Food & Grocery Retail in Nigeria industry profile provides top-line qualitative and quantitative summary information including: market size (value 2013-17, and forecast to 2022). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
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.
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 on-trade sales of food and beverage are excluded. All currency conversions are calculated at constant average 2016 exchange rates.
The Nigerian food & grocery retail industry is expected to generate total revenues of $58.2bn in 2017, representing a compound annual growth rate (CAGR) of 9.2% between 2013 and 2017.
The food segment is expected to be the industry's most lucrative in 2017, with total revenues of $43.7bn, equivalent to 75% of the industry's overall value.
The growth in sales through supermarkets, hypermarkets and convenience stores is helping to propel growth in this industry. This is largely due to the fact that products sold through the modern retail sector are subject to tax, which traditional retailers often avoid.
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What was the size of the Nigeria food & grocery retail market by value in 2017?
What will be the size of the Nigeria food & grocery retail market in 2022?
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?