| Product Code: ETC8620680 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sumit Sagar | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The Nigeria caramel chocolate import market continued to show strong growth in 2024, with top exporting countries being China, India, Netherlands, Belgium, and Indonesia. The High Herfindahl-Hirschman Index (HHI) indicates a market concentration among these exporters. The Compound Annual Growth Rate (CAGR) from 2020 to 2024 stood at 5.03%, with a notable growth rate of 15.14% from 2023 to 2024. This data suggests a positive trend in the demand for caramel chocolate in Nigeria, highlighting opportunities for both domestic and international producers to capitalize on this growing market.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Nigeria Caramel Chocolate Market Overview |
3.1 Nigeria Country Macro Economic Indicators |
3.2 Nigeria Caramel Chocolate Market Revenues & Volume, 2021 & 2031F |
3.3 Nigeria Caramel Chocolate Market - Industry Life Cycle |
3.4 Nigeria Caramel Chocolate Market - Porter's Five Forces |
3.5 Nigeria Caramel Chocolate Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 Nigeria Caramel Chocolate Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing disposable income among the middle-class population in Nigeria leading to higher purchasing power. |
4.2.2 Growing trend of gifting chocolates on various occasions and festivities. |
4.2.3 Rising awareness and preference for premium and exotic chocolate flavors among consumers in Nigeria. |
4.3 Market Restraints |
4.3.1 High import duties and taxes on raw materials for caramel chocolate production leading to increased production costs. |
4.3.2 Limited availability of high-quality raw materials for caramel chocolate production in Nigeria. |
4.3.3 Competition from other confectionery products and substitute products in the market. |
5 Nigeria Caramel Chocolate Market Trends |
6 Nigeria Caramel Chocolate Market, By Types |
6.1 Nigeria Caramel Chocolate Market, By Distribution Channel |
6.1.1 Overview and Analysis |
6.1.2 Nigeria Caramel Chocolate Market Revenues & Volume, By Distribution Channel, 2021- 2031F |
6.1.3 Nigeria Caramel Chocolate Market Revenues & Volume, By Supermarkets and Hypermarkets, 2021- 2031F |
6.1.4 Nigeria Caramel Chocolate Market Revenues & Volume, By Convenience Stores, 2021- 2031F |
6.1.5 Nigeria Caramel Chocolate Market Revenues & Volume, By Non-Grocery Retailers, 2021- 2031F |
7 Nigeria Caramel Chocolate Market Import-Export Trade Statistics |
7.1 Nigeria Caramel Chocolate Market Export to Major Countries |
7.2 Nigeria Caramel Chocolate Market Imports from Major Countries |
8 Nigeria Caramel Chocolate Market Key Performance Indicators |
8.1 Percentage growth in the number of caramel chocolate brands available in the Nigerian market. |
8.2 Increase in the frequency of new product launches and flavor variations within the caramel chocolate segment. |
8.3 Growth in the number of specialty chocolate stores or dedicated sections for premium chocolates in retail outlets in Nigeria. |
9 Nigeria Caramel Chocolate Market - Opportunity Assessment |
9.1 Nigeria Caramel Chocolate Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
10 Nigeria Caramel Chocolate Market - Competitive Landscape |
10.1 Nigeria Caramel Chocolate Market Revenue Share, By Companies, 2024 |
10.2 Nigeria Caramel Chocolate Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |