Nigeria Food & Drink Report Q1 2016 - New Study Released

From: Fast Market Research, Inc.
Published: Mon Nov 23 2015

Nigeria 's economy will continue to grow at a constrained rate due to the oil price collapse. Our growth forecasts for Nigeria in 2015 and 2016 are 3.8% and 2.7% respectively. The long-term outlook is impacted by the difficulties of implementing policies that facilitate a transition to a growth model that is not driven by oil. Nigeria's reliance on imported consumer goods coupl ed with the devaluation of the n aira will result in high inflation in the short-term; we forecast it to end the year at 9.7%. This will weigh heavily on consumption.

Headline Industry Forecasts

Per capita food consumption (local currency) 2015 = 62,698; forecast compound annual growth rate (CAGR) - 2015 to 2019 = +7.05%
Beer volume sales (mn litres) 2015 = 1,865; forecast CAGR 2014 to 2019 - +2.37%
Mass grocery retail sales (NGN per capita) 2015 = 13637; forecast CAGR 2014 to 2019 = +38.75%

Full Report Details at

The Nigeria Food & Drink Report features BMI Research's market assessment and independent forecasts for food and drink expenditure, consumption, sales, and imports/exports and forecasts for the mass grocery retail sector. The report also includes analyses of major regulatory developments, the background macroeconomic outlook and competitive landscape comparing national and multinational companies by leading products and services, sales, investments, partners and expansion strategies.

BMI's Nigeria Food & Drink Report provides industry professionals and strategists, sector analysts, business investors, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the food and drink industry and the mass grocery retail market in Nigeria.

Key Benefits

* Benchmark BMI's independent food and drink industry forecasts for Nigeria to test other views - a key input for successful budgeting and strategic business planning in the Nigerian food and drink market.
* Target business opportunities and risks in Nigeria through our reviews of latest industry trends, regulatory changes and major deals, projects and investments.
* Exploit latest competitive intelligence on your competitors, partners and clients via our Company Profiles (inc. SWOTs, KPIs and latest activity) and Competitive Landscape Tables.


BMI Industry View

Summary of BMI’s key industry forecasts and views, covering food and drink manufacturing and consumption and the mass grocery retail market.

Industry SWOT Analysis

Analysis of the major strengths, weaknesses, opportunities and threats within the food, drink and mass grocery retail sectors and within the broader political, economic and business environment.

BMI’s Food and Drink Risk Reward Index

About Fast Market Research

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For more information about these or related research reports, please visit our website at or call us at 1.800.844.8156 (1.413.485.7001 Int'l)

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Company: Fast Market Research, Inc.
Contact Name: Bill Thompson
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Contact Phone: 1-413-485-7001

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