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The energy drink market in Uganda is projected to achieve a compound annual growth rate of over 8.3% during the forecast period of 2022-2027, resulting in an incremental revenue of 22.7 million US dollars.
The Nigeria bottled water market is projected to experience significant growth, with an estimated revenue of USD 12.5 billion in 2020 and an expected increase to USD 34.3 billion by 2027, representing a CAGR of 14.0% throughout the forecast period. This growth can be attributed to Nigeria’s hot and humid climate, coupled with its large population, which has made bottled water a popular choice among consumers.