Ice Cream in Nigeria

Ice Cream in Nigeria


Ice cream consumption in Nigeria has taken a downturn in volume terms in 2023, following a significant drop in 2022. This decline can be largely attributed to the prevailing inflationary conditions spurred by a depreciated local currency and various local elements such as the surge in fuel prices. These factors have adversely affected consumer purchasing power, although economic conditions have stabilised somewhat in 2023 compared to the previous year. In addition, the first quarter of 2023 witn...

Euromonitor International's Ice Cream in Nigeria report offers in-depth knowledge of the market at a national level, providing local insight and understanding unavailable elsewhere. In addition to the latest retail sales data 2018-2022, it identifies the leading companies, brands and retail outlets, and assesses the key trends and demographic shifts behind consumer demand and sales growth. How key trends such as health and wellness, sustainability and recovery from the pandemic are shaping the market in <|Year|> directly informs our forecasts to 2027, clearly indicating how the market is expected to change.

Product coverage: Frozen Yoghurt, Impulse Ice Cream, Plant-based Ice Cream, Take-Home Ice Cream, Unpackaged Ice Cream.

Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.

Why buy this report?
* Get a detailed picture of the Ice Cream market;
* Pinpoint growth sectors and identify factors driving change;
* Understand the competitive environment, the market’s major players and leading brands;
* Use five-year forecasts to assess how the market is predicted to develop.


Ice Cream in Nigeria
Euromonitor International
July 2023
List Of Contents And Tables
ICE CREAM IN NIGERIA
KEY DATA FINDINGS
2023 DEVELOPMENTS
Inflationary conditions trigger volume decline in ice cream in 2023
Higher unit prices lead to rises in value sales
Premium ice cream market thrives despite adverse economic climate
PROSPECTS AND OPPORTUNITIES
Anticipated improved economic conditions to fuel growth in ice cream
Increasing ice cream awareness will push interest from younger consumers
Dominance of frozen yoghurt set to continue
CATEGORY DATA
Table 1 Sales of Ice Cream by Category: Volume 2018-2023
Table 2 Sales of Ice Cream by Category: Value 2018-2023
Table 3 Sales of Ice Cream by Category: % Volume Growth 2018-2023
Table 4 Sales of Ice Cream by Category: % Value Growth 2018-2023
Table 5 NBO Company Shares of Ice Cream: % Value 2019-2023
Table 6 LBN Brand Shares of Ice Cream: % Value 2020-2023
Table 7 NBO Company Shares of Impulse Ice Cream: % Value 2019-2023
Table 8 LBN Brand Shares of Impulse Ice Cream: % Value 2020-2023
Table 9 NBO Company Shares of Take-home Ice Cream: % Value 2019-2023
Table 10 LBN Brand Shares of Take-home Ice Cream: % Value 2020-2023
Table 11 Distribution of Ice Cream by Format: % Value 2018-2023
Table 12 Forecast Sales of Ice Cream by Category: Volume 2023-2028
Table 13 Forecast Sales of Ice Cream by Category: Value 2023-2028
Table 14 Forecast Sales of Ice Cream by Category: % Volume Growth 2023-2028
Table 15 Forecast Sales of Ice Cream by Category: % Value Growth 2023-2028
SNACKS IN NIGERIA
EXECUTIVE SUMMARY
Snacks in 2023: The big picture
Key trends in 2023
Competitive Landscape
Channel developments
What next for snacks?
MARKET DATA
Table 16 Sales of Snacks by Category: Volume 2018-2023
Table 17 Sales of Snacks by Category: Value 2018-2023
Table 18 Sales of Snacks by Category: % Volume Growth 2018-2023
Table 19 Sales of Snacks by Category: % Value Growth 2018-2023
Table 20 NBO Company Shares of Snacks: % Value 2019-2023
Table 21 LBN Brand Shares of Snacks: % Value 2020-2023
Table 22 Distribution of Snacks by Format: % Value 2018-2023
Table 23 Forecast Sales of Snacks by Category: Volume 2023-2028
Table 24 Forecast Sales of Snacks by Category: Value 2023-2028
Table 25 Forecast Sales of Snacks by Category: % Volume Growth 2023-2028
Table 26 Forecast Sales of Snacks by Category: % Value Growth 2023-2028
DISCLAIMER
SOURCES
Summary 1 Research Sources

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook
Cookie Settings