| Product Code: ETC12699165 | 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 |
The import shipments of nootropics supplements to Nigeria in 2024 saw top exporting countries such as the USA, India, Metropolitan France, UK, and South Africa. The market concentration, measured by HHI, significantly increased from high to very high in just a year, indicating a more consolidated market landscape. Despite a negative Compound Annual Growth Rate (CAGR) of -8.0% from 2020 to 2024, the growth rate in 2024 alone plummeted by -24.78%. This suggests a challenging environment for the industry, potentially impacted by various factors influencing the demand for nootropics supplements in Nigeria.

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 Nootropics Supplement Market Overview |
3.1 Nigeria Country Macro Economic Indicators |
3.2 Nigeria Nootropics Supplement Market Revenues & Volume, 2021 & 2031F |
3.3 Nigeria Nootropics Supplement Market - Industry Life Cycle |
3.4 Nigeria Nootropics Supplement Market - Porter's Five Forces |
3.5 Nigeria Nootropics Supplement Market Revenues & Volume Share, By Technology Type, 2021 & 2031F |
3.6 Nigeria Nootropics Supplement Market Revenues & Volume Share, By Application Area, 2021 & 2031F |
3.7 Nigeria Nootropics Supplement Market Revenues & Volume Share, By End User, 2021 & 2031F |
3.8 Nigeria Nootropics Supplement Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
4 Nigeria Nootropics Supplement Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing awareness about mental health and cognitive enhancement |
4.2.2 Growing consumer interest in natural and herbal supplements |
4.2.3 Rising prevalence of stress and mental health issues in Nigeria |
4.3 Market Restraints |
4.3.1 Lack of regulations and quality control in the supplement industry |
4.3.2 Limited availability and access to nootropics in certain regions of Nigeria |
5 Nigeria Nootropics Supplement Market Trends |
6 Nigeria Nootropics Supplement Market, By Types |
6.1 Nigeria Nootropics Supplement Market, By Technology Type |
6.1.1 Overview and Analysis |
6.1.2 Nigeria Nootropics Supplement Market Revenues & Volume, By Technology Type, 2021 - 2031F |
6.1.3 Nigeria Nootropics Supplement Market Revenues & Volume, By Synthetic Nootropics, 2021 - 2031F |
6.1.4 Nigeria Nootropics Supplement Market Revenues & Volume, By Herbal Nootropics, 2021 - 2031F |
6.1.5 Nigeria Nootropics Supplement Market Revenues & Volume, By Amino Acid Nootropics, 2021 - 2031F |
6.2 Nigeria Nootropics Supplement Market, By Application Area |
6.2.1 Overview and Analysis |
6.2.2 Nigeria Nootropics Supplement Market Revenues & Volume, By Cognitive Enhancement, 2021 - 2031F |
6.2.3 Nigeria Nootropics Supplement Market Revenues & Volume, By Memory Enhancement, 2021 - 2031F |
6.2.4 Nigeria Nootropics Supplement Market Revenues & Volume, By Mood and Depression, 2021 - 2031F |
6.3 Nigeria Nootropics Supplement Market, By End User |
6.3.1 Overview and Analysis |
6.3.2 Nigeria Nootropics Supplement Market Revenues & Volume, By Students, 2021 - 2031F |
6.3.3 Nigeria Nootropics Supplement Market Revenues & Volume, By Professionals, 2021 - 2031F |
6.3.4 Nigeria Nootropics Supplement Market Revenues & Volume, By Elderly Population, 2021 - 2031F |
6.4 Nigeria Nootropics Supplement Market, By Product Type |
6.4.1 Overview and Analysis |
6.4.2 Nigeria Nootropics Supplement Market Revenues & Volume, By Capsules/Tablets, 2021 - 2031F |
6.4.3 Nigeria Nootropics Supplement Market Revenues & Volume, By Powder, 2021 - 2031F |
6.4.4 Nigeria Nootropics Supplement Market Revenues & Volume, By Liquid, 2021 - 2031F |
7 Nigeria Nootropics Supplement Market Import-Export Trade Statistics |
7.1 Nigeria Nootropics Supplement Market Export to Major Countries |
7.2 Nigeria Nootropics Supplement Market Imports from Major Countries |
8 Nigeria Nootropics Supplement Market Key Performance Indicators |
8.1 Consumer satisfaction and repeat purchase rate |
8.2 Number of new product launches and innovations in the market |
8.3 Growth in online searches and social media engagement for nootropics in Nigeria. |
9 Nigeria Nootropics Supplement Market - Opportunity Assessment |
9.1 Nigeria Nootropics Supplement Market Opportunity Assessment, By Technology Type, 2021 & 2031F |
9.2 Nigeria Nootropics Supplement Market Opportunity Assessment, By Application Area, 2021 & 2031F |
9.3 Nigeria Nootropics Supplement Market Opportunity Assessment, By End User, 2021 & 2031F |
9.4 Nigeria Nootropics Supplement Market Opportunity Assessment, By Product Type, 2021 & 2031F |
10 Nigeria Nootropics Supplement Market - Competitive Landscape |
10.1 Nigeria Nootropics Supplement Market Revenue Share, By Companies, 2024 |
10.2 Nigeria Nootropics Supplement Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |