Anticipated trends indicate that the Nigeria savory snacks market will achieve incremental growth of USD 99.7 million, translating to a compound annual growth rate (CAGR) of around 8.2% during the forecast period of 2024 to 2029. Nigeria’s savory snacks market is experiencing rapid growth, driven by urbanization and an expanding middle class. As consumer preferences shift towards convenience foods, the demand for packaged snacks like chips, nuts, and extruded snacks is rising. There is also a noticeable shift towards healthier snack alternatives, with Nigerian consumers becoming more health-conscious and opting for baked snacks or those with natural ingredients. Local snacks such as roasted peanuts and plantains continue to be popular, but international brands are also increasing their footprint, offering a wider variety of product options.
The report offers a comprehensive evaluation of the Nigeria savory snacks market, presenting crucial data on historical market size, growth patterns, and future projections. It provides a thorough breakdown of market segments and sub-segments, with a focus on key variables such as product type, packaging material and distribution channel. This comprehensive evaluation aids in identifying the growth potential within the savory snacks industry.
Market Segmentation
The Nigeria savory snacks market is classified into the following segments:
Product type: nuts and seeds, popcorn, potato chips, puffed snacks, savoury biscuits and crackers, others
Packaging material: flexible packaging, paper and board, rigid plastics, others
Distribution channel: convenience stores, forecourt stores, supermarkets and hypermarkets, grocery stores, e-commerce, others
The Nigeria savory snacks market is categorized by product type, packaging material and distribution channel. By product type, it includes nuts and seeds, popcorn, potato chips, puffed snacks, savoury biscuits and crackers, and others. Packaging material segments comprise flexible packaging, paper and board, rigid plastics, and others. Distribution channel segmentation comprises convenience stores, forecourt stores, supermarkets and hypermarkets, grocery stores, e-commerce, and others.
Competitive Landscape
Leading companies in the savory snacks market include Zifort Nigeria Ltd., UAC of Nigeria PLC (UAC), Tolaram Group, Terraco Trading Co. Ltd., Sunlight Resources Ltd., Sumal Foods Ltd., SoNa Sp. z o.o., So Yummy Nigeria Ltd., Pladis Foods Limited, Parle Products Pvt. Ltd., Nkatie Burger Co. Ltd., Newbisco Ltd., Nasco Group (Nigeria) Ltd., Mondelez International Inc., Mamee Double-Decker (M) Sdn Bhd, Magic Time, Kellogg Tolaram Nigeria Ltd., Kellanova, Flour Mills of Nigeria Plc (FMN), Ferrero International S.A., Deli Foods Nigeria Ltd., Beloxxi Industries Ltd. and Balkeem Nigeria Ltd.
This analysis offers a comprehensive overview of the main players in the savory snacks market, evaluating their performance trends from 2019 to 2023. Key findings illustrate shifts in market share, identifying both dominant firms and rising competitors.
Why Buy This Report?
Obtain precise statistical data and forecasts for the Nigeria savory snacks market.
Gain in-depth analysis and forecasts for the key segments of the Nigeria savory snacks market: product type, packaging material 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 savory snacks market.
Identify high-potential investment opportunities by targeting growth sectors and emerging trends.
Anticipate the future trajectory of the Nigeria savory 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 Savory Snacks Market – Product Type Analysis
Nigeria Savory Snacks Market – Packaging Material Analysis
Nigeria Savory Snacks Market – Distribution Channel Analysis
Key Players and Market Share
– Zifort Nigeria Ltd.
– UAC of Nigeria PLC (UAC)
– Tolaram Group
– Terraco Trading Co., Ltd.
– Sunlight Resources Ltd.
– Sumal Foods Ltd.
– SoNa Sp. z o.o.
– So Yummy Nigeria Ltd.
– Pladis Foods Limited
…
Macroeconomic Data and Forecast
Disclaimer
FIGURES AND TABLES
Table Nigeria Savory Snacks Market 2019-2029
Chart Nigeria Savory Snacks Market, Net Growth, 2019-2029
Chart Nigeria Savory Snacks Market, Growth Rates, 2019-2029
Table Nigeria Savory Snacks Market by Product Type, 2019-2029
Chart Nigeria Savory Snacks Market by Product Type, CAGR Historic and Forecast, 2019-2029
Chart Nigeria Savory Snacks Market by Product Type, 2019-2029
Table Nigeria Savory Snacks Market by Packaging Material, 2019-2029
Chart Nigeria Savory Snacks Market by Packaging Material, CAGR Historic and Forecast, 2019-2029
Chart Nigeria Savory Snacks Market by Packaging Material, 2019-2029
Table Nigeria Savory Snacks Market by Distribution Channel, 2019-2029
Chart Nigeria Savory Snacks Market by Distribution Channel, CAGR Historic and Forecast, 2019-2029
Chart Nigeria Savory Snacks Market by Distribution Channel, 2019-2029
Table Nigeria Savory Snacks Market Share (%), by Companies, 2019-2023
Chart Nigeria Savory Snacks Market, by Companies, 2023
Table Nigeria Savory Snacks Market Share (%), by Brands, 2019-2023
Chart Nigeria Savory Snacks Market, by Brands, 2023
Table Nigeria – Population (Millions) and Forecast
Table Nigeria – Consumer Price Index (CPI) and Forecast
Table Nigeria – Gross Domestic Product and Forecast
Table Nigeria Savory Snacks Market: Spend as a Proportion of GDP (%)
Table Nigeria Savory Snacks Market: Consumption per Capita (Population)
Companies Mentioned
Zifort Nigeria Ltd.
UAC of Nigeria PLC (UAC)
Tolaram Group
Terraco Trading Co., Ltd.
Sunlight Resources Ltd.
Sumal Foods Ltd.
SoNa Sp. z o.o.
So Yummy Nigeria Ltd.
Pladis Foods Limited
Parle Products Pvt. Ltd.
Nkatie Burger Co., Ltd.
Newbisco Ltd.
Nasco Group (Nigeria) Ltd.
Mondelez International Inc.
Mamee Double-Decker (M) Sdn Bhd
Magic Time
Kellogg Tolaram Nigeria Ltd.
Kellanova
Flour Mills of Nigeria Plc (FMN)
Ferrero International S.A.
Deli Foods Nigeria Ltd.
Beloxxi Industries Ltd.
Balkeem Nigeria Ltd.