The Nigeria soft drinks market is on track for a substantial increase of USD 16.0 billion, indicating a compound annual growth rate (CAGR) of roughly 8.9% during the forecast period from 2024 to 2029. Nigeria’s soft drinks market is growing rapidly, driven by a large and youthful population, increasing urbanization, and rising disposable incomes. The demand for carbonated beverages, bottled water, and fruit juices is strong, with a noticeable shift towards healthier, functional beverages such as low-sugar, sugar-free, and energy drinks. The growth of modern retail outlets, along with the rise of e-commerce platforms, is further enhancing consumer access to a wider range of soft drinks, including international and premium brands, fueling overall market growth.
The report delivers an in-depth analysis of the Nigeria soft drinks industry, offering extensive market data such as historical market size, growth trajectories, and forward-looking projections. It thoroughly examines key market categories and subcategories, emphasizing critical elements like product type, type, packaging and distribution channel. By offering this detailed analysis, the report assists in uncovering the untapped potential of the soft drinks market.
Market Segmentation
The following outlines the segmentation of the Nigeria soft drinks market:
Product type: bottled water, carbonated soft drinks, concentrates, juices, RTD tea, energy drinks, sports drinks
Type: regular, low- and no-sugar soft drinks
Packaging: flexible packaging, glass bottles, liquid cartons, metal cans, plastic bottles, others
Distribution channel: supermarkets and hypermarkets, food and drinks stores, grocery stores, bars and HoReCa, others
The soft drinks market in Nigeria is segmented based on product type, type, packaging and distribution channel. In terms of product type, the market is segmented into bottled water, carbonated soft drinks, concentrates, juices, RTD tea, energy drinks, and sports drinks. Type segmentation includes regular, and low- and no-sugar soft drinks. Packaging segments are categorized into flexible packaging, glass bottles, liquid cartons, metal cans, plastic bottles, and others. Distribution channel segmentation includes supermarkets and hypermarkets, food and drinks stores, grocery stores, bars and HoReCa, and others.
Competitive Landscape
Key players dominating the soft drinks market include Viju Industries Nigeria Limited, UAC of Nigeria PLC (UAC), The La Casera Company (TLCC), The Coca-Cola Company, Suntory Holdings Limited, Rite Foods Limited, PepsiCo Inc., Paramount Trading & Industries Nigeria Limited (Aquarite), Nestle S.A. and Artee Industries Limited.
This report delivers an in-depth examination of leading companies in the soft drinks sector, analyzing their performance from 2019 to 2023. The results indicate changes in market share, emphasizing both established leaders and new entrants.
Why Buy This Report?
Obtain precise statistical data and forecasts for the Nigeria soft drinks market.
Gain in-depth analysis and forecasts for the key segments of the Nigeria soft drinks market: product type, 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 soft drinks market.
Identify high-potential investment opportunities by targeting growth sectors and emerging trends.
Anticipate the future trajectory of the Nigeria 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 Soft Drinks Market – Product Type Analysis
Nigeria Soft Drinks Market – Type Analysis
Nigeria Soft Drinks Market – Packaging Analysis
Nigeria Soft Drinks Market – Distribution Channel Analysis
Key Players and Market Share
– Viju Industries Nigeria Limited
– UAC of Nigeria PLC (UAC)
– The La Casera Company (TLCC)
– The Coca-Cola Company
– Suntory Holdings Limited
– Rite Foods Limited
– PepsiCo, Inc.
– Paramount Trading & Industries Nigeria Limited (Aquarite)
– Nestle S.A.
…
Macroeconomic Data and Forecast
Disclaimer
FIGURES AND TABLES
Table Nigeria Soft Drinks Market 2019-2029
Chart Nigeria Soft Drinks Market, Net Growth, 2019-2029
Chart Nigeria Soft Drinks Market, Growth Rates, 2019-2029
Table Nigeria Soft Drinks Market by Product Type, 2019-2029
Chart Nigeria Soft Drinks Market by Product Type, CAGR Historic and Forecast, 2019-2029
Chart Nigeria Soft Drinks Market by Product Type, 2019-2029
Table Nigeria Soft Drinks Market by Type, 2019-2029
Chart Nigeria Soft Drinks Market by Type, CAGR Historic and Forecast, 2019-2029
Chart Nigeria Soft Drinks Market by Type, 2019-2029
Table Nigeria Soft Drinks Market by Packaging, 2019-2029
Chart Nigeria Soft Drinks Market by Packaging, CAGR Historic and Forecast, 2019-2029
Chart Nigeria Soft Drinks Market by Packaging, 2019-2029
Table Nigeria Soft Drinks Market by Distribution Channel, 2019-2029
Chart Nigeria Soft Drinks Market by Distribution Channel, CAGR Historic and Forecast, 2019-2029
Chart Nigeria Soft Drinks Market by Distribution Channel, 2019-2029
Table Nigeria Soft Drinks Market Share (%), by Companies, 2019-2023
Chart Nigeria Soft Drinks Market, by Companies, 2023
Table Nigeria Soft Drinks Market Share (%), by Brands, 2019-2023
Chart Nigeria 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 Soft Drinks Market: Spend as a Proportion of GDP (%)
Table Nigeria Soft Drinks Market: Consumption per Capita (Population)
Companies Mentioned
Viju Industries Nigeria Limited
UAC of Nigeria PLC (UAC)
The La Casera Company (TLCC)
The Coca-Cola Company
Suntory Holdings Limited
Rite Foods Limited
PepsiCo, Inc.
Paramount Trading & Industries Nigeria Limited (Aquarite)
Nestle S.A.
Artee Industries Limited