| Product Code: ETC10847517 | 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 with the HHI remaining elevated in 2024, Nigeria`s import shipments of snacks food show a significant decline in growth rates. The top exporting countries to Nigeria are diverse, with China, UK, South Africa, Metropolitan France, and the USA leading the way. The negative CAGR from 2020-24 and a drastic growth rate decrease from 2023-24 suggest a challenging market environment for snack food imports in Nigeria. This trend may indicate shifting consumer preferences, economic challenges, or other factors impacting the snacking food industry in the region.

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 Snacks Food Market Overview |
3.1 Nigeria Country Macro Economic Indicators |
3.2 Nigeria Snacks Food Market Revenues & Volume, 2021 & 2031F |
3.3 Nigeria Snacks Food Market - Industry Life Cycle |
3.4 Nigeria Snacks Food Market - Porter's Five Forces |
3.5 Nigeria Snacks Food Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Nigeria Snacks Food Market Revenues & Volume Share, By Ingredients, 2021 & 2031F |
3.7 Nigeria Snacks Food Market Revenues & Volume Share, By Packaging, 2021 & 2031F |
3.8 Nigeria Snacks Food Market Revenues & Volume Share, By Consumer Preference, 2021 & 2031F |
4 Nigeria Snacks Food Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing urbanization leading to a growing demand for convenient and on-the-go snack options. |
4.2.2 Rising disposable incomes contributing to higher purchasing power for snack foods. |
4.2.3 Changing consumer preferences towards healthier snack options driving innovation in product offerings. |
4.2.4 Expansion of retail channels such as supermarkets and convenience stores increasing accessibility to snack foods. |
4.2.5 Growing young population with busy lifestyles seeking quick and convenient snacking solutions. |
4.3 Market Restraints |
4.3.1 Price sensitivity among consumers affecting purchasing decisions for premium snack products. |
4.3.2 Health concerns related to ingredients and nutritional value impacting consumer choices. |
4.3.3 Competition from traditional homemade snacks and informal food vendors affecting market penetration. |
4.3.4 Infrastructure challenges leading to distribution and supply chain issues for snack food companies. |
4.3.5 Fluctuating raw material prices affecting production costs and pricing strategies. |
5 Nigeria Snacks Food Market Trends |
6 Nigeria Snacks Food Market, By Types |
6.1 Nigeria Snacks Food Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Nigeria Snacks Food Market Revenues & Volume, By Type, 2021 - 2031F |
6.1.3 Nigeria Snacks Food Market Revenues & Volume, By Savory Snacks, 2021 - 2031F |
6.1.4 Nigeria Snacks Food Market Revenues & Volume, By Sweet Snacks, 2021 - 2031F |
6.1.5 Nigeria Snacks Food Market Revenues & Volume, By Functional Snacks, 2021 - 2031F |
6.2 Nigeria Snacks Food Market, By Ingredients |
6.2.1 Overview and Analysis |
6.2.2 Nigeria Snacks Food Market Revenues & Volume, By Whole Grains, 2021 - 2031F |
6.2.3 Nigeria Snacks Food Market Revenues & Volume, By Natural Sugars, 2021 - 2031F |
6.2.4 Nigeria Snacks Food Market Revenues & Volume, By Protein & Fiber, 2021 - 2031F |
6.3 Nigeria Snacks Food Market, By Packaging |
6.3.1 Overview and Analysis |
6.3.2 Nigeria Snacks Food Market Revenues & Volume, By Pouches, 2021 - 2031F |
6.3.3 Nigeria Snacks Food Market Revenues & Volume, By Wrappers, 2021 - 2031F |
6.3.4 Nigeria Snacks Food Market Revenues & Volume, By Boxed, 2021 - 2031F |
6.4 Nigeria Snacks Food Market, By Consumer Preference |
6.4.1 Overview and Analysis |
6.4.2 Nigeria Snacks Food Market Revenues & Volume, By Health-Conscious Consumers, 2021 - 2031F |
6.4.3 Nigeria Snacks Food Market Revenues & Volume, By Indulgent Consumers, 2021 - 2031F |
6.4.4 Nigeria Snacks Food Market Revenues & Volume, By Fitness Enthusiasts, 2021 - 2031F |
7 Nigeria Snacks Food Market Import-Export Trade Statistics |
7.1 Nigeria Snacks Food Market Export to Major Countries |
7.2 Nigeria Snacks Food Market Imports from Major Countries |
8 Nigeria Snacks Food Market Key Performance Indicators |
8.1 Average sales growth rate per quarter for snack food companies in Nigeria. |
8.2 Percentage of market share held by healthier snack options compared to traditional snacks. |
8.3 Customer satisfaction index for snack food products based on taste, quality, and packaging. |
8.4 Percentage increase in distribution network coverage for snack food brands across Nigeria. |
8.5 Number of new product launches and innovations in the snack food market in Nigeria. |
9 Nigeria Snacks Food Market - Opportunity Assessment |
9.1 Nigeria Snacks Food Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Nigeria Snacks Food Market Opportunity Assessment, By Ingredients, 2021 & 2031F |
9.3 Nigeria Snacks Food Market Opportunity Assessment, By Packaging, 2021 & 2031F |
9.4 Nigeria Snacks Food Market Opportunity Assessment, By Consumer Preference, 2021 & 2031F |
10 Nigeria Snacks Food Market - Competitive Landscape |
10.1 Nigeria Snacks Food Market Revenue Share, By Companies, 2024 |
10.2 Nigeria Snacks Food Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |