Cafés/bars are set to continue to grow during the forecast period, as daily life normalises and population growth also supports value growth. However, as long as inflation continues to rise at price, consumers will be cautious about their spending.
In Nigeria, urbanisation is happening at a rapid rate and the government has several urban development projects ongoing. Private real estate developers are also building compounds throughout the country.
While Nigeria does not have a strong coffee culture, growing exposure to Western lifestyles through the internet, satellite TV and increased international travel has begun to change this. The large and rapidly rising number of millennial consumers, particularly those in formal employment, will increasingly enjoy specialist coffee and tea shops, viewing these as offering an ideal environment for socialising and even working, as many of them provide free Wi-Fi.
Delivery:
Files are delivered directly into your account soon after payment is received and any tax is certification is verified (where applicable).
This report comes in PDF with additional info in Excel included.
Understand the latest market trends and future growth opportunities for the Cafés/Bars industry in Nigeria with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Cafés/Bars industry in Nigeria, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
Cafés/Bars
This category encompasses all establishments where the focus is on drinking (either alcoholic or non-alcoholic beverages). While a wide variety of snacks and full meals are offered, it is not uncommon for consumers to only order a drink. As a general rule, establishments deriving 50% of their income or more from the sale of drinks are included here.
See All of Our DefinitionsThis report originates from Passport, our Cafés/Bars research and analysis database.
If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extraction Free!