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Report Overview
The Nigeria refined sugar market was valued at USD 1930.54 Million in 2025. The market is expected to grow at a CAGR of 5.20% during the forecast period of 2026-2035 to reach a value of USD 3205.06 Million by 2035. Rising investments in ethanol co-production from sugarcane, aimed at diversifying revenue streams and strengthening energy security, are driving new opportunities in the market.
The market is advancing forward with state-backed policies and private investments, with the Nigeria Sugar Master Plan (NSMP) at the core of this transformation. The extension of the NSMP into its second phase, running till 2033, sets a bold target of producing 2 million metric tons of sugar locally by 2032. Moreover, according to the Nigeria refined sugar market analysis, the country’s sugarcane output is forecast to increase by 8% in the 2023/24 cycle, as investments in cane-crushing facilities expand. This push aligns with the government’s Backward Integration Plan (BIP), which incentivizes companies to develop domestic cultivation and refining estates, reducing reliance on imported sugar.
Another strong driving factor is the expanding food and beverage sector, which continues to absorb a significant share of refined sugar demand. Reports suggest that Nigeria became Sub-Saharan Africa’s largest soft drink consumer in 2024, crossing 53 billion liters annually, while bakeries and confectioners are also scaling up production to meet urban consumption needs. Companies such as Dangote Sugar, BUA Foods, and Golden Sugar have responded by upgrading refinery capacity and securing land for sugar estates, propelling growth in the Nigeria refined sugar market.
2025
Base Year
2019-2025
Historical Period
2026-2035
Forecast Period
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By 2025, the retail food sector is anticipated to contribute 16.4% to the GDP.
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According to a recent World Bank estimate, around 53% of Nigeria's population now resides in urban areas, a figure expected to exceed 70% by 2050.
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As of 2022, Nigeria’s quick-service restaurant sector has over 200 brands operating several hundred outlets across the country.
Competitive Landscape
Established Nigeria refined sugar market players such as Dangote Sugar Refinery, BUA Foods, Golden Sugar, and Flour Mills of Nigeria are focusing on backward integration, expanding estates, and upgrading refining capacities in line with the Nigeria Sugar Master Plan. BUA Foods is also advancing refinery upgrades and land acquisitions for cane cultivation. Apart from capacity expansion, firms are exploring fortified and value-added products, such as vitamin A-enriched brown sugar, to capture shifting consumer demand.
Nigeria refined sugar companies are finding lucrative opportunities in cogeneration, ethanol production, and strategic exports within West Africa. With government incentives, infrastructure investments, and strong consumption growth, competition will intensify for players who balance cost efficiency, product diversification, and integration across the value chain.
Dangote Industries Limited
Established in 1981 and headquartered in Lagos, Dangote Sugar Refinery is the largest player in Nigeria’s refined sugar sector. The company is expanding backward integration projects by developing sugarcane estates and building milling plants to reduce import reliance. Dangote is also exploring cogeneration and ethanol production from sugar by-products, positioning itself as an energy and food solutions provider.
BUA Group
Founded in 1988 and based in Lagos, BUA Foods operates one of West Africa’s largest sugar refineries with a focus on high-capacity production. The company is actively acquiring land for sugarcane cultivation and introducing new refining technologies that improve efficiency and product quality. BUA is also developing fortified sugar varieties, including vitamin A-enriched options, to meet health-focused consumer demands.
Flour Mills of Nigeria Plc (FMN Plc)
Established in 1960 with headquarters in Lagos, FMN Plc manages Golden Sugar Company, a subsidiary driving innovation in refined sugar production. The company emphasizes sustainable agriculture through its sugar estate developments in Niger State, where it integrates modern irrigation systems to boost yields. FMN also prioritizes supply chain reliability, ensuring consistent sugar availability for bakeries, confectioneries, and pharmaceutical manufacturers.
Graceco Limited
Founded in 2012 and headquartered in Nigeria, Graceco Limited operates as a mid-sized but agile player in the Nigerian refined sugar industry. By leveraging innovation in packaging and portion-control formats, Graceco targets urban retail markets and SMEs in the food sector. Its nimble structure allows faster adaptation to consumer shifts, while partnerships with local distributors enhance market penetration.
Another key player in the market is Dogan's Sugar Limited, among others.
Nigeria Refined Sugar Market Report Snapshots
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2025, the Nigeria refined sugar market reached an approximate value of USD 1930.54 Million.
The market is projected to grow at a CAGR of 5.20% between 2026 and 2035.
The market is estimated to witness a healthy growth in the forecast period of 2026-2035 to reach a value of USD 3205.06 Million by 2035.
Companies are investing in smart farming, diversifying product portfolios with fortified sugar, forming public-private partnerships, expanding renewable energy use, and strengthening regional trade networks to secure long-term growth opportunities.
The end uses include food and beverage, pharmaceuticals, dairy, bakery and confectionery, and household, among others.
Sugarcane and sugar beet are the two sources of refined sugar.
White sugar and brown sugar are the two types as per the market report.
The key players in the market include BUA Group, Dangote Industries Limited, FMN Plc., Graceco Ltd, Dogan's Sugar Limited, among others.
Companies face high energy costs, weak infrastructure, foreign exchange pressures, and difficulty scaling backward integration, making it hard to balance local production ambitions with affordable consumer pricing.
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