Nigeria Groundnut Oil Market (2025-2031) | Consumer Insights, Trends, Companies, Revenue, Supply, Restraints, Strategy, Share, Challenges, Demand, Value, Outlook, Growth, Analysis, Investment Trends, Competition, Segments, Opportunities, Size, Competitive, Pricing Analysis, Forecast, Drivers, Strategic Insights, Industry, Segmentation
Market Forecast By Type (Refined, Unrefined, Blended), By Extraction Method (Cold-Pressed, Solvent-Extracted, Expeller-Pressed), By Packaging Type (Glass Bottles, Plastic Bottles, Tins & Pouches), By Distribution Channel (Supers, Online Retail, Convenience Stores), By Consumer Type (Household, HoReCa, Commercial) And Competitive Landscape
| Product Code: ETC12397725 | Publication Date: Apr 2025 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | No. of Pages: 65 | No. of Figures: 34 | No. of Tables: 19 | |
Nigeria Groundnut Oil Market Top 5 Importing Countries and Market Competition (HHI) Analysis
The groundnut oil import market in Nigeria saw a notable shift in 2024, with top exporters being Denmark, Netherlands, China, Germany, and the USA. Despite a decrease in the growth rate from 2023 to 2024, the market concentration remained high. The compound annual growth rate (CAGR) over the period from 2020 to 2024 was modest at 0.86%. This data suggests a competitive landscape in the groundnut oil import sector, with potential opportunities for market players to capitalize on the demand in Nigeria.
Key Highlights of the Report:
- Nigeria Groundnut Oil Market Outlook
- Market Size of Nigeria Groundnut Oil Market,2024
- Forecast of Nigeria Groundnut Oil Market, 2031
- Historical Data and Forecast of Nigeria Groundnut Oil Revenues & Volume for the Period 2021-2031
- Nigeria Groundnut Oil Market Trend Evolution
- Nigeria Groundnut Oil Market Drivers and Challenges
- Nigeria Groundnut Oil Price Trends
- Nigeria Groundnut Oil Porter's Five Forces
- Nigeria Groundnut Oil Industry Life Cycle
- Historical Data and Forecast of Nigeria Groundnut Oil Market Revenues & Volume By Type for the Period 2021-2031
- Historical Data and Forecast of Nigeria Groundnut Oil Market Revenues & Volume By Refined for the Period 2021-2031
- Historical Data and Forecast of Nigeria Groundnut Oil Market Revenues & Volume By Unrefined for the Period 2021-2031
- Historical Data and Forecast of Nigeria Groundnut Oil Market Revenues & Volume By Blended for the Period 2021-2031
- Historical Data and Forecast of Nigeria Groundnut Oil Market Revenues & Volume By Extraction Method for the Period 2021-2031
- Historical Data and Forecast of Nigeria Groundnut Oil Market Revenues & Volume By Cold-Pressed for the Period 2021-2031
- Historical Data and Forecast of Nigeria Groundnut Oil Market Revenues & Volume By Solvent-Extracted for the Period 2021-2031
- Historical Data and Forecast of Nigeria Groundnut Oil Market Revenues & Volume By Expeller-Pressed for the Period 2021-2031
- Historical Data and Forecast of Nigeria Groundnut Oil Market Revenues & Volume By Packaging Type for the Period 2021-2031
- Historical Data and Forecast of Nigeria Groundnut Oil Market Revenues & Volume By Glass Bottles for the Period 2021-2031
- Historical Data and Forecast of Nigeria Groundnut Oil Market Revenues & Volume By Plastic Bottles for the Period 2021-2031
- Historical Data and Forecast of Nigeria Groundnut Oil Market Revenues & Volume By Tins & Pouches for the Period 2021-2031
- Historical Data and Forecast of Nigeria Groundnut Oil Market Revenues & Volume By Distribution Channel for the Period 2021-2031
- Historical Data and Forecast of Nigeria Groundnut Oil Market Revenues & Volume By Supers for the Period 2021-2031
- Historical Data and Forecast of Nigeria Groundnut Oil Market Revenues & Volume By Online Retail for the Period 2021-2031
- Historical Data and Forecast of Nigeria Groundnut Oil Market Revenues & Volume By Convenience Stores for the Period 2021-2031
- Historical Data and Forecast of Nigeria Groundnut Oil Market Revenues & Volume By Consumer Type for the Period 2021-2031
- Historical Data and Forecast of Nigeria Groundnut Oil Market Revenues & Volume By Household for the Period 2021-2031
- Historical Data and Forecast of Nigeria Groundnut Oil Market Revenues & Volume By HoReCa for the Period 2021-2031
- Historical Data and Forecast of Nigeria Groundnut Oil Market Revenues & Volume By Commercial for the Period 2021-2031
- Nigeria Groundnut Oil Import Export Trade Statistics
- Market Opportunity Assessment By Type
- Market Opportunity Assessment By Extraction Method
- Market Opportunity Assessment By Packaging Type
- Market Opportunity Assessment By Distribution Channel
- Market Opportunity Assessment By Consumer Type
- Nigeria Groundnut Oil Top Companies Market Share
- Nigeria Groundnut Oil Competitive Benchmarking By Technical and Operational Parameters
- Nigeria Groundnut Oil Company Profiles
- Nigeria Groundnut Oil Key Strategic Recommendations
Frequently Asked Questions About the Market Study (FAQs):
6Wresearch actively monitors the Nigeria Groundnut Oil 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 Groundnut Oil 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 Groundnut Oil Market Overview |
3.1 Nigeria Country Macro Economic Indicators |
3.2 Nigeria Groundnut Oil Market Revenues & Volume, 2021 & 2031F |
3.3 Nigeria Groundnut Oil Market - Industry Life Cycle |
3.4 Nigeria Groundnut Oil Market - Porter's Five Forces |
3.5 Nigeria Groundnut Oil Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Nigeria Groundnut Oil Market Revenues & Volume Share, By Extraction Method, 2021 & 2031F |
3.7 Nigeria Groundnut Oil Market Revenues & Volume Share, By Packaging Type, 2021 & 2031F |
3.8 Nigeria Groundnut Oil Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
3.9 Nigeria Groundnut Oil Market Revenues & Volume Share, By Consumer Type, 2021 & 2031F |
4 Nigeria Groundnut Oil Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing consumer awareness about the health benefits of groundnut oil |
4.2.2 Growing demand for organic and natural food products |
4.2.3 Rise in disposable income leading to higher purchasing power |
4.3 Market Restraints |
4.3.1 Fluctuating prices of groundnuts impacting production costs |
4.3.2 Competition from other cooking oils like palm oil and sunflower oil |
4.3.3 Adverse weather conditions affecting groundnut cultivation |
5 Nigeria Groundnut Oil Market Trends |
6 Nigeria Groundnut Oil Market, By Types |
6.1 Nigeria Groundnut Oil Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Nigeria Groundnut Oil Market Revenues & Volume, By Type, 2021 - 2031F |
6.1.3 Nigeria Groundnut Oil Market Revenues & Volume, By Refined, 2021 - 2031F |
6.1.4 Nigeria Groundnut Oil Market Revenues & Volume, By Unrefined, 2021 - 2031F |
6.1.5 Nigeria Groundnut Oil Market Revenues & Volume, By Blended, 2021 - 2031F |
6.2 Nigeria Groundnut Oil Market, By Extraction Method |
6.2.1 Overview and Analysis |
6.2.2 Nigeria Groundnut Oil Market Revenues & Volume, By Cold-Pressed, 2021 - 2031F |
6.2.3 Nigeria Groundnut Oil Market Revenues & Volume, By Solvent-Extracted, 2021 - 2031F |
6.2.4 Nigeria Groundnut Oil Market Revenues & Volume, By Expeller-Pressed, 2021 - 2031F |
6.3 Nigeria Groundnut Oil Market, By Packaging Type |
6.3.1 Overview and Analysis |
6.3.2 Nigeria Groundnut Oil Market Revenues & Volume, By Glass Bottles, 2021 - 2031F |
6.3.3 Nigeria Groundnut Oil Market Revenues & Volume, By Plastic Bottles, 2021 - 2031F |
6.3.4 Nigeria Groundnut Oil Market Revenues & Volume, By Tins & Pouches, 2021 - 2031F |
6.4 Nigeria Groundnut Oil Market, By Distribution Channel |
6.4.1 Overview and Analysis |
6.4.2 Nigeria Groundnut Oil Market Revenues & Volume, By Supers, 2021 - 2031F |
6.4.3 Nigeria Groundnut Oil Market Revenues & Volume, By Online Retail, 2021 - 2031F |
6.4.4 Nigeria Groundnut Oil Market Revenues & Volume, By Convenience Stores, 2021 - 2031F |
6.5 Nigeria Groundnut Oil Market, By Consumer Type |
6.5.1 Overview and Analysis |
6.5.2 Nigeria Groundnut Oil Market Revenues & Volume, By Household, 2021 - 2031F |
6.5.3 Nigeria Groundnut Oil Market Revenues & Volume, By HoReCa, 2021 - 2031F |
6.5.4 Nigeria Groundnut Oil Market Revenues & Volume, By Commercial, 2021 - 2031F |
7 Nigeria Groundnut Oil Market Import-Export Trade Statistics |
7.1 Nigeria Groundnut Oil Market Export to Major Countries |
7.2 Nigeria Groundnut Oil Market Imports from Major Countries |
8 Nigeria Groundnut Oil Market Key Performance Indicators |
8.1 Percentage of households using groundnut oil for cooking |
8.2 Average selling price of groundnut oil in the market |
8.3 Number of new product launches in the groundnut oil segment |
8.4 Percentage of land allocated for groundnut cultivation in Nigeria |
8.5 Consumer satisfaction levels with the quality of groundnut oil available |
9 Nigeria Groundnut Oil Market - Opportunity Assessment |
9.1 Nigeria Groundnut Oil Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Nigeria Groundnut Oil Market Opportunity Assessment, By Extraction Method, 2021 & 2031F |
9.3 Nigeria Groundnut Oil Market Opportunity Assessment, By Packaging Type, 2021 & 2031F |
9.4 Nigeria Groundnut Oil Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
9.5 Nigeria Groundnut Oil Market Opportunity Assessment, By Consumer Type, 2021 & 2031F |
10 Nigeria Groundnut Oil Market - Competitive Landscape |
10.1 Nigeria Groundnut Oil Market Revenue Share, By Companies, 2024 |
10.2 Nigeria Groundnut Oil Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
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