Driven by strong market fundamentals, the Nigeria plant-based dairy market is expected to achieve rapid growth, adding USD 36.5 million in value and delivering a CAGR of approximately 19.4% through the forecast period. Nigeria’s plant-based dairy market is growing, driven by urbanization and increased health consciousness, especially around lactose intolerance and digestive issues. The influence of Western dietary habits is spurring interest in vegan and plant-based options. Additionally, sustainability is an emerging factor, with a gradual rise in awareness of eco-friendly consumption.
The report delivers an in-depth analysis of the Nigeria plant-based dairy industry, offering extensive market data such as historical market size, growth trajectories, and forward-looking projections. It thoroughly examines key market categories and subcategories, emphasizing critical elements like distribution channel. By offering this detailed analysis, the report assists in uncovering the untapped potential of the plant-based dairy market.
Market Segmentation
The following outlines the segmentation of the Nigeria plant-based dairy market:
Distribution channel: convenience stores, supermarkets and hypermarkets, grocery stores, e-commerce, others
The Nigeria plant-based dairy market is categorized by distribution channel. Distribution channel segmentation includes convenience stores, supermarkets and hypermarkets, grocery stores, e-commerce, and others.
Competitive Landscape
The report provides profiles of notable companies, including Lam Soon Group, Green Spot Co. Ltd., Danone S.A., CWAY Group, Costco Wholesale Corp. and Blue Diamond Growers. This report delivers an in-depth examination of leading companies in the plant-based dairy sector, analyzing their performance from 2019 to 2023. The results indicate changes in market share, emphasizing both established leaders and new entrants.
Why Buy This Report?
Obtain precise statistical data and forecasts for the Nigeria plant-based dairy market.
Gain in-depth analysis and forecasts for the key segments of the Nigeria plant-based dairy market: distribution channel.
Develop region-specific strategies and set strategic priorities based on localized data analysis.
Gain deep insights into the dynamics of the Nigeria plant-based dairy market.
Identify high-potential investment opportunities by targeting growth sectors and emerging trends.
Anticipate the future trajectory of the Nigeria plant-based dairy market with informed projections.
Assess the competitive landscape to determine the ideal timing for capitalizing on market opportunities.
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Table of Contents
TABLE OF CONTENTS
Key Findings
Report Scope
Research Methodology
Market Overview
Nigeria Plant-based Dairy Market – Distribution Channel Analysis
Key Players and Market Share
– Lam Soon Group
– Green Spot Co., Ltd.
– Danone S.A.
– CWAY Group
– Costco Wholesale Corp.
– Blue Diamond Growers
Macroeconomic Data and Forecast
Disclaimer
FIGURES AND TABLES
Table Nigeria Plant-based Dairy Market 2019-2029
Chart Nigeria Plant-based Dairy Market, Net Growth, 2019-2029
Chart Nigeria Plant-based Dairy Market, Growth Rates, 2019-2029
Table Nigeria Plant-based Dairy Market by Distribution Channel, 2019-2029
Chart Nigeria Plant-based Dairy Market by Distribution Channel, CAGR Historic and Forecast, 2019-2029
Chart Nigeria Plant-based Dairy Market by Distribution Channel, 2019-2029
Table Nigeria Plant-based Dairy Market Share (%), by Companies, 2019-2023
Chart Nigeria Plant-based Dairy Market, by Companies, 2023
Table Nigeria Plant-based Dairy Market Share (%), by Brands, 2019-2023
Chart Nigeria Plant-based Dairy Market, by Brands, 2023
Table Nigeria – Population (Millions) and Forecast
Table Nigeria – Consumer Price Index (CPI) and Forecast
Table Nigeria – Gross Domestic Product and Forecast
Table Nigeria Plant-based Dairy Market: Spend as a Proportion of GDP (%)
Table Nigeria Plant-based Dairy Market: Consumption per Capita (Population)
Companies Mentioned
Lam Soon Group
Green Spot Co., Ltd.
Danone S.A.
CWAY Group
Costco Wholesale Corp.
Blue Diamond Growers