Nigeria Ready-to-Eat Food Market (2020-2026)

Market Forecast By Product Types (Meat/Poultry Products, Cereal Based Products, Vegetables Based Products & Others), By Packaging Types (Sachet, Canned, Boxed, Frozen or Chilled & Others), By Distribution Channels (Hypermarkets/Supermarkets, Conveniences/Departmental Stores, Specialty Stores, Online Stores & Others) and Competitive Landscape

Product Code: ETC002685 Publication Date: May 2020 Product Type: Report
Publisher: 6Wresearch No. of Pages: 70 No. of Figures: 35 No. of Tables: 5

Nigeria Ready-to-Eat Food Market is expected to grow substantially over the coming years owing to the rise in ready-to-eat (RTE) food production coupled with an increase in demand for convenience food products. However, a decrease in disposable income of the consumer in the first three quarters of 2020, mainly due to the outbreak of the COVID-19 virus would act as a hurdle in the growth of Nigeria's ready-to-eat food market in the near term.

According to 6Wresearch, Nigeria Ready-to-Eat Food Market is anticipated to register growth during 2020-2026. By product types, cereal and vegetables-based products such as whole wheat biscuits, oats, porridge, muesli, and grits are anticipated to witness substantial growth in the Nigeria ready-to-eat food market in the upcoming years due to change in food consumption behavior among consumers. The increasing trend for the consumption of organic and healthy foods in recent years has boosted the demand for the aforementioned products in Nigeria. However, volatility in the price of raw materials including vegetables and cereals, and the imposition of VAT on the packed food is expected to increase the price of ready-to-eat foods thereby acting as a restraint for Nigeria ready-to-eat food market in the years to come.

By distribution channels, conveniences/departmental stores retail stores are expected to register exponential growth during the forecast period (2020-2026F) as Nigeria’s retail market is still untapped. The government of Nigeria has come up with an initiative to reduce the cost of rent for retailers and encourage the development of more functional stores across the country. Further, Real Estate Investment Trust is encouraging foreign investors to invest in Nigeria’s retail sector development program, and also providing long-term finance for the retail sector development. Thus, the expansion of conveniences/departmental stores in the country would create ample demand for ready-to-eat food products in the coming years.

The Nigeria Ready-to-Eat Food market report thoroughly covers the market by product types, packaging types, distribution channels, and regions. Nigeria Ready-to-Eat Food market outlook report provides an unbiased and detailed analysis of the on-going Nigeria Ready-to-Eat Food market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Key Highlights of the Report:

  • Nigeria Ready-to-Eat Food Market Overview
  • Nigeria Ready-to-Eat Food Market Outlook
  • Nigeria Ready-to-Eat Food Market Forecast
  • Historical Data of Nigeria Ready-to-Eat Food Market Revenues for the Period 2016-2019
  • Nigeria Ready-to-Eat Food Market Size & Ready-to-Eat Food Market Forecast of Revenues, Until 2026
  • Historical Data of Nigeria Ready-to-Eat Food Market Revenues, By Product Types, for the Period 2016-2019
  • Market Size & Forecast of Nigeria Ready-to-Eat Food Market Revenues, By Product Types, Until 2026
  • Historical Data of Nigeria Ready-to-Eat Food Market Revenues, By Packaging Types, for the Period 2016-2019
  • Market Size & Forecast of Nigeria Ready-to-Eat Food Market Revenues, By Packaging Types, Until 2026
  • Historical Data of Nigeria Ready-to-Eat Food Market Revenues, By Distribution Channels, for the Period 2016-2019
  • Market Size & Forecast of Nigeria Ready-to-Eat Food Market Revenues, By Distribution Channels, Until 2026
  • Market Drivers and Restraints
  • Nigeria Ready-to-Eat Food Market Trends and Industry Life Cycle
  • Porter’s Five Force Analysis and Market Opportunity Assessment
  • Nigeria Ready-to-Eat Food Market Share, By Players
  • Nigeria Ready-to-Eat Food Market Overview on Competitive Benchmarking
  • Company Profiles
  • Key Strategic Recommendations

Markets Covered

The Nigeria Ready-to-Eat Food Market report provides a detailed analysis of the following market segments:

By Product Types

  • Meat/Poultry Products
  • Cereal Based Products
  • Vegetables Based Products
  • Others

By Packaging Types

  • Sachet
  • Canned
  • Boxed
  • Frozen or Chilled
  • Others

By Distribution Channels

  • Hypermarkets/Supermarkets
  • Conveniences/Departmental Stores
  • Specialty Stores
  • Online Stores
  • Others

Other Key Reports Available:

  • South Africa Ready-to-Eat Food Market Report
  • Kenya Ready-to-Eat Food Market Report

 

1. Executive Summary

2. Introduction

2.1. Report Description

2.2. Key Highlights

2.3. Market Scope & Segmentation

2.4. Research Methodology

2.5. Assumptions

3. Nigeria Ready-to-Eat Food Market Overview

3.1. Nigeria Ready-to-Eat Food Market Revenues, 2016-2026F

3.2. Nigeria Ready-to-Eat Food Market – Industry Life Cycle

3.3. Nigeria Ready-to-Eat Food Market – Porter’s Five Forces

3.4. Nigeria Ready-to-Eat Food Market Revenue  Share, By Product Types, 2019 & 2026F

3.5. Nigeria Ready-to-Eat Food Market Revenue  Share, By Packaging Types, 2019 & 2026F

3.6. Nigeria Ready-to-Eat Food Market Revenue  Share, By Distribution Channels, 2019 & 2026F

3.7. Nigeria Ready-to-Eat Food Market Revenue  Share, By Regions, 2019 & 2026F

4. Nigeria Ready-to-Eat Food Market Dynamics

4.1. Impact Analysis

4.2. Market Drivers

4.3. Market Restraints

5. Nigeria Ready-to-Eat Food Market Trends

6. Nigeria Ready-to-Eat Food Market Overview, By Product Types

6.1. Nigeria Meat/Poultry Ready-to-Eat Food Market Revenues, 2016-2026F

6.2. Nigeria Cereal Based Ready-to-Eat Food Market Revenues, 2016-2026F

6.3. Nigeria Vegetables Based Ready-to-Eat Food Market Revenues, 2016-2026F

6.4. Nigeria Other Ready-to-Eat Food Market Revenues, 2016-2026F

7. Nigeria Ready-to-Eat Food Market Overview, By Packaging Types

7.1. Nigeria Sachet Packaging Ready-to-Eat Food Market Revenues, 2016-2026F

7.2. Nigeria Boxed Packaging Ready-to-Eat Food Market Revenues, 2016-2026F

7.3. Nigeria Canned Packaging Ready-to-Eat Food Market Revenues, 2016-2026F

7.4. Nigeria Frozen or Chilled Packaging Ready-to-Eat Food Market Revenues, 2016-2026F

7.5. Nigeria Other Packaging Ready-to-Eat Food Market Revenues, 2016-2026F

8. Nigeria Ready-to-Eat Food Market Overview, By Distribution Channels

8.1. Nigeria Ready-to-Eat Food Market Revenues, By Convenience/Departmental Stores, 2016-2026F

8.2. Nigeria Ready-to-Eat Food Market Revenues, By Online Stores, 2016-2026F

8.3. Nigeria Ready-to-Eat Food Market Revenues, By Specialty Stores, 2016-2026F

8.4. Nigeria Ready-to-Eat Food Market Revenues, By Hypermarkets/Supermarkets, 2016-2026F

8.5. Nigeria Ready-to-Eat Food Market Revenues, By Other Distribution Channels, 2016-2026F

9. Nigeria Ready-to-Eat Food Market Overview, By Regions

10. Nigeria Ready-to-Eat Food Market Key Performance Indicators

11. Nigeria Ready-to-Eat Food Market Opportunity Assessment

11.1. Nigeria Ready-to-Eat Food Market Opportunity Assessment, By Product Types, 2026F

11.2. Nigeria Ready-to-Eat Food Market Opportunity Assessment, By Packaging Types, 2026F

11.3. Nigeria Ready-to-Eat Food Market Opportunity Assessment, By Distribution Channels, 2026F

12. Nigeria Ready-to-Eat Food Market Competitive Landscape

12.1. Nigeria Ready-to-Eat Food Market Revenue Share, By Company, 2019

12.2. Nigeria Ready-to-Eat Food Market Competitive Benchmarking, By Technical Parameters

13. Company Profiles

14. Recommendations

15. Disclaimer

§

 

South Africa Ready-to-Eat Food Market (2020-2026): Market Forecast By Product Types (Meat/Poultry Products, Cereal Based Products, Vegetables Based Products & Others), By Packaging Types (Sachet, Canned, Boxed, Frozen or Chilled & Others), By Distribution Channels (Hypermarkets/Supermarkets, Conveniences/Departmental Stores, Specialty Stores, Online Stores & Others) and Competitive Landscape

Kenya Ready-to-Eat Food Market (2020-2026): Market Forecast By Product Types (Meat/Poultry Products, Cereal Based Products, Vegetables Based Products & Others), By Packaging Types (Sachet, Canned, Boxed, Frozen or Chilled & Others), By Distribution Channels (Hypermarkets/Supermarkets, Conveniences/Departmental Stores, Specialty Stores, Online Stores & Others) and Competitive Landscape

UAE Ready-to-Eat Food Market (2020-2026): Market Forecast By Product Types (Meat/Poultry Products, Cereal Based Products, Vegetables Based Products & Others), By Packaging Types (Sachet, Canned, Boxed, Frozen or Chilled & Others), By Distribution Channels (Hypermarkets/Supermarkets, Conveniences/Departmental Stores, Specialty Stores, Online Stores & Others) and Competitive Landscape

Saudi Arabia Ready-to-Eat Food Market (2020-2026): Market Forecast By Product Types (Meat/Poultry Products, Cereal Based Products, Vegetables Based Products & Others), By Packaging Types (Sachet, Canned, Boxed, Frozen or Chilled & Others), By Distribution Channels (Hypermarkets/Supermarkets, Conveniences/Departmental Stores, Specialty Stores, Online Stores & Others) and Competitive Landscape

Qatar Ready-to-Eat Food Market (2020-2026): Market Forecast By Product Types (Meat/Poultry Products, Cereal Based Products, Vegetables Based Products & Others), By Packaging Types (Sachet, Canned, Boxed, Frozen or Chilled & Others), By Distribution Channels (Hypermarkets/Supermarkets, Conveniences/Departmental Stores, Specialty Stores, Online Stores & Others) and Competitive Landscape

India Ready-to-Eat Food Market (2020-2026): Market Forecast By Product Types (Meat/Poultry Products, Cereal Based Products, Vegetables Based Products & Others), By Packaging Types (Sachet, Canned, Boxed, Frozen or Chilled & Others), By Distribution Channels (Hypermarkets/Supermarkets, Conveniences/Departmental Stores, Specialty Stores, Online Stores & Others) and Competitive Landscape

Africa Ready-to-Eat Food Market (2020-2026): Market Forecast By Product Types (Meat/Poultry Products, Cereal Based Products, Vegetables Based Products & Others), By Packaging Types (Sachet, Canned, Boxed, Frozen or Chilled & Others), By Distribution Channels (Hypermarkets/Supermarkets, Conveniences/Departmental Stores, Specialty Stores, Online Stores & Others), By Countries (Kenya, Nigeria, South Africa & Rest of Africa) and Competitive Landscape

Asia Pacific (APAC) Ready-to-Eat Food Market (2020-2026): Market Forecast By Product Types (Meat/Poultry Products, Cereal Based Products, Vegetables Based Products & Others), By Packaging Types (Sachet, Canned, Boxed, Frozen or Chilled & Others), By Distribution Channels (Hypermarkets/Supermarkets, Conveniences/Departmental Stores, Specialty Stores, Online Stores & Others), By Countries (India, China, Japan, South Korea, Malaysia, Thailand, Singapore, Indonesia, Vietnam & rest of Asia pacific) and Competitive Landscape

Latin America Ready-to-Eat Food Market (2020-2026): Market Forecast By Product Types (Meat/Poultry Products, Cereal Based Products, Vegetables Based Products & Others), By Packaging Types (Sachet, Canned, Boxed, Frozen or Chilled & Others), By Distribution Channels (Hypermarkets/Supermarkets, Conveniences/Departmental Stores, Specialty Stores, Online Stores & Others), By Countries (Brazil, Argentina, Mexico, Chile & Rest of Latin America) and Competitive Landscape

Middle East Ready-to-Eat Food Market (2020-2026): Market Forecast By Product Types (Meat/Poultry Products, Cereal Based Products, Vegetables Based Products & Others), By Packaging Types (Sachet, Canned, Boxed, Frozen or Chilled & Others), By Distribution Channels (Hypermarkets/Supermarkets, Conveniences/Departmental Stores, Specialty Stores, Online Stores & Others), By Key Countries (Saudi Arabia, Qatar, UAE, Kuwait, Oman, Turkey, Bahrain, Rest of Middle East) and Competitive Landscape

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