The power minister said that although customers were expressing dissatisfaction with the Band A tariff, they understood that it remained a more economical option compared to producing their own electricity using petrol and diesel. The Minister of Power, Adebayo Adelabu, has indicated that it could cost private companies as much as N750 to produce one kilowatt-hour of electricity due to the elevated price of petrol. Adelabu stated that the expense of generating power will amount to N950 for each kilowatt-hour for those utilizing diesel engines. He contended that these costs exceed the N209 per kilowatt-hour that Band A customers are currently paying. He said, “I need to correct an impression. There’s a section of the media that says this revenue is an additional burden on the consumers. No, it is not. It is just a mere reallocation of resources from what they used to spend on petrol and diesel. Now they are paying to enjoy a good power supply. “But today that we have a more stable supply than we used to have, a lot of people do not spend on fuel again, not on diesel, not on petrol. Now, we are charging N209 as a full cost-reflective tariff for Band A, but for you to generate a kilowatt hour of power using a petrol generator to pay, at this rate of N1,000 per litre, it is going to be about N750 for a kilowatt-hour; and for diesel, it remains about N915. “So, power sector consumers are like a beautiful bride that has now tried two matrimonies. If they want to be sincere, they know which of the husbands to remain with. “So, we are adopting commercialisation in the sector to enable investors to have a line of sight to the return of their investments.”

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AbdulSamad Rabiu, the Chairman of BUA Cement, stated yesterday that his company's intention to sell cement at N3,500 per bag last year was frustrated by the actions of cement dealers. During the 8th Annual General Meeting held in Abuja, Rabiu highlighted that his company had sold over a million tons of cement to dealers at a price of N3,500 per bag, intending for these savings to be transferred to the end-users. However, he noted that the dealers were selling each bag of cement to consumers for prices ranging from N7,000 to N8,000. He mentioned that the company needed to discontinue the policy since its involvement was not intended to support dealers financially. He mentioned that BUA Cement was unable to regulate the dealers who, he claimed, were earning substantial profits due to the high margins, as the company lacks influence over pricing in the open market. He said, “So, a lot of the dealers took advantage of that policy. Rather than pass the low prices to the customers, they were selling at even double the price we sold to them. “Some were selling at N7, 000 and 8 000 per bag. They made a lot of money with the very high margin. I think we had sold more than a million tons at N3,500 before we realised what the dealers were doing. “And then, because of the issues that Nigeria faced at the time about devaluation of the Naira last year and the removal of fuel subsidy, we could not continue that policy. “We wanted that price to stay at that level but dealers refused. So, we could not sustain that simply because we did not want to be in a situation where we are subsidizing dealers. “I’m referring to the point when the foreign exchange rate moved from about N600 to maybe N1,800 to the US Dollar. So, it became even more challenging and more difficult for us to actually sustain that price policy.”

The FCCPC has set a one-month deadline for traders to reduce the prices of goods throughout Nigeria. The Federal Competition and Consumer Protection Commission (FCCPC) has announced a one-month grace period for traders and market participants engaged in price exploitation, encouraging them to lower their prices on goods. Mr. Tunji Bello, the newly appointed Executive Vice Chairman of the FCCPC, shared this information during a one-day stakeholders’ engagement focused on exploitative pricing, which took place on Thursday in Abuja. Bello indicated that the Commission plans to initiate enforcement actions as soon as the moratorium period concludes. He said, ”Under Section 155, violators whether individuals or corporate entities face severe penalties including substantial fines and imprisonment if found guilty by the court.  ”This is intended to deter all parties involved in such illicit activities.  ”However, our approach today is not punitive. I, therefore, call on all stakeholders to embrace the spirit of patriotism and cooperation.  ”It is in this spirit that we are giving a moratorium of one month before the Commission will start firm enforcement,” “We have heard and you have genuine issues and the government has the responsibility to address the problems but generally, let us talk to ourselves too. ”There are also gang-ups to exploit consumers by traders,”

Frozen Yogurt Market to Develop New Growth Story The global frozen yogurt market demand, currently valued at USD 99.29 billion in 2024, is on an impressive growth trajectory, poised to reach USD 272.74 billion by 2034. This represents a substantial compound annual growth rate (CAGR) of 10.6% over the forecast period from 2024 to 2034. The market’s expansion reflects a significant shift in consumer preferences towards healthier dessert options and the increasing availability of diverse and innovative frozen yogurt products. Market Dynamics and Growth Drivers • Health Consciousness: Consumers are increasingly seeking healthier dessert alternatives, making frozen yogurt a popular choice. Its perceived health benefits over traditional ice cream, such as lower fat content and probiotic properties, are fueling its popularity. • Diverse Offerings: The availability of a wide range of flavors and customizable options is attracting a broad consumer base. From exotic flavors to unique toppings, frozen yogurt meets evolving consumer tastes and preferences, enhancing its appeal. • Innovative Product Development: The market is experiencing a surge in product innovations, including the introduction of functional ingredients like probiotics and plant-based alternatives. These developments cater to the growing demand for nutritious and varied dessert options. • Expansion of Distribution Channels: The increase in distribution channels, including hypermarkets, supermarkets, and online platforms, has made frozen yogurt more accessible to consumers. Promotions and strategic partnerships with retail outlets further support market growth. Discover Growth Potential: Explore our detailed market research study to identify high-potential sectors and strategic business opportunities: https://www.futuremarketinsights.com/reports/sample/rep-gb-4344 Historical Performance and Future Outlook The global frozen yogurt market has demonstrated consistent growth, with a historical CAGR of 9.9% from 2019 to 2023. The market was valued at USD 60.36 billion in 2019. This momentum is expected to continue, driven by expanded product offerings, increased consumer disposable income, and greater availability across various sales channels. Key Market Segments The frozen yogurt market is segmented based on product type, fat content, flavors, sales channels, and regions: • Product Type: Dairy-based frozen yogurt continues to dominate, holding a substantial market share of 88.2% in 2024. Dairy-based options are favored for their rich, creamy texture and traditional flavor profiles. • Sales Channels: Hypermarkets and supermarkets lead the market with a 44.2% share, reflecting their significant role in providing a wide selection of frozen yogurt products. Online sales channels are also gaining traction, offering convenience and expanding market reach. • Regional Insights: India is a prominent market leader due to its growing urban population’s preference for healthier dessert options. Other key markets include the United States, Germany, China, and Japan, each contributing to the global growth with unique consumer preferences and market dynamics. Challenges and Market Constraints Despite its positive outlook, the frozen yogurt market faces certain challenges: • Nutritional Misconceptions: Misunderstandings regarding the nutritional value of frozen yogurt compared to other desserts may impact consumer choices. • Seasonal Demand Variations: Demand for frozen yogurt can fluctuate with seasonal changes, particularly during colder months. • Ingredient Costs: Volatility in ingredient prices and competition among frozen dessert manufacturers can affect pricing and profitability. Comparative Market Overview The frozen yogurt market is compared with adjacent sectors such as frozen pizza and frozen desserts: • Frozen Yogurt: With a forecast CAGR of 10.6%, the frozen yogurt market is driven by health trends and innovation in flavors and formulations. • Frozen Pizza: The frozen pizza market, with a CAGR of 6% from 2023 to 2033, is expanding through premiumization and healthier options. • Frozen Desserts: The frozen desserts market is expected to grow at a CAGR of 5.8%, with a focus on clean labels and global flavor inspirations. Competitive Landscape The frozen yogurt market features a diverse competitive landscape with key players including Pinkberry, Frosty Boy, Honey Hill Farms, Scott Brothers Dairy, Red Mango, Yogurtland, Llaollao, and Menchie’s Frozen Yogurt. These brands are actively expanding their product lines and distribution networks to capitalize on growing consumer demand. Recent developments include: • Noosa: In 2022, Noosa launched its first line of frozen yogurt gelato, featuring flavors like chocolate fudge and sea salt caramel. • Yasso: In 2021, Yasso introduced Poppables, a new frozen yogurt product dipped in dark chocolate and topped with quinoa crunch.

Low- and No-Calorie Soda Market Demand and Growth Trends by 2033 The global demand for low- and no-calorie soda is predicted to register a CAGR of 2.2% over the forecast period, as per FMI’s analysis. The industry’s market size is anticipated to rise from US$ 21.46 billion in 2023 to US$ 26.67 billion by 2033. The emerging sugar reduction trend in soft drinks is supporting the sales of low- and no-calorie soda. Since the COVID-19 hit, consumers have been significantly impacted and have turned to healthy beverage options. Growing concerns over adopting a healthy lifestyle are also impeding the demand for low- and no-calorie beverages. Unlock In-Depth Market Insights and Propel Your Business Forward! Download our Sample Report Now! Popular brands are introducing new, healthy versions of their traditionally accepted products. Coca-Cola, for instance, has introduced Coca-Cola Zero Sugar to cater to the rising demand for tasty beverages with zero or low calories. The company has constantly been developing the taste of the lite version of Coca-Cola, striving to match it to the original flavor of classic Coca-Cola. The young consumers that are increasingly seeking lower-calorie, healthy beverage options are supporting the demand for low- and no-calorie soda. Other factors, such as the rise in lifestyle disorders, innovative marketing campaigns to involve netizens, and attractive packaging, among other influences, are helping the market to advance. Key Highlights of the Market: The United States market is projected to become significant over the next 10 years. Expanding obese population in the country and the imposition of tax on products with high sugar content are projected to enhance market size over the forecast period. The market in China is expected to assume a robust pace over the analysis period, expanding at a CAGR of 3.5%. The acceptance of low- and no-calorie sodas among the population of China is increasing. A significantly growing consumer base consisting mainly of the young population is also projected to favor market growth. The market in Japan for low- and no-calorie soda is projected to expand at a CAGR of 1.5% over the forecast period. The market is being positively influenced by the growing popularity of zero-sugar beverages among the populace. Additionally, a widening consumer base of low- and no-calorie soda, consisting mainly of health-conscious consumers, is expected to boost the market growth. The market in South Korea is witnessing growth as consumption of zero-sugar drinks is rising in the country. Preference for these beverages is increasing as people in Korea are seeking alternative products to shed extra pounds. New Developments by Leading Companies Spurring the Market Growth: In June 2022, Zevia, a plant-based, naturally sweetened, and zero-sugar beverage company announced two limited editions to its soda flavors portfolio. These two new flavors are Orange Cream and Fruit Punch and are available for a short duration at select retailers across the United States. In October 2019, The Coca-Cola Company officially announced that the company is introducing Coca-Cola Zero Sugar in flavors including cherry and vanilla in February 2020 in the United States. In January 2019, DALSTONSSODA, the United Kingdom-based company, introduced a new range of low-calorie beverages to its soft drinks line. The new launch targeted the ever-growing health-conscious consumers.

