Nigerian Yogurt Drinks Market is expected to reach US$247 Million by 2027 at a CAGR of 10.17% | IMARC Group

According to the latest report of the IMARC group, entitled “Nigeria Yogurt Drinks Market: Industry Trends, Share, Size, Growth, Opportunities and Forecast 2022-2027”, offers a complete analysis of the industry, which includes information on the Nigeria Yogurt Drinks Market. The report also includes competitor and regional analysis, as well as contemporary market advancements.

The Nigeria Yogurt Drinks Market Reaches a value of US$138 million in 2021. Looking ahead, IMARC Group expects the market to reach a value of US$247 million by 2027 presenting a CAGR of 10.17% during the period 2022-2027.

Yogurt drinks are coagulated dairy drinks made by fermenting pasteurized milk with active cultures. They are rich in vitamins B6 and B12, protein, calcium, magnesium, potassium and riboflavin. These drinks are usually sweetened or flavored and come in different variations, such as creamy, probiotic, pulp and stirred yogurts. They offer various health benefits, including improving digestion, boosting the immune system, reducing the risk of type 2 diabetes, and improving dental and bone health. As a result, yogurt drinks are widely consumed in the form of high protein drinks, desserts and sports drinks in Nigeria.

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To note: We regularly monitor the direct effect of COVID-19 on the market, as well as the indirect influence of associated industries. These observations will be incorporated into the report.

Nigeria Yogurt Drinks Market Trends and Drivers:

The Nigerian yogurt drink market is primarily driven by growing consumer health consciousness. Additionally, the growing demand for functional and nutrient-dense beverages like yogurt drinks that help boost immunity, especially amid the coronavirus disease (COVID-19) outbreak, represents another major driver of growth.

Additionally, major manufacturers are launching new product variations including low-fat, dairy-free and vegan products in many exotic flavors to cater to diverse consumer tastes and preferences. They are also adopting innovative packaging solutions, such as squeeze tubes, tetra packs, and bottles fitted with anti-choke caps to support on-the-go consumption and extend the shelf life of yogurt drinks, further accelerating product sales.

Other factors including easy availability of products through e-commerce platforms, supportive government initiatives, improving lifestyles, rising incomes, and rapid urbanization are also expected to catalyze the growth of the market.

Scope of the Nigeria Yogurt Drinks Market Report
Report cover Details
Market size value in 2021 US$138 million
Market forecast in 2027 US$247 million
Rate of growth CAGR of 10.17% from 2022 to 2027
Base year for the estimate 2021
Historical data 2016-2021
Forecast period 2022-2027

Nigeria Yogurt Drinks Market Analysis and Segmentation 2022-2027:

Competitive Landscape:

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

Bellytaste 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.

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The report has segmented the market based on region, type, distribution channel, package type, and package size.

Breakdown by type:

Usual

Fat Free/Low Fat

Fragrant

Breakdown by distribution channel:

Convenience stores/Traditional stores

Supermarkets and Hypermarkets

On line

Breakdown by type of packaging:

plastic bottles

Tetra Packs

Plastic pouches

Breakdown by packet size:

200ml

500ml

1 litre

Others

Breakdown by region:

North West

South West

Center-North

South South

Northeast

South East

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If you want the latest primary and secondary data (2022-2027) with cost module, business strategy, distribution channel, etc. Click request a free sample report, the published report will be emailed to you in PDF format within 24-48 hours of receipt. full payment.

Main 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

Complete 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 part of the customization.

About Us:

The IMARC Group is a leading market research firm providing management strategies and market research worldwide. We partner with clients across all industries and geographies to identify their most important opportunities, address their most critical challenges and transform their businesses.

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

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