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Report Overview
The Nigeria refined sugar market attained a value of USD 1835.11 Million in 2024. The market is estimated to grow at a CAGR of 5.20% during 2025-2034 to reach a value of USD 3046.63 Million by 2034.
2024
Base Year
2018-2024
Historical Year
2025-2034
Forecast Year
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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.
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 2024, the Nigeria refined sugar market reached a value of USD 1835.11 Million.
The market is estimated to grow at a CAGR of 5.20% during 2025-2034.
The market is estimated to witness a healthy growth in the forecast period of 2025-2034 to reach a value of USD 3046.63 Million by 2034.
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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