Food & Grocery Retail in Nigeria Summary Food & Grocery Retail in Nigeria industry profile provides top-line qualitative and quantitative summary information including: market size (value 2013-17, and forecast to 2022). The profile also contains descriptions of the leading players including key financial...
A rise in the number of middle-class consumers, who often do their shopping in supermarkets, is expected to drive sales of this channel over the forecast period. Middle-class consumers visit supermarkets for bulk purchases, which are considered cheaper in the long run, and so the growth of this demographic will boost the channel. Strong investment...
Having just eight outlets from two brand owners in 2017, First Master Retailers (Dia) and Retail Supermarkets Nigeria (Shoprite’s U-Save), the development of discounters is still in its early stage in Nigeria. However, it is expected to see expansion over the forecast period due to the increase in a young and urban population that craves a...
Prior to the economic recession in 2016 and part of 2017, demand for electronic gadgets, particularly for mobile phones and internet capable tablets, boomed in Nigeria over the review period. Formal retail channels that offer reputable services and trustworthy products helped to drive the earlier growth. Furthermore, in line with urbanisation,...
Hypermarkets is expected to be the fastest-growing channel in retailing over the forecast period as the leading Shoprite brand continues to expand its retail outlets in Nigeria to meet increasing demand from the growing urban population. Shoprite’s brand owner, Retail Supermarkets Nigeria, opened six new outlets in 2016 and an additional outlet...