Nigeria Dairy Products Market Analysis (2013 - 2023)

This data guide on Dairy Products provides a complete overview of the market during the period 2010-2018, while the forecast data is provided till 2023. The data guide comprises retail sales, of various categories within Dairy Products, such as Yogurt, Drinkable Yogurt, Milk, Butter, Cheese, and Dairy Desserts, along with their values, volume and channels of distribution. Furthermore, it provides an in-depth analysis of the various segments in the Dairy Products market, along with their growth perspective, which is expected to help in venturing into specific growth areas.

This guide helps in making well-informed business decisions, primarily regarding the latest market trends and product developments. Extensive secondary and primary researches/interviews are conducted as a part of the market analysis.

The Nigeria Dairy Products market registered a growth of 6.78% to reach 545422 NGN mn in 2018.Whippng Cream constitute the leading segment in Cream category, which recorded a per capita consumption of 0.002754 Kg in 2018. On the other hand, Flans (Puddings/Desserts) is the fastest growing segment in the Dairy Desserts category. The Milk category is expected to reach 655839.14116 by 2023, witnessing a healthy CAGR of 12.09%. Among distribution channels, Convenience Stores are the preferred destination among the populace.

Some of the Key Takeaways

Condensed milk was the fastest growing segment in the last five years, with a CAGR of 10.13%.
The Double Cream segment is expected to dominate the Cream category sales during the forecast period.
Natural Cheese segment volume sales are witnessing the fastest growth in the Cheese category.