Savoury Snacks in Nigeria

July 2023 | 21 pages | ID: S8D00E2188FEN
Euromonitor International Ltd

Abstracts

The savoury snacks market in Nigeria is recording a decline in volume sales in 2023, primarily due to the heightened unit prices that have been sharply escalating since 2022. Inflationary pressures have negatively impacted consumer spending power, thereby limiting the demand for these snacks. Interestingly, many savoury snacks have cheaper unpackaged substitutes available in the market, such as nuts and popcorn. The existence of these economical alternatives significantly diminished the demand f...

Euromonitor International's Savoury 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 <|Year|> directly informs our forecasts to 2027, clearly indicating how the market is expected to change.

Product coverage: Meat Snacks, Nuts, Seeds and Trail Mixes, Other Savoury Snacks, Popcorn, Pretzels, Salty Snacks, Savoury Biscuits, Seafood Snacks.

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

Why buy this report?

• Get a detailed picture of the Savoury 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.

Euromonitor International has over 40 years' experience of publishing market research reports, business reference books and online information systems. With offices in London, Chicago, Singapore, Shanghai, Vilnius, Dubai, Cape Town, Santiago, Sydney, Tokyo and Bangalore and a network of over 800 analysts worldwide, Euromonitor International has a unique capability to develop reliable information resources to help drive informed strategic planning.

Contents

SAVOURY SNACKS IN NIGERIA
KEY DATA FINDINGS
2023 DEVELOPMENTS
Inflationary conditions dent demand for savoury snacks
Imported brands suffer setback amid economic turbulence
Popcorn and other savoury snacks fare better thanks to affordability
PROSPECTS AND OPPORTUNITIES
Demand to be boosted by predicted economic recovery and stable pricing
Traditional snacks in convenient packaging will drive competition
Reduced sugar products to take centre stage
CATEGORY DATA
Summary 1 Other Savoury Snacks by Product Type: 2023
Table 1 Sales of Savoury Snacks by Category: Volume 2018-2023
Table 2 Sales of Savoury Snacks by Category: Value 2018-2023
Table 3 Sales of Savoury Snacks by Category: % Volume Growth 2018-2023
Table 4 Sales of Savoury Snacks by Category: % Value Growth 2018-2023
Table 5 NBO Company Shares of Savoury Snacks: % Value 2019-2023
Table 6 LBN Brand Shares of Savoury Snacks: % Value 2020-2023
Table 7 Distribution of Savoury Snacks by Format: % Value 2018-2023
Table 8 Forecast Sales of Savoury Snacks by Category: Volume 2023-2028
Table 9 Forecast Sales of Savoury Snacks by Category: Value 2023-2028
Table 10 Forecast Sales of Savoury Snacks by Category: % Volume Growth 2023-2028
Table 11 Forecast Sales of Savoury 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 12 Sales of Snacks by Category: Volume 2018-2023
Table 13 Sales of Snacks by Category: Value 2018-2023
Table 14 Sales of Snacks by Category: % Volume Growth 2018-2023
Table 15 Sales of Snacks by Category: % Value Growth 2018-2023
Table 16 NBO Company Shares of Snacks: % Value 2019-2023
Table 17 LBN Brand Shares of Snacks: % Value 2020-2023
Table 18 Distribution of Snacks by Format: % Value 2018-2023
Table 19 Forecast Sales of Snacks by Category: Volume 2023-2028
Table 20 Forecast Sales of Snacks by Category: Value 2023-2028
Table 21 Forecast Sales of Snacks by Category: % Volume Growth 2023-2028
Table 22 Forecast Sales of Snacks by Category: % Value Growth 2023-2028
DISCLAIMER
SOURCES
Summary 2 Research Sources