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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Nigeria Refined Sugar Market Size
The Nigeria refined sugar market attained a value of USD 1,835.11 million in 2023. The market is estimated to grow at a CAGR of 5.19% during 2024-2032 to reach a value of USD 2,619.81 million by 2032.
Nigeria Refined Sugar Market Outlook
- By 2025, the retail food sector is anticipated to contribute 16.4% to the GDP.
- 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.
- As of 2022, Nigeria’s quick-service restaurant sector has over 200 brands operating several hundred outlets across the country.
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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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124