Nigeria Cannabis Market (2025-2031) | Industry, Segmentation, Share, Forecast, Companies, Competitive Landscape, Trends, Value, Outlook, Growth, Analysis, Size & Revenue
Market Forecast By Type (Medical Cannabis, Recreational Cannabis), By Product (Buds, Oils, Tinctures), By Application (Chronic Pain, Mental Disorders, Cancer, Others) And Competitive Landscape
| Product Code: ETC8620602 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Dhaval Chaurasia | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
Nigeria Cannabis Market Top 5 Importing Countries and Market Competition (HHI) Analysis
The Nigeria cannabis import market saw a significant increase in concentration in 2024, with top exporters being Vietnam, China, India, Mexico, and the UK. Despite a negative CAGR of -43.12% from 2020 to 2024, the growth rate plummeted further to -66.24% in 2024. This suggests a challenging landscape for cannabis importers in Nigeria, potentially impacted by regulatory changes or shifts in consumer demand. The high concentration of imports from a few key countries may also indicate potential supply chain vulnerabilities or market dynamics at play.
Key Highlights of the Report:
- Nigeria Cannabis Market Outlook
- Market Size of Nigeria Cannabis Market, 2024
- Forecast of Nigeria Cannabis Market, 2031
- Historical Data and Forecast of Nigeria Cannabis Revenues & Volume for the Period 2021- 2031
- Nigeria Cannabis Market Trend Evolution
- Nigeria Cannabis Market Drivers and Challenges
- Nigeria Cannabis Price Trends
- Nigeria Cannabis Porter's Five Forces
- Nigeria Cannabis Industry Life Cycle
- Historical Data and Forecast of Nigeria Cannabis Market Revenues & Volume By Type for the Period 2021- 2031
- Historical Data and Forecast of Nigeria Cannabis Market Revenues & Volume By Medical Cannabis for the Period 2021- 2031
- Historical Data and Forecast of Nigeria Cannabis Market Revenues & Volume By Recreational Cannabis for the Period 2021- 2031
- Historical Data and Forecast of Nigeria Cannabis Market Revenues & Volume By Product for the Period 2021- 2031
- Historical Data and Forecast of Nigeria Cannabis Market Revenues & Volume By Buds for the Period 2021- 2031
- Historical Data and Forecast of Nigeria Cannabis Market Revenues & Volume By Oils for the Period 2021- 2031
- Historical Data and Forecast of Nigeria Cannabis Market Revenues & Volume By Tinctures for the Period 2021- 2031
- Historical Data and Forecast of Nigeria Cannabis Market Revenues & Volume By Application for the Period 2021- 2031
- Historical Data and Forecast of Nigeria Cannabis Market Revenues & Volume By Chronic Pain for the Period 2021- 2031
- Historical Data and Forecast of Nigeria Cannabis Market Revenues & Volume By Mental Disorders for the Period 2021- 2031
- Historical Data and Forecast of Nigeria Cannabis Market Revenues & Volume By Cancer for the Period 2021- 2031
- Historical Data and Forecast of Nigeria Cannabis Market Revenues & Volume By Others for the Period 2021- 2031
- Nigeria Cannabis Import Export Trade Statistics
- Market Opportunity Assessment By Type
- Market Opportunity Assessment By Product
- Market Opportunity Assessment By Application
- Nigeria Cannabis Top Companies Market Share
- Nigeria Cannabis Competitive Benchmarking By Technical and Operational Parameters
- Nigeria Cannabis Company Profiles
- Nigeria Cannabis Key Strategic Recommendations
Frequently Asked Questions About the Market Study (FAQs):
6Wresearch actively monitors the Nigeria Cannabis Market and publishes its comprehensive annual report, highlighting emerging trends, growth drivers, revenue analysis, and forecast outlook. Our insights help businesses to make data-backed strategic decisions with ongoing market dynamics. Our analysts track relevent industries related to the Nigeria Cannabis Market, allowing our clients with actionable intelligence and reliable forecasts tailored to emerging regional needs.
Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on sales@6wresearch.com
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 Cannabis Market Overview |
3.1 Nigeria Country Macro Economic Indicators |
3.2 Nigeria Cannabis Market Revenues & Volume, 2021 & 2031F |
3.3 Nigeria Cannabis Market - Industry Life Cycle |
3.4 Nigeria Cannabis Market - Porter's Five Forces |
3.5 Nigeria Cannabis Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Nigeria Cannabis Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 Nigeria Cannabis Market Revenues & Volume Share, By Compound Type, 2021 & 2031F |
4 Nigeria Cannabis Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing acceptance and legalization of medical cannabis in Nigeria |
4.2.2 Growing awareness about the potential health benefits of cannabis |
4.2.3 Rise in investments and partnerships in the cannabis industry in Nigeria |
4.3 Market Restraints |
4.3.1 Regulatory challenges and legal uncertainties surrounding cannabis in Nigeria |
4.3.2 Lack of standardized quality control measures and testing protocols |
4.3.3 Limited access to banking services and financial support for cannabis businesses in Nigeria |
5 Nigeria Cannabis Market Trends |
6 Nigeria Cannabis Market, By Types |
6.1 Nigeria Cannabis Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Nigeria Cannabis Market Revenues & Volume, By Product Type, 2021- 2031F |
6.1.3 Nigeria Cannabis Market Revenues & Volume, By Capsules, 2021- 2031F |
6.1.4 Nigeria Cannabis Market Revenues & Volume, By Concentrates, 2021- 2031F |
6.1.5 Nigeria Cannabis Market Revenues & Volume, By Edibles, 2021- 2031F |
6.1.6 Nigeria Cannabis Market Revenues & Volume, By Other Product Types, 2021- 2031F |
6.2 Nigeria Cannabis Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Nigeria Cannabis Market Revenues & Volume, By Medical, 2021- 2031F |
6.2.3 Nigeria Cannabis Market Revenues & Volume, By Recreational, 2021- 2031F |
6.3 Nigeria Cannabis Market, By Compound Type |
6.3.1 Overview and Analysis |
6.3.2 Nigeria Cannabis Market Revenues & Volume, By Tetrahydrocannabinol (THC), 2021- 2031F |
6.3.3 Nigeria Cannabis Market Revenues & Volume, By Cannabidiol (CBD), 2021- 2031F |
6.3.4 Nigeria Cannabis Market Revenues & Volume, By Balanced THC & CBD, 2021- 2031F |
7 Nigeria Cannabis Market Import-Export Trade Statistics |
7.1 Nigeria Cannabis Market Export to Major Countries |
7.2 Nigeria Cannabis Market Imports from Major Countries |
8 Nigeria Cannabis Market Key Performance Indicators |
8.1 Number of research studies conducted on the medical benefits of cannabis in Nigeria |
8.2 Percentage increase in the number of licensed cannabis businesses in Nigeria |
8.3 Growth in the number of healthcare professionals prescribing cannabis-based treatments |
9 Nigeria Cannabis Market - Opportunity Assessment |
9.1 Nigeria Cannabis Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Nigeria Cannabis Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 Nigeria Cannabis Market Opportunity Assessment, By Compound Type, 2021 & 2031F |
10 Nigeria Cannabis Market - Competitive Landscape |
10.1 Nigeria Cannabis Market Revenue Share, By Companies, 2024 |
10.2 Nigeria Cannabis Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
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