Edible Oils in Nigeria

November 2023 | 20 pages | ID: EC7664112D7EN
Euromonitor International Ltd

Abstracts

Edible oils declined in volume terms in 2023, following only weak volume growth in 2022. Inflationary conditions that had been strong in 2022 worsened in 2023 due to the continuing depreciation of the local currency, a government policy of demonetisation, and steep rises in fuel prices introduced in 2023. Unit prices, therefore, continued to increase strongly during the year. Disposable income had severely weakened, leading to consumers cutting consumption. Although edible oils is quite essentia...

Euromonitor International's 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 2018-2022, 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 2027, 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.

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

Edible Oils in Nigeria
Euromonitor International
November 2023
List Of Contents And Tables
EDIBLE OILS IN NIGERIA
KEY DATA FINDINGS

2023 DEVELOPMENTS

Inflationary conditions drive reduced volume sales in 2023
Company activity limited by reduced margins
Other edible oils is best performer
PROSPECTS AND OPPORTUNITIES
Edible oils to recover well on the back of an improved economy
Dynamic brand competition to drive performance
Health awareness to spur interest in high quality edible oils
CATEGORY DATA
Table 1 Sales of Edible Oils by Category: Volume 2018-2023
Table 2 Sales of Edible Oils by Category: Value 2018-2023
Table 3 Sales of Edible Oils by Category: % Volume Growth 2018-2023
Table 4 Sales of Edible Oils by Category: % Value Growth 2018-2023
Table 5 NBO Company Shares of Edible Oils: % Value 2019-2023
Table 6 LBN Brand Shares of Edible Oils: % Value 2020-2023
Table 7 Distribution of Edible Oils by Format: % Value 2018-2023
Table 8 Forecast Sales of Edible Oils by Category: Volume 2023-2028
Table 9 Forecast Sales of Edible Oils by Category: Value 2023-2028
Table 10 Forecast Sales of Edible Oils by Category: % Volume Growth 2023-2028
Table 11 Forecast Sales of Edible Oils by Category: % Value Growth 2023-2028
COOKING INGREDIENTS AND MEALS IN NIGERIA
EXECUTIVE SUMMARY
Cooking ingredients and meals in 2023: The big picture
Key trends in 2023
Competitive landscape
Channel developments
What next for cooking ingredients and meals?
MARKET DATA
Table 12 Sales of Cooking Ingredients and Meals by Category: Volume 2018-2023
Table 13 Sales of Cooking Ingredients and Meals by Category: Value 2018-2023
Table 14 Sales of Cooking Ingredients and Meals by Category: % Volume Growth 2018-2023
Table 15 Sales of Cooking Ingredients and Meals by Category: % Value Growth 2018-2023
Table 16 NBO Company Shares of Cooking Ingredients and Meals: % Value 2019-2023
Table 17 LBN Brand Shares of Cooking Ingredients and Meals: % Value 2020-2023
Table 18 Penetration of Private Label by Category: % Value 2018-2023
Table 19 Distribution of Cooking Ingredients and Meals by Format: % Value 2018-2023
Table 20 Forecast Sales of Cooking Ingredients and Meals by Category: Volume 2023-2028
Table 21 Forecast Sales of Cooking Ingredients and Meals by Category: Value 2023-2028
Table 22 Forecast Sales of Cooking Ingredients and Meals by Category: % Volume Growth 2023-2028
Table 23 Forecast Sales of Cooking Ingredients and Meals by Category: % Value Growth 2023-2028
DISCLAIMER
SOURCES
Summary 1 Research Sources