Nigeria Yogurt Drinks Market Report 2023-2028: Size by Top Key Players, Growth, Report Forecast

IMARC Group, a leading market research company, has recently releases a report titled “Nigeria Yogurt Drinks Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the Nigeria yogurt drinks market report , share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.



How big is the Nigeria Yogurt Drinks Market?

The Nigeria yogurt drinks market size reached US$ 152.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 273.3 Billion by 2028, exhibiting a growth rate (CAGR) of 10.17% during 2023-2028.

Yogurt drinks are dairy-based beverages made by blending yogurt with water, milk, and fruit juices. They have a smooth texture with a tangy or sweet taste, depending on the added ingredients. They include traditional yogurt-based drinks, flavored drinks, and probiotic-enriched variants. They often contain live and active cultures that aid in digestion and promote healthy gut flora. They are also enriched with calcium, protein, and vitamins, contributing to overall nutritional balance. Besides this, their regular consumption can improve the immune system, support weight management, and reduce the risk of certain gastrointestinal issues. They are commonly consumed as healthy beverages and incorporated into smoothies or used as a base for various culinary recipes.

What are the growth prospects and trends in the Nigeria Yogurt Drinks Industry?

The increasing health consciousness among the masses in Nigeria represents one of the primary factors catalyzing the demand for nutritious and probiotic-rich products like yogurt drinks. Additionally, the widespread adoption of yogurt drinks as a versatile ingredient in various culinary preparations, including smoothies, desserts, and traditional dishes, is fostering their integration into the local food culture, thereby amplifying their demand.

Moreover, the key market players are undertaking aggressive marketing strategies and product innovations to expand their market reach and increase overall profitability. They are also focusing on product diversification and the introduction of innovative flavors, formulations, and packaging designs tailored to cater to evolving consumer preferences and taste profiles. Furthermore, the rising influence of Western lifestyles and dietary habits, particularly among the younger demographic, is driving the adoption of yogurt drinks as a trendy beverage choice.

Apart from this, the expansion of organized retail chains in urban and semi-urban areas is enabling broader product visibility, accessibility, and consumer engagement, which is positively influencing the market. In addition, the governing authorities and various industry stakeholders of Nigeria are undertaking initiatives to promote a healthy lifestyle and encourage the consumption of nutritious food and beverages (F&B), which is strengthening the growth of the market. 

Ask Analyst for Customization and Browse full report with TOC & List of Figure: https://www.imarcgroup.com/nigeria-yogurt-drinks-market

What is included in market segmentation?

The report has segmented the market into the following categories:

Breakup by Type:

  • Regular
  • Fat-Free/Low-Fat
  • Flavored

Breakup by Distribution Channel:

  • Convenience Stores/Traditional Stores
  • Supermarkets and Hypermarkets
  • Online

Breakup by Packaging Type:

  • Plastic Bottles
  • Tetra Packs
  • Plastic Pouches

Breakup by Pack Size:

  • 200 ml
  • 500 ml
  • 1 Litre
  • Others

Breakup by Region:

  • North West
  • South West
  • North Central
  • South South
  • North East
  • South East

Who are the key players operating in the industry?

The market research report has also provided a comprehensive analysis of the competitive landscape.

  • Bobo Food and Beverages Limited
  • Cedar D' Vine Nig. Ltd.
  • Chi Limited (The Coca-Cola Company)
  • CWAY Group
  • Integrated Dairies Limited
  • Niyya Group 
  • Olam International
  • Viju Industries

If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic, and technological developments for business leaders in pharmaceutical, industrial, and high-technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology, and novel processing methods are at the top of the company’s expertise.

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