The most significant challenge facing the cheese market over the forecast period is expected to be the volatile exchange rate, which has already led to steep depreciation of the local currency over the past five years. As import costs continue to rise, there is a potential reduction in the consumer base, posing a challenge for leading brands to maintain visibility and market share.
As Nigeria's economy returns to stronger growth, rising disposable incomes are expected to drive demand for cheese, which is not traditionally considered an essential product in the country. The expansion of modern retail outlets, including supermarkets, hypermarkets, and independent small grocers, presents a significant opportunity for the cheese category.
Over the forecast period, spreadable processed cheese is expected to be the best-performing subcategory in volume terms. Since its significant introduction to the Nigerian market in 2015, this subcategory has been growing from a low base, with its novelty making it particularly attractive to consumers.
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Understand the latest market trends and future growth opportunities for the Cheese 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 Cheese 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.
Cheese
This is the aggregation of hard, soft, spreadable and processed cheese (excl spreadable). Note: Non-dairy cheese substitutes are excluded from this category and tracked under plant-based cheese.
See All of Our DefinitionsThis report originates from Passport, our Cheese research and analysis database.
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