Market Overview
In 2023, the instant noodles market in Nigeria stood at USD 1,069 million. Recording a CAGR of 15.1% from 2024 to 2029, the worth is projected to reach ~USD 2,485 million by 2029, according to the latest market data. The instant noodles market in Nigeria is driven by the rising demand for affordable, convenient meal options, especially among low-to-middle-income households. The market is also benefiting from the growing popularity of international flavors and the expanding influence of Asian cuisine. Additionally, the increasing availability of instant noodles through modern retail and online platforms is supporting market growth.
The report provides a comprehensive overview of the Nigeria instant noodles industry, covering a study of the key players operating in the market. It includes an analysis of market segments and sub-segments, taking into consideration factors such as product type, and distribution channel. By examining these aspects, the report offers valuable insights into the potential of the instant noodles industry. Moreover, the report presents statistical information, including market size, market share, growth rate, and forecasts specifically tailored to the instant noodles industry. This data-driven analysis equips industry professionals with the necessary information to assess the current market landscape, make well-informed decisions, and identify growth opportunities within the sector.
Market Segmentation
The instant noodles market in Nigeria is segmented as below:
Product type: cup noodles, and pouch noodles
Distribution channel: convenience stores, supermarkets and hypermarkets, small grocery stores, foodservice channels, e-commerce, and others
The Nigeria instant noodles market is segmented on the basis of product type, and distribution channel. Based on product type, the instant noodles market in Nigeria is categorized into cup noodles, and pouch noodles. On the basis of distribution channel, the instant noodles market in Nigeria has been segmented into convenience stores, supermarkets and hypermarkets, small grocery stores, foodservice channels, e-commerce, and others.
Competitive Landscape
The competitive landscape of the industry has also been examined along with the profiles of the key players Chikki Foods Industries Limited, Flour Mills of Nigeria Plc (FMN), Olam Group Limited, Primera Food Nigeria Limited, PT Indofood Sukses Makmur Tbk, Tolaram Group.
The report is an indispensable tool for companies and organizations operating in the instant noodles industry. It offers a comprehensive overview of the market, empowering industry executives, policy makers, academics, and analysts to make well-informed decisions. The report provides valuable insights and analysis, presenting a cohesive and detailed perspective on the instant noodles market.
Why Buy This Report?
Provide statistical data or estimations for the Nigeria instant noodles market
Formulate regional strategies and determine strategic priorities based on local data analysis
Gain a comprehensive understanding of the instant noodles market in Nigeria
Identify promising investment opportunities by pinpointing growth sectors and emerging trends
Understand what the future of the instant noodles market in Nigeria looks like
Analyze the competitive landscape and identify the optimal timing for seizing opportunities
Table of Contents
TABLE OF CONTENTS
FIGURES AND TABLES
1. Scope and Methodology
1.1 Key Findings
1.2 Report Scope
1.3 Research Methodology
2. Market Overview
3. Nigeria Instant Noodles Market – Product Type Analysis
3.1 Cup noodles
3.2 Pouch noodles
4. Nigeria Instant Noodles Market – Distribution Channel Analysis
4.1 Convenience stores
4.2 Supermarkets and hypermarkets
4.3 Small grocery stores
4.4 Foodservice channels
4.5 E-commerce
4.6 Others
5. Company Profiles
5.1 Chikki Foods Industries Limited
5.2 Flour Mills of Nigeria Plc (FMN)
5.3 Olam Group Limited
5.4 Primera Food Nigeria Limited
5.5 PT Indofood Sukses Makmur Tbk
5.6 Tolaram Group
DISCLAIMER
Companies Mentioned
Chikki Foods Industries Limited
Flour Mills of Nigeria Plc (FMN)
Olam Group Limited
Primera Food Nigeria Limited
PT Indofood Sukses Makmur Tbk
Tolaram Group