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Report
Nigeria Yogurt Drinks Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Market Report I 2023-07-05 I 132 Pages I IMARC Group
Market Overview:
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.
Yogurt drink refers to a coagulated dairy-based beverage that is prepared by fermenting milk with microorganism cultures like Lactobacillus bulgaricus and Streptococcus thermophilus. It contains a rich amount of proteins, calcium, vitamins B6 and B12, potassium, magnesium, riboflavin, etc. Yogurt drinks offer numerous health benefits in boosting immunity, strengthening bones and teeth, lowering the risk of type 2 diabetes, controlling high blood pressure levels, etc. They are widely available in different varieties, including probiotic, creamy, pulp-laced, and stirred yogurts.
Nigeria Yogurt Drinks Market Trends:
In Nigeria, the rising consumer health consciousness is primarily driving the demand for nutrient-rich beverages, such yogurt drinks. In line with this, the elevating levels of urbanization, coupled with the improving consumer living standards, are further propelling the adoption of healthy and fortified yogurt drinks. Additionally, the launch of yogurt drinks in several exotic flavors, including blueberry, mango, raspberry, strawberry, etc., to cater to diverse consumer tastes and preferences, is further augmenting the market growth. Moreover, the growing consumer inclination towards e-commerce platforms based on the availability of different yogurt drink options, door-step delivery, numerous discounts, secured payment gateways, etc., is also bolstering the product demand in the country. Besides this, the Nigerian government is launching several initiatives for creating awareness pertaining to health and wellness. The rising number of health check-up camps to reduce the risk of malnutrition, particularly among children, is also catalyzing the demand for nutritious beverages like yogurt drinks. Moreover, the increasing penetration of various international market players leading to the introduction of different innovative product variants, such as low-fat, non-dairy, vegan, pulp-laced, etc., is positively influencing the regional market. In line with this, the elevating demand for functional beverages, such as probiotic yogurt drinks that help in boosting immunity, especially during the COVID-19 pandemic, is acting as another significant growth-inducing factor. Additionally, several advancements in the packaging solutions, including tetra packs, squeezable tubes, bottles equipped with anti-choking caps for on-the-go consumption and prolonged shelf life of yogurt drinks, are expected to drive the Nigeria market growth in the coming years.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the Nigeria yogurt drinks market report, along with forecasts at the country and regional levels from 2023-2028. Our report has categorized the market based on 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
Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players being 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.
Key Questions Answered in This Report:
How has the Nigeria yogurt drinks market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the Nigeria yogurt drinks industry?
What is the breakup of the market based on the type?
What is the breakup of the market based on the distribution channel?
What is the breakup of the market based on the packaging type?
What is the breakup of the market based on the pack size?
What are the key regional markets in the Nigeria yogurt drinks industry?
What are the various stages in the value chain of the Nigeria yogurt drinks industry?
What are the key driving factors and challenges in the Nigeria yogurt drinks industry?
What is the structure of the Nigeria yogurt drinks industry and who are the key players?
What is the degree of competition in the Nigeria yogurt drinks industry?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Nigeria Yogurt Drinks Market
5.1 Market Overview
5.2 Market Performance
5.2.1 Value Trend
5.2.2 Volume Trend
5.3 Impact of COVID-19
5.4 Market Breakup by Type
5.5 Market Breakup by Distribution Channel
5.6 Market Breakup by Packaging Type
5.7 Market Breakup by Pack Size
5.8 Market Breakup by Region
5.9 Market Forecast
6 Market Breakup by Type
6.1 Regular
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Fat-Free/Low-Fat
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Flavored
6.3.1 Market Trends
6.3.2 Market Forecast
7 Market Breakup by Distribution Channel
7.1 Convenience Stores/Traditional Stores
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Supermarkets and Hypermarkets
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Online
7.3.1 Market Trends
7.3.2 Market Forecast
8 Market Breakup by Packaging Type
8.1 Plastic Bottles
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Tetra Packs
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Plastic Pouches
8.3.1 Market Trends
8.3.2 Market Forecast
9 Market Breakup by Pack Size
9.1 250 ml
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 500 ml
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 1 Litre
9.3.1 Market Trends
9.3.2 Market Forecast
9.4 Others
9.4.1 Market Trends
9.4.2 Market Forecast
10 Market Breakup by Region
10.1 North West
10.1.1 Market Trends
10.1.2 Market Forecast
10.2 South West
10.2.1 Market Trends
10.2.2 Market Forecast
10.3 North Central
10.3.1 Market Trends
10.3.2 Market Forecast
10.4 South South
10.4.1 Market Trends
10.4.2 Market Forecast
10.5 North East
10.5.1 Market Trends
10.5.2 Market Forecast
10.6 South East
10.6.1 Market Trends
10.6.2 Market Forecast
11 SWOT Analysis
11.1 Strengths
11.2 Weaknesses
11.3 Opportunities
11.4 Threats
12 Value Chain Analysis
13 Porters Five Forces Analysis
13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes
14 Price Analysis
15 Competitive Landscape
15.1 Market Structure
15.2 Market Breakup by Key Players
15.3 Profile of Key Players
15.3.1 Bellytastes Foods and Culinary Service Ltd
15.3.1.1 Company Overview
15.3.1.2 Product Portfolio
15.3.2 Bobo Food and Beverages Limited
15.3.2.1 Company Overview
15.3.2.2 Product Portfolio
15.3.3 Cedar D' Vine Nig. Ltd
15.3.3.1 Company Overview
15.3.3.2 Product Portfolio
15.3.4 Chi Limited (The Coca-Cola Company)
15.3.4.1 Company Overview
15.3.4.2 Product Portfolio
15.3.5 CWAY Group
15.3.5.1 Company Overview
15.3.5.2 Product Portfolio
15.3.6 Fan Milk Nigeria (Danone)
15.3.6.1 Company Overview
15.3.6.2 Product Portfolio
15.3.7 Integrated Dairies
15.3.7.1 Company Overview
15.3.7.2 Product Portfolio
15.3.8 Niyya Group
15.3.8.1 Company Overview
15.3.8.2 Product Portfolio
15.3.9 Olam International
15.3.9.1 Company Overview
15.3.9.2 Product Portfolio
15.3.10 Viju Industries
15.3.10.1 Company Overview
15.3.10.2 Product Portfolio
Figure 1: Nigeria: Yogurt Drinks Market: Major Drivers and Challenges
Figure 2: Nigeria: Yogurt Drinks Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Nigeria: Yogurt Drinks Market: Sales Volume (in '000 Tons), 2017-2022
Figure 4: Nigeria: Yogurt Drinks Market: Breakup by Type (in %), 2022
Figure 5: Nigeria: Yogurt Drinks Market: Breakup by Distribution Channel (in %), 2022
Figure 6: Nigeria: Yogurt Drinks Market: Breakup by Packaging Type (in %), 2022
Figure 7: Nigeria: Yogurt Drinks Market: Breakup by Pack Size (in %), 2022
Figure 8: Nigeria: Yogurt Drinks Market: Breakup by Region (in %), 2022
Figure 9: Nigeria: Yogurt Drinks Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 10: Nigeria: Yogurt Drinks Market Forecast: Sales Volume (in '000 Tons), 2023-2028
Figure 11: Nigeria: Yogurt Drinks (Regular) Market: Sales Value (in Million US$), 2017 & 2022
Figure 12: Nigeria: Yogurt Drinks (Regular) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 13: Nigeria: Yogurt Drinks (Fat-Free/Low-Fat) Market: Sales Value (in Million US$), 2017 & 2022
Figure 14: Nigeria: Yogurt Drinks (Fat-Free/Low-Fat) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 15: Nigeria: Yogurt Drinks (Flavored) Market: Sales Value (in Million US$), 2017 & 2022
Figure 16: Nigeria: Yogurt Drinks (Flavored) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 17: Nigeria: Yogurt Drinks (Convenience Stores/Traditional Stores) Market: Sales Value (in Million US$), 2017 & 2022
Figure 18: Nigeria: Yogurt Drinks (Convenience Stores/Traditional Stores) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 19: Nigeria: Yogurt Drinks (Supermarkets and Hypermarkets) Market: Sales Value (in Million US$), 2017 & 2022
Figure 20: Nigeria: Yogurt Drinks (Supermarkets and Hypermarkets) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 21: Nigeria: Yogurt Drinks (Online) Market: Sales Value (in Million US$), 2017 & 2022
Figure 22: Nigeria: Yogurt Drinks (Online) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 23: Nigeria: Yogurt Drinks (Plastic Bottles) Market: Sales Value (in Million US$), 2017 & 2022
Figure 24: Nigeria: Yogurt Drinks (Plastic Bottles) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 25: Nigeria: Yogurt Drinks (Tetra Pack) Market: Sales Value (in Million US$), 2017 & 2022
Figure 26: Nigeria: Yogurt Drinks (Tetra Pack) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 27: Nigeria: Yogurt Drinks (Plastic Pouches) Market: Sales Value (in Million US$), 2017 & 2022
Figure 28: Nigeria: Yogurt Drinks (Plastic Pouches) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 29: Nigeria: Yogurt Drinks (200 ml) Market: Sales Value (in Million US$), 2017 & 2022
Figure 30: Nigeria: Yogurt Drinks (200 ml) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 31: Nigeria: Yogurt Drinks (500 ml) Market: Sales Value (in Million US$), 2017 & 2022
Figure 32: Nigeria: Yogurt Drinks (500 ml) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 33: Nigeria: Yogurt Drinks (1 Litre) Market: Sales Value (in Million US$), 2017 & 2022
Figure 34: Nigeria: Yogurt Drinks (1 Litre) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 35: Nigeria: Yogurt Drinks (Other Pack Sizes) Market: Sales Value (in Million US$), 2017 & 2022
Figure 36: Nigeria: Yogurt Drinks (Other Pack Sizes) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 37: North West: Yogurt Drinks Market: Sales Value (in Million US$), 2017 & 2022
Figure 38: North West: Yogurt Drinks Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 39: South West: Yogurt Drinks Market: Sales Value (in Million US$), 2017 & 2022
Figure 40: South West: Yogurt Drinks Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 41: North Central: Yogurt Drinks Market: Sales Value (in Million US$), 2017 & 2022
Figure 42: North Central: Yogurt Drinks Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 43: South South: Yogurt Drinks Market: Sales Value (in Million US$), 2017 & 2022
Figure 44: South South: Yogurt Drinks Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 45: North East: Yogurt Drinks Market: Sales Value (in Million US$), 2017 & 2022
Figure 46: North East: Yogurt Drinks Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 47: South East: Yogurt Drinks Market: Sales Value (in Million US$), 2017 & 2022
Figure 48: South East: Yogurt Drinks Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 49: Nigeria: Yogurt Drinks Industry: SWOT Analysis
Figure 50: Nigeria: Yogurt Drinks Industry: Value Chain Analysis
Figure 51: Nigeria: Yogurt Drinks Industry: Porter's Five Forces Analysis
Table 1: Nigeria: Yogurt Drinks Market: Key Industry Highlights, 2022 and 2028
Table 2: Nigeria: Yogurt Drinks Market: Breakup by Type (in Million US$), 2017 & 2022
Table 3: Nigeria: Yogurt Drinks Market Forecast: Breakup by Type (in Million US$), 2023-2028
Table 4: Nigeria: Yogurt Drinks Market: Breakup by Distribution Channel (in Million US$), 2017 & 2022
Table 5: Nigeria: Yogurt Drinks Market Forecast: Breakup by Distribution Channel (in Million US$), 2023-2028
Table 6: Nigeria: Yogurt Drinks Market: Breakup by Packaging Type (in Million US$), 2017 & 2022
Table 7: Nigeria: Yogurt Drinks Market Forecast: Breakup by Packaging Type (in Million US$), 2023-2028
Table 8: Nigeria: Yogurt Drinks Market: Breakup by Pack Size (in Million US$), 2017 & 2022
Table 9: Nigeria: Yogurt Drinks Market Forecast: Breakup by Pack Size (in Million US$), 2023-2028
Table 10: Nigeria: Yogurt Drinks Market: Breakup by Region (in Million US$), 2017 & 2022
Table 11: Nigeria: Yogurt Drinks Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 12: Nigeria: Yogurt Drinks Market: Key Price Indicators
Table 13: Nigeria: Yogurt Drinks Market: Competitive Structure
Table 14: Nigeria: Yogurt Drinks Market: Key Players
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