The price per unit in the 'Dairy Products & Eggs' segment of the food market in Nigeria was forecast to continuously increase between 2024 and 2029 by in total 2.1 U.S. dollars (+45.06 percent). After the tenth consecutive increasing year, the price per unit is estimated to reach 6.72 U.S. dollars and therefore a new peak in 2029. Notably, the price per unit of the 'Dairy Products & Eggs' segment of the food market was continuously increasing over the past years.
Data provided by Statista Market Insights are estimates.
Definition:
The Dairy Products and Eggs market covers eggs and dairy products which play a major role in the daily diet of many consumers. The market includes milk substitutes, milk, products made from mammal’s milk or milk components, and eggs that are harvested from domesticated animals for human consumption, such as chickens, ducks, or quails.
Structure:
The market consists of 8 different submarkets:
The Milk market covers fresh milk that is defined as an animal product containing proteins, lactose, fats, and water.
The Milk substitutes market covers all types of plant-based milk, such as soya, almond, oat, rice, coconut, spelt, and other. “Other” includes hazelnut, soya/rice blend, buckwheat, cashew, pea, millet, lupine, hemp, quinoa, flax seed, grain, etc.
The Yogurt market covers products that are made when milk is fermented by bacteria.
The Cheese market covers solid products obtained by coagulating milk.
Yogurt substitutes cover non-dairy alternatives to traditional yogurt
Cheese substitutes cover non-dairy alternatives to traditional cheese
The Eggs market covers chicken eggs.
The Other Dairy Products & Eggs market covers other products made from milk or milk components and other types of edible eggs.
Additional Information:
The market comprises revenue and average revenue per capita, volume and average volume per capita, price per unit (unit refers to kilogram), and sales channels. The market encompasses retail sales through both online and offline sales channels to private end customers (B2C). The market only covers at-home consumption, out-of-home consumption is not included.
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Statista Market Insights. (September 27, 2024). Average price per unit (PPU) in the dairy products & eggs segment of the food market Nigeria from 2019 to 2029 [Graph]. In Statista. Retrieved November 25, 2024, from https://www.statista.com/forecasts/1437897/average-price-per-unit-ppu-dairy-products-eggs-food-market-nigeria
Statista Market Insights. "Average price per unit (PPU) in the dairy products & eggs segment of the food market Nigeria from 2019 to 2029." Chart. September 27, 2024. Statista. Accessed November 25, 2024. https://www.statista.com/forecasts/1437897/average-price-per-unit-ppu-dairy-products-eggs-food-market-nigeria
Statista Market Insights. (2024). Average price per unit (PPU) in the dairy products & eggs segment of the food market Nigeria from 2019 to 2029. Statista. Statista Inc.. Accessed: November 25, 2024. https://www.statista.com/forecasts/1437897/average-price-per-unit-ppu-dairy-products-eggs-food-market-nigeria
Statista Market Insights. "Average Price per Unit (Ppu) in The Dairy Products & Eggs Segment of The Food Market Nigeria from 2019 to 2029." Statista, Statista Inc., 27 Sep 2024, https://www.statista.com/forecasts/1437897/average-price-per-unit-ppu-dairy-products-eggs-food-market-nigeria
Statista Market Insights, Average price per unit (PPU) in the dairy products & eggs segment of the food market Nigeria from 2019 to 2029 Statista, https://www.statista.com/forecasts/1437897/average-price-per-unit-ppu-dairy-products-eggs-food-market-nigeria (last visited November 25, 2024)
Average price per unit (PPU) in the dairy products & eggs segment of the food market Nigeria from 2019 to 2029 [Graph], Statista Market Insights, September 27, 2024. [Online]. Available: https://www.statista.com/forecasts/1437897/average-price-per-unit-ppu-dairy-products-eggs-food-market-nigeria