| Product Code: ETC8630662 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
Despite a steep decline in growth rate in 2024, Nigeria continues to import significant amounts of nut-based spreads from top exporting countries such as Argentina, China, Brazil, UK, and Czechia. The high concentration levels, as indicated by the Herfindahl-Hirschman Index (HHI), suggest a market dominated by a few key players. The negative compound annual growth rate (CAGR) from 2020 to 2024 highlights challenges in the market, possibly due to economic factors or changing consumer preferences. It will be interesting to monitor how these trends evolve in the coming years and their impact on the nut-based spread industry 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 Nut-Based Spreads Market Overview |
3.1 Nigeria Country Macro Economic Indicators |
3.2 Nigeria Nut-Based Spreads Market Revenues & Volume, 2021 & 2031F |
3.3 Nigeria Nut-Based Spreads Market - Industry Life Cycle |
3.4 Nigeria Nut-Based Spreads Market - Porter's Five Forces |
3.5 Nigeria Nut-Based Spreads Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Nigeria Nut-Based Spreads Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 Nigeria Nut-Based Spreads Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing consumer awareness about the health benefits of nut-based spreads |
4.2.2 Growing demand for natural and organic food products |
4.2.3 Rising disposable incomes leading to higher spending on premium food items |
4.3 Market Restraints |
4.3.1 Price sensitivity among consumers |
4.3.2 Limited availability of raw materials leading to supply chain challenges |
4.3.3 Competition from other spreads like chocolate spreads or fruit preserves |
5 Nigeria Nut-Based Spreads Market Trends |
6 Nigeria Nut-Based Spreads Market, By Types |
6.1 Nigeria Nut-Based Spreads Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Nigeria Nut-Based Spreads Market Revenues & Volume, By Product Type, 2021- 2031F |
6.1.3 Nigeria Nut-Based Spreads Market Revenues & Volume, By Peanut Based Spreads, 2021- 2031F |
6.1.4 Nigeria Nut-Based Spreads Market Revenues & Volume, By Hazelnut Based Spreads, 2021- 2031F |
6.1.5 Nigeria Nut-Based Spreads Market Revenues & Volume, By Almond Based Spreads, 2021- 2031F |
6.1.6 Nigeria Nut-Based Spreads Market Revenues & Volume, By Walnut Based Spreads, 2021- 2031F |
6.1.7 Nigeria Nut-Based Spreads Market Revenues & Volume, By Others, 2021- 2031F |
6.2 Nigeria Nut-Based Spreads Market, By Distribution Channel |
6.2.1 Overview and Analysis |
6.2.2 Nigeria Nut-Based Spreads Market Revenues & Volume, By Supermarkets/Hypermarkets, 2021- 2031F |
6.2.3 Nigeria Nut-Based Spreads Market Revenues & Volume, By Convenience Stores, 2021- 2031F |
6.2.4 Nigeria Nut-Based Spreads Market Revenues & Volume, By Online Retail Stores, 2021- 2031F |
6.2.5 Nigeria Nut-Based Spreads Market Revenues & Volume, By Other Distribution Channels, 2021- 2031F |
7 Nigeria Nut-Based Spreads Market Import-Export Trade Statistics |
7.1 Nigeria Nut-Based Spreads Market Export to Major Countries |
7.2 Nigeria Nut-Based Spreads Market Imports from Major Countries |
8 Nigeria Nut-Based Spreads Market Key Performance Indicators |
8.1 Nutritional content improvement in nut-based spreads |
8.2 Number of new product launches in the nut-based spreads segment |
8.3 Growth in the number of distribution channels offering nut-based spreads |
9 Nigeria Nut-Based Spreads Market - Opportunity Assessment |
9.1 Nigeria Nut-Based Spreads Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Nigeria Nut-Based Spreads Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
10 Nigeria Nut-Based Spreads Market - Competitive Landscape |
10.1 Nigeria Nut-Based Spreads Market Revenue Share, By Companies, 2024 |
10.2 Nigeria Nut-Based Spreads 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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