The price per unit in the 'Milk' segment of the food market in Nigeria was forecast to continuously increase between 2024 and 2029 by in total 0.8 U.S. dollars (+33.61 percent). After the tenth consecutive increasing year, the price per unit is estimated to reach 3.21 U.S. dollars and therefore a new peak in 2029. Notably, the price per unit of the 'Milk' segment of the food market was continuously increasing over the past years.
Data provided by Statista Market Insights are estimates.
Definition:
Milk is defined as a protein- and fat-rich opaque white or creamy-colored fluid. This combination of nutrients can also be milked from other animals such as sheep and goats, but from an economic perspective, cow's milk remains the world's most important dairy product.
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 milk segment of the food market Nigeria from 2019 to 2029 [Graph]. In Statista. Retrieved November 23, 2024, from https://www.statista.com/forecasts/1438171/average-price-per-unit-ppu-milk-dairy-products-eggs-market-nigeria
Statista Market Insights. "Average price per unit (PPU) in the milk segment of the food market Nigeria from 2019 to 2029." Chart. September 27, 2024. Statista. Accessed November 23, 2024. https://www.statista.com/forecasts/1438171/average-price-per-unit-ppu-milk-dairy-products-eggs-market-nigeria
Statista Market Insights. (2024). Average price per unit (PPU) in the milk segment of the food market Nigeria from 2019 to 2029. Statista. Statista Inc.. Accessed: November 23, 2024. https://www.statista.com/forecasts/1438171/average-price-per-unit-ppu-milk-dairy-products-eggs-market-nigeria
Statista Market Insights. "Average Price per Unit (Ppu) in The Milk Segment of The Food Market Nigeria from 2019 to 2029." Statista, Statista Inc., 27 Sep 2024, https://www.statista.com/forecasts/1438171/average-price-per-unit-ppu-milk-dairy-products-eggs-market-nigeria
Statista Market Insights, Average price per unit (PPU) in the milk segment of the food market Nigeria from 2019 to 2029 Statista, https://www.statista.com/forecasts/1438171/average-price-per-unit-ppu-milk-dairy-products-eggs-market-nigeria (last visited November 23, 2024)
Average price per unit (PPU) in the milk segment of the food market Nigeria from 2019 to 2029 [Graph], Statista Market Insights, September 27, 2024. [Online]. Available: https://www.statista.com/forecasts/1438171/average-price-per-unit-ppu-milk-dairy-products-eggs-market-nigeria