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Soup in Nigeria

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    Report

  • 20 Pages
  • December 2021
  • Region: Nigeria
  • Euromonitor International
  • ID: 1203479
Retail volume sales of soup continued to decline during 2021 but at a more moderate pace than in the previous year. Demand for soup is largely limited to expatriates, and the number of these has declined as a result of the pandemic. Western-style soup is not widely consumed in Nigeria. Shelf stable soup and dehydrated soup continued to account for the bulk of retail volume sales of soup.

The Soup 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 2016-2020, 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 2021 directly informs our forecasts to 2025, clearly indicating how the market is expected to change.

Product coverage: Chilled Soup, Dehydrated Soup, Frozen Soup, Instant Soup, Shelf Stable Soup.

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

Why buy this report?

  • Get a detailed picture of the Soup 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.

The publisher has over 40 years' experience of publishing market research reports, business reference books and online information systems. With offices in London, Chicago, Singapore, Shanghai, Dubai, Cape Town, Santiago, Sydney, Tokyo and Bangalore and a network of over 800 analysts worldwide, the publisher has a unique capability to develop reliable information resources to help drive informed strategic planning.

Table of Contents

SOUP IN NIGERIAKEY DATA FINDINGS
2021 DEVELOPMENTS
  • Demand for soup largely remains limited to expats
  • Currency instability drives sharp acceleration in unit price growth
  • Knorr and Heinz remain dominant, but private label is an emerging threat
PROSPECTS AND OPPORTUNITIES
  • Rising expatriate population will boost demand for soup
  • Convenience could be a key selling point to affluent consumers
  • Focus on keeping unit prices low to encourage consumer uptake
CATEGORY DATA
  • Table 1 Sales of Soup by Category: Volume 2016-2021
  • Table 2 Sales of Soup by Category: Value 2016-2021
  • Table 3 Sales of Soup by Category: % Volume Growth 2016-2021
  • Table 4 Sales of Soup by Category: % Value Growth 2016-2021
  • Table 5 NBO Company Shares of Soup: % Value 2017-2021
  • Table 6 LBN Brand Shares of Soup: % Value 2018-2021
  • Table 7 Distribution of Soup by Format: % Value 2016-2021
  • Table 8 Forecast Sales of Soup by Category: Volume 2021-2026
  • Table 9 Forecast Sales of Soup by Category: Value 2021-2026
  • Table 10 Forecast Sales of Soup by Category: % Volume Growth 2021-2026
  • Table 11 Forecast Sales of Soup by Category: % Value Growth 2021-2026
  • CHART 1 Cooking Ingredients and Meals Value Sales Growth Scenarios: 2019-2026
  • CHART 2 Cooking Ingredients and Meals Impact of Drivers on Value Sales: 2019-2026
COOKING INGREDIENTS AND MEALS IN NIGERIA
EXECUTIVE SUMMARY
  • Cooking ingredients and meals in 2021: The big picture
  • Key trends in 2021
  • Competitive landscape
  • Channel developments
  • What next for cooking ingredients and meals?
MARKET DATA
  • Table 12 Sales of Cooking Ingredients and Meals by Category: Volume 2016-2021
  • Table 13 Sales of Cooking Ingredients and Meals by Category: Value 2016-2021
  • Table 14 Sales of Cooking Ingredients and Meals by Category: % Volume Growth 2016-2021
  • Table 15 Sales of Cooking Ingredients and Meals by Category: % Value Growth 2016-2021
  • Table 16 NBO Company Shares of Cooking Ingredients and Meals: % Value 2017-2021
  • Table 17 LBN Brand Shares of Cooking Ingredients and Meals: % Value 2018-2021
  • Table 18 Distribution of Cooking Ingredients and Meals by Format: % Value 2016-2021
  • Table 19 Forecast Sales of Cooking Ingredients and Meals by Category: Volume 2021-2026
  • Table 20 Forecast Sales of Cooking Ingredients and Meals by Category: Value 2021-2026
  • Table 21 Forecast Sales of Cooking Ingredients and Meals by Category: % Volume Growth 2021-2026
  • Table 22 Forecast Sales of Cooking Ingredients and Meals by Category: % Value Growth 2021-2026
SOURCES
  • Summary 1 Research Sources