The carbonated soft drinks market in Nigeria is likely to register a CAGR of over 11.6% with an incremental growth of USD 2.8 billion during the forecast period 2024-2029. The burgeoning carbonated soft drink (CSD) market in Nigeria is primarily driven by robust economic development and increasing consumer spending power. This economic uplift enables a greater number of consumers to afford non-essential goods, including pleasure-oriented products like carbonated soft drinks.
Carbonated soft drinks offer an appealing combination of refreshing taste and instant gratification, making them highly attractive to a broad spectrum of consumers. This growing demand is particularly notable among the younger demographic, who are not only more open to trying new products but also have a higher propensity to spend on discretionary items. Consequently, major brands are intensifying their efforts in the country through aggressive marketing and strategic distribution to capture this expanding market segment.
This report provides a thorough assessment of the Nigeria carbonated soft drinks industry, presenting key market data including historical performance, growth trends, and future outlooks. It delves into various market segments and sub-segments, with a focus on important factors like type, product, packaging, and distribution channel. Through this detailed assessment, the report helps uncover the growth potential of the carbonated soft drinks industry.
Market Segmentation
The carbonated soft drinks market in Nigeria is categorized into the following segments:
Type: regular, reduced sugar/sugar-free
Product: colas, carbonated orange drinks, lemonade and lime, tonic water and mixers, others
Packaging: glass bottles, metal cans, plastic bottles
Distribution channel: convenience stores, supermarkets and hypermarkets, small grocery stores, e-commerce, foodservice channels, others
The Nigeria carbonated soft drinks market is segmented on the basis of type, product, packaging, and distribution channel. On the basis of type, the carbonated soft drinks market in Nigeria has been segmented into regular, and reduced sugar/sugar-free. By product, the carbonated soft drinks market in Nigeria has been segmented into colas, carbonated orange drinks, lemonade and lime, tonic water and mixers, and others. Based on packaging, the carbonated soft drinks market in Nigeria is categorized into glass bottles, metal cans, and plastic bottles. On the basis of distribution channel, the carbonated soft drinks market in Nigeria has been segmented into convenience stores, supermarkets and hypermarkets, small grocery stores, e-commerce, foodservice channels, and others.
Competitive Landscape
The Nigeria carbonated soft drinks market is highly competitive. As of 2023, the major players in the Nigeria carbonated soft drinks market were AJE Group, Diageo plc, Mamuda Group Nigeria Limited, Nichols plc, PepsiCo Inc., Primo Water Corporation, Rite Foods Limited, Suntory Holdings Limited, The Coca-Cola Company, The La Casera Company (TLCC), UAC of Nigeria PLC (UAC).
This report provides a comprehensive analysis of the key players in the Nigeria carbonated soft drinks market, along with their performance from 2019 to 2023. By utilizing this data, businesses can gain a deeper understanding of market dynamics, including shifts in market share, the identification of leading players, and the rise of emerging companies. This information equips firms with a strategic advantage in a competitive landscape, enabling them to refine their market strategies and make informed, long-term decisions.
Why Buy This Report?
Obtain precise statistical data and forecasts for the Nigeria carbonated soft drinks market.
Develop region-specific strategies and set strategic priorities based on localized data analysis.
Gain deep insights into the dynamics of the Nigeria carbonated soft drinks market.
Identify high-potential investment opportunities by targeting growth sectors and emerging trends.
Anticipate the future trajectory of the Nigeria carbonated soft drinks market with informed projections.
Assess the competitive landscape to determine the ideal timing for capitalizing on market opportunities.
Table of Contents
TABLE OF CONTENTS
Key findings
Report scope
Research methodology
Market overviewNigeria carbonated soft drinks market – type analysis
Nigeria carbonated soft drinks market – product analysis
Nigeria carbonated soft drinks market – packaging analysis
Nigeria carbonated soft drinks market – distribution channel analysis
Key players and market share
– AJE Group
– Diageo plc
– Mamuda Group Nigeria Limited
– Nichols plc
– PepsiCo, Inc.
…
Macroeconomic data and forecast
Disclaimer
FIGURES AND TABLES
Table Nigeria carbonated soft drinks market 2019-2029
Chart Nigeria carbonated soft drinks market, net growth, 2019-2029
Chart Nigeria carbonated soft drinks market, growth rates, 2019-2029
Table Nigeria carbonated soft drinks market by type, 2019-2029
Chart Nigeria carbonated soft drinks market by type, CAGR historic and forecast, 2019-2029
Chart Nigeria carbonated soft drinks market by type, 2019-2029
Table Nigeria carbonated soft drinks market by product, 2019-2029
Chart Nigeria carbonated soft drinks market by product, CAGR historic and forecast, 2019-2029
Chart Nigeria carbonated soft drinks market by product, 2019-2029
Table Nigeria carbonated soft drinks market by packaging, 2019-2029
Chart Nigeria carbonated soft drinks market by packaging, CAGR historic and forecast, 2019-2029
Chart Nigeria carbonated soft drinks market by packaging, 2019-2029
Table Nigeria carbonated soft drinks market by distribution channel, 2019-2029
Chart Nigeria carbonated soft drinks market by distribution channel, CAGR historic and forecast, 2019-2029
Chart Nigeria carbonated soft drinks market by distribution channel, 2019-2029
Table Nigeria carbonated soft drinks market share (%), by companies, 2019-2023
Chart Nigeria carbonated soft drinks market, by companies, 2023
Table Nigeria carbonated soft drinks market share (%), by brands, 2019-2023
Chart Nigeria carbonated soft drinks 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 carbonated soft drinks market: spend as a proportion of GDP (%)
Table Nigeria carbonated soft drinks market: consumption per capita (population)