NIGERIA MEAT MARKET

INTRODUCTION

 In Nigeria, meat has a large and varied impact on the nation's culture, economics, and way of life. Beef, goat, and fowl are common ingredients in many Nigerian meals because of the country's long history of meat consumption.

Meat-based foods are a big part of Nigerian cuisine, and examples include grilled suya, substantial stews, and soups like Egusi and Pepper Soup. Not only is meat a source of nutrition, but it also plays a significant role in cultural identity and serves as a symbol of friendliness.

The meat business is a significant economic sector in Nigeria. Many Nigerians depend on livestock farming for their livelihoods, from small-scale subsistence farmers to huge commercial companies. This sector supports the production of money, jobs, and food security. Additionally, the export of meat and associated goods helps to stabilize Nigeria's economy by boosting global trade.

Beyond just being economically significant, meat plays a significant part in social and cultural life in Nigeria. It is a typical element at events like weddings, festivals, and funerals as well as other communal festivities and rites. Sharing meat during these occasions represents generosity and camaraderie among family and friends, highlighting its function as a social glue that unites people.

Nigeria, like many other nations, is seeing changes in dietary choices as a result of sustainability and health concerns, but meat continues to be a vital and treasured part of the country's cuisine culture. As people become increasingly aware of these problems, interest in alternate protein sources and environmentally friendly animal production techniques is rising.

However, meat continues to play an important role in Nigerian society, fostering social connections through shared meals, protecting cultural traditions, and supporting the agricultural and economic landscape of the nation.

NIGERIA MEAT MARKETSIZE AND FORECAST

The Nigeria Meat Market accounted for $XX Billion in 2022 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2023 to 2030.

NEW PRODUCT LAUNCH

Chi Farms, a significant agribusiness in Nigeria, has announced ambitions to introduce a vegan burger across the country. The business provides a wide range of goods and services, including those for raising poultry, raising fish, fattening and breeding cattle, and processing meat. The business disclosed that it first introduced the entirely plant-based burger patties in January.

Currently, just a few chains of hotels and restaurants offer them. Since the response has been favorable, Chi Farms is planning to introduce the product across the country. According to the business, rising demand for vegan products in Nigeria the country with the largest population in Africa led to the introduction of the new burger. 

The largest meat producer in the world, JBS of Brazil, recently opened a facility to create plant-based meats. The business is currently working to add five new plant-based meat items to its lineup.

THIS REPORT WILL ANSWER FOLLOWING QUESTIONS

1. How many Meat is manufactured per annum in Nigeria? Who are the sub-component suppliers in the region?
2. Cost breakup of a Nigeria Meat and key vendor selection criteria
3. Where is the Meat manufactured? What is the average margin per unit?
4. Market share of Nigeria's Meat market manufacturers and their upcoming products
5. Cost advantage for OEMs who manufacture Nigeria Meat in-house
6. key predictions for the next 5 years in Nigeria's Meat market
7. Average B-2-B Meat market price in all segments
8. Latest trends in the Meat market, by every market segment
9. The market size (both volume and value) of the Meat market in 2023-2030 and every year in between?
10. Production breakup of the Meat market, by suppliers and their OEM relationship