
Nigeria Plant-Based Dairy
Description
Plant-Based Dairy in Nigeria
Plant-based dairy in Nigeria experiences a notable decline in volume sales in 2024, continuing the downward trend observed in 2023. This decline is largely attributed to inflationary pressures that have significantly weakened consumer spending power and led to substantial unit price increases across brands in the category. As a niche market, plant-based dairy products are primarily consumed for their novelty and perceived nutritional benefits. However, the high price sensitivity of consumers in...
Euromonitor International's Plant-based Dairy 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 2019-2023, 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 2028, clearly indicating how the market is expected to change.
Product coverage: Plant-based Cheese, Plant-based Milk, Plant-based Yoghurt.
Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.
Why buy this report?
* Get a detailed picture of the Plant-based Dairy 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.
Table of Contents
19 Pages
- Plant-Based Dairy in Nigeria
- Euromonitor International
- August 2024
- List Of Contents And Tables
- PLANT-BASED DAIRY IN NIGERIA
- KEY DATA FINDINGS
- 2024 DEVELOPMENTS
- Decline in volume sales due to economic challenges
- Almond milk outperforms, soy drinks struggle
- Limited new product development amidst economic pressures
- PROSPECTS AND OPPORTUNITIES
- High prices continue to challenge sales growth
- Economic recovery and growth potential
- Almond milk to lead growth, soy drinks to drive overall growth
- CATEGORY DATA
- Table 1 Sales of Plant-Based Dairy by Category: Value 2019-2024
- Table 2 Sales of Plant-Based Dairy by Category: % Value Growth 2019-2024
- Table 3 Sales of Other Plant-Based Milk by Type: % Value 2021-2024
- Table 4 NBO Company Shares of Plant-Based Dairy: % Value 2020-2024
- Table 5 LBN Brand Shares of Plant-Based Dairy: % Value 2021-2024
- Table 6 Distribution of Plant-Based Dairy by Format: % Value 2019-2024
- Table 7 Forecast Sales of Plant-Based Dairy by Category: Value 2024-2029
- Table 8 Forecast Sales of Plant-Based Dairy by Category: % Value Growth 2024-2029
- DAIRY PRODUCTS AND ALTERNATIVES IN NIGERIA
- EXECUTIVE SUMMARY
- Dairy products and alternatives in 2024: The big picture
- Key trends in 2024
- Competitive Landscape
- Channel developments
- What next for dairy products and alternatives?
- MARKET DATA
- Table 9 Sales of Dairy Products and Alternatives by Category: Value 2019-2024
- Table 10 Sales of Dairy Products and Alternatives by Category: % Value Growth 2019-2024
- Table 11 NBO Company Shares of Dairy Products and Alternatives: % Value 2020-2024
- Table 12 LBN Brand Shares of Dairy Products and Alternatives: % Value 2021-2024
- Table 13 Penetration of Private Label by Category: % Value 2019-2024
- Table 14 Distribution of Dairy Products and Alternatives by Format: % Value 2019-2024
- Table 15 Forecast Sales of Dairy Products and Alternatives by Category: Value 2024-2029
- Table 16 Forecast Sales of Dairy Products and Alternatives by Category: % Value Growth 2024-2029
- DISCLAIMER
- SOURCES
- Summary 1 Research Sources
Pricing
Currency Rates
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