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Nigeria Sugar Market Size, Share, Trends, Growth, Forecast: By Product Type: Brown, White; By Form: Granulated, Powdered, Syrup; By Source: Sugar Beet, Sugarcane; By End Use: Food and Beverage, Pharmaceuticals, Personal Care, Household, Others; Market Dynamics: SWOT Analysis; Competitive Landscape; 2024-2032
Nigeria Sugar Market Outlook
The Nigeria sugar market is expected to grow in the forecast period of 2024-2032 at a CAGR of 3.5%.
Rising Demand for Packaged Beverages Bolstering the Growth of the Sugar Industry in Nigeria
The extensive use of sugar in snacks and packaged beverage products is propelling the growth of the market. The rising demand for soft drinks manufactured by both local and international companies is surging the use of sugar.
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Moreover, the launch of various innovative beverages in the country is also surging the utilisation of sugar. For instance, in January 2018, Coca Cola Nigeria Limited launched new variants of its 5Alive brand, 85cl 5Alive Pulpy Orange, 35cl 5Alive Tropical, and 35cl 5Alive Apple, which contains about 11 grams of sugar per 100 millilitres. Although the demand for healthy drinks in the country is surging, sugar is used in various healthy carbonated beverages to enhance the taste profile. Such trends are increasing the demand for sugar and are fuelling the growth of the market.
Increasing Use of Sugar by Quick Service Restaurants Fuelling the Market Growth in Nigeria
The rising penetration of quick-service restaurants (QSRs) in the country is surging the demand for sugar. As sugar is used in fast food products, such as burgers, fried chicken, hamburgers, and pizza, among others, their growing demand, especially among the young population, is augmenting the market growth. In addition, the increasing demand for packaged food products such as breakfast cereals that contain a considerable amount of sugar is further propelling the market growth. The trend is escalated by the increasing launches of breakfast cereals for children in the country. For instance, in April 2018, Nestle Nigeria launched Golden Morning Puffs, a breakfast cereal aimed at children, which contains 17 grams of sugar per 100 grams.
Sugar: Market Segmentation
Sugar is a sweet-tasting compound that is typically obtained from natural plants such as sugar beet and sugar cane. Sugar is extensively used in the food and beverage industry to enhance the flavour profile of products. Moreover, it boosts energy levels, surges serotonin, strengthens the immune system, and lowers blood pressure.
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The major product types of sugar are:
- Brown
- White
The market can be broadly categorised on the basis of its forms into:
- Granulated
- Powdered
- Syrup
By source, the market is bifurcated into:
- Sugar Beet
- Sugarcane
Based on end uses, the market is divided into:
- Food and Beverage
- Pharmaceuticals
- Personal Care
- Household
- Others
Growing Demand for Packaged Food Products to Augment the Market for Sugar in Nigeria
The growing demand for packaged food products containing sugar in Nigeria is invigorating the growth of the industry. The emergence of the middle-class population with inflating disposable income is leading to a surge in demand for confectionery and bakery products, in which sugar is one of the major constituents. Moreover, sugar bread is widely preferred by all socioeconomic classes in the country. It is used in diverse food products, such as sandwiches, French toast, and traditional Garri, among others, which is further bolstering the use of sugar. This trend is expected to be fuelled by the expansion of distribution channels in the country, with the growing penetration of retail outlets and bakeries, especially in rural areas. This is expected to boost the demand for sugar, which is projected to augment the market growth in the forecast period.
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The escalating health-consciousness in the country owing to the rising prevalence of chronic illnesses is increasing the preference for brown sugar. Brown sugar offers several micronutrients, such as potassium, iron, copper, zinc, and phosphorus, among others, and provides fewer calories to boost the metabolism. Moreover, brown sugar is increasingly consumed as a substitute for white sugar in dietary trends such as intermittent fasting and Mediterranean diets to combat sugar craving. Hence, the increasing awareness regarding the benefits of brown sugar is expected to surge its demand and propel the market for sugar in Nigeria in upcoming years.
Key Industry Players in the Nigeria Sugar Market
The report presents a detailed analysis of the following key players in the Nigeria sugar market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- BUA Group
- Dangote Industries Limited
- FMN Plc.
- Graceco Ltd
- Dogan's Sugar Limited.
