Expected to witness rapid expansion, the Nigeria instant noodles market is likely to increase from USD 1,068.9 million in 2023 to USD 2,485.4 million by 2029, registering a CAGR of 15.1% during the forecast period. The instant noodles market in Nigeria is driven by the rising demand for affordable, convenient meal options, especially among low-to-middle-income households. The market is also benefiting from the growing popularity of international flavors and the expanding influence of Asian cuisine. Additionally, the increasing availability of instant noodles through modern retail and online platforms is supporting market growth.
The report delivers an in-depth analysis of the Nigeria instant noodles industry, offering extensive market data such as historical market size, growth trajectories, and forward-looking projections. It thoroughly examines key market categories and subcategories, emphasizing critical elements like product type and distribution channel. By offering this detailed analysis, the report assists in uncovering the untapped potential of the instant noodles market.
Market Segmentation
The following outlines the segmentation of the Nigeria instant noodles market:
Product type: cup noodles, pouch noodles
Distribution channel: convenience stores, supermarkets and hypermarkets, small grocery stores, foodservice channels, e-commerce, others
The instant noodles market in Nigeria is segmented across product type and distribution channel. In terms of product type, the market is segmented into cup noodles, and pouch noodles. Distribution channel categories include convenience stores, supermarkets and hypermarkets, small grocery stores, foodservice channels, e-commerce, and others.
Competitive Landscape
Top players featured in the Nigeria instant noodles market study include Chikki Foods Industries Limited, Flour Mills of Nigeria Plc (FMN), Olam Group Limited, Primera Food Nigeria Limited, PT Indofood Sukses Makmur Tbk and Tolaram Group. This report delivers an in-depth examination of leading companies in the instant noodles sector, analyzing their performance from 2019 to 2023. The results indicate changes in market share, emphasizing both established leaders and new entrants.
Why Buy This Report?
Obtain precise statistical data and forecasts for the Nigeria instant noodles market.
Gain in-depth analysis and forecasts for the key segments of the Nigeria instant noodles market: product type and distribution channel.
Develop region-specific strategies and set strategic priorities based on localized data analysis.
Gain deep insights into the dynamics of the Nigeria instant noodles market.
Identify high-potential investment opportunities by targeting growth sectors and emerging trends.
Anticipate the future trajectory of the Nigeria instant noodles market with informed projections.
Assess the competitive landscape to determine the ideal timing for capitalizing on market opportunities.
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Table of Contents
TABLE OF CONTENTS
Key Findings
Report Scope
Research Methodology
Market Overview
Nigeria Instant Noodles Market – Product Type Analysis
Nigeria Instant Noodles Market – Distribution Channel Analysis
Key Players and Market Share
– Chikki Foods Industries Limited
– Flour Mills of Nigeria Plc (FMN)
– Olam Group Limited
– Primera Food Nigeria Limited
– PT Indofood Sukses Makmur Tbk
– Tolaram Group
Macroeconomic Data and Forecast
Disclaimer
FIGURES AND TABLES
Table Nigeria Instant Noodles Market 2019-2029
Chart Nigeria Instant Noodles Market, Net Growth, 2019-2029
Chart Nigeria Instant Noodles Market, Growth Rates, 2019-2029
Table Nigeria Instant Noodles Market by Product Type, 2019-2029
Chart Nigeria Instant Noodles Market by Product Type, CAGR Historic and Forecast, 2019-2029
Chart Nigeria Instant Noodles Market by Product Type, 2019-2029
Table Nigeria Instant Noodles Market by Distribution Channel, 2019-2029
Chart Nigeria Instant Noodles Market by Distribution Channel, CAGR Historic and Forecast, 2019-2029
Chart Nigeria Instant Noodles Market by Distribution Channel, 2019-2029
Table Nigeria Instant Noodles Market Share (%), by Companies, 2019-2023
Chart Nigeria Instant Noodles Market, by Companies, 2023
Table Nigeria Instant Noodles Market Share (%), by Brands, 2019-2023
Chart Nigeria Instant Noodles Market, by Brands, 2023
Table Nigeria – Population (Millions) and Forecast
Table Nigeria – Consumer Price Index (CPI) and Forecast
Table Nigeria – Gross Domestic Product and Forecast
Table Nigeria Instant Noodles Market: Spend as a Proportion of GDP (%)
Table Nigeria Instant Noodles Market: Consumption per Capita (Population)
Companies Mentioned
Chikki Foods Industries Limited
Flour Mills of Nigeria Plc (FMN)
Olam Group Limited
Primera Food Nigeria Limited
PT Indofood Sukses Makmur Tbk
Tolaram Group