Nigeria Dairy Products Market Outlook to 2020 – Launch of Innovative Dairy Products in Nigeria to Boost Dairy Products Market REQUEST FOR SAMPLE REPORT Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit Nigeria Dairy Products Market Outlook to 2020 – Launch of Innovative Dairy Products in Nigeria to Boost Dairy Products Market” provides a comprehensive analysis of the dairy product market in Nigeria. The report includes the market share contributed by the sales of different dairy products including processed milk, yoghurt, cheese, ice cream, butter, flavored milk and milk powder. The study also enlists the key market indicators which include consumption per capita, total consumption and production, average per unit and price, and import and export data by value and by quantity. Trends and developments and regulatory framework are also added in the study for clear understanding about the factors responsible for present scenario of the market. The future analysis of overall Nigeria dairy product market has also been discussed along with recommendations from analyst view. The dairy product manufacturers in Nigeria receive milk supply largely from northern Nigeria. Favorable weather condition in the region has resulted in high presence of milk producing cows which is the major factor contributing towards high milk production in Northern Nigeria. Consequently, good quality feed and hygiene cattle management practices have also emerged in the northern region, which helps to build stronger local milk supply to the dairy product manufacturers in region. Nigeria’s dairy product manufacturers usually produce ice cream, chocolate milk, yoghurt, and long life milk locally. On the other hand, dairy products such as infant formula, cheese, butter, and ice cream are imported from the other nations to meet the rising demand during the period 2013 – 2015. Import by well established global giants is the major factor which is driving dairy products market in Nigeria. Nigeria dairy product market contributed ~% in 2013 in Africa dairy product market which increased to ~% in 2015. However, in terms of revenue the market has witnessed decline from NGN ~ billion in 2013 to NGN ~ billion in 2015 showing a negative CAGR of ~% during the period. Falling exchange rate of NGN/USD during the period further impacted the market in a negative manner in terms of USD with recorded CAGR of negative ~%, market size being valued at USD ~ billion in 2013 and USD ~ billion in 2015. Milk powder is the ~ revenue generating segment of dairy industry in Nigeria with revenue share of ~% in 2013, ~% in 2014 and ~% in 2015. However, the percentage contribution by this segment has declined during the period owing to reduction in import volume after the rise in the import duties during the period. This scenario deviated the attention of many milk powder manufacturers towards production of its major substitute products such as UHT milk, long life milk, and skimmed milk. Yoghurt is estimated as the ~ growing segment in the market with CAGR of ~% in its local currency in between 2013 and 2015 resulting which yoghurt market had grown to a high value of NGN ~ billion in 2015. Yoghurt consumption is traditionally ~ in Nigeria due to which its manufacturers in nation were ~ to continuously work on its taste, and quality. This made its manufacturers capable to offer variety of yoghurt products such as soft drinkable yoghurt and spoon able yoghurt as a trendy refreshment dairy product in the nation for each and every individual as per the choice, leading to high demand for yoghurt. Nigeria is having presence of both global giants like Clover, and Danone and local players such as CHI Ltd, which makes market highly fragmented in nature. The dominating segment milk powder is dominated by Friesland Campine Wamco with the market share of ~% owing to its affordable and convenience to use small proportion sachets packing of milk powder. In yoghurt market, Fan milk with revenue share of ~% in 2015 is observed to dominate the market followed by CHI Ltd. Fan milk is also observed to dominate the ice cream market with revenue contribution of USD ~ million. However, in processed milk and flavored milk segment, local players Peak Milk, and Bobo Food and Beverages are observed to dominate the market in 2015 respectively. Key Topics Covered in the Report: The market size of Nigeria Dairy Product Market Market segmentation of Nigeria Dairy Product Market on the basis of Products Trends and Developments in Nigeria Dairy Product Market Regulatory Framework of Nigeria Dairy Product Market Competitive Landscape and Detailed Company Profiles of the Major Market Players Future Outlook and Projections of Nigeria Dairy Product Market Analyst Recommendations Macro-Economic Factors Impacting the Nigeria Dairy Product Market Source:https://www.kenresearch.com/food-beverage-and-tobacco/dairy-products/nigeria-dairy-market-report/60305-11.html Contact: Ken Research Ankur Gupta, Head Marketing & Communications Ankur@kenresearch.com +91-9015378249 Tags: Butter Consumption Nigeria, Competition in Ice Cream Industry Nigeria, Dairy Demand in Nigeria, Export Milk Power Nigeria, Export Volumes Dairy Products Nigeria, Flavoured Milk Demand Nigeria, Future Outlook Dairy Nigeria, Ice Cream Production Facility in Nigeria, Industry Size Dairy Products Nigeria, Milk Consumption in Nigeria, Milk Powder Consumption Nigeria, Milk Powder Sales in Nigeria, Milk Prices Nigeria, Nigeria Dairy Industry Size, Nigeria Dairy Market, Nigeria Dairy Market Players, Nigeria Milk Powder Companies Market Share, Production Milk Powder in Nigeria, Soft drinkable Yoghurt Market Nigeria, Spoon Able Yoghurt Industry Nigeria, Trends Development Nigeria Milk Market, UHT Milk Market Nigeria, Yoghurt Consumption Nigeria, Yoghurt Demand Nigeria, Yoghurt Sales Nigeria
