en keyboard_arrow_down
keyboard_arrow_left See all news

Recent News

13 Jun, 2022 /
Dr. Felix Guntermann (GTAI)
Ethiopia pushes ahead with privatisation of the sugar industry
With the establishment of the Ethiopian Sugar Industry Group (ESIG) in March 2022, Ethio...
08 Jun, 2022 /
Samira Akrach - GTAI
Swiss machine builder active in Ghana's cocoa sector
Swiss machine builder active in Ghana's cocoa sector Ghana, along with Côte d'Ivoire...
02 Jun, 2022
Sharp growth: Iran agrofood 2022 covering 18 halls with 450+ exhibitors from 18 countries
The decades-long success story of Iran agrofood as the most important agrofood platform ...
31 May, 2022
plast & printpack alger 2022: The powerful restart for the Algerian plast & printpack industry
“Recycling of plastics and packaging material - Algeria on the way to a circular econo...
23 Feb, 2022
Kenya is the second largest importer of food & beverage process and packaging technology in East & Central Africa
Kenya‘s food industry is among the most diversified in sub-Saharan Africa
/ 02 Feb, 2022
keyboard_arrow_left See all news

Food industry Nigeria

The industry is still dominated by the informal sector. However, the formal sector is also benefiting from the increasing demand.

The market for food and beverages was only able to record low growth rates of 1.5 per cent of the gross domestic product (GDP) in the crisis year of 2020, but in 2021 it will grow more again with a real growth rate of 6 to 7 per cent. Growth will be hampered by food price increases of up to 20 per cent. The market is highly fragmented, with large international food companies such as Nestlé and Unilever as well as local players Prima Foods and Yale Foods. The growing population and an increasing middle class will increasingly demand food and beverages. Beverage producers have recently expanded their capacities.

(Source GTAI)
Processing. Please wait.