Nigeria Cooking and Edible Oils Market 2025

The Nigeria cooking and edible oils market is expected to experience robust growth, with a projected increase of USD 128.4 million and a CAGR of approximately 8.6% throughout the forecast period. In Nigeria, a booming population and a strong culture of home cooking are the dominant forces propelling edible oil consumption. Traditional dishes such as jollof rice, egusi soup, and fried plantains necessitate generous oil usage, with food preparation remaining largely home-based across both rural and urban geographies. Large household sizes and a frequent need to cook in bulk amplify this pattern, supporting steady volume demand even amid inflationary pressures.

Consumer sophistication is rising in parallel with urban expansion and income growth in key cities like Lagos and Abuja. There is growing interest in branded, well-packaged oils that signal safety, consistency, and traceability. While price continues to shape the lower-income segment, middle-class families are beginning to gravitate toward oils with health positioning and regulatory assurances. Awareness campaigns related to cardiovascular health and food safety are reshaping perceptions, slowly pushing the market toward segmentation between commoditized bulk oil and value-added offerings aimed at wellness-oriented buyers.

This report provides a comprehensive analysis of the Nigeria cooking and edible oils market, combining historical data from 2020 to 2024 with forward-looking projections through 2030. It examines market size, growth rates, and key trends, offering a detailed perspective on the industry’s evolution. The analysis is structured across critical dimensions, including product and distribution channel, enabling stakeholders to identify opportunities and make informed strategic decisions.

Market Segmentation

The segmentation of the Nigeria cooking and edible oils market is outlined below:
Product: palm oil, soybean oil, sunflower oil, others
Distribution channel: convenience stores, e-commerce, foodservice channels, hypermarkets, small grocery stores, supermarkets, others

The cooking and edible oils market in Nigeria is segmented based on product and distribution channel. By product, it includes palm oil, soybean oil, sunflower oil, and others. Distribution channel segmentation comprises convenience stores, e-commerce, foodservice channels, hypermarkets, small grocery stores, supermarkets, and others.

Competitive Landscape

Prominent players in the cooking and edible oils market include Affcot Nigeria Plc, Agrolimen SA, Apple & Pears Limited, Flour Mills of Nigeria Plc (FMN), Golden Oil Industries Limited, Groupe Avril, Marico Limited, Neipen Ltd., PZ Cussons Plc, Richardson International Limited, Sun Mark Limited, TGI Distri Limited, Tolaram Group, Transtell Group and UAC of Nigeria PLC (UAC).

This report presents an extensive analysis of major entities in the cooking and edible oils market, focusing on their performance from 2020 to 2024. 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 cooking and edible oils market.
Gain in-depth analysis and forecasts for the key segments of the Nigeria cooking and edible oils market: product and distribution channel.
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Gain deep insights into the dynamics of the Nigeria cooking and edible oils market.
Identify high-potential investment opportunities by targeting growth sectors and emerging trends.
Anticipate the future trajectory of the Nigeria cooking and edible oils 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 Cooking and Edible Oils Market – Product Analysis
Nigeria Cooking and Edible Oils Market – Distribution Channel Analysis
Company Shares Analysis
Affcot Nigeria Plc
Agrolimen SA
Apple & Pears Limited
Flour Mills of Nigeria Plc (FMN)
Golden Oil Industries Limited
Groupe Avril
Marico Limited
Neipen Ltd.
PZ Cussons Plc
…
Macroeconomic Data and Forecast
Research Methodology
Disclaimer

FIGURES AND TABLES
Table Nigeria Cooking and Edible Oils Market 2020-2030
Chart Nigeria Cooking and Edible Oils Market, Net Growth, 2020-2030
Chart Nigeria Cooking and Edible Oils Market, Growth Rates, 2020-2030
Table Nigeria Cooking and Edible Oils Market by Product, 2020-2030
Chart Nigeria Cooking and Edible Oils Market by Product, CAGR Historic and Forecast, 2020-2030
Chart Nigeria Cooking and Edible Oils Market by Product, 2020-2030
Table Nigeria Cooking and Edible Oils Market by Distribution Channel, 2020-2030
Chart Nigeria Cooking and Edible Oils Market by Distribution Channel, CAGR Historic and Forecast, 2020-2030
Chart Nigeria Cooking and Edible Oils Market by Distribution Channel, 2020-2030
Table Nigeria Cooking and Edible Oils Market Share (%), by Companies, 2020-2024
Chart Nigeria Cooking and Edible Oils Market, by Companies, 2024
Table Nigeria Cooking and Edible Oils Market Share (%), by Brands, 2020-2024
Chart Nigeria Cooking and Edible Oils 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 Cooking and Edible Oils Market: Spend as a Proportion of GDP (%)
Table Nigeria Cooking and Edible Oils Market: Consumption per Capita (Population)

Companies Mentioned

Affcot Nigeria Plc
Agrolimen SA
Apple & Pears Limited
Flour Mills of Nigeria Plc (FMN)
Golden Oil Industries Limited
Groupe Avril
Marico Limited
Neipen Ltd.
PZ Cussons Plc
Richardson International Limited
Sun Mark Limited
TGI Distri Limited
Tolaram Group
Transtell Group
UAC of Nigeria PLC (UAC)