| Product Code: ETC8618384 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sumit Sagar | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The Nigeria aquaculture feed carotenoids import market saw a shift in key exporting countries in 2024, with Greece, South Africa, Belgium, Vietnam, and Germany leading the way. The market concentration, as measured by the Herfindahl-Hirschman Index (HHI), significantly decreased from low to very low concentration, indicating a more diversified import landscape. Despite a negative compound annual growth rate (CAGR) of -13.36% from 2020 to 2024, the slight improvement in the growth rate from 2023 to 2024 (-0.21%) suggests a potential stabilization in the market.

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 Aquaculture Feed Carotenoids Market Overview |
3.1 Nigeria Country Macro Economic Indicators |
3.2 Nigeria Aquaculture Feed Carotenoids Market Revenues & Volume, 2021 & 2031F |
3.3 Nigeria Aquaculture Feed Carotenoids Market - Industry Life Cycle |
3.4 Nigeria Aquaculture Feed Carotenoids Market - Porter's Five Forces |
3.5 Nigeria Aquaculture Feed Carotenoids Market Revenues & Volume Share, By Source, 2021 & 2031F |
3.6 Nigeria Aquaculture Feed Carotenoids Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.7 Nigeria Aquaculture Feed Carotenoids Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Nigeria Aquaculture Feed Carotenoids Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for seafood products in Nigeria |
4.2.2 Growing awareness about the benefits of carotenoids in aquaculture feed |
4.2.3 Government support and initiatives to promote aquaculture industry in Nigeria |
4.3 Market Restraints |
4.3.1 Fluctuating prices of raw materials for carotenoid production |
4.3.2 Lack of awareness about the importance of carotenoids in aquaculture feed |
4.3.3 Competition from alternative sources of aquaculture feed additives |
5 Nigeria Aquaculture Feed Carotenoids Market Trends |
6 Nigeria Aquaculture Feed Carotenoids Market, By Types |
6.1 Nigeria Aquaculture Feed Carotenoids Market, By Source |
6.1.1 Overview and Analysis |
6.1.2 Nigeria Aquaculture Feed Carotenoids Market Revenues & Volume, By Source, 2021- 2031F |
6.1.3 Nigeria Aquaculture Feed Carotenoids Market Revenues & Volume, By Natural, 2021- 2031F |
6.1.4 Nigeria Aquaculture Feed Carotenoids Market Revenues & Volume, By Synthetic, 2021- 2031F |
6.2 Nigeria Aquaculture Feed Carotenoids Market, By Product |
6.2.1 Overview and Analysis |
6.2.2 Nigeria Aquaculture Feed Carotenoids Market Revenues & Volume, By Beta-Carotene, 2021- 2031F |
6.2.3 Nigeria Aquaculture Feed Carotenoids Market Revenues & Volume, By Lutein, 2021- 2031F |
6.2.4 Nigeria Aquaculture Feed Carotenoids Market Revenues & Volume, By Astaxanthin, 2021- 2031F |
6.2.5 Nigeria Aquaculture Feed Carotenoids Market Revenues & Volume, By Canthaxanthin, 2021- 2031F |
6.2.6 Nigeria Aquaculture Feed Carotenoids Market Revenues & Volume, By Lycopene, 2021- 2031F |
6.3 Nigeria Aquaculture Feed Carotenoids Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Nigeria Aquaculture Feed Carotenoids Market Revenues & Volume, By Food & Beverages, 2021- 2031F |
6.3.3 Nigeria Aquaculture Feed Carotenoids Market Revenues & Volume, By Pharmaceutical, 2021- 2031F |
6.3.4 Nigeria Aquaculture Feed Carotenoids Market Revenues & Volume, By Cosmetics, 2021- 2031F |
6.3.5 Nigeria Aquaculture Feed Carotenoids Market Revenues & Volume, By Animal Feed, 2021- 2031F |
6.3.6 Nigeria Aquaculture Feed Carotenoids Market Revenues & Volume, By Dietary Supplements, 2021- 2031F |
7 Nigeria Aquaculture Feed Carotenoids Market Import-Export Trade Statistics |
7.1 Nigeria Aquaculture Feed Carotenoids Market Export to Major Countries |
7.2 Nigeria Aquaculture Feed Carotenoids Market Imports from Major Countries |
8 Nigeria Aquaculture Feed Carotenoids Market Key Performance Indicators |
8.1 Average price of carotenoids used in aquaculture feed |
8.2 Adoption rate of carotenoid-enriched aquaculture feed by fish farmers |
8.3 Number of aquaculture farms using carotenoid supplements in Nigeria |
9 Nigeria Aquaculture Feed Carotenoids Market - Opportunity Assessment |
9.1 Nigeria Aquaculture Feed Carotenoids Market Opportunity Assessment, By Source, 2021 & 2031F |
9.2 Nigeria Aquaculture Feed Carotenoids Market Opportunity Assessment, By Product, 2021 & 2031F |
9.3 Nigeria Aquaculture Feed Carotenoids Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Nigeria Aquaculture Feed Carotenoids Market - Competitive Landscape |
10.1 Nigeria Aquaculture Feed Carotenoids Market Revenue Share, By Companies, 2024 |
10.2 Nigeria Aquaculture Feed Carotenoids Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |