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Edible Oils in Nigeria

Publisher Euromonitor International
Published Nov 10, 2025
Length 22 Pages
SKU # EP20589617

Description

Following a year of contraction, Nigeria’s edible oils market returned to modest recovery in 2025 as inflationary pressures eased and unit price increases stabilised. After average retail prices soared by around 70% in 2024, growth moderated to about 20% in 2025 – a still-elevated rate, but one that reflected improved currency stability and softer cost escalation across the supply chain. Despite lingering affordability challenges, edible oils remained an essential household staple, underpinning...

Euromonitor International's Edible Oils 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 2020-2024, 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 currently shaping the market along with prospects for the next five years, clearly indicating how the market is expected to change.

Product coverage: Corn Oil, Olive Oil, Other Edible Oil, Palm Oil, Rapeseed Oil, Soy Oil, Sunflower Oil.

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

Why buy this report?
* Get a detailed picture of the Edible Oils 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.

Table of Contents

22 Pages
Edible Oils in Nigeria
Euromonitor International
November 2025
List Of Contents And Tables
EDIBLE OILS IN NIGERIA
KEY DATA FINDINGS
2025 DEVELOPMENTS
Price increases soften and demand rises
INDUSTRY PERFORMANCE
Exchange rate pressures and informal imports shape market dynamics
Soy oil leads growth on health positioning and affordability
WHAT’S NEXT?
Economic recovery and population growth to sustain expansion
Health awareness fuels diversification into premium oil types
Competition and local sourcing to shape future affordability and innovation
COMPETITIVE LANDSCAPE
PZ Wilmar maintains category leadership through Devon King’s
Chi Ltd’s Golden Terra builds brand equity through effective storytelling
CHANNELS
Traditional retailers remain the cornerstone of distribution
Supermarkets broaden appeal but face economic headwinds
E-commerce grows slowly as consumers favour in-person purchasing
CATEGORY DATA
Table 1 Sales of Edible Oils by Category: Volume 2020-2025
Table 2 Sales of Edible Oils by Category: Value 2020-2025
Table 3 Sales of Edible Oils by Category: % Volume Growth 2020-2025
Table 4 Sales of Edible Oils by Category: % Value Growth 2020-2025
Table 5 NBO Company Shares of Edible Oils: % Value 2021-2025
Table 6 LBN Brand Shares of Edible Oils: % Value 2022-2025
Table 7 Distribution of Edible Oils by Format: % Value 2020-2025
Table 8 Forecast Sales of Edible Oils by Category: Volume 2025-2030
Table 9 Forecast Sales of Edible Oils by Category: Value 2025-2030
Table 10 Forecast Sales of Edible Oils by Category: % Volume Growth 2025-2030
Table 11 Forecast Sales of Edible Oils by Category: % Value Growth 2025-2030
COUNTRY REPORTS DISCLAIMER
COOKING INGREDIENTS AND MEALS IN NIGERIA
EXECUTIVE SUMMARY
More stable economic conditions enable stronger spending
KEY DATA FINDINGS
INDUSTRY PERFORMANCE
Innovation in blended products and convenience formats drives value
Smaller pack sizes sustain accessibility and broaden category reach
WHAT’S NEXT?
Steady category expansion supported by economic recovery and urbanisation
Competition, localisation, and innovation to define the next growth phase
Visibility, distribution, and digital access emerge as key strategic priorities
COMPETITIVE LANDSCAPE
Nestlé Nigeria Plc maintains leadership through Maggi’s scale and trust
TGI Distri Ltd expands presence through affordable innovation
Local players leverage authenticity, affordability, and niche innovation
CHANNELS
Traditional grocers remain dominant amid economic constraints
Supermarkets gain share as modern retail broadens appeal
E-commerce expands slowly but steadily as habits evolve
MARKET DATA
Table 12 Sales of Cooking Ingredients and Meals by Category: Volume 2020-2025
Table 13 Sales of Cooking Ingredients and Meals by Category: Value 2020-2025
Table 14 Sales of Cooking Ingredients and Meals by Category: % Volume Growth 2020-2025
Table 15 Sales of Cooking Ingredients and Meals by Category: % Value Growth 2020-2025
Table 16 NBO Company Shares of Cooking Ingredients and Meals: % Value 2021-2025
Table 17 LBN Brand Shares of Cooking Ingredients and Meals: % Value 2022-2025
Table 18 Penetration of Private Label by Category: % Value 2020-2025
Table 19 Distribution of Cooking Ingredients and Meals by Format: % Value 2020-2025
Table 20 Forecast Sales of Cooking Ingredients and Meals by Category: Volume 2025-2030
Table 21 Forecast Sales of Cooking Ingredients and Meals by Category: Value 2025-2030
Table 22 Forecast Sales of Cooking Ingredients and Meals by Category: % Volume Growth 2025-2030
Table 23 Forecast Sales of Cooking Ingredients and Meals by Category: % Value Growth 2025-2030
COUNTRY REPORTS DISCLAIMER
SOURCES
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