The Nigeria hot drinks market is set for explosive growth, projected to climb from USD 1,363.6 million in 2023 to USD 3,833.4 million by 2029, achieving a remarkable CAGR of 18.8% over the 2024-2029 period. Nigeria’s hot drinks market is influenced by a growing demand for local coffee varieties and traditional beverages. The increasing interest in specialty products and health-focused hot drinks is further enhancing market dynamics.
The report provides a comprehensive analysis of the Nigeria hot 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 product type, packaging type and distribution channel. The insights gained from this evaluation help reveal the growth potential within the hot drinks sector.
Market Segmentation
The segmentation of the Nigeria hot drinks market is outlined below:
Product type: coffee, tea, chocolate drinks, malted drinks
Packaging type: flexible packaging, glass, metal, paper-based containers, rigid plastic
Distribution channel: supermarkets and hypermarkets, grocery stores, bars & HoReCa, others
The Nigeria market for hot drinks is divided based on product type, packaging type and distribution channel. The categorization of the market by product type includes coffee, tea, chocolate drinks, and malted drinks. Packaging type categories include flexible packaging, glass, metal, paper-based containers, and rigid plastic. Distribution channel segments cover supermarkets and hypermarkets, grocery stores, bars & HoReCa, and others.
Competitive Landscape
Key players dominating the hot drinks market include The Richmond Tea Company Ltd, Royal FrieslandCampina N.V., Qualitea Ceylon (PVT) Ltd., Promasidor (South Africa) (Pty) Ltd., Premium Cocoa Products (Ile-Oluji) Ltd., Nestle S.A., Mondelez International Inc., Lipton Teas and Infusions, Food Empire Holdings Ltd., CCL Products (India) Limited, Associated British Foods plc and Ahmad Tea Ltd.
This report presents an extensive analysis of major entities in the hot 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 hot drinks market.
Gain in-depth analysis and forecasts for the key segments of the Nigeria hot drinks 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 hot drinks market.
Identify high-potential investment opportunities by targeting growth sectors and emerging trends.
Anticipate the future trajectory of the Nigeria hot 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 Hot Drinks Market – Product Type Analysis
Nigeria Hot Drinks Market – Packaging Type Analysis
Nigeria Hot Drinks Market – Distribution Channel Analysis
Key Players and Market Share
– The Richmond Tea Company Ltd
– Royal FrieslandCampina N.V.
– Qualitea Ceylon (PVT) Ltd.
– Promasidor (South Africa) (Pty) Ltd.
– Premium Cocoa Products (Ile-Oluji) Ltd.
– Nestle S.A.
– Mondelez International Inc.
– Lipton Teas and Infusions
– Food Empire Holdings Ltd.
…
Macroeconomic Data and Forecast
Disclaimer
FIGURES AND TABLES
Table Nigeria Hot Drinks Market 2019-2029
Chart Nigeria Hot Drinks Market, Net Growth, 2019-2029
Chart Nigeria Hot Drinks Market, Growth Rates, 2019-2029
Table Nigeria Hot Drinks Market by Product Type, 2019-2029
Chart Nigeria Hot Drinks Market by Product Type, CAGR Historic and Forecast, 2019-2029
Chart Nigeria Hot Drinks Market by Product Type, 2019-2029
Table Nigeria Hot Drinks Market by Packaging Type, 2019-2029
Chart Nigeria Hot Drinks Market by Packaging Type, CAGR Historic and Forecast, 2019-2029
Chart Nigeria Hot Drinks Market by Packaging Type, 2019-2029
Table Nigeria Hot Drinks Market by Distribution Channel, 2019-2029
Chart Nigeria Hot Drinks Market by Distribution Channel, CAGR Historic and Forecast, 2019-2029
Chart Nigeria Hot Drinks Market by Distribution Channel, 2019-2029
Table Nigeria Hot Drinks Market Share (%), by Companies, 2019-2023
Chart Nigeria Hot Drinks Market, by Companies, 2023
Table Nigeria Hot Drinks Market Share (%), by Brands, 2019-2023
Chart Nigeria Hot 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 Hot Drinks Market: Spend as a Proportion of GDP (%)
Table Nigeria Hot Drinks Market: Consumption per Capita (Population)
Companies Mentioned
The Richmond Tea Company Ltd
Royal FrieslandCampina N.V.
Qualitea Ceylon (PVT) Ltd.
Promasidor (South Africa) (Pty) Ltd.
Premium Cocoa Products (Ile-Oluji) Ltd.
Nestle S.A.
Mondelez International Inc.
Lipton Teas and Infusions
Food Empire Holdings Ltd.
CCL Products (India) Limited
Associated British Foods plc
Ahmad Tea Ltd.