| Product Code: ETC8619549 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Vasudha | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
Despite the high concentration in the market, Nigeria continues to rely on imports of baked goods and cereals, with top exporters being China, South Africa, UK, Kenya, and India in 2024. The impressive compound annual growth rate (CAGR) of 39.26% from 2020 to 2024 indicates a strong demand for these products. However, the sharp decline in growth rate from 2023 to 2024 at -64.23% suggests potential challenges or shifts in consumer preferences. It will be crucial for market players to adapt to these changes to sustain growth in the Nigerian market.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Nigeria Baked Food and Cereals Market Overview |
3.1 Nigeria Country Macro Economic Indicators |
3.2 Nigeria Baked Food and Cereals Market Revenues & Volume, 2021 & 2031F |
3.3 Nigeria Baked Food and Cereals Market - Industry Life Cycle |
3.4 Nigeria Baked Food and Cereals Market - Porter's Five Forces |
3.5 Nigeria Baked Food and Cereals Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Nigeria Baked Food and Cereals Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 Nigeria Baked Food and Cereals Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing urbanization and changing lifestyles leading to higher demand for convenient and ready-to-eat baked food and cereals. |
4.2.2 Rising health consciousness among consumers driving the demand for healthier baked food and cereals options. |
4.2.3 Growing middle-class population with higher disposable income fueling the consumption of premium baked food and cereals products. |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices impacting the production cost of baked food and cereals. |
4.3.2 Intense competition in the market leading to price wars and margin pressures for manufacturers. |
4.3.3 Challenges in maintaining product quality and freshness due to logistical issues and distribution challenges. |
5 Nigeria Baked Food and Cereals Market Trends |
6 Nigeria Baked Food and Cereals Market, By Types |
6.1 Nigeria Baked Food and Cereals Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Nigeria Baked Food and Cereals Market Revenues & Volume, By Product Type, 2021- 2031F |
6.1.3 Nigeria Baked Food and Cereals Market Revenues & Volume, By Breads, 2021- 2031F |
6.1.4 Nigeria Baked Food and Cereals Market Revenues & Volume, By Breakfast Cereals, 2021- 2031F |
6.1.5 Nigeria Baked Food and Cereals Market Revenues & Volume, By Biscuits and Cookies, 2021- 2031F |
6.1.6 Nigeria Baked Food and Cereals Market Revenues & Volume, By Morning Goods, 2021- 2031F |
6.1.7 Nigeria Baked Food and Cereals Market Revenues & Volume, By Cakes and Pastries, 2021- 2031F |
6.1.8 Nigeria Baked Food and Cereals Market Revenues & Volume, By Other Product Types, 2021- 2031F |
6.2 Nigeria Baked Food and Cereals Market, By Distribution Channel |
6.2.1 Overview and Analysis |
6.2.2 Nigeria Baked Food and Cereals Market Revenues & Volume, By Supermarkets/Hypermarkets, 2021- 2031F |
6.2.3 Nigeria Baked Food and Cereals Market Revenues & Volume, By Specialist Stores, 2021- 2031F |
6.2.4 Nigeria Baked Food and Cereals Market Revenues & Volume, By Convenience Stores, 2021- 2031F |
6.2.5 Nigeria Baked Food and Cereals Market Revenues & Volume, By Online Retail, 2021- 2031F |
6.2.6 Nigeria Baked Food and Cereals Market Revenues & Volume, By Other Distribution Channels, 2021- 2031F |
7 Nigeria Baked Food and Cereals Market Import-Export Trade Statistics |
7.1 Nigeria Baked Food and Cereals Market Export to Major Countries |
7.2 Nigeria Baked Food and Cereals Market Imports from Major Countries |
8 Nigeria Baked Food and Cereals Market Key Performance Indicators |
8.1 Percentage growth in consumer spending on baked food and cereals products. |
8.2 Number of new product launches in the baked food and cereals market. |
8.3 Consumer satisfaction levels with the quality and variety of baked food and cereals available in the market. |
9 Nigeria Baked Food and Cereals Market - Opportunity Assessment |
9.1 Nigeria Baked Food and Cereals Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Nigeria Baked Food and Cereals Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
10 Nigeria Baked Food and Cereals Market - Competitive Landscape |
10.1 Nigeria Baked Food and Cereals Market Revenue Share, By Companies, 2024 |
10.2 Nigeria Baked Food and Cereals Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |