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Rice, Pasta and Noodles in Nigeria

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    Report

  • 27 Pages
  • November 2023
  • Region: Nigeria
  • Euromonitor International
  • ID: 3514466
Amid adverse economic conditions, rice, pasta and noodles registered a decline in volume terms in 2023. In particular, relatively high inflation and fuel price hikes limited consumer spending power while unit prices across all brands accelerated. The average unit price for rice, pasta and noodles increased by 30% in 2023, following a 40% increase in 2022.

The Rice, Pasta and Noodles in Nigeria report offers in-depth knowledge of the market at a national level, providing local insight and understanding unavailable elsewhere. In addition to the latest retail sales data 2018-2022, it identifies the leading companies, brands and retail outlets, and assesses the key trends and demographic shifts behind consumer demand and sales growth. How key trends such as health and wellness, sustainability and recovery from the pandemic are shaping the market directly informs our forecasts to 2027, clearly indicating how the market is expected to change.

Product coverage: Noodles, Pasta, Rice.

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

Why buy this report?

  • Get a detailed picture of the Rice, Pasta and Noodles 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.

Table of Contents

RICE, PASTA AND NOODLES IN NIGERIAKEY DATA FINDINGS
2023 DEVELOPMENTS
  • Although considered essential, rice, pasta and noodles sees decline in 2023 due to rising prices
  • Noodles sees positive growth, despite economic fragility
  • Rice is now available in innovative small packs, but faces competition from unpackaged rice
PROSPECTS AND OPPORTUNITIES
  • Growth in urban population to boost forecast performance
  • Noodles set to continue to drive growth due to affordability and convenience
  • Rice will see growth but will continue to face competition from unpackaged rice
CATEGORY DATA
  • Table 1 Sales of Rice, Pasta and Noodles by Category: Volume 2018-2023
  • Table 2 Sales of Rice, Pasta and Noodles by Category: Value 2018-2023
  • Table 3 Sales of Rice, Pasta and Noodles by Category: % Volume Growth 2018-2023
  • Table 4 Sales of Rice, Pasta and Noodles by Category: % Value Growth 2018-2023
  • Table 5 NBO Company Shares of Rice, Pasta and Noodles: % Value 2019-2023
  • Table 6 LBN Brand Shares of Rice, Pasta and Noodles: % Value 2020-2023
  • Table 7 NBO Company Shares of Rice: % Value 2019-2023
  • Table 8 LBN Brand Shares of Rice: % Value 2020-2023
  • Table 9 NBO Company Shares of Pasta: % Value 2019-2023
  • Table 10 LBN Brand Shares of Pasta: % Value 2020-2023
  • Table 11 NBO Company Shares of Noodles: % Value 2019-2023
  • Table 12 LBN Brand Shares of Noodles: % Value 2020-2023
  • Table 13 Distribution of Rice, Pasta and Noodles by Format: % Value 2018-2023
  • Table 14 Distribution of Rice by Format: % Value 2018-2023
  • Table 15 Distribution of Pasta by Format: % Value 2018-2023
  • Table 16 Distribution of Noodles by Format: % Value 2018-2023
  • Table 17 Forecast Sales of Rice, Pasta and Noodles by Category: Volume 2023-2028
  • Table 18 Forecast Sales of Rice, Pasta and Noodles by Category: Value 2023-2028
  • Table 19 Forecast Sales of Rice, Pasta and Noodles by Category: % Volume Growth 2023-2028
  • Table 20 Forecast Sales of Rice, Pasta and Noodles by Category: % Value Growth 2023-2028
STAPLE FOODS IN NIGERIA
EXECUTIVE SUMMARY
  • Staple foods in 2023: The big picture
  • Key trends in 2023
  • Competitive Landscape
  • Channel developments
  • What next for staple foods?
MARKET DATA
  • Table 21 Sales of Staple Foods by Category: Volume 2018-2023
  • Table 22 Sales of Staple Foods by Category: Value 2018-2023
  • Table 23 Sales of Staple Foods by Category: % Volume Growth 2018-2023
  • Table 24 Sales of Staple Foods by Category: % Value Growth 2018-2023
  • Table 25 NBO Company Shares of Staple Foods: % Value 2019-2023
  • Table 26 LBN Brand Shares of Staple Foods: % Value 2020-2023
  • Table 27 Penetration of Private Label by Category: % Value 2018-2023
  • Table 28 Distribution of Staple Foods by Format: % Value 2018-2023
  • Table 29 Forecast Sales of Staple Foods by Category: Volume 2023-2028
  • Table 30 Forecast Sales of Staple Foods by Category: Value 2023-2028
  • Table 31 Forecast Sales of Staple Foods by Category: % Volume Growth 2023-2028
  • Table 32 Forecast Sales of Staple Foods by Category: % Value Growth 2023-2028
DISCLAIMER
SOURCES
  • Summary 1 Research Sources