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Sweet Biscuits, Snack Bars and Fruit Snacks in Nigeria

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    Report

  • 25 Pages
  • July 2023
  • Region: Nigeria
  • Euromonitor International
  • ID: 3973277
In 2023, the market for sweet biscuits, snack bars and fruit snacks in Nigeria is witnessing moderate downturn in volume sales, continuing the significant decline that began in 2022. This trend was largely driven by enduring inflationary conditions - a result of the depreciation of the local currency, which has eroded consumer spending power. The state of affairs persists into 2023, albeit with a degree of stabilisation.

The analyst's Sweet Biscuits, Snack Bars and Fruit Snacks in Nigeria report offers in-depth knowledge of the market at a national level, providing local insight and understanding unavailable elsewhere. In addition to the latest retail sales data 2018-2022, it identifies the leading companies, brands and retail outlets, and assesses the key trends and demographic shifts behind consumer demand and sales growth. How key trends such as health and wellness, sustainability and recovery from the pandemic are shaping the market in 2023 directly informs our forecasts to 2027, clearly indicating how the market is expected to change.

Product coverage:
Fruit Snacks, Snack Bars, Sweet Biscuits.

Data coverage:
Market sizes (historic and forecasts), company shares, brand shares and distribution data.

Why buy this report?

  • Get a detailed picture of the Sweet Biscuits, Snack Bars and Fruit Snacks market;
  • Pinpoint growth sectors and identify factors driving change;
  • Understand the competitive environment, the market’s major players and leading brands;
  • Use five-year forecasts to assess how the market is predicted to develop.

Table of Contents

SWEET BISCUITS, SNACK BARS AND FRUIT SNACKS IN NIGERIAKEY DATA FINDINGS
2023 DEVELOPMENTS
  • Volume sales slump thanks to 2023’s relentless inflation
  • Value sales growth driven by unit price increases
  • Rising wheat prices put pressure on margins, stifling innovation
PROSPECTS AND OPPORTUNITIES
  • Economic revival and price stabilisation set to foster growth
  • Rising demand thanks to affordability and variety of sweet biscuits
  • Fruit snacks shows promise as interest in convenient and healthy options increases
CATEGORY DATA
  • Table 1 Sales of Sweet Biscuits, Snack Bars and Fruit Snacks by Category: Volume 2018-2023
  • Table 2 Sales of Sweet Biscuits, Snack Bars and Fruit Snacks by Category: Value 2018-2023
  • Table 3 Sales of Sweet Biscuits, Snack Bars and Fruit Snacks by Category: % Volume Growth 2018-2023
  • Table 4 Sales of Sweet Biscuits, Snack Bars and Fruit Snacks by Category: % Value Growth 2018-2023
  • Table 5 NBO Company Shares of Sweet Biscuits, Snack Bars and Fruit Snacks: % Value 2019-2023
  • Table 6 LBN Brand Shares of Sweet Biscuits, Snack Bars and Fruit Snacks: % Value 2020-2023
  • Table 7 NBO Company Shares of Sweet Biscuits: % Value 2019-2023
  • Table 8 LBN Brand Shares of Sweet Biscuits: % Value 2020-2023
  • Table 9 NBO Company Shares of Fruit Snacks: % Value 2019-2023
  • Table 10 LBN Brand Shares of Fruit Snacks: % Value 2020-2023
  • Table 11 Distribution of Sweet Biscuits, Snack Bars and Fruit Snacks by Format: % Value 2018-2023
  • Table 12 Distribution of Sweet Biscuits by Format: % Value 2018-2023
  • Table 13 Distribution of Fruit Snacks by Format: % Value 2018-2023
  • Table 14 Forecast Sales of Sweet Biscuits, Snack Bars and Fruit Snacks by Category: Volume 2023-2028
  • Table 15 Forecast Sales of Sweet Biscuits, Snack Bars and Fruit Snacks by Category: Value 2023-2028
  • Table 16 Forecast Sales of Sweet Biscuits, Snack Bars and Fruit Snacks by Category: % Volume Growth 2023-2028
  • Table 17 Forecast Sales of Sweet Biscuits, Snack Bars and Fruit Snacks by Category: % Value Growth 2023-2028
SNACKS IN NIGERIA
EXECUTIVE SUMMARY
  • Snacks in 2023: The big picture
  • Key trends in 2023
  • Competitive Landscape
  • Channel developments
  • What next for snacks?
MARKET DATA
  • Table 18 Sales of Snacks by Category: Volume 2018-2023
  • Table 19 Sales of Snacks by Category: Value 2018-2023
  • Table 20 Sales of Snacks by Category: % Volume Growth 2018-2023
  • Table 21 Sales of Snacks by Category: % Value Growth 2018-2023
  • Table 22 NBO Company Shares of Snacks: % Value 2019-2023
  • Table 23 LBN Brand Shares of Snacks: % Value 2020-2023
  • Table 24 Distribution of Snacks by Format: % Value 2018-2023
  • Table 25 Forecast Sales of Snacks by Category: Volume 2023-2028
  • Table 26 Forecast Sales of Snacks by Category: Value 2023-2028
  • Table 27 Forecast Sales of Snacks by Category: % Volume Growth 2023-2028
  • Table 28 Forecast Sales of Snacks by Category: % Value Growth 2023-2028
DISCLAIMER
SOURCES
  • Summary 1 Research