| Product Code: ETC12535773 | Publication Date: Apr 2025 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sachin Kumar Rai | No. of Pages: 65 | No. of Figures: 34 | No. of Tables: 19 |
Despite a decline in the growth rate of lima beans imports to Nigeria in 2024, the market remains concentrated with top exporters like China, South Africa, India, UK, and Belgium dominating the trade. The high Herfindahl-Hirschman Index (HHI) indicates significant market concentration. The negative Compound Annual Growth Rate (CAGR) from 2020-24 at -24.25% and a sharp decline in the growth rate from 2023-24 at -76.93% suggest a challenging landscape for lima beans importers in Nigeria, possibly impacted by various factors such as economic conditions, trade policies, or consumer preferences.

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 Lima Beans Market Overview |
3.1 Nigeria Country Macro Economic Indicators |
3.2 Nigeria Lima Beans Market Revenues & Volume, 2021 & 2031F |
3.3 Nigeria Lima Beans Market - Industry Life Cycle |
3.4 Nigeria Lima Beans Market - Porter's Five Forces |
3.5 Nigeria Lima Beans Market Revenues & Volume Share, By Technology Type, 2021 & 2031F |
3.6 Nigeria Lima Beans Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 Nigeria Lima Beans Market Revenues & Volume Share, By End User, 2021 & 2031F |
3.8 Nigeria Lima Beans Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
4 Nigeria Lima Beans Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing health consciousness and demand for plant-based protein sources |
4.2.2 Growing awareness about the nutritional benefits of lima beans |
4.2.3 Government initiatives promoting agriculture and supporting local farmers |
4.3 Market Restraints |
4.3.1 Price fluctuations in the agricultural market |
4.3.2 Seasonal variations affecting the supply of lima beans |
4.3.3 Competition from other legumes and protein sources |
5 Nigeria Lima Beans Market Trends |
6 Nigeria Lima Beans Market, By Types |
6.1 Nigeria Lima Beans Market, By Technology Type |
6.1.1 Overview and Analysis |
6.1.2 Nigeria Lima Beans Market Revenues & Volume, By Technology Type, 2021 - 2031F |
6.1.3 Nigeria Lima Beans Market Revenues & Volume, By Organic Farming, 2021 - 2031F |
6.1.4 Nigeria Lima Beans Market Revenues & Volume, By Conventional Farming, 2021 - 2031F |
6.2 Nigeria Lima Beans Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Nigeria Lima Beans Market Revenues & Volume, By Culinary Uses, 2021 - 2031F |
6.2.3 Nigeria Lima Beans Market Revenues & Volume, By Food Processing, 2021 - 2031F |
6.2.4 Nigeria Lima Beans Market Revenues & Volume, By Animal Feed, 2021 - 2031F |
6.2.5 Nigeria Lima Beans Market Revenues & Volume, By Agricultural Seed, 2021 - 2031F |
6.3 Nigeria Lima Beans Market, By End User |
6.3.1 Overview and Analysis |
6.3.2 Nigeria Lima Beans Market Revenues & Volume, By Households, 2021 - 2031F |
6.3.3 Nigeria Lima Beans Market Revenues & Volume, By Food Manufacturers, 2021 - 2031F |
6.3.4 Nigeria Lima Beans Market Revenues & Volume, By Livestock Farmers, 2021 - 2031F |
6.3.5 Nigeria Lima Beans Market Revenues & Volume, By Farmers, 2021 - 2031F |
6.4 Nigeria Lima Beans Market, By Product Type |
6.4.1 Overview and Analysis |
6.4.2 Nigeria Lima Beans Market Revenues & Volume, By Dried Lima Beans, 2021 - 2031F |
6.4.3 Nigeria Lima Beans Market Revenues & Volume, By Canned Lima Beans, 2021 - 2031F |
6.4.4 Nigeria Lima Beans Market Revenues & Volume, By Frozen Lima Beans, 2021 - 2031F |
6.4.5 Nigeria Lima Beans Market Revenues & Volume, By Fresh Lima Beans, 2021 - 2031F |
7 Nigeria Lima Beans Market Import-Export Trade Statistics |
7.1 Nigeria Lima Beans Market Export to Major Countries |
7.2 Nigeria Lima Beans Market Imports from Major Countries |
8 Nigeria Lima Beans Market Key Performance Indicators |
8.1 Average selling price of lima beans in the market |
8.2 Number of new product developments or innovations in lima bean processing |
8.3 Percentage of agricultural land dedicated to lima bean cultivation |
8.4 Consumer awareness and perception of lima beans as a healthy food option |
8.5 Adoption rate of sustainable farming practices in lima bean cultivation |
9 Nigeria Lima Beans Market - Opportunity Assessment |
9.1 Nigeria Lima Beans Market Opportunity Assessment, By Technology Type, 2021 & 2031F |
9.2 Nigeria Lima Beans Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 Nigeria Lima Beans Market Opportunity Assessment, By End User, 2021 & 2031F |
9.4 Nigeria Lima Beans Market Opportunity Assessment, By Product Type, 2021 & 2031F |
10 Nigeria Lima Beans Market - Competitive Landscape |
10.1 Nigeria Lima Beans Market Revenue Share, By Companies, 2024 |
10.2 Nigeria Lima Beans Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
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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