The Nigeria carbonated soft drinks market is expected to experience robust growth, with a projected increase of USD 2.2 billion and a compound annual growth rate (CAGR) of approximately 8.1% throughout the forecast period. Nigeria’s carbonated soft drinks market is one of the largest in Africa, fueled by a growing urban population and rising disposable incomes, particularly in cities like Lagos and Abuja. The demand for both local and international carbonated drinks is increasing, driven by the young, dynamic demographic that favors flavored and premium sodas. Health-conscious trends are also influencing the market, with a rising preference for low-sugar and sugar-free options. The growth of modern retail formats, including supermarkets and e-commerce platforms, is making carbonated drinks more accessible, contributing to market expansion.
The report provides a comprehensive analysis of the Nigeria carbonated soft drinks industry, presenting detailed market data including historical market size, growth rates, and future forecasts. It offers an in-depth examination of various market categories and subcategories, with a particular focus on key factors such as type, product type, packaging and distribution channel. The insights gained from this evaluation help reveal the growth potential within the carbonated soft drinks sector.
Market Segmentation
The segmentation of the Nigeria carbonated soft drinks market is outlined below:
Type: regular, low sugar/sugar free
Product type: cola carbonates, carbonated orange drinks, lemonade and lime, tonic water and mixers, others
Packaging: glass bottles, metal cans, plastic bottles
Distribution channel: supermarkets and hypermarkets, food and beverages stores, grocery stores, foodservice channels, others
In Nigeria, the carbonated soft drinks market is segmented by type, product type, packaging and distribution channel. By type, it includes regular, and low sugar/sugar free. Product type segments encompass cola carbonates, carbonated orange drinks, lemonade and lime, tonic water and mixers, and others. Packaging segments cover glass bottles, metal cans, and plastic bottles. Distribution channel segmentation includes supermarkets and hypermarkets, food and beverages stores, grocery stores, foodservice channels, and others.
Competitive Landscape
The competitive landscape of the carbonated soft drinks market has been analyzed, with a focus on key players such as UAC of Nigeria PLC (UAC), The La Casera Company (TLCC), The Coca-Cola Company, Suntory Holdings Limited, Rite Foods Limited, Primo Water Corporation, PepsiCo Inc., Nichols plc, Monarch Beverage Company, Mamuda Group Nigeria Limited, Imperial Beverages Limited (IBL) and AJE Group.
This report presents an extensive analysis of major entities in the carbonated soft drinks market, focusing on their performance from 2019 to 2023. Findings showcase changes in market share, recognizing both long-standing leaders and new challengers.
Why Buy This Report?
Obtain precise statistical data and forecasts for the Nigeria carbonated soft drinks market.
Gain in-depth analysis and forecasts for the key segments of the Nigeria carbonated soft drinks market: type, product 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 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.
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Table of Contents
TABLE OF CONTENTS
Key Findings
Report Scope
Research Methodology
Market Overview
Nigeria Carbonated Soft Drinks Market – Type Analysis
Nigeria Carbonated Soft Drinks Market – Product Type Analysis
Nigeria Carbonated Soft Drinks Market – Packaging Analysis
Nigeria Carbonated Soft Drinks Market – Distribution Channel Analysis
Key Players and Market Share
– UAC of Nigeria PLC (UAC)
– The La Casera Company (TLCC)
– The Coca-Cola Company
– Suntory Holdings Limited
– Rite Foods Limited
– Primo Water Corporation
– PepsiCo, Inc.
– Nichols plc
– Monarch Beverage Company
…
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 Type, 2019-2029
Chart Nigeria Carbonated Soft Drinks Market by Product Type, CAGR Historic and Forecast, 2019-2029
Chart Nigeria Carbonated Soft Drinks Market by Product Type, 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)
Companies Mentioned
UAC of Nigeria PLC (UAC)
The La Casera Company (TLCC)
The Coca-Cola Company
Suntory Holdings Limited
Rite Foods Limited
Primo Water Corporation
PepsiCo, Inc.
Nichols plc
Monarch Beverage Company
Mamuda Group Nigeria Limited
Imperial Beverages Limited (IBL)
AJE Group