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
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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.
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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
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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
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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
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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.
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
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Frequently asked questions
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What was the Nigeria dairy and soy food market size in 2021?
The Nigeria dairy and soy food market size was $5.2 billion in 2021.
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What is the Nigeria dairy and soy food market growth rate?
The Nigeria dairy and soy food market is projected to achieve a CAGR of more than 11% during the forecast period.
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What are the 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.
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What are the 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.
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Which are the key companies in the Nigeria dairy and soy food market?
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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