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Analyzing the impact of the lockdown on the Nigerian beverage industry.

4 minutes read

Analyzing the impact of the lockdown on the Nigerian beverage industry.

Due to the impact of the COVID-19 pandemic, the functional beverages market was projected to experience a decrease of 2.5% from $128.66 billion in 2019 to $125.39 billion in 2020. Notwithstanding, analysts have predicted a growth rate of 8.07% in 2021 which will be primarily driven by an increase in the demand for immunity-boosting beverages as fortification against the pandemic.

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