- Others
The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Product Type |
|
| Breakup by Form |
|
| Breakup by Source |
|
| Breakup by End Use |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Nigeria Sugar Market Analysis
8.1 Key Industry Highlights
8.2 Nigeria Sugar Historical Market (2018-2023)
8.3 Nigeria Sugar Market Forecast (2024-2032)
8.4 Nigeria Sugar Market by Product Type
8.4.1 Brown
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 White
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.5 Nigeria Sugar Market by Form
8.5.1 Granulated
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Powdered
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Syrup
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.6 Nigeria Sugar Market by Source
8.6.1 Sugar Beet
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Sugarcane
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.7 Nigeria Sugar Market by End Use
8.7.1 Food and Beverage
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Pharmaceuticals
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Personal Care
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Household
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Others
9 Market Dynamics
9.1 SWOT Analysis
9.1.1 Strengths
9.1.2 Weaknesses
9.1.3 Opportunities
9.1.4 Threats
9.2 Porter’s Five Forces Analysis
9.2.1 Supplier’s Power
9.2.2 Buyer’s Power
9.2.3 Threat of New Entrants
9.2.4 Degree of Rivalry
9.2.5 Threat of Substitutes
9.3 Key Indicators for Demand
9.4 Key Indicators for Price
10 Value Chain Analysis
11 Trade Data Analysis
11.1 Major Importing Countries
11.1.1 By Volume
11.1.2 By Value
11.2 Major Exporting Countries
11.2.1 By Volume
11.2.2 By Value
12 Price Analysis
13 Manufacturing Process
13.1 Overview
13.2 Detailed Process Flow
13.3 Operations Involved
14 Competitive Landscape
14.1 Market Structure
14.2 Company Profiles
14.2.1 BUA Group
14.2.1.1 Company Overview
14.2.1.2 Product Portfolio
14.2.1.3 Demographic Reach and Achievements
14.2.1.4 Certifications
14.2.2 Dangote Industries Limited
14.2.2.1 Company Overview
14.2.2.2 Product Portfolio
14.2.2.3 Demographic Reach and Achievements
14.2.2.4 Certifications
14.2.3 FMN Plc.
14.2.3.1 Company Overview
14.2.3.2 Product Portfolio
14.2.3.3 Demographic Reach and Achievements
14.2.3.4 Certifications
14.2.4 Graceco Ltd
14.2.4.1 Company Overview
14.2.4.2 Product Portfolio
14.2.4.3 Demographic Reach and Achievements
14.2.4.4 Certifications
14.2.5 Dogan's Sugar Limited.
14.2.5.1 Company Overview
14.2.5.2 Product Portfolio
14.2.5.3 Demographic Reach and Achievements
14.2.5.4 Certifications
14.2.6 Others
15 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Nigeria Sugar Market: Key Industry Highlights, 2018 and 2032
2. Nigeria Sugar Historical Market: Breakup by Product Type (USD Million), 2018-2023
3. Nigeria Sugar Market Forecast: Breakup by Product Type (USD Million), 2024-2032
4. Nigeria Sugar Historical Market: Breakup by Form (USD Million), 2018-2023
5. Nigeria Sugar Market Forecast: Breakup by Form (USD Million), 2024-2032
6. Nigeria Sugar Historical Market: Breakup by Source (USD Million), 2018-2023
7. Nigeria Sugar Market Forecast: Breakup by Source (USD Million), 2024-2032
8. Nigeria Sugar Historical Market: Breakup by End Use (USD Million), 2018-2023
9. Nigeria Sugar Market Forecast: Breakup by End Use (USD Million), 2024-2032
10. Major Exporting Countries by Value
11. Major Importing Countries by Value
12. Major Exporting Countries by Volume
13. Major Importing Countries by Volume
14. Nigeria Sugar Market Structure
Key Questions Answered in the Report
The Nigeria sugar market is projected to grow at a CAGR of 3.5% between 2024 and 2032.
The market is being aided by the rising demand for sugary fast food and cereals and the extensive use of sugar in beverages such as soft drinks.
The industry is expected to be driven by the growing demand for confectionery products, the rising popularity of sweet bread, and the increasing use of brown sugar due to surging health consciousness.
The major product types of sugar in the industry are brown and white.
The significant forms in the market are granulated, powdered, and syrup.
The various sources of sugar are sugar beet and sugarcane.
The end uses of sugar in the industry are food and beverage, pharmaceuticals, personal care, and household, among others.
The major players in the industry are BUA Group, Dangote Industries Limited, FMN Plc. Graceco Ltd, and Dogan's Sugar Limited., among others.
Analyst Review
The Nigeria sugar market is driven by the rising demand for sugary fast food and cereals. Aided by the growing demand for confectionery products, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 3.5%.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its product types, the sugar industry can be segmented into brown and white. On the basis of forms, the industry is divided into granulated, powdered, and syrup. By sources, the market is bifurcated into sugar beet and sugarcane. Based on end uses, the market is divided into food and beverage, pharmaceuticals, personal care, and household, among others. The key players in the above market include BUA Group, Dangote Industries Limited, FMN Plc. Graceco Ltd, and Dogan's Sugar Limited., among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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