Bolstered by favorable market conditions, the Nigeria ice cream sector is anticipated to see a significant rise of USD 66.1 million, marking a CAGR of nearly 15.3% during the forecast window. Nigeria’s ice cream market is driven by a youthful and rapidly urbanizing population, leading to higher demand for indulgent and affordable treats. Traditional and local flavors dominate, but there is a growing interest in premium products among middle-class consumers. The development of modern retail infrastructure is enhancing the distribution of ice cream across urban centers.
The report provides a comprehensive analysis of the Nigeria ice cream 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 type, product type, ingredient and distribution channel. The insights gained from this evaluation help reveal the growth potential within the ice cream sector.
Market Segmentation
The segmentation of the Nigeria ice cream market is outlined below:
Type: dairy ice cream, others
Product type: frozen yoghurt, impulse ice creams, take-home ice creams
Ingredient: fats and oils, milk, sweeteners, others
Distribution channel: supermarkets and hypermarkets, grocery stores, foodservice channels, others
The Nigeria ice cream market is segmented by type, product type, ingredient and distribution channel. The categorization of the market by type includes dairy ice cream, and others. Product type segments are divided into frozen yoghurt, impulse ice creams, and take-home ice creams. Ingredient segments cover fats and oils, milk, sweeteners, and others. Distribution channel segmentation includes supermarkets and hypermarkets, grocery stores, foodservice channels, and others.
Competitive Landscape
The market features leading players such as 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 and Danone S.A. This report presents an extensive analysis of major entities in the ice cream 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 ice cream market.
Gain in-depth analysis and forecasts for the key segments of the Nigeria ice cream market: type, product type, ingredient 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 ice cream market.
Identify high-potential investment opportunities by targeting growth sectors and emerging trends.
Anticipate the future trajectory of the Nigeria ice cream market with informed projections.
Assess the competitive landscape to determine the ideal timing for capitalizing on market opportunities.
A single unlimited user license within the same organization, with no additional charges for extra users.
Table of Contents
TABLE OF CONTENTS
Key Findings
Report Scope
Research Methodology
Market Overview
Nigeria Ice Cream Market – Type Analysis
Nigeria Ice Cream Market – Product Type Analysis
Nigeria Ice Cream Market – Ingredient Analysis
Nigeria Ice Cream Market – Distribution Channel Analysis
Key Players and Market Share
– 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.
Macroeconomic Data and Forecast
Disclaimer
FIGURES AND TABLES
Table Nigeria Ice Cream Market 2019-2029
Chart Nigeria Ice Cream Market, Net Growth, 2019-2029
Chart Nigeria Ice Cream Market, Growth Rates, 2019-2029
Table Nigeria Ice Cream Market by Type, 2019-2029
Chart Nigeria Ice Cream Market by Type, CAGR Historic and Forecast, 2019-2029
Chart Nigeria Ice Cream Market by Type, 2019-2029
Table Nigeria Ice Cream Market by Product Type, 2019-2029
Chart Nigeria Ice Cream Market by Product Type, CAGR Historic and Forecast, 2019-2029
Chart Nigeria Ice Cream Market by Product Type, 2019-2029
Table Nigeria Ice Cream Market by Ingredient, 2019-2029
Chart Nigeria Ice Cream Market by Ingredient, CAGR Historic and Forecast, 2019-2029
Chart Nigeria Ice Cream Market by Ingredient, 2019-2029
Table Nigeria Ice Cream Market by Distribution Channel, 2019-2029
Chart Nigeria Ice Cream Market by Distribution Channel, CAGR Historic and Forecast, 2019-2029
Chart Nigeria Ice Cream Market by Distribution Channel, 2019-2029
Table Nigeria Ice Cream Market Share (%), by Companies, 2019-2023
Chart Nigeria Ice Cream Market, by Companies, 2023
Table Nigeria Ice Cream Market Share (%), by Brands, 2019-2023
Chart Nigeria Ice Cream 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 Ice Cream Market: Spend as a Proportion of GDP (%)
Table Nigeria Ice Cream Market: Consumption per Capita (Population)
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.