Nigeria Soft Drinks Market 2025

Marked by strong momentum, the Nigeria soft drinks market is set to experience significant growth, adding USD 8.3 billion by 2030 and achieving an impressive CAGR of nearly 10.1%. 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 aims to deliver comprehensive data on the Nigeria soft drinks market, covering annual market size and growth rates over the past six years, along with projections through 2030. It provides an in-depth analysis of market categories and subcategories, with a particular focus on evolving trends by product type, type, packaging and distribution channel.

Market Segmentation

The Nigeria soft drinks market is classified into the following segments:
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: food and drinks stores, forecourts, hypermarkets, small grocery stores, supermarkets, others

The segmentation of the Nigeria soft drinks market 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 segments encompass regular, and low- and no-sugar soft drinks. Packaging segments comprise flexible packaging, glass bottles, liquid cartons, metal cans, plastic bottles, and others. Distribution channel segmentation comprises food and drinks stores, forecourts, hypermarkets, small grocery stores, supermarkets, and others.

Competitive Landscape

The competitive landscape of the soft drinks industry has been thoroughly analyzed, highlighting key players such as Artee Industries Limited, CWAY Group, Mamuda Group Nigeria Limited, Nestle S.A., Paramount Trading & Industries Nigeria Limited (Aquarite), PepsiCo Inc., Rite Foods Limited, Suntory Holdings Limited, The Coca-Cola Company, The La Casera Company (TLCC), UAC of Nigeria PLC (UAC) and Viju Industries Nigeria Limited.

This analysis offers a comprehensive overview of the main players in the soft drinks market, evaluating their performance trends from 2020 to 2024. Key findings illustrate shifts in market share, identifying both dominant firms and rising competitors.

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.
A single unlimited user license within the same organization, with no additional charges for extra users.

Table of Contents

TABLE OF CONTENTS
Key Findings
Market Segmentation
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
Company Shares Analysis
Artee Industries Limited
CWAY Group
Mamuda Group Nigeria Limited
Nestle S.A.
Paramount Trading & Industries Nigeria Limited (Aquarite)
PepsiCo, Inc.
Rite Foods Limited
Suntory Holdings Limited
The Coca-Cola Company
…
Macroeconomic Data and Forecast
Research Methodology
Disclaimer

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

Companies Mentioned

Artee Industries Limited
CWAY Group
Mamuda Group Nigeria Limited
Nestle S.A.
Paramount Trading & Industries Nigeria Limited (Aquarite)
PepsiCo, Inc.
Rite Foods Limited
Suntory Holdings Limited
The Coca-Cola Company
The La Casera Company (TLCC)
UAC of Nigeria PLC (UAC)
Viju Industries Nigeria Limited