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Tigernut Milk Production in Nigeria; The Feasibility Report.

Tigernut Milk Production in Nigeria; The Feasibility Report.

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Description

Tigernut milk, or horchata de chufa, is an emerging dairy-free beverage that has gained widespread popularity for its health benefits and versatile use. Made from the tubers of Cyperus esculentus, a plant native to parts of Africa and the Mediterranean, tigernut milk is gaining traction in the global plant-based beverage market.

It is naturally lactose-free, gluten-free, and rich in essential vitamins and minerals, making it an attractive option for people with dietary restrictions or those looking to adopt a healthier, more sustainable lifestyle. With a mild, nutty flavor and creamy texture, tiger nut milk has expanded its role from being a traditional drink in certain regions to becoming a key player in global dairy alternatives.

Tiger nut milk is a plant-based beverage derived from the tubers of the Cyperus esculentus plant, often referred to as tiger nuts. These small, nutty tubers have been cultivated for thousands of years in regions like Africa, Spain, and parts of the Mediterranean.

The tubers are soaked, blended with water, and strained to produce a creamy, smooth milk. Its naturally sweet taste, along with the high nutritional content, makes it an appealing alternative to dairy milk and other plant-based milks like almond, soy, and oat milk.

Tiger nut milk is packed with essential nutrients, including vitamins E and C, magnesium, phosphorus, and iron. It also boasts a rich fiber content, making it beneficial for digestive health.

Additionally, it is a great source of antioxidants and has been associated with anti-inflammatory properties. Given its nutrient profile and ability to cater to a variety of dietary needs, including vegan, gluten-free, and lactose-intolerant diets, tiger nut milk is becoming increasingly popular as a healthy, eco-friendly beverage option.

The tiger nut milk market can be divided into two (2) main categories based on its production methods: organic and conventional.

Organic Tiger Nut Milk: Organic tiger nut milk is produced using organic farming methods that avoid the use of synthetic fertilizers, pesticides, and herbicides. This variant of tiger nut milk is often sought after by consumers who are committed to purchasing products that are environmentally sustainable and free from harmful chemicals.

As organic food consumption continues to rise globally, the demand for organic tiger nut milk is anticipated to grow significantly.

Conventional Tiger Nut Milk: Conventional tiger nut milk, produced using standard agricultural practices, is typically more affordable than its organic counterpart. While it may not have the same appeal for environmentally conscious consumers, it still offers the health benefits of tiger nuts and remains a popular choice in many markets.

The global tiger nut milk market was valued at USD 455.3 million in 2020, and it is projected to grow at a compound annual growth rate (CAGR) of eight point one percent (8.1%) to reach USD 993.3 million by 2030. Several factors are driving this growth, including:

Health and Wellness Trends: As consumers continue to prioritize health and wellness, plant-based beverages like tiger nut milk are gaining popularity.

The increasing awareness of the health benefits of tiger nut milk, such as its high nutrient content and digestive health benefits, is fueling demand.

Lactose-Free Alternatives: With an increasing number of consumers opting for lactose-free and vegan products, tiger nut milk offers a viable and attractive alternative to traditional dairy milk.

Environmental Sustainability: The growing concern over the environmental impact of dairy farming is pushing more consumers toward plant-based alternatives like tiger nut milk, which has a smaller environmental footprint compared to dairy products.

Diverse Applications: Tiger nut milk’s versatility in both food and beverage applications, including its use in smoothies, desserts, and as a milk substitute, is contributing to its expanding market reach.

Several companies are currently dominating the tiger nut milk market, with some focusing on the production of organic products while others offer conventional variants.

The Key player in the market is Tigernuts Republic Nigeria. As one of the leading Nigerian producers, Tigernuts Republic plays a significant role in the local and international distribution of tiger nut milk. They focus on producing premium, organic tiger nut milk and other tiger nut-based products.

Nigeria is emerging as a significant player in the global tiger nut milk market due to the country’s rich history of tiger nut cultivation. Historically, tiger nuts have been grown in Nigeria for centuries, and the beverage “Kunu Aya” (a local tiger nut drink) is a traditional staple in many parts of the country.

The Nigerian market for tiger nut milk is projected to witness steady growth, with an estimated market size of USD 1.01 million in 2024. The market is expected to grow at a compound annual growth rate (CAGR) of seven point four percent (7.4%) during the forecast period.

Factors contributing to this growth include the growing interest in plant-based beverages and the rise in local production and export of tiger nut-based products.

Despite the growing demand for tiger nut milk, the market faces several challenges. These include:

Supply Chain Issues: The availability of high-quality tiger nuts and the lack of adequate infrastructure in some regions pose challenges to consistent production and distribution.

Price Sensitivity: Organic tiger nut milk, in particular, can be more expensive than conventional alternatives, which may limit its adoption in some markets.

Regulatory Barriers: Navigating the regulatory environment in different regions can be complex, particularly for small producers and new market entrants.

Nevertheless, the prospects for tiger nut milk are promising, driven by increasing consumer awareness of health, sustainability, and the growing demand for dairy-free alternatives. As the market matures, innovations in production and distribution, along with a more favorable regulatory environment, will likely drive further growth and opportunity.

The global tiger nut milk market is poised for significant growth as consumers increasingly seek healthy, plant-based alternatives to traditional dairy milk. In Nigeria, where tiger nuts have a deep cultural and historical significance, the market for tiger nut milk is also expanding rapidly, with both local producers and global players playing a crucial role in meeting the growing demand.

The future of the tiger nut milk market looks bright, with opportunities for innovation and sustainability driving its expansion worldwide.

Table of Contents

EXECUTIVE SUMMARY

1.0 Business Overview

1.1 Description of the Business
1.2 Vision and Mission Statement
1.3 Business Objective
1.4 Critical Success Factor of the Business
1.5Current Status of Business
1.6 Description of the Business Industry
1.7 Contribution to Local and National Economy

2. Marketing Plan

2.1 Description of the Product
2.2 Product Packaging and Delivery
2.3 The Opportunity
2.4 Pricing Strategy
2.5 Target Market
2.6 Distribution and Delivery Strategy
2.7 Promotional Strategy
2.8 Competition

3. Production Plan

3.1 Description of the Location
3.2 Raw Materials
3.3 Production Equipment
3.4 Production Process
3.5 Production Cost
3.6 Stock Control Process
3.7 Pre-Operating Activities and Expenses
3.7.1 Operating Activities and Expenses
3.8 Project Implementation Schedule

4.0 Organizational and Management Plan

4.1 Ownership of the Business
4.2 Profile of the Promoters
4.3 Key Management Staff
4.3.2 Management Support Units
4.4 Details of Salary Schedule

5. Financial Plan

5.1 Financial Assumption
5.2 Start-Up Capital Estimation
5.3 Source of Capital
5.4 Security of Loan
5.5 Loan Repayment Plan
5.6 Profit and Loss Account
5.7 Cash Flow Analysis
5.7 Viability Analysis

6.0 Business Risks, Mitigation Factors and SWOT Analysis

6.1 Business Risks and Mitigation Factors
6.2 SWOT Analysis

Report Details

Report Type: Feasibility Report
Formats of Delivery: EXCEL / MS WORD
No. of Pages: Text – 60 Pages /Excel – 6 Pages
Product Code: FORA/02/2025/TIGERNUTMILKPRODUCTIONINNIGERIA/66677666
Publisher: Foraminifera Market Research
Release Date: 10/03/2025; Update Every 3- Months
Language: English
Delivery time: 24– 48hours

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