In 2023, supermarkets in Nigeria navigated a dynamic retail landscape characterised by inflation-driven shifts in consumer behaviour, intensified competition, and adaptations to economic challenges. The high inflation rate in Nigeria significantly impacted consumers' purchasing power, prompting a shift in buying habits towards essentials. Supermarkets, well-stocked with groceries, capitalised on this trend and experienced growth in sales. The introduction of quick commerce by Glovo further facil...
Euromonitor International's Supermarkets in Nigeria report offers insight into key trends and developments driving the industry. The report examines all retail channels to provide sector insight. Channels include hypermarkets, supermarkets, discounters, convenience stores, mixed retailers, health and beauty retailers, clothing and footwear retailers, furniture and furnishing stores, DIY and hardware stores, durable goods retailers, leisure and personal goods retailers. There are profiles of leading retailers, with analysis of their performance and the challenges they face. There is also analysis of non-store retailing: vending; homeshopping; internet retailing; direct selling, as available.
Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.
Why buy this report? * Get a detailed picture of the Supermarkets 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.
Supermarkets in Nigeria
Euromonitor International
February 2024
List Of Contents And Tables
SUPERMARKETS IN NIGERIA
KEY DATA FINDINGS
2023 DEVELOPMENTS
Inflation-driven shift to essentials and online grocery shopping
Spar supermarket's leadership and consumer engagement strategies
Adaptation to economic hardship and expansion initiatives
PROSPECTS AND OPPORTUNITIES
Quick-commerce revolution with Glovo
Economic recovery to drive bulk purchases
Revitalising expansion strategies
CHANNEL DATA
Table 1 Supermarkets: Value Sales, Outlets and Selling Space 2018-2023
Table 2 Supermarkets: Value Sales, Outlets and Selling Space: % Growth 2018-2023
Table 3 Supermarkets GBO Company Shares: % Value 2019-2023
Table 4 Supermarkets GBN Brand Shares: % Value 2020-2023