Consumer foodservice in 2024: The big picture
Consumer foodservice maintained positive value growth in Nigeria in 2024, with outlets also maintaining small growth in numbers, while transactions remained low compared to the 2021-2022 period. Consumers’ purchasing power has declined strongly, due to various factors such as the removal of the fuel subsidy within Nigeria, disruption in supply chains, climate change, and devaluation of the local currency.
2024 key trends
In 2024, food inflation drove up prices due to increased transportation costs from rising fuel prices, alongside natural disasters such as flooding. Additionally, insecurity prevented farmers from accessing their farms in many areas of the country, further affecting agricultural production.
Competitive landscape
Consumer foodservice is a highly fragmented category in Nigeria, with the majority company share held by unnamed others. Meanwhile, Food Concepts Plc is the only company cited as holding more than a 1% company share overall, with the other names only holding sub-decimal shares.
Independent foodservice developments
Street stalls/kiosks is a major category within independent foodservice in Nigeria, proving especially popular among consumers due to such outlets’ offerings of local dishes, alongside affordability in a tough economic climate. Outlet growth among independent street stalls/kiosks has also been consistent due to the low cost of establishing these outlets.
What next for consumer foodservice?
Over the forecast period, the consumer foodservice industry in Nigeria is expected to increase its focus on sustainability and technology-driven innovations, such as digital ordering platforms and AI-powered delivery logistics. These new developments are predicted to reshape the consumer foodservice landscape, as younger consumers who are tech-savvy enjoy the use of technology for pre-ordering online.
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Overview:
Understand the latest market trends and future growth opportunities for the Consumer Foodservice 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.
Data and analysis in this report provides further detailed coverage dedicated to the following key categories, where applicable:
- Cafés/Bars
- Full-Service Restaurants
- Limited-Service Restaurants
- Self-Service Cafeterias
- Street Stalls/Kiosks
- Consumer Foodservice by Location
If you're in the Consumer Foodservice 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 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 in Nigeria?
- Which are the leading brands in Consumer Foodservice in Nigeria?
- How are multinational and local operators competing and expanding in Nigeria?
- How are consumer lifestyle trends and eating habits shaping Consumer Foodservice in Nigeria?
- How is the Consumer Foodservice 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 in Nigeria? Which of these trends hold the greatest potential demand?
- Where is future growth expected to be most dynamic?
Consumer Foodservice in Nigeria
Consumer foodservice in 2024: The big picture
2024 key trends
Competitive landscape
Independent foodservice developments
What next for consumer foodservice?
DISCLAIMER
Cafés/Bars in Nigeria
KEY DATA FINDINGS
Bars struggle amid low purchasing power and consumers prioritising essential spending
Health-conscious consumers help to drive growth within juice/smoothie bars
Supply chain disruptions result in coffee price increases
Health and wellness set to drive growth within certain categories
Outlets to focus on innovation over the forecast period, amid an uncertain economic future
New minimum wage and supportive legislation could help growth in the future
Full-Service Restaurants in Nigeria
KEY DATA FINDINGS
Full-service restaurants manage to achieve a positive performance, despite challenges
Local full-service restaurants lead the way during an otherwise tough economic climate
Full-service restaurants see demand for online delivery increase
Wealthier consumers will help keep full-service restaurants going over the forecast period
Delivery services and technological advancements set to shape the full-service industry
New payment options and increased smartphone penetration rate will support sales
Limited-Service Restaurants in Nigeria
KEY DATA FINDINGS
Limited-service restaurants see growth in sales and outlet numbers as consumers seek convenience
Local brands Chicken Republic and Kilimanjaro continue to lead limited-service restaurants
Restaurants turn to alternative protein options and delivery services during tough economic times
Younger generation set to drive growth over the forecast period, thanks to ongoing developments in ordering services
Third-party delivery services will continue to evolve and support growth
Outlet expansion, digital integration and increased advertising set to drive growth
Street Stalls/Kiosks in Nigeria
KEY DATA FINDINGS
Street stalls/kiosks shows good growth with more affordable food options available
Independent street stalls/kiosks still dominate the market with a few chained operators present
Chained operators revamp the image of unhealthy and unhygienic street stalls/kiosks
Chained operators expected to branch out further into the street stall/kiosk space
Online and offline ordering could change the landscape
