Africa Dairy Products Market Outlook to 2020 - Inclining Demand for Yoghurt and Ice Cream across Africa to Boost Dairy Product Market
LONDON, April 6, 2017 /PRNewswire/ -- Executive Summary
Ken Research announced its latest publication titled "Africa Dairy Product Market Outlook to 2020 – Inclining Demand for Yoghurt and Ice Cream across Africa to Boost Dairy Product Market" which provides a comprehensive analysis of the dairy product market in Africa.
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The report includes the market share contributed by the sales of different dairy products including processed milk, yoghurt, cheese, ice cream, butter, flavored milk and milk powder.
Further, the market in the study is also differentiated by countries including Nigeria, Algeria, Kenya, Sudan, South Africa, Tanzania, Uganda, Ethiopia, and other African nations. The study also includes the snapshot on key market in Africa dairy product industry in detail. Issues and challenges, trends and developments and Porter's five forces analysis are also added in the study for understanding about the factors responsible for present scenario of the market. The future analysis of overall Africa dairy product market has also been discussed along with recommendations from analyst view.
Africa has a high growth and profit earning opportunities for various dairy products manufacturers & retailers in the continent. However, most of the countries in Africa are still tagged as developing or under developed nations in world with the presence of volatility in the economies and fluctuating currency exchange rates.
In dairy industry, the continent is observed to grow at a steady pace in terms of local currency. The overall milk production capacity in Africa has been recorded to increase from ~ million tonnes in 2010 to ~ million tonnes in 2015 with increasing use of high yield milk producing hybrid cows and inclining number of dairy farms across various nations in Africa.
This rise in the milk production capacity at various dairy farms has increased the profit shares of various dairy product manufacturers in different nations of Africa but subsequently due to the declining exchange rate of regional currency/USD of different nations of Africa, the import of dairy products from foreign continents had become costlier for the dairy product dealers. Consequently, it has decreased the profit share of dairy manufacturers in the various nations of the continent; resulting which Africa dairy product market declined from in terms of revenue from USD ~ billion in 2013 to USD ~ billion in 2015. Unfavorable currency exchange rate also impacted the market in a negative manner.
By Product, processed milk dominated the market with the revenue share of ~% in 2015. Yoghurt followed processed milk in terms of revenue as the dairy product has gained high demand in the market as a substitute of desert owing to its low sugar content. Vanilla flavor and strawberry flavor are observed to be the most favored yoghurt flavors in Africa with revenue share of ~% and ~% respectively in 2015. Milk powder is other major product which forms an important part of the Africa dairy products market. The product is though slowly losing demand owing to availability of substitute in form of UHT milk and long life milk.
By countries, Sudan dominated the Africa dairy products market with revenue share of ~% in 2015. High demand for processed milk in the region owing to the tea and coffee consumption habits among people of the country is the major factor which has helped in gaining leading position in the market. Kenya and Algeria followed Sudan respectively with revenue share of ~% and ~% in 2015. Presence of high population in these countries has led to high demand for dairy products which has resulted in high revenue generation from these countries.
Dairy product market in various nations of Africa such as Kenya, South Africa, Uganda, Algeria and Tanzania is dominated by the organized players such as Danone, Clover, Parmalat, Nestle, Unilever and other recognized domestic dairy brands such as Paramount, Pearl Dairy, NKCC, and Raka Milk Processors.
In few nations of Africa such as Ethiopia, Somalia, Morocco, the market of dairy products is highly volatile due to current political instability and lack of government regulations in milk and dairy product market such as flavored milk, yoghurt, butter and cheese. Nestle being one of the highly recognized global brand have major market share in the milk powder market of various nations in Africa.
Similarly, Unilever with its major manufacturing hubs in 19 nations of Africa have dominance in the butter market in various nations across the continent. However, the domestic market players such as Clover SA Pty Ltd, Parmalat, Danone, NKCC, and Pearl Dairy are facing health competition and continuous threat to their market hold from various domestic small scale dairy products manufacturers. Hence the organized players are aggressively making acquisitions and mergers to increase their market share in the industry.
Key Topics Covered in the Report:
- The market size of Africa Dairy Product Market
- Market segmentation of Africa Dairy Product Market on the basis of Products and Countries
- Snapshot on Sudan Dairy Product Market
- Snapshot on South Africa Dairy Product Market
- Snapshot on Algeria Dairy Product Market
- Snapshot on Ethiopia Dairy Product Market
- Snapshot on Kenya Dairy Product Market
- Snapshot on Nigeria Dairy Product Market
- Snapshot on Tanzania Dairy Product Market
- Snapshot on Uganda Dairy Product Market
- Porter's Five Forces Analysis for Africa Dairy Product Market
- Trends and Developments in Africa Dairy Product Market
- Value Chain Analysis of Africa Dairy Product Market
- Competitive Landscape and Detailed Company Profiles of the Major Market Players
- Future Outlook and Projections of Africa Dairy Product Market
- Analyst Recommendations
- Macro-Economic Factors Impacting the Africa Dairy Product Market
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