Nigeria Yogurt Drinks Market Research Report Size, Share, Industry Trends, Growth, Scope and Forecast by 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.
Base Year: 2021
Forecast Year: 2022-2027
According to the latest report by IMARC Group, titled "Nigeria Yogurt Drinks Market Size, Share, Industry Trends, Growth, Opportunity and Forecast 2022-2027", 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.
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.
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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 2022-2027 Analysis and Segmentation:
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:
Breakup by Distribution Channel:
· Convenience Stores/Traditional Stores
· Supermarkets and Hypermarkets
Breakup by Packaging Type:
· Plastic Bottles
· Tetra Packs
· Plastic Pouches
Breakup by Pack Size:
· 200 ml
· 500 ml
· 1 Litre
Breakup by Region:
· North West
· South West
· North Central
· South South
· North East
· South East
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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.
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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