Dairy Products and Alternatives in Nigeria
Dairy products and alternatives experience an overall decline in volume terms in 2023 as challenging economic conditions limit consumer spending power. In particular, high inflation driven by depreciation of the local currency, increasing fuel costs, and a demonetisation policy of the government mean that consumers have to focus spending on the most essential products. Dairy products and alternatives remain fairly inessential for many consumers (historically Nigeria has a low per capita consumpt...
Euromonitor International's Dairy Products and Alternatives in Nigeria report offers in-depth knowledge of the market at a national level, providing local insight and understanding unavailable elsewhere. In addition to the latest retail sales data 2018-2022, it identifies the leading companies, brands and retail outlets, and assesses the key trends and demographic shifts behind consumer demand and sales growth. How key trends such as health and wellness, sustainability and recovery from the pandemic are shaping the market in <|Year|> directly informs our forecasts to 2027, clearly indicating how the market is expected to change.
Product coverage: Baby Food, Dairy, Plant-based Dairy.
Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.
Why buy this report?
Euromonitor International's Dairy Products and Alternatives in Nigeria report offers in-depth knowledge of the market at a national level, providing local insight and understanding unavailable elsewhere. In addition to the latest retail sales data 2018-2022, it identifies the leading companies, brands and retail outlets, and assesses the key trends and demographic shifts behind consumer demand and sales growth. How key trends such as health and wellness, sustainability and recovery from the pandemic are shaping the market in <|Year|> directly informs our forecasts to 2027, clearly indicating how the market is expected to change.
Product coverage: Baby Food, Dairy, Plant-based Dairy.
Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.
Why buy this report?
- Get a detailed picture of the Dairy Products and Alternatives market;
- Pinpoint growth sectors and identify factors driving change;
- Understand the competitive environment, the market’s major players and leading brands;
- Use five-year forecasts to assess how the market is predicted to develop.
Dairy Products and Alternatives in Nigeria
Euromonitor International
September 2023
LIST OF CONTENTS AND TABLES
DAIRY PRODUCTS AND ALTERNATIVES IN NIGERIA
EXECUTIVE SUMMARY
Dairy products and alternatives in 2023: The big picture
Key trends in 2023
Competitive Landscape
Channel developments
What next for dairy products and alternatives?
MARKET DATA
Table 1 Sales of Dairy Products and Alternatives by Category: Value 2018-2023
Table 2 Sales of Dairy Products and Alternatives by Category: % Value Growth 2018-2023
Table 3 NBO Company Shares of Dairy Products and Alternatives: % Value 2019-2023
Table 4 LBN Brand Shares of Dairy Products and Alternatives: % Value 2020-2023
Table 5 Distribution of Dairy Products and Alternatives by Format: % Value 2018-2023
Table 6 Forecast Sales of Dairy Products and Alternatives by Category: Value 2023-2028
Table 7 Forecast Sales of Dairy Products and Alternatives by Category: % Value Growth 2023-2028
DISCLAIMER
SOURCES
Summary 1 Research Sources
BABY FOOD IN NIGERIA
KEY DATA FINDINGS
2023 DEVELOPMENTS
Decline in baby food volume sales in 2023 amid inflationary conditions impacting consumer affordability
Consumer response to escalating unit prices
Local baby food manufacturers thrive amid challenges
PROSPECTS AND OPPORTUNITIES
Economic recovery anticipated to propel growth during the forecast period
Rising baby population to drive demand
Growing competition, particularly from local players, to catalyse product diversity and demand
CATEGORY DATA
Table 8 Sales of Baby Food by Category: Volume 2018-2023
Table 9 Sales of Baby Food by Category: Value 2018-2023
Table 10 Sales of Baby Food by Category: % Volume Growth 2018-2023
Table 11 Sales of Baby Food by Category: % Value Growth 2018-2023
Table 12 Sales of Growing-Up Milk Formula by Age: % Value 2018-2023
Table 13 NBO Company Shares of Baby Food: % Value 2019-2023
Table 14 LBN Brand Shares of Baby Food: % Value 2020-2023
Table 15 Distribution of Baby Food by Format: % Value 2018-2023
Table 16 Forecast Sales of Baby Food by Category: Volume 2023-2028
Table 17 Forecast Sales of Baby Food by Category: Value 2023-2028
Table 18 Forecast Sales of Baby Food by Category: % Volume Growth 2023-2028
Table 19 Forecast Sales of Baby Food by Category: % Value Growth 2023-2028
BUTTER AND SPREADS IN NIGERIA
KEY DATA FINDINGS
2023 DEVELOPMENTS
Improved performance in butter and spreads despite weak demand amid inflation
Margarine and spreads flourish in 2023 due to cooking trends
Butter remains niche and struggles due to currency depreciation
PROSPECTS AND OPPORTUNITIES
Anticipating good growth amid improved economic conditions
Margarine and spreads to spearhead strong growth through population and cooking trends
Butter demand to reap benefits from exchange rate stability
CATEGORY DATA
Table 20 Sales of Butter and Spreads by Category: Volume 2018-2023
Table 21 Sales of Butter and Spreads by Category: Value 2018-2023
Table 22 Sales of Butter and Spreads by Category: % Volume Growth 2018-2023
Table 23 Sales of Butter and Spreads by Category: % Value Growth 2018-2023
Table 24 NBO Company Shares of Butter and Spreads: % Value 2019-2023
Table 25 LBN Brand Shares of Butter and Spreads: % Value 2020-2023
Table 26 Distribution of Butter and Spreads by Format: % Value 2018-2023
Table 27 Forecast Sales of Butter and Spreads by Category: Volume 2023-2028
Table 28 Forecast Sales of Butter and Spreads by Category: Value 2023-2028
Table 29 Forecast Sales of Butter and Spreads by Category: % Volume Growth 2023-2028
Table 30 Forecast Sales of Butter and Spreads by Category: % Value Growth 2023-2028
CHEESE IN NIGERIA
KEY DATA FINDINGS
2023 DEVELOPMENTS
Volume decline in cheese amidst challenging economic conditions
Depreciation of the local currency amplifies unit prices
Brand availability dampened in 2023 as importers struggle with rising costs
PROSPECTS AND OPPORTUNITIES
Anticipating good growth as economy improves
Novelty factor expected to drive demand
Spreadable cheese poised to lead dynamic growth
CATEGORY DATA
Table 31 Sales of Cheese by Category: Volume 2018-2023
Table 32 Sales of Cheese by Category: Value 2018-2023
Table 33 Sales of Cheese by Category: % Volume Growth 2018-2023
Table 34 Sales of Cheese by Category: % Value Growth 2018-2023
Table 35 Sales of Spreadable Processed Cheese by Type: % Value 2018-2023
Table 36 NBO Company Shares of Cheese: % Value 2019-2023
Table 37 LBN Brand Shares of Cheese: % Value 2020-2023
Table 38 Distribution of Cheese by Format: % Value 2018-2023
Table 39 Forecast Sales of Cheese by Category: Volume 2023-2028
Table 40 Forecast Sales of Cheese by Category: Value 2023-2028
Table 41 Forecast Sales of Cheese by Category: % Volume Growth 2023-2028
Table 42 Forecast Sales of Cheese by Category: % Value Growth 2023-2028
DRINKING MILK PRODUCTS IN NIGERIA
KEY DATA FINDINGS
2023 DEVELOPMENTS
Inflationary conditions lead to volume decline for drinking milk products as consumer spending power remains weak
Powder milk volume decline drives overall decrease in drinking milk products
Flavoured milk drinks and shelf stable milk struggle in 2023 due to poor economic conditions
PROSPECTS AND OPPORTUNITIES
Economic recovery and population growth drive forecast period growth
Powder milk's resilience amidst economic improvements
Flavoured milk drinks and shelf-stable milk: Beneficiaries of young population growth
CATEGORY DATA
Table 43 Sales of Drinking Milk Products by Category: Volume 2018-2023
Table 44 Sales of Drinking Milk Products by Category: Value 2018-2023
Table 45 Sales of Drinking Milk Products by Category: % Volume Growth 2018-2023
Table 46 Sales of Drinking Milk Products by Category: % Value Growth 2018-2023
Table 47 NBO Company Shares of Drinking Milk Products: % Value 2019-2023
Table 48 LBN Brand Shares of Drinking Milk Products: % Value 2020-2023
Table 49 Distribution of Drinking Milk Products by Format: % Value 2018-2023
Table 50 Forecast Sales of Drinking Milk Products Products by Category: Volume 2023-2028
Table 51 Forecast Sales of Drinking Milk Products Products by Category: Value 2023-2028
Table 52 Forecast Sales of Drinking Milk Products Products by Category: % Volume Growth 2023-2028
Table 53 Forecast Sales of Drinking Milk Products Products by Category: % Value Growth 2023-2028
YOGHURT AND SOUR MILK PRODUCTS IN NIGERIA
KEY DATA FINDINGS
2023 DEVELOPMENTS
Yoghurt witnesses positive volume growth in 2023
Drinking yoghurt: Pivotal in fulfilling perceived dairy needs
Spoonable varieties of yoghurt struggle due to currency depreciation's negative impact on imports
PROSPECTS AND OPPORTUNITIES
Population growth fuels demand for yoghurt and sour milk products
Drinking yoghurt's set to maintain momentum as an on-the-go nutritious choice
Growing competition and innovation propel consumer interest
CATEGORY DATA
Table 54 Sales of Yoghurt and Sour Milk Products by Category: Volume 2018-2023
Table 55 Sales of Yoghurt and Sour Milk Products by Category: Value 2018-2023
Table 56 Sales of Yoghurt and Sour Milk Products by Category: % Volume Growth 2018-2023
Table 57 Sales of Yoghurt and Sour Milk Products by Category: % Value Growth 2018-2023
Table 58 NBO Company Shares of Yoghurt and Sour Milk Products: % Value 2019-2023
Table 59 LBN Brand Shares of Yoghurt and Sour Milk Products: % Value 2020-2023
Table 60 Distribution of Yoghurt and Sour Milk Products by Format: % Value 2018-2023
Table 61 Forecast Sales of Yoghurt and Sour Milk Products by Category: Volume 2023-2028
Table 62 Forecast Sales of Yoghurt and Sour Milk Products by Category: Value 2023-2028
Table 63 Forecast Sales of Yoghurt and Sour Milk Products by Category: % Volume Growth 2023-2028
Table 64 Forecast Sales of Yoghurt and Sour Milk Products by Category: % Value Growth 2023-2028
OTHER DAIRY IN NIGERIA
KEY DATA FINDINGS
2023 DEVELOPMENTS
Slight volume increase in other dairy in 2023, recovering from the decline 2022
Decline in condensed and evaporated milk attributed to inflationary conditions
Coffee whiteners thrive as economical dairy alternatives
PROSPECTS AND OPPORTUNITIES
Economic recovery and price stability to propel forecast period growth
Price stability and fierce competition fuel demand surge
Continued strong growth for coffee whiteners driven by low-income consumers
CATEGORY DATA
Table 65 Sales of Other Dairy by Category: Volume 2018-2023
Table 66 Sales of Other Dairy by Category: Value 2018-2023
Table 67 Sales of Other Dairy by Category: % Volume Growth 2018-2023
Table 68 Sales of Other Dairy by Category: % Value Growth 2018-2023
Table 69 Sales of Cream by Type: % Value 2018-2023
Table 70 NBO Company Shares of Other Dairy: % Value 2019-2023
Table 71 LBN Brand Shares of Other Dairy: % Value 2020-2023
Table 72 Distribution of Other Dairy by Format: % Value 2018-2023
Table 73 Forecast Sales of Other Dairy by Category: Volume 2023-2028
Table 74 Forecast Sales of Other Dairy by Category: Value 2023-2028
Table 75 Forecast Sales of Other Dairy by Category: % Volume Growth 2023-2028
Table 76 Forecast Sales of Other Dairy by Category: % Value Growth 2023-2028
PLANT-BASED DAIRY IN NIGERIA
KEY DATA FINDINGS
2023 DEVELOPMENTS
Plant-based dairy faces volume decline amid inflationary conditions
Soy drinks affected by shift towards more essential dairy products
Performance of other plant-based dairy hindered by niche status and import dependency
PROSPECTS AND OPPORTUNITIES
Economic recovery to propel growth in plant-based dairy
Soy drinks to spearhead growth across plant-based dairy due to novelty and nutritional appeal
Other plant-based dairy poised for growth, fuelled by rising dairy prices and nutritional demand
CATEGORY DATA
Table 77 Sales of Plant-Based Dairy by Category: Value 2018-2023
Table 78 Sales of Plant-Based Dairy by Category: % Value Growth 2018-2023
Table 79 NBO Company Shares of Plant-Based Dairy: % Value 2019-2023
Table 80 LBN Brand Shares of Plant-Based Dairy: % Value 2020-2023
Table 81 Distribution of Plant-Based Dairy by Format: % Value 2018-2023
Table 82 Forecast Sales of Plant-Based Dairy by Category: Value 2023-2028
Table 83 Forecast Sales of Plant-Based Dairy by Category: % Value Growth 2023-2028
Euromonitor International
September 2023
LIST OF CONTENTS AND TABLES
DAIRY PRODUCTS AND ALTERNATIVES IN NIGERIA
EXECUTIVE SUMMARY
Dairy products and alternatives in 2023: The big picture
Key trends in 2023
Competitive Landscape
Channel developments
What next for dairy products and alternatives?
MARKET DATA
Table 1 Sales of Dairy Products and Alternatives by Category: Value 2018-2023
Table 2 Sales of Dairy Products and Alternatives by Category: % Value Growth 2018-2023
Table 3 NBO Company Shares of Dairy Products and Alternatives: % Value 2019-2023
Table 4 LBN Brand Shares of Dairy Products and Alternatives: % Value 2020-2023
Table 5 Distribution of Dairy Products and Alternatives by Format: % Value 2018-2023
Table 6 Forecast Sales of Dairy Products and Alternatives by Category: Value 2023-2028
Table 7 Forecast Sales of Dairy Products and Alternatives by Category: % Value Growth 2023-2028
DISCLAIMER
SOURCES
Summary 1 Research Sources
BABY FOOD IN NIGERIA
KEY DATA FINDINGS
2023 DEVELOPMENTS
Decline in baby food volume sales in 2023 amid inflationary conditions impacting consumer affordability
Consumer response to escalating unit prices
Local baby food manufacturers thrive amid challenges
PROSPECTS AND OPPORTUNITIES
Economic recovery anticipated to propel growth during the forecast period
Rising baby population to drive demand
Growing competition, particularly from local players, to catalyse product diversity and demand
CATEGORY DATA
Table 8 Sales of Baby Food by Category: Volume 2018-2023
Table 9 Sales of Baby Food by Category: Value 2018-2023
Table 10 Sales of Baby Food by Category: % Volume Growth 2018-2023
Table 11 Sales of Baby Food by Category: % Value Growth 2018-2023
Table 12 Sales of Growing-Up Milk Formula by Age: % Value 2018-2023
Table 13 NBO Company Shares of Baby Food: % Value 2019-2023
Table 14 LBN Brand Shares of Baby Food: % Value 2020-2023
Table 15 Distribution of Baby Food by Format: % Value 2018-2023
Table 16 Forecast Sales of Baby Food by Category: Volume 2023-2028
Table 17 Forecast Sales of Baby Food by Category: Value 2023-2028
Table 18 Forecast Sales of Baby Food by Category: % Volume Growth 2023-2028
Table 19 Forecast Sales of Baby Food by Category: % Value Growth 2023-2028
BUTTER AND SPREADS IN NIGERIA
KEY DATA FINDINGS
2023 DEVELOPMENTS
Improved performance in butter and spreads despite weak demand amid inflation
Margarine and spreads flourish in 2023 due to cooking trends
Butter remains niche and struggles due to currency depreciation
PROSPECTS AND OPPORTUNITIES
Anticipating good growth amid improved economic conditions
Margarine and spreads to spearhead strong growth through population and cooking trends
Butter demand to reap benefits from exchange rate stability
CATEGORY DATA
Table 20 Sales of Butter and Spreads by Category: Volume 2018-2023
Table 21 Sales of Butter and Spreads by Category: Value 2018-2023
Table 22 Sales of Butter and Spreads by Category: % Volume Growth 2018-2023
Table 23 Sales of Butter and Spreads by Category: % Value Growth 2018-2023
Table 24 NBO Company Shares of Butter and Spreads: % Value 2019-2023
Table 25 LBN Brand Shares of Butter and Spreads: % Value 2020-2023
Table 26 Distribution of Butter and Spreads by Format: % Value 2018-2023
Table 27 Forecast Sales of Butter and Spreads by Category: Volume 2023-2028
Table 28 Forecast Sales of Butter and Spreads by Category: Value 2023-2028
Table 29 Forecast Sales of Butter and Spreads by Category: % Volume Growth 2023-2028
Table 30 Forecast Sales of Butter and Spreads by Category: % Value Growth 2023-2028
CHEESE IN NIGERIA
KEY DATA FINDINGS
2023 DEVELOPMENTS
Volume decline in cheese amidst challenging economic conditions
Depreciation of the local currency amplifies unit prices
Brand availability dampened in 2023 as importers struggle with rising costs
PROSPECTS AND OPPORTUNITIES
Anticipating good growth as economy improves
Novelty factor expected to drive demand
Spreadable cheese poised to lead dynamic growth
CATEGORY DATA
Table 31 Sales of Cheese by Category: Volume 2018-2023
Table 32 Sales of Cheese by Category: Value 2018-2023
Table 33 Sales of Cheese by Category: % Volume Growth 2018-2023
Table 34 Sales of Cheese by Category: % Value Growth 2018-2023
Table 35 Sales of Spreadable Processed Cheese by Type: % Value 2018-2023
Table 36 NBO Company Shares of Cheese: % Value 2019-2023
Table 37 LBN Brand Shares of Cheese: % Value 2020-2023
Table 38 Distribution of Cheese by Format: % Value 2018-2023
Table 39 Forecast Sales of Cheese by Category: Volume 2023-2028
Table 40 Forecast Sales of Cheese by Category: Value 2023-2028
Table 41 Forecast Sales of Cheese by Category: % Volume Growth 2023-2028
Table 42 Forecast Sales of Cheese by Category: % Value Growth 2023-2028
DRINKING MILK PRODUCTS IN NIGERIA
KEY DATA FINDINGS
2023 DEVELOPMENTS
Inflationary conditions lead to volume decline for drinking milk products as consumer spending power remains weak
Powder milk volume decline drives overall decrease in drinking milk products
Flavoured milk drinks and shelf stable milk struggle in 2023 due to poor economic conditions
PROSPECTS AND OPPORTUNITIES
Economic recovery and population growth drive forecast period growth
Powder milk's resilience amidst economic improvements
Flavoured milk drinks and shelf-stable milk: Beneficiaries of young population growth
CATEGORY DATA
Table 43 Sales of Drinking Milk Products by Category: Volume 2018-2023
Table 44 Sales of Drinking Milk Products by Category: Value 2018-2023
Table 45 Sales of Drinking Milk Products by Category: % Volume Growth 2018-2023
Table 46 Sales of Drinking Milk Products by Category: % Value Growth 2018-2023
Table 47 NBO Company Shares of Drinking Milk Products: % Value 2019-2023
Table 48 LBN Brand Shares of Drinking Milk Products: % Value 2020-2023
Table 49 Distribution of Drinking Milk Products by Format: % Value 2018-2023
Table 50 Forecast Sales of Drinking Milk Products Products by Category: Volume 2023-2028
Table 51 Forecast Sales of Drinking Milk Products Products by Category: Value 2023-2028
Table 52 Forecast Sales of Drinking Milk Products Products by Category: % Volume Growth 2023-2028
Table 53 Forecast Sales of Drinking Milk Products Products by Category: % Value Growth 2023-2028
YOGHURT AND SOUR MILK PRODUCTS IN NIGERIA
KEY DATA FINDINGS
2023 DEVELOPMENTS
Yoghurt witnesses positive volume growth in 2023
Drinking yoghurt: Pivotal in fulfilling perceived dairy needs
Spoonable varieties of yoghurt struggle due to currency depreciation's negative impact on imports
PROSPECTS AND OPPORTUNITIES
Population growth fuels demand for yoghurt and sour milk products
Drinking yoghurt's set to maintain momentum as an on-the-go nutritious choice
Growing competition and innovation propel consumer interest
CATEGORY DATA
Table 54 Sales of Yoghurt and Sour Milk Products by Category: Volume 2018-2023
Table 55 Sales of Yoghurt and Sour Milk Products by Category: Value 2018-2023
Table 56 Sales of Yoghurt and Sour Milk Products by Category: % Volume Growth 2018-2023
Table 57 Sales of Yoghurt and Sour Milk Products by Category: % Value Growth 2018-2023
Table 58 NBO Company Shares of Yoghurt and Sour Milk Products: % Value 2019-2023
Table 59 LBN Brand Shares of Yoghurt and Sour Milk Products: % Value 2020-2023
Table 60 Distribution of Yoghurt and Sour Milk Products by Format: % Value 2018-2023
Table 61 Forecast Sales of Yoghurt and Sour Milk Products by Category: Volume 2023-2028
Table 62 Forecast Sales of Yoghurt and Sour Milk Products by Category: Value 2023-2028
Table 63 Forecast Sales of Yoghurt and Sour Milk Products by Category: % Volume Growth 2023-2028
Table 64 Forecast Sales of Yoghurt and Sour Milk Products by Category: % Value Growth 2023-2028
OTHER DAIRY IN NIGERIA
KEY DATA FINDINGS
2023 DEVELOPMENTS
Slight volume increase in other dairy in 2023, recovering from the decline 2022
Decline in condensed and evaporated milk attributed to inflationary conditions
Coffee whiteners thrive as economical dairy alternatives
PROSPECTS AND OPPORTUNITIES
Economic recovery and price stability to propel forecast period growth
Price stability and fierce competition fuel demand surge
Continued strong growth for coffee whiteners driven by low-income consumers
CATEGORY DATA
Table 65 Sales of Other Dairy by Category: Volume 2018-2023
Table 66 Sales of Other Dairy by Category: Value 2018-2023
Table 67 Sales of Other Dairy by Category: % Volume Growth 2018-2023
Table 68 Sales of Other Dairy by Category: % Value Growth 2018-2023
Table 69 Sales of Cream by Type: % Value 2018-2023
Table 70 NBO Company Shares of Other Dairy: % Value 2019-2023
Table 71 LBN Brand Shares of Other Dairy: % Value 2020-2023
Table 72 Distribution of Other Dairy by Format: % Value 2018-2023
Table 73 Forecast Sales of Other Dairy by Category: Volume 2023-2028
Table 74 Forecast Sales of Other Dairy by Category: Value 2023-2028
Table 75 Forecast Sales of Other Dairy by Category: % Volume Growth 2023-2028
Table 76 Forecast Sales of Other Dairy by Category: % Value Growth 2023-2028
PLANT-BASED DAIRY IN NIGERIA
KEY DATA FINDINGS
2023 DEVELOPMENTS
Plant-based dairy faces volume decline amid inflationary conditions
Soy drinks affected by shift towards more essential dairy products
Performance of other plant-based dairy hindered by niche status and import dependency
PROSPECTS AND OPPORTUNITIES
Economic recovery to propel growth in plant-based dairy
Soy drinks to spearhead growth across plant-based dairy due to novelty and nutritional appeal
Other plant-based dairy poised for growth, fuelled by rising dairy prices and nutritional demand
CATEGORY DATA
Table 77 Sales of Plant-Based Dairy by Category: Value 2018-2023
Table 78 Sales of Plant-Based Dairy by Category: % Value Growth 2018-2023
Table 79 NBO Company Shares of Plant-Based Dairy: % Value 2019-2023
Table 80 LBN Brand Shares of Plant-Based Dairy: % Value 2020-2023
Table 81 Distribution of Plant-Based Dairy by Format: % Value 2018-2023
Table 82 Forecast Sales of Plant-Based Dairy by Category: Value 2023-2028
Table 83 Forecast Sales of Plant-Based Dairy by Category: % Value Growth 2023-2028
