Soft Drinks in Nigeria

Soft drinks performed well in 2024 despite the challenging economic conditions in Nigerians characterised by high inflation and strong unit price increases. Retail volume sales increased at a healthy pace in bottled water, carbonates, and energy drinks, with current value sales further boosted by rising average prices. These categories have benefited from their essential nature, but particularly bottled water, which is the main source of clean drinking water in Nigeria.

The Soft Drinks in Nigeria report offers a comprehensive guide to the size and shape of the market at a national level. It provides the latest retail sales data (2019-2023), allowing you to identify the sectors driving growth. It identifies the leading companies, the leading brands and offers strategic analysis of key factors influencing the market - be they legislative, distribution, packaging or pricing issues. Forecasts to 2028 illustrate how the market is set to change.

Product coverage: Asian Speciality Drinks, Bottled Water, Carbonates, Concentrates, Energy Drinks, Juice, RTD Coffee, RTD Tea, Sports Drinks.

Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.

Why buy this report?

• Get a detailed picture of the Soft Drinks market;
• Pinpoint growth sectors and identify factors driving change;
• Understand the competitive environment, the market’s major players and leading brands;
• Use five-year forecasts to assess how the market is predicted to develop.