Oilseeds in Nigeria
Summary
Oilseeds in Nigeria industry profile provides top-line qualitative and quantitative summary information including: market size (value 2019-23, and forecast to 2028). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- Oilseeds are predominantly cultivated to obtain edible oils from their seeds. Oil can be obtained from Oilseeds by employing both mechanical and solvent-based extraction methods. Oilseeds are used in a variety of applications, including edible oils, animal feed, and industrial uses (biofuels). Both conventional and genetically modified oilseeds are within our scope.
- The Nigerian oilseeds market recorded revenues of $724.1 million in 2023, representing a compound annual growth rate (CAGR) of 1.1% between 2018 and 2023.
- The soybean segment accounted for the market's largest proportion in 2023, with total revenues of $183.5 million, equivalent to 25.3% of the market's overall value.
- The real GDP annual growth rate of Nigeria in 2023 stood at 2.5%, as per the most recent data analyzed by GlobalData from the National Bureau of Statistics, Nigeria & the World Bank.
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the oilseeds market in Nigeria
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the oilseeds market in Nigeria
- Leading company profiles reveal details of key oilseeds market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Nigeria oilseeds market with five year forecasts
- What was the size of the Nigeria oilseeds market by value in 2023?
- What will be the size of the Nigeria oilseeds market in 2028?
- What factors are affecting the strength of competition in the Nigeria oilseeds market?
- How has the market performed over the last five years?
- What are the main segments that make up Nigeria's oilseeds market?
- 1 Executive Summary
- 1.1. Market value
- 1.2. Market value forecast
- 1.3. Category segmentation
- 1.4. Geography segmentation
- 1.5. Market rivalry
- 1.6. Competitive landscape
- 2 Market Overview
- 2.1. Market definition
- 2.2. Market analysis
- 3 Market Data
- 3.1. Market value
- 4 Market Segmentation
- 4.1. Category segmentation
- 4.2. Geography segmentation
- 5 Market Outlook
- 5.1. Market value forecast
- 6 Five Forces Analysis
- 6.1. Summary
- 6.2. Buyer power
- 6.3. Supplier power
- 6.4. New entrants
- 6.5. Threat of substitutes
- 6.6. Degree of rivalry
- 7 Competitive Landscape
- 7.1. Who are the leading players?
- 7.2. What are the strategies of the leading players?
- 7.3. What have been the recