| Product Code: ETC8636239 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Summon Dutta | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
Despite a decline in import shipments of strips and chips to Nigeria with a negative CAGR of -21.86% from 2020 to 2024, top exporting countries such as China, UK, South Africa, Metropolitan France, and USA maintained their strong presence. The High Herfindahl-Hirschman Index (HHI) indicates a highly concentrated market in 2024. A significant drop in the growth rate of -80.21% from 2023 to 2024 suggests a challenging year for the industry, possibly impacted by various external factors.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Nigeria Strips and Chips Market Overview |
3.1 Nigeria Country Macro Economic Indicators |
3.2 Nigeria Strips and Chips Market Revenues & Volume, 2021 & 2031F |
3.3 Nigeria Strips and Chips Market - Industry Life Cycle |
3.4 Nigeria Strips and Chips Market - Porter's Five Forces |
3.5 Nigeria Strips and Chips Market Revenues & Volume Share, By Source Type, 2021 & 2031F |
3.6 Nigeria Strips and Chips Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 Nigeria Strips and Chips Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing urbanization and busy lifestyles leading to higher demand for convenient snack options like strips and chips |
4.2.2 Growing popularity of snacking culture and western influence on consumer preferences |
4.2.3 Rising disposable income and changing dietary habits favoring the consumption of snack products |
4.3 Market Restraints |
4.3.1 Health concerns related to high levels of salt, fat, and artificial additives in strips and chips |
4.3.2 Intense competition among existing market players leading to price wars and margin pressure |
4.3.3 Fluctuating raw material prices impacting production costs and profitability |
5 Nigeria Strips and Chips Market Trends |
6 Nigeria Strips and Chips Market, By Types |
6.1 Nigeria Strips and Chips Market, By Source Type |
6.1.1 Overview and Analysis |
6.1.2 Nigeria Strips and Chips Market Revenues & Volume, By Source Type, 2021- 2031F |
6.1.3 Nigeria Strips and Chips Market Revenues & Volume, By Brown, 2021- 2031F |
6.1.4 Nigeria Strips and Chips Market Revenues & Volume, By Red, 2021- 2031F |
6.1.5 Nigeria Strips and Chips Market Revenues & Volume, By Green, 2021- 2031F |
6.2 Nigeria Strips and Chips Market, By Distribution Channel |
6.2.1 Overview and Analysis |
6.2.2 Nigeria Strips and Chips Market Revenues & Volume, By Convenience Stores, 2021- 2031F |
6.2.3 Nigeria Strips and Chips Market Revenues & Volume, By Specialty Stores, 2021- 2031F |
6.2.4 Nigeria Strips and Chips Market Revenues & Volume, By Online, 2021- 2031F |
6.2.5 Nigeria Strips and Chips Market Revenues & Volume, By Supermarket and Hypermarket, 2021- 2031F |
7 Nigeria Strips and Chips Market Import-Export Trade Statistics |
7.1 Nigeria Strips and Chips Market Export to Major Countries |
7.2 Nigeria Strips and Chips Market Imports from Major Countries |
8 Nigeria Strips and Chips Market Key Performance Indicators |
8.1 Consumer engagement metrics such as social media interactions, website visits, and online reviews |
8.2 Market penetration rate in different regions or cities within Nigeria |
8.3 Product innovation rate measured by the number of new flavors or variants introduced |
8.4 Brand loyalty and customer retention rates through repeat purchases and loyalty program participation |
9 Nigeria Strips and Chips Market - Opportunity Assessment |
9.1 Nigeria Strips and Chips Market Opportunity Assessment, By Source Type, 2021 & 2031F |
9.2 Nigeria Strips and Chips Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
10 Nigeria Strips and Chips Market - Competitive Landscape |
10.1 Nigeria Strips and Chips Market Revenue Share, By Companies, 2024 |
10.2 Nigeria Strips and Chips Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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