| Product Code: ETC8621096 | 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 cereal ingredients import market experienced a significant shift in 2024, with top exporters being China, Turkey, Singapore, Togo, and the UK. The market concentration, as measured by the HHI, increased from high to very high in 2024. The compound annual growth rate (CAGR) from 2020 to 2024 was -52.79%, indicating a decline in import volumes over the period. Furthermore, the growth rate from 2023 to 2024 plummeted by -63.54%, suggesting a sharp decline in import activity within the sector. This dynamic landscape may indicate changing consumer preferences or market conditions impacting the cereal ingredients trade 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 Cereal Ingredients Market Overview |
3.1 Nigeria Country Macro Economic Indicators |
3.2 Nigeria Cereal Ingredients Market Revenues & Volume, 2021 & 2031F |
3.3 Nigeria Cereal Ingredients Market - Industry Life Cycle |
3.4 Nigeria Cereal Ingredients Market - Porter's Five Forces |
3.5 Nigeria Cereal Ingredients Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Nigeria Cereal Ingredients Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Nigeria Cereal Ingredients Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing consumer awareness about the benefits of consuming cereals for health and nutrition |
4.2.2 Growing demand for convenience foods driving the consumption of cereal-based products |
4.2.3 Rising disposable income leading to higher spending on packaged food products |
4.3 Market Restraints |
4.3.1 Fluctuating prices of raw materials impacting the cost of production |
4.3.2 Lack of infrastructure and cold chain facilities affecting the distribution of cereal ingredients |
5 Nigeria Cereal Ingredients Market Trends |
6 Nigeria Cereal Ingredients Market, By Types |
6.1 Nigeria Cereal Ingredients Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Nigeria Cereal Ingredients Market Revenues & Volume, By Type, 2021- 2031F |
6.1.3 Nigeria Cereal Ingredients Market Revenues & Volume, By Wheat, 2021- 2031F |
6.1.4 Nigeria Cereal Ingredients Market Revenues & Volume, By Rice, 2021- 2031F |
6.1.5 Nigeria Cereal Ingredients Market Revenues & Volume, By Oat, 2021- 2031F |
6.1.6 Nigeria Cereal Ingredients Market Revenues & Volume, By Corn, 2021- 2031F |
6.1.7 Nigeria Cereal Ingredients Market Revenues & Volume, By Barley, 2021- 2031F |
6.2 Nigeria Cereal Ingredients Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Nigeria Cereal Ingredients Market Revenues & Volume, By Hot Breakfast Cereal, 2021- 2031F |
6.2.3 Nigeria Cereal Ingredients Market Revenues & Volume, By Cold Breakfast Cereal, 2021- 2031F |
7 Nigeria Cereal Ingredients Market Import-Export Trade Statistics |
7.1 Nigeria Cereal Ingredients Market Export to Major Countries |
7.2 Nigeria Cereal Ingredients Market Imports from Major Countries |
8 Nigeria Cereal Ingredients Market Key Performance Indicators |
8.1 Consumer engagement with cereal ingredient-related content on social media platforms |
8.2 Number of new product launches using cereal ingredients in the Nigerian market |
8.3 Investments in research and development for innovative cereal ingredient products |
9 Nigeria Cereal Ingredients Market - Opportunity Assessment |
9.1 Nigeria Cereal Ingredients Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Nigeria Cereal Ingredients Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Nigeria Cereal Ingredients Market - Competitive Landscape |
10.1 Nigeria Cereal Ingredients Market Revenue Share, By Companies, 2024 |
10.2 Nigeria Cereal Ingredients Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |