| Product Code: ETC10586013 | Publication Date: Apr 2025 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Bhawna Singh | No. of Pages: 65 | No. of Figures: 34 | No. of Tables: 19 |
In 2024, Nigeria continued to rely on imports of antacids, with major suppliers including India, China, Netherlands, Metropolitan France, and the USA. Despite the high concentration of suppliers indicated by the high Herfindahl-Hirschman Index (HHI), the market experienced a significant decline with a Compound Annual Growth Rate (CAGR) of -26.13% from 2020 to 2024. The negative growth trend persisted in 2024, with a growth rate of -30.33% compared to the previous year. These figures suggest a challenging market environment for antacid importers in Nigeria.

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 Antacids Market Overview |
3.1 Nigeria Country Macro Economic Indicators |
3.2 Nigeria Antacids Market Revenues & Volume, 2021 & 2031F |
3.3 Nigeria Antacids Market - Industry Life Cycle |
3.4 Nigeria Antacids Market - Porter's Five Forces |
3.5 Nigeria Antacids Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Nigeria Antacids Market Revenues & Volume Share, By Form, 2021 & 2031F |
3.7 Nigeria Antacids Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 Nigeria Antacids Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing prevalence of gastrointestinal disorders in Nigeria |
4.2.2 Growing awareness about the importance of digestive health and self-medication |
4.2.3 Rising disposable income leading to increased spending on healthcare products |
4.3 Market Restraints |
4.3.1 Limited access to healthcare services in remote areas of Nigeria |
4.3.2 Competition from alternative remedies and traditional medicine practices |
5 Nigeria Antacids Market Trends |
6 Nigeria Antacids Market, By Types |
6.1 Nigeria Antacids Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Nigeria Antacids Market Revenues & Volume, By Type, 2021 - 2031F |
6.1.3 Nigeria Antacids Market Revenues & Volume, By Calcium-Based, 2021 - 2031F |
6.1.4 Nigeria Antacids Market Revenues & Volume, By Magnesium-Based, 2021 - 2031F |
6.1.5 Nigeria Antacids Market Revenues & Volume, By Sodium Bicarbonate, 2021 - 2031F |
6.1.6 Nigeria Antacids Market Revenues & Volume, By Combination Formulations, 2021 - 2031F |
6.2 Nigeria Antacids Market, By Form |
6.2.1 Overview and Analysis |
6.2.2 Nigeria Antacids Market Revenues & Volume, By Tablets & Chewables, 2021 - 2031F |
6.2.3 Nigeria Antacids Market Revenues & Volume, By Liquid Suspension, 2021 - 2031F |
6.2.4 Nigeria Antacids Market Revenues & Volume, By Effervescent Powders, 2021 - 2031F |
6.2.5 Nigeria Antacids Market Revenues & Volume, By Gels & Syrups, 2021 - 2031F |
6.3 Nigeria Antacids Market, By Distribution Channel |
6.3.1 Overview and Analysis |
6.3.2 Nigeria Antacids Market Revenues & Volume, By Hospital Pharmacies, 2021 - 2031F |
6.3.3 Nigeria Antacids Market Revenues & Volume, By Retail Pharmacies, 2021 - 2031F |
6.3.4 Nigeria Antacids Market Revenues & Volume, By Online Pharmacies, 2021 - 2031F |
6.3.5 Nigeria Antacids Market Revenues & Volume, By Supermarkets & Drug Stores, 2021 - 2031F |
7 Nigeria Antacids Market Import-Export Trade Statistics |
7.1 Nigeria Antacids Market Export to Major Countries |
7.2 Nigeria Antacids Market Imports from Major Countries |
8 Nigeria Antacids Market Key Performance Indicators |
8.1 Number of pharmacies and drugstores stocking a variety of antacids |
8.2 Percentage increase in online sales of antacids |
8.3 Number of gastroenterologists recommending antacids for digestive health |
9 Nigeria Antacids Market - Opportunity Assessment |
9.1 Nigeria Antacids Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Nigeria Antacids Market Opportunity Assessment, By Form, 2021 & 2031F |
9.3 Nigeria Antacids Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
10 Nigeria Antacids Market - Competitive Landscape |
10.1 Nigeria Antacids Market Revenue Share, By Companies, 2024 |
10.2 Nigeria Antacids Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |