Nigeria Beverages Consumption Trends and Forecasts Tracker, Q3 2024
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Nigeria Beverages Market Report Overview
The Nigeria beverages market size was 5.18 billion liters (BL) in Q3 2024. The Nigeria beverages market research report offers comprehensive consumption volume data across several beverage categories for Q3 2024. Furthermore, the report precisely lists new product launches and highlights the latest beverage industry performance and developments every quarter.
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Nigeria Beverages Market Segmentation by Categories
Nigeria Beverages Market Analysis by Categories, Q3 2024 (%)
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Soft drinks, dairy & soy drinks & milk alternatives, alcoholic drinks, and hot drinks are the primary Nigeria beverages market categories. In Q3 2024, soft drinks accounted for the highest beverage market share in Nigeria.
Soft drinks: The primary sub-categories are packaged water, carbonates, bulk/HOD water, still drinks, and energy drinks, among others. Packaged water accounted for the highest consumption volume in Q3 2024.
Soft Drinks Beverages Market Analysis by Sub-Categories, Q3 2024 (%)
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Dairy and soy drinks and milk alternatives: The key sub-categories are flavored milk, white milk, and drinking yogurt, among others within the dairy and soy drinks and milk alternatives sector. Flavored milk accounted for the highest volume in the Nigeria beverages market.
Alcoholic drinks: Beer, specialty spirits, and liqueurs, among others are the major sub-categories within the alcoholic drinks sector. In Q3 2024, beer was the leading sub-category with the highest consumption volume in the Nigeria beverages market.
Hot drinks: Hot tea, hot coffee, and other hot drinks are the main sub-categories within the hot drinks sector. Hot tea was the most consumed sub-category in the Nigeria beverages market.
| Time Period | Q3 2024 |
| Consumption Volume (Q3 2024) | 5.18 billion liters (BL) |
| Key Segments | · Soft Drinks
· Dairy and Soy Drinks and Milk Alternatives · Alcoholic Drinks · Hot Drinks |
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Segments Covered in the Report
Nigeria Beverages Market Segments Outlook (Volume, Billion Liters, Q3 2024)
- Soft Drinks
- Packaged Water
- Carbonates
- Bulk/HOD Water
- Still Drinks
- Energy Drinks
- Iced/RTD Tea Drinks
- Squash/Syrups
- Fruit Powders
- Sports Drinks
- Nectars
- Juice
- Enhanced Water
- Flavored Water
- Dairy & Soy Drinks & Milk Alternatives
- Flavored Milk
- White Milk
- Drinking Yogurt
- Evaporated Milk
- Grain, Nut, Rice and Seed Milk Alternative Drinks
- Fermented Milk
- Condensed Milk
- Soymilk
- Alcoholic Drinks
- Beer
- Specialty Spirits
- Liqueurs
- Fortified Wine
- Rum
- Whisk(e)y
- Sparkling Wine
- Cider
- Vodka
- Brandy
- Tequila & Mezcal
- Still Wine
- Flavored Alcoholic Beverages
- Gin & Genever
- Sorghum Beer
- Hot Drinks
- Hot Tea
- Hot Coffee
- Other Hot Drinks
Scope
The report provides:
- Top line consumption volumes for Q3-2024 vs Q3-2023, moving annual totals (MAT), the full year 2023 provisional data, and 2024 forecasts for all beverage categories.
- Carbonates consumption data for Q3-2024 vs Q3-2023, moving annual totals (MAT), the full year 2023 provisional data, and 2024 forecasts split by regular vs low calorie, and key flavor.
- An economic mood indicator with an at a glance assessment of industry confidence levels, private label performance vs brands, and price trends.
- Insightful and valuable analysis of the drivers behind the latest quarterly trends and assumptions for the full year 2024.
Reasons to Buy
- Gain an in-depth understanding of the most up-to-date trends in the Nigeria beverage industry to support and enhance your strategic planning.
- Investigate the latest quarterly and emerging annual trends in Nigeria to back your marketing initiatives.
- Analyze the latest beverage category 2024 forecast projections to make well-informed decisions on the outlook in the marketplace for your company.
- View a selection of the key quarterly new soft drinks product launches and identify competitor activity.
- Access a quarterly special focus on a current industry ‘hot topic’ offering qualitative insight from local consultants to determine opportunities for product innovation.
Table of Contents
Frequently asked questions
-
What was the Nigeria beverages market consumption volume in Q3 2024?
The beverage market consumption volume in Nigeria was 5.18 billion liters (BL) in Q3 2024.
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What are the key categories in the Nigeria beverages market?
The key categories in the Nigeria beverages market are soft drinks, dairy & soy drinks & milk alternatives, alcoholic drinks, and hot drinks.
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Which was the leading category in the Nigeria beverages market in Q3 2024?
In Q3 2024, soft drinks was the leading category in the Nigeria beverages market.
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Which were the primary sub-segments in the soft drinks category in Q3 2024?
In Q3 2024, the primary sub-segments were packaged water, carbonates, bulk/hod water, still drinks, and energy drinks, among others in the Nigeria beverages market.
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