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Country Report

Sugar confectionery in

Sugar Confectionery in Nigeria

Sep 2020

US$990

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Executive Summary

New Report Guarantee

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

2020 IMPACT

Minimal volume growth for sugar confectionery due to decreased disposable income in 2020

COVID-19 and the subsequent lockdown in quarter two of 2020 resulted in heightened consumer interest in being healthy (and thus eating healthily) in the medium/long term. The immediate impact was a spike in sales of staples (pasta, noodles, rice, canned/preserved food, etc.

Sugar confectionery sales to slow in 2020 despite population growth and category benefits from increased competition

Despite population growth, especially among the child population, which in turn is leading to an expanding consumer base, a weak economy will have a negative impact on sugar confectionery in 2020. Although the Nigerian economy has been forecast to recover from a poor performance over the review period, the COVID-19 pandemic is already having a major impact on Nigeria’s economy and is likely to lead to weak economic growth, especially as the price of Nigeria’s main source of revenue, crude oil, nosedived in 2020.

Sweetco Foods leads, while OK Foods Nigeria takes advantage of low unit prices and international brands at a disadvantage due to the depreciating currency in 2020

Sugar confectionery in Nigeria continues to be dominated by Sweetco Foods Ltd in 2020. This position can be attributed particularly to the company’s strength in categories such as boiled sweets and lollipops, in which it offers an extensive range of brands and products.

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Samples

Sugar Confectionery Market Sample Report Sugar Confectionery Market Sample Data

Overview

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.

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Delivery: Files are delivered directly into your account within a few minutes of purchase.

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 - Category analysis

KEY DATA FINDINGS

2020 IMPACT

Minimal volume growth for sugar confectionery due to decreased disposable income in 2020

Sugar confectionery sales to slow in 2020 despite population growth and category benefits from increased competition

Sweetco Foods leads, while OK Foods Nigeria takes advantage of low unit prices and international brands at a disadvantage due to the depreciating currency in 2020

RECOVERY AND OPPORTUNITIES

Sugar confectionery set to recover somewhat over the forecast period

Pastilles, gums, jellies and chews set to benefit from the novelty value of new products over the forecast period

Sugar confectionery likely to benefit from the further expansion of modern retailing

CATEGORY DATA

Table 1 Sales of Sugar Confectionery by Category: Volume 2015-2020
Table 2 Sales of Sugar Confectionery by Category: Value 2015-2020
Table 3 Sales of Sugar Confectionery by Category: % Volume Growth 2015-2020
Table 4 Sales of Sugar Confectionery by Category: % Value Growth 2015-2020
Table 5 Sales of Pastilles, Gums, Jellies and Chews by Type: % Value 2015-2020
Table 6 NBO Company Shares of Sugar Confectionery: % Value 2016-2020
Table 7 LBN Brand Shares of Sugar Confectionery: % Value 2017-2020
Table 8 Distribution of Sugar Confectionery by Format: % Value 2015-2020
Table 9 Forecast Sales of Sugar Confectionery by Category: Volume 2020-2025
Table 10 Forecast Sales of Sugar Confectionery by Category: Value 2020-2025
Table 11 Forecast Sales of Sugar Confectionery by Category: % Volume Growth 2020-2025
Table 12 Forecast Sales of Sugar Confectionery by Category: % Value Growth 2020-2025

Packaged Food in Nigeria - Industry Overview

EXECUTIVE SUMMARY

COVID-19 impact on packaged food

COVID-19 country impact

Company response

Retailing shift

Foodservice vs retail split

What next for packaged food?

FOODSERVICE

Sales to Foodservice

Foodservice declines as providers can only offer take away services
Major foodservice ingredients, such as edible oils, experience worst performances
Sauces, dressings and condiments a key driver for foodservice

Consumer Foodservice

Young, urban population and rise in number of employed women will encourage consumers to eat out as economy recovers
Third-party delivery platforms benefit from changes in consumer lifestyles
Independents continue to dominate consumer foodservice benefitting from lax enforcement of COVID-19 measures

Category Data

Chart 1 Packaged Food Value Sales Growth Scenarios: 2017-2024
Chart 2 Packaged Food Impact of Drivers on Value Sales: 2016-2024
Table 13 Foodservice Sales of Packaged Food by Category: Volume 2015-2020
Table 14 Foodservice Sales of Packaged Food by Category: % Volume Growth 2015-2020
Table 15 Forecast Foodservice Sales of Packaged Food by Category: Volume 2020-2025
Table 16 Forecast Foodservice Sales of Packaged Food by Category: % Volume Growth 2020-2025

MARKET DATA

Table 17 Sales of Packaged Food by Category: Volume 2015-2020
Table 18 Sales of Packaged Food by Category: Value 2015-2020
Table 19 Sales of Packaged Food by Category: % Volume Growth 2015-2020
Table 20 Sales of Packaged Food by Category: % Value Growth 2015-2020
Table 21 GBO Company Shares of Packaged Food: % Value 2016-2020
Table 22 NBO Company Shares of Packaged Food: % Value 2016-2020
Table 23 LBN Brand Shares of Packaged Food: % Value 2017-2020
Table 24 Distribution of Packaged Food by Format: % Value 2015-2020
Table 25 Distribution of Packaged Food by Format and Category: % Value 2020
Table 26 Forecast Sales of Packaged Food by Category: Volume 2020-2025
Table 27 Forecast Sales of Packaged Food by Category: Value 2020-2025
Table 28 Forecast Sales of Packaged Food by Category: % Volume Growth 2020-2025
Table 29 Forecast Sales of Packaged Food by Category: % Value Growth 2020-2025

Megatrends

Country Report

Sugar Confectionery in Nigeria

New Report Guarantee

Executive Summary

New Report Guarantee

2020 IMPACT

Minimal volume growth for sugar confectionery due to decreased disposable income in 2020

Sugar confectionery sales to slow in 2020 despite population growth and category benefits from increased competition

Sweetco Foods leads, while OK Foods Nigeria takes advantage of low unit prices and international brands at a disadvantage due to the depreciating currency in 2020

Samples

Overview

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Samples FAQs about samples

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Table of Contents

Sugar Confectionery in Nigeria - Category analysis

KEY DATA FINDINGS

2020 IMPACT

Minimal volume growth for sugar confectionery due to decreased disposable income in 2020

Sugar confectionery sales to slow in 2020 despite population growth and category benefits from increased competition

Sweetco Foods leads, while OK Foods Nigeria takes advantage of low unit prices and international brands at a disadvantage due to the depreciating currency in 2020

RECOVERY AND OPPORTUNITIES

Sugar confectionery set to recover somewhat over the forecast period

Pastilles, gums, jellies and chews set to benefit from the novelty value of new products over the forecast period

Sugar confectionery likely to benefit from the further expansion of modern retailing

CATEGORY DATA

Packaged Food in Nigeria - Industry Overview

EXECUTIVE SUMMARY

COVID-19 impact on packaged food

COVID-19 country impact

Company response

Retailing shift

Foodservice vs retail split

What next for packaged food?

FOODSERVICE

Sales to Foodservice

Consumer Foodservice

Category Data

MARKET DATA

GLOBAL MACROECONOMIC ENVIRONMENT

GLOBAL INDUSTRY ENVIRONMENT

DISCLAIMER

DEFINITIONS

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