Revenue in the Confectionery & Snacks market for different segments Nigeria 2019-2029

Over the last two observations, the revenue is forecast to significantly increase in all segments. As part of the positive trend, the revenue achieve the maximum value across all two different segments by the end of the comparison period. Notably, the segment Confectionery stands out with the highest value of 6.57 billion U.S. dollars.

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Revenue in the Confectionery & Snacks market for different segments Nigeria from 2019 to 2029 (in billion U.S. dollars)

Characteristic	Confectionery	Snack Food
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Supplementary notes

Data provided by Statista Market Insights are estimates.

Definition:

The Confectionery & Snacks market includes both confectionery and snacks subsegments. Confectionery is defined as foods with a relatively high sugar content, such as chocolate and chocolate products, sugar confectionery such as chewing gum, sweets, ice cream, preserved pastry goods and cakes. Snack Foods are typically eaten in between meals or as a quick bite.

Structure:

The market consists of two different submarkets:

The Confectionery market covers foods with a relatively high sugar content. This market is divided into four subsegments: chocolate confectionery, ice cream, preserved pastry goods and cakes and sugar confectionery.
The Snack Food market covers sweet, savory, and salty snacks. This market is divided into three submarkets: cookies and crackers, potato chips, tortilla chips, flips, and pretzels.

Additional Information:

The market comprises revenue and average revenue per capita, volume and average volume per capita, price per unit (unit refers to kilogram), sales channels. The market encompasses retail sales through both online and offline sales channels to private end customers (B2C). The market only covers at-home consumption, out-of-home consumption is not included.

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