Food and Grocery Retail in Nigeria - Market Summary, Competitive Analysis and Forecast to 2025
Summary
Food & Grocery Retail in Nigeria industry profile provides top-line qualitative and quantitative summary information including: market size (value 2016-20, and forecast to 2025). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- The food & grocery retail market includes the retail sales of all food products, both packaged and unpackaged, as well as beverages (including retail sales of all alcoholic and non-alcoholic beverages), tobacco, and household products. All market data and forecasts are represented in nominal terms (i.e., without adjustment for inflation) and all currency conversions used in the creation of this report have been calculated using constant 2020 annual average exchange rates.
- The Nigerian food & grocery retail market had total revenues of $45.7bn in 2020, representing a compound annual growth rate (CAGR) of 5.8% between 2016 and 2020.
- The food segment was the markets most lucrative in 2020, with total revenues of $35.1bn, equivalent to 76.9% of the markets overall value.
- The value of the Nigerian food and groceries market grew by 0.4% in 2020, as a result of the COVID-19 pandemic, with increased demand driven by precautionary buying and a spending shift from foodservice channels.
Scope
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the food & grocery retail market in Nigeria
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the food & grocery retail market in Nigeria
- Leading company profiles reveal details of key food & grocery retail market players global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Nigeria food & grocery retail market with five year forecasts
Reasons to Buy
- What was the size of the Nigeria food & grocery retail market by value in 2020?
- What will be the size of the Nigeria food & grocery retail market in 2025?
- What factors are affecting the strength of competition in the Nigeria food & grocery retail market?
- How has the market performed over the last five years?
- What are the main segments that make up Nigerias food & grocery retail market?
1 Executive Summary
1.1. Market value
1.2. Market value forecast
1.3. Category segmentation
1.4. Geography segmentation
1.5. Market rivalry
1.6. Competitive Landscape
2 Market Overview
2.1. Market definition
2.2. Market analysis
3 Market Data
3.1. Market value
4 Market Segmentation
4.1. Category segmentation
4.2. Geography segmentation
4.3. Market distribution
5 Market Outlook
5.1. Market value forecast
6 Five Forces Analysis
6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry
7 Competitive Landscape
7.1. Who are the leading players in the market?
7.2. What are the pricing strategies in the market?
7.3. Where is disruption coming from in this market?
8 Company Profiles
8.1. Shoprite Holdings Ltd
9 Macroeconomic Indicators
9.1. Country data
10 Appendix
10.1. Methodology
10.2. Industry associations
10.3. Related MarketLine research
10.4. About MarketLine
List Of Tables
List of TablesTable 1: Nigeria food & grocery retail market value: $ million, 2016-20
Table 2: Nigeria food & grocery retail market category segmentation: $ million, 2020
Table 3: Nigeria food & grocery retail market geography segmentation: $ million, 2020
Table 4: Nigeria food & grocery retail market distribution: % share, by value, 2020
Table 5: Nigeria food & grocery retail market value forecast: $ million, 2020-25
Table 6: Shoprite Holdings Ltd: key facts
Table 7: Shoprite Holdings Ltd: Annual Financial Ratios
Table 8: Shoprite Holdings Ltd: Key Employees
Table 9: Nigeria size of population (million), 2016-20
Table 10: Nigeria gdp (constant 2005 prices, $ billion), 2016-20
Table 11: Nigeria gdp (current prices, $ billion), 2016-20
Table 12: Nigeria inflation, 2016-20
Table 13: Nigeria consumer price index (absolute), 2016-20
Table 14: Nigeria exchange rate, 2016-18
List Of Figures
List of FiguresFigure 1: Nigeria food & grocery retail market value: $ million, 2016-20
Figure 2: Nigeria food & grocery retail market category segmentation: % share, by value, 2020
Figure 3: Nigeria food & grocery retail market geography segmentation: % share, by value, 2020
Figure 4: Nigeria food & grocery retail market distribution: % share, by value, 2020
Figure 5: Nigeria food & grocery retail market value forecast: $ million, 2020-25
Figure 6: Forces driving competition in the food & grocery retail market in Nigeria, 2020
Figure 7: Drivers of buyer power in the food & grocery retail market in Nigeria, 2020
Figure 8: Drivers of supplier power in the food & grocery retail market in Nigeria, 2020
Figure 9: Factors influencing the likelihood of new entrants in the food & grocery retail market in Nigeria, 2020
Figure 10: Factors influencing the threat of substitutes in the food & grocery retail market in Nigeria, 2020
Figure 11: Drivers of degree of rivalry in the food & grocery retail market in Nigeria, 2020
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