Revenue in the meat segment of the food market Nigeria 2019-2029

The revenue in the 'Meat' segment of the food market in Nigeria was forecast to continuously increase between 2024 and 2029 by in total 31.1 billion U.S. dollars (+76.34 percent). After the tenth consecutive increasing year, the revenue is estimated to reach 71.84 billion U.S. dollars and therefore a new peak in 2029. Notably, the revenue of the 'Meat' segment of the food market was continuously increasing over the past years.

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Revenue in the meat segment of the food market Nigeria from 2019 to 2029 (in billion U.S. dollars)

Characteristic	In billion U.S. dollars
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Supplementary notes

Data provided by Statista Market Insights are estimates.

Definition:

The Meat market covers animal (both domestic and wild) and non-animal meat that are bought and consumed for nutrient-based purposes.

Structure:

The market consists of 3 different submarkets:

The Fresh Meat market covers meat from both domestic and wild animals that are fresh, chilled, or frozen. This market is divided into five submarkets: beef & veal, pork, mutton & goat, poultry, and other fresh meat.
The Processed Meat market covers all types of meat that has been dried, salted, brined, or smoked. This segment is divided into three subsegments: cold & roast meat products, ham & bacon, sausages.
The Meat Substitutes market covers meat-replacement food items created from vegetarian or vegan components.

Additional Information:

The market comprises revenue and average revenue per capita, volume and average volume per capita, price per unit (unit refers to kilogram), 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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