Forecasts highlight a favorable growth outlook for the Nigeria soft drinks market, with a projected increase of USD 16.0 billion and a CAGR close to 8.9% through 2030. Nigeria’s soft drinks market is growing rapidly, driven by a large and youthful population, increasing urbanization, and rising disposable incomes. The demand for carbonated beverages, bottled water, and fruit juices is strong, with a noticeable shift towards healthier, functional beverages such as low-sugar, sugar-free, and energy drinks. The growth of modern retail outlets, along with the rise of e-commerce platforms, is further enhancing consumer access to a wider range of soft drinks, including international and premium brands, fueling overall market growth.
This report delivers a comprehensive analysis and forward-looking perspective on the Nigeria soft drinks market, spanning historical data from 2020 to 2024 and market projections through 2030. By examining market size, growth rates, and segmented insights, the report highlights the dynamic shifts and emerging trends shaping the industry. It provides a granular breakdown across key dimensions, including product type, type, packaging and distribution channel, offering stakeholders a detailed roadmap for strategic decision-making.
Market Segmentation
The Nigeria soft drinks market is classified into the following segments:
Product type: bottled water, carbonated soft drinks, concentrates, juices, RTD tea, energy drinks, sports drinks
Type: regular, low- and no-sugar soft drinks
Packaging: flexible packaging, glass bottles, liquid cartons, metal cans, plastic bottles, others
Distribution channel: supermarkets and hypermarkets, food and drinks stores, grocery stores, bars and HoReCa, others
The soft drinks market in the Nigeria is segmented by product type, type, packaging and distribution channel. By product type, the market features bottled water, carbonated soft drinks, concentrates, juices, RTD tea, energy drinks, and sports drinks. Type segments are divided into regular, and low- and no-sugar soft drinks. Packaging segments comprise flexible packaging, glass bottles, liquid cartons, metal cans, plastic bottles, and others. Distribution channel segmentation includes supermarkets and hypermarkets, food and drinks stores, grocery stores, bars and HoReCa, and others.
Competitive Landscape
Key players in the soft drinks market consist of Viju Industries Nigeria Limited, UAC of Nigeria PLC (UAC), The La Casera Company (TLCC), The Coca-Cola Company, Suntory Holdings Limited, Rite Foods Limited, PepsiCo Inc., Paramount Trading & Industries Nigeria Limited (Aquarite), Nestle S.A. and Artee Industries Limited.
This analysis offers a comprehensive overview of the main players in the soft drinks market, evaluating their performance trends from 2020 to 2024. Key findings illustrate shifts in market share, identifying both dominant firms and rising competitors.
Why Buy This Report?
Obtain precise statistical data and forecasts for the Nigeria soft drinks market.
Gain in-depth analysis and forecasts for the key segments of the Nigeria soft drinks market: product type, type, packaging 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 soft drinks market.
Identify high-potential investment opportunities by targeting growth sectors and emerging trends.
Anticipate the future trajectory of the Nigeria soft drinks 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
Market Segmentation
Market Overview
Nigeria Soft Drinks Market – Product Type Analysis
Nigeria Soft Drinks Market – Type Analysis
Nigeria Soft Drinks Market – Packaging Analysis
Nigeria Soft Drinks Market – Distribution Channel Analysis
Key Players and Market Share
Viju Industries Nigeria Limited
UAC of Nigeria PLC (UAC)
The La Casera Company (TLCC)
The Coca-Cola Company
Suntory Holdings Limited
Rite Foods Limited
PepsiCo, Inc.
Paramount Trading & Industries Nigeria Limited (Aquarite)
Nestle S.A.
…
Macroeconomic Data and Forecast
Research Methodology
Disclaimer
FIGURES AND TABLES
Table Nigeria Soft Drinks Market 2020-2030
Chart Nigeria Soft Drinks Market, Net Growth, 2020-2030
Chart Nigeria Soft Drinks Market, Growth Rates, 2020-2030
Table Nigeria Soft Drinks Market by Product Type, 2020-2030
Chart Nigeria Soft Drinks Market by Product Type, CAGR Historic and Forecast, 2020-2030
Chart Nigeria Soft Drinks Market by Product Type, 2020-2030
Table Nigeria Soft Drinks Market by Type, 2020-2030
Chart Nigeria Soft Drinks Market by Type, CAGR Historic and Forecast, 2020-2030
Chart Nigeria Soft Drinks Market by Type, 2020-2030
Table Nigeria Soft Drinks Market by Packaging, 2020-2030
Chart Nigeria Soft Drinks Market by Packaging, CAGR Historic and Forecast, 2020-2030
Chart Nigeria Soft Drinks Market by Packaging, 2020-2030
Table Nigeria Soft Drinks Market by Distribution Channel, 2020-2030
Chart Nigeria Soft Drinks Market by Distribution Channel, CAGR Historic and Forecast, 2020-2030
Chart Nigeria Soft Drinks Market by Distribution Channel, 2020-2030
Table Nigeria Soft Drinks Market Share (%), by Companies, 2020-2024
Chart Nigeria Soft Drinks Market, by Companies, 2024
Table Nigeria Soft Drinks Market Share (%), by Brands, 2020-2024
Chart Nigeria Soft Drinks Market, by Brands, 2024
Table Nigeria – Population (Millions) and Forecast
Table Nigeria – Consumer Price Index (CPI) and Forecast
Table Nigeria – Gross Domestic Product and Forecast
Table Nigeria Soft Drinks Market: Spend as a Proportion of GDP (%)
Table Nigeria Soft Drinks Market: Consumption per Capita (Population)
Companies Mentioned
Viju Industries Nigeria Limited
UAC of Nigeria PLC (UAC)
The La Casera Company (TLCC)
The Coca-Cola Company
Suntory Holdings Limited
Rite Foods Limited
PepsiCo, Inc.
Paramount Trading & Industries Nigeria Limited (Aquarite)
Nestle S.A.
Artee Industries Limited