No. 'bazaar' isn't the right word at all. It suggests a lively Arab-style market, and doesn't suggest food. The term 'snack street' doesn't exist in English, but at least it gives us some kind of idea what you mean. We do use the term 'street food', though, to refer not to the place, but to the 'snacks' themselves - ready-made take-away traditional dishes that you can eat 'on the go'.

"Is it correct to say 'snack street'?" (When something is true, there is proof of it in reality.) Not really, unless the official name of the street is "Snack St" and you can find it on a city map. As a description of the place, it sounds funny. A bazaar is simply a market. So yes, I would call the place a bazaar, or maybe a street market.

We don't have streets like this in English speaking countries. If I were trying to describe it to another English person I would have to say "It's a street filled with street-food vendors, hotdog carts, things like that."