Nigeria Alcoholic Beverage Market (2020-2026) | Growth, Share, Outlook, Forecast, Revenue, COVID-19 IMPACT, Analysis, Industry, Trends, Value, Size & Companies

Nigeria Alcoholic Beverage market is anticipated to register sound growth projections during the forecast period 2020-26F on the back of rising employment coupled with an increasing trend of alcohol consumption among the youth. However, the spread of the COVID-19 virus is leading to the alcoholic beverage industry in the country in the first few months of 2020 on the back of complete lockdown in the country along with a ban on the sales of alcoholic beverages, thus acting as a restraint for the growth of Nigeria Alcoholic Beverage market during the year 2020.

According to 6Wresearch, Nigeria Alcoholic Beverage Market is anticipated to witness growth during the forecast period 2020-26F. Nigeria is among the fastest-growing alcoholic beverage market in the African region owing to the fast rate of urbanization in the country coupled with population growth and an increase in leisure time and quality dining spending amongst Nigerians. According to the World Bank, Nigeria is the second-largest consumer of alcohol in the overall African region. Further, Nigeria's alcoholic beverage market is expected to offer lucrative investment opportunities for potential investors in the coming years owing to increased consumer spending on alcohol along with the growing establishment of restaurants, bars, and pubs.

On the basis of types, beer is expected to register the highest growth in the overall Nigeria alcoholic beverage market in the coming years owing to affordable beer prices in the country. Further, on the basis of distribution channels, maximum sales revenue in the Nigeria alcoholic beverage market is anticipated to be registered from restaurants, bars, and pubs backed by increased drinking activities witnessed amongst the Nigerians at restaurants and bars and is expected to benefit the growth of the overall Nigeria alcoholic beverage market during the projected period. 

The Nigeria Alcoholic Beverage report thoroughly covers the market by Types, Packaging, and Distribution Channels. Nigeria Alcoholic Beverage outlook report provides an unbiased and detailed analysis of the on-going Nigeria Alcoholic Beverage trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies accordingly to the current and future market dynamics.  Nigeria Alcoholic Beverage market is anticipated to register sound growth projections during the forecast period 2020-26F on the back of rising employment coupled with increasing participation of the youth in alcohol consumption. Nigeria has huge potential for growth in the overall Africa alcoholic beverage market owing to the fast rate of urbanization in the country coupled with population growth and an increase in leisure time and quality dining spending amongst the Nigerians. Moreover, according to the World Bank, Nigerian has the second-largest consumer spending on alcohol in the overall African region which makes Nigeria’s alcoholic beverage market, a lucrative market for investment. On the basis of types, beer is expected to register the highest growth in the overall Nigeria alcoholic beverage market in the coming years owing to affordable beer prices in the country coupled with mid-priced beer brands gaining dominance. Further, on the basis of distribution channels, maximum sales revenue in the Nigeria alcoholic beverage market is anticipated to be registered from restaurants, bars, and pubs backed by increased drinking activities witnessed amongst the Nigerians at restaurants and bars and is expected to benefit the growth of the overall Nigeria alcoholic beverage market during the projected period.

Nigeria Alcoholic Beverage market is anticipated to register sound growth projections during the forecast period 2020-26F on the back of rising employment coupled with increasing participation of the youth in alcohol consumption. Nigeria has huge potential for growth in the overall Nigeria alcoholic beverage market owing to the fast rate of urbanization in the country coupled with population growth and an increase in leisure time and quality dining spending amongst the Nigerians. Moreover, according to the World Bank, Nigeria has the second-largest consumer spending on alcohol in the overall Nigerian region which makes the Nigeria’s alcoholic beverage market, a lucrative market for investment. On the basis of types, beer is expected to register the highest growth in the overall Nigeria alcoholic beverage market in the coming years owing to affordable beer prices in the country coupled with mid-priced beer brands gaining dominance. Further, on the basis of distribution channels, maximum sales revenue in the Nigeria alcoholic beverage market is anticipated to be registered from restaurants, bars, and pubs backed by increased drinking activities witnessed amongst the Nigerians at restaurants and bars and is expected to benefit the growth of the overall Nigeria alcoholic beverage market during the projected period. 

Key Highlights of the Report:

• Nigeria Alcoholic Beverage Market Overview
• Nigeria Alcoholic Beverage Market Outlook
• Nigeria Alcoholic Beverage Market Forecast
• Nigeria Alcoholic Beverage Market Size and Nigeria Alcoholic Beverage Market Forecast until 2025
• Nigeria Alcoholic Beverage Market Share, By Types
• Nigeria Alcoholic Beverage Market Share, By Packaging
• Nigeria Alcoholic Beverage Market Share, By Distribution Channels
• Nigeria Alcoholic Beverage Market Share, By Region
• Historical Data of Nigeria Alcoholic Beverage Market Revenues and Volume for the period, 2015-2018
• Market size and Forecast of Nigeria Alcoholic Beverage Market Revenues and Volume until 2025
• Historical Data of Nigeria Alcoholic Beverage Market Revenues and Volume, By Types, for the Period 2015-2018
• Market size and Forecast of Nigeria Alcoholic Beverage Market Revenues and Volume, By Types, until 2025
• Historical Data of Nigeria Alcoholic Beverage Market Revenues and Volume, By Packaging, for the Period 2015-2018
• Market size and Forecast of Nigeria Alcoholic Beverage Market Revenues and Volume, By Packaging, until 2025
• Historical Data of Nigeria Alcoholic Beverage Market Revenues and Volume, By Distribution Channels, for the Period 2015-2018
• Market size and Forecast of Nigeria Alcoholic Beverage Market Revenues and Volume, By Distribution Channels, until 2025
• Historical Data of Nigeria Alcoholic Beverage Market Revenues and Volume, By Region, for the Period 2015-2018
• Market size and Forecast of Nigeria Alcoholic Beverage Market Revenues and Volume, By Region, until 2025
• Nigeria Alcoholic Beverage Market Drivers and Restraints
• Nigeria Alcoholic Beverage Market Trends and Industry Life Cycle
• Porter’s Five Force Analysis
• Nigeria Alcoholic Beverage Market Opportunity Assessment
• Nigeria Alcoholic Beverage Market Revenue Share, By Company
• Nigeria Alcoholic Beverage Market Overview on Competitive Benchmarking
• Company Profiles
• Key Strategic Recommendations

Nigeria Alcoholic Beverage Market Report Covered:

The Nigeria Alcoholic Beverage Market report provides a detailed analysis of the following market segments:

• By Types:
• Beer
• Spirit
• Wine
  
  
• By Packaging:
• Plastic Bottles
• Glass Bottles
• Cans 
  
  
• By Distribution Channels:
• Hypermarkets/Supermarkets
• Online Retail Stores
• Specialty Stores
• Restaurants/Bars 

Frequently Asked Questions About the Market Study (FAQs):