Chocolate confectionery is expected to see strong retail volume and value (constant 2022 prices) growth over the forecast period as the economy continues to recover from the 2020 recession. Since 2020, a weak economy and severe depreciation of the local currency has led to high import costs, making prices rise beyond many consumers’ buying power.
More affordable prices are expected to help drive strong growth in retail sales of chocolate confectionery. The high unit price growth since 2020 spurred new players to enter the category to offer more affordable products.
Countlines is expected to continue to drive retail sales of chocolate confectionery over the forecast period. The largest category is set to register fast retail volume and value (constant 2022 prices) growth.
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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.
Chocolate Confectionery
This is the aggregation of tablets, countlines, bagged selflines/softlines, boxed assortments, seasonal chocolate, chocolate with toys, alfajores and other chocolate confectionery. Note that chocolate overtly positioned for baking/cooking purposes is excluded from Euromonitor International's confectionery coverage.
See All of Our DefinitionsThis report originates from Passport, our Chocolate Confectionery research and analysis database.
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