Ice Cream and Frozen Desserts in Nigeria

July 2021 | 27 pages | ID: I8CDF71A111EN
Euromonitor International Ltd

Abstracts

Retail volume sales of ice cream declined during 2020. This was largely due to COVID-19 restrictions, which led to a reduction in impulse purchasing and on-the-go consumption. Moreover, the economic shock of the pandemic led to a reduction in discretionary spending. This was exacerbated by a significant acceleration in the rate of unit price growth that was largely due to a decline in the foreign-exchange value of the naira.

Euromonitor International's Ice Cream and Frozen Desserts 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 <|Year|> directly informs our forecasts to 2025, clearly indicating how the market is expected to change.

Product coverage: Frozen Desserts, Ice Cream.

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

Why buy this report?

• Get a detailed picture of the Ice Cream and Frozen Desserts 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.

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

Contents

ICE CREAM AND FROZEN DESSERTS IN NIGERIA
KEY DATA FINDINGS
2021 DEVELOPMENTS
As restrictions on movement ease, demand for ice cream rebounds
Regarded by local consumers as an affordable treat, frozen yoghurt dominates
Mobile vendors a key distribution channel for leader Fan Milk
PROSPECTS AND OPPORTUNITIES
In spite of cost increases, a post-pandemic economic rebound will support strong growth in retail volume sales
Retail modernisation will help to drive strong growth in demand for multi-pack and bulk dairy ice cream
Retail modernisation will also make it easier for rivals to challenge the dominance Fan Milk Plc
CATEGORY DATA
Table 1 Sales of Ice Cream and Frozen Desserts by Category: Volume 2016-2021
Table 2 Sales of Ice Cream and Frozen Desserts by Category: Value 2016-2021
Table 3 Sales of Ice Cream and Frozen Desserts by Category: % Volume Growth 2016-2021
Table 4 Sales of Ice Cream and Frozen Desserts by Category: % Value Growth 2016-2021
Table 5 Sales of Impulse Ice Cream by Format: % Value 2016-2021
Table 6 NBO Company Shares of Ice Cream and Frozen Desserts: % Value 2017-2021
Table 7 LBN Brand Shares of Ice Cream and Frozen Desserts: % Value 2018-2021
Table 8 NBO Company Shares of Ice Cream: % Value 2017-2021
Table 9 LBN Brand Shares of Ice Cream: % Value 2018-2021
Table 10 NBO Company Shares of Impulse Ice Cream: % Value 2017-2021
Table 11 LBN Brand Shares of Impulse Ice Cream: % Value 2018-2021
Table 12 NBO Company Shares of Take-home Ice Cream: % Value 2017-2021
Table 13 LBN Brand Shares of Take-home Ice Cream: % Value 2018-2021
Table 14 Distribution of Ice Cream and Frozen Desserts by Format: % Value 2016-2021
Table 15 Distribution of Ice Cream by Format: % Value 2016-2021
Table 16 Forecast Sales of Ice Cream and Frozen Desserts by Category: Volume 2021-2026
Table 17 Forecast Sales of Ice Cream and Frozen Desserts by Category: Value 2021-2026
Table 18 Forecast Sales of Ice Cream and Frozen Desserts by Category: % Volume Growth 2021-2026
Table 19 Forecast Sales of Ice Cream and Frozen Desserts by Category: % Value Growth 2021-2026
CHART 1 Snacks Value Sales Growth Scenarios: 2019-2026
CHART 2 Snacks Impact of Drivers on Value Sales: 2019-2026
SNACKS IN NIGERIA
EXECUTIVE SUMMARY
Snacks in 2021: The big picture
Key trends in 2021
Competitive landscape
Channel developments
What next for snacks?
MARKET DATA
Table 20 Sales of Snacks by Category: Volume 2016-2021
Table 21 Sales of Snacks by Category: Value 2016-2021
Table 22 Sales of Snacks by Category: % Volume Growth 2016-2021
Table 23 Sales of Snacks by Category: % Value Growth 2016-2021
Table 24 NBO Company Shares of Snacks: % Value 2017-2021
Table 25 LBN Brand Shares of Snacks: % Value 2018-2021
Table 26 Distribution of Snacks by Format: % Value 2016-2021
Table 27 Forecast Sales of Snacks by Category: Volume 2021-2026
Table 28 Forecast Sales of Snacks by Category: Value 2021-2026
Table 29 Forecast Sales of Snacks by Category: % Volume Growth 2021-2026
Table 30 Forecast Sales of Snacks by Category: % Value Growth 2021-2026
DISCLAIMER
SOURCES
Summary 1 Research Sources