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Country Report

Sugar confectionery in

Sugar Confectionery in Nigeria

28 pages, Jul 2017

US$990

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Executive Summary

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If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE!

TRENDS

The market size of sugar confectionery increased strongly in current value sales terms in 2017, driven by the growth in the young population, a strong variety of brands and flavours and, in particular, the recovery of the economy, which moved slowly out of recession. In 2017, retail current value sales rose by 15%, following a 3% decline in 2016, when the economic recession caused consumer disposable incomes to fall and the depreciation of the local currency led to much higher import costs for raw materials and ingredients in production.

COMPETITIVE LANDSCAPE

The leading player in sugar confectionery remained Sweetco Foods, with a 51% share of retail value sales in 2017. The company’s wide range of brands of lollipops and boiled sweets are distributed nationwide. Milkose and Pop Up Lollipop remained the first- and third-ranked brands in the category.

PROSPECTS

In constant 2017 terms, sugar confectionery is projected to see a 3% retail value CAGR, which is faster than the review period CAGR, despite increased competition from other impulse/indulgence product types, such as sweet and savoury snacks and chocolate confectionery. This performance is due to the expected growth in the population of children and young consumers, as well as increased activity of local manufacturers, which are introducing cheaper products and a wide diversity of brands. Growth over the review period was stunted by the decline in value sales in 2016 caused by the economic recession. As the economy recovers and consumer incomes grow, sugar confectionery is set to perform well.

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Samples

Sugar Confectionery Market Sample Report Sugar Confectionery Market Sample Data

Overview

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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.

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Overview

Discover the latest market trends and uncover sources of future market growth for the Sugar confectionery industry in Nigeria with research from Euromonitor's team of in-country analysts.

Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.

If you're in the Sugar confectionery industry in Nigeria, our research will save you time and money while empowering you to make informed, profitable decisions.

The Sugar confectionery in Nigeria market research report includes:

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

Our market research reports answer questions such as:

What is the market size of Sugar confectionery in Nigeria?
What are the major brands in Nigeria?
Are consumers in developing markets abandoning comparatively cheaper sugar confectionery for chocolate?
What are market opportunities for sugar-free products?

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 industry report originates from Passport, our Packaged Food market research database.

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Sugar Confectionery in Nigeria - Company Profiles

Packaged Food in Nigeria - Industry Overview

EXECUTIVE SUMMARY

Packaged food benefits from ongoing shift away from unpackaged products

Growth limited by economic stagnation and high inflation

Local players compete well against multinationals

Modern retailing growing but traditional retail still dominates

Positive growth expected over the forecast period

KEY TRENDS AND DEVELOPMENTS

Economic stagnation and exchange rate depreciation have negative impact on packaged food growth in 2017

Outlook

Urbanisation boosting demand for packaged food

Outlook

Growth of modern retailing helps to spur demand for some categories of packaged food

Outlook

Manufacturers look to smaller pack sizes to survive poor economic conditions

Outlook

FOODSERVICE: KEY TRENDS AND DEVELOPMENTS

Headlines

Trends: Sales to Foodservice

Trends: Consumer Foodservice

Prospects

Category Data

Table 1 Foodservice Sales of Packaged Food by Category: Volume 2012-2017
Table 2 Foodservice Sales of Packaged Food by Category: % Volume Growth 2012-2017
Table 3 Forecast Foodservice Sales of Packaged Food by Category: Volume 2017-2022
Table 4 Forecast Foodservice Sales of Packaged Food by Category: % Volume Growth 2017-2022

MARKET DATA

Table 5 Sales of Packaged Food by Category: Volume 2012-2017
Table 6 Sales of Packaged Food by Category: Value 2012-2017
Table 7 Sales of Packaged Food by Category: % Volume Growth 2012-2017
Table 8 Sales of Packaged Food by Category: % Value Growth 2012-2017
Table 9 GBO Company Shares of Packaged Food: % Value 2013-2017
Table 10 NBO Company Shares of Packaged Food: % Value 2013-2017
Table 11 LBN Brand Shares of Packaged Food: % Value 2014-2017
Table 12 Distribution of Packaged Food by Format: % Value 2012-2017
Table 13 Distribution of Packaged Food by Format and Category: % Value 2017
Table 14 Forecast Sales of Packaged Food by Category: Volume 2017-2022
Table 15 Forecast Sales of Packaged Food by Category: Value 2017-2022
Table 16 Forecast Sales of Packaged Food by Category: % Volume Growth 2017-2022
Table 17 Forecast Sales of Packaged Food by Category: % Value Growth 2017-2022

Megatrends

Country Report

Sugar Confectionery in Nigeria

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Executive Summary

New Report Guarantee

TRENDS

COMPETITIVE LANDSCAPE

PROSPECTS

Samples

Overview

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Table of Contents

Sugar Confectionery in Nigeria - Company Profiles

Packaged Food in Nigeria - Industry Overview

EXECUTIVE SUMMARY

Packaged food benefits from ongoing shift away from unpackaged products

Growth limited by economic stagnation and high inflation

Local players compete well against multinationals

Modern retailing growing but traditional retail still dominates

Positive growth expected over the forecast period

KEY TRENDS AND DEVELOPMENTS

Economic stagnation and exchange rate depreciation have negative impact on packaged food growth in 2017

Urbanisation boosting demand for packaged food

Growth of modern retailing helps to spur demand for some categories of packaged food

Manufacturers look to smaller pack sizes to survive poor economic conditions

FOODSERVICE: KEY TRENDS AND DEVELOPMENTS

Headlines

Trends: Sales to Foodservice

Trends: Consumer Foodservice

Prospects

Category Data

MARKET DATA

DEFINITIONS

SOURCES

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