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Edible Oils in Nigeria

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    Report

  • 21 Pages
  • November 2022
  • Region: Nigeria
  • Euromonitor International
  • ID: 4472491
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.

Table of Contents

EDIBLE OILS IN NIGERIAKEY DATA FINDINGS
2022 DEVELOPMENTS
  • Population growth supports positive, if weak, retail volume sales growth in an essential category
  • Strong value growth driven by high unit price increases
  • Company activity supports positive growth performance
PROSPECTS AND OPPORTUNITIES
  • Edible oils to grow healthily in line with economic recovery and population growth
  • “Other” edible oil to continue to drive the category performance
  • Niche categories to perform well as consumers seek healthier options
CATEGORY DATA
  • Table 1 Sales of Edible Oils by Category: Volume 2017-2022
  • Table 2 Sales of Edible Oils by Category: Value 2017-2022
  • Table 3 Sales of Edible Oils by Category: % Volume Growth 2017-2022
  • Table 4 Sales of Edible Oils by Category: % Value Growth 2017-2022
  • Table 5 NBO Company Shares of Edible Oils: % Value 2018-2022
  • Table 6 LBN Brand Shares of Edible Oils: % Value 2019-2022
  • Table 7 Distribution of Edible Oils by Format: % Value 2017-2022
  • Table 8 Forecast Sales of Edible Oils by Category: Volume 2022-2027
  • Table 9 Forecast Sales of Edible Oils by Category: Value 2022-2027
  • Table 10 Forecast Sales of Edible Oils by Category: % Volume Growth 2022-2027
  • Table 11 Forecast Sales of Edible Oils by Category: % Value Growth 2022-2027
COOKING INGREDIENTS AND MEALS IN NIGERIA
EXECUTIVE SUMMARY
  • Cooking ingredients and meals in 2022: The big picture
  • Key trends in 2022
  • Competitive landscape
  • Channel developments
  • What next for cooking ingredients and meals?
MARKET DATA
  • Table 12 Sales of Cooking Ingredients and Meals by Category: Volume 2017-2022
  • Table 13 Sales of Cooking Ingredients and Meals by Category: Value 2017-2022
  • Table 14 Sales of Cooking Ingredients and Meals by Category: % Volume Growth 2017-2022
  • Table 15 Sales of Cooking Ingredients and Meals by Category: % Value Growth 2017-2022
  • Table 16 NBO Company Shares of Cooking Ingredients and Meals: % Value 2018-2022
  • Table 17 LBN Brand Shares of Cooking Ingredients and Meals: % Value 2019-2022
  • Table 18 Penetration of Private Label by Category: % Value 2017-2022
  • Table 19 Distribution of Cooking Ingredients and Meals by Format: % Value 2017-2022
  • Table 20 Forecast Sales of Cooking Ingredients and Meals by Category: Volume 2022-2027
  • Table 21 Forecast Sales of Cooking Ingredients and Meals by Category: Value 2022-2027
  • Table 22 Forecast Sales of Cooking Ingredients and Meals by Category: % Volume Growth 2022-2027
  • Table 23 Forecast Sales of Cooking Ingredients and Meals by Category: % Value Growth 2022-2027
DISCLAIMER
SOURCES
  • Summary 1 Research Sources