The combined volume in the 'Soft Drinks' segment of the non-alcoholic drinks market in Nigeria was forecast to continuously increase between 2024 and 2029 by in total 1.6 billion litres (+11.82 percent). After the eleventh consecutive increasing year, the combined volume is estimated to reach 15.17 billion litres and therefore a new peak in 2029. Notably, the combined volume of the 'Soft Drinks' segment of the non-alcoholic drinks market was continuously increasing over the past years.
Data provided by Statista Market Insights are estimates.
Definition:
The market Soft Drinks covers varieties of prepared water-based beverages to which flavoring additives (sugar or sweeteners, aromas etc.) have been added. These include cola drinks and lemonades, but also energy drinks, fruit nectars and soft drinks with fruit juice content, as well as value-added or flavored water. Coffee and tea-based drinks are not included.
Structure:
The Soft Drinks market is structured into 3 markets:
Carbonated Soft Drinks denote all artificially sweetened and carbonated Non-Alcoholic Drinks.
Non-Carbonated Soft Drinks contain non-alcoholic liquid refreshment beverages that are not artificially carbonated.
Energy & Sports Drinks include energy drinks and sports drinks, providing functional benefits such as mental and physical stimulation.
Additional information:
The market comprises revenue and average revenue per capita, volume and average volume per capita, price per liter, as well as sales channels. Per capita figures refer to a country’s or region’s whole population.
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Statista Market Insights. (September 30, 2024). Volume in the soft drinks segment of the non-alcoholic drinks market Nigeria from 2018 to 2029 (in billion litres) [Graph]. In Statista. Retrieved November 22, 2024, from https://www.statista.com/forecasts/1435841/volume-soft-drinks-non-alcoholic-drinks-market-nigeria
Statista Market Insights. "Volume in the soft drinks segment of the non-alcoholic drinks market Nigeria from 2018 to 2029 (in billion litres)." Chart. September 30, 2024. Statista. Accessed November 22, 2024. https://www.statista.com/forecasts/1435841/volume-soft-drinks-non-alcoholic-drinks-market-nigeria
Statista Market Insights. (2024). Volume in the soft drinks segment of the non-alcoholic drinks market Nigeria from 2018 to 2029 (in billion litres). Statista. Statista Inc.. Accessed: November 22, 2024. https://www.statista.com/forecasts/1435841/volume-soft-drinks-non-alcoholic-drinks-market-nigeria
Statista Market Insights. "Volume in The Soft Drinks Segment of The Non-alcoholic Drinks Market Nigeria from 2018 to 2029 (in Billion Litres)." Statista, Statista Inc., 30 Sep 2024, https://www.statista.com/forecasts/1435841/volume-soft-drinks-non-alcoholic-drinks-market-nigeria
Statista Market Insights, Volume in the soft drinks segment of the non-alcoholic drinks market Nigeria from 2018 to 2029 (in billion litres) Statista, https://www.statista.com/forecasts/1435841/volume-soft-drinks-non-alcoholic-drinks-market-nigeria (last visited November 22, 2024)
Volume in the soft drinks segment of the non-alcoholic drinks market Nigeria from 2018 to 2029 (in billion litres) [Graph], Statista Market Insights, September 30, 2024. [Online]. Available: https://www.statista.com/forecasts/1435841/volume-soft-drinks-non-alcoholic-drinks-market-nigeria