Press release
Nigeria Yogurt Drinks Market Report 2024-2032: Share, Top Key Players Growth Overview and Forecast
Nigeria Yogurt Drinks Market Report 2024-2032
The Nigeria yogurt drinks market size reached US$ 168.5 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 407.4 Billion by 2032, exhibiting a growth rate (CAGR) of 10.19% during 2024-2032.
Yogurt drinks, also known as yogurt-based beverages, are liquid refreshments that are derived from yogurt. They are enriched with essential nutrients, such as protein, calcium, and probiotics, which makes them a popular choice among health-conscious consumers seeking both taste and nutritional benefits. They assist in maintaining strong bones and teeth and enhancing the immune system of individuals. As they benefit from offering a refreshing and hydrating beverage option and maintaining a fluid balance in the body, the demand for yogurt drinks is increasing in Nigeria.
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Some of the Top Key players in the Nigeria Yogurt Drinks Market
Bobo Food and Beverages Limited
Cedar D' Vine Nig. Ltd.
Chi Limited (The Coca-Cola Company)
CWAY Group
Integrated Dairies Limited
Niyya Group
Olam International
Viju Industries
What are the growth prospects and trends in the Nigeria Yogurt Drinks industry?
At present, the rising consumption of ready-to-drink (RTD) yogurt-based drinks among people with busy lifestyles represent one of the major factors bolstering the market growth in Nigeria. Besides this, the growing demand for innovative flavors in yogurt drinks that provide enhanced flavor is offering a positive market outlook.
In line with this, the increasing preference for healthy beverages among individuals is strengthening the growth of the market in Nigeria. Apart from this, the rising demand for functional foods that promote overall well-being among consumers is providing lucrative growth opportunities to industry players in Nigeria.
Moreover, the wide availability of yogurt drinks via supermarkets, hypermarkets, and convenience and online stores in Nigeria is impelling the growth of the market.
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Report Segmentation:
The report has segmented the market into the following categories:
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 need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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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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