The revenue in the food market in Nigeria was modeled to be ************** U.S. dollars in 2024. Following a continuous upward trend, the revenue has risen by ************* U.S. dollars since 2018. Between 2024 and 2030, the revenue will rise by ************** U.S. dollars, continuing its consistent upward trajectory.Further information about the methodology, more market segments, and metrics can be found on the dedicated Market Insights page on Food.

In Nigeria FMCG Market, The revenue growth recorded by the companies is remarkable in light of the economic disruptions in the global economy caused by the knock-on effects on energy, power, and food costs, among others, caused by the Russia-Ukraine conflict and the pressure of global inflation on household budgets.

The revenue in the beauty & personal care market in Nigeria was forecast to continuously increase between 2025 and 2030 by in total *** billion U.S. dollars (+***** percent). After the tenth consecutive increasing year, the revenue is estimated to reach ***** billion U.S. dollars and therefore a new peak in 2030. Notably, the revenue of the beauty & personal care market was continuously increasing over the past years.Find further information concerning the average revenue per capita in the beauty & personal care market in Australia and the revenue in the beauty & personal care market in Brazil. The Statista Market Insights cover a broad range of additional markets.

The Nigerian food and beverage market, a dynamic sector driven by a burgeoning population and rising disposable incomes, presents significant growth opportunities. While precise market size figures are unavailable, considering the presence of major multinational players like Nestle, Unilever, and Coca-Cola alongside strong domestic brands like Dangote Group and FrieslandCampina Wamco, a 2025 market value exceeding $20 billion (USD) is a reasonable estimate. This is supported by the significant presence of diverse product segments, including beverages (alcoholic and non-alcoholic), processed foods, dairy, confectionery, and bakery items. The market's growth is fueled by factors such as increasing urbanization, changing consumer preferences towards convenience foods and branded products, and the expansion of retail channels including supermarkets and e-commerce platforms. However, challenges exist, including fluctuating currency exchange rates, infrastructure limitations impacting distribution, and competition from informal sector players. The forecast period (2025-2033) anticipates a sustained CAGR, conservatively estimated at 5-7%, reflecting the resilience of the market despite potential headwinds. This growth will likely be uneven across segments. The beverages sector, particularly non-alcoholic beverages, will likely continue to dominate due to high consumption rates, while the processed foods segment is projected to experience robust expansion driven by increasing demand for convenience and ready-to-eat options. Successful companies will strategically focus on product innovation, adapting to shifting consumer tastes and preferences, optimizing distribution networks to overcome infrastructural constraints, and leveraging digital marketing to reach broader consumer segments. A focus on affordable, high-quality products will be critical in a market with a diverse consumer base.

The revenue in the 'Bread & Cereal Products' segment of the food market in Nigeria was modeled to stand at ************* U.S. dollars in 2024. Following a continuous upward trend, the revenue has risen by ************* U.S. dollars since 2018. Between 2024 and 2030, the revenue will rise by ************* U.S. dollars, continuing its consistent upward trajectory.Further information about the methodology, more market segments, and metrics can be found on the dedicated Market Insights page on Bread & Cereal Products.

Nigeria Pouch Packaging Market size was valued at USD 0.23 Billion in 2024 and is projected to reach USD 0.31 Billion by 2032, growing at a CAGR of 4.11% from 2026 to 2032.Key Market DriversRising Fast-Moving Consumer Goods (FMCG) Sector: The Nigerian FMCG sector has grown significantly, resulting in increased demand for flexible pouch packaging solutions. According to the Nigerian Bureau of Statistics (NBS), Nigeria's consumer goods sector expanded by 8.7% in 2023, with packaged food and beverages accounting for almost 65% of total FMCG sales. The National Agency for Food and Drug Administration and Control (NAFDAC) reported a 23% rise in registered packaged food products between 2021 and 2023, with more than 70% using flexible pouch packaging designs.

The revenue in the 'Sauces & Spices' segment of the food market in Nigeria was modeled to amount to *********** U.S. dollars in 2024. Following a continuous upward trend, the revenue has risen by ************ U.S. dollars since 2018. Between 2024 and 2030, the revenue will rise by ************ U.S. dollars, continuing its consistent upward trajectory.Further information about the methodology, more market segments, and metrics can be found on the dedicated Market Insights page on Sauces & Spices.

Nigeria plastic packaging market is estimated to grow at a CAGR of 8.1% during 2025-2032 due to rapid urbanization combined with the rise in ecommerce sector

The volume in the 'Confectionery & Snacks' segment of the food market in Nigeria was forecast to continuously increase between 2025 and 2030 by in total *** billion kilograms (+***** percent). After the eighth consecutive increasing year, the volume is estimated to reach **** billion kilograms and therefore a new peak in 2030. Find further information concerning the average revenue per capita in the 'Yogurt' segment of the food market in Denmark and the average volume per capita in the 'Bread' segment of the food market in Armenia. The Statista Market Insights cover a broad range of additional markets.

Nigeria Cosmetic Market is predicted to expand at a significant CAGR of 13.5% during 2024-2031, driven by rapid urbanization and increasing incomes

In 2024, the volume in the 'Snack Food' segment of the food market in Nigeria was modeled to be ************** kilograms. Between 2018 and 2024, the figure dropped by ************* kilograms, though the decline followed an uneven course rather than a steady trajectory. The forecast shows the volume will steadily grow by ************* kilograms from 2024 to 2030.Further information about the methodology, more market segments, and metrics can be found on the dedicated Market Insights page on Snack Food.

The price per unit in the food market in Nigeria was modeled to be **** U.S. dollars in 2024. Following a continuous upward trend, the price per unit has risen by **** U.S. dollars since 2018. Between 2024 and 2030, the price per unit will rise by **** U.S. dollars, continuing its consistent upward trajectory.Further information about the methodology, more market segments, and metrics can be found on the dedicated Market Insights page on Food.

The revenue in the 'Convenience Food' segment of the food market in Nigeria was forecast to continuously increase between 2025 and 2030 by in total *** billion U.S. dollars (+***** percent). After the seventh consecutive increasing year, the revenue is estimated to reach ***** billion U.S. dollars and therefore a new peak in 2030. Find further information concerning the volume in the 'Meat' segment of the food market in Japan and the price per unit in the 'Convenience Food' segment of the food market in Nigeria. The Statista Market Insights cover a broad range of additional markets.

The revenue in the 'Snack Food' segment of the food market in Nigeria was modeled to be ************ U.S. dollars in 2024. Between 2018 and 2024, the revenue rose by *********** U.S. dollars, though the increase followed an uneven trajectory rather than a consistent upward trend. The revenue will steadily rise by ************ U.S. dollars over the period from 2024 to 2030, reflecting a clear upward trend.Further information about the methodology, more market segments, and metrics can be found on the dedicated Market Insights page on Snack Food.

The volume in the tissue & hygiene paper market in Nigeria was modeled to be *********** kilograms in 2024. Between 2018 and 2024, the volume rose by *********** kilograms, though the increase followed an uneven trajectory rather than a consistent upward trend. The volume will steadily rise by *********** kilograms over the period from 2024 to 2029, reflecting a clear upward trend.Further information about the methodology, more market segments, and metrics can be found on the dedicated Market Insights page on Tissue & Hygiene Paper.

The revenue in the diy & hardware store market in Nigeria was modeled to be ************* U.S. dollars in 2024. Between 2018 and 2024, the revenue rose by ************ U.S. dollars, though the increase followed an uneven trajectory rather than a consistent upward trend. The revenue will steadily rise by ************ U.S. dollars over the period from 2024 to 2029, reflecting a clear upward trend.Further information about the methodology, more market segments, and metrics can be found on the dedicated Market Insights page on DIY & Hardware Store.

The revenue in the 'Confectionery & Snacks' segment of the food market in Nigeria was modeled to stand at ************ U.S. dollars in 2024. Between 2018 and 2024, the revenue rose by *********** U.S. dollars, though the increase followed an uneven trajectory rather than a consistent upward trend. The revenue will steadily rise by ************ U.S. dollars over the period from 2024 to 2030, reflecting a clear upward trend.Further information about the methodology, more market segments, and metrics can be found on the dedicated Market Insights page on Confectionery & Snacks.

The combined volume in the non-alcoholic drinks market in Nigeria was modeled to stand at ************* litres in 2024. Following a continuous upward trend, the combined volume has risen by *********** litres since 2018. Between 2024 and 2029, the combined volume will rise by ************ litres, continuing its consistent upward trajectory.Further information about the methodology, more market segments, and metrics can be found on the dedicated Market Insights page on Non-Alcoholic Drinks.

The price per unit in the 'Dairy Products & Eggs' segment of the food market in Nigeria was modeled to stand at **** U.S. dollars in 2024. Following a continuous upward trend, the price per unit has risen by **** U.S. dollars since 2018. Between 2024 and 2030, the price per unit will rise by *** U.S. dollars, continuing its consistent upward trajectory.Further information about the methodology, more market segments, and metrics can be found on the dedicated Market Insights page on Dairy Products & Eggs.

The volume in the consumer electronics market in Nigeria was forecast to continuously increase between 2024 and 2029 by in total **** million pieces (+***** percent). After the seventh consecutive increasing year, the indicator is estimated to reach ****** million pieces and therefore a new peak in 2029. Find more key insights for the volume in countries and regions like the average revenue per capita in the consumer electronics market in Norway and the price per unit in the 'TV, Radio & Multimedia' segment of the consumer electronics market in the world. The Statista Market Insights cover a broad range of additional markets.