Webhaptic intelligence limited is a well-known market research firm that produces high-quality, visually appealing reports on current market trends for bottled water manufacturers and consumers. The Bottled Water in Nigeria study from Webhaptic provides a detailed analysis of the market’s size and shape on a nationwide basis. It gives the most up-to-date retail sales data, allowing you to pinpoint the industries that are driving development. It highlights the leading companies and brands, as well as provides strategic analyses of the market’s key affecting elements, such as regulatory, distribution, packaging, and pricing challenges. Forecasts through 2026 show how the market is expected to change.

There are a lot of bottled water brands in Nigeria, and you may not have heard of some of them because they are location-specific. In this study we checked out the top brands in Nigeria; Eva Bottled Water, Ragolis Spring Bottled Water, Nestle Pure Life Bottled Water, Aquadana Bottled Water, Aquafina Bottled Water, Cascade Table Water, Cway Bottled Water, and others are among our top picks in the bottled water market. With its Eva brand, Coca-Cola Nigeria Ltd was the leading brand operator in the bottled water market in 2021. The company has been able to position Eva water as one of the leading premium brands in Nigeria due to its known reliable quality, reputation, distributional reach, and marketing strength of its different brands in carbonates and juice.

As a result of the economic recovery, sales of bottled water grew at a faster rate in 2021. Bottled water continues to prosper in Nigeria due to a lack of safe drinking water and the hot heat. In both urban and rural areas of Nigeria, a high number of households lack access to safe drinking water. Despite a significant increase in unit prices due to greater manufacturing costs, Nigerians have a strong demand for bottled water due to the hot heat and limited availability of pipe-borne water. Furthermore, because of the continued (and rising) trend of spending long periods stuck in traffic in Nigeria’s major cities, on-the-go sales of cold, packaged water remain vital for the country’s growing population.

Due to rising production and cold storage expenses (due to higher electricity and fuel prices), double-digit inflation, and depreciation of the local currency, the total unit price of bottled water increased dramatically in 2021, limiting producers’ marketing due to strained margins. The combination of these elements, in comparison to the current forecast, may slow the rise of bottled water.

In 2015, Nigeria’s bottled water business was worth 1.15 billion dollars. The water market in Nigeria is expected to reach 7.52 billion USD by 2025, growing at a CAGR of 16.89% per year between 2020 and 2025. This is a reduction from the annual growth rate of roughly 25.19% from 2015 to 2019. In 2015, the average per capita consumption in value terms was 6.53 USD. It expanded at a CAGR of 21.95% per year during the next five years. The indicator is expected to slow down its growth in the medium term (by 2025) and increase at a CAGR of 13.97% per year.

The bottled water report by Webhaptic Intelligence Limited can help you understand the latest market trends and potential growth prospects in Nigeria’s bottled water business. Trust our professionals and become a Webhaptic Intelligence client in Nigeria. We invite you to take advantage of our excellent services.

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