| Product Code: ETC4600670 | Publication Date: Jul 2023 | Updated Date: Nov 2025 | Product Type: Report | |
| Publisher: 6Wresearch | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 | |
In 2024, Nigeria continued to be a key market for bioactive ingredients and products, with top exporters including India, China, USA, Netherlands, and Metropolitan France. The high Herfindahl-Hirschman Index (HHI) indicates a concentration of imports among these countries. Despite a negative Compound Annual Growth Rate (CAGR) of -24.91% from 2020-2024, the growth rate for 2023-2024 decreased even further to -29.77%. This suggests a challenging market environment, potentially influenced by factors such as changing consumer preferences, economic conditions, or regulatory developments impacting the industry 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 Bioactive Ingredients & Product Market Overview |
3.1 Nigeria Country Macro Economic Indicators |
3.2 Nigeria Bioactive Ingredients & Product Market Revenues & Volume, 2021 & 2031F |
3.3 Nigeria Bioactive Ingredients & Product Market - Industry Life Cycle |
3.4 Nigeria Bioactive Ingredients & Product Market - Porter's Five Forces |
3.5 Nigeria Bioactive Ingredients & Product Market Revenues & Volume Share, By Ingredient, 2021 & 2031F |
3.6 Nigeria Bioactive Ingredients & Product Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.7 Nigeria Bioactive Ingredients & Product Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Nigeria Bioactive Ingredients & Product Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing consumer awareness and demand for natural and organic products |
4.2.2 Growing focus on health and wellness, leading to a shift towards bioactive ingredients |
4.2.3 Government initiatives promoting the use of bioactive ingredients in various industries |
4.3 Market Restraints |
4.3.1 High production costs associated with sourcing and processing bioactive ingredients |
4.3.2 Lack of standardized regulations and quality control measures in the bioactive ingredients market |
4.3.3 Limited research and development activities leading to a narrow product range |
5 Nigeria Bioactive Ingredients & Product Market Trends |
6 Nigeria Bioactive Ingredients & Product Market, By Types |
6.1 Nigeria Bioactive Ingredients & Product Market, By Ingredient |
6.1.1 Overview and Analysis |
6.1.2 Nigeria Bioactive Ingredients & Product Market Revenues & Volume, By Ingredient, 2021 - 2031F |
6.1.3 Nigeria Bioactive Ingredients & Product Market Revenues & Volume, By Probiotics, 2021 - 2031F |
6.1.4 Nigeria Bioactive Ingredients & Product Market Revenues & Volume, By Proteins, 2021 - 2031F |
6.1.5 Nigeria Bioactive Ingredients & Product Market Revenues & Volume, By Plant Extracts, 2021 - 2031F |
6.1.6 Nigeria Bioactive Ingredients & Product Market Revenues & Volume, By Minerals, 2021 - 2031F |
6.1.7 Nigeria Bioactive Ingredients & Product Market Revenues & Volume, By Vitamins, 2021 - 2031F |
6.1.8 Nigeria Bioactive Ingredients & Product Market Revenues & Volume, By Fibers, 2021 - 2031F |
6.2 Nigeria Bioactive Ingredients & Product Market, By Type |
6.2.1 Overview and Analysis |
6.2.2 Nigeria Bioactive Ingredients & Product Market Revenues & Volume, By Prebiotics, 2021 - 2031F |
6.2.3 Nigeria Bioactive Ingredients & Product Market Revenues & Volume, By Probiotics, 2021 - 2031F |
6.2.4 Nigeria Bioactive Ingredients & Product Market Revenues & Volume, By Amino acids, peptides & proteins, 2021 - 2031F |
6.2.5 Nigeria Bioactive Ingredients & Product Market Revenues & Volume, By Omega 3 & structured lipids, 2021 - 2031F |
6.2.6 Nigeria Bioactive Ingredients & Product Market Revenues & Volume, By Phytochemicals & plant extracts, 2021 - 2031F |
6.2.7 Nigeria Bioactive Ingredients & Product Market Revenues & Volume, By Minerals, 2021 - 2031F |
6.2.8 Nigeria Bioactive Ingredients & Product Market Revenues & Volume, By Fibers & specialty carbohydrates, 2021 - 2031F |
6.2.9 Nigeria Bioactive Ingredients & Product Market Revenues & Volume, By Fibers & specialty carbohydrates, 2021 - 2031F |
6.3 Nigeria Bioactive Ingredients & Product Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Nigeria Bioactive Ingredients & Product Market Revenues & Volume, By Functional food, 2021 - 2031F |
6.3.3 Nigeria Bioactive Ingredients & Product Market Revenues & Volume, By Functional beverages, 2021 - 2031F |
6.3.4 Nigeria Bioactive Ingredients & Product Market Revenues & Volume, By Dietary supplements, 2021 - 2031F |
6.3.5 Nigeria Bioactive Ingredients & Product Market Revenues & Volume, By Animal nutrition, 2021 - 2031F |
6.3.6 Nigeria Bioactive Ingredients & Product Market Revenues & Volume, By Personal care, 2021 - 2031F |
7 Nigeria Bioactive Ingredients & Product Market Import-Export Trade Statistics |
7.1 Nigeria Bioactive Ingredients & Product Market Export to Major Countries |
7.2 Nigeria Bioactive Ingredients & Product Market Imports from Major Countries |
8 Nigeria Bioactive Ingredients & Product Market Key Performance Indicators |
8.1 Number of new product launches incorporating bioactive ingredients |
8.2 Percentage increase in investments in the bioactive ingredients sector |
8.3 Growth in the number of partnerships between local businesses and international bioactive ingredient suppliers |
9 Nigeria Bioactive Ingredients & Product Market - Opportunity Assessment |
9.1 Nigeria Bioactive Ingredients & Product Market Opportunity Assessment, By Ingredient, 2021 & 2031F |
9.2 Nigeria Bioactive Ingredients & Product Market Opportunity Assessment, By Type, 2021 & 2031F |
9.3 Nigeria Bioactive Ingredients & Product Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Nigeria Bioactive Ingredients & Product Market - Competitive Landscape |
10.1 Nigeria Bioactive Ingredients & Product Market Revenue Share, By Companies, 2024 |
10.2 Nigeria Bioactive Ingredients & Product Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |