PROSPECTS AND OPPORTUNITIES
Standalone outlets will remain key within the foodservice industry
The standalone format will continue to maintain its strong relevance over the forecast period, because this format is frequented by consumers who enjoy hanging out with friends and families to socialise, as well as individuals looking to meet for business. Furthermore, the standalone format is expected to maintain an attractive ambience and wide varieties of high quality and tasty food, thus, to continue to attract consumers over the coming years.
Increase in tourism numbers and transport infrastructure set to further drive growth
The younger generation within Nigeria is expected to drive growth of tourism through domestic travel and exploring within their own country, which will further increase demand in foodservice locations such as leisure and lodging over the forecast period. This is expected to continue as locals can take cheaper trips domestically, while the economy continues to recover from the high inflation and high costs of living experienced over the review period.
Retail stores will continue to incorporate foodservice into their offers
The new development trend of consumer foodservice through retail is predicted to perform well over the forecast period, as retail operators continue to add foodservice to their outlet spaces to generate more revenue from the young adult population which seeks the convenience of all needs being met in one place. Thus, it is expected that, as consumers come for their shopping experience, they would also take the opportunity to obtain food from the retail outlet they are visiting, as most retail stores continue to have their own fast-food divisions within the same store.
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Overview:
Understand the latest market trends and future growth opportunities for the Consumer Foodservice by Location industry in Nigeria with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Consumer Foodservice by Location industry in Nigeria, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
The Consumer Foodservice by Location in Nigeria report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volume and value sizes, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent research methodology, conducted in-country
This report answers:
- What is the market size of Consumer Foodservice by Location in Nigeria?
- Which are the leading brands in Consumer Foodservice by Location in Nigeria?
- How are multinational and local operators competing and expanding in Nigeria?
- How are consumer lifestyle trends and eating habits shaping Consumer Foodservice by Location in Nigeria?
- How is the Consumer Foodservice by Location industry adapting to a post-COVID-19 market environment? Where are the opportunities amidst the challenges?
- How significant are health considerations in shaping the future of Consumer Foodservice by Location in Nigeria? Which of these trends hold the greatest potential demand?
- Where is future growth expected to be most dynamic?
Consumer Foodservice By Location in Nigeria - Category analysis
KEY DATA FINDINGS
Standalone stores remain popular in foodservice by location
Improved tourism numbers help boost the travel, leisure and lodging industries
Consumer foodservice through retail continues to attract customers
Standalone outlets will remain key within the foodservice industry
Increase in tourism numbers and transport infrastructure set to further drive growth
Retail stores will continue to incorporate foodservice into their offers
Consumer Foodservice in Nigeria - Industry Overview
Consumer foodservice in 2024: The big picture
2024 key trends
Competitive landscape
Independent foodservice developments
What next for consumer foodservice?
DISCLAIMER
The following categories and subcategories are included:
Consumer Foodservice by Location
- Consumer Foodservice Through Standalone
- Consumer Foodservice Through Leisure
- Consumer Foodservice Through Retail
- Consumer Foodservice Through Lodging
- Consumer Foodservice Through Travel
Consumer Foodservice by Location
Consumer foodservice is composed of cafés/bars, full-service restaurants, limited-service restaurants, self-service cafeterias and street stalls/kiosks. Consumer foodservice by location breaks out each foodservice sector according to its location - leisure, lodging, retail, standalone, travel.
See all of our definitionsWhy buy this report?
- Gain competitive intelligence about market leaders
- Track key industry trends, opportunities and threats
- Inform your marketing, brand, strategy and market development, sales and supply functions
This report originates from Passport, our Consumer Foodservice by Location research and analysis database.
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