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Cooking Ingredients and Meals in Nigeria

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    Report

  • 47 Pages
  • December 2024
  • Region: Nigeria
  • Euromonitor International
  • ID: 5567592
High inflation in Nigeria, persisting from 2023 into 2024, has significantly impacted the performance of cooking ingredients and meals by severely weakening consumer spending power. While these products are largely essential, many consumers have been compelled to reduce consumption or switch to more affordable alternatives.

The Cooking Ingredients and Meals 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 2019-2023, 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 2028, clearly indicating how the market is expected to change.

Product coverage: Edible Oils, Meals and Soups, Sauces, Dips and Condiments, Sweet Spreads.

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

Why buy this report?

  • Get a detailed picture of the Cooking Ingredients and Meals 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

EXECUTIVE SUMMARY
  • Cooking Ingredients and Meals in 2023: The big picture
  • Key trends in 2023
  • Competitive Landscape
  • Channel developments
  • What next for Cooking Ingredients and Meals?
MARKET DATA
  • Table 1 Sales of Cooking Ingredients and Meals by Category: Volume 2019-2024
  • Table 2 Sales of Cooking Ingredients and Meals by Category: Value 2019-2024
  • Table 3 Sales of Cooking Ingredients and Meals by Category: % Volume Growth 2019-2024
  • Table 4 Sales of Cooking Ingredients and Meals by Category: % Value Growth 2019-2024
  • Table 5 NBO Company Shares of Cooking Ingredients and Meals: % Value 2020-2024
  • Table 6 LBN Brand Shares of Cooking Ingredients and Meals: % Value 2021-2024
  • Table 7 Penetration of Private Label by Category: % Value 2019-2024
  • Table 8 Distribution of Cooking Ingredients and Meals by Format: % Value 2019-2024
  • Table 9 Forecast Sales of Cooking Ingredients and Meals by Category: Volume 2024-2029
  • Table 10 Forecast Sales of Cooking Ingredients and Meals by Category: Value 2024-2029
  • Table 11 Forecast Sales of Cooking Ingredients and Meals by Category: % Volume Growth 2024-2029
  • Table 12 Forecast Sales of Cooking Ingredients and Meals by Category: % Value Growth 2024-2029
DISCLAIMER
SOURCES
  • Summary 1 Research Sources
EDIBLE OILS IN NIGERIAKEY DATA FINDINGS
2024 DEVELOPMENTS
  • Consumer price sensitivity and its effects on the category
  • Performance variations across subcategories
  • Shifting consumer preferences and brand responses
PROSPECTS AND OPPORTUNITIES
  • Challenges and strategic mitigation
  • Opportunities and consumer trends over the forecast period
  • Performance prospects across subcategories
CATEGORY DATA
  • Table 13 Sales of Edible Oils by Category: Volume 2019-2024
  • Table 14 Sales of Edible Oils by Category: Value 2019-2024
  • Table 15 Sales of Edible Oils by Category: % Volume Growth 2019-2024
  • Table 16 Sales of Edible Oils by Category: % Value Growth 2019-2024
  • Table 17 NBO Company Shares of Edible Oils: % Value 2020-2024
  • Table 18 LBN Brand Shares of Edible Oils: % Value 2021-2024
  • Table 19 Distribution of Edible Oils by Format: % Value 2019-2024
  • Table 20 Forecast Sales of Edible Oils by Category: Volume 2024-2029
  • Table 21 Forecast Sales of Edible Oils by Category: Value 2024-2029
  • Table 22 Forecast Sales of Edible Oils by Category: % Volume Growth 2024-2029
  • Table 23 Forecast Sales of Edible Oils by Category: % Value Growth 2024-2029
MEALS AND SOUPS IN NIGERIAKEY DATA FINDINGS
2024 DEVELOPMENTS
  • Economic strain and price sensitivity define category performance
  • Soup maintains marginally better performance over ready meals
  • Limited innovation and rising costs suppress product availability
PROSPECTS AND OPPORTUNITIES
  • Overcoming inflationary challenges through innovation and strategic positioning
  • Opportunities arising from economic recovery and shifting consumer preferences
  • Ready meals positioned for stronger growth, but challenges remain
CATEGORY DATA
  • Table 24 Sales of Meals and Soups by Category: Volume 2019-2024
  • Table 25 Sales of Meals and Soups by Category: Value 2019-2024
  • Table 26 Sales of Meals and Soups by Category: % Volume Growth 2019-2024
  • Table 27 Sales of Meals and Soups by Category: % Value Growth 2019-2024
  • Table 28 Sales of Chilled Ready Meals by Ethnicity: % Value 2019-2024
  • Table 29 Sales of Frozen Ready Meals by Ethnicity: % Value 2019-2024
  • Table 30 Sales of Soup by Leading Flavours: Rankings 2019-2024
  • Table 31 NBO Company Shares of Meals and Soups: % Value 2020-2024
  • Table 32 LBN Brand Shares of Meals and Soups: % Value 2021-2024
  • Table 33 Distribution of Meals and Soups by Format: % Value 2019-2024
  • Table 34 Forecast Sales of Meals and Soups by Category: Volume 2024-2029
  • Table 35 Forecast Sales of Meals and Soups by Category: Value 2024-2029
  • Table 36 Forecast Sales of Meals and Soups by Category: % Volume Growth 2024-2029
  • Table 37 Forecast Sales of Meals and Soups by Category: % Value Growth 2024-2029
SAUCES, DIPS AND CONDIMENTS IN NIGERIAKEY DATA FINDINGS
2024 DEVELOPMENTS
  • Price sensitivity and its influence on consumer behaviour
  • Performance: Leaders and laggards
  • Innovation and competitive strategies
PROSPECTS AND OPPORTUNITIES
  • Mitigating challenges through innovation and diversification
  • Opportunities in urbanisation and evolving consumer preferences
  • Subcategories poised for growth and stability
CATEGORY DATA
  • Table 38 Sales of Sauces, Dips and Condiments by Category: Volume 2019-2024
  • Table 39 Sales of Sauces, Dips and Condiments by Category: Value 2019-2024
  • Table 40 Sales of Sauces, Dips and Condiments by Category: % Volume Growth 2019-2024
  • Table 41 Sales of Sauces, Dips and Condiments by Category: % Value Growth 2019-2024
  • Table 42 Sales of Liquid Recipe Sauces by Type: % Value 2019-2024
  • Table 43 Sales of Other Sauces and Condiments by Type: Rankings 2019-2024
  • Table 44 NBO Company Shares of Sauces, Dips and Condiments: % Value 2020-2024
  • Table 45 LBN Brand Shares of Sauces, Dips and Condiments: % Value 2021-2024
  • Table 46 Distribution of Sauces, Dips and Condiments by Format: % Value 2019-2024
  • Table 47 Forecast Sales of Sauces, Dips and Condiments by Category: Volume 2024-2029
  • Table 48 Forecast Sales of Sauces, Dips and Condiments by Category: Value 2024-2029
  • Table 49 Forecast Sales of Sauces, Dips and Condiments by Category: % Volume Growth 2024-2029
  • Table 50 Forecast Sales of Sauces, Dips and Condiments by Category: % Value Growth 2024-2029
SWEET SPREADS IN NIGERIAKEY DATA FINDINGS
2024 DEVELOPMENTS
  • Price sensitivity and its impact on sweet spreads
  • Chocolate spreads lead the way
  • Emerging trends and product innovations
PROSPECTS AND OPPORTUNITIES
  • Challenges and mitigation strategies
  • Opportunities in economic recovery and consumer trends
  • Projected performance of subcategories
CATEGORY DATA
  • Table 51 Sales of Sweet Spreads by Category: Volume 2019-2024
  • Table 52 Sales of Sweet Spreads by Category: Value 2019-2024
  • Table 53 Sales of Sweet Spreads by Category: % Volume Growth 2019-2024
  • Table 54 Sales of Sweet Spreads by Category: % Value Growth 2019-2024
  • Table 55 Sales of Jams and Preserves by Leading Flavours: Rankings 2019-2024
  • Table 56 NBO Company Shares of Sweet Spreads: % Value 2020-2024
  • Table 57 LBN Brand Shares of Sweet Spreads: % Value 2021-2024
  • Table 58 Distribution of Sweet Spreads by Format: % Value 2019-2024
  • Table 59 Forecast Sales of Sweet Spreads by Category: Volume 2024-2029
  • Table 60 Forecast Sales of Sweet Spreads by Category: Value 2024-2029
  • Table 61 Forecast Sales of Sweet Spreads by Category: % Volume Growth 2024-2029
  • Table 62 Forecast Sales of Sweet Spreads by Category: % Value Growth 2024-2029