| Product Code: ETC8634427 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Dhaval Chaurasia | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
Despite a decline in growth rate from 2023 to 2024, Nigeria`s rice bran oil processing plant import shipments continued to show high concentration among top exporting countries such as China, South Korea, India, UK, and Belgium. The high Herfindahl-Hirschman Index (HHI) in 2023 indicated a concentrated market, which slightly decreased in 2024. With a significant negative compound annual growth rate (CAGR) of -42.98% from 2020 to 2024, it is essential for stakeholders to closely monitor market dynamics and potential factors contributing to the fluctuating import trends in the Nigerian rice bran oil processing industry.

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 Rice Bran Oil Processing Plant Market Overview |
3.1 Nigeria Country Macro Economic Indicators |
3.2 Nigeria Rice Bran Oil Processing Plant Market Revenues & Volume, 2021 & 2031F |
3.3 Nigeria Rice Bran Oil Processing Plant Market - Industry Life Cycle |
3.4 Nigeria Rice Bran Oil Processing Plant Market - Porter's Five Forces |
3.5 Nigeria Rice Bran Oil Processing Plant Market Revenues & Volume Share, By End-Use, 2021 & 2031F |
4 Nigeria Rice Bran Oil Processing Plant Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing health consciousness among consumers leading to a growing demand for healthier cooking oils. |
4.2.2 Government initiatives promoting local production and processing of agricultural products like rice bran oil. |
4.2.3 Rising awareness about the benefits of rice bran oil such as high smoke point and cholesterol-lowering properties. |
4.3 Market Restraints |
4.3.1 Fluctuating prices of raw materials like rice bran impacting the cost of production. |
4.3.2 Lack of advanced technology and infrastructure for efficient processing and extraction of rice bran oil. |
4.3.3 Competition from other cooking oils in the market affecting market penetration. |
5 Nigeria Rice Bran Oil Processing Plant Market Trends |
6 Nigeria Rice Bran Oil Processing Plant Market, By Types |
6.1 Nigeria Rice Bran Oil Processing Plant Market, By End-Use |
6.1.1 Overview and Analysis |
6.1.2 Nigeria Rice Bran Oil Processing Plant Market Revenues & Volume, By End-Use, 2021- 2031F |
6.1.3 Nigeria Rice Bran Oil Processing Plant Market Revenues & Volume, By Edible, 2021- 2031F |
6.1.4 Nigeria Rice Bran Oil Processing Plant Market Revenues & Volume, By Industrial, 2021- 2031F |
7 Nigeria Rice Bran Oil Processing Plant Market Import-Export Trade Statistics |
7.1 Nigeria Rice Bran Oil Processing Plant Market Export to Major Countries |
7.2 Nigeria Rice Bran Oil Processing Plant Market Imports from Major Countries |
8 Nigeria Rice Bran Oil Processing Plant Market Key Performance Indicators |
8.1 Efficiency of processing plant operations. |
8.2 Percentage of locally sourced raw materials used in production. |
8.3 Adoption rate of advanced technology in processing plants. |
8.4 Quality control measures implemented in the processing plant. |
8.5 Consumer awareness and perception of rice bran oil as a healthy cooking oil. |
9 Nigeria Rice Bran Oil Processing Plant Market - Opportunity Assessment |
9.1 Nigeria Rice Bran Oil Processing Plant Market Opportunity Assessment, By End-Use, 2021 & 2031F |
10 Nigeria Rice Bran Oil Processing Plant Market - Competitive Landscape |
10.1 Nigeria Rice Bran Oil Processing Plant Market Revenue Share, By Companies, 2024 |
10.2 Nigeria Rice Bran Oil Processing Plant Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |