Nigeria Carbonated Soft Drinks Market 2024

$ 250

Description


Market Overview

According to the latest research, the carbonated soft drinks market in Nigeria is poised to grow by USD 2.8 billion during 2024-2029, progressing at a CAGR of 11.6% during the forecast period. The burgeoning carbonated soft drink (CSD) market in Nigeria is primarily driven by robust economic development and increasing consumer spending power. This economic uplift enables a greater number of consumers to afford non-essential goods, including pleasure-oriented products like carbonated soft drinks.

Carbonated soft drinks offer an appealing combination of refreshing taste and instant gratification, making them highly attractive to a broad spectrum of consumers. This growing demand is particularly notable among the younger demographic, who are not only more open to trying new products but also have a higher propensity to spend on discretionary items. Consequently, major brands are intensifying their efforts in the country through aggressive marketing and strategic distribution to capture this expanding market segment.

The report provides a comprehensive overview of the Nigeria carbonated soft drinks 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, packaging, and distribution channel. By examining these aspects, the report offers valuable insights into the potential of the carbonated soft drinks industry. Moreover, the report presents statistical information, including market size, market share, growth rate, and forecasts specifically tailored to the carbonated soft drinks 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 carbonated soft drinks market in Nigeria is segmented as below:
Type: regular, and reduced sugar/sugar-free
Product: colas, carbonated orange drinks, lemonade and lime, tonic water and mixers, and others
Packaging: glass bottles, metal cans, and plastic bottles
Distribution channel: convenience stores, supermarkets and hypermarkets, small grocery stores, e-commerce, foodservice channels, and others

The Nigeria carbonated soft drinks market is segmented on the basis of type, product, packaging, and distribution channel. On the basis of type, the carbonated soft drinks market in Nigeria has been segmented into regular, and reduced sugar/sugar-free. By product, the carbonated soft drinks market in Nigeria has been segmented into colas, carbonated orange drinks, lemonade and lime, tonic water and mixers, and others. Based on packaging, the carbonated soft drinks market in Nigeria is categorized into glass bottles, metal cans, and plastic bottles. On the basis of distribution channel, the carbonated soft drinks market in Nigeria has been segmented into convenience stores, supermarkets and hypermarkets, small grocery stores, e-commerce, foodservice channels, and others.


Competitive Landscape

The Nigeria carbonated soft drinks market is highly competitive. The leading players in the carbonated soft drinks market include AJE Group, Diageo plc, Mamuda Group Nigeria Limited, Nichols plc, PepsiCo Inc., Primo Water Corporation, Rite Foods Limited, Suntory Holdings Limited, The Coca-Cola Company, The La Casera Company (TLCC), UAC of Nigeria PLC (UAC).

The report is an indispensable tool for companies and organizations operating in the carbonated soft drinks 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 carbonated soft drinks market.


Why Buy This Report?

Provide statistical data or estimations for the Nigeria carbonated soft drinks market
Formulate regional strategies and determine strategic priorities based on local data analysis
Gain a comprehensive understanding of the carbonated soft drinks market in Nigeria
Identify promising investment opportunities by pinpointing growth sectors and emerging trends
Understand what the future of the carbonated soft drinks 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 Carbonated Soft Drinks Market – Type Analysis
3.1 Regular
3.2 Reduced sugar/sugar-free
4. Nigeria Carbonated Soft Drinks Market – Product Analysis
4.1 Colas
4.2 Carbonated orange drinks
4.3 Lemonade and lime
4.4 Tonic water and mixers
4.5 Others
5. Nigeria Carbonated Soft Drinks Market – Packaging Analysis
5.1 Glass bottles
5.2 Metal cans
5.3 Plastic bottles
6. Nigeria Carbonated Soft Drinks Market – Distribution Channel Analysis
6.1 Convenience stores
6.2 Supermarkets and hypermarkets
6.3 Small grocery stores
6.4 E-commerce
6.5 Foodservice channels
6.6 Others
7. Company Profiles
7.1 AJE Group
7.2 Diageo plc
7.3 Mamuda Group Nigeria Limited
7.4 Nichols plc
7.5 PepsiCo, Inc.
7.6 Primo Water Corporation
7.7 Rite Foods Limited
7.8 Suntory Holdings Limited
7.9 The Coca-Cola Company
7.10 The La Casera Company (TLCC)
7.11 UAC of Nigeria PLC (UAC)
DISCLAIMER


Companies Mentioned

AJE Group
Diageo plc
Mamuda Group Nigeria Limited
Nichols plc
PepsiCo, Inc.
Primo Water Corporation
Rite Foods Limited
Suntory Holdings Limited
The Coca-Cola Company
The La Casera Company (TLCC)
UAC of Nigeria PLC (UAC)


Additional information

Product Type

Industry Statistics

Release Date

May 2024

Base Year

2023

Forecast Period

2024-2029

Market Size

USD 3.5 billion in 2023

Market Segments

Type, Product, Packaging, Distribution Channel

Region

Nigeria

No. of Companies Mentioned

11