Edible Oils in Nigeria

Overall, edible oils continued to see positive retail volume and current value growth during 2022, although volume growth was slow. Despite poor economic conditions, growth was driven by consumers being forced to cook at home more, as high inflation limited consumer spending power and visits to foodservice outlets. Being an essential product type for cooking in Nigeria, edible oils saw positive demand growth as the population, particularly the urban population, continued to grow.

The 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 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: 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.