Dairy Products and Alternatives in Nigeria
Dairy products and alternatives experience an overall decline in volume terms in 2023 as challenging economic conditions limit consumer spending power. In particular, high inflation driven by depreciation of the local currency, increasing fuel costs, and a demonetisation policy of the government mean that consumers have to focus spending on the most essential products. Dairy products and alternatives remain fairly inessential for many consumers (historically Nigeria has a low per capita consumpt...
Euromonitor International's Dairy Products and Alternatives in Nigeria report offers in-depth knowledge of the market at a national level, providing local insight and understanding unavailable elsewhere. In addition to the latest retail sales data 2018-2022, it identifies the leading companies, brands and retail outlets, and assesses the key trends and demographic shifts behind consumer demand and sales growth. How key trends such as health and wellness, sustainability and recovery from the pandemic are shaping the market in <|Year|> directly informs our forecasts to 2027, clearly indicating how the market is expected to change.
Product coverage: Baby Food, Dairy, Plant-based Dairy.
Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.
Why buy this report?
* Get a detailed picture of the Dairy Products and Alternatives market;
* Pinpoint growth sectors and identify factors driving change;
* Understand the competitive environment, the market’s major players and leading brands;
* Use five-year forecasts to assess how the market is predicted to develop
- Dairy Products and Alternatives in Nigeria
- Euromonitor International
- September 2023
- List Of Contents And Tables
- DAIRY PRODUCTS AND ALTERNATIVES IN NIGERIA
- EXECUTIVE SUMMARY
- Dairy products and alternatives in 2023: The big picture
- Key trends in 2023
- Competitive Landscape
- Channel developments
- What next for dairy products and alternatives?
- MARKET DATA
- Table 1 Sales of Dairy Products and Alternatives by Category: Value 2018-2023
- Table 2 Sales of Dairy Products and Alternatives by Category: % Value Growth 2018-2023
- Table 3 NBO Company Shares of Dairy Products and Alternatives: % Value 2019-2023
- Table 4 LBN Brand Shares of Dairy Products and Alternatives: % Value 2020-2023
- Table 5 Distribution of Dairy Products and Alternatives by Format: % Value 2018-2023
- Table 6 Forecast Sales of Dairy Products and Alternatives by Category: Value 2023-2028
- Table 7 Forecast Sales of Dairy Products and Alternatives by Category: % Value Growth 2023-2028
- DISCLAIMER
- SOURCES
- Summary 1 Research Sources
- BABY FOOD IN NIGERIA
- KEY DATA FINDINGS
- 2023 DEVELOPMENTS
- Decline in baby food volume sales in 2023 amid inflationary conditions impacting consumer affordability
- Consumer response to escalating unit prices
- Local baby food manufacturers thrive amid challenges
- PROSPECTS AND OPPORTUNITIES
- Economic recovery anticipated to propel growth during the forecast period
- Rising baby population to drive demand
- Growing competition, particularly from local players, to catalyse product diversity and demand
- CATEGORY DATA
- Table 8 Sales of Baby Food by Category: Volume 2018-2023
- Table 9 Sales of Baby Food by Category: Value 2018-2023
- Table 10 Sales of Baby Food by Category: % Volume Growth 2018-2023
- Table 11 Sales of Baby Food by Category: % Value Growth 2018-2023
- Table 12 Sales of Growing-Up Milk Formula by Age: % Value 2018-2023
- Table 13 NBO Company Shares of Baby Food: % Value 2019-2023
- Table 14 LBN Brand Shares of Baby Food: % Value 2020-2023
- Table 15 Distribution of Baby Food by Format: % Value 2018-2023
- Table 16 Forecast Sales of Baby Food by Category: Volume 2023-2028
- Table 17 Forecast Sales of Baby Food by Category: Value 2023-2028
- Table 18 Forecast Sales of Baby Food by Category: % Volume Growth 2023-2028
- Table 19 Forecast Sales of Baby Food by Category: % Value Growth 2023-2028
- BUTTER AND SPREADS IN NIGERIA
- KEY DATA FINDINGS
- 2023 DEVELOPMENTS
- Improved performance in butter and spreads despite weak demand amid inflation
- Margarine and spreads flourish in 2023 due to cooking trends
- Butter remains niche and struggles due to currency depreciation
- PROSPECTS AND OPPORTUNITIES
- Anticipating good growth amid improved economic conditions
- Margarine and spreads to spearhead strong growth through population and cooking trends
- Butter demand to reap benefits from exchange rate stability
- CATEGORY DATA
- Table 20 Sales of Butter and Spreads by Category: Volume 2018-2023
- Table 21 Sales of Butter and Spreads by Category: Value 2018-2023
- Table 22 Sales of Butter and Spreads by Category: % Volume Growth 2018-2023
- Table 23 Sales of Butter and Spreads by Category: % Value Growth 2018-2023
- Table 24 NBO Company Shares of Butter and Spreads: % Value 2019-2023
- Table 25 LBN Brand Shares of Butter and Spreads: % Value 2020-2023
- Table 26 Distribution of Butter and Spreads by Format: % Value 2018-2023
- Table 27 Forecast Sales of Butter and Spreads by Category: Volume 2023-2028
- Table 28 Forecast Sales of Butter and Spreads by Category: Value 2023-2028
- Table 29 Forecast Sales of Butter and Spreads by Category: % Volume Growth 2023-2028
- Table 30 Forecast Sales of Butter and Spreads by Category: % Value Growth 2023-2028
- CHEESE IN NIGERIA
- KEY DATA FINDINGS
- 2023 DEVELOPMENTS
- Volume decline in cheese amidst challenging economic conditions
- Depreciation of the local currency amplifies unit prices
- Brand availability dampened in 2023 as importers struggle with rising costs
- PROSPECTS AND OPPORTUNITIES
- Anticipating good growth as economy improves
- Novelty factor expected to drive demand
- Spreadable cheese poised to lead dynamic growth
- CATEGORY DATA
- Table 31 Sales of Cheese by Category: Volume 2018-2023
- Table 32 Sales of Cheese by Category: Value 2018-2023
- Table 33 Sales of Cheese by Category: % Volume Growth 2018-2023
- Table 34 Sales of Cheese by Category: % Value Growth 2018-2023
- Table 35 Sales of Spreadable Processed Cheese by Type: % Value 2018-2023
- Table 36 NBO Company Shares of Cheese: % Value 2019-2023
- Table 37 LBN Brand Shares of Cheese: % Value 2020-2023
- Table 38 Distribution of Cheese by Format: % Value 2018-2023
- Table 39 Forecast Sales of Cheese by Category: Volume 2023-2028
- Table 40 Forecast Sales of Cheese by Category: Value 2023-2028
- Table 41 Forecast Sales of Cheese by Category: % Volume Growth 2023-2028
- Table 42 Forecast Sales of Cheese by Category: % Value Growth 2023-2028
- DRINKING MILK PRODUCTS IN NIGERIA
- KEY DATA FINDINGS
- 2023 DEVELOPMENTS
- Inflationary conditions lead to volume decline for drinking milk products as consumer spending power remains weak
- Powder milk volume decline drives overall decrease in drinking milk products
- Flavoured milk drinks and shelf stable milk struggle in 2023 due to poor economic conditions
- PROSPECTS AND OPPORTUNITIES
- Economic recovery and population growth drive forecast period growth
- Powder milk's resilience amidst economic improvements
- Flavoured milk drinks and shelf-stable milk: Beneficiaries of young population growth
- CATEGORY DATA
- Table 43 Sales of Drinking Milk Products by Category: Volume 2018-2023
- Table 44 Sales of Drinking Milk Products by Category: Value 2018-2023
- Table 45 Sales of Drinking Milk Products by Category: % Volume Growth 2018-2023
- Table 46 Sales of Drinking Milk Products by Category: % Value Growth 2018-2023
- Table 47 NBO Company Shares of Drinking Milk Products: % Value 2019-2023
- Table 48 LBN Brand Shares of Drinking Milk Products: % Value 2020-2023
- Table 49 Distribution of Drinking Milk Products by Format: % Value 2018-2023
- Table 50 Forecast Sales of Drinking Milk Products Products by Category: Volume 2023-2028
- Table 51 Forecast Sales of Drinking Milk Products Products by Category: Value 2023-2028
- Table 52 Forecast Sales of Drinking Milk Products Products by Category: % Volume Growth 2023-2028
- Table 53 Forecast Sales of Drinking Milk Products Products by Category: % Value Growth 2023-2028
- YOGHURT AND SOUR MILK PRODUCTS IN NIGERIA
- KEY DATA FINDINGS
- 2023 DEVELOPMENTS
- Yoghurt witnesses positive volume growth in 2023
- Drinking yoghurt: Pivotal in fulfilling perceived dairy needs
- Spoonable varieties of yoghurt struggle due to currency depreciation's negative impact on imports
- PROSPECTS AND OPPORTUNITIES
- Population growth fuels demand for yoghurt and sour milk products
- Drinking yoghurt's set to maintain momentum as an on-the-go nutritious choice
- Growing competition and innovation propel consumer interest
- CATEGORY DATA
- Table 54 Sales of Yoghurt and Sour Milk Products by Category: Volume 2018-2023
- Table 55 Sales of Yoghurt and Sour Milk Products by Category: Value 2018-2023
- Table 56 Sales of Yoghurt and Sour Milk Products by Category: % Volume Growth 2018-2023
- Table 57 Sales of Yoghurt and Sour Milk Products by Category: % Value Growth 2018-2023
- Table 58 NBO Company Shares of Yoghurt and Sour Milk Products: % Value 2019-2023
- Table 59 LBN Brand Shares of Yoghurt and Sour Milk Products: % Value 2020-2023
- Table 60 Distribution of Yoghurt and Sour Milk Products by Format: % Value 2018-2023
- Table 61 Forecast Sales of Yoghurt and Sour Milk Products by Category: Volume 2023-2028
- Table 62 Forecast Sales of Yoghurt and Sour Milk Products by Category: Value 2023-2028
- Table 63 Forecast Sales of Yoghurt and Sour Milk Products by Category: % Volume Growth 2023-2028
- Table 64 Forecast Sales of Yoghurt and Sour Milk Products by Category: % Value Growth 2023-2028
- OTHER DAIRY IN NIGERIA
- KEY DATA FINDINGS
- 2023 DEVELOPMENTS
- Slight volume increase in other dairy in 2023, recovering from the decline 2022
- Decline in condensed and evaporated milk attributed to inflationary conditions
- Coffee whiteners thrive as economical dairy alternatives
- PROSPECTS AND OPPORTUNITIES
- Economic recovery and price stability to propel forecast period growth
- Price stability and fierce competition fuel demand surge
- Continued strong growth for coffee whiteners driven by low-income consumers
- CATEGORY DATA
- Table 65 Sales of Other Dairy by Category: Volume 2018-2023
- Table 66 Sales of Other Dairy by Category: Value 2018-2023
- Table 67 Sales of Other Dairy by Category: % Volume Growth 2018-2023
- Table 68 Sales of Other Dairy by Category: % Value Growth 2018-2023
- Table 69 Sales of Cream by Type: % Value 2018-2023
- Table 70 NBO Company Shares of Other Dairy: % Value 2019-2023
- Table 71 LBN Brand Shares of Other Dairy: % Value 2020-2023
- Table 72 Distribution of Other Dairy by Format: % Value 2018-2023
- Table 73 Forecast Sales of Other Dairy by Category: Volume 2023-2028
- Table 74 Forecast Sales of Other Dairy by Category: Value 2023-2028
- Table 75 Forecast Sales of Other Dairy by Category: % Volume Growth 2023-2028
- Table 76 Forecast Sales of Other Dairy by Category: % Value Growth 2023-2028
- PLANT-BASED DAIRY IN NIGERIA
- KEY DATA FINDINGS
- 2023 DEVELOPMENTS
- Plant-based dairy faces volume decline amid inflationary conditions
- Soy drinks affected by shift towards more essential dairy products
- Performance of other plant-based dairy hindered by niche status and import dependency
- PROSPECTS AND OPPORTUNITIES
- Economic recovery to propel growth in plant-based dairy
- Soy drinks to spearhead growth across plant-based dairy due to novelty and nutritional appeal
- Other plant-based dairy poised for growth, fuelled by rising dairy prices and nutritional demand
- CATEGORY DATA
- Table 77 Sales of Plant-Based Dairy by Category: Value 2018-2023
- Table 78 Sales of Plant-Based Dairy by Category: % Value Growth 2018-2023
- Table 79 NBO Company Shares of Plant-Based Dairy: % Value 2019-2023
- Table 80 LBN Brand Shares of Plant-Based Dairy: % Value 2020-2023
- Table 81 Distribution of Plant-Based Dairy by Format: % Value 2018-2023
- Table 82 Forecast Sales of Plant-Based Dairy by Category: Value 2023-2028
- Table 83 Forecast Sales of Plant-Based Dairy by Category: % Value Growth 2023-2028
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