Grocery market in Nigeria
Market development
eCommerce revenue development in the Meal Kits market in Nigeria
The Nigerian Meal Kits eCommerce market is predicted to reach US$4.3 million by 2024 and accounts for 5.2% of the Food eCommerce market in Nigeria. It is expected to increase over the next years. The expected compound annual growth rate for the next four years (CAGR 2024-2028) will be 20.5%, resulting in a projected market volume of US$9.0 million by 2028. The Meal Kits eCommerce market is a sub-market of the Food market. Further categories within the Food market are: Baked Goods, Food Cupboard, Fresh Food, and Frozen Food.
eCommerce revenue development in the Meal Kits market in Nigeria
eCommerce revenue growth in the Meal Kits market in Nigeria
2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | |
---|---|---|---|---|---|---|---|---|
Revenue (in mUS$) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
Growth (in %) | 58.8 | 86.8 | 42.0 | 4.3 | 32.9 | 43.1 | 71.1 | 13.4 |
Market definition
Definition of the Meal Kits market within the Grocery market
Market definition: Grocery > Food > Meal Kits Meal Kits provide all the ingredients and recipes needed to prepare a complete meal. This category does not cover recipe books and ready meals. All monetary figures refer to the annual gross revenue and do not factor in shipping costs.
In-scope
- Meal kits provide all the ingredients and recipes needed to prepare a complete meal
Out-of-scope
- Recipe books
- Ready meals
Select sub-category
- Other Fresh Food *
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