Food is any substance consumed to provide nutritional support for the body. It is usually of plant or animal origin, and contains essential nutrients, such as fats, proteins, vitamins, or minerals. The substance is ingested by an organism and assimilated by the organism's cells to provide energy, maintain life, or stimulate growth. Drinks, or beverages, are liquids intended for human consumption. In addition to basic needs, beverages form part of the culture of human society. Although all beverages, including juice, soft drinks, and carbonated drinks, have some form of water in them, water itself is often not classified as a beverage, and the word beverage has been recurrently defined as not referring to water.

In this report, all the data of food and drink market concluded Bread & Cereal,Fruits & Vegetable ,Fish Products,Meat Products,Dairy Products,Oils & Fats,Beer & Wine,Soft Drinks and Others(Snacks, Candy, Chocolate, Prepared meals, Grain mills and starch products, etc)

With a rapidly increasing population that currently stands at about 170 million, Nigeria possesses a potentially dynamic consumer story. Rising spending power of the middle class will boost the food and drink industry.
Nigeria produces a number of key agricultural crops locally and is the world\'s fourth largest cocoa grower. Per capita food consumption is expected to grow strongly over the coming years. Investment into the highly underdeveloped mass grocery retail industry will increase. The wealthiest Nigerians will continue to fill their baskets with the most expensive goods.
Beverage companies will continue to invest in diversification away from carbonated beverages and into healthier sub-sectors. Private equity companies will take a greater interest in emerging market consumer assets. Companies with strong Emerging Market exposure will continue to outperform. Multinationals will increasingly pursue frontier market investments. Despite encouraging growth, per capita soft and alcoholic drinks consumption remains low.

The Global Food and Drink Market had reached xxx million USD with a CAGR xx from 2018-2022. Later on, it will go to xxx million USD in 2023 with a CAGR xx % from 2023 - 2030.

In the global Food and Drink Market, This report focuses particularly in North America, South America, Europe and Asia-Pacific, and Middle East and Africa. This report classifies the Market on the basis of application, type, regions, and manufactures.

In Market segmentation by manufacturers, the report covers the following companies-

Friesland Wamco
Dangote Group
Nigerian Breweries
Coca Cola
Guinness
Nestle Nigeria
Unilever Nigeria
PZ Cussons
CHI Limited
UAC Foods
Cadbury Nigeria
SevenUp Bottling
SABMiller
Honeywell Flour Mills
De-United Foods
Promasidor

In Market segmentation by geographical regions, the report has analysed the following regions-
North America (USA, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

In Market segmentation by types :

Bread & Cereal
Fruits & Vegetable
Meat Products
Dairy Products
Oils & Fats
Beer & Wine
Soft Drinks
Others
In Market segmentation by applications :

Supermarkets
Traditional Markets
Conveniece Stores
Online Sales

The research provides answers to the following key questions:
• What is the estimated growth rate and Market share and size of the Food and Drink Market for the forecast period 2023 - 2030?
• What are the driving forces in the Food and Drink Market for the forecast period 2023 - 2030?
• Who are the prominent Market players and how have they gained a competitive edge over other competitors?
• What are the Market trends influencing the progress of the Food and Drink industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the Market hold for the prominent Market players?
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Note – In order to provide more accurate market forecast, all our reports will be updated before delivery by considering the impact of COVID-19.

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