Sweet Biscuits, Snack Bars and Fruit Snacks in Nigeria
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 first quarter of the year was particularly impacted by a cash scarcity...
Euromonitor International'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 <|Year|> 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.
Sweet Biscuits, Snack Bars and Fruit Snacks in Nigeria
Euromonitor International
July 2023
List Of Contents And Tables
SWEET BISCUITS, SNACK BARS AND FRUIT SNACKS IN NIGERIA
KEY 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