Nigeria Feed Plant-based Protein Market (2025-2031) Outlook | Share, Analysis, Value, Trends, Industry, Revenue, Forecast, Growth, Size & Companies

Name: Nigeria Feed Plant-based Protein Market (2025-2031) | Revenue & Forecast
Creator: 6Wresearch
License: https://www.6wresearch.com/privacy-policy

Market Forecast By Source (Soy, Wheat, Pea, Sunflower), By Livestock (Pets, Swine, Ruminants, Poultry, Aquatic Animals), By Type (Concentrates, Isolates) And Competitive Landscape

Product Code: ETC4595270	Publication Date: Jul 2023	Updated Date: Nov 2025	Product Type: Report
Publisher: 6Wresearch	Author: Ravi Bhandari	No. of Pages: 85	No. of Figures: 45	No. of Tables: 25

Nigeria Feed Plant Based Protein Market Top 5 Importing Countries and Market Competition (HHI) Analysis

The market for plant-based protein imports in Nigeria saw a significant decline in 2024, with a CAGR of -24.73% over the 2020-2024 period. The top exporting countries to Nigeria included Belgium, Germany, South Africa, China, and Greece. Despite the low concentration with a low Herfindahl-Hirschman Index (HHI), the growth rate further decreased by -28.38% from 2023 to 2024. This indicates a challenging landscape for plant-based protein imports in Nigeria, possibly influenced by various factors such as changing consumer preferences, economic conditions, or supply chain disruptions.

Key Highlights of the Report:

Nigeria Feed Plant-based Protein Market Outlook
Market Size of Nigeria Feed Plant-based Protein Market, 2024
Forecast of Nigeria Feed Plant-based Protein Market, 2031
Historical Data and Forecast of Nigeria Feed Plant-based Protein Revenues & Volume for the Period 2021 - 2031
Nigeria Feed Plant-based Protein Market Trend Evolution
Nigeria Feed Plant-based Protein Market Drivers and Challenges
Nigeria Feed Plant-based Protein Price Trends
Nigeria Feed Plant-based Protein Porter's Five Forces
Nigeria Feed Plant-based Protein Industry Life Cycle
Historical Data and Forecast of Nigeria Feed Plant-based Protein Market Revenues & Volume By Source for the Period 2021 - 2031
Historical Data and Forecast of Nigeria Feed Plant-based Protein Market Revenues & Volume By Soy for the Period 2021 - 2031
Historical Data and Forecast of Nigeria Feed Plant-based Protein Market Revenues & Volume By Wheat for the Period 2021 - 2031
Historical Data and Forecast of Nigeria Feed Plant-based Protein Market Revenues & Volume By Pea for the Period 2021 - 2031
Historical Data and Forecast of Nigeria Feed Plant-based Protein Market Revenues & Volume By Sunflower for the Period 2021 - 2031
Historical Data and Forecast of Nigeria Feed Plant-based Protein Market Revenues & Volume By Livestock for the Period 2021 - 2031
Historical Data and Forecast of Nigeria Feed Plant-based Protein Market Revenues & Volume By Pets for the Period 2021 - 2031
Historical Data and Forecast of Nigeria Feed Plant-based Protein Market Revenues & Volume By Swine for the Period 2021 - 2031
Historical Data and Forecast of Nigeria Feed Plant-based Protein Market Revenues & Volume By Ruminants for the Period 2021 - 2031
Historical Data and Forecast of Nigeria Feed Plant-based Protein Market Revenues & Volume By Poultry for the Period 2021 - 2031
Historical Data and Forecast of Nigeria Feed Plant-based Protein Market Revenues & Volume By Aquatic Animals for the Period 2021 - 2031
Historical Data and Forecast of Nigeria Feed Plant-based Protein Market Revenues & Volume By Type for the Period 2021 - 2031
Historical Data and Forecast of Nigeria Feed Plant-based Protein Market Revenues & Volume By Concentrates for the Period 2021 - 2031
Historical Data and Forecast of Nigeria Feed Plant-based Protein Market Revenues & Volume By Isolates for the Period 2021 - 2031
Nigeria Feed Plant-based Protein Import Export Trade Statistics
Market Opportunity Assessment By Source
Market Opportunity Assessment By Livestock
Market Opportunity Assessment By Type
Nigeria Feed Plant-based Protein Top Companies Market Share
Nigeria Feed Plant-based Protein Competitive Benchmarking By Technical and Operational Parameters
Nigeria Feed Plant-based Protein Company Profiles
Nigeria Feed Plant-based Protein Key Strategic Recommendations

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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 Feed Plant-based Protein Market Overview

3.1 Nigeria Country Macro Economic Indicators

3.2 Nigeria Feed Plant-based Protein Market Revenues & Volume, 2021 & 2031F

3.3 Nigeria Feed Plant-based Protein Market - Industry Life Cycle

3.4 Nigeria Feed Plant-based Protein Market - Porter's Five Forces

3.5 Nigeria Feed Plant-based Protein Market Revenues & Volume Share, By Source, 2021 & 2031F

3.6 Nigeria Feed Plant-based Protein Market Revenues & Volume Share, By Livestock, 2021 & 2031F

3.7 Nigeria Feed Plant-based Protein Market Revenues & Volume Share, By Type, 2021 & 2031F

4 Nigeria Feed Plant-based Protein Market Dynamics

4.1 Impact Analysis

4.2 Market Drivers

4.2.1 Increasing awareness about health benefits of plant-based protein consumption

4.2.2 Growing trend towards vegetarian and vegan diets in Nigeria

4.2.3 Government initiatives promoting sustainable agriculture and food production

4.3 Market Restraints

4.3.1 Limited availability and high cost of plant-based protein sources in Nigeria

4.3.2 Lack of consumer awareness and acceptance of plant-based proteins as compared to traditional protein sources

5 Nigeria Feed Plant-based Protein Market Trends

6 Nigeria Feed Plant-based Protein Market, By Types

6.1 Nigeria Feed Plant-based Protein Market, By Source

6.1.1 Overview and Analysis

6.1.2 Nigeria Feed Plant-based Protein Market Revenues & Volume, By Source, 2021 - 2031F

6.1.3 Nigeria Feed Plant-based Protein Market Revenues & Volume, By Soy, 2021 - 2031F

6.1.4 Nigeria Feed Plant-based Protein Market Revenues & Volume, By Wheat, 2021 - 2031F

6.1.5 Nigeria Feed Plant-based Protein Market Revenues & Volume, By Pea, 2021 - 2031F

6.1.6 Nigeria Feed Plant-based Protein Market Revenues & Volume, By Sunflower, 2021 - 2031F

6.2 Nigeria Feed Plant-based Protein Market, By Livestock

6.2.1 Overview and Analysis

6.2.2 Nigeria Feed Plant-based Protein Market Revenues & Volume, By Pets, 2021 - 2031F

6.2.3 Nigeria Feed Plant-based Protein Market Revenues & Volume, By Swine, 2021 - 2031F

6.2.4 Nigeria Feed Plant-based Protein Market Revenues & Volume, By Ruminants, 2021 - 2031F

6.2.5 Nigeria Feed Plant-based Protein Market Revenues & Volume, By Poultry, 2021 - 2031F

6.2.6 Nigeria Feed Plant-based Protein Market Revenues & Volume, By Aquatic Animals, 2021 - 2031F

6.3 Nigeria Feed Plant-based Protein Market, By Type

6.3.1 Overview and Analysis

6.3.2 Nigeria Feed Plant-based Protein Market Revenues & Volume, By Concentrates, 2021 - 2031F

6.3.3 Nigeria Feed Plant-based Protein Market Revenues & Volume, By Isolates, 2021 - 2031F

7 Nigeria Feed Plant-based Protein Market Import-Export Trade Statistics

7.1 Nigeria Feed Plant-based Protein Market Export to Major Countries

7.2 Nigeria Feed Plant-based Protein Market Imports from Major Countries

8 Nigeria Feed Plant-based Protein Market Key Performance Indicators

8.1 Adoption rate of plant-based protein products in the Nigerian market

8.2 Number of new product launches in the plant-based protein segment

8.3 Investment in research and development for improving plant-based protein sources

9 Nigeria Feed Plant-based Protein Market - Opportunity Assessment

9.1 Nigeria Feed Plant-based Protein Market Opportunity Assessment, By Source, 2021 & 2031F

9.2 Nigeria Feed Plant-based Protein Market Opportunity Assessment, By Livestock, 2021 & 2031F

9.3 Nigeria Feed Plant-based Protein Market Opportunity Assessment, By Type, 2021 & 2031F

10 Nigeria Feed Plant-based Protein Market - Competitive Landscape

10.1 Nigeria Feed Plant-based Protein Market Revenue Share, By Companies, 2024

10.2 Nigeria Feed Plant-based Protein Market Competitive Benchmarking, By Operating and Technical Parameters

11 Company Profiles

12 Recommendations

13 Disclaimer

Africa Feed Plant-based Protein Market

Asia Pacific Feed Plant-based Protein Market

Bahrain Feed Plant-based Protein Market

Europe Feed Plant-based Protein Market

Global Feed Plant-based Protein Market

Iraq Feed Plant-based Protein Market

Jordan Feed Plant-based Protein Market

Lebanon Feed Plant-based Protein Market

Middle East Feed Plant-based Protein Market

North America Feed Plant-based Protein Market

South Africa Feed Plant-based Protein Market

Export potential assessment - trade Analytics for 2030

Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.

By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.

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