Full-Service Restaurants in Nigeria

February 2024 | 24 pages | ID: F7E9CDDA275EN
Euromonitor International Ltd

Abstracts

Rising inflation and high importing costs affected the growth of full-service restaurants in 2023, especially those offering international cuisines. Global inflation also reduced tourism in the country, which impacted full-service restaurants as international travellers contribute strongly to the performance of these restaurants. In addition, the significant hike in food prices hindered the importation of the international food brands, resulting in weakened sales growth in 2023.

Euromonitor International's Full-Service Restaurants in Nigeria report offers a comprehensive guide to the size and shape of the market at a national level. It provides foodservice sales, the number of outlets and the number of transactions by sector, allowing you to identify the foodservice sectors driving growth. It identifies the leading companies, the leading brands and offers strategic analysis of key factors influencing the market - be they eating habits, lifestyle changes, tourism spending or legislative issues. Forecasts to 2028 illustrate how the market is set to change.

Product coverage: Chained Full-Service Restaurants, Full-Service Restaurants by Type, Independent Full-Service Restaurants.

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

Why buy this report?

• Get a detailed picture of the Full-Service Restaurants 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

FULL-SERVICE RESTAURANTS IN NIGERIA
KEY DATA FINDINGS
2023 DEVELOPMENTS
Rising costs hamper growth in 2023
Other full-service restaurants benefit from serving local dishes
Strong competition from limited-service restaurants
PROSPECTS AND OPPORTUNITIES
Economic growth and rising interest in international cuisines will support growth
Benefit of lower inflation and technology
Global stability would encourage international travel and boost sales in full-service restaurants
CATEGORY DATA
Table 1 Full-Service Restaurants by Category: Units/Outlets 2018-2023
Table 2 Sales in Full-Service Restaurants by Category: Number of Transactions 2018-2023
Table 3 Sales in Full-Service Restaurants by Category: Foodservice Value 2018-2023
Table 4 Full-Service Restaurants by Category: % Units/Outlets Growth 2018-2023
Table 5 Sales in Full-Service Restaurants by Category: % Transaction Growth 2018-2023
Table 6 Sales in Full-Service Restaurants by Category: % Foodservice Value Growth 2018-2023
Table 7 Forecast Full-Service Restaurants by Category: Units/Outlets 2023-2028
Table 8 Forecast Sales in Full-Service Restaurants by Category: Number of Transactions 2023-2028
Table 9 Forecast Sales in Full-Service Restaurants by Category: Foodservice Value 2023-2028
Table 10 Forecast Full-Service Restaurants by Category: % Units/Outlets Growth 2023-2028
Table 11 Forecast Sales in Full-Service Restaurants by Category: % Transaction Growth 2023-2028
Table 12 Forecast Sales in Full-Service Restaurants by Category: % Foodservice Value Growth 2023-2028
CONSUMER FOODSERVICE IN NIGERIA
EXECUTIVE SUMMARY
Consumer foodservice in 2023: The big picture
2023 key trends
Competitive landscape
Independent foodservice developments
What next for consumer foodservice?
MARKET DATA
Table 13 Units, Transactions and Value Sales in Consumer Foodservice 2018-2023
Table 14 Units, Transactions and Value Sales in Consumer Foodservice: % Growth 2018-2023
Table 15 Consumer Foodservice by Independent vs Chained by Type: Units/Outlets 2023
Table 16 Consumer Foodservice by Independent vs Chained: % Foodservice Value 2018-2023
Table 17 Sales in Consumer Foodservice by Food vs Drink Split: % Foodservice Value 2018-2023
Table 18 Sales in Consumer Foodservice by Food vs Drink Split by Type: % Foodservice Value 2023
Table 19 Sales in Consumer Foodservice by Location: % Foodservice Value 2018-2023
Table 20 Sales in Consumer Foodservice by Fulfillment: % Foodservice Value 2018-2023
Table 21 GBO Company Shares in Chained Consumer Foodservice: % Foodservice Value 2019-2023
Table 22 GBN Brand Shares in Chained Consumer Foodservice: % Foodservice Value 2020-2023
Table 23 GBN Brand Shares in Chained Consumer Foodservice: Units/Outlets 2023
Table 24 Forecast Units, Transactions and Value Sales in Consumer Foodservice 2023-2028
Table 25 Forecast Units, Transactions and Value Sales in Consumer Foodservice: % Growth 2023-2028
DISCLAIMER
SOURCES
Summary 1 Research Sources