RTD tea in Nigeria recorded volume sales decline in 2024 as many consumers were deterred by its higher price. While RTD tea has grown well over the review period, the category remains quite niche in Nigeria compared to other soft drinks products. Consumers perceive RTD tea as far less essential than carbonates and energy drinks. One of the core targets for brands is the working professional who typically consumes RTD tea for alertness and as a refreshment during the long working day. Higher unem...
Euromonitor International's RTD Tea in Nigeria report offers a comprehensive guide to the size and shape of the market at a national level. It provides the latest retail sales data (2019-2023), allowing you to identify the sectors driving growth. It identifies the leading companies, the leading brands and offers strategic analysis of key factors influencing the market – be they legislative, distribution, packaging or pricing issues. Forecasts to 2028 illustrate how the market is set to change.
Product coverage: Carbonated RTD Tea and Kombucha, Still RTD Tea.
Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.
Why buy this report? * Get a detailed picture of the RTD Tea 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.
RTD Tea in Nigeria
Euromonitor International
December 2024
List Of Contents And Tables
RTD TEA IN NIGERIA
KEY DATA FINDINGS
2024 DEVELOPMENTS
RTD tea volumes decline amid high inflation
Working professionals are key consumer base for RTD tea
Competitive landscape remains limited to three players
PROSPECTS AND OPPORTUNITIES
An improved economy to drive demand
Product diversification to boost demand
Opportunity for carbonated RTD tea to gain consumer interest
CATEGORY DATA
Table 1 Off-trade Sales of RTD Tea by Category: Volume 2019-2024
Table 2 Off-trade Sales of RTD Tea by Category: Value 2019-2024
Table 3 Off-trade Sales of RTD Tea by Category: % Volume Growth 2019-2024
Table 4 Off-trade Sales of RTD Tea by Category: % Value Growth 2019-2024
Table 5 Leading Flavours for Off-trade RTD Tea: % Volume 2019-2024
Table 6 NBO Company Shares of Off-trade RTD Tea: % Volume 2020-2024