strategic policy support, Nigeria is poised to become one of Africa’s largest and most dynamic compound feed markets by the end of the decade.

Scope of the Report:
• Historical Years: 2018-2022
• Base Year: 2023
• Forecast Period: 2024-2030
• Units: Value (US$ Million) and Volume (Thousand Tonnes)
• Report Coverage: Production, Consumption, Export, and Import
• Segments Covered:
By Type (Poultry (Chick, Broiler, and Layer), Cattle (Dairy & Beef), Swine, and Others)
By Ingredient (Maize, Soybean Meal, Wheat Bran, Groundnut Cake, and Others)
By Form (Mash, Pellets, and Crumbles)
By Sales (Domestic Consumption and Exports/ Imports)
• Companies Profiled: The market players include, Grand Cereals Limited, Animal Care Services Konsult, Livestock Feeds Plc, Flour Mills of Nigeria Plc, Premier Feed Mills Company, Amo Byng Nigeria Limited, Supreme Feeds, Nutreco N.V., Hybrid Feeds Nigeria Limited, Olam International, ADM, Top Feeds Nigeria Limited, and Others.

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