Best B2B Service Providers in Nigeria: Ken Research

Market Research Company in Nigeria: During the present trend, the research market across Nigeria is at an augmenting stage. Along with the significant growth in the amount of second hand and newer passenger and the commercial vehicles across the economy, the market of lubricants have augmented over the present duration. Not only has this, but the market of the baby food industry across Nigeria is also mainly propelled by the effective growth in the disposable income of the people, the effective growth in the consciousness amongst the parents to deliver healthier food to the babies, augment in the internet retailing amongst the several other factors. The research market is probable to recent positive growth and endures to develop in the upcoming years.

In addition, the logistics are vivacious for the economic presentation of any economy. Nigeria has poor functioning and logistical concerns along with the overdue custom processes and congestion on the roads. It is an import-based province and the region are reliant on the export of crude oil. The growth in the Nigerian logistics market has been owing to the Infrastructural advancements in the Railways and Airways, advancement in the foreign ties with the other regions, and the growing e-commerce segment.

The boom of the e-commerce and simplification of e-payment systems such as haystack, PIN-based debit cards in Nigeria have augmented the requirement of the couriers and parcel market in the region. The effective growth in the prominence of online shopping will also underwrite towards a long-term growth for the EDS (Express delivery Segment) in the future. The growth of the E-commerce business has led to a conjunction of B2B and B2C traffic, with the parcel logistics merchants progressively implementation both to serve clients’ Omnichannel supply chains.

Nonetheless, the Nigerian Remittance Market is enumerated by the International remittance. The United States, the United Kingdom, and the European provinces are the principal sources of remittance in the regions. An augmenting number of migrants has a straight and positive hollow on the growth of the remittance industry. Moreover, interior migration is also on the augment in the country. The presence of jobs and migration have cooperatively reinvigorated the growth of the international as well as domestic remittance industry.

Although, the competition within Nigeria Logistics and Warehousing Market is exceedingly fragmented in nature with the occurrence of national and International players such as DHL, FedEx, Redstar, UPS, GMT Logistics, MDS logistics, GIG, ABC transport, Bollore, Maersk Line, TSL, and several others. The competition in the freight forwarding corporates is more than warehousing owing to the existence of the several players with the differentiated solutions at competitive costs. The logistic price in the market is tremendously high leading to retrenchment of the manufacturing segment in the GDP.

Although, the prerequisite of the lubricants of the domestic market is met by both the worldwide players as well as autonomous marketers in the economy. The worldwide players operating in the region had a major share in the market share in terms of the sales capacity as corresponded to independent marketers. However, the Lubricants Market Future Outlook is promising due to the crude oil prices enhance, Nigeria’s region is predicted to augment at a greater rate and therefore the obtaining power of the individual is also probable to extend in the near years.

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Nigeria Logistics and Warehousing Market Outlook to 2023

Nigeria Baby Food Market Outlook to 2023

Contact Us: –

Ken Research

Ankur Gupta, Head Marketing & Communications

Ankur@kenresearch.com

+91-9015378249

Encouraging Trends In Vision Of Market Research Firms In Nigeria Market Outlook: Ken Research

Throughout the existing era, the Market Research industry Nigeria transversely is at an augmenting stage. Whereas, with the utmost growth in the measure of second hand and fresh passenger and commercial vehicles in the region, the Lubricants Market has completely augmented over the recent past years. Not only has this, but the Nigeria Baby Food Industry in the region is also majorly subjective by the effective growth in the disposable income of the people, momentous growth in the responsiveness among the parents to give the recovering food to the babies, gargantuan augment in the internet retailing amongst the numerous other aspects. The market is plausible to demonstrate positive growth and follow to advance in the coming years.

For instance, Nigeria has dispossessed infrastructure and logistical concerns along with the deferred custom progressions and overcapacity on the roads. It is an import-based region and the region is based on the export of crude oil. The market research firms across Nigeria states that the growth in the Nigerian logistics market has been owed to the infrastructural improvements in the Railways and Airways, encroachment in the foreign ties with several other regions, and the increasing e-commerce sector.

Nevertheless, depending on the Market Research Firms such as Ken Research, the African logistics market has seen a tough growth in the middle of 2013 and 2018 accounting for an individual digit CAGR during this duration. The mainland is momentously rich with the natural grounds and growth in the mining of the coal has maintained the market augment. The primary exporting partners comprise China, United States, and Japan. Not only has this, but the infrastructure has also been challenging for Africa and China has buttressed enormously to restraint the apprehension. China has made a number of investments to advance to roads, ports, and railways which was sponsored in the growth of the market. The freight forwarding market countersigns the foremost towards the entire logistics market of Africa.

The market research firms (Ken Research), Nigeria envisages that the operative growth in the prerequisite for Nigeria's native food and agricultural products in the province has encouraged the prerequisite for cold logistics and warehousing services. The Sea freight is the most the superseding technique of transportation followed by road and air freight. Over the several past years, Europe has exchanged Asia as the primary a trading partner of Nigeria due to the ECOWAS Economic Partnership Agreement with the EU. 

Although, the Nigeria Warehousing market was evaluated to enlarge vigorously throughout the evaluation duration. The growth was majorly owing to the effective intensification in international trade volumes, market entry of international players, snowballing e-commerce market, and building fresh manufacturing units and industries in Nigeria in order to generate the region self-reliant. Based on the market research firm such as Ken Research, the Nigerian freight forwarding market establishes some small and medium corporates. Owing to the infrastructural encounters, big market players choose to outsource the services to local transporters and purpose on their core proficiencies. Therefore, it is anticipated that in the forthcoming years the market research firm in Nigeria will increase around the globe over the coming years.

Contact Us: –

Ken Research

Ankur Gupta, Head Marketing & Communications

Ankur@kenresearch.com

+91-9015378249

Best B2B Service Providers in Nigeria | Ken Research

During the present era, the Research Market Nigeria is at an augmenting stage. Whereas, with the utmost growth in the quantity of a second hand and fresh passenger and commercial vehicles in the economy, the Lubricants Market has positively augmented over the present past years. Not only has this, but the Nigeria Baby Food Industry in the region is also majorly influenced by the effective growth in the disposable income of the people, significant growth in the awareness among the parents to give healthier food to the babies, enormous augment in the internet retailing among the several other aspects. The market is probable to demonstrate positive growth and pursue to advance in the coming years.

While logistics is vigorous for the economic enactment of any economy.  Nigeria has deprived infrastructure and logistical issues along with overdue custom measures and congestion on the roads. It is an import-based region and the economy is reliant on the export of crude oil.  Nigeria was graded 145 out of 190 economies in 2018 in affluence of doing business Index and ranks 112 in the Logistics Performance Index (2018). The growth in Research Market in Nigeria has been owing to the Infrastructural developments in Railways and Airways, advancement in foreign ties with other regions and the positive growth in the e-commerce sector.

In addition, the thriving of e-commerce and the enabling of e-payment systems such as Paystack, PIN-based debit cards in Nigeria have augmented the requirement of the couriers and parcel market in the region. The positive growth in the prominence of online shopping will also underwrite towards long term growth for EDS (Express Delivery Segment) during the future. The efficient growth of the e-commerce business has led to a conjunction of B2B and B2C traffic, with parcel logistics, the merchant’s progressive assumption both to serve clients’ Omnichannel supply chains.

The infrastructural advancement, positive growth in the e-commerce segment and augmenting the special export promoting zones will influence the requirement of the logistics segment across Nigeria.

Although, Nigeria Warehousing market was appraised to augment robustly throughout the review duration. The growth was majorly due to the effective increase in international trade volumes, market entry of international players, increasing e-commerce market and building new manufacturing units and industries in Nigeria in order to create the region self-reliant. Unremitting efforts have been taken by the government along with the Chinese government for emerging free trade zone locations and industrial parks in the economy. Foremost investment by foreign corporates has influenced the entire warehousing market in the country.

Moreover, the requirement for the warehousing across Nigeria will be influenced by the effective growth in the manufacturing industries, augmenting the special export promoting zones and infrastructural advancements.

The international players working in the country had a primary share in the market share in terms of the sales volume as equal to the independent marketers. However, the Lubricants Market Future Outlook is promising owing to the crude oil prices expand, Nigeria’s region is estimated to increase at a sophisticated rate and therefore the purchasing power of the individual is also projected to augment during the near years.

