Nigeria Bottled Water Market 2024

Description

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Market Overview

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The bottled water market in Nigeria is projected to rise by USD 34.7 billion by 2029, according to the latest market study results. It is anticipated to expand at a CAGR of 16.3 percent during the forecast period. Concerns over water quality are a significant driver of the market. Despite improvements in water treatment infrastructure, many regions in the country still face unreliable and unsafe tap water due to industrial pollutants, agricultural runoff, and inadequate municipal systems. This situation leads consumers to view bottled water as a safer and more reliable drinking option. With increasing health awareness, more consumers are opting for healthier beverages. Bottled water, often marketed as pure and safe, aligns with the growing preference for healthier lifestyles over sugary drinks.

Urbanization is another critical factor. Rapid urban development has increased the demand for convenient and portable hydration solutions. In bustling urban environments, bottled water is particularly popular due to the need for accessible drinking water on the go. As more consumers can afford premium products, there is a noticeable shift towards high-quality bottled water brands that offer additional health benefits, such as mineral water or water enhanced with vitamins.

Moreover, tourism has also driven the growth of the bottled water market. Tourists, often concerned about local water safety, tend to prefer bottled water. This steady influx of tourists sustains continuous demand.

The report provides a comprehensive overview of the Nigeria bottled water 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 product type, pack type, and distribution channel. By examining these aspects, the report offers valuable insights into the potential of the bottled water industry. Moreover, the report presents statistical information, including market size, market share, growth rate, and forecasts specifically tailored to the bottled water 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.

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Market Segmentation

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The bottled water market in Nigeria is segmented as below:
Product type: still water, sparkling water, and functional and flavored water
Pack type: glass bottles, rigid plastic bottles, and others
Distribution channel: convenience and forecourt stores, supermarkets and hypermarkets, small grocery stores, HoReCa, e-commerce, and others

The Nigeria bottled water market is segmented on the basis of product type, pack type, and distribution channel. On the basis of product type, the bottled water market in Nigeria has been segmented into still water, sparkling water, and functional and flavored water. By pack type, the bottled water market in Nigeria has been segmented into glass bottles, rigid plastic bottles, and others. Based on distribution channel, the bottled water market in Nigeria is categorized into convenience and forecourt stores, supermarkets and hypermarkets, small grocery stores, HoReCa, e-commerce, and others.

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Competitive Landscape

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The Nigeria bottled water market is highly competitive. The leading players in the bottled water market include Artee Industries Limited, CWAY Group, Dangote Industries Limited, Nestle S.A., Paramount Trading & Industries Nigeria Limited (Aquarite), PepsiCo Inc., Ragolis Waters Limited, SABMiller plc, The Coca-Cola Company, UAC of Nigeria PLC (UAC), Viju Industries Nigeria Limited.

The report is an indispensable tool for companies and organizations operating in the bottled water 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 bottled water market.

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Why Buy This Report?

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

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Table of Contents

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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 Bottled Water Market – Product Type Analysis
3.1 Still water
3.2 Sparkling water
3.3 Functional and flavored water
4. Nigeria Bottled Water Market – Pack Type Analysis
4.1 Glass bottles
4.2 Rigid plastic bottles
4.3 Others
5. Nigeria Bottled Water Market – Distribution Channel Analysis
5.1 Convenience and forecourt stores
5.2 Supermarkets and hypermarkets
5.3 Small grocery stores
5.4 HoReCa
5.5 E-commerce
5.6 Others
6. Company Profiles
6.1 Artee Industries Limited
6.2 CWAY Group
6.3 Dangote Industries Limited
6.4 Nestle S.A.
6.5 Paramount Trading & Industries Nigeria Limited (Aquarite)
6.6 PepsiCo, Inc.
6.7 Ragolis Waters Limited
6.8 SABMiller plc
6.9 The Coca-Cola Company
6.10 UAC of Nigeria PLC (UAC)
6.11 Viju Industries Nigeria Limited
DISCLAIMER

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Companies Mentioned

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Artee Industries Limited
CWAY Group
Dangote Industries Limited
Nestle S.A.
Paramount Trading & Industries Nigeria Limited (Aquarite)
PepsiCo, Inc.
Ragolis Waters Limited
SABMiller plc
The Coca-Cola Company
UAC of Nigeria PLC (UAC)
Viju Industries Nigeria Limited

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