Nigeria Wine Market 2024

Description

Anticipated trends indicate that the Nigeria wine market will achieve incremental growth of USD 252.3 million, translating to a compound annual growth rate (CAGR) of around 8.9% during the forecast period of 2024 to 2029. Nigeria’s wine market is seeing steady growth, largely fueled by a growing middle class and increased urbanization. As incomes rise and living standards improve, there is a greater appetite for premium alcoholic beverages, and wine is increasingly seen as a symbol of sophistication. The market is also benefiting from Nigeria’s expanding hospitality industry, with more wine bars, restaurants, and hotels offering diverse wine selections. Additionally, the influence of global wine culture, through social media and exposure to international wine trends, is helping to shift consumer preferences toward wine, particularly among younger, affluent Nigerians.

The report offers a comprehensive evaluation of the Nigeria wine 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, pricing, packaging and distribution channel. This comprehensive evaluation aids in identifying the growth potential within the wine industry.

Market Segmentation

The Nigeria wine market is classified into the following segments:
Product type: fortified wine, sparkling wine (champagne, others), still wine (still red wine, still rosé wine, still white wine), non-alcoholic wine
Pricing: mass, mid-priced, premium
Packaging: glass, metal, others
Distribution channel: supermarkets and hypermarkets, food and drinks stores, grocery stores, bars and HoReCa, e-commerce, others

The wine market in Nigeria is segmented based on product type, pricing, packaging and distribution channel. The categorization of the market by product type includes fortified wine, sparkling wine (champagne, others), still wine (still red wine, still rosé wine, still white wine), and non-alcoholic wine. Pricing segmentation includes mass, mid-priced, and premium. Packaging segments comprise glass, metal, and others. Distribution channel segmentation includes supermarkets and hypermarkets, food and drinks stores, grocery stores, bars and HoReCa, e-commerce, and others.

Competitive Landscape

Leading companies in the wine market include Vina Concha Y Toro S.A., Vicente Gandia Pla S.A., Van Loveren Wines, Sun Mark Limited, Pink Lady Cider Co., LVMH Moet Hennessy Louis Vuitton SA (LVMH), Les Grands Chais De France, J Garcia Carrion S.A., Intercontinental Distillers Limited, House of J.C. le Roux Ltd., Heineken N.V., FCP Asconi SRL, E. & J. Gallo Winery, Chas. E. Ramson Limited, Capel Vinos S.A., Bersano & Riccadonna S.p.A., Barton & Guestier SA, Baron Philippe de Rothschild S.A. and Accolade Wines Limited.

This analysis offers a comprehensive overview of the main players in the wine 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 wine market.
Gain in-depth analysis and forecasts for the key segments of the Nigeria wine market: product type, pricing, 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 wine market.
Identify high-potential investment opportunities by targeting growth sectors and emerging trends.
Anticipate the future trajectory of the Nigeria wine 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 Wine Market – Product Type Analysis
Nigeria Wine Market – Pricing Analysis
Nigeria Wine Market – Packaging Analysis
Nigeria Wine Market – Distribution Channel Analysis
Key Players and Market Share
– Vina Concha Y Toro S.A.
– Vicente Gandia Pla S.A.
– Van Loveren Wines
– Sun Mark Limited
– Pink Lady Cider Co.
– LVMH Moet Hennessy Louis Vuitton SA (LVMH)
– Les Grands Chais De France
– J Garcia Carrion S.A.
– Intercontinental Distillers Limited
…
Macroeconomic Data and Forecast
Disclaimer

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

Companies Mentioned

Vina Concha Y Toro S.A.
Vicente Gandia Pla S.A.
Van Loveren Wines
Sun Mark Limited
Pink Lady Cider Co.
LVMH Moet Hennessy Louis Vuitton SA (LVMH)
Les Grands Chais De France
J Garcia Carrion S.A.
Intercontinental Distillers Limited
House of J.C. le Roux Ltd.
Heineken N.V.
FCP Asconi SRL
E. & J. Gallo Winery
Chas. E. Ramson Limited
Capel Vinos, S.A.
Bersano & Riccadonna S.p.A.
Barton & Guestier SA
Baron Philippe de Rothschild S.A.
Accolade Wines Limited