The adoption of less restrictive COVID-19 measures in 2021 allowed street stalls and hawkers to resume their activities. While the economic shock of lockdown measures led many consumers to be more conservative in their discretionary spending, demand for street stalls/kiosks’ services was also supported, to some extent, by the challenging economic scenario, as this channel attracts price-sensitive households with its low-priced offerings.
Food Concept continues to aggressively expand the number of its PieXpress outlets by leveraging equity in existing brands like Chicken Republic. The company also benefited from increased demand for on-the-go products as COVID-19 related restrictions were eased, as well as the relatively low capital required to establish such franchises.
Street stalls/kiosks will remain one of the most popular channels for eating out in Nigeria, with numerous outlets present in both urban and rural areas serving mainly traditional snacks. These traditional street/stalls kiosks outlets are known locally as buka.
Despite the disruption resulting from the COVID-19 crisis, the momentum gained by street stalls/kiosks during the review period has provided room for new franchise models. The expansion of the channel with the revival of more normal economic and social activity will be supported by the low cost of setting up the modern kiosk concept to the formal consumer foodservice sector.
Innovation and technological changes in the consumer foodservice industry, particularly the growing consumer demand for the convenience provided by food delivery services, is set to see a lot of street stalls/kiosk players located in cities expand their partnerships with third party online food delivery companies, as well as offering their online delivery to boost sales growth in the future. FruityLife is amongst those to have already commenced online delivery for consumers.
The forecast period is likely to see some street stalls/kiosks strive to improve their customer service by offering more attractive outlets in an effort to better compete with limited-service restaurants. On the other hand, some restaurant chains are launching their own street stalls/kiosks as they seek new sources of revenue.
Files are delivered directly into your account soon after payment is received and any tax is certification is verified (where applicable).
This report comes in PDF with additional info in Excel included.
Understand the latest market trends and future growth opportunities for the Street Stalls/Kiosks industry in Nigeria with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Street Stalls/Kiosks industry in Nigeria, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
Small, sometimes mobile, foodservice providers characterised by a limited product offering and by low prices. Includes street stalls, street hawkers and foodservice kiosks where food is prepared in some way and served through a hatch or over a display counter to take away. Also includes kiosks and carts located externally or internally eg in shopping malls etc. As a rule, street stalls/kiosks outlets tend to be smaller than 100% home delivery/takeaway outlets, while menus are more limited, often (though certainly not always) with a greater emphasis on snack items, rather than full meals.See All of Our Definitions
This report originates from Passport, our Street Stalls/Kiosks research and analysis database.
If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extraction Free!