| Product Code: ETC10605021 | Publication Date: Apr 2025 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Bhawna Singh | No. of Pages: 65 | No. of Figures: 34 | No. of Tables: 19 |
In 2024, Nigeria continued to import humic acid primarily from Spain, China, India, Belgium, and the USA. Despite a negative compound annual growth rate (CAGR) from 2020-24, the market experienced a significant growth spurt from 2023-24 with a growth rate of 54.55%. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market structure. This data suggests a dynamic landscape for humic acid imports into Nigeria, with potential opportunities for market players to explore in the coming years.

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 Humic Acid Market Overview |
3.1 Nigeria Country Macro Economic Indicators |
3.2 Nigeria Humic Acid Market Revenues & Volume, 2021 & 2031F |
3.3 Nigeria Humic Acid Market - Industry Life Cycle |
3.4 Nigeria Humic Acid Market - Porter's Five Forces |
3.5 Nigeria Humic Acid Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.6 Nigeria Humic Acid Market Revenues & Volume Share, By Form, 2021 & 2031F |
3.7 Nigeria Humic Acid Market Revenues & Volume Share, By Grade, 2021 & 2031F |
3.8 Nigeria Humic Acid Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 Nigeria Humic Acid Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing awareness about organic farming practices |
4.2.2 Growing demand for sustainable agricultural solutions |
4.2.3 Government initiatives promoting the use of organic fertilizers |
4.3 Market Restraints |
4.3.1 Lack of standardized regulations for humic acid products |
4.3.2 Limited availability of high-quality humic acid products in the market |
5 Nigeria Humic Acid Market Trends |
6 Nigeria Humic Acid Market, By Types |
6.1 Nigeria Humic Acid Market, By Application |
6.1.1 Overview and Analysis |
6.1.2 Nigeria Humic Acid Market Revenues & Volume, By Application, 2021 - 2031F |
6.1.3 Nigeria Humic Acid Market Revenues & Volume, By Agriculture, 2021 - 2031F |
6.1.4 Nigeria Humic Acid Market Revenues & Volume, By Animal Feed, 2021 - 2031F |
6.1.5 Nigeria Humic Acid Market Revenues & Volume, By Pharmaceuticals, 2021 - 2031F |
6.1.6 Nigeria Humic Acid Market Revenues & Volume, By Horticulture (Gardening), 2021 - 2031F |
6.1.7 Nigeria Humic Acid Market Revenues & Volume, By Dietary Supplements, 2021 - 2031F |
6.1.8 Nigeria Humic Acid Market Revenues & Volume, By Others, 2021 - 2029F |
6.2 Nigeria Humic Acid Market, By Form |
6.2.1 Overview and Analysis |
6.2.2 Nigeria Humic Acid Market Revenues & Volume, By Powdered, 2021 - 2031F |
6.2.3 Nigeria Humic Acid Market Revenues & Volume, By Granular, 2021 - 2031F |
6.2.4 Nigeria Humic Acid Market Revenues & Volume, By Liquid, 2021 - 2031F |
6.3 Nigeria Humic Acid Market, By Grade |
6.3.1 Overview and Analysis |
6.3.2 Nigeria Humic Acid Market Revenues & Volume, By Technical Grade, 2021 - 2031F |
6.3.3 Nigeria Humic Acid Market Revenues & Volume, By Food Grade, 2021 - 2031F |
6.3.4 Nigeria Humic Acid Market Revenues & Volume, By Biotech Grade, 2021 - 2031F |
6.3.5 Nigeria Humic Acid Market Revenues & Volume, By Others, 2021 - 2031F |
6.4 Nigeria Humic Acid Market, By Distribution Channel |
6.4.1 Overview and Analysis |
6.4.2 Nigeria Humic Acid Market Revenues & Volume, By Offline, 2021 - 2031F |
6.4.3 Nigeria Humic Acid Market Revenues & Volume, By Online, 2021 - 2031F |
7 Nigeria Humic Acid Market Import-Export Trade Statistics |
7.1 Nigeria Humic Acid Market Export to Major Countries |
7.2 Nigeria Humic Acid Market Imports from Major Countries |
8 Nigeria Humic Acid Market Key Performance Indicators |
8.1 Soil health improvement rate |
8.2 Adoption rate of humic acid products by farmers |
8.3 Growth rate of organic farming practices in Nigeria |
9 Nigeria Humic Acid Market - Opportunity Assessment |
9.1 Nigeria Humic Acid Market Opportunity Assessment, By Application, 2021 & 2031F |
9.2 Nigeria Humic Acid Market Opportunity Assessment, By Form, 2021 & 2031F |
9.3 Nigeria Humic Acid Market Opportunity Assessment, By Grade, 2021 & 2031F |
9.4 Nigeria Humic Acid Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
10 Nigeria Humic Acid Market - Competitive Landscape |
10.1 Nigeria Humic Acid Market Revenue Share, By Companies, 2024 |
10.2 Nigeria Humic Acid Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |