Nigerias Food and Beverage Industry Achieves N10.84 Trillion Market Capitalization
As of January 2025, Nigeria's food and beverage sectors have collectively reached a market capitalization of N10.84 trillion, reflecting significant growth in these industries. The beverage sector, encompassing breweries and distilleries, contributed N2.06 trillion to this figure. Leading companies such as Nigerian Breweries Plc and International Breweries Plc were major contributors, with market capitalizations of N997.65 billion and N908.77 billion, respectively.
The food products sector emerged as the largest contributor, boasting a market capitalization of N8.04 trillion. BUA Foods Plc led this segment with an impressive N7.47 trillion. Other notable companies included Dangote Sugar Refinery Plc, with a market cap of N400.85 billion, and Honeywell Flour Mills Plc, at N72.24 billion. However, some companies, such as Multi-Trex Integrated Foods Plc, reported no trading activity, indicating ongoing operational challenges.
In the diversified food products category, dominated by multinationals, the market capitalization stood at N745.56 billion. Nestlé Nigeria Plc led this sub-sector with a remarkable N693.57 billion, while Cadbury Nigeria Plc accounted for N51.99 billion.
This substantial market capitalization underscores the robust growth and resilience of Nigeria's food and beverage industries. Despite facing economic challenges, these sectors continue to attract significant investments and demonstrate strong performance in the Nigerian economy.
Market Nigeria - News Service
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