Confectionery & Snacks - Niger

Niger

Highlights

Revenue in the Confectionery & Snacks market amounts to US$647.70m in 2024. The market is expected to grow annually by 5.89% (CAGR 2024-2029).
In global comparison, most revenue is generated United States (US$135bn in 2024).
In relation to total population figures, per person revenues of US$22.94 are generated in 2024.
In the Confectionery & Snacks market, volume is expected to amount to 161.80m kg by 2029. The Confectionery & Snacks market is expected to show a volume growth of 4.0% in 2025.0.
The average volume per person in the Confectionery & Snacks market is expected to amount to 4.8kg in 2024.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Confectionery & Snacks market in Niger is experiencing slow growth due to various factors such as low disposable income, changing consumer preferences, and competition from traditional snacks. However, the increasing urbanization and rising health consciousness among consumers could drive growth in the future. Additionally, the convenience offered by online retail channels and the introduction of healthier snack options could also contribute to market growth. Overall, the market is expected to see minimal growth in the coming years.

Customer preferences: There has been a noticeable increase in demand for healthier and more nutritious snack options in Niger, as consumers become more health-conscious. This trend is also reflected in the Confectionery & Snacks Market within The Food market, with a growing number of consumers seeking out products that offer functional benefits and clean label ingredients. This shift towards healthier snacking options is driven by a desire for better overall wellness and a focus on preventive health measures. Additionally, there has been a rise in demand for locally sourced and ethically produced snacks, as consumers prioritize supporting local businesses and sustainable practices.

Trends in the market: In Niger, the Confectionery & Snacks Market within The Food market market is experiencing a surge in demand for healthier and more sustainable snacks, driven by increasing health awareness among consumers. This trend is expected to continue as consumers prioritize nutritious and environmentally-friendly food options. Additionally, there is a growing trend of online snack purchases, with e-commerce platforms offering a wide range of options for consumers. This shift towards healthier and more convenient snacking options is likely to have a significant impact on industry players, as they adapt to changing consumer preferences and invest in innovative snack products and distribution channels.

Local special circumstances: In Niger, the Confectionery & Snacks Market within The Food market is heavily influenced by the country's predominantly Muslim population, as many snacks and confectionery products must adhere to Islamic dietary laws. Additionally, the country's location in the Sahel region means that certain products may not be readily available due to limited agricultural resources. Furthermore, Niger's challenging economic conditions and low purchasing power also play a significant role in shaping the market's dynamics.

Underlying macroeconomic factors: The Confectionery & Snacks Market in Niger is heavily influenced by macroeconomic factors, including the overall economic health of the country and global economic trends. With a growing population and increasing disposable income, Niger is seeing a rise in demand for convenient and indulgent snacks. However, fiscal policies and trade regulations can also impact the market, as they can affect the availability and cost of ingredients used in confectionery and snack production. Additionally, the country's infrastructure and transportation systems can impact the distribution and accessibility of these products, ultimately influencing market performance.

Data coverage:

The data encompasses B2C enterprises. Figures are based on the total consumer spending on food, which comprises all private household spending on food that is meant for at-home consumption (out-of-home consumption is not accounted for).

Modeling approach:

Market sizes are determined through a top-down approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use resources from the Statista platform as well as in-house market research, national statistical offices, international institutions, trade associations, companies, the trade press, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending, and consumer price index. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the exponential trend smoothing is well suited for forecasting the Food market with a projected steady growth. The main drivers are GDP per capita and consumer spending per capita.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year.