| Product Code: ETC8620232 | 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 |
Despite a decline in growth rate from 2023 to 2024, Nigeria continues to rely on breast milk substitutes imports from top exporting countries like Mexico, Netherlands, Brazil, Ghana, and Singapore. The High Herfindahl-Hirschman Index (HHI) indicates a market with high concentration, suggesting a competitive landscape dominated by a few key players. The negative Compound Annual Growth Rate (CAGR) from 2020 to 2024 may reflect shifting consumer preferences or regulatory changes in the market. Monitoring these trends and understanding market dynamics will be crucial for stakeholders in the breast milk substitutes industry.

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 Breast Milk Substitutes Market Overview |
3.1 Nigeria Country Macro Economic Indicators |
3.2 Nigeria Breast Milk Substitutes Market Revenues & Volume, 2021 & 2031F |
3.3 Nigeria Breast Milk Substitutes Market - Industry Life Cycle |
3.4 Nigeria Breast Milk Substitutes Market - Porter's Five Forces |
3.5 Nigeria Breast Milk Substitutes Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Nigeria Breast Milk Substitutes Market Revenues & Volume Share, By Formula Type, 2021 & 2031F |
3.7 Nigeria Breast Milk Substitutes Market Revenues & Volume Share, By End Users, 2021 & 2031F |
4 Nigeria Breast Milk Substitutes Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing urbanization leading to a rise in the number of working mothers who opt for breast milk substitutes. |
4.2.2 Growing awareness about the importance of infant nutrition and the availability of a variety of breast milk substitute products in the market. |
4.2.3 High birth rate in Nigeria contributing to a larger target market for breast milk substitutes. |
4.3 Market Restraints |
4.3.1 Cultural beliefs and societal norms promoting breastfeeding as the preferred method of infant feeding, leading to resistance towards breast milk substitutes. |
4.3.2 Lack of stringent regulations and monitoring in the market leading to quality concerns and counterfeit products. |
5 Nigeria Breast Milk Substitutes Market Trends |
6 Nigeria Breast Milk Substitutes Market, By Types |
6.1 Nigeria Breast Milk Substitutes Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Nigeria Breast Milk Substitutes Market Revenues & Volume, By Product Type, 2021- 2031F |
6.1.3 Nigeria Breast Milk Substitutes Market Revenues & Volume, By Ready-to-use, 2021- 2031F |
6.1.4 Nigeria Breast Milk Substitutes Market Revenues & Volume, By Powdered, 2021- 2031F |
6.1.5 Nigeria Breast Milk Substitutes Market Revenues & Volume, By Concentrated Liquid, 2021- 2031F |
6.2 Nigeria Breast Milk Substitutes Market, By Formula Type |
6.2.1 Overview and Analysis |
6.2.2 Nigeria Breast Milk Substitutes Market Revenues & Volume, By Hypoallergenic Formula, 2021- 2031F |
6.2.3 Nigeria Breast Milk Substitutes Market Revenues & Volume, By Soy-based Formula, 2021- 2031F |
6.2.4 Nigeria Breast Milk Substitutes Market Revenues & Volume, By Milk-based Formula, 2021- 2031F |
6.3 Nigeria Breast Milk Substitutes Market, By End Users |
6.3.1 Overview and Analysis |
6.3.2 Nigeria Breast Milk Substitutes Market Revenues & Volume, By Hospitals and Clinics, 2021- 2031F |
6.3.3 Nigeria Breast Milk Substitutes Market Revenues & Volume, By Specialty Clinics, 2021- 2031F |
6.3.4 Nigeria Breast Milk Substitutes Market Revenues & Volume, By Others, 2021- 2031F |
7 Nigeria Breast Milk Substitutes Market Import-Export Trade Statistics |
7.1 Nigeria Breast Milk Substitutes Market Export to Major Countries |
7.2 Nigeria Breast Milk Substitutes Market Imports from Major Countries |
8 Nigeria Breast Milk Substitutes Market Key Performance Indicators |
8.1 Number of health campaigns and educational programs promoting infant nutrition and the use of breast milk substitutes. |
8.2 Growth in the number of working mothers in urban areas. |
8.3 Investment in research and development for innovative breast milk substitute products. |
8.4 Percentage of healthcare professionals recommending breast milk substitutes in certain cases. |
8.5 Consumer perception and acceptance of breast milk substitutes in the market. |
9 Nigeria Breast Milk Substitutes Market - Opportunity Assessment |
9.1 Nigeria Breast Milk Substitutes Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Nigeria Breast Milk Substitutes Market Opportunity Assessment, By Formula Type, 2021 & 2031F |
9.3 Nigeria Breast Milk Substitutes Market Opportunity Assessment, By End Users, 2021 & 2031F |
10 Nigeria Breast Milk Substitutes Market - Competitive Landscape |
10.1 Nigeria Breast Milk Substitutes Market Revenue Share, By Companies, 2024 |
10.2 Nigeria Breast Milk Substitutes Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |