| Product Code: ETC8622573 | 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 the Compound Annual Growth Rate (CAGR) from 2020-24 and a negative growth rate in 2023-24, Nigeria`s crocin import market continues to see high concentration with top exporters being India, China, Netherlands, Metropolitan France, and the USA. The high Herfindahl-Hirschman Index (HHI) in 2024 indicates a competitive landscape dominated by these key players. It will be crucial for market participants to strategize effectively to navigate through the challenges and capitalize on potential opportunities in the Nigerian crocin import market.

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 Crocin Market Overview |
3.1 Nigeria Country Macro Economic Indicators |
3.2 Nigeria Crocin Market Revenues & Volume, 2021 & 2031F |
3.3 Nigeria Crocin Market - Industry Life Cycle |
3.4 Nigeria Crocin Market - Porter's Five Forces |
3.5 Nigeria Crocin Market Revenues & Volume Share, By Purity, 2021 & 2031F |
3.6 Nigeria Crocin Market Revenues & Volume Share, By Indication, 2021 & 2031F |
3.7 Nigeria Crocin Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.8 Nigeria Crocin Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 Nigeria Crocin Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing awareness about the benefits of crocin for health and wellness in Nigeria |
4.2.2 Growing prevalence of chronic diseases leading to higher demand for pain relief medications like crocin |
4.2.3 Rise in disposable income of the population, enabling more spending on healthcare products |
4.3 Market Restraints |
4.3.1 Stringent regulations and compliance requirements for pharmaceutical products in Nigeria |
4.3.2 Presence of counterfeit products in the market leading to concerns about product quality |
4.3.3 Competition from alternative pain relief medications and traditional remedies |
5 Nigeria Crocin Market Trends |
6 Nigeria Crocin Market, By Types |
6.1 Nigeria Crocin Market, By Purity |
6.1.1 Overview and Analysis |
6.1.2 Nigeria Crocin Market Revenues & Volume, By Purity, 2021- 2031F |
6.1.3 Nigeria Crocin Market Revenues & Volume, By Purity >98%, 2021- 2031F |
6.1.4 Nigeria Crocin Market Revenues & Volume, By Purity <98%, 2021- 2031F |
6.2 Nigeria Crocin Market, By Indication |
6.2.1 Overview and Analysis |
6.2.2 Nigeria Crocin Market Revenues & Volume, By Pain, 2021- 2031F |
6.2.3 Nigeria Crocin Market Revenues & Volume, By Pyrexia (Fever), 2021- 2031F |
6.3 Nigeria Crocin Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Nigeria Crocin Market Revenues & Volume, By Food, 2021- 2031F |
6.3.3 Nigeria Crocin Market Revenues & Volume, By Chemical Industry, 2021- 2031F |
6.3.4 Nigeria Crocin Market Revenues & Volume, By Drug, 2021- 2031F |
6.3.5 Nigeria Crocin Market Revenues & Volume, By Others, 2021- 2031F |
6.4 Nigeria Crocin Market, By Distribution Channel |
6.4.1 Overview and Analysis |
6.4.2 Nigeria Crocin Market Revenues & Volume, By Hospital Pharmacy, 2021- 2031F |
6.4.3 Nigeria Crocin Market Revenues & Volume, By Retail Pharmacy, 2021- 2031F |
6.4.4 Nigeria Crocin Market Revenues & Volume, By Others, 2021- 2031F |
7 Nigeria Crocin Market Import-Export Trade Statistics |
7.1 Nigeria Crocin Market Export to Major Countries |
7.2 Nigeria Crocin Market Imports from Major Countries |
8 Nigeria Crocin Market Key Performance Indicators |
8.1 Number of healthcare professionals recommending crocin to patients |
8.2 Percentage increase in the sales of crocin in pharmacies and retail outlets |
8.3 Growth in the number of clinical studies and research papers supporting the efficacy of crocin |
9 Nigeria Crocin Market - Opportunity Assessment |
9.1 Nigeria Crocin Market Opportunity Assessment, By Purity, 2021 & 2031F |
9.2 Nigeria Crocin Market Opportunity Assessment, By Indication, 2021 & 2031F |
9.3 Nigeria Crocin Market Opportunity Assessment, By Application, 2021 & 2031F |
9.4 Nigeria Crocin Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
10 Nigeria Crocin Market - Competitive Landscape |
10.1 Nigeria Crocin Market Revenue Share, By Companies, 2024 |
10.2 Nigeria Crocin Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |