Processed Meat, Seafood and Alternatives To Meat in Nigeria

Abstract
Processed meat, seafood and alternatives to meat recorded a volume decline in 2022 caused by strong unit price rises and weakened consumer spending power in light of high inflation in the economy. High import costs due to the depreciation of the local currency has been the key factor driving high unit prices as this is a highly import dependent category. A weak economy and rising fuel and electricity costs have also led to diminished consumer disposable incomes. Furthermore, inflation has been e...

Euromonitor International's Processed Meat, Seafood and Alternatives to Meat in Nigeria report offers in-depth knowledge of the market at a national level, providing local insight and understanding unavailable elsewhere. In addition to the latest retail sales data 2017-2021, it identifies the leading companies, brands and retail outlets, and assesses the key trends and demographic shifts behind consumer demand and sales growth. How key trends such as health and wellness, sustainability and recovery from the pandemic are shaping the market in <|Year|> directly informs our forecasts to 2026, clearly indicating how the market is expected to change.

Product coverage: Meat and Seafood Substitutes, Processed Meat, Processed Seafood, Tofu and Derivatives.

Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.

Why buy this report?
* Get a detailed picture of the Processed Meat, Seafood and Alternatives to Meat market;
* Pinpoint growth sectors and identify factors driving change;
* Understand the competitive environment, the market’s major players and leading brands;
* Use five-year forecasts to assess how the market is predicted to develop.

Content
Processed Meat, Seafood and Alternatives To Meat in Nigeria
November 2022

List Of Contents And Tables

PROCESSED MEAT, SEAFOOD AND ALTERNATIVES TO MEAT IN NIGERIA
KEY DATA FINDINGS
2022 DEVELOPMENTS
Volume sales decline due to strong unit price rises and weakened consumer spending power
Frozen processed poultry maintains positive volume sales due to its affordability and essentiality
Niche categories frozen seafood and red meat see a strong volume decline as consumers tighten their belts
PROSPECTS AND OPPORTUNITIES
Price stability, desire for convenience and rising urbanisation to boost growth over the forecast period
Frozen processed poultry to continue good growth due to its convenience and affordability
Shelf stable seafood to drive overall growth as consumer incomes improve
CATEGORY DATA
Table 1 Sales of Processed Meat, Seafood and Alternatives to Meat by Category: Volume 2017-2022
Table 2 Sales of Processed Meat, Seafood and Alternatives to Meat by Category: Value 2017-2022
Table 3 Sales of Processed Meat, Seafood and Alternatives to Meat by Category: % Volume Growth 2017-2022
Table 4 Sales of Processed Meat, Seafood and Alternatives to Meat by Category: % Value Growth 2017-2022
Table 5 Sales of Shelf Stable Processed Red Meat by Type: % Volume Breakdown 2017-2022
Table 6 Sales of Frozen Processed Red Meat by Type: % Volume Breakdown 2017-2022
Table 7 Sales of Frozen Processed Poultry by Type: % Value Breakdown 2017-2022
Table 8 Sales of Frozen Processed Seafood by Type: % Value Breakdown 2017-2022
Table 9 NBO Company Shares of Processed Meat, Seafood and Alternatives to Meat: % Value 2018-2022
Table 10 LBN Brand Shares of Processed Meat, Seafood and Alternatives to Meat: % Value 2019-2022
Table 11 Distribution of Processed Meat, Seafood and Alternatives to Meat by Format: % Value 2017-2022
Table 12 Forecast Sales of Processed Meat, Seafood and Alternatives to Meat by Category: Volume 2022-2027
Table 13 Forecast Sales of Processed Meat, Seafood and Alternatives to Meat by Category: Value 2022-2027
STAPLE FOODS IN NIGERIA
EXECUTIVE SUMMARY
Staple foods in 2022: The big picture
Key trends in 2022
Competitive Landscape
Channel developments
What next for staple foods?
MARKET DATA
Table 14 Sales of Staple Foods by Category: Volume 2017-2022
Table 15 Sales of Staple Foods by Category: Value 2017-2022
Table 16 Sales of Staple Foods by Category: % Volume Growth 2017-2022
Table 17 Sales of Staple Foods by Category: % Value Growth 2017-2022
Table 18 NBO Company Shares of Staple Foods: % Value 2018-2022
Table 19 LBN Brand Shares of Staple Foods: % Value 2019-2022
Table 20 Penetration of Private Label by Category: % Value 2017-2022
Table 21 Distribution of Staple Foods by Format: % Value 2017-2022
Table 22 Forecast Sales of Staple Foods by Category: Volume 2022-2027
Table 23 Forecast Sales of Staple Foods by Category: Value 2022-2027
Table 24 Forecast Sales of Staple Foods by Category: % Volume Growth 2022-2027
Table 25 Forecast Sales of Staple Foods by Category: % Value Growth 2022-2027
DISCLAIMER
SOURCES
Summary 1 Research Sources