Meals and soups is expected to grow well over the forecast period, from quite a low base. Growth will be driven primarily by economic recovery, as products in this category are largely considered luxuries by much of the population.
Ready meals is expected to grow robustly over the forecast period. With growing demand for conveniently prepared foods amongst the urban population, there is great scope for local ready meals to grow over the forecast period, particularly if they are based on local delicacies.
The soup category is projected to see strong growth in volume and value terms over the forecast period. It is expected that, with an anticipated recovery in the economy following the poor economic conditions of 2020-2023, the expatriate population will continue to grow well, and will continue to demand soup varieties.
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Understand the latest market trends and future growth opportunities for the Meals and Soups 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 a comprehensive range of core packaged food categories.
If you're in the Meals and Soups 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.
Meals and Soups
This is the aggregation of ready meals, pizza, food kits, prepared salads, and soup. Includes: These are products that have had recipe 'skills' added to them by the manufacturer, resulting in a high degree of readiness, completion and convenience. Food kits is an exception where typically the extent of preparation is much shorter than other meal products; includes meal kits where consumers are to put together pre-portioned ingredients and cook with the guidance of recipe cards. Ready meals are generally accepted to be complete meals that require few or no extra ingredients. However, in the case of shelf stable ready meals, the term also encompasses meal 'centres’; for food kits, they do require a degree of cooking and preparation. As such, some meals may require cooking (ready-to-cook); others may simply need reheating, prior to serving (ready-to-eat). Excludes: Any products sold unpackaged and/or by weight, including food sold from a retail deli counter.
See All of Our DefinitionsThis report originates from Passport, our Meals and Soups research and analysis database.
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