Milk Substitutes - Niger

Niger

Highlights

Revenue in the Milk Substitutes market amounts to US$2.01m in 2024. The market is expected to grow annually by 5.62% (CAGR 2024-2029).
In global comparison, most revenue is generated China (US$10bn in 2024).
In relation to total population figures, per person revenues of US$0.07 are generated in 2024.
In the Milk Substitutes market, volume is expected to amount to 895.20k kg by 2029. The Milk Substitutes market is expected to show a volume growth of 6.6% in 2025.0.
The average volume per person in the Milk Substitutes market is expected to amount to 0.0kg in 2024.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureMethodology

The Milk Substitutes Market in Niger is experiencing average growth, driven by factors such as increasing health consciousness and the convenience of online services. This trend is expected to continue as the demand for dairy alternatives rises in The Food market.

Customer preferences: With a growing global trend towards plant-based diets, the Milk Substitutes Market within the Dairy Products & Eggs Market is experiencing a surge in demand for alternative milk options such as almond, soy, and oat milk. This shift is driven by increasing health and environmental concerns, as well as a rise in lactose intolerance and dairy allergies. Furthermore, the rise of veganism and flexitarianism has also contributed to the growth of the Milk Substitutes Market.

Trends in the market: In Niger, the Milk Substitutes Market within the Dairy Products & Eggs Market is experiencing an increase in demand for plant-based milk alternatives such as soy, almond, and coconut milk. This trend is driven by the growing health consciousness among consumers, as well as the rise of vegan and vegetarian diets. This trajectory is significant as it presents opportunities for industry stakeholders to expand their product offerings and cater to a wider consumer base. However, it also poses challenges for traditional dairy producers who may face competition from these substitutes. Additionally, the use of milk substitutes has implications for sustainability and environmental concerns, as plant-based milk production has a lower carbon footprint compared to traditional dairy farming.

Local special circumstances: In Niger, the Milk Substitutes Market of the Dairy Products & Eggs Market within The Food market is heavily influenced by the country's predominantly pastoral economy. This has led to a high demand for milk substitutes, such as plant-based products, due to the limited availability and high cost of traditional dairy products. Additionally, the country's largely Muslim population has also contributed to the growth of the halal milk substitute market. Furthermore, the government's focus on promoting local production and reducing reliance on imports has led to the emergence of small-scale domestic milk substitute producers.

Underlying macroeconomic factors: The Milk Substitutes Market in Niger is greatly influenced by macroeconomic factors such as global economic trends, national economic health, fiscal policies, and other relevant financial indicators. Countries with stable economic conditions and favorable fiscal policies are experiencing faster growth in the Dairy Products & Eggs Market compared to regions with economic instability and limited government support. Additionally, the growing population and changing dietary preferences in Niger are driving the demand for milk substitutes, providing opportunities for market growth. Moreover, increasing investments in the food industry and rising disposable income are also contributing to the expansion of the Milk Substitutes Market in Niger.

Data coverage:

The data encompasses B2C enterprises. Figures are based on the total consumer spending on food, which comprises all private household spending on food that is meant for at-home consumption (out-of-home consumption is not accounted for).

Modeling approach:

Market sizes are determined through a top-down approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use resources from the Statista platform as well as in-house market research, national statistical offices, international institutions, trade associations, companies, the trade press, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending, and consumer price index. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the exponential trend smoothing is well suited for forecasting the Food market with a projected steady growth. The main drivers are GDP per capita and consumer spending per capita.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year.