In 2024, the per capita volume of distilled alcoholic beverages in Nigeria stands at 0.079 kg, the same as in 2023. The forecast for 2025 maintains this level at 0.079 kg per capita. However, a slight decline starts in 2026, where it drops to 0.078 kg per capita and remains unchanged through 2027. By 2028, the per capita volume further decreases to 0.077 kg.
Year-on-year variations indicate a stable market in the immediate future, while the decline from 2026 onwards suggests modest decreases. The Compound Annual Growth Rate (CAGR) over the five years shows a gradual decline, reflecting an overall reduction in per capita consumption.
Future trends to watch for include shifts in consumer preferences, potential regulatory changes, economic fluctuations, and the impact of health awareness campaigns. Monitoring these factors will provide insights into further possible declines or stabilizations in consumption levels.
