
Plant-Based Dairy in Nigeria
Description
Plant-Based Dairy in Nigeria
In 2023, plant-based dairy in Nigeria experiences a reduction in volume, continuing the trend from the substantial decline observed in 2022. Persistent inflationary conditions in 2023 influence both consumer affordability and unit pricing. Despite showing considerable growth over the review period, plant-based dairy remains a relatively niche category in Nigeria, rendering it non-essential in the eyes of most consumers.
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 2018-2022, 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 2027, 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
17 Pages
- Plant-Based Dairy in Nigeria
- Euromonitor International
- September 2023
- List Of Contents And Tables
- PLANT-BASED DAIRY IN NIGERIA
- KEY DATA FINDINGS
- 2023 DEVELOPMENTS
- Plant-based dairy faces volume decline amid inflationary conditions
- Soy drinks affected by shift towards more essential dairy products
- Performance of other plant-based dairy hindered by niche status and import dependency
- PROSPECTS AND OPPORTUNITIES
- Economic recovery to propel growth in plant-based dairy
- Soy drinks to spearhead growth across plant-based dairy due to novelty and nutritional appeal
- Other plant-based dairy poised for growth, fuelled by rising dairy prices and nutritional demand
- CATEGORY DATA
- Table 1 Sales of Plant-Based Dairy by Category: Value 2018-2023
- Table 2 Sales of Plant-Based Dairy by Category: % Value Growth 2018-2023
- Table 3 NBO Company Shares of Plant-Based Dairy: % Value 2019-2023
- Table 4 LBN Brand Shares of Plant-Based Dairy: % Value 2020-2023
- Table 5 Distribution of Plant-Based Dairy by Format: % Value 2018-2023
- Table 6 Forecast Sales of Plant-Based Dairy by Category: Value 2023-2028
- Table 7 Forecast Sales of Plant-Based Dairy by Category: % Value Growth 2023-2028
- DAIRY PRODUCTS AND ALTERNATIVES IN NIGERIA
- EXECUTIVE SUMMARY
- Dairy products and alternatives in 2023: The big picture
- Key trends in 2023
- Competitive Landscape
- Channel developments
- What next for dairy products and alternatives?
- MARKET DATA
- Table 8 Sales of Dairy Products and Alternatives by Category: Value 2018-2023
- Table 9 Sales of Dairy Products and Alternatives by Category: % Value Growth 2018-2023
- Table 10 NBO Company Shares of Dairy Products and Alternatives: % Value 2019-2023
- Table 11 LBN Brand Shares of Dairy Products and Alternatives: % Value 2020-2023
- Table 12 Distribution of Dairy Products and Alternatives by Format: % Value 2018-2023
- Table 13 Forecast Sales of Dairy Products and Alternatives by Category: Value 2023-2028
- Table 14 Forecast Sales of Dairy Products and Alternatives by Category: % Value Growth 2023-2028
- DISCLAIMER
- SOURCES
- Summary 1 Research Sources
Pricing
Currency Rates
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