Food & Grocery Retail in Nigeria industry profile provides top-line qualitative and quantitative summary information including: market size (value 2011-15, and forecast to 2020). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
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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
Essential resource for top-line data and analysis covering the Nigeria food & grocery retail market. Includes market size and segmentation data, textual and graphical analysis of market growth trends, leading companies and macroeconomic information.
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What was the size of the Nigeria food & grocery retail market by value in 2015?
What will be the size of the Nigeria food & grocery retail market in 2020?
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 Nigeria's food & grocery retail market?
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. The Nigerian food & grocery retail industry had total revenues of $64.1bn in 2015, representing a compound annual growth rate (CAGR) of 11.9% between 2011 and 2015. The packaged food segment was the industry's most lucrative in 2015, with total revenues of $30.2bn, equivalent to 47.1% of the industry's overall value. Growth in this industry is largely being driven by the expansion of the modern retail sector in the country. What's more, increasing urbanization and rising incomes are contributing to a growing industry.