Report Overview

2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

Nigeria Refined Sugar Market Share

Based on product type, white sugar accounts for a significant share of the Nigeria refined sugar market

Pharma-grade sugar is a white crystalline coarse sugar that is super fine and homogenous in nature. By 2025, the pharmaceutical market in Nigeria is expected to reach USD 5.13 billion. The sugar is used in the production of dry syrups, pellets, and sustained-release drug formulations. It prevents microbial growth and enhances the texture of drugs.

 

Nigeria is a significant importer of brown sugar. In 2021, Nigeria spent USD 1.02 billion to import brown sugar from Brazil. Compared to white sugar, brown sugar contains more calcium, with 83 mg per 100 g compared to 1 mg per 100 g of white sugar. Other minerals, such as iron, are slightly higher in brown sugar than white sugar.

 

Based on end use, households are a major contributor to the  Nigeria refined sugar market revenue

Domestic consumers typically purchase sugar that is fortified with Vitamin A. Manufacturers produce this sugar in accordance with the requirements of the UNICEF and the Standards Organization of Nigeria (SON).

 

The Nigerians spending on food and beverages is increasing owing to the growth of the retail sector and rising demand for packaged goods. Among the international chains that have entered the country are Shoprite which operated 40 stores in 2021, and Massmart, part of the WalMart group.

 

Sugar bread is Nigeria’s most popular bakery product widely available at both artisan and industrial bakeries. A special feature of Nigerian sandwich bread is its sweetish taste which is a result of sugar as its key ingredient. The sugar bread recipe contains around 7 to 12% sugar.

 

Nigeria Refined Sugar Market Report Snapshots

Nigeria Refined Sugar Market Size

Nigeria Refined Sugar Market Growth

Nigeria Refined Sugar Market Trends

Nigeria Refined Sugar Market Share

Nigeria Refined Sugar Companies

 

*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 2023, the Nigeria refined sugar market reached a value of USD 1,835.11 million.

The market is estimated to grow at a CAGR of 5.19% during 2024-2032.

The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach a value of USD 2,619.81 million by 2032.

The factors driving the market growth are favourable government initiatives supporting the production of sugar, expanding food and beverage sector, rising consumption of dairy products and baked goods, and increasing population in Nigeria.

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 Limited, and Dogan's Sugar Limited, among others.

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