Food trucks provide an exciting growth opportunity for operators in the future
Consumer Foodservice By Location in Nigeria
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
The following categories and subcategories are included:
Consumer Foodservice
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- Chained Consumer Foodservice
- Independent Consumer Foodservice
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- Chained Cafés/Bars
- Independent Cafés/Bars
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- Chained Bars/Pubs
- Independent Bars/Pubs
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- Chained Cafés
- Independent Cafés
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- Chained Juice/Smoothie Bars
- Independent Juice/Smoothie Bars
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- Chained Specialist Coffee and Tea Shops
- Independent Specialist Coffee and Tea Shops
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- Chained Full-Service Restaurants
- Independent Full-Service Restaurants
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- Chained Asian Full-Service Restaurants
- Independent Asian Full-Service Restaurants
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- Chained European Full-Service Restaurants
- Independent European Full-Service Restaurants
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- Chained Latin American Full-Service Restaurants
- Independent Latin American Full-Service Restaurants
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- Chained Middle Eastern Full-Service Restaurants
- Independent Middle Eastern Full-Service Restaurants
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- Chained North American Full-Service Restaurants
- Independent North American Full-Service Restaurants
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- Chained Pizza Full-Service Restaurants
- Independent Pizza Full-Service Restaurants
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- Chained Other Full-Service Restaurants
- Independent Other Full-Service Restaurants
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- Chained Limited-Service Restaurants
- Independent Limited-Service Restaurants
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- Chained Asian Limited-Service Restaurants
- Independent Asian Limited-Service Restaurants
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- Chained Bakery Products Limited-Service Restaurants
- Independent Bakery Products Limited-Service Restaurants
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- Chained Burger Limited-Service Restaurants
- Independent Burger Limited-Service Restaurants
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- Chained Chicken Limited-Service Restaurants
- Independent Chicken Limited-Service Restaurants
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- Chained Convenience Stores Limited-Service Restaurants
- Independent Convenience Stores Limited-Service Restaurants
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- Chained Fish Limited-Service Restaurants
- Independent Fish Limited-Service Restaurants
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- Chained Ice Cream Limited-Service Restaurants
- Independent Ice Cream Limited-Service Restaurants
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- Chained Latin American Limited-Service Restaurants
- Independent Latin American Limited-Service Restaurants
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- Chained Middle Eastern Limited-Service Restaurants
- Independent Middle Eastern Limited-Service Restaurants
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- Chained Pizza Limited-Service Restaurants
- Independent Pizza Limited-Service Restaurants
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- Chained Other Limited-Service Restaurants
- Independent Other Limited-Service Restaurants
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- Chained Self-Service Cafeterias
- Independent Self-Service Cafeterias
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- Chained Street Stalls/Kiosks
- Independent Street Stalls/Kiosks
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- Consumer Foodservice Through Standalone
- Consumer Foodservice Through Leisure
- Consumer Foodservice Through Retail
- Consumer Foodservice Through Lodging
- Consumer Foodservice Through Travel
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- Takeaway Online Ordering
- Takeaway Offline Ordering
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- First-Party Delivery Services
- Third-Party Delivery Services
- Delivery Offline Ordering
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- Drive-Through
- Eat-In
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- Takeaway Online Ordering
- Delivery Online Ordering
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- Takeaway Offline Ordering
- Delivery Offline Ordering
- Drive-Through
- Eat-in
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Consumer Foodservice
Consumer foodservice is composed of cafés/bars, full-service restaurants, limited-service restaurants, self-service cafeterias and street stalls/kiosks.
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This report originates from Passport, our Consumer Foodservice research and analysis database.
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