Nigeria Astragalus Root Extract Market (2025-2031) | Share, Industry, Size & Revenue, Companies, Trends, Segmentation, Competitive Landscape, Value, Forecast, Growth, Outlook, Analysis

Name: Nigeria Astragalus Root Extract Market (2025-2031) | Share & Industry
Creator: 6Wresearch
License: https://www.6wresearch.com/privacy-policy

Market Forecast By Product (Powder, Whole Root, Liquid), By Category (Organic, Conventional), By Application (Food Industry, Pharmaceuticals Industry, Others) And Competitive Landscape

Product Code: ETC8618629	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

Nigeria Astragalus Root Extract Market Top 5 Importing Countries and Market Competition (HHI) Analysis

The import shipments of Astragalus root extract to Nigeria in 2024 saw top exporting countries being Vietnam, China, India, Mexico, and the UK. With a high Herfindahl-Hirschman Index (HHI) indicating concentrated market control, the compound annual growth rate (CAGR) from 2020 to 2024 was notably negative at -42.31%. Furthermore, the growth rate from 2023 to 2024 declined sharply by -60.5%. This data suggests a challenging market environment with significant fluctuations, highlighting the need for strategic adaptations by industry players in the Astragalus root extract trade.

Nigeria Astragalus Root Extract Market Top 5 Importing Countries and Market Competition (HHI) Analysis

Key Highlights of the Report:

Nigeria Astragalus Root Extract Market Outlook
Market Size of Nigeria Astragalus Root Extract Market, 2024
Forecast of Nigeria Astragalus Root Extract Market, 2031
Historical Data and Forecast of Nigeria Astragalus Root Extract Revenues & Volume for the Period 2021- 2031
Nigeria Astragalus Root Extract Market Trend Evolution
Nigeria Astragalus Root Extract Market Drivers and Challenges
Nigeria Astragalus Root Extract Price Trends
Nigeria Astragalus Root Extract Porter's Five Forces
Nigeria Astragalus Root Extract Industry Life Cycle
Historical Data and Forecast of Nigeria Astragalus Root Extract Market Revenues & Volume By Product for the Period 2021- 2031
Historical Data and Forecast of Nigeria Astragalus Root Extract Market Revenues & Volume By Powder for the Period 2021- 2031
Historical Data and Forecast of Nigeria Astragalus Root Extract Market Revenues & Volume By Whole Root for the Period 2021- 2031
Historical Data and Forecast of Nigeria Astragalus Root Extract Market Revenues & Volume By Liquid for the Period 2021- 2031
Historical Data and Forecast of Nigeria Astragalus Root Extract Market Revenues & Volume By Category for the Period 2021- 2031
Historical Data and Forecast of Nigeria Astragalus Root Extract Market Revenues & Volume By Organic for the Period 2021- 2031
Historical Data and Forecast of Nigeria Astragalus Root Extract Market Revenues & Volume By Conventional for the Period 2021- 2031
Historical Data and Forecast of Nigeria Astragalus Root Extract Market Revenues & Volume By Application for the Period 2021- 2031
Historical Data and Forecast of Nigeria Astragalus Root Extract Market Revenues & Volume By Food Industry for the Period 2021- 2031
Historical Data and Forecast of Nigeria Astragalus Root Extract Market Revenues & Volume By Pharmaceuticals Industry for the Period 2021- 2031
Historical Data and Forecast of Nigeria Astragalus Root Extract Market Revenues & Volume By Others for the Period 2021- 2031
Nigeria Astragalus Root Extract Import Export Trade Statistics
Market Opportunity Assessment By Product
Market Opportunity Assessment By Category
Market Opportunity Assessment By Application
Nigeria Astragalus Root Extract Top Companies Market Share
Nigeria Astragalus Root Extract Competitive Benchmarking By Technical and Operational Parameters
Nigeria Astragalus Root Extract Company Profiles
Nigeria Astragalus Root Extract Key Strategic Recommendations

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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 Astragalus Root Extract Market Overview

