Nigeria Tea Market 2024

Description

Forecasts highlight a favorable growth outlook for the Nigeria tea market, with a projected increase of USD 119.0 million and a compound annual growth rate (CAGR) close to 6.4% through 2029. Nigeria’s tea market is growing rapidly due to rising health awareness and interest in functional beverages like green and herbal teas. The expansion of retail and online platforms improves access to imported and specialty teas. Urbanization and a young population drive experimentation with premium options.

The report offers a comprehensive evaluation of the Nigeria tea market, presenting crucial data on historical market size, growth patterns, and future projections. It provides a thorough breakdown of market segments and sub-segments, with a focus on key variables such as product type, packaging and distribution channel. This comprehensive evaluation aids in identifying the growth potential within the tea industry.

Market Segmentation

The Nigeria tea market is classified into the following segments:
Product type: black tea, fruit & herbal tea, green tea, others
Packaging: flexible packaging, paper containers, others (glass, metal, etc.)
Distribution channel: supermarkets and hypermarkets, grocery stores, health and beauty stores, foodservice channels, others

The tea market in the Nigeria is segmented by product type, packaging and distribution channel. In terms of product type, the market is segmented into black tea, fruit & herbal tea, green tea, and others. Packaging segments are divided into flexible packaging, paper containers, and others (glass, metal, etc.). Distribution channel segmentation includes supermarkets and hypermarkets, grocery stores, health and beauty stores, foodservice channels, and others.

Competitive Landscape

The competitive landscape of the tea market has been analyzed, with a focus on key players such as Lipton Teas and Infusions, Associated British Foods plc, Promasidor (South Africa) (Pty) Ltd., The Richmond Tea Company Ltd, Qualitea Ceylon (PVT) Ltd. and Ahmad Tea Ltd. This analysis offers a comprehensive overview of the main players in the tea market, evaluating their performance trends from 2019 to 2023. 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 tea market.
Gain in-depth analysis and forecasts for the key segments of the Nigeria tea market: product 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 tea market.
Identify high-potential investment opportunities by targeting growth sectors and emerging trends.
Anticipate the future trajectory of the Nigeria tea 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 Tea Market – Product Type Analysis
Nigeria Tea Market – Packaging Analysis
Nigeria Tea Market – Distribution Channel Analysis
Key Players and Market Share
– Lipton Teas and Infusions
– Associated British Foods plc
– Promasidor (South Africa) (Pty) Ltd.
– The Richmond Tea Company Ltd
– Qualitea Ceylon (PVT) Ltd.
– Ahmad Tea Ltd.
Macroeconomic Data and Forecast
Disclaimer

FIGURES AND TABLES
Table Nigeria Tea Market 2019-2029
Chart Nigeria Tea Market, Net Growth, 2019-2029
Chart Nigeria Tea Market, Growth Rates, 2019-2029
Table Nigeria Tea Market by Product Type, 2019-2029
Chart Nigeria Tea Market by Product Type, CAGR Historic and Forecast, 2019-2029
Chart Nigeria Tea Market by Product Type, 2019-2029
Table Nigeria Tea Market by Packaging, 2019-2029
Chart Nigeria Tea Market by Packaging, CAGR Historic and Forecast, 2019-2029
Chart Nigeria Tea Market by Packaging, 2019-2029
Table Nigeria Tea Market by Distribution Channel, 2019-2029
Chart Nigeria Tea Market by Distribution Channel, CAGR Historic and Forecast, 2019-2029
Chart Nigeria Tea Market by Distribution Channel, 2019-2029
Table Nigeria Tea Market Share (%), by Companies, 2019-2023
Chart Nigeria Tea Market, by Companies, 2023
Table Nigeria Tea Market Share (%), by Brands, 2019-2023
Chart Nigeria Tea 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 Tea Market: Spend as a Proportion of GDP (%)
Table Nigeria Tea Market: Consumption per Capita (Population)

Companies Mentioned

Lipton Teas and Infusions
Associated British Foods plc
Promasidor (South Africa) (Pty) Ltd.
The Richmond Tea Company Ltd
Qualitea Ceylon (PVT) Ltd.
Ahmad Tea Ltd.