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Tigernut Yoghurt Production in Nigeria; The Feasibility Report.

Tigernut Yoghurt Production in Nigeria; The Feasibility Report.

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Description

Tiger nut yogurt is an innovative, dairy-free alternative to traditional yogurt, made from tiger nut milk. As consumer preferences shift towards healthier, lactose-free, and plant-based options, tiger nut yogurt is gaining popularity in Nigeria.

Traditional yogurt is a dairy product produced through the bacterial fermentation of milk using probiotics like Lactobacillus acidophilus, Lactobacillus rhamnosus, Lactobacillus bulgaricus, and Streptococcus thermophilus. It is a rich source of essential nutrients, including calcium, vitamins B6 and B12, riboflavin, potassium, and magnesium. These nutrients contribute to bone health, improved digestion, reduced cholesterol levels, and enhanced immune function. Regular consumption of yogurt aids in alleviating constipation by promoting bowel movement and reducing discomfort.

Additionally, yogurt has been associated with heart health, inflammation reduction, and protection against type 2 diabetes and colorectal cancer. In recent years, demand for yogurt has increased globally due to growing health awareness and the need for functional foods.

Tiger nut yogurt serves as a lactose-free alternative to traditional dairy-based yogurt. Tiger nuts, despite their name, are not actual nuts but tubers rich in fiber, healthy fats, and essential vitamins. Tiger nut milk, derived from soaked and blended tiger nuts, offers a naturally sweet and nutty taste. This makes it an excellent base for yogurt, particularly for consumers who are lactose intolerant or looking for plant-based alternatives.

Moreover, tiger nut yogurt is a nutrient-rich food option containing antioxidants, prebiotics, and beneficial enzymes that improve digestion, promote gut health, and enhance the body’s immune response. It can be flavored with natural ingredients like banana, apple, strawberry, vanilla, chocolate, fruit juice, and other condiments to enhance its taste and appeal.

The global yogurt market reached a valuation of US$ 113.5 billion in 2022 and is projected to expand to US$ 163.8 billion by 2028 at a compound annual growth rate (CAGR) of six point thirty-nine percent (6.39%). This growth is driven by increasing consumer health consciousness and the rising demand for low-calorie, high-protein, and lactose-free yogurt options.

In Nigeria, the yogurt drinks market was valued at US$ 138 million in 2021 and is expected to reach US$ 247 million by 2027, growing at a compound annual growth rate (CAGR) of ten point seventeen percent (10.17%) between 2022 and 2027.

This upward trend is attributed to increasing urbanization, improved consumer living standards, and the demand for nutrient-rich beverages.

Additionally, the introduction of innovative flavors such as blueberry, mango, and raspberry caters to diverse consumer preferences, further boosting market expansion.

The demand for yogurt, including dairy-free varieties like tiger nut yogurt, remains strong in Nigeria, where yogurt is a fast-moving consumer good (FMCG). The increasing adoption of plant-based alternatives due to dietary restrictions, vegan lifestyles, and health benefits presents a lucrative opportunity for tiger nut yogurt producers.

One of the key advantages of tiger nut yogurt production is the simplicity of the manufacturing process. The technology required for production is straightforward, and the equipment can be locally fabricated, reducing startup and operational costs. The main raw materials—tiger nuts, probiotics, natural sweeteners, and flavoring agents—are readily available in Nigeria, making production cost-effective.

The accessibility of tiger nut yogurt is further enhanced by both online and offline distribution channels. Supermarkets, health food stores, local markets, and e-commerce platforms facilitate consumer reach. The growing middle class, increased digitalization, and the expansion of mobile payment systems in Nigeria also contribute to making tiger nut yogurt more accessible to a wider consumer base.

Despite its promising market potential, tiger nut yogurt production faces several challenges:

Awareness and Consumer Education: Many consumers are still unfamiliar with tiger nut yogurt and its benefits. Effective marketing campaigns, educational programs, and sampling initiatives can help increase awareness and acceptance.

Shelf Life and Storage: Like traditional yogurt, tiger nut yogurt requires proper storage conditions to maintain its freshness and probiotic content. Investment in cold-chain logistics and preservative-free packaging solutions is necessary to extend shelf life and reduce spoilage.

Regulatory Compliance: Producers must adhere to Nigerian regulatory standards set by the National Agency for Food and Drug Administration and Control (NAFDAC) and the Standards Organization of Nigeria (SON).

Obtaining necessary approvals and maintaining quality standards are crucial for market entry and consumer trust.

Competition: While tiger nut yogurt is a niche product, it competes with dairy-based yogurts and other plant-based alternatives such as soy and almond yogurt. Offering unique flavors, superior taste, and high nutritional value can help differentiate tiger nut yogurt in the market.

The future of tiger nut yogurt in Nigeria looks promising. As more consumers prioritize health and wellness, demand for lactose-free, natural, and nutritious food options will continue to rise. The increasing number of health-conscious Nigerians, coupled with government initiatives supporting local food production and processing, provides a conducive environment for business growth in this sector.

Furthermore, collaborations with supermarkets, health food stores, and online retailers will enhance the availability and visibility of tiger nut yogurt. Product innovation, such as the introduction of probiotic-enhanced and fortified tiger nut yogurts, can further attract health-conscious consumers.

Tiger nut yogurt is an emerging dairy-free alternative with immense growth potential in Nigeria. With its rich nutritional benefits, compatibility with local dietary preferences, and alignment with global health trends, it presents a lucrative opportunity for producers and investors. Although challenges exist, strategic market positioning, consumer education, and compliance with regulatory standards will be key to unlocking the full potential of the tiger nut yogurt market in Nigeria.

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/TIGERNUTYOGHURTPRODUCTIONINNIGERIA/666553435
Publisher: Foraminifera Market Research
Release Date: 10/03/2025; Update Every 3- Months
Language: English
Delivery time: 24– 48hours

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