The forecast for the Wine Market Size Volume Per Capita in Nigeria from 2024 to 2028 indicates a declining trend. The value is projected to decrease from 0.096 kg per capita in 2024 to 0.078 kg per capita in 2028. This represents a year-on-year percentage decrease of approximately -4.2% from 2024 to 2025, -5.4% from 2025 to 2026, -5.7% from 2026 to 2027, and -4.9% from 2027 to 2028. The Compound Annual Growth Rate (CAGR) for this period is -4.7%, indicating an average annual decrease of 4.7%
Future trends to watch for include changing consumer preferences, economic conditions, and potential regulatory changes that may impact wine consumption. Additionally, shifts in lifestyle and disposable income levels could further influence the market dynamics.
