The Nigeria confectionery market is set for explosive growth, projected to climb from USD 520.3 million in 2023 to USD 1,307.5 million by 2029, achieving a remarkable CAGR of 16.6% over the 2024-2029 period. Nigeria’s confectionery market is growing, driven by urbanization and a rising middle class. Demand for both local and imported confectionery products is increasing, while modern retail expansion and e-commerce growth are improving product distribution across the country.
This report presents a detailed overview of the Nigeria confectionery industry, including key data on historical market size, growth rates, and future trends. It offers an in-depth analysis of different market segments, paying close attention to factors like product type, packaging type and distribution channel. This detailed analysis supports the identification of growth opportunities within the confectionery industry.
Market Segmentation
The Nigeria confectionery market is structured as follows:
Product type: chocolate, gums, sugar confectionery
Packaging type: flexible packaging, folding cartons, rigid plastic, metal, others
Distribution channel: convenience stores, forecourts, supermarkets and hypermarkets, specialized stores, small grocery stores, foodservice channels, others
The confectionery market in the Nigeria is segmented by product type, packaging type and distribution channel. The categorization of the market by product type includes chocolate, gums, and sugar confectionery. Packaging type segments are divided into flexible packaging, folding cartons, rigid plastic, metal, and others. Distribution channel segments consist of convenience stores, forecourts, supermarkets and hypermarkets, specialized stores, small grocery stores, foodservice channels, and others.
Competitive Landscape
The competitive landscape of the confectionery market features leading companies such as The Procter & Gamble Company (P&G), Sweetco Foods Ltd., Riclan S.A., PT. Rokan Mega Fortuna, PT. Mayora Indah Tbk, Pladis Foods Limited, Perfetti Van Melle Group, Olam Group Limited, Nestle S.A., Mondelez International Inc., Mars Incorporated, Mamuda Foods Nigeria Limited, Ferrero International S.A. and Chocoladefabriken Lindt & Sprungli AG.
The report provides a detailed assessment of prominent companies within the confectionery market, tracking their performance from 2019 to 2023. Insights reveal fluctuations in market share, highlighting both veteran leaders and emerging players.
Why Buy This Report?
Obtain precise statistical data and forecasts for the Nigeria confectionery market.
Gain in-depth analysis and forecasts for the key segments of the Nigeria confectionery market: product type, 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 confectionery market.
Identify high-potential investment opportunities by targeting growth sectors and emerging trends.
Anticipate the future trajectory of the Nigeria confectionery 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 Confectionery Market – Product Type Analysis
Nigeria Confectionery Market – Packaging Type Analysis
Nigeria Confectionery Market – Distribution Channel Analysis
Key Players and Market Share
– The Procter & Gamble Company (P&G)
– Sweetco Foods Ltd.
– Riclan S.A.
– PT. Rokan Mega Fortuna
– PT. Mayora Indah, Tbk
– Pladis Foods Limited
– Perfetti Van Melle Group
– Olam Group Limited
– Nestle S.A.
…
Macroeconomic Data and Forecast
Disclaimer
FIGURES AND TABLES
Table Nigeria Confectionery Market 2019-2029
Chart Nigeria Confectionery Market, Net Growth, 2019-2029
Chart Nigeria Confectionery Market, Growth Rates, 2019-2029
Table Nigeria Confectionery Market by Product Type, 2019-2029
Chart Nigeria Confectionery Market by Product Type, CAGR Historic and Forecast, 2019-2029
Chart Nigeria Confectionery Market by Product Type, 2019-2029
Table Nigeria Confectionery Market by Packaging Type, 2019-2029
Chart Nigeria Confectionery Market by Packaging Type, CAGR Historic and Forecast, 2019-2029
Chart Nigeria Confectionery Market by Packaging Type, 2019-2029
Table Nigeria Confectionery Market by Distribution Channel, 2019-2029
Chart Nigeria Confectionery Market by Distribution Channel, CAGR Historic and Forecast, 2019-2029
Chart Nigeria Confectionery Market by Distribution Channel, 2019-2029
Table Nigeria Confectionery Market Share (%), by Companies, 2019-2023
Chart Nigeria Confectionery Market, by Companies, 2023
Table Nigeria Confectionery Market Share (%), by Brands, 2019-2023
Chart Nigeria Confectionery 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 Confectionery Market: Spend as a Proportion of GDP (%)
Table Nigeria Confectionery Market: Consumption per Capita (Population)
Companies Mentioned
The Procter & Gamble Company (P&G)
Sweetco Foods Ltd.
Riclan S.A.
PT. Rokan Mega Fortuna
PT. Mayora Indah, Tbk
Pladis Foods Limited
Perfetti Van Melle Group
Olam Group Limited
Nestle S.A.
Mondelez International Inc.
Mars, Incorporated
Mamuda Foods Nigeria Limited
Ferrero International S.A.
Chocoladefabriken Lindt & Sprungli AG