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Chocolate Confectionery in Nigeria

August 2022
Select Country Report
USD 1,195
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This report comes in PDF with additional info in Excel included.

Overview:

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.

The Chocolate Confectionery in Nigeria report includes:

  • Analysis of key supply-side and demand trends
  • Detailed segmentation of international and local products
  • Historic volume and value sizes, company and brand market shares
  • Five year forecasts of market trends and market growth
  • Robust and transparent research methodology, conducted in-country

This report answers:

  • What is the market size of Chocolate Confectionery in Nigeria?
  • Which are the leading brands in Chocolate Confectionery in Nigeria?
  • How are products distributed in Chocolate Confectionery in Nigeria?
  • How is the rise of e-commerce and/or the expansion of modern grocery retail impacting traditional retail?
  • What are the key health and wellness concerns driving, or challenging, sales in Chocolate Confectionery?
  • How significant are vegan and vegetarian dietary requirements in determining sales growth in Nigeria?
  • How has COVID-19 impacted consumer demand? To what extent have lockdown, home seclusion and stockpiling boosted sales? Will the longer term economic repercussions of the pandemic stimulate or suppress future growth?
  • Where is future growth expected to be most dynamic?
  • How significant will values-based claims, such as sustainability and ethical labelling, be in supporting future growth and brand equity?
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Chocolate Confectionery in Nigeria - Category analysis

KEY DATA FINDINGS

Improving economic situation and widening consumer base offer growth potential
Affluent consumer base absorbs potential downturn as prices rise
High imports costs incentivise local production and lower-priced brands
Economic recovery and retailing developments set to push sales growth
Entry of more affordable brands to counteract high prices of imports
Growing offer and price advantage to consolidate countlines’ popularity
Table 1 Sales of Chocolate Confectionery by Category: Volume 2017-2022
Table 2 Sales of Chocolate Confectionery by Category: Value 2017-2022
Table 3 Sales of Chocolate Confectionery by Category: % Volume Growth 2017-2022
Table 4 Sales of Chocolate Confectionery by Category: % Value Growth 2017-2022
Table 5 Sales of Chocolate Tablets by Type: % Value 2017-2022
Table 6 NBO Company Shares of Chocolate Confectionery: % Value 2018-2022
Table 7 LBN Brand Shares of Chocolate Confectionery: % Value 2019-2022
Table 8 Distribution of Chocolate Confectionery by Format: % Value 2017-2022
Table 9 Forecast Sales of Chocolate Confectionery by Category: Volume 2022-2027
Table 10 Forecast Sales of Chocolate Confectionery by Category: Value 2022-2027
Table 11 Forecast Sales of Chocolate Confectionery by Category: % Volume Growth 2022-2027
Table 12 Forecast Sales of Chocolate Confectionery by Category: % Value Growth 2022-2027

Snacks in Nigeria - Industry Overview

Snacks in 2022: The big picture
Key trends in 2022
Competitive landscape
Channel developments
What next for snacks?
Chart 1 Snacks Value Sales Growth Scenarios: 2020-2027
Chart 2 Snacks Impact of Drivers on Value Sales: 2020-2027
Table 13 Sales of Snacks by Category: Volume 2017-2022
Table 14 Sales of Snacks by Category: Value 2017-2022
Table 15 Sales of Snacks by Category: % Volume Growth 2017-2022
Table 16 Sales of Snacks by Category: % Value Growth 2017-2022
Table 17 NBO Company Shares of Snacks: % Value 2018-2022
Table 18 LBN Brand Shares of Snacks: % Value 2019-2022
Table 19 Distribution of Snacks by Format: % Value 2017-2022
Table 20 Forecast Sales of Snacks by Category: Volume 2022-2027
Table 21 Forecast Sales of Snacks by Category: Value 2022-2027
Table 22 Forecast Sales of Snacks by Category: % Volume Growth 2022-2027
Table 23 Forecast Sales of Snacks by Category: % Value Growth 2022-2027

DISCLAIMER

Summary 1 Research Sources
The following categories and subcategories are included:

Chocolate Confectionery

  • Chocolate Pouches and Bags
  • Boxed Assortments
  • Chocolate with Toys
  • Countlines
  • Seasonal Chocolate
  • Tablets
  • Other Chocolate Confectionery

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.

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Why buy this report?

  • Gain competitive intelligence about market leaders
  • Track key industry trends, opportunities and threats
  • Inform your marketing, brand, strategy and market development, sales and supply functions

This report originates from Passport, our Chocolate Confectionery research and analysis database.

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