Nigeria Wine Market 2024

Description

According to the latest research, the wine market in Nigeria is poised to grow by USD 835.1 million during 2024-2029, progressing at a CAGR of 18.9% during the forecast period. The expansion of the middle class in Nigeria has resulted in higher spending power and a greater demand for premium and imported wines. Younger consumers in Nigeria are showing an increased interest in wine, favoring it over traditional alcoholic beverages. This demographic shift is driving demand for innovative and diverse wine products.

This report provides a thorough assessment of the Nigeria wine industry, presenting key market data including historical performance, growth trends, and future outlooks. It delves into various market segments and sub-segments, with a focus on important factors like product, and distribution channel. Through this detailed assessment, the report helps uncover the growth potential of the wine industry.

Market Segmentation

The wine market in Nigeria is categorized into the following segments:
Product: fortified wine, non-grape wine, sparkling wine, still wine, others
Distribution channel: convenience stores, supermarkets and hypermarkets, specialty stores, small grocery stores, foodservice channels, e-commerce, others

The Nigeria wine market is segmented on the basis of product, and distribution channel. On the basis of product, the wine market in Nigeria has been segmented into fortified wine, non-grape wine, sparkling wine, still wine, and others. By distribution channel, the wine market in Nigeria has been segmented into convenience stores, supermarkets and hypermarkets, specialty stores, small grocery stores, foodservice channels, e-commerce, and others.

Competitive Landscape

The Nigeria wine market is highly competitive. The wine market is dominated by key players, which are Intercontinental Distillers Limited, Chas. E. Ramson Limited, Distell Group Limited, Sun Mark Limited, E. & J. Gallo Winery, J Garcia Carrion S.A., Vicente Gandia Pla S.A., Barton & Guestier SA, Van Loveren Wines, Accolade Wines Limited, Les Grands Chais De France, House of J.C. le Roux Ltd., Baron Philippe de Rothschild S.A., FCP Asconi SRL, Capel Vinos S.A.

This report provides a comprehensive analysis of the key players in the Nigeria wine market, along with their performance from 2019 to 2023. By utilizing this data, businesses can gain a deeper understanding of market dynamics, including shifts in market share, the identification of leading players, and the rise of emerging companies. This information equips firms with a strategic advantage in a competitive landscape, enabling them to refine their market strategies and make informed, long-term decisions.

Why Buy This Report?

Obtain precise statistical data and forecasts for the Nigeria wine market.
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.

Table of Contents

TABLE OF CONTENTS
Key findings
Report scope
Research methodology
Market overviewNigeria wine market – product analysis
Nigeria wine market – distribution channel analysis
Key players and market share
– Intercontinental Distillers Limited
– Chas. E. Ramson Limited
– Distell Group Limited
– Sun Mark Limited
– E. & J. Gallo Winery
…
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, 2019-2029
Chart Nigeria wine market by product, CAGR historic and forecast, 2019-2029
Chart Nigeria wine market by product, 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)