Market research on consumer products, commercial industries, demographics trends and consumer lifestyles in nigeria includes comprehensive data and analysis, tables and charts, with five-year forecasts. Sidel, a leading global provider of complete pet packaging lines and solutions for the beverage industry said that nigeria is expected to grow the beverage industry at an annual growth rate of 108 percent in 2019. Home opinion - analysis is competition from foreign brands killing the nigerian fast food industry by fola ogunde on august 3, 2012 foreign quick service restaurants, popularly known as fast food restaurants are springing up all over the place. Written by stuart graham nigeria’s qsr industry now has more than 150 fast-food brand names, including local companies sweet sensation, chicken lovers, chicken licking, mama cass, captain cook. Fast food operators under the umbrella of the association of fast food confectioners of nigeria (affcon) have cried out over numerous challenges facing the fast food industry, even as they.
Fast food in nigeria 2010 focuses on the rapidly growing fast food industry in nigeria and contains analysis of market size, key competitors, growth drivers, industry challenges and forecasts for. The competitive strategies of nigerian fast food brands british airways segmentation, targeting, positioning economic, social, technological, ecological, and legal (pestel) analysis in nigeria this pestel analysis seeks to provide direct insight into the future of the ivd space in nigeria topanin pharma market analysis report. Industry analysis of fast food industry in nigeria wsu analysis of the fast food industry assignment 3 [type the author name] 6/1/2012 analysis of the fast food industry in the united states, fast food is as much a tradition as is baseball and football.
The fast food industry in nigeria became prominent in the 1970s in 1973, nigeria’s oldest fast food chain mr biggs, owned by uac, was founded and the restaurant was arguably the largest. A burger king at the oulu central square, finland the five forces analysis shows that burger king must prioritize competition, consumer concerns, and the impact of new firms in addressing external factors in the fast food restaurant industry environment. 30 an overview of the nigerian fast food industry according to the association of fast food and confectioners of nigeria (affcon), the nigerian fast food industry is healthy and currently worth about n190 billion with the potential to grow bigger (vanguard, 2009.
The australian fast food market is valued at more than 27 billion gpb and is composed of 14 billion fast food meals this includes meals serviced at 17,000 fast food outlets the fast food market has experienced an average annual growth rate of 65 percent, which is the most rapidly growing sector of the retail food market. Companies in the fast food industry provide quick and affordable alternatives to home-cooked meal for young adults, working professionals, and families. The fast food industry in nigeria is very competitive and dynamic as it is in any part of the globe due to the presence of aggressive market players and a changing market environment, every company is trying to get a fair. The nigerian organised fast food industry is currently worth about n190 billion with the potential to grow bigger mrs olayinka adedayo, president, association of fast food and confectioners of. Nigeria consumer goods and retail service offers analysis, data and forecasts from the eiu to support industry executives' decision-making.
With a population of around 160m, an underdeveloped food and drink industry and a strong macroeconomic outlook, nigeria has the potential to be sub-saharan africa’s most dynamic long-term consumer story. Bmi's nigeria food & drink report provides industry professionals and strategists, sector analysts, business investors, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the food and drink industry and the mass grocery retail market in nigeria. Fast food market overview : global fast food market is estimated to reach $8506 billion by 2024 growing at a cagr of 55% from 2016 to 2024 fast food can be defined as an alternative to home-made meals which can be prepared quickly, easily accessible, and served.
Fast food industry pestel analysis the popularity of fast food does not cease to increase despite the rising health consciousness in society, the industry has shown healthy growth. The fast food industry, originally conceived in southern california during the 1940s, not only altered the eating habits of americans, but also those in many other countries around the world, including asian countries (schlosser, 2001)fast food. The fast food market is still at its infancy in nigeria and therefore there is a growing trend, the fast food industry is still planning for additional growth for example, mr biggs perhaps one of the high quality fast food operators in the country started at the defunct king’s-way building along marina, lagos around 1976 and has since.
The association of fast food and confectioners of nigerian (affcon), an umbrella body of quick service restaurants (qsr) has revealed that the nigerian food industry is estimated to worth over a. A few of the chief economic and business characteristics of the global fast-food industry are as follows: in the market growth rate the expected food sales is predicted to increase by $208 billion by 2020 with us already being at $800 billion by 2001. Editorial lagos — one of the fastest growing businesses in the country today is the fast food industry fast food restaurants are springing up at every street corner in highbrow and down town.