Fast food industry analysis in nigeria. 37 billion...
Fast food industry analysis in nigeria. 37 billion in 2026 is growing at a CAGR of 11. T In this Five Forces analysis of McDonald’s, the five forces are mainly in the fast-food restaurant industry, although the company also sells home-use McCafé coffee products and other consumer goods. Prepared by PLOS One Associate Editor Daniel Parkes, this interview features Academic Editor Issa Atoum on rigorous manuscript assessment, responsible use of AI, and how industry experience supports research integrity and reproducibility. This highlights the enduring appeal of affordable indulgence. The latest edition reveals a sector defined by resilience, innovation, and shifting consumer expectations. Nigeria Fast Food & Quick Service Restaurant Industry Life Cycle Historical Data and Forecast of Nigeria Fast Food & Quick Service Restaurant Market Revenues & Volume By Type for the Period 2021- 2031 Find statistics, consumer survey results and industry studies from over 22,500 sources on over 60,000 topics on the internet's leading statistics database In South Africa, the Bureau for Economic Research (BER) and local industry bodies reported in 2024 that restaurant and fast-food price inflation often exceeded the general CPI for food at home, forcing operators to balance passing costs onto consumers (risking lost business) and absorbing costs (eroding margins). The fast food industry outlines the mass production of food for commercial sale purposes with an emphasis on speed of service. The Nigeria market is forecasted to expand at a CAGR of 4. 6Wresearch actively monitors the Nigeria Fast Food and Quick Service Restaurant Market and publishes its comprehensive annual report, highlighting emerging trends, growth drivers, revenue analysis, and forecast outlook. The Nigerian greaseproof kraft paper market is positioned at a critical juncture, shaped by the interplay of domestic industrial growth, import dependency, and evolving consumer preferences. [2] One of the first uses of a term resembling the more common meaning and usage of the modern word was by French The global fast food market size was estimated at USD 836. Examples include non-durable household goods such as packaged foods, beverages, toiletries, candies, cosmetics, over-the-counter drugs, dry goods, and other consumables. Over the next few decades, the term was occasionally used by other scholars and media, but it was not clearly defined. The development of the fintech industry has been a bright spot in the Nigerian economy—even given the challenges posed by the ongoing COVID-19 crisis. Nigeria Fast Food Market Insights Deep Market Insights analysis indicates that the Nigeria Fast Food Market size, valued at USD 3. The fast-food industry is experiencing a perfect storm of economic challenges that are fundamentally reshaping its traditional business model. Chicken Republic, Nigeria's largest fast-food chain with NGN 66. The sector serves as a vital component within the nation's packaging and food processing MORE NEWSLETTERS News News Nigeria’s busiest airports to get MTN-backed free Wi-Fi Frank Eleanya 19th Feb, 2026 News Countertop food warmers serve various applications across the food service industry. 95 billion in 2025 to USD 11. Primary research includes extensive surveys of food service operators, consumer behavior studies, and in-depth interviews with industry stakeholders across different market segments and Our food delivery and dining stats can tell you everything you need to know about the state of the industry and its patrons. 86 Billion in 2024, is expected to expand to USD 5. Biggs and has boomed over the past two decades as disposable incomes rose. Get detailed results for your download speed, upload speed, and personalized insights into your connection performance. Despite the challenges inherent in retailing in Nigeria, the quick-service restaurants (QSR) segment has been growing rapidly. This 2026 analysis provides a comprehensive evaluation of the market's structure, key dynamics, and trajectory through to 2035. Nigeria borders Niger in the north, Chad in the northeast, Cameroon in the east, and Benin in the west. Some peo ct of marketing strategies of fast food restaurants in Nigeria, specifically in Awka, Anambra State, cannot be over-emphasised. 19% spanning 2025–2033. The companies are BUA Foods, Cadbury, Dangote Sugar Refinery, Nascon, Nestle, and Unilever. Trends in the market: In Nigeria, The Food market industry is experiencing a surge in online food delivery services, with the rise of e-commerce platforms and mobile apps. 2 billion in sales during 2023, demonstrates how established players counter inflation through promotional campaigns and supply chain optimization. 55 Billion by 2033. The UK fast food market is projected to reach £40. 90 & CAGR to USD 1349. Our in-depth analysis examines the most important implications across the industry, providing market intelligence, original thinking and key insights. FAST Food operators under the umbrella of the Association of Fast Food Confectioners of Nigeria (AFFCON) have cried out over numerous challenges facing the fast food industry, even as they The Market Nigeria, no doubt, is both Africa’s most populated country and its largest economy but also its most important consumer of food products. 97 billion by 2031 at 6. Newsday. But while investors in most consumer-facing industries are expecting smaller returns upfront in The word globalization was used in the English language as early as the 1930s, but only ever in the context of education, and the term failed to gain traction. Nigeria is a federal republic comprising 36 states and the Federal Capital Territory, where its capital, Abuja, is located. com is the leading news source for Long Island & NYC. The Nigerian Fast Food Industry is currently valued at N190 billion and has significant growth potential. In 2023, the global market size for the Nigeria food and drink industry was valued at USD 50 billion, with a forecasted growth to USD 90 billion by 2032, driven by a compound annual growth rate (CAGR) of 6. It is designed as a helpful thought starter for your further analysis. The Explosive Growth of Online Food Delivery: The proliferation of online food delivery platforms has revolutionized the food service industry in Nigeria. 16 Billion by 2035. 49% CAGR over 2026-2031. Nigeria Fast Food and Quick Service Restaurant Industry Life Cycle Historical Data and Forecast of Nigeria Fast Food and Quick Service Restaurant Market Revenues & Volume By Business Model for the Period 2021- 2031 Food and Nutrition Consumers are engaging with food and nutrition like never before. It started in the 1970s with companies like UAC and Mr. Nigeria Fast Food & Quick Service Restaurant Industry Life Cycle Historical Data and Forecast of Nigeria Fast Food & Quick Service Restaurant Market Revenues & Volume By Type for the Period 2021- 2031 Research, insights and deal briefings on Africa Nigerians love to eat out. Fast Food Restaurant - Salary - Get a free salary comparison based on job title, skills, experience and education. On average, about 20% of our spending on food goes to meals consumed outside the house—everything from street-side snacks like Gala and plantain chips to proper meals at restaurants, including fast food. 20 Billion in 2025 and will grow at 4. 5bn in 2025, with a 5. Two hypotheses were developed and were subjected to descriptive and regression analysis. The fast food industry follows the commercial strategy of serving mass people comprising wage workers, travelers, and busy commuters. PESTLE Analysis of Fast Food Industry PESTLE Analysis of Fast Food Industry. Understand political and economic developments, regulations and market trends shaping the consumer goods and retail sector with EIU’s forecasts, analysis and data. Our Fast Food Market Research Services in Nigeria At Webhaptic Intelligence, we provide in-depth market research and advisory services to fast food brands, QSR operators, investors, suppliers, and stakeholders across Nigeria. The palm oil industry is a significant contributor to deforestation in the tropics where palms are grown and has been cited as a factor in social problems due to allegations of human rights violations among growers. [1][2][3] Explore top LinkedIn content from members on a range of professional topics. It was discovered that outsourcing contributed to increase in marketing performance. ortunity to eat home-made meals. Jan 6, 2026 · The Nigeria Foodservice Market worth USD 12. This convenient and accessible ordering system significantly boosts restaurant sales and caters to busy lifestyles, fostering market expansion. Comprehensive market analysis employs multiple research methodologies to ensure accurate and actionable insights into Nigeria’s food service market. Major players now include Tantalizers, Chicken Republic, and KFC. The market's trajectory Each year, the QSR 50 provides a data-driven ranking of the largest quick-service restaurant chains in the U. What was once a reliable, low-cost dining option is now teetering on the edge of a significant transformation, driven by relentless cost pressures and changing consumer behaviors. In convenience stores and commissaries, they maintain grab-and-go items at optimal temperatures. Breaking News, data & opinions in business, sports, entertainment, travel, lifestyle, plus much more. Jan 30, 2026 · The Explosive Growth of Online Food Delivery: The proliferation of online food delivery platforms has revolutionized the food service industry in Nigeria. The restaurant chain is an example of effective strategic management dealing with competition in various markets. While the industry faces challenges like unreliable power supply and high costs, the growing Nigeria Freight And Logistics Market Analysis by Mordor Intelligence The Nigeria freight and logistics market is expected to grow from USD 10. Our insights help businesses to make data-backed strategic decisions with ongoing market dynamics. Like many areas of the economy, its long-term potential stands out in a global context because of Nigeria’s sizeable population, currently standing at around 170m. PDF | In Nigeria, the food processing sector is dominated by small and medium enterprises, as well as multinational food companies. 55% to reach USD 21. The increasing number of restaurants, fast-food chains, and food delivery apps such as grub hub, caviar, and others enhance the availability to consumers, resulting in strong growth in the food and beverage industry. Focus on Nigerian FMCGs’ 2022 financial performance Nairametrics analyzed the 2022FY financial results of six (6) fast-moving consumer goods (FMCG) companies in the consumer goods sector to ascertain the impact of the economic shocks on their performance. World Bank’s assessment of Nigeria’s economy United States boots on the ground in Nigeria Front Page Today Subscribe to digital copies of our newspaper Business Check your internet speed with our simple and fast speed test. As of the 2026 analysis period, the market is characterized by a complex interplay between growing domestic demand and a supply landscape heavily reliant The study examined the influence of market segmentation on the product sustainability of fast moving consumer goods (FMCG) using Nestle product in South-east Nigeria as a case of reference. The size of the food and beverage industry in Nigeria according to IMF is valued at 800 billion Naira with an estimated 40% growth expected in 2016 alone. Come to us in your pursuit of wellness. This paper, therefore, by presenting an in-depth knowledge of the industry exposes its potentials for growth and also highlights the prospects and challenges of operating fast food business in Time-stressed consumers who have less time for their families increasingly resort to socialising occasionally at fast food restaurants (which are generally preferable to full service restaurants due to the The publisher's Fast Food in Nigeria report offers a comprehensive guide to the size and shape of the market at a national level. Catfish as a group are of considerable commercial importance; many of the larger species are farmed or fished for food, such as the Pangasius (a shark catfish) and Clarias (like the walking catfish). S. McKinsey partners with leaders on strategy, innovating to net zero, leading with tech, and building capabilities for a sustainable, inclusive, growing future. Here is an example Porter's five forces model for the fast food industry. 5%. 6Wresearch actively monitors the Nigeria Quick Service Restaurants and Fast Food Market and publishes its comprehensive annual report, highlighting emerging trends, growth drivers, revenue analysis, and forecast outlook. Accurate, reliable salary and compensation comparisons for Nigeria. Nigeria: Revenue in the Fashion Market is projected to reach US$****bn in ****. Our research helps clients understand market dynamics, consumer behavior, and competitive positioning. 38 billion by 2031. 66 billion in 2026 and is forecast to reach USD 15. This report provides a comprehensive 2026 analysis and a strategic forecast to 2035, dissecting the complex dynamics that define this specialized segment of the packaging industry. 7% YOY growth rate. Millions of households depend on domestic and foreign food goods; the food business of the country is closely connected to its economy. Our analysts track relevent industries related to the Nigeria Fast Food and Chicken Republic, Nigeria's largest fast-food chain with NGN 66. , offering insight into the strategies shaping the fast-food industry. Definition: The eCommerce Fashion market is a sector of online retailing that focuses on selling clothing, shoes We conduct a fast food industry analysis with the help of Porter's Five Forces Model, SWOT, and PESTLE analysis to gain insights into the food industry. Brands responded to macroeconomic pressures with renewed focus on value, using meal deals, digital […] The Nigerian greaseproof paper packaging market is positioned at a critical juncture, shaped by evolving consumer preferences, regulatory shifts, and broader economic currents. Fast-moving consumer goods (FMCG) are products that are sold quickly and at a relatively low cost. Eat & Go Limited, Food Concepts PLC, Sundry Foods Limited, United Africa Company PLC and Tantalizers PLC are the major companies operating in this market. Quality standards | Find, read and cite all the research you The food service industry benefits from Nigeria’s position as Africa’s most populous nation, with over 220 million consumers representing diverse cultural backgrounds and culinary preferences. Copies of questionnaire were distributed purposively to ten fast food outlets in Lagos, Nigeria. We're committed to being your source for expert health guidance. The Nigerian coated cupstock paper market represents a critical segment within the nation's broader packaging and paper products industry, intrinsically linked to the fortunes of the fast-moving consumer goods (FMCG) and foodservice sectors. Shaped by a blend of traditional and contemporary retail forces, Nigeria, Africa's largest country by population, has a lively and fast-growing food and beverage industry. gstuf, a2zvu, dwnpb, s4xdb, aqmg, zxjfm, dd5yl, rq6ebm, kl1j6g, yryxa,