Nigeria Yogurt Drinks Market Size 2022-27: Industry Share, Trends, Growth, Opportunity and Forecast

 According to the latest report by IMARC Group, titled “Nigeria Yogurt Drinks Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” offers a comprehensive analysis of the industry, which comprises insights on the Nigeria yogurt drinks market. The report also includes competitor and regional analysis, and contemporary advancements in the market.

 The Nigeria yogurt drinks market reached a value of US$ 138 Million in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 247 Million by 2027 exhibiting a CAGR of 10.17% during 2022-2027.

Yogurt drinks are coagulated dairy beverages prepared through the fermentation of pasteurized milk with active cultures. They are rich in vitamins B6 and B12, proteins, calcium, magnesium, potassium, and riboflavin. These drinks are generally sweetened or flavored and are available in different variants, such as creamy, probiotic, pulp-laced, and stirred yogurts. They offer various health benefits, including improving digestion, strengthening the immune system, reducing the risk of type 2 diabetes, and enhancing teeth and bone health. As a result, yogurt drinks are widely consumed as beverages, desserts, and protein-rich sports drinks in Nigeria.

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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Nigeria Yogurt Drinks Market Trends and Drivers:

The Nigeria yogurt drinks market is primarily driven by the growing health consciousness among consumers. Additionally, the escalating demand for functional and nutrient-rich beverages like yogurt drinks that help boost immunity, especially amid the coronavirus disease (COVID-19) outbreak, represents another major growth-inducing factor.

Furthermore, the leading manufacturers are launching new product variants, including low-fat, non-dairy, and vegan, in numerous exotic flavors to cater to diverse consumer tastes and preferences. They are also adopting innovative packaging solutions, such as squeezable tubes, tetra packs, and bottles equipped with anti-choking caps to support on-the-go consumption and extended shelf life of yogurt drinks, which is further accelerating the product sales.

Other factors, including the easy product availability via e-commerce platforms, favorable government initiatives, improving lifestyles, elevating incomes, and rapid urbanization, are also anticipated to catalyze the market growth.

Nigeria Yogurt Drinks Market Report ScopeReport CoverageDetailsMarket size value in 2021US$ 138 MillionMarket forecast in 2027US$ 247 MillionGrowth RateCAGR of 10.17% from 2022 to 2027Base year for estimation2021Historical data2016-2021Forecast period2022-2027

 
Nigeria Yogurt Drinks Market 2022-2027 Analysis and Segmentation:

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

Bellytastes Foods and Culinary Services, Bobo Food and Beverages Limited, Cedar D’ Vine Nig. Limited, Chi Limited (The Coca-Cola Company), CWAY Group, Fan Milk Nigeria (Danone), Integrated Dairies, Niyya Group, Olam International and Viju Industries.

The report has segmented the market on the basis of region, type, distribution channel, packaging type and pack size.

Breakup by Type:

·      Regular

·      Fat-Free/Low-Fat

·      Flavored
 

Breakup by Distribution Channel:

·      Convenience Stores/Traditional Stores

·      Supermarkets and Hypermarkets

·      Online
 

Breakup by Packaging Type:

·      Plastic Bottles

·      Tetra Packs

·      Plastic Pouches

 Breakup by Pack Size:

·      200 ml

·      500 ml

·      1 Litre

·      Others
 

Breakup by Region:

·      North West

·      South West

·      North Central

·      South South

·      North East

·      South East

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 If you want latest primary and secondary data (2022-2027) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.

 Key highlights of the report:

• Market Performance (2016-2021)
• Market Outlook (2022- 2027)
• Porter’s Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

 If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

 IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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