What is the market size of Fast Food in Nigeria?
What is the market size of Fast Food in Nigeria?
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 trillion Naira, with the Fast Food segment gulping over N250 billion, and this number is still expected to rise in the future …
Do Nigerians eat Fast Food?
Despite the presence of economic, social and political dilemma in the country, the business continues to thrive. Fast-food eating is a dietary pattern that used to be foreign but has gradually become a part of the lifestyle of people in Nigeria especially those in urban areas.
How many Fast Food restaurants are in Nigeria?
Segment Details. As of 2014 there were over 800 QSR outlets in Nigeria, the vast majority of them branded by about 100 small and medium-sized local companies, according to the Association of Fast Food and Confectioners of Nigeria (AFFCON).
Why is there no McDonald’s in Nigeria?
The biggest obstacle blocking McDonald’s from Nigeria is a lack of adequate supply chains. Geographically, Nigeria lies too far from South Africa, Egypt or Morocco to simply expand existing supply chains. Countries with no existing McDonald’s outlets are highlighted here in red.
How can I start a fast food business in Nigeria?
The following are some of the things you need to do when setting up a fast food restaurant in Nigeria.
- Draw Your Business Plan.
- Buy a Popular Fast Food Franchise.
- Choose Your Style Of Service And Menu.
- Employ Good Chefs And Staff.
- Run a Take-out/Delivery Service.
What industry are restaurants in?
hospitality industry
The hospitality industry is a broad category of fields within the service industry that includes lodging, food and drink service, event planning, theme parks, travel and tourism. It includes hotels, tourism agencies, restaurants and bars.
Is KFC in Africa?
With over 1,000 restaurants in the continent, KFC is the leading fast food chain in Africa. But its dominance is limited to South Africa, home to about 80 percent of them.
Does Africa fast food?
Fast food is a rapidly growing business in many African markets. In South Africa alone, market analysts from Euromonitor expect the value of fast food sales to grow an average 9% a year up to 2019 – led by burger sales with an estimated annual growth rate of 21% in the same period.
Does Nigeria have Mcdonalds?
Nigeria. There are thought to be 387 outposts of McDonald’s in Africa (which is fewer than the number in the whole of Mexico), but none of them are in Nigeria despite the continent’s biggest city Lagos being here. The only four African countries to have the franchise are Egypt, Mauritania, Morocco and South Africa.
Is there Burger King in Nigeria?
One of America’s leading fast-food chains, Burger King, has officially launched in Nigeria, bringing its iconic flame grilled burgers to the giant of Africa, with its first outlet in the heart of Lagos.
Does Nigeria have Starbucks?
Review of Cafe Neo. I love Cafe Neo, the branding is consistent and they are intentional about the way they portray themselves. They have loads of branches in Lagos and are Nigeria’s best Starbuck’s alternative.
Does Nigeria have KFC?
“KFC has 16 outlets in Nigeria with significant plans to increase this.” According to some reports Yum! is targeting 300 KFC restaurants by 2020.
