Nigeria Food & Drink Report Q2 2016 - New Report Available

From: Fast Market Research, Inc.
Published: Sun Feb 21 2016

Nigeria's dependence on imported food in the midst of a weak naira has resulted in food inflation accelerating faster than core inflation, which has weighed heavily on consumption. Despite economic headwinds, Nigeria's food and drink industry will grow over 2016. The food industry will see resilient growth in essential staple foods, while the drinks industry will see strong growth in the carbonates segment.

Latest Updates & Industry Developments

Food sales (local currency) growth y-o-y in 2016: +10.4%; compound annual growth rate 2015-2020: +10.4%.

High growth rates will be primarily driven by inflation.

Aggressive price competition and favourable conditions will drive growth in carbonated soft drinks sales.

Full Report Details at

Increased investment into infrastructure by the Nigerian government will drive growth in the MGR sector.

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'sNigeria 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

Fast Market Research is a leading distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff is always available to help you find the right research to fit your requirements and your budget.

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)

You may also be interested in these related reports:

- Croatia Food & Drink Report Q2 2016
- Slovenia Food & Drink Report Q2 2016
- Malaysia Food & Drink Report Q2 2016
- Greece Food & Drink Report Q2 2016
- Bulgaria Food & Drink Report Q2 2016

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

Visit website »