| Product Code: ETC10846749 | Publication Date: Apr 2025 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Bhawna Singh | No. of Pages: 65 | No. of Figures: 34 | No. of Tables: 19 |
Despite a high concentration of snack bar imports in Nigeria, the market saw a significant decline in growth between 2023 and 2024. The top exporting countries, including China, UK, and South Africa, continue to dominate the market. The negative CAGR from 2020 to 2024 highlights challenges faced by the industry, while the steep decline in growth rate from 2023 to 2024 suggests a potential shift in consumer preferences or market dynamics. Stakeholders should closely monitor these trends to adapt strategies and capitalize on potential opportunities in the Nigerian snack bar 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 Snack Bars Market Overview |
3.1 Nigeria Country Macro Economic Indicators |
3.2 Nigeria Snack Bars Market Revenues & Volume, 2021 & 2031F |
3.3 Nigeria Snack Bars Market - Industry Life Cycle |
3.4 Nigeria Snack Bars Market - Porter's Five Forces |
3.5 Nigeria Snack Bars Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Nigeria Snack Bars Market Revenues & Volume Share, By Ingredient, 2021 & 2031F |
3.7 Nigeria Snack Bars Market Revenues & Volume Share, By Consumer Segment, 2021 & 2031F |
3.8 Nigeria Snack Bars Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 Nigeria Snack Bars Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing health consciousness among Nigerian consumers leading to a shift towards healthier snack options. |
4.2.2 Rising disposable income in Nigeria, allowing consumers to spend more on convenient and on-the-go snack bars. |
4.2.3 Growing urbanization and busy lifestyles driving demand for convenient and portable snack options. |
4.3 Market Restraints |
4.3.1 High competition in the snack bars market leading to pricing pressures and challenges in product differentiation. |
4.3.2 Infrastructure challenges in distribution and logistics impacting the reach of snack bar manufacturers in Nigeria. |
5 Nigeria Snack Bars Market Trends |
6 Nigeria Snack Bars Market, By Types |
6.1 Nigeria Snack Bars Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Nigeria Snack Bars Market Revenues & Volume, By Type, 2021 - 2031F |
6.1.3 Nigeria Snack Bars Market Revenues & Volume, By Cereal Bars, 2021 - 2031F |
6.1.4 Nigeria Snack Bars Market Revenues & Volume, By Protein Bars, 2021 - 2031F |
6.1.5 Nigeria Snack Bars Market Revenues & Volume, By Energy Bars, 2021 - 2031F |
6.2 Nigeria Snack Bars Market, By Ingredient |
6.2.1 Overview and Analysis |
6.2.2 Nigeria Snack Bars Market Revenues & Volume, By Nuts & Seeds, 2021 - 2031F |
6.2.3 Nigeria Snack Bars Market Revenues & Volume, By Whey & Plant Proteins, 2021 - 2031F |
6.2.4 Nigeria Snack Bars Market Revenues & Volume, By Natural Sweeteners, 2021 - 2031F |
6.3 Nigeria Snack Bars Market, By Consumer Segment |
6.3.1 Overview and Analysis |
6.3.2 Nigeria Snack Bars Market Revenues & Volume, By Health-Conscious Consumers, 2021 - 2031F |
6.3.3 Nigeria Snack Bars Market Revenues & Volume, By Fitness Enthusiasts, 2021 - 2031F |
6.3.4 Nigeria Snack Bars Market Revenues & Volume, By General Consumers, 2021 - 2031F |
6.4 Nigeria Snack Bars Market, By Distribution Channel |
6.4.1 Overview and Analysis |
6.4.2 Nigeria Snack Bars Market Revenues & Volume, By Supers, 2021 - 2031F |
6.4.3 Nigeria Snack Bars Market Revenues & Volume, By Convenience Stores, 2021 - 2031F |
6.4.4 Nigeria Snack Bars Market Revenues & Volume, By Online Retail, 2021 - 2031F |
7 Nigeria Snack Bars Market Import-Export Trade Statistics |
7.1 Nigeria Snack Bars Market Export to Major Countries |
7.2 Nigeria Snack Bars Market Imports from Major Countries |
8 Nigeria Snack Bars Market Key Performance Indicators |
8.1 Number of new product launches in the snack bars segment. |
8.2 Consumer awareness and perception of snack bars as a healthy snack option. |
8.3 Growth in online sales and e-commerce presence for snack bar brands in Nigeria. |
9 Nigeria Snack Bars Market - Opportunity Assessment |
9.1 Nigeria Snack Bars Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Nigeria Snack Bars Market Opportunity Assessment, By Ingredient, 2021 & 2031F |
9.3 Nigeria Snack Bars Market Opportunity Assessment, By Consumer Segment, 2021 & 2031F |
9.4 Nigeria Snack Bars Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
10 Nigeria Snack Bars Market - Competitive Landscape |
10.1 Nigeria Snack Bars Market Revenue Share, By Companies, 2024 |
10.2 Nigeria Snack Bars Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |