Nigeria Dairy and Soy Food Market Size and Trend Analysis by Categories and Segment, Distribution Channel, Packaging Formats, Market Share, Demographics and Forecast, 2021-2026

Pages: 85 Published: August 05, 2022 Report Code: GDCS6926MF

  • Overview
  • Key Players
  • Contents
  • Tables
  • Figures
  • FAQ
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The Nigeria dairy and soy food market size was $5.2 billion in 2021. The market is projected to achieve a CAGR of more than 11% during the forecast period. Milk was the largest category in the market and the cream​ category is forecast to register the fastest value growth. Convenience stores was the largest distribution channel.

The Nigeria dairy and soy food market research report provides insights on high-growth markets to target, trends in the usage of packaging materials, types and closures category level distribution data, and company market shares.

Nigeria Dairy and Soy Food Market Size

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Key Categories in the Nigeria Dairy and Soy Food Market

The key categories in the Nigeria dairy and soy food market are butter and spreadable fats, cheese, cream, dairy-based and soy-based desserts, drinkable yogurt, milk, soymilk and soy drinks, and yogurt.

Nigeria Dairy and Soy Food Market, by Categories

Nigeria Dairy and Soy Food Market, by Categories

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Key Distribution Channels in the Nigeria Dairy and Soy Food Market

The key distribution channels in the Nigeria dairy and soy food market are convenience stores, food and drinks specialists, hypermarkets and supermarkets, e-retailers, and cash and carries and warehouse clubs.

Nigeria Dairy and Soy Food Market, by Distribution Channels

Nigeria Dairy and Soy Food Market, by Distribution Channels

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Key Companies in the Nigeria Dairy and Soy Food Market

Some of the key companies in the Nigeria dairy and soy food market are Royal Friesland Campina N.V, Promasidor, Hollandia Karlovy Vary A.S., Arla, and Groupe Lactalis SA. Royal Friesland Campina N.V accounted for the largest value share in the market.

Nigeria Dairy and Soy Food Market, by Companies

Nigeria Dairy and Soy Food Market, by Companies

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Nigeria Dairy and Soy Food Market Report Overview

Market size (2021) $5.2 billion
CAGR (2021-2026) >11%
Key Categories Butter and Spreadable Fats, Cheese, Cream, Dairy-Based and Soy-Based Desserts, Drinkable Yogurt, Milk, Soymilk and Soy Drinks, and Yogurt
Key Distribution Channels Convenience Stores, Food and Drinks Specialists, Hypermarkets and Supermarkets, E-Retailers, and Cash and Carries and Warehouse Clubs
Key Companies Royal Friesland Campina N.V, Promasidor, Hollandia Karlovy Vary A.S., Arla, and Groupe Lactalis SA

Scope

This report provides:

  • Overall sector value and volume data with growth analysis for 2016-2026.
  • Value and growth analysis for butter and spreadable fats, cheese, cream, dairy-based and soy-based desserts, drinkable yogurt, fromage frais and quark, grain, nut, rice, seed milk alternatives, milk, soymilk and soy drinks, and yogurt, with inputs on individual segment share within each category and the change in their market share forecast for 2021-2026.
  • Market share of companies and private labels in 2021.
  • Percentage of sales within each category through distribution channels such as “dollar stores”, variety store and general merchandise retailers, cash and carries and warehouse clubs, convenience stores, department stores, drugstores and pharmacies, e-retailers, food and drinks specialists, hypermarkets and supermarkets, and vending machines.
  • Consumption breakdown for package materials and pack types in each category, in terms of percentage share of the number of units sold.

Reasons to Buy

  • Identify high potential categories and explore further market opportunities based on detailed value and volume analysis.
  • Existing and new players can analyze key distribution channels to identify and evaluate trends and opportunities.
  • Gain an understanding of the total competitive landscape based on detailed company share analysis to plan effective market positioning.
  • Our team of analysts have placed a significant emphasis on changes expected in the market that will provide a clear picture of the opportunities that can be tapped over the next five years, resulting in revenue expansion.
  • The packaging analysis report helps manufacturers, in identifying the most commonly used packaging materials in the sector.
  • Analysis of key macroeconomic indicators such as real GDP, nominal GDP, consumer price index, household consumption expenditure, and population. It also includes an economic summary of the country along with the labor market and demographic trends.

Key Players

Royal Friesland Campina N.V

Promasidor

Hollandia Karlovy Vary A.S.

Arla

Royal Friesland Campina N.V

Groupe Lactalis SA

The Holstein Milk Company Sdn Bhd

DMK Deutsches Milchkontor GmbH

Table of Contents

Table of Contents

Report Scope

Executive Summary

Part 1: Market Environment

Value and Volume Share of Nigeria in the Global and Middle East and Africa Markets

Growth Analysis of Nigeria Compared to Other Leading Countries in the Middle East and Africa Market

PCC and PCE of Nigeria Compared to Global and Middle East and Africa Market

Part 2: Sector Deep Dive

Nigeria Dairy and Soy Food Sector Snapshot

Market Size Analysis

Cross-Category Comparison -Value Growth Analysis and Category Winners and Losers

Cross-Category Comparison -Volume Growth Analysis and Category Winners and Losers

Part 3: Category Deep Dive

Market Size Analysis-Category: Butter and Spreadable Fats

Segment-Level Analysis (in Value Terms) -Butter and Spreadable Fats

Segment-Level Analysis (in Volume Terms) -Butter and Spreadable Fats

Market Size Analysis-Category: Cheese

Segment-Level Analysis (in Value Terms) -Cheese

Segment-Level Analysis (in Volume Terms) -Cheese

Market Size Analysis-Category: Cream

Market Size Analysis-Category: Dairy-Based and Soy-Based Desserts

Segment-Level Analysis (in Value Terms) -Dairy-Based and Soy-Based Desserts

Segment-Level Analysis (in Volume Terms) -Dairy-Based and Soy-Based Desserts

Market Size Analysis-Category: Drinkable Yogurt

Segment-Level Analysis (in Value Terms) -Drinkable Yogurt

Segment-Level Analysis (in Volume Terms) -Drinkable Yogurt

Market Size Analysis-Category: Milk

Segment-Level Analysis (in Value Terms) -Milk

Segment-Level Analysis (in Volume Terms) -Milk

Market Size Analysis-Category: Soymilk and Soy Drinks

Segment-Level Analysis (in Value Terms) -Soymilk and Soy Drinks

Segment-Level Analysis (in Volume Terms) -Soymilk and Soy Drinks

Market Size Analysis-Category: Yogurt

Part 4: Distribution Analysis

Channel Share Analysis

Part 5: Competitive Environment

Leading Companies -Value and Volume Shares

Brand Share Analysis of Top Five Companies

Brand Share Analysis of Top Five Companies by Category

Degree of Consolidation/Fragmentation by Category

Appendix

List of Tables

List of Tables

Leading value categories

Fastest-growing segments (value), 2021

Cross-category comparison -by value (2016-2026)

Cross-category comparison -by volume (2016-2026)

Per capita consumption (by category), Nigeria compared to Middle East and Africa and global levels (in kg), 2021

Segment-level analysis (in value terms) -butter and spreadable fats

Segment-level analysis (in volume terms) -butter and spreadable fats

Segment-level analysis (in value terms) -cheese

Segment-level analysis (in volume terms) -cheese

Segment-level analysis (in value terms) -dairy-based and soy-based desserts

Segment-level analysis (in volume terms) -dairy-based and soy-based desserts

Segment-level analysis (in value terms) -drinkable yogurt

Segment-level analysis (in volume terms) -drinkable yogurt

Segment-level analysis (in value terms) -milk

Segment-level analysis (in volume terms) -milk

Segment-level analysis (in value terms) -soymilk and soy drinks

Segment-level analysis (in volume terms) -soymilk and soy drinks

Change in distribution share, 2016-2021

Top five companies share by brand (in value and volume terms) in the dairy and soy food sector, 2021

Brand shares of top five companies (in value and volume terms) by category, 2021

Category data, by segment

Per capita consumption (kg), 2016-2026

Per capita expenditure ($), 2016-2026

Dairy and soy food sales distribution in Nigeria -by category (NGN million), 2021

Brand share (in value terms) in the dairy and soy food sector, 2021

Brand share (in value terms) in the dairy and soy food sector, by category, 2021

Exchange rates, 2016-2026

List of Figures

List of Figures

Value and volume share of Nigeria in the global and Middle East and Africa dairy and soy food sector, 2021-2026

Nigeria compared to the other top countries in terms of market share, growth, and competitive landscape

PCC comparison -Nigeria, Middle East and Africa, and global, 2016-2026

PCE comparison -Nigeria, Middle East and Africa, and global, 2016-2026

Market size and growth analysis by value and volume, dairy and soy food sector, 2016-2026

Cross-category comparison -value growth analysis and category winners and losers

Cross-category comparison -volume growth analysis and category winners and losers

Market size and growth analysis by value and volume, butter andspreadable fats category, 2016-2026

Market size and growth analysis by value and volume, cheese category, 2016-2026

Market size and growth analysis by value and volume, cream category, 2016-2026

Market size and growth analysis by value and volume, dairy-based and soy-based desserts category, 2016-2026

Market size and growth analysis by value and volume, drinkable yogurt category, 2016-2026

Market size and growth analysis by value and volume, milk category, 2016-2026

Market size and growth analysis by value and volume, soymilk and soy drinks category, 2016-2026

Market size and growth analysis by value and volume, yogurt category, 2016-2026

Share of key distribution channels (in value terms)-dairy and soy food, 2021

Key distribution channel share by category (in value terms), 2021

Leading companies (in value and volume terms) in the dairy and soy food sector, 2021

Category-wise consolidation/fragmentation(in value terms) -dairy and soy food , 2021

List of 109 countries analyzed to identify the high-potential countries in different regions

Frequently Asked Questions

The Nigeria dairy and soy food market size was $5.2 billion in 2021.

The Nigeria dairy and soy food market is projected to achieve a CAGR of more than 11% during the forecast period.

The key categories in the Nigeria dairy and soy food market are butter and spreadable fats, cheese, cream, dairy-based and soy-based desserts, drinkable yogurt, milk, soymilk and soy drinks, and yogurt.

The key distribution channels in the Nigeria dairy and soy food market are convenience stores, food and drinks specialists, hypermarkets and supermarkets, e-retailers, and cash and carries and warehouse clubs.

The key companies in the Nigeria dairy and soy food market are Royal Friesland Campina N.V, Promasidor, Hollandia Karlovy Vary A.S., Arla, and Groupe Lactalis SA.

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