Nigeria Plant-Based Products Market to 2032
Overview
The Nigeria Plant-Based Products Market is expected to reach a 384.49 USD Million by 2032 and is projected to grow at a CAGR of 5.42% from 2025 to 2032.
Revenue, 2024 (USD Million)
265.64
Forecast, 2032 (USD Million)
384.49
CAGR, 2024 - 2032
5.42%
Report Coverage
Nigeria
Nigeria Plant-Based Products Market 2018-2032 USD Million
Nigeria Plant-Based Products Market, Key Findings (2025-2032)
Market Growth and Projections:
- Market Size (2024): 265.64 USD Million
- Projected Market Size (2032): 384.49 USD Million
- CAGR (2025-2032): 5.42%
Key Findings of Nigeria Plant-Based Products Market
- The Nigeria Plant-Based Products Market was valued at 265.64 USD Million in 2024.
- The Nigeria Plant-Based Products Market is likely to grow at a CAGR of 5.42% during the forecast period of 2024 to 2032.
- In 2024, the Largest segment Store-Based Retailing in Distribution Channel Segment accounted for the largest share of the market with a revenue of 184.63 USD Million
- The fastest growing segment Plant Based Yogurt in Product Type Segment grew Fastest with a CAGR of 6.15% during the forecast period from 2024 to 2032.
Nigeria Plant-Based Products Market Scope
Nigeria Plant-Based Products Market Segmentation & Scope
Distribution Channel
- Non-Store Retailing
- Store-Based Retailing
Source
- Others
- Cashew
- Oat
- Coconut
- Almond
- Soy
Product Type
- Others
- Plant Based Butter
- Plant Based Cheese
- Plant Based Ice Cream
- Plant Based Yogurt
- Plant Based Milk
Nigeria Plant-Based Products Market Data Coverage Insights
| Study Period | 2024-2032 |
| Base Year | 2023 |
| Unit | Revenue in USD Million |
| Market Value in 2024 | 265.64 USD Million |
| Market Value in 2032 | 384.49 USD Million |
| CAGR (2025-2032) | 5.42% |
| Historic Data | 2016-2023 |
| Market Segments Covered | Distribution Channel,Source,Product Type |
Regional Insights:
-
Leading Market (2024-2032): Nigeria, leading in terms of revenue 265.64 USD Million in 2024
- Key Country: Nigeria, leading in terms of revenue with value of 265.64 USD Million in 2024.
Segments and Scope
-
Nigeria Plant-Based Products Market to 2032, By Distribution Channel
- Store-Based Retailing is the largest segment in Nigeria Plant-Based Products Market to 2032 with a revenue of 184.63 USD Million in the year 2024.
- Store-Based Retailing is the Fastest growing segment in Nigeria Plant-Based Products Market to 2032 with a Growth rate of 5.57 % in forecast period 2025-2032.
-
Nigeria Plant-Based Products Market to 2032, By Source
- Soy is the largest segment in Nigeria Plant-Based Products Market to 2032 with a revenue of 96.70 USD Million in the year 2024.
- Almond is the Fastest growing segment in Nigeria Plant-Based Products Market to 2032 with a Growth rate of 5.58 % in forecast period 2025-2032.
-
Nigeria Plant-Based Products Market to 2032, By Product Type
- Plant Based Milk is the largest segment in Nigeria Plant-Based Products Market to 2032 with a revenue of 153.61 USD Million in the year 2024.
- Plant Based Yogurt is the Fastest growing segment in Nigeria Plant-Based Products Market to 2032 with a Growth rate of 5.22 % in forecast period 2025-2032.
Nigeria Plant-Based Products Market Company Share Analysis
Nigeria Plant-Based Products Market Geographical Sales Distribution, 2018-2032 USD Million
Nigeria Plant-Based Products Market Company Profiling
Industry Related Reports
Frequently Asked Questions
The Nigeria Plant-Based Products Market is segmented based on Segmentation Distribution Channel,Source,Product Type.
Nigeria Plant-Based Products Market was valued at USD 265.64(Revenue in USD Million) in 2023.
Nigeria Plant-Based Products Market is projected to grow at a CAGR of 5.42% during the forecast period of 2024 to 2032.
The Store-Based Retailing segment is expected to dominate the Nigeria Plant-Based Products Market, holding a largest market share of 184.63 USD Million in 2024
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Nigeria Plant-Based Products Market Scope
Nigeria Plant-Based Products Market Segmentation & Scope
Distribution Channel
- Non-Store Retailing
- Store-Based Retailing
Source
- Others
- Cashew
- Oat
- Coconut
- Almond
- Soy
Product Type
- Others
- Plant Based Butter
- Plant Based Cheese
- Plant Based Ice Cream
- Plant Based Yogurt
- Plant Based Milk
Frequently Asked Questions
The Nigeria Plant-Based Products Market is segmented based on Segmentation Distribution Channel,Source,Product Type.
Nigeria Plant-Based Products Market was valued at USD 265.64(Revenue in USD Million) in 2023.
Nigeria Plant-Based Products Market is projected to grow at a CAGR of 5.42% during the forecast period of 2024 to 2032.
The estimated market value of the Nigeria Plant-Based Products Market for final year is USD 384.49 (USD Million).
Nigeria Plant-Based Products Market Company Profiling
Frequently Asked Questions
The Nigeria Plant-Based Products Market is segmented based on Segmentation Distribution Channel,Source,Product Type.
Nigeria Plant-Based Products Market was valued at USD 265.64(Revenue in USD Million) in 2023.
Nigeria Plant-Based Products Market is projected to grow at a CAGR of 5.42% during the forecast period of 2024 to 2032.
The estimated market value of the Nigeria Plant-Based Products Market for final year is USD 384.49 (USD Million).
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