| Product Code: ETC8621306 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Summon Dutta | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
Despite the negative CAGR and significant decline in growth rate in 2024, Nigeria continues to heavily rely on imports of chocolate, cocoa beans, lecithin, sugar, and vanilla. The top exporting countries - Brazil, China, Marshall Islands, USA, and Belgium - maintain a strong presence in the Nigerian market. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market, potentially posing challenges for competition and pricing. With a focus on sustainable sourcing and product quality, stakeholders in the Nigerian chocolate and cocoa industry may need to strategize effectively to navigate these market dynamics in the coming years.

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 Chocolate, Cocoa Beans, Lecithin, Sugar & Vanilla Market Overview |
3.1 Nigeria Country Macro Economic Indicators |
3.2 Nigeria Chocolate, Cocoa Beans, Lecithin, Sugar & Vanilla Market Revenues & Volume, 2021 & 2031F |
3.3 Nigeria Chocolate, Cocoa Beans, Lecithin, Sugar & Vanilla Market - Industry Life Cycle |
3.4 Nigeria Chocolate, Cocoa Beans, Lecithin, Sugar & Vanilla Market - Porter's Five Forces |
3.5 Nigeria Chocolate, Cocoa Beans, Lecithin, Sugar & Vanilla Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Nigeria Chocolate, Cocoa Beans, Lecithin, Sugar & Vanilla Market Revenues & Volume Share, By End-Use, 2021 & 2031F |
4 Nigeria Chocolate, Cocoa Beans, Lecithin, Sugar & Vanilla Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing consumer preference for premium and artisanal chocolates |
4.2.2 Rising disposable income leading to increased purchasing power |
4.2.3 Expansion of retail distribution channels in Nigeria |
4.3 Market Restraints |
4.3.1 Fluctuating prices of raw materials like cocoa beans and sugar |
4.3.2 Competition from imported chocolate brands |
4.3.3 Lack of awareness and education about the benefits of using lecithin in chocolate production |
5 Nigeria Chocolate, Cocoa Beans, Lecithin, Sugar & Vanilla Market Trends |
6 Nigeria Chocolate, Cocoa Beans, Lecithin, Sugar & Vanilla Market, By Types |
6.1 Nigeria Chocolate, Cocoa Beans, Lecithin, Sugar & Vanilla Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Nigeria Chocolate, Cocoa Beans, Lecithin, Sugar & Vanilla Market Revenues & Volume, By Product Type, 2021- 2031F |
6.1.3 Nigeria Chocolate, Cocoa Beans, Lecithin, Sugar & Vanilla Market Revenues & Volume, By Dark Chocolate, 2021- 2031F |
6.1.4 Nigeria Chocolate, Cocoa Beans, Lecithin, Sugar & Vanilla Market Revenues & Volume, By Milk Chocolate, 2021- 2031F |
6.1.5 Nigeria Chocolate, Cocoa Beans, Lecithin, Sugar & Vanilla Market Revenues & Volume, By White Chocolate, 2021- 2031F |
6.1.6 Nigeria Chocolate, Cocoa Beans, Lecithin, Sugar & Vanilla Market Revenues & Volume, By Cocoa Beans, 2021- 2031F |
6.1.7 Nigeria Chocolate, Cocoa Beans, Lecithin, Sugar & Vanilla Market Revenues & Volume, By Lecithin, 2021- 2031F |
6.1.8 Nigeria Chocolate, Cocoa Beans, Lecithin, Sugar & Vanilla Market Revenues & Volume, By Sugar, 2021- 2031F |
6.2 Nigeria Chocolate, Cocoa Beans, Lecithin, Sugar & Vanilla Market, By End-Use |
6.2.1 Overview and Analysis |
6.2.2 Nigeria Chocolate, Cocoa Beans, Lecithin, Sugar & Vanilla Market Revenues & Volume, By Food & Beverages, 2021- 2031F |
6.2.3 Nigeria Chocolate, Cocoa Beans, Lecithin, Sugar & Vanilla Market Revenues & Volume, By Cosmetics, 2021- 2031F |
6.2.4 Nigeria Chocolate, Cocoa Beans, Lecithin, Sugar & Vanilla Market Revenues & Volume, By Pharmaceuticals, 2021- 2031F |
6.2.5 Nigeria Chocolate, Cocoa Beans, Lecithin, Sugar & Vanilla Market Revenues & Volume, By Others, 2021- 2031F |
7 Nigeria Chocolate, Cocoa Beans, Lecithin, Sugar & Vanilla Market Import-Export Trade Statistics |
7.1 Nigeria Chocolate, Cocoa Beans, Lecithin, Sugar & Vanilla Market Export to Major Countries |
7.2 Nigeria Chocolate, Cocoa Beans, Lecithin, Sugar & Vanilla Market Imports from Major Countries |
8 Nigeria Chocolate, Cocoa Beans, Lecithin, Sugar & Vanilla Market Key Performance Indicators |
8.1 Percentage increase in the number of premium chocolate brands available in the Nigerian market |
8.2 Growth in the number of retail outlets stocking locally produced chocolate products |
8.3 Increase in the adoption of sustainable practices in cocoa bean cultivation and processing |
9 Nigeria Chocolate, Cocoa Beans, Lecithin, Sugar & Vanilla Market - Opportunity Assessment |
9.1 Nigeria Chocolate, Cocoa Beans, Lecithin, Sugar & Vanilla Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Nigeria Chocolate, Cocoa Beans, Lecithin, Sugar & Vanilla Market Opportunity Assessment, By End-Use, 2021 & 2031F |
10 Nigeria Chocolate, Cocoa Beans, Lecithin, Sugar & Vanilla Market - Competitive Landscape |
10.1 Nigeria Chocolate, Cocoa Beans, Lecithin, Sugar & Vanilla Market Revenue Share, By Companies, 2024 |
10.2 Nigeria Chocolate, Cocoa Beans, Lecithin, Sugar & Vanilla Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |