The Nigeria snacks market is set to increase from USD 1,659.5 million in 2024 to USD 2,618.8 million by 2030, reflecting a CAGR of 7.9% over the 2025 to 2030 timeframe. Nigeria’s snacks market is booming, driven by rapid urbanization and a rising middle class with more disposable income. In cities like Lagos and Abuja, busy work schedules and the demand for convenience have led to an increase in the consumption of snacks such as chips, nuts, and biscuits. Furthermore, the growing trend toward health and wellness is influencing Nigerian consumers, with rising demand for healthier snacks that are high in protein, fiber, or made with natural ingredients. The increasing availability of local and international snack brands is also fueling market expansion by offering a diverse range of products.
The report delivers an in-depth analysis of the Nigeria snacks industry, offering extensive market data such as historical market size, growth trajectories, and forward-looking projections. It thoroughly examines key market categories and subcategories, emphasizing critical elements like product type and distribution channel. By offering this detailed analysis, the report assists in uncovering the untapped potential of the snacks market.
Market Segmentation
The following outlines the segmentation of the Nigeria snacks market:
Product type: confectionery, ice cream and frozen dessert, savoury snacks, fruit snacks, sweet biscuits
Distribution channel: convenience stores, supermarkets and hypermarkets, grocery stores, bars and HoReCa, others
The Nigeria market for snacks is divided based on product type and distribution channel. By product type, the market includes confectionery, ice cream and frozen dessert, savoury snacks, fruit snacks, and sweet biscuits. Distribution channel segmentation comprises convenience stores, supermarkets and hypermarkets, grocery stores, bars and HoReCa, and others.
Competitive Landscape
The report highlights leading companies in the snacks market, including Tolaram Group, The Procter & Gamble Company (P&G), Sweetco Foods Ltd., Sumal Foods Ltd., SoNa Sp. z o.o., Pladis Foods Limited, Perfetti Van Melle Group, Parle Products Pvt. Ltd., Olam Group Limited, Niger Biscuit Co. Ltd., Newbisco Ltd., Nestle S.A., Nasco Group (Nigeria) Ltd., Mondelez International Inc., Mars Incorporated, Mamuda Foods Nigeria Limited, Kellanova, Ferrero International S.A., Fastizers Food & Confectionery Ltd., Deli Foods Nigeria Ltd., Danone S.A., Britannia Industries Ltd. and Beloxxi Industries Ltd.
This report delivers an in-depth examination of leading companies in the snacks sector, analyzing their performance from 2020 to 2024. The results indicate changes in market share, emphasizing both established leaders and new entrants.
Why Buy This Report?
Obtain precise statistical data and forecasts for the Nigeria snacks market.
Gain in-depth analysis and forecasts for the key segments of the Nigeria snacks market: product type and distribution channel.
Develop region-specific strategies and set strategic priorities based on localized data analysis.
Gain deep insights into the dynamics of the Nigeria snacks market.
Identify high-potential investment opportunities by targeting growth sectors and emerging trends.
Anticipate the future trajectory of the Nigeria snacks market with informed projections.
Assess the competitive landscape to determine the ideal timing for capitalizing on market opportunities.
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Table of Contents
TABLE OF CONTENTS
Key Findings
Report Scope
Research Methodology
Market Overview
Nigeria Snacks Market – Product Type Analysis
Nigeria Snacks Market – Distribution Channel Analysis
Key Players and Market Share
– Tolaram Group
– The Procter & Gamble Company (P&G)
– Sweetco Foods Ltd.
– Sumal Foods Ltd.
– SoNa Sp. z o.o.
– Pladis Foods Limited
– Perfetti Van Melle Group
– Parle Products Pvt. Ltd.
– Olam Group Limited
…
Macroeconomic Data and Forecast
Disclaimer
FIGURES AND TABLES
Table Nigeria Snacks Market 2020-2030
Chart Nigeria Snacks Market, Net Growth, 2020-2030
Chart Nigeria Snacks Market, Growth Rates, 2020-2030
Table Nigeria Snacks Market by Product Type, 2020-2030
Chart Nigeria Snacks Market by Product Type, CAGR Historic and Forecast, 2020-2030
Chart Nigeria Snacks Market by Product Type, 2020-2030
Table Nigeria Snacks Market by Distribution Channel, 2020-2030
Chart Nigeria Snacks Market by Distribution Channel, CAGR Historic and Forecast, 2020-2030
Chart Nigeria Snacks Market by Distribution Channel, 2020-2030
Table Nigeria Snacks Market Share (%), by Companies, 2020-2024
Chart Nigeria Snacks Market, by Companies, 2024
Table Nigeria Snacks Market Share (%), by Brands, 2020-2024
Chart Nigeria Snacks Market, by Brands, 2024
Table Nigeria – Population (Millions) and Forecast
Table Nigeria – Consumer Price Index (CPI) and Forecast
Table Nigeria – Gross Domestic Product and Forecast
Table Nigeria Snacks Market: Spend as a Proportion of GDP (%)
Table Nigeria Snacks Market: Consumption per Capita (Population)
Companies Mentioned
Tolaram Group
The Procter & Gamble Company (P&G)
Sweetco Foods Ltd.
Sumal Foods Ltd.
SoNa Sp. z o.o.
Pladis Foods Limited
Perfetti Van Melle Group
Parle Products Pvt. Ltd.
Olam Group Limited
Niger Biscuit Co., Ltd.
Newbisco Ltd.
Nestle S.A.
Nasco Group (Nigeria) Ltd.
Mondelez International Inc.
Mars, Incorporated
Mamuda Foods Nigeria Limited
Kellanova
Ferrero International S.A.
Fastizers Food & Confectionery Ltd.
Deli Foods Nigeria Ltd.
Danone S.A.
Britannia Industries Ltd.
Beloxxi Industries Ltd.