Nigeria Beer and Cider Market Overview
According to SPER Market Research, the Nigeria Beer and Cider Market is estimated to reach USD XX billion by 2032 with a CAGR of XX%.
Throughout the time of forecasting, the Nigerian beer and cider industry is anticipated to expand. The purchasing power of consumers has decreased as a result of high inflation and a declining Naira. This might result in less money being spent on beer and cider. The COVID-19 limits were loosened, which increased foot traffic at on-site businesses. This has had a favorable impact on volume growth. Ciders are often alcoholic drinks that call for fermented apple juice during their production. The antioxidants in these ciders, particularly the polyphenols, are what draw Nigerians to drink them. Due to increased concerns over the sources used in product preparation, cider manufacturers choose natural components while creating cider. These businesses collaborate closely with farmers all around the world to encourage the sustainable farming of the ingredients used to make a range of cider products. The consumption of contemporary tastes and flavors by consumers is currently driving cider's market expansion at a quicker rate than that of other alcoholic beverages. By developing the cider category and strengthening the local brand, cider makers in Nigeria are able to meet the consumers' increasing demand. Apple cider is a cooling substitute that caters to the diverse daily palate preferences of consumers. A few types of cider are being offered in sweeter flavors with lower alcohol levels. Young individuals and females who don't plan to drink beer or spirits are among the alcohol consumers that favor cider drinks. As a result, traditional apple ciders like dry cider and craft cider are having an impact on the nation's alcohol consumption trend. As a result, the market for cider in Nigeria is anticipated to expand in the forecast period.
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Impact of COVID-19 on the Nigeria Beer and Cider Market
Lockdowns and limitations associated with COVID-19, low crude oil prices internationally, and an increase in value-added tax (VAT) and excise tax all had a negative impact on the Nigerian economy. As a result, Nigeria had its worst recession in forty years and a dramatic decline in GDP. The epidemic continued to disrupt economic and social life, impair livelihoods, and drain expatriate remittances despite the government loosening restrictions. As a result, household incomes declined and poverty levels increased throughout the year. In addition, a jump in food costs caused the inflation rate to reach a three-year high. Due to the interaction of these variables, consumer expenditure on non-essentials like beer and cider was significantly reduced. Nonetheless, once the pandemic containment efforts were relaxed and oil prices increased, the economy came out of the recession. Nonetheless, the naira's depreciation increased the cost of imported items. Despite challenges like high levels of poverty, inflation, and unemployment, the economy will recover once the pandemic passes.
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Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2032 |
| Base year considered | 2021 |
| Forecast period | 2022-2032 |
| Segments covered | By Packaging Material, By Packaging Type, By Distribution Channel
|
| Regions covered | North Central, North East, North West, South East, South, South West
|
| Companies Covered | 33 Export, Goldberg, Guinness, Gulder, Heineken, Hero (SAB), Legend, Life Lager, Star (Africa)
|
Nigeria Beer and Cider Market Segmentation:
1. By Packaging Material:
2. By Packaging Type:
3. By Distribution Channel:
4. By Region:
- North Central
- North East
- North West
- South East
- South
- South West
Key Topics Covered in the Report:
- Size of Nigeria Beer and Cider Market (FY’2019-FY’2032)Overview of Nigeria Beer and Cider Market
- Segmentation of Nigeria Beer and Cider Market By Packaging Material (Glass, Metal)
- Segmentation of Nigeria Beer and Cider Market By Packaging Type (Can, Bottle)
- Segmentation of Nigeria Beer and Cider Market By Distribution Channel (Off-premise, On-premise)
- Statistical Snap of Nigeria Beer and Cider Market
- Nigeria Beer and Cider Market Growth Analysis
- Problems and Challenges in Nigeria Beer and Cider Market
- Nigeria Beer and Cider Market Competitive Landscape
- Impact of COVID-19 and Demonetization on Nigeria Beer and Cider Market
- Details on Recent Investment in Nigeria Beer and Cider Market
- Competitive Analysis of Nigeria Beer and Cider Market
- Major Players in the Nigeria Beer and Cider Market
- SWOT Analysis of Nigeria Beer and Cider Market
- Nigeria Beer and Cider Market Future Outlook and Projections (FY’2019-FY’2032)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1 Research data source
2.1.1 Secondary data
2.1.2 Primary data
2.1.3 SPER’s internal database
2.1.4 Premium insight from KOL’s
2.2 Market size estimation
2.2.1 Top-down and Bottom-up approach
2.3 Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1 Drivers
4.1.2 Restraints
4.1.3 Opportunities
4.1.4 Challenges
4.2. COVID-19 Impacts of the Nigeria Beer and Cider Market
5. Market variables and outlook
5.1. SWOT analysis
5.1.1 Strengths
5.1.2 Weaknesses
5.1.3 Opportunities
5.1.4 Threats
5.2. PESTEL analysis
5.2.1 Political landscape
5.2.2 Economic landscape
5.2.3 Social landscape
5.2.4 Technological landscape
5.2.5 Environmental landscape
5.2.6 Legal landscape
5.3. PORTER’S five forces analysis
5.3.1 Bargaining power of suppliers
5.3.2 Bargaining power of Buyers
5.3.3 Threat of Substitute
5.3.4 Threat of new entrant
5.3.5 Competitive rivalry
5.4. Heat map analysis
6. Competitive Landscape
6.1 Nigeria Beer and Cider Manufacturing Base Distribution, Sales Area, Product Type
6.2 Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Nigeria Beer and Cider Market
7. Nigeria Beer and Cider Market, By Packaging Material, 2019-2032 (USD Million)
7.1 Glass
7.2 Metal
8. Nigeria Beer and Cider Market, By Packaging Type, 2019-2032 (USD Million)
8.1 Can
8.2 Bottle
9. Nigeria Beer and Cider Market, By Distribution Channel, 2019-2032 (USD Million)
9.1 Off-premise
9.2 On-premise
10. Nigeria Beer and Cider Market, By Region, 2019-2032 (USD Million)
10.1 Nigeria Beer and Cider Size and Market Share by Region (2019-2025)
10.2 Nigeria Beer and Cider Size and Market Share by Region (2026-2032)
10.3 North Central
10.4 North East
10.5 North West
10.6 South East
10.7 South
10.8 South West
11. Company Profiles
11.1 33 Export
11.1.1 Company details
11.1.2 Financial outlook
11.1.3 Product summary
11.1.4 Recent developments
11.2 Goldberg
11.2.1 Company details
11.2.2 Financial outlook
11.2.3 Product summary
11.2.4 Recent developments
11.3 Guinness
11.3.1 Company details
11.3.2 Financial outlook
11.3.3 Product summary
11.3.4 Recent developments
11.4 Gulder
11.4.1 Company details
11.4.2 Financial outlook
11.4.3 Product summary
11.4.4 Recent developments
11.5 Heineken
11.5.1 Company details
11.5.2 Financial outlook
11.5.3 Product summary
11.5.4 Recent developments
11.6 Hero (SAB)
11.6.1 Company details
11.6.2 Financial outlook
11.6.3 Product summary
11.6.4 Recent developments
11.7 Legend
11.7.1 Company details
11.7.2 Financial outlook
11.7.3 Product summary
11.7.4 Recent developments
11.8 Life Lager
11.8.1 Company details
11.8.2 Financial outlook
11.8.3 Product summary
11.8.4 Recent developments
11.9 Star (Africa)
11.9.1 Company details
11.9.2 Financial outlook
11.9.3 Product summary
11.9.4 Recent developments
12. List of Abbreviations
13. Reference Links
14. Conclusion
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
