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Nigeria Chocolate Confectionery Market 2025
$425.00
The market for chocolate confectionery is set for moderate growth, with projections indicating an increase of USD 17.8 million and a CAGR nearing 8.5% over the forecast period. Nigeria’s chocolate confectionery market is growing, driven by a rising middle class and increasing urbanization. As consumer purchasing power rises, there is an increased demand for premium chocolates, both locally produced and imported. The culture of gifting chocolates during holidays, such as Christmas and Eid, plays a major role in driving seasonal demand, while growing retail and online sales channels further support market expansion.
This report delivers a deep dive into the Nigeria chocolate confectionery market, combining historical performance data from 2020 to 2024 with forward-looking projections through 2030. It uncovers critical insights into market size, growth rates, and key trends, providing a clear view of the industry’s evolution. By breaking down the market across product type, type and distribution channel, the report identifies actionable opportunities for stakeholders to drive growth and outperform competitors.
Market Segmentation
The segmentation of the Nigeria chocolate confectionery market is outlined below:
Product type: boxed chocolates, countlines, pouches and bags, tablets
Type: regular, sugar-free
Distribution channel: convenience stores, forecourt stores, supermarkets and hypermarkets, food and drinks stores, grocery stores, others
The chocolate confectionery market in the Nigeria is segmented by product type, type and distribution channel. By product type, the market is categorized into boxed chocolates, countlines, pouches and bags, and tablets. Type segments are divided into regular, and sugar-free. Distribution channel segmentation comprises convenience stores, forecourt stores, supermarkets and hypermarkets, food and drinks stores, grocery stores, and others.
Competitive Landscape
The competitive landscape of the chocolate confectionery industry has been thoroughly analyzed, highlighting key players such as Simsek Biscuit & Food Inc. Co., Nestle S.A., Mondelez International Inc., Mars Incorporated, Honipod Nigeria Ltd., Elvan Gida San ve Tic AS and Chocoladefabriken Lindt & Sprungli AG. This report presents an extensive analysis of major entities in the chocolate confectionery market, focusing on their performance from 2020 to 2024. 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 chocolate confectionery market.
Gain in-depth analysis and forecasts for the key segments of the Nigeria chocolate confectionery market: product type, type 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 chocolate confectionery market.
Identify high-potential investment opportunities by targeting growth sectors and emerging trends.
Anticipate the future trajectory of the Nigeria chocolate confectionery 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 Chocolate Confectionery Market – Product Type Analysis
Nigeria Chocolate Confectionery Market – Type Analysis
Nigeria Chocolate Confectionery Market – Distribution Channel Analysis
Company Shares Analysis
Simsek Biscuit & Food Inc. Co.
Nestle S.A.
Mondelez International Inc.
Mars, Incorporated
Honipod Nigeria Ltd.
Elvan Gida San ve Tic AS
Chocoladefabriken Lindt & Sprungli AG
Macroeconomic Data and Forecast
Research Methodology
Disclaimer
FIGURES AND TABLES
Table Nigeria Chocolate Confectionery Market 2020-2030
Chart Nigeria Chocolate Confectionery Market, Net Growth, 2020-2030
Chart Nigeria Chocolate Confectionery Market, Growth Rates, 2020-2030
Table Nigeria Chocolate Confectionery Market by Product Type, 2020-2030
Chart Nigeria Chocolate Confectionery Market by Product Type, CAGR Historic and Forecast, 2020-2030
Chart Nigeria Chocolate Confectionery Market by Product Type, 2020-2030
Table Nigeria Chocolate Confectionery Market by Type, 2020-2030
Chart Nigeria Chocolate Confectionery Market by Type, CAGR Historic and Forecast, 2020-2030
Chart Nigeria Chocolate Confectionery Market by Type, 2020-2030
Table Nigeria Chocolate Confectionery Market by Distribution Channel, 2020-2030
Chart Nigeria Chocolate Confectionery Market by Distribution Channel, CAGR Historic and Forecast, 2020-2030
Chart Nigeria Chocolate Confectionery Market by Distribution Channel, 2020-2030
Table Nigeria Chocolate Confectionery Market Share (%), by Companies, 2020-2024
Chart Nigeria Chocolate Confectionery Market, by Companies, 2024
Table Nigeria Chocolate Confectionery Market Share (%), by Brands, 2020-2024
Chart Nigeria Chocolate Confectionery 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 Chocolate Confectionery Market: Spend as a Proportion of GDP (%)
Table Nigeria Chocolate Confectionery Market: Consumption per Capita (Population)
Companies Mentioned
Simsek Biscuit & Food Inc. Co.
Nestle S.A.
Mondelez International Inc.
Mars, Incorporated
Honipod Nigeria Ltd.
Elvan Gida San ve Tic AS
Chocoladefabriken Lindt & Sprungli AG
| Product Type | Market Research |
|---|---|
| Region | Middle East and Africa |
| Published Date | 2025 |
What’s Inside?
→ Market Estimates, Forecasts & Historical Data
→ Critical Performance Data and Rankings
→ Emerging Trends, Market Changes
→ PDF Report and Excel Datasheet
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