Market Overview

According to the latest estimates, the ice cream market in Nigeria is set to achieve an incremental growth of USD 36.7 million, accelerating at a CAGR of almost 14.1% during the forecast period 2024-2029. The rise in per capita income has led to increased consumer expenditure on discretionary products like ice cream. Economic stability encourages consumers to spend more on non-essential items. Ice cream brands have also significantly enhanced product visibility and consumer interest through robust marketing and promotional campaigns. Leading brands have made substantial investments in marketing initiatives, including digital marketing, influencer partnerships, and community engagement events, with a strong focus on attracting younger consumers.

The report provides a comprehensive overview of the Nigeria ice cream industry, covering a study of the key players operating in the market. It includes an analysis of market segments and sub-segments, taking into consideration factors such as type, product type, ingredient, and distribution channel. By examining these aspects, the report offers valuable insights into the potential of the ice cream industry. Moreover, the report presents statistical information, including market size, market share, growth rate, and forecasts specifically tailored to the ice cream industry. This data-driven analysis equips industry professionals with the necessary information to assess the current market landscape, make well-informed decisions, and identify growth opportunities within the sector.

Market Segmentation

The ice cream market in Nigeria is segmented as below:
Type: dairy ice cream, water ice cream, and others (plant based ice cream)
Product type: impulse ice creams, take home ice creams, frozen yogurt, and others
Ingredient: fats and oils, milk, sweeteners, and others
Distribution channel: foodservice channels, supermarkets and hypermarkets, small grocery stores, and others

The Nigeria ice cream market is segmented on the basis of type, product type, ingredient, and distribution channel. On the basis of type, the ice cream market in Nigeria has been segmented into dairy ice cream, water ice cream, and others (plant based ice cream). By product type, the ice cream market in Nigeria has been segmented into impulse ice creams, take home ice creams, frozen yogurt, and others. Based on ingredient, the ice cream market in Nigeria is categorized into fats and oils, milk, sweeteners, and others. On the basis of distribution channel, the ice cream market in Nigeria has been segmented into foodservice channels, supermarkets and hypermarkets, small grocery stores, and others.

Competitive Landscape

The key players in the ice cream market include UAC Foods Limited (UAC of Nigeria PLC), Solina Group Nigeria (Solina Delight), Provita Vitaforce Foods Nigeria Limited, Melting Moments Dairy Limited, L & Z Integrated Farms Limited, Danone S.A.

The report is an indispensable tool for companies and organizations operating in the ice cream industry. It offers a comprehensive overview of the market, empowering industry executives, policy makers, academics, and analysts to make well-informed decisions. The report provides valuable insights and analysis, presenting a cohesive and detailed perspective on the ice cream market.

Why Buy This Report?

Provide statistical data or estimations for the Nigeria ice cream market
Formulate regional strategies and determine strategic priorities based on local data analysis
Gain a comprehensive understanding of the ice cream market in Nigeria
Identify promising investment opportunities by pinpointing growth sectors and emerging trends
Understand what the future of the ice cream market in Nigeria looks like
Analyze the competitive landscape and identify the optimal timing for seizing opportunities

Table of Contents

TABLE OF CONTENTS
FIGURES AND TABLES
1. Scope and Methodology
1.1 Key Findings
1.2 Report Scope
1.3 Research Methodology
2. Market Overview
3. Nigeria Ice Cream Market – Type Analysis
3.1 Dairy ice cream
3.2 Water ice cream
3.3 Others (plant based ice cream)
4. Nigeria Ice Cream Market – Product Type Analysis
4.1 Impulse ice creams
4.2 Take home ice creams
4.3 Frozen yogurt
4.4 Others
5. Nigeria Ice Cream Market – Ingredient Analysis
5.1 Fats and oils
5.2 Milk
5.3 Sweeteners
5.4 Others
6. Nigeria Ice Cream Market – Distribution Channel Analysis
6.1 Foodservice channels
6.2 Supermarkets and hypermarkets
6.3 Small grocery stores
6.4 Others
7. Company Profiles
7.1 UAC Foods Limited (UAC of Nigeria PLC)
7.2 Solina Group Nigeria (Solina Delight)
7.3 Provita Vitaforce Foods Nigeria Limited
7.4 Melting Moments Dairy Limited
7.5 L & Z Integrated Farms Limited
7.6 Danone S.A.
DISCLAIMER

Companies Mentioned

UAC Foods Limited (UAC of Nigeria PLC)
Solina Group Nigeria (Solina Delight)
Provita Vitaforce Foods Nigeria Limited
Melting Moments Dairy Limited
L & Z Integrated Farms Limited
Danone S.A.