Ginger Beer Market and Global Foreseen Till 2033 The global ginger beer market is poised for robust growth, projected to achieve a significant market valuation of US$ 10.1 billion by the end of 2033, driven by a moderate CAGR of 7.7% from 2023 onwards. This substantial growth presents lucrative opportunities for investors and stakeholders looking to capitalize on the evolving beverage trends and consumer preferences. The escalating demand for low-alcohol and gluten-free beverages is a key driver propelling the ginger beer market forward. Health-conscious consumers are increasingly opting for ginger beer due to its perceived health benefits, including improved metabolism and alleviation of motion sickness. Market leaders such as G’s Hard Ginger Beer and Bundaberg are meeting this demand with innovative, organic, and vegan-friendly offerings, catering to a growing segment of health-conscious consumers. Get Your Report Sample: https://www.futuremarketinsights.com/reports/sample/rep-gb-15067 Additionally, the rising popularity of ginger beer cocktails in restaurants, pubs, and clubs is expanding the beverage’s appeal, further boosting market growth. The versatility of ginger beer in both alcoholic and non-alcoholic formats is appealing to a broad consumer base, from millennials seeking flavored hard beverages to health enthusiasts opting for low-calorie options. Key Takeaways • The desire of consumers for distinctive and refreshing drinks is predicted to support the continuous growth of the ginger beer market in India, with a CAGR of 8.9% by 2033. • The market for ginger beer in the U.K. is anticipated to grow rapidly, with a CAGR of 9.8% predicted by 2033 as customers warm to the distinct flavor and adaptability of beverages containing ginger. • The rising popularity of beverages with ginger and China’s developing beverage sector is expected to increase the market for ginger beer at a CAGR of 7.6% by 2033. • Australia’s ginger beer market is expected to expand moderately, with a CAGR of 1.6% by 2033, as people look for energizing and zesty substitutes for conventional carbonated drinks. • The rising customer inclination for beverages with ginger flavoring and Japan’s developing beverage market is predicted to propel the market for ginger beer to increase at a CAGR of 2.8% by 2033 gradually. Regional Insights North America dominates the global ginger beer market, accounting for over 35% of the revenue share in 2021. The region’s strong consumer base in the USA and Canada, coupled with increasing health awareness, continues to drive market growth. Collaborations and strategic alliances among key players are further bolstering market expansion and product innovation in this region. The Asia Pacific region is poised to experience above-average growth, anticipated at 8.4% CAGR during the forecast period. Growing consumer acceptance of ginger beer, supported by infrastructure developments in retail transportation, particularly in China and surrounding areas, is expected to fuel market growth significantly. Competitive Landscape and Recent Developments The global ginger beer market is characterized by a fragmented competitive landscape with prominent players such as Crabbie’s Alcoholic Ginger Beer, Bundaberg Brewed Drinks, Fever-Tree, and Fentimans leading the market. These companies are actively engaging in strategic partnerships, product expansions, and innovative marketing initiatives to strengthen their market presence. Major international beverage giants like Coca-Cola and PepsiCo have launched their brands in an effort to cash in on the growing popularity of ginger beer. To acquire a competitive advantage in the market, these well-established firms make use of their vast distribution networks, marketing prowess, and brand awareness. Recent developments • A new line of low-alcohol seasonal organically fermented products, including 0.7 percent alcohol content ABV ginger beer, was introduced by Docker Brewery and Bakehouse Company. • Tropical Ginger Beer, which would be available through a number of supply channels in the USA, was added to the Q Mixers Beverage Company’s product lineup. • Ginger Brew Co. has released a variety of ginger beer flavors that mix unusual ingredients with conventional brewing techniques to provide a distinctive flavor profile. Consumers looking for a delicious and refreshing alternative to traditional soft drinks have been drawn to these. #Ginger Beer Market

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