Nigeria Confectionery Market Analysis (2013 - 2023)

Overview

The data guide on Confectionery provides a complete overview of the market during the period 2010-2018, while the forecast data is provided till 2023. The data guide comprises retail sales, of various categories within Confectionery, such as Sugar Confectionery, Gum, and Snack Bars, along with their values, volume and channels of distribution. Furthermore, it provides an in-depth analysis of the various segments in the Confectionery market, along with their growth perspective, which is expected to help in venturing into specific growth areas.

This guide helps in making well-informed business decisions, primarily regarding the latest market trends and product developments. Extensive secondary and primary researches/interviews are conducted as a part of the market analysis.

Glimpse of the report

The Nigeria Confectionery market registered a growth of 10.1% to reach 103241 NGN Mn in 2018.Moulded Chocolate constitute the leading segment in Chocolate category, which recorded a per capita consumption of 0.004266 Kg in 2018. On the other hand, Bubble Gum is the fastest growing segment in the Gum category. The Sugar Confectionery category is expected to reach 128330.050565 by 2023, witnessing a healthy CAGR of 12.76%. Among distribution channels, Convenience Stores are the preferred destination among the populace.

Some of the Key Takeaways

• Nigeria Confectionery sales through On-line Retail channel recorded an impressive CAGR of 38.4% during 2010-2018.


• The Countlines segment is expected to dominate the Chocolate category sales during the forecast period.


• Bubble Gum accounts for the smallest share in the Gum category, which is expected to witness a CAGR of 4.99% during the forecast period.