3.1 Nigeria Country Macro Economic Indicators

3.2 Nigeria Astragalus Root Extract Market Revenues & Volume, 2021 & 2031F

3.3 Nigeria Astragalus Root Extract Market - Industry Life Cycle

3.4 Nigeria Astragalus Root Extract Market - Porter's Five Forces

3.5 Nigeria Astragalus Root Extract Market Revenues & Volume Share, By Product, 2021 & 2031F

3.6 Nigeria Astragalus Root Extract Market Revenues & Volume Share, By Category, 2021 & 2031F

3.7 Nigeria Astragalus Root Extract Market Revenues & Volume Share, By Application, 2021 & 2031F

4 Nigeria Astragalus Root Extract Market Dynamics

4.1 Impact Analysis

4.2 Market Drivers

4.2.1 Increasing awareness about the health benefits of astragalus root extract

4.2.2 Growing demand for natural and herbal remedies in Nigeria

4.2.3 Rising prevalence of lifestyle diseases driving the need for alternative treatments like astragalus root extract

4.3 Market Restraints

4.3.1 Limited availability of high-quality astragalus root extract in the market

4.3.2 Lack of standardized regulations for herbal products in Nigeria

4.3.3 Price volatility due to factors like seasonal variations and supply chain disruptions

5 Nigeria Astragalus Root Extract Market Trends

6 Nigeria Astragalus Root Extract Market, By Types

6.1 Nigeria Astragalus Root Extract Market, By Product

6.1.1 Overview and Analysis

6.1.2 Nigeria Astragalus Root Extract Market Revenues & Volume, By Product, 2021- 2031F

6.1.3 Nigeria Astragalus Root Extract Market Revenues & Volume, By Powder, 2021- 2031F

6.1.4 Nigeria Astragalus Root Extract Market Revenues & Volume, By Whole Root, 2021- 2031F

6.1.5 Nigeria Astragalus Root Extract Market Revenues & Volume, By Liquid, 2021- 2031F

6.2 Nigeria Astragalus Root Extract Market, By Category

6.2.1 Overview and Analysis

6.2.2 Nigeria Astragalus Root Extract Market Revenues & Volume, By Organic, 2021- 2031F

6.2.3 Nigeria Astragalus Root Extract Market Revenues & Volume, By Conventional, 2021- 2031F

6.3 Nigeria Astragalus Root Extract Market, By Application

6.3.1 Overview and Analysis

6.3.2 Nigeria Astragalus Root Extract Market Revenues & Volume, By Food Industry, 2021- 2031F

6.3.3 Nigeria Astragalus Root Extract Market Revenues & Volume, By Pharmaceuticals Industry, 2021- 2031F

6.3.4 Nigeria Astragalus Root Extract Market Revenues & Volume, By Others, 2021- 2031F

7 Nigeria Astragalus Root Extract Market Import-Export Trade Statistics

7.1 Nigeria Astragalus Root Extract Market Export to Major Countries

7.2 Nigeria Astragalus Root Extract Market Imports from Major Countries

8 Nigeria Astragalus Root Extract Market Key Performance Indicators

8.1 Consumer awareness levels of astragalus root extract benefits

8.2 Number of new product launches containing astragalus root extract

8.3 Percentage of healthcare practitioners recommending astragalus root extract

8.4 Research and development investment in improving the quality and efficacy of astragalus root extract

8.5 Adoption rate of astragalus root extract in traditional medicine practices in Nigeria

9 Nigeria Astragalus Root Extract Market - Opportunity Assessment

9.1 Nigeria Astragalus Root Extract Market Opportunity Assessment, By Product, 2021 & 2031F

9.2 Nigeria Astragalus Root Extract Market Opportunity Assessment, By Category, 2021 & 2031F

9.3 Nigeria Astragalus Root Extract Market Opportunity Assessment, By Application, 2021 & 2031F

10 Nigeria Astragalus Root Extract Market - Competitive Landscape

10.1 Nigeria Astragalus Root Extract Market Revenue Share, By Companies, 2024

10.2 Nigeria Astragalus Root Extract Market Competitive Benchmarking, By Operating and Technical Parameters

11 Company Profiles

12 Recommendations

13 Disclaimer

Africa Astragalus Root Extract Market

Global Astragalus Root Extract Market

Middle East Astragalus Root Extract Market

North America Astragalus Root Extract Market

Seychelles Astragalus Root Extract Market

Sierra Leone Astragalus Root Extract Market

Slovenia Astragalus Root Extract Market

Solomon Islands Astragalus Root Extract Market

Somalia Astragalus Root Extract Market

Export potential assessment - trade Analytics for 2030

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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