Nigeria Snacks Market 2025$675.0
The Nigeria snacks market is projected to expand from USD 1,659.5 million in 2024 to USD 2,618.8 million by 2030, achieving a CAGR of 7.9% during the period from 2025 to 2030. A population exceeding 200 million and a fast-growing urban class are creating expansive demand for convenience foods in Nigeria. Snacking has become a habitual part of daily life, especially among working professionals and students in metropolitan hubs such as Lagos and Abuja. Portable, single-serve snacks that require no preparation are gaining favor as time-saving meal substitutes. This dynamic has resulted in increasing competition among brands to innovate around packaging, shelf stability, and flavor customization.
Rising health awareness among urban Nigerians is propelling the emergence of more nutritious snacking options. Producers are reformulating existing products to reduce sugar and fat while enriching with local superfoods such as moringa and plantain. Fortified snacks aimed at children and women are gaining traction, aligning with public health campaigns and NGO-led nutritional initiatives. These trends are gradually shifting perceptions of snacks from indulgence to functional sustenance.
This report provides a comprehensive analysis of the Nigeria snacks market, combining historical data from 2020 to 2024 with forward-looking projections through 2030. It examines market size, growth rates, and key trends, offering a detailed perspective on the industry’s evolution. The analysis is structured across critical dimensions, including product type and distribution channel, enabling stakeholders to identify opportunities and make informed strategic decisions.
Market Segmentation
The segmentation of the Nigeria snacks market is outlined below:
Product type: confectionery (chocolate confectionery, gum, sugar confectionery), ice cream and frozen dessert (frozen yoghurt, impulse ice creams, take-home ice creams), savory snacks (nuts and seeds, popcorn, potato chips, puffed snacks, savoury biscuits and crackers, others), fruit snacks, sweet biscuits (chocolate biscuits, cookies, plain biscuits, stuffed biscuits, wafers)
Distribution channel: convenience stores, food specialty stores, forecourts, health stores, hypermarkets, small grocery stores, supermarkets, others
The snacks market in Nigeria is segmented based on product type and distribution channel. By product type, it includes confectionery (chocolate confectionery, gum, sugar confectionery), ice cream and frozen dessert (frozen yoghurt, impulse ice creams, take-home ice creams), savory snacks (nuts and seeds, popcorn, potato chips, puffed snacks, savoury biscuits and crackers, others), fruit snacks, and sweet biscuits (chocolate biscuits, cookies, plain biscuits, stuffed biscuits, wafers). Distribution channel segmentation comprises convenience stores, food specialty stores, forecourts, health stores, hypermarkets, small grocery stores, supermarkets, and others.
Competitive Landscape
Prominent players in the snacks market include Beloxxi Industries Ltd., Britannia Industries Ltd., Chocoladefabriken Lindt & Sprungli AG, Danone S.A., Deli Foods Nigeria Ltd., Fastizers Food & Confectionery Ltd., Ferrero International S.A., Kellanova, Mamuda Foods Nigeria Limited, Mars Incorporated, Mondelez International Inc., Nasco Group (Nigeria) Ltd., Nestle S.A., Newbisco Ltd., Niger Biscuit Co. Ltd., Olam Group Limited, Parle Products Pvt. Ltd., Perfetti Van Melle Group, Pladis Foods Limited, Sona Agro Allied Foods Ltd., SoNa Sp. z o.o., Sumal Foods Ltd., Sweetco Foods Ltd., The Procter & Gamble Company (P&G), Tolaram Group and UAC of Nigeria PLC (UAC).
This report presents an extensive analysis of major entities in the snacks market, focusing on their performance from 2020 to 2024. Findings showcase changes in market share, recognizing both long-standing leaders and new challengers.
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
Market Segmentation
Market Overview
Nigeria Snacks Market – Product Type Analysis
Nigeria Snacks Market – Distribution Channel Analysis
Company Shares Analysis
Beloxxi Industries Ltd.
Britannia Industries Ltd.
Chocoladefabriken Lindt & Sprungli AG
Danone S.A.
Deli Foods Nigeria Ltd.
Fastizers Food & Confectionery Ltd.
Ferrero International S.A.
Kellanova
Mamuda Foods Nigeria Limited
…
Macroeconomic Data and Forecast
Research Methodology
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
Beloxxi Industries Ltd.
Britannia Industries Ltd.
Chocoladefabriken Lindt & Sprungli AG
Danone S.A.
Deli Foods Nigeria Ltd.
Fastizers Food & Confectionery Ltd.
Ferrero International S.A.
Kellanova
Mamuda Foods Nigeria Limited
Mars, Incorporated
Mondelez International Inc.
Nasco Group (Nigeria) Ltd.
Nestle S.A.
Newbisco Ltd.
Niger Biscuit Co., Ltd.
Olam Group Limited
Parle Products Pvt. Ltd.
Perfetti Van Melle Group
Pladis Foods Limited
Sona Agro Allied Foods Ltd.
SoNa Sp. z o.o.
Sumal Foods Ltd.
Sweetco Foods Ltd.
The Procter & Gamble Company (P&G)
Tolaram Group
UAC of Nigeria PLC (UAC)
$675.0
What's Inside?
→ Market Estimates, Forecasts & Historical Data
→ Critical Performance Data and Rankings
→ Emerging Trends, Market Changes
→ PDF Report and Excel Datasheet
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