Market Forecast By Types (Pastilles, Jellies, Caramel & Toffees, Hard-Boiled Sweets, Medicated Confectionery, Mint, Gums, Others (marshmallows, nougat, lollipops, licorice, etc.)), By Packaging Types (Sachet, Box & Others), By Distribution Channels (Retail Stores, Online Stores & Others) and competitive landscape
Product Code: ETC002437 | Publication Date: Sep 2024 | Updated Date: Dec 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Nigeria Sugar Confectionery market currently, in 2023, has witnessed an HHI of 1959, Which has decreased slightly as compared to the HHI of 3613 in 2017. The market is moving towards moderately competitive. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
Report Name | Nigeria Sugar Confectionery Market |
Forecast period | 2025-2031 |
CAGR | 8.2% |
Growing Sector | Food and Beverage |
The Nigeria Sugar Confectionery Market report provides a comprehensive evaluation By Types, By Packaging Types, By Distribution Channels. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
The Nigeria Sugar Confectionery Market is experiencing robust growth, underlined by a rising population and an increase in disposable incomes, which are driving demand for sugary snacks. Notably, the trend of unique taste experiences and premium confections is influencing consumer preferences. Furthermore, technological innovations in production and packaging enhance variety and shelf life. However, the market faces challenges such as fluctuating raw material prices and increasing health concerns over sugar consumption.
According to 6Wresearch, the Nigeria Sugar Confectionery Market size is expected to grow at a significant CAGR of 8.2% during the forecast period 2025-2031. Several factors are propelling the growth of the Nigeria Sugar Confectionery Market. The expanding middle class is driving demand for affordable and premium confectionery products. Technological advancements in manufacturing processes facilitate the introduction of novel flavors and healthier options, aligning with changing consumer preferences. Additionally, the rapid growth of e-commerce and distribution networks enhances product availability, allowing manufacturers to tap into an expanding consumer base swiftly.
The Nigeria Sugar Confectionery Market confronts various challenges that may hinder its growth trajectory. Stringent food safety regulations and health guidelines around sugar consumption limit product development and modify marketing strategies. Moreover, economic fluctuations and the dependency on imported raw materials can result in price volatility and supply chain disruptions. These hurdles necessitate strategic planning and innovative solutions to maintain competitiveness in the marketplace.
Key contributors to the Nigeria Sugar Confectionery Market include major companies such as Cadbury Nigeria Plc, Twisco, and Dufil Prima Foods. These players significantly influence market dynamics through product diversification, strong branding, and effective marketing strategies. Their established distribution channels and commitment to quality enable them to cater to a diverse consumer base, thus fostering sustained growth within the sector.
The Nigerian government has introduced several initiatives to boost the Sugar Confectionery Market, including the National Sugar Development Council's policies aimed at increasing local sugar production and reducing dependency on imports. Furthermore, programs promoting healthy eating and food safety standards are pivotal in guiding industry practices. These initiatives create a conducive environment for innovation, sustainability, and growth in the confectionery sector.
The Nigeria Sugar Confectionery Market is poised for notable expansion in the coming years. Trends such as the demand for clean-label products and organic alternatives are expected to attract health-conscious consumers. Additionally, technological advancements in production efficiency and smart packaging solutions can enhance market offerings. With the ongoing growth of online retail channels, manufacturers have the chance to increase outreach and boost sales, making the market an attractive prospect for current and future stakeholders.
Among the various types of sugar confectionery in Nigeria, Jellies and Gums are experiencing the most significant growth. The demand for these products is fueled by their appeal to younger consumers and their association with fun, flavourful experiences. Additionally, the trend towards premium and unique flavours is driving innovation in this category, attracting a broader customer base. This is particularly evident in the rise of gummy candies, which are continuously reimagined to incorporate trendy ingredients and shapes.
In the realm of packaging types, Sachet packaging is witnessing robust growth in the Nigeria Sugar Confectionery Market. The convenience and portability offered by sachet packaging cater to the on-the-go lifestyle of modern consumers, making it an attractive option for both single-serve purchases and bulk flexibility. This format also facilitates impulse buying at various retail locations, thereby enhancing sales.
When considering distribution channels, Online Stores are the fastest-growing segment in the Nigeria Sugar Confectionery Market. The increase in internet penetration and mobile shopping has encouraged consumers to opt for online channels for their confectionery purchases, driven by the convenience of home delivery and the wide variety of products available. Moreover, as e-commerce platforms expand, they offer attractive discounts and promotions, further boosting consumer interest and engagement in online shopping for confectionery items.
The report offers a comprehensive study of the following market segments
1. Executive Summary |
2. Introduction |
2.1. Report Description |
2.2. Key Highlights |
2.3. Market Scope & Segmentation |
2.4. Research Methodology |
2.5. Assumptions |
3. Nigeria Sugar Confectionery Market Overview |
3.1. Nigeria Sugar Confectionery Market Revenues, 2021-2031F |
3.2. Nigeria Sugar Confectionery Market – Industry Life Cycle |
3.3. Nigeria Sugar Confectionery Market – Porter’s Five Forces |
3.4. Nigeria Sugar Confectionery Market Revenue Share, By Packaging Types, 2021 & 2031F |
3.5. Nigeria Sugar Confectionery Market Revenue Share, By Types, 2021 & 2031F |
3.6. Nigeria Sugar Confectionery Market Revenue Share, By Distribution Channels, 2021 & 2031F |
3.7. Nigeria Sugar Confectionery Market Revenue Share, By Regions, 2021 & 2031F |
4. Nigeria Sugar Confectionery Market Dynamics |
4.1. Impact Analysis |
4.2. Market Drivers |
4.3. Market Restraints |
5. Nigeria Sugar Confectionery Market Trends |
6. Nigeria Sugar Confectionery Market Overview, By Packaging Types |
6.1. Nigeria Sachet Packaging Sugar Confectionery Market Revenues, 2021-2031F |
6.2. Nigeria Box Packaging Sugar Confectionery Market Revenues, 2021-2031F |
6.3. Nigeria Others Packaging Sugar Confectionery Market Revenues, 2021-2031F |
7. Nigeria Sugar Confectionery Market Overview, By Types |
7.1. Nigeria Pastilles Sugar Confectionery Market Revenues, 2021-2031F |
7.2. Nigeria Gums Sugar Confectionery Market Revenues, 2021-2031F |
7.3. Nigeria Jellies Sugar Confectionery Market Revenues, 2021-2031F |
7.4. Nigeria Caramel & Toffees Sugar Confectionery Market Revenues, 2021-2031F |
7.5. Nigeria Hard-Boiled Sweets Sugar Confectionery Market Revenues, 2021-2031F |
7.6. Nigeria Medicated Sugar Confectionery Market Revenues, 2021-2031F |
7.7. Nigeria Mint Sugar Confectionery Market Revenues, 2021-2031F |
7.8. Nigeria Other Sugar Confectionery Market Revenues, 2021-2031F |
8. Nigeria Sugar Confectionery Market Overview, By Distribution Channels |
8.1. Nigeria Sugar Confectionery Market Revenues, By Retail Stores, 2021-2031F |
8.2. Nigeria Sugar Confectionery Market Revenues, By Online Stores, 2021-2031F |
8.3. Nigeria Sugar Confectionery Market Revenues, By Other Distribution Channels, 2021-2031F |
9. Nigeria Sugar Confectionery Market Overview, By Regions |
10. Nigeria Sugar Confectionery Market Key Performance Indicators |
11. Nigeria Sugar Confectionery Market Opportunity Assessment |
11.1. Nigeria Sugar Confectionery Market Opportunity Assessment, By Packaging Types, 2031F |
11.2. Nigeria Sugar Confectionery Market Opportunity Assessment, By Types, 2031F |
11.3. Nigeria Sugar Confectionery Market Opportunity Assessment, By Distribution Channels, 2031F |
12. Nigeria Sugar Confectionery Market Competitive Landscape |
12.1. Nigeria Sugar Confectionery Market Revenue Share, By Company, 2024 |
12.2. Nigeria Sugar Confectionery Market Competitive Benchmarking, By Technical Parameters |
13. Company Profiles |
14. Recommendations |
15. Disclaimer |
Market Forecast By Types (Pastilles, Jellies, Caramel & Toffees, Hard-Boiled Sweets, Medicated Confectionery, Mint, Gums, Others (marshmallows, nougat, lollipops, licorice, etc.)), By Packaging Types (Sachet, Box & Others), By Distribution Channels (Retail Stores, Online Stores & Others) and competitive landscape
Product Code: ETC002437 | Publication Date: Sep 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 |
Market Forecast By Types (Pastilles, Jellies, Caramel & Toffees, Hard-Boiled Sweets, Medicated Confectionery, Mint, Gums, Others (marshmallows, nougat, lollipops, licorice, etc.)), By Packaging Types (Sachet, Box & Others), By Distribution Channels (Retail Stores, Online Stores & Others) and competitive landscape
Product Code: ETC002437 | Publication Date: Apr 2020 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 |
Nigeria Sugar Confectionery Market is likely to witness substantial growth over the coming years primarily due to the introduction of pioneering flavors & healthy ingredients in sugar confectioneries and rising demand from middle-class consumers for sugar confectionery products. The growth of the retail market in the country is expected to drive the demand for sugar confectionery products in the near future. However, the spread of the COVID-19 virus is anticipated to impact the economic growth of the country, which would act as a hurdle in the growth of the Nigerian sugar confectionery market in 2020.
According to 6Wresearch, Nigeria Sugar Confectionery Market is anticipated to register growth during 2020-2026. The increase in brand exposure of a wide variety of sugar confectionery products such as lollipops, marshmallows, gums, and toffees in the recent years and vending of sugar confectionery in the various retail centers such as hypermarkets, supermarkets, grocery stores, and forecourt retailers would create ample demand for the sugar confectionery products in the upcoming years.
By distribution channel, the retail channel accounts for a significant share in the Nigerian sugar confectionery market due to the growing footprint of brand SPAR in Nigeria. Moreover, the Real Estate Investment Trust (REIT) has come with an initiative to reduce the cost of rent for retailers and encourage the development of more functional malls across the country. Further, the Nigerian government is encouraging foreign investors to invest in Nigeria’s retail sector development program, and also providing long-term finance for the retail sector development which would bode well for the demand for sugar confectionery products in Nigeria in the years to come. In addition to this, the Federal Capital Territory Administration (FCTA) is planning multi-dollar modern shopping mall projects such as the Lagos mall project, Eko Mall project, and 6,102 hectares of the Constitution Avenue project. Thus, the expansion of the retail sector due to increasing private sector investments would support the growth of sugar confectionery market growth in Nigeria over the coming years.
The Nigeria Sugar Confectionery market report thoroughly covers the market by types, packaging types, distribution channels, and regions. Nigeria Sugar Confectionery market outlook report provides an unbiased and detailed analysis of the on-going Nigeria Sugar Confectionery market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
The Nigeria sugar confectionery market is expected to register significant growth in the coming years backed by the rising participation of many foreign players in the market along with the evolution of advanced cooking options in the food industry in the country. an increase in the disposable income of the consumers in the country has led to a rise in the demand for premium and taste oriented variants and is expected to spur the sales of sugar confectionery in the country and is anticipated to leave a positive impact on the growth of the Nigeria sugar confectionery market in the upcoming six years and the timeframe thereafter. However, an increase in the number of diabetic patients in the country is expected to pose a threat to the market growth backed by an increase in the avoidance of such food. But, aggressive promotion and advertising by the makers of the product are expected to benefit the Nigerian sugar confectionery market serious headway towards a progressive growth in the coming timeframe.
Key Highlights of the Report:
Markets Covered
The Nigeria Sugar Confectionery Market report provides a detailed analysis of the following market segments:
Other Key Reports Available: