As the economic recovery gains traction and price stability is restored, chocolate confectionery market in Nigeria is projected to witness a robust rebound starting in 2024. This resurgence in demand is likely to be fuelled by expanding disposable incomes, coupled with an escalating urban populace with a growing taste for more refined snack options.
Nigeria’s rapidly expanding young population, particularly children and teenagers, over the forecast period is set to bolster demand for chocolate confectionery. The novelty of chocolate confectionery serves as an attractive alternative for these younger consumers who are looking for innovative substitutes to sugar confectionery and sweet biscuits.
Local producers in both premium and mass market segments are poised to widen their product portfolios and increase competition within chocolate confectionery in Nigeria. This competitive dynamism is expected to stimulate demand further.
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Understand the latest market trends and future growth opportunities for the Chocolate Confectionery 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.
Data and analysis in this report provides further detailed coverage dedicated to a comprehensive range of core packaged food categories.
If you're in the Chocolate Confectionery 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.
This is the aggregation of tablets, countlines, chocolate pouches and bags, boxed assortments, seasonal chocolate, chocolate with toys, and other chocolate confectionery. Nuts and fruits covered in chocolate are included in this category. Note that chocolate overtly positioned for baking/cooking purposes is excluded from Euromonitor International's confectionery coverage.See All of Our Definitions
This report originates from Passport, our Chocolate Confectionery research and analysis database.
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