Whilst higher prices caused by the depreciation of the local currency hindered demand in the review period, a return to economic growth and stability in terms of the currency exchange rate are predicted to help drive sales over the forecast period. On the other hand, improved consumer spending power also implies that consumers will return to eating out more often, thereby hampering forecast growth performances for leading categories like stock cubes and powders and tomato pastes and purées.
Pack and product varieties were key growth drivers during the review period, particularly in tough economic periods. Over the forecast period, it is expected that domestic brand manufacturers will continue to focus on packaging in order to increase demand.
The growing urbanisation and Westernisation trends are expected to boost sales in sauces, dips and condiments, particularly for cooking and table sauces, which offer more Westernised products. Greater product visibility in modern grocery retailers, but also small local grocers, which are increasingly modernising their assortments, are predicted to improve the offer and stimulate demand.
Delivery:
Files are delivered directly into your account soon after payment is received and any tax 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 Sauces, Dips and Condiments 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 Sauces, Dips and Condiments 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.
Sauces, Dips and Condiments
This is the aggregation of cooking ingredients and condiments, dips, pickled products, sauces, yeast-based spreads, and other sauces, dips and condiments. Excludes: Unpackaged/bulk sauces, dressings and condiments, such as unpackaged herbs and spice or instances where consumers bring an empty contained to be (re)filled. Excludes: Table salt, vinegar, baking ingredients, desiccated coconut, and cooking cream/milk/powder for cooking and baking.
See All of Our DefinitionsThis report originates from Passport, our Sauces, Dips and Condiments 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!