PROSPECTS AND OPPORTUNITIES
Wealthier consumers will help keep full-service restaurants going over the forecast period
Regardless of the uncertainty over the forecast period due to the high rate of inflation and economic pressures, it is still expected that higher-income consumers will continue to pay for premium dining experiences. Affluent consumers are willing to pay for higher quality, fresh, and healthier food offered by fine dining establishments.
Delivery services and technological advancements set to shape the full-service industry
The strong growth of third-party food delivery services, experienced within limited-service restaurants, is predicted to be replicated within the full-service industry. As a result, this will help to stimulate value growth of full-service restaurants over the forecast period, as consumers continue to seek fast and convenient food delivery services.
New payment options and increased smartphone penetration rate will support sales
The busy lifestyles of consumers are expected to persist over the forecast period, and the presence of better ways to order online, using a variety of apps and payment options, will help to drive demand for food via full-service restaurants. The introduction of payment technologies, such as instant money and vouchers and QR codes, is set to make paying for meals easier, thus also helping to streamline growth.
Delivery:
Files are delivered directly into your account soon after payment is received and any tax is certification is verified (where applicable).
This report comes in PDF with additional info in Excel included.
Overview:
Understand the latest market trends and future growth opportunities for the Full-Service Restaurants 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 Full-Service Restaurants 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 Full-Service Restaurants 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 Full-Service Restaurants in Nigeria?
- Which are the leading brands in Full-Service Restaurants in Nigeria?
- How are multinational and local operators competing and expanding in Nigeria?
- How are consumer lifestyle trends and eating habits shaping Full-Service Restaurants in Nigeria?
- How is the Full-Service Restaurants 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 Full-Service Restaurants in Nigeria? Which of these trends hold the greatest potential demand?
- Where is future growth expected to be most dynamic?
Full-Service Restaurants in Nigeria - Category analysis
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
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:
Full-Service Restaurants
- Chained Full-Service Restaurants
- Independent Full-Service Restaurants
-
-
- Chained Asian Full-Service Restaurants
- Independent Asian Full-Service Restaurants
-
- Chained European Full-Service Restaurants
- Independent European Full-Service Restaurants
-
- Chained Latin American Full-Service Restaurants
- Independent Latin American Full-Service Restaurants
-
- Chained Middle Eastern Full-Service Restaurants
- Independent Middle Eastern Full-Service Restaurants
-
- Chained North American Full-Service Restaurants
- Independent North American Full-Service Restaurants
-
- Chained Pizza Full-Service Restaurants
- Independent Pizza Full-Service Restaurants
-
- Chained Other Full-Service Restaurants
- Independent Other Full-Service Restaurants
-
Full-Service Restaurants
FSR (full-service restaurants) encompasses all sit-down establishments where the focus is on food rather than on drink. FSR is characterized by table service and a relatively higher quality of food compared to quick-service units. Menus offer multiple selections and may include breakfast, lunch and dinner. Preparation of food products is often complex and involves multiple steps. NOTE: restaurants types catalogued in this segment refer to table-service only (outlets with a proper “full table service:” wait staff attending customers and taking orders at the tables). Outlets with “limited table service” are excluded from FSR. For example: outlets where customers order their food at the counter are excluded (even though the waiter will then bring the food at the table).
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 Full-Service Restaurants research and analysis database.
NEW REPORT GUARANTEE
If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extraction Free!