Contact Us:-

Ken Research

Ankur Gupta, Head Marketing & Communications

Ankur@kenresearch.com

+91-9015378249

Positive Growth in The Vision Of Research Firms In Nigeria Market Outlook: Ken Research

In the recent era, the research market in Nigeria is at an augmenting stage. Whereas, with the foremost growth in the amount of second hand and fresh passenger and commercial vehicles in the economy, the market of Lubricants has augmented over the present past years. In addition, Logistics is playing a critical role in the economic performance of any region. For instance, Nigeria has deprived infrastructure and logistical issues along with the delayed custom processes and overcrowding on the roads. It is an import-based region and the country is based on the export of crude oil. The Market Research Firms in Nigeria states that the growth in the Nigerian logistics market has been owing to the infrastructural advancements in the Railways and Airways, advancement in the foreign ties with the other regions and the growing e-commerce segment.

The food and beverages, industrial and retails segments in the region played a proficient role in the growth of the freight forwarding market in Nigeria. Not only has this, the market research firms in Nigeria predict that the effective growth in the requirement for Nigeria's local food and agricultural products in the region has promoted the requirement for cold logistics and warehousing services. Sea freight is the most overriding method of transportation followed by road and air freight. Over the many past years, Europe has substituted Asia as the foremost trading partner of Nigeria owing to the ECOWAS Economic Partnership Agreement with the EU.

Although, the market research firms in Nigeria states that the Nigerian warehousing market was evaluated to increase robustly throughout the forecast duration. The growth was mainstream owing to the foremost augment in the international trade volumes, market entry of the international players, accumulative e-commerce market and building fresh producing units and industries in Nigeria in order to make the region self-reliant. The food and beverage industry has been effectively registering the end-user sector owing to the effective growth in the trade of food products with the Asian and European regions and increasing the middle-class populace in the region.

Furthermore, the emergence of the supermarkets and several other stores are even underwriting the increasing retail market in the region. The Nigeria government and private corporates are underwriters for the growth in the requirement of cold storages for agricultural and pharmaceutical drugs and medicines.

In Nigeria, the third-party logistics has been flourishing in the Nigeria Freight Forwarding Market. The Nigerian freight forwarding market constitutes several small and medium corporates. Owing to the infrastructural challenges, big market players choose to outsource services to local transporters and aim at their core competencies. The corporates do not wish to engage their own logistics arm since it comprises capital investment and a lot of hassle.

In addition, the Domestic corporates dominate in road freight forwarding market with almost all local and provincial transporters/truckers. The industry is at a growth stage in terms of considerations such as technology, effectiveness and service portfolio but not pricing as the logistic cost is too great leading to contraction of the manufacturing segment in the GDP.

Whereas, the market research firms in Nigeria states that the market is predicted to increase at a positive double-digit CAGR and the foremost growth drivers would involve a growing requirement for the products through the online buy which has increased the e-commerce market. The effective augment in the international trade capacities and domestic production are predicted to augment the requirement of the freight forwarding services. Therefore, it is predicted that the market firms will increase more effectively in Nigeria across the globe throughout the short span of time more progressively.

Contact Us:-

Ken Research

Ankur Gupta, Head Marketing & Communications

Ankur@kenresearch.com

+91-9015378249

Best B2B Service Providers in Nigeria: Ken Research

Nigeria has been home to a numeral of the ancient and indigenous kingdoms and states over the millennia. Nigeria is often referred to as the “Giant of Africa” due to its great populace and economy. Nigeria has the third-largest youth populace across the globe, after China and India, with more than 90 million of its populace under age 18. Not only has this, but Nigeria is also the 12^th the wildest manufacturer of petroleum across the globe and the 8^th largest exporter, and has the 10^th greatest proven reserves.

According to the market research company in Nigeria, logistics is vigorous for the economic performance of any region. Nigeria has poor infrastructure and logistical issues along with the overdue convention processed and congestion on the roads. It is an import-based region and the region is dependent on the export of crude oil. Moreover, Nigeria was ranked 145 out of 190 regions during the recent past years in ease of doing business Index and ranks 112 in the Logistics Performance Index during the recent past. The growth in the Nigeria logistics market has been owing to the Infrastructural improvements in the Railways and Airways, development in foreign ties with several other regions and the effective increase in the e-commerce segment.

Nonetheless, the government of Nigeria and the private corporates are the underwriters for augmenting the requirement of the cold storages for the agricultural and pharmaceuticals drugs and medicines. The Lagos has been the commercial hub of the region and the most prime area in the terms of trade and logistics owing to the proximity to the foremost seaports, airports and the industrial parks in the region. On the basis of Market Research Firms in Nigeria, the market is stringently regulated by NAFDAC owing to the poor warehousing standards and the increasing trafficked goods in the market. The growing automation technology along with the more developed inventory management systems is predicted to support the positive growth of the warehousing sector.

By the courier, parcel and express logistics market, the boost of the e-commerce and easing of e-payment systems such as PIN-based debit cards, Paystack in Nigeria have augmented the requirement of the couriers and parcel market in the region. The effective increase in the prominence of the online shopping will also underwrite towards a long term growth for the Express Delivery Segment in the coming years. Furthermore, the growth of the e-commerce business has led to a junction of B2B and B2C traffic, with the parcel logistics delivers progressively embracing both to the service consumers’ Omnichannel supply chains.

Nonetheless, based on the Market Research Company in Nigeria, the Nigeria Warehousing market was evaluated to increase speedily during the review duration. The growth was majorly owing to the growth in the international trade volumes, market entry of the international companies, increasing the e-commerce market and building new manufacturing units and industries in Nigeria in order to create the region self-reliant. Not only has this, but the sustained efforts have also been taken by the government along with the Chinese legal authorities for improving the free trade zones locations and industrial parks in the region. Foremost investment by the foreign corporates has fueled the overall warehousing market in the region. Therefore, it is anticipated that in the coming years, the markets across Nigeria will increase more positively over the coming years.

Contact Us:-

Ken Research

Ankur Gupta, Head Marketing & Communications

Ankur@kenresearch.com

+91-9015378249

Best B2B Service Providers in Nigeria | Market Research Company in Nigeria: Ken Research

The baby food market in Nigeria is presently at an increasing stage. For instance, during the recent past decades, there was a slight decline owing to the recession in the region and the policies accepted by the government to promote breastfeeding, notwithstanding this market presented an overall positive trend during the review period. According to the Market Research industry Nigeria states that baby food industry in the country is fostered by the growing disposable income of the individual, growing awareness among the parents to give the healthier food to the babies, increase in the internet retailing among the several other aspects. The market is predicted to present an effective positive growth and pursue to improve in the coming future.

Furthermore, dependent on the Market Research Firms in Nigeria, the market of Nigeria Baby food is sectored into different sectors such as food category, region, and distribution channel. Whereas, the baby food market is registered by the dried baby food sector as it is more appropriate for the hectic mothers, who need to safeguard the daily intake of the nutrients of the baby is met frequently. This is followed by the Milk Formula baby food market, which actions as a substitute for mother’s milk especially for the mothers who cannot breastfeed their child due to the specific cause. Prepared baby food is the succeeding widespread sector in this market owing to the time embarrassed lifestyle of the millennial parents in the country.

Not only has this, the prepared baby foods are obtainable in the miscellaneous flavors and come in the groundbreaking packaging. The other baby food sector obtain the minimum market share in the region as it contains the food namely rusks, biscuits, and several other snacks such as items which are not much desired by the maternities for their infants for regular feeding.

In the Nigeria region, the South West section detentions the foremost market of the baby food largely owing to the Lagos being the central hub of the region. The consciousness-related such products in the Northern region is less as equated to the South in Nigeria. This is owing to the poverty and shortage of employment among the womenfolk in the Northern region. The market size is a contingent from region to region, based on the aspects namely personal disposable income, literacy rate, product availability and several others.

Based on the future outlook, the baby food market has an auspicious future in Nigeria region with a sophisticated implementation rate monitored during the review period. The foremost reasons for its growth would be, effective increase in the disposable income, growing consciousness among the parents to deliver the nutrition to the infant, and augmenting purchasing through the online portals. The increasing number of literate and salaried mothers will positively impact the requirement of baby food products in the country.