| Product Code: ETC10686813 | 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 |
The import shipments of Omega-3 products in Nigeria have seen a significant shift in concentration levels from high to very high in 2024, indicating a more focused market. Despite a negative compound annual growth rate (CAGR) of -8.0% from 2020 to 2024, the market experienced a steep decline in growth rate of -24.78% from 2023 to 2024. The top exporting countries to Nigeria in 2024 include the USA, India, Metropolitan France, UK, and South Africa, showcasing a diverse range of sources for Omega-3 products entering the Nigerian market.

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 Omega 3 Product Market Overview |
3.1 Nigeria Country Macro Economic Indicators |
3.2 Nigeria Omega 3 Product Market Revenues & Volume, 2021 & 2031F |
3.3 Nigeria Omega 3 Product Market - Industry Life Cycle |
3.4 Nigeria Omega 3 Product Market - Porter's Five Forces |
3.5 Nigeria Omega 3 Product Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Nigeria Omega 3 Product Market Revenues & Volume Share, By Source, 2021 & 2031F |
3.7 Nigeria Omega 3 Product Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.8 Nigeria Omega 3 Product Market Revenues & Volume Share, By End-Use, 2021 & 2031F |
4 Nigeria Omega 3 Product Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing awareness about the health benefits of omega-3 fatty acids |
4.2.2 Growing consumer demand for dietary supplements and functional foods |
4.2.3 Rising prevalence of chronic diseases such as cardiovascular disorders in Nigeria |
4.3 Market Restraints |
4.3.1 High cost of omega-3 products compared to other dietary supplements |
4.3.2 Limited availability of quality omega-3 products in the market |
4.3.3 Lack of consumer education and understanding about the importance of omega-3 intake |
5 Nigeria Omega 3 Product Market Trends |
6 Nigeria Omega 3 Product Market, By Types |
6.1 Nigeria Omega 3 Product Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Nigeria Omega 3 Product Market Revenues & Volume, By Type, 2021 - 2031F |
6.1.3 Nigeria Omega 3 Product Market Revenues & Volume, By Softgels, 2021 - 2031F |
6.1.4 Nigeria Omega 3 Product Market Revenues & Volume, By Capsules, 2021 - 2031F |
6.1.5 Nigeria Omega 3 Product Market Revenues & Volume, By Gummies, 2021 - 2031F |
6.1.6 Nigeria Omega 3 Product Market Revenues & Volume, By Liquid, 2021 - 2031F |
6.2 Nigeria Omega 3 Product Market, By Source |
6.2.1 Overview and Analysis |
6.2.2 Nigeria Omega 3 Product Market Revenues & Volume, By Fish Oil, 2021 - 2031F |
6.2.3 Nigeria Omega 3 Product Market Revenues & Volume, By Algae Oil, 2021 - 2031F |
6.2.4 Nigeria Omega 3 Product Market Revenues & Volume, By Flaxseed, 2021 - 2031F |
6.2.5 Nigeria Omega 3 Product Market Revenues & Volume, By Krill Oil, 2021 - 2031F |
6.3 Nigeria Omega 3 Product Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Nigeria Omega 3 Product Market Revenues & Volume, By Nutraceuticals, 2021 - 2031F |
6.3.3 Nigeria Omega 3 Product Market Revenues & Volume, By Pharmaceutical, 2021 - 2031F |
6.3.4 Nigeria Omega 3 Product Market Revenues & Volume, By Infant Nutrition, 2021 - 2031F |
6.3.5 Nigeria Omega 3 Product Market Revenues & Volume, By Functional Foods, 2021 - 2031F |
6.4 Nigeria Omega 3 Product Market, By End-Use |
6.4.1 Overview and Analysis |
6.4.2 Nigeria Omega 3 Product Market Revenues & Volume, By Food & Beverages, 2021 - 2031F |
6.4.3 Nigeria Omega 3 Product Market Revenues & Volume, By Healthcare, 2021 - 2031F |
6.4.4 Nigeria Omega 3 Product Market Revenues & Volume, By Pharmaceuticals, 2021 - 2031F |
6.4.5 Nigeria Omega 3 Product Market Revenues & Volume, By Animal Nutrition, 2021 - 2031F |
7 Nigeria Omega 3 Product Market Import-Export Trade Statistics |
7.1 Nigeria Omega 3 Product Market Export to Major Countries |
7.2 Nigeria Omega 3 Product Market Imports from Major Countries |
8 Nigeria Omega 3 Product Market Key Performance Indicators |
8.1 Percentage increase in the number of health and wellness publications promoting omega-3 benefits |
8.2 Number of new product launches in the omega-3 segment in Nigeria |
8.3 Growth in the number of health clinics or practitioners recommending omega-3 supplements |
8.4 Percentage increase in the consumption of omega-3 fortified foods in Nigeria |
8.5 Improvement in the overall diet quality of the Nigerian population as measured by surveys or studies |
9 Nigeria Omega 3 Product Market - Opportunity Assessment |
9.1 Nigeria Omega 3 Product Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Nigeria Omega 3 Product Market Opportunity Assessment, By Source, 2021 & 2031F |
9.3 Nigeria Omega 3 Product Market Opportunity Assessment, By Application, 2021 & 2031F |
9.4 Nigeria Omega 3 Product Market Opportunity Assessment, By End-Use, 2021 & 2031F |
10 Nigeria Omega 3 Product Market - Competitive Landscape |
10.1 Nigeria Omega 3 Product Market Revenue Share, By Companies, 2024 |
10.2 Nigeria Omega 3 Product 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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