| Product Code: ETC8638761 | 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 |
In 2024, Nigeria continued to heavily rely on yeast and yeast ingredients imports, with top exporters being China, Metropolitan France, Netherlands, India, and Mexico. Despite a concerning trend of high concentration indicated by the Herfindahl-Hirschman Index (HHI), the compound annual growth rate (CAGR) from 2020 to 2024 decreased significantly by -24.6%. Moreover, the growth rate for 2023 to 2024 saw a steep decline of -34.84%, reflecting challenges in the market. Stakeholders should closely monitor these dynamics and adapt strategies to navigate the evolving landscape of yeast imports 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 Yeast and Yeast Ingredients Market Overview |
3.1 Nigeria Country Macro Economic Indicators |
3.2 Nigeria Yeast and Yeast Ingredients Market Revenues & Volume, 2021 & 2031F |
3.3 Nigeria Yeast and Yeast Ingredients Market - Industry Life Cycle |
3.4 Nigeria Yeast and Yeast Ingredients Market - Porter's Five Forces |
3.5 Nigeria Yeast and Yeast Ingredients Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Nigeria Yeast and Yeast Ingredients Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Nigeria Yeast and Yeast Ingredients Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for convenience foods and baked products in Nigeria |
4.2.2 Growing awareness about the health benefits of yeast and yeast ingredients |
4.2.3 Expansion of food processing industry in Nigeria |
4.3 Market Restraints |
4.3.1 Fluctuating prices of raw materials used in yeast production |
4.3.2 Lack of awareness about the applications and benefits of yeast and yeast ingredients |
4.3.3 Limited availability of skilled labor in yeast processing industry in Nigeria |
5 Nigeria Yeast and Yeast Ingredients Market Trends |
6 Nigeria Yeast and Yeast Ingredients Market, By Types |
6.1 Nigeria Yeast and Yeast Ingredients Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Nigeria Yeast and Yeast Ingredients Market Revenues & Volume, By Type, 2021- 2031F |
6.1.3 Nigeria Yeast and Yeast Ingredients Market Revenues & Volume, By Yeast Extracts, 2021- 2031F |
6.1.4 Nigeria Yeast and Yeast Ingredients Market Revenues & Volume, By Yeast Autolysates, 2021- 2031F |
6.1.5 Nigeria Yeast and Yeast Ingredients Market Revenues & Volume, By Yeast Beta-Glucan, 2021- 2031F |
6.1.6 Nigeria Yeast and Yeast Ingredients Market Revenues & Volume, By Yeast Derivatives, 2021- 2031F |
6.2 Nigeria Yeast and Yeast Ingredients Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Nigeria Yeast and Yeast Ingredients Market Revenues & Volume, By Food & Beverages (Food and Beverages, Bakery & Confectionery and Other Food and Beverages), 2021- 2031F |
6.2.3 Nigeria Yeast and Yeast Ingredients Market Revenues & Volume, By Pharmaceuticals (Feed & Pet Food and Other Application), 2021- 2031F |
7 Nigeria Yeast and Yeast Ingredients Market Import-Export Trade Statistics |
7.1 Nigeria Yeast and Yeast Ingredients Market Export to Major Countries |
7.2 Nigeria Yeast and Yeast Ingredients Market Imports from Major Countries |
8 Nigeria Yeast and Yeast Ingredients Market Key Performance Indicators |
8.1 Percentage increase in the number of new product launches containing yeast or yeast ingredients in Nigeria |
8.2 Growth in the number of partnerships and collaborations between yeast manufacturers and food processors in Nigeria |
8.3 Increase in the adoption of innovative yeast production technologies in the Nigerian market |
9 Nigeria Yeast and Yeast Ingredients Market - Opportunity Assessment |
9.1 Nigeria Yeast and Yeast Ingredients Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Nigeria Yeast and Yeast Ingredients Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Nigeria Yeast and Yeast Ingredients Market - Competitive Landscape |
10.1 Nigeria Yeast and Yeast Ingredients Market Revenue Share, By Companies, 2024 |
10.2 Nigeria Yeast and Yeast Ingredients Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |