Nigeria FMCG Market 2024-2030

    In Stock

    NIGERIA FMCG MARKET

     

    INTRODUCTION

     Consumer products that sell quickly and for a low price are known as fast-moving goods. Consumer packaged goods are another name for these items.

     

    Due to increased consumer demand (such as for soft drinks and confections) or the fact that they are perishable, FMCGs have a limited shelf life (e.g., meat, dairy products, and baked goods).

     

    These products are often purchased, quickly consumed, affordably priced, and widely dispersed. When they are on the store’s shelf, they also experience a high rate of turnover.

     

    Fast-moving consumer goods are non-durable items that are inexpensive and sell quickly.FMCGs sell in large quantities and with poor profit margins.Milk, gum, fruit and vegetables, toilet paper, soda, beer, and over-the-counter medications like aspirin are a few examples of FMCGs.

     

    Customer goods are items that the typical consumer buys to use themselves. They are separated into three groups: services, nondurable commodities, and durable goods.

     

    Nondurable items have a shelf life of less than one year while durable items have a shelf life of three years or more. The greatest subset of consumer goods are those that move quickly.

     

    They are promptly consumed and have a limited shelf life, hence they fall under the category of nondurables. Fast-moving consumer goods (FMCG) are used by almost everyone on the planet every day. They are the little things we buy for ourselves at the produce stand, grocery shop, supermarket, and outlet warehouse.

    infographic;Nigeria FMCG Market, Nigeria FMCG Market Size, Nigeria FMCG Market Trends, Nigeria FMCG Market Forecast, Nigeria FMCG Market Risks, Nigeria FMCG Market Report, Nigeria FMCG Market Share

    More than half of all consumer spending goes toward FMCGs, although these are typically simple purchases. Compared to a new energy drink they bought  at the convenience store, consumers are more likely to show off durable good like a new car or nicely designed smartphone.

     

    NIGERIA FMCG MARKET SIZE AND FORECAST

    The Nigeria FMCG market accounted for $XX Billion in 2023  and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2024 to 2030.

     

    MARKET DYNAMICS

    The major consumer goods firms in Nigeria, including Dangote Sugar Plc, Nascon Plc, Unilever Plc, Nestle Plc, and Cadbury Nigeria Plc, outperformed their earnings in the equivalent year last year by a huge sum of billions. 

     

    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. 

     

    It is defined as an industry with high-quality, quickly moving items at reasonably affordable prices. On the subject of fast-moving businesses in Nigeria and companies that produce fast-moving consumer goods, the largest manufacturers present on the Nigerian market are The Nigerian Breweries, Nestle Nigerian Plc.,

     

    VITAL Products, Unilever Nigeria, Dangote Group, Coca-Cola, Fanta, Sprite, and FRIESLAND CAMPINA Plc. Chi PZ Cussons Limited such as Beloxxi Group The majority of these businesses, along with other smaller ones, frequently act as distributors of fast-moving consumer items.

     

    COMPANY PROFILE

     

    THIS REPORT WILL ANSWER FOLLOWING QUESTIONS

    1. What is the average cost per Nigeria FMCG market right now and how will it change in the next 5-6 years?
    2. Average cost to set up a FMCG market in Nigeria?
    3. How many Nigeria FMCG market are manufactured per annum globally? Who are the sub-component suppliers in different regions?
    4. What is happening in the overall public, globally?
    5. Cost breakup of a Nigeria FMCG market and key vendor selection criteria
    6. Where is the Nigeria FMCG market  manufactured? What is the average margin per equipment?
    7. Market share of Nigeria FMCG market manufacturers and their upcoming products
    8. The most important planned Nigeria FMCG market in next 2 years
    9. Details on network of major Nigeria FMCG market and pricing plans
    10. Cost advantage for OEMs who manufacture Nigeria FMCG market in-house
    11. 5 key predictions for next 5 years in Nigeria FMCG market
    12. Average B-2-B Nigeria FMCG market price in all segments
    13. Latest trends in Nigeria FMCG market, by every market segment
    14. The market size (both volume and value) of Nigeria FMCG market in 2024-2030 and every year in between?
    15. Global production breakup of Nigeria FMCG market, by suppliers and their OEM relationship
    Sl no Topic
    1 Market Segmentation
    2 Scope of the report
    3 Abbreviations
    4 Research Methodology
    5 Executive Summary
    6 Introduction
    7 Insights from Industry stakeholders
    8 Cost breakdown of Product by sub-components and average profit margin
    9 Disruptive innovation in the Industry
    10 Technology trends in the Industry
    11 Consumer trends in the industry
    12 Recent Production Milestones
    13 Component Manufacturing in US, EU and China
    14 COVID-19 impact on overall market
    15 COVID-19 impact on Production of components
    16 COVID-19 impact on Point of sale
    17 Market Segmentation, Dynamics and Forecast by Geography, 2024-2030
    18 Market Segmentation, Dynamics and Forecast by Product Type, 2024-2030
    19 Market Segmentation, Dynamics and Forecast by Application, 2024-2030
    20 Market Segmentation, Dynamics and Forecast by End use, 2024-2030
    21 Product installation rate by OEM, 2024
    22 Incline/Decline in Average B-2-B selling price in past 5 years
    23 Competition from substitute products
    24 Gross margin and average profitability of suppliers
    25 New product development in past 12 months
    26 M&A in past 12 months
    27 Growth strategy of leading players
    28 Market share of vendors, 2024
    29 Company Profiles
    30 Unmet needs and opportunity for new suppliers
    31 Conclusion
    32 Appendix
    0
      0
      Your Cart
      Your cart is emptyReturn to Shop