Nigeria Yogurt Drinks Market Size to Reach US$ 273.3 Billion by 2028, at 10.17% CAGR (2023-2028)

IMARC Group, a leading market research company, has recently releases report titled "Nigeria Yogurt Drinks Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028." The study provides a detailed analysis of the industry, including the Nigeria yogurt drinks market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

How Big is the Nigeria Yogurt Drinks Market?
The Nigeria yogurt drinks market size reached US$ 152.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 273.3 Billion by 2028, exhibiting a growth rate (CAGR) of 10.17% during 2023-2028.

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Yogurt drinks refer to dairy-based beverages made by fermenting milk with bacterial cultures of Lactobacillus and Bifidobacterium. They comprise a wide variety of nutrients, such as calcium, potassium, vitamins D, B6, and B12, zinc, and magnesium. They also contain proteins, which are essential for repairing the body cells, building muscles, boosting growth, and improving digestion. They are rich sources of probiotics that are necessary for maintaining proper gut health, retaining the concentration of good bacteria in the gut, preventing diarrhea and inflamed bowel conditions, and strengthening immunity. They are effective in reducing the occurrence of nutritional deficiencies and various health complications, such as musculoskeletal impairment, immuno-senescence, cardiometabolic diseases, and cognitive impairment. They also facilitate the healthy growth of bones in children, reduce bone loss, and lower the risk of broken bones and osteoporosis. Yogurt drinks boost metabolism, burn belly fat, and help control blood pressure and prevent hypertension and kidney issues by eradicating excess sodium from the body. They maintain the correct vaginal pH, improve blood sugar control, and prevent the occurrence of candida or vaginal yeast infections in women. Furthermore, as they are easy to digest and provide numerous nutritional benefits, the demand for yogurt drinks is increasing in Nigeria.

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What are the growth prospects and trends in the Nigeria yogurt drinks industry?

At present, the rising demand for yogurt drinks due to the growing health consciousness among the masses represents one of the primary factors influencing the market positively in Nigeria. Besides this, the increasing consumption of nutritionally rich diets and supplements to prevent the spread of contagious diseases and the occurrence of various chronic lifestyle disorders, such as diabetes, thyroiditis, arthritis, obesity, and cardiovascular complications, is propelling the growth of the market.

In addition, the wide availability of yogurt drinks in various convenient packaging, such as tetra packs, squeezable tubes, and compact bottles for on-the-go consumption, is contributing to the growth of the market in the country. Apart from this, the growing awareness about the benefits of consuming probiotics in daily diet among the masses is offering a favorable market outlook. Additionally, the rising adoption of yogurt drinks as an alternative to unhealthy beverages and carbonated drinks is supporting the growth of the market.

Moreover, the increasing number of e-commerce brands and distribution channels selling yogurt drinks infused with innovative flavors, such as mango, blueberry, strawberry, rose, and pineapple, is strengthening the growth of the market in Nigeria. Furthermore, key market players operating in the country are manufacturing yogurt drinks with plant-based milk devoid of artificial preservatives and sugars for lactose-intolerant and vegan consumers.

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Nigeria Yogurt Drinks Market 2023-2028 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

If you want latest primary and secondary data (2023-2028) 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 (2017-2022)
• Market Outlook (2023-2028)
• 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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