The Nigeria alcoholic beverages market is projected to grow swiftly, with a USD 15.0 billion increase in market size and a compound annual growth rate (CAGR) close to 18.9%, driven by heightened demand and innovation. Nigeria’s alcoholic beverages market is expanding rapidly, driven by increasing urbanization, a growing middle class, and rising disposable incomes. Beer dominates the market, but spirits and wine are becoming increasingly popular, particularly among young, affluent consumers. The growing trend for premium products and the rise of local craft beer and spirits further diversify the market, with a strong demand in the hospitality and retail sectors.
The report offers a comprehensive evaluation of the Nigeria alcoholic beverages market, presenting crucial data on historical market size, growth patterns, and future projections. It provides a thorough breakdown of market segments and sub-segments, with a focus on key variables such as product, packaging type and distribution channel. This comprehensive evaluation aids in identifying the growth potential within the alcoholic beverages industry.
Market Segmentation
The Nigeria alcoholic beverages market is classified into the following segments:
Product: beer, cider/perry, RTDs, spirits, wine
Packaging type: glass bottles, metal cans, others
Distribution channel: supermarkets and hypermarkets, food & drinks specialty stores, grocery stores, bars & HoReCa, e-commerce, others
The Nigeria market for alcoholic beverages is divided based on product, packaging type and distribution channel. The market is classified by product into beer, cider/perry, RTDs, spirits, and wine. Packaging type categories include glass bottles, metal cans, and others. Distribution channel segments comprise supermarkets and hypermarkets, food & drinks specialty stores, grocery stores, bars & HoReCa, e-commerce, and others.
Competitive Landscape
The alcoholic beverages market is dominated by key players, including Stellar Beverages Ltd., Nigerian Distilleries Ltd., Intercontinental Distillers Limited, Heineken N.V., Diageo plc, Best global Brands Ltd. and AB InBev. This analysis offers a comprehensive overview of the main players in the alcoholic beverages market, evaluating their performance trends from 2019 to 2023. 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 alcoholic beverages market.
Gain in-depth analysis and forecasts for the key segments of the Nigeria alcoholic beverages market: product, packaging 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 alcoholic beverages market.
Identify high-potential investment opportunities by targeting growth sectors and emerging trends.
Anticipate the future trajectory of the Nigeria alcoholic beverages market with informed projections.
Assess the competitive landscape to determine the ideal timing for capitalizing on market opportunities.
A single unlimited user license within the same organization, with no additional charges for extra users.
Table of Contents
TABLE OF CONTENTS
Key Findings
Report Scope
Research Methodology
Market Overview
Nigeria Alcoholic Beverages Market – Product Analysis
Nigeria Alcoholic Beverages Market – Packaging Type Analysis
Nigeria Alcoholic Beverages Market – Distribution Channel Analysis
Key Players and Market Share
– Stellar Beverages Ltd.
– Nigerian Distilleries Ltd.
– Intercontinental Distillers Limited
– Heineken N.V.
– Diageo plc
– Best Global Brands Ltd.
– AB InBev
Macroeconomic Data and Forecast
Disclaimer
FIGURES AND TABLES
Table Nigeria Alcoholic Beverages Market 2019-2029
Chart Nigeria Alcoholic Beverages Market, Net Growth, 2019-2029
Chart Nigeria Alcoholic Beverages Market, Growth Rates, 2019-2029
Table Nigeria Alcoholic Beverages Market by Product, 2019-2029
Chart Nigeria Alcoholic Beverages Market by Product, CAGR Historic and Forecast, 2019-2029
Chart Nigeria Alcoholic Beverages Market by Product, 2019-2029
Table Nigeria Alcoholic Beverages Market by Packaging Type, 2019-2029
Chart Nigeria Alcoholic Beverages Market by Packaging Type, CAGR Historic and Forecast, 2019-2029
Chart Nigeria Alcoholic Beverages Market by Packaging Type, 2019-2029
Table Nigeria Alcoholic Beverages Market by Distribution Channel, 2019-2029
Chart Nigeria Alcoholic Beverages Market by Distribution Channel, CAGR Historic and Forecast, 2019-2029
Chart Nigeria Alcoholic Beverages Market by Distribution Channel, 2019-2029
Table Nigeria Alcoholic Beverages Market Share (%), by Companies, 2019-2023
Chart Nigeria Alcoholic Beverages Market, by Companies, 2023
Table Nigeria Alcoholic Beverages Market Share (%), by Brands, 2019-2023
Chart Nigeria Alcoholic Beverages 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 Alcoholic Beverages Market: Spend as a Proportion of GDP (%)
Table Nigeria Alcoholic Beverages Market: Consumption per Capita (Population)
Companies Mentioned
Stellar Beverages Ltd.
Nigerian Distilleries Ltd.
Intercontinental Distillers Limited
Heineken N.V.
Diageo plc
Best Global Brands Ltd.
AB InBev