Over the forecast period, ice cream and frozen yoghurt are expected to see much improved retail volume and value (constant 2022 prices) CAGRs, compared with the review period. There is also predicted to be a continued, and increasingly strong, rebound in foodservice volume sales.
As the competition in the category is set to intensify during the forecast period, ice cream producers in Nigeria will work to expand their distribution networks. In particular, companies will seek to strengthen distribution via modern grocery channels like supermarkets and hypermarkets, which grew their retail value shares during the review period.
The anticipated economic improvement in the country should create conditions for robust retail volume sales growth for take-home ice cream. Meanwhile, some consumers are expected to continue to shift towards smaller-sized packs and impulse ice cream in the early forecast period, for affordability reasons.
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Understand the latest market trends and future growth opportunities for the Ice Cream 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 Ice Cream 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.
Ice cream is the aggregation of frozen yoghurt, impulse ice cream, unpackaged ice cream and take-home ice cream. Frozen desserts is included in the project Staples. Includes: Non-dairy ice creams (for example, soy or rice-based products, as well as any other dairy-alternative ice creams), should be tracked alongside dairy ice cream in the relevant product subcategory. Rice and soy can be used as dairy substitutes in the manufacture of ice cream, but the product is still equivalent in terms of positioning/marketing and consumer target to standard dairy ice cream.See All of Our Definitions
This report originates from Passport, our Ice Cream research and analysis database.
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