Cooking Ingredients and Meals in Nigeria

Cooking Ingredients and Meals in Nigeria

Cooking ingredients and meals is projected to be one of the better performing categories in packaged food in Nigeria, despite the poor economic situation and related weak consumer spending power in 2022. This is because cooking ingredients consists of some quite essential categories with limited or no substitutes. Population growth, especially in urban areas, also contributed to grow or maintain demand or limit any drop in retail volume sales. As consumers were forced by the difficult economic s...

Euromonitor International's Cooking Ingredients and Meals 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 2017-2021, 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 2026, clearly indicating how the market is expected to change.

Product coverage: Edible Oils, Meals and Soups, Sauces, Dips and Condiments, Sweet Spreads.

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

Why buy this report?
* Get a detailed picture of the Cooking Ingredients and Meals 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.


Cooking Ingredients and Meals in Nigeria
Euromonitor International
November 2022
List Of Contents And Tables
COOKING INGREDIENTS AND MEALS IN NIGERIA
EXECUTIVE SUMMARY
Cooking ingredients and meals in 2022: The big picture
Key trends in 2022
Competitive landscape
Channel developments
What next for cooking ingredients and meals?
MARKET DATA
Table 1 Sales of Cooking Ingredients and Meals by Category: Volume 2017-2022
Table 2 Sales of Cooking Ingredients and Meals by Category: Value 2017-2022
Table 3 Sales of Cooking Ingredients and Meals by Category: % Volume Growth 2017-2022
Table 4 Sales of Cooking Ingredients and Meals by Category: % Value Growth 2017-2022
Table 5 NBO Company Shares of Cooking Ingredients and Meals: % Value 2018-2022
Table 6 LBN Brand Shares of Cooking Ingredients and Meals: % Value 2019-2022
Table 7 Penetration of Private Label by Category: % Value 2017-2022
Table 8 Distribution of Cooking Ingredients and Meals by Format: % Value 2017-2022
Table 9 Forecast Sales of Cooking Ingredients and Meals by Category: Volume 2022-2027
Table 10 Forecast Sales of Cooking Ingredients and Meals by Category: Value 2022-2027
Table 11 Forecast Sales of Cooking Ingredients and Meals by Category: % Volume Growth 2022-2027
Table 12 Forecast Sales of Cooking Ingredients and Meals by Category: % Value Growth 2022-2027
DISCLAIMER
SOURCES
Summary 1 Research Sources
EDIBLE OILS IN NIGERIA
KEY DATA FINDINGS
2022 DEVELOPMENTS
Population growth supports positive, if weak, retail volume sales growth in an essential category
Strong value growth driven by high unit price increases
Company activity supports positive growth performance
PROSPECTS AND OPPORTUNITIES
Edible oils to grow healthily in line with economic recovery and population growth
“Other” edible oil to continue to drive the category performance
Niche categories to perform well as consumers seek healthier options
CATEGORY DATA
Table 13 Sales of Edible Oils by Category: Volume 2017-2022
Table 14 Sales of Edible Oils by Category: Value 2017-2022
Table 15 Sales of Edible Oils by Category: % Volume Growth 2017-2022
Table 16 Sales of Edible Oils by Category: % Value Growth 2017-2022
Table 17 NBO Company Shares of Edible Oils: % Value 2018-2022
Table 18 LBN Brand Shares of Edible Oils: % Value 2019-2022
Table 19 Distribution of Edible Oils by Format: % Value 2017-2022
Table 20 Forecast Sales of Edible Oils by Category: Volume 2022-2027
Table 21 Forecast Sales of Edible Oils by Category: Value 2022-2027
Table 22 Forecast Sales of Edible Oils by Category: % Volume Growth 2022-2027
Table 23 Forecast Sales of Edible Oils by Category: % Value Growth 2022-2027
MEALS AND SOUPS IN NIGERIA
KEY DATA FINDINGS
2022 DEVELOPMENTS
Meals and soups declines in 2022 due to weak consumer spending power
Soups sees big drop in retail volume sales during 2022 as consumers favour essentials
High prices see consumers resort to home cooking and eschew ready meals
PROSPECTS AND OPPORTUNITIES
Economic recovery and time-poor consumers to expand the consumer base and drive growth potential
Penetration of modern grocery retailers to help ready meals grow from a low base
Soups is expected to continue to drive the overall performance as unit prices stabilise
CATEGORY DATA
Table 24 Sales of Meals and Soups by Category: Volume 2017-2022
Table 25 Sales of Meals and Soups by Category: Value 2017-2022
Table 26 Sales of Meals and Soups by Category: % Volume Growth 2017-2022
Table 27 Sales of Meals and Soups by Category: % Value Growth 2017-2022
Table 28 Distribution of Meals and Soups by Format: % Value 2017-2022
Table 29 Forecast Sales of Meals and Soups by Category: Volume 2022-2027
Table 30 Forecast Sales of Meals and Soups by Category: Value 2022-2027
Table 31 Forecast Sales of Meals and Soups by Category: % Volume Growth 2022-2027
Table 32 Forecast Sales of Meals and Soups by Category: % Value Growth 2022-2027
SAUCES, DIPS AND CONDIMENTS IN NIGERIA
KEY DATA FINDINGS
2022 DEVELOPMENTS
Perceived essential products perform well in 2022
Competitive stock cubes and powders sees the highest retail volume and value growth
Non-essential Western cooking and table sauces suffer drop in demand
PROSPECTS AND OPPORTUNITIES
Economic recovery and population growth to drive demand over the forecast period
Pack and product varieties to continue to play a key role in stimulating interest
Wider assortments and changes in diet to drive the demand for a number of products
CATEGORY DATA
Table 33 Sales of Sauces, Dips and Condiments by Category: Volume 2017-2022
Table 34 Sales of Sauces, Dips and Condiments by Category: Value 2017-2022
Table 35 Sales of Sauces, Dips and Condiments by Category: % Volume Growth 2017-2022
Table 36 Sales of Sauces, Dips and Condiments by Category: % Value Growth 2017-2022
Table 37 NBO Company Shares of Sauces, Dips and Condiments: % Value 2018-2022
Table 38 LBN Brand Shares of Sauces, Dips and Condiments: % Value 2019-2022
Table 39 Distribution of Sauces, Dips and Condiments by Format: % Value 2017-2022
Table 40 Forecast Sales of Sauces, Dips and Condiments by Category: Volume 2022-2027
Table 41 Forecast Sales of Sauces, Dips and Condiments by Category: Value 2022-2027
Table 42 Forecast Sales of Sauces, Dips and Condiments by Category: % Volume Growth 2022-2027
Table 43 Forecast Sales of Sauces, Dips and Condiments by Category: % Value Growth 2022-2027
SWEET SPREADS IN NIGERIA
KEY DATA FINDINGS
2022 DEVELOPMENTS
Poor consumer spending power and high price rises lead to volume sales decline
Local brands help to limit the decline in demand for honey and nut and seed based spreads
Small local grocers dominates distribution through convenience
PROSPECTS AND OPPORTUNITIES
Improving economic conditions and retail modernisation to boost the demand for sweet spreads
Honey and nut and seed based spreads to continue to grow in popularity
Search for novel complements for bread offer growth potential to jams and preserves and chocolate spreads
CATEGORY DATA
Table 44 Sales of Sweet Spreads by Category: Volume 2017-2022
Table 45 Sales of Sweet Spreads by Category: Value 2017-2022
Table 46 Sales of Sweet Spreads by Category: % Volume Growth 2017-2022
Table 47 Sales of Sweet Spreads by Category: % Value Growth 2017-2022
Table 48 NBO Company Shares of Sweet Spreads: % Value 2018-2022
Table 49 LBN Brand Shares of Sweet Spreads: % Value 2019-2022
Table 50 Distribution of Sweet Spreads by Format: % Value 2017-2022
Table 51 Forecast Sales of Sweet Spreads by Category: Volume 2022-2027
Table 52 Forecast Sales of Sweet Spreads by Category: Value 2022-2027
Table 53 Forecast Sales of Sweet Spreads by Category: % Volume Growth 2022-2027
Table 54 Forecast Sales of Sweet Spreads by Category: % Value Growth 2022-2027

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