Grocery market in Nigeria
The Nigerian Grocery eCommerce market is predicted to reach US$139.1 million by 2024 and accounts for 5.5% of the total 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 21.8%, resulting in a projected market volume of US$306.3 million by 2028. Within the Grocery market ECDB considers the following two sub-markets: Food and Beverages.
Market development
eCommerce revenue development in the Alcoholic Beverages market in Nigeria
The Nigerian Alcoholic Beverages eCommerce market is predicted to reach US$43.8 million by 2024 and accounts for 71.6% of the Beverages 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 22.7%, resulting in a projected market volume of US$99.0 million by 2028. The Alcoholic Beverages eCommerce market is a sub-market of the Beverages market. Further categories within the Beverages market are: Non-Alcoholic Beverages.
eCommerce revenue development in the Alcoholic Beverages market in Nigeria
eCommerce revenue growth in the Alcoholic Beverages market in Nigeria
Net eCommerce revenue split by sub-category
2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue (in mUS$) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | ||||
Growth (in %) | 54.4 | 65.1 | 57.8 | 33.2 | 66.8 | 78.5 | 33.6 | 41.5 | ||||
as of Beverages (in %) | 1.5 | 1.8 | 1.8 | 2.4 | 2.3 | 2.3 | 2.5 | 2.7 | 3.0 | 3.2 | 3.5 | 3.9 |
Market definition
Definition of the Alcoholic Beverages market within the Grocery market
Market definition: Grocery > Beverages > Alcoholic Beverages The category Alcoholic Beverages includes the online trade of wine, liquor, beer, and more. This category does not cover non-alcoholic beer and non-alcoholic sparkling wine. All monetary figures refer to the annual gross revenue and do not factor in shipping costs.
In-scope
- Wine
- Liquor
- Beer
- Sparkling wine and champagne
- Liqour and beer mixed drinks
Out-of-scope
- Non-alcoholic beer
- Non-alcoholic sparkling wine
Market comparison
The Nigerian Alcoholic Beverages market in a global comparison
Market comparison by growth, online share, and revenue in 2023
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