| Product Code: ETC8637783 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sumit Sagar | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
Despite a decline in the CAGR and a significant drop in growth rate from 2023 to 2024, Nigeria`s vegetable shortening import market continued to be dominated by a few key players. Indonesia, China, Malaysia, Denmark, and India maintained their position as the top exporters to Nigeria in 2024. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market, potentially leading to challenges in terms of competition and pricing. It will be crucial for stakeholders to closely monitor market dynamics and adapt their strategies to navigate the evolving landscape.

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 Vegetable Shortening Market Overview |
3.1 Nigeria Country Macro Economic Indicators |
3.2 Nigeria Vegetable Shortening Market Revenues & Volume, 2021 & 2031F |
3.3 Nigeria Vegetable Shortening Market - Industry Life Cycle |
3.4 Nigeria Vegetable Shortening Market - Porter's Five Forces |
3.5 Nigeria Vegetable Shortening Market Revenues & Volume Share, By Form, 2021 & 2031F |
3.6 Nigeria Vegetable Shortening Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Nigeria Vegetable Shortening Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing consumer awareness about the health benefits of vegetable shortening |
4.2.2 Growth in the food processing industry in Nigeria |
4.2.3 Rising demand for convenience foods and baked goods |
4.3 Market Restraints |
4.3.1 Fluctuating prices of raw materials like soybean oil |
4.3.2 Competition from alternative products such as palm oil and butter |
4.3.3 Regulatory challenges related to food safety and labeling requirements |
5 Nigeria Vegetable Shortening Market Trends |
6 Nigeria Vegetable Shortening Market, By Types |
6.1 Nigeria Vegetable Shortening Market, By Form |
6.1.1 Overview and Analysis |
6.1.2 Nigeria Vegetable Shortening Market Revenues & Volume, By Form, 2021- 2031F |
6.1.3 Nigeria Vegetable Shortening Market Revenues & Volume, By Dry, 2021- 2031F |
6.1.4 Nigeria Vegetable Shortening Market Revenues & Volume, By Liquid, 2021- 2031F |
6.2 Nigeria Vegetable Shortening Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Nigeria Vegetable Shortening Market Revenues & Volume, By Bakery and Confectionery, 2021- 2031F |
6.2.3 Nigeria Vegetable Shortening Market Revenues & Volume, By Sweet and Savory Snacks, 2021- 2031F |
6.2.4 Nigeria Vegetable Shortening Market Revenues & Volume, By Others, 2021- 2031F |
7 Nigeria Vegetable Shortening Market Import-Export Trade Statistics |
7.1 Nigeria Vegetable Shortening Market Export to Major Countries |
7.2 Nigeria Vegetable Shortening Market Imports from Major Countries |
8 Nigeria Vegetable Shortening Market Key Performance Indicators |
8.1 Percentage increase in the number of food processing companies using vegetable shortening |
8.2 Growth in the per capita consumption of baked goods and convenience foods |
8.3 Number of new product launches in the vegetable shortening market with health-focused positioning |
9 Nigeria Vegetable Shortening Market - Opportunity Assessment |
9.1 Nigeria Vegetable Shortening Market Opportunity Assessment, By Form, 2021 & 2031F |
9.2 Nigeria Vegetable Shortening Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Nigeria Vegetable Shortening Market - Competitive Landscape |
10.1 Nigeria Vegetable Shortening Market Revenue Share, By Companies, 2024 |
10.2 Nigeria Vegetable Shortening Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |