Although milk production has witnessed a significant leap from 229,000 tonnes in 1972 to 531,587 tonnes in 2021, representing a growth rate of 1.89 percent. According to reports, Nigeria’s milk market is projected to grow by 6.56 percent in the next five years resulting in a market volume of $27 billion in 2028.
With the annual demand for fresh milk production in Nigeria hovering around 560,000 to 570,000 tonnes of milk, Nigeria’s demand for milk is estimated to be about 1.7 million tonnes per year, hence, the need for both local and foreign investment to bridge the demand gap cannot be overemphasised.
About Arla Foods
Arla Foods is a dairy company with around 8,400 farmer owners in seven Northern European countries. With a philosophy of producing natural, healthy, and high-quality dairy products which dates back to the 1880s when dairy farmers in Denmark and Sweden joined forces with one common goal to create and provide the best dairy products, Arla Foods, also maker…