Press release
Nigeria Yogurt Drinks Market Size, Report, Industry Growth and Forecast 2023-2028
Nigeria Yogurt Drinks Market 2023-2028
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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What are Yogurt Drinks?
Yogurt drinks are beverages made from yogurt, which is a fermented dairy product. They are often combined with fruits, sweeteners, and sometimes other flavoring agents to create a smooth and delightful drink. They contain vitamins, minerals, protein, and probiotics that can support digestive health. They have a smooth texture which can vary in thickness depending on the type of yogurt and additional components. They strengthen the immune system and contribute to a healthy weight. They can be enjoyed alone, in smoothies, or as an ingredient in various culinary dishes. Furthermore, as yogurt drinks are readily available and easy to consume on the go, their demand is rising in Nigeria.
What are the growth prospects and trends in the Nigeria yogurt drinks industry?
At present, the increasing preference for nutritious and low-fat food and beverage options due to rising health consciousness among consumers represents one of the crucial factors impelling the growth of the market in Nigeria. Besides this, the increasing awareness about the beneficial aspects of consuming probiotics and their influence on the gut microbiome is contributing to the growth of the market.
In addition, the growing demand for low-fat yogurt drinks and dairy-free yogurt drinks among vegans and lactose-intolerant individuals is offering a favorable market outlook. Apart from this, the increasing consumption of yogurt drinks as a healthy alternative to high-calorie beverages is supporting the growth of the market in Nigeria.
Additionally, the rising expansion of modern retail channels, including supermarkets, hypermarkets, and online platforms selling yogurt drinks, is bolstering the market growth in Nigeria.
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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
Who are the key players operating in the industry?
The report covers the major market players including:
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.
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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Contact US
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About Us
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 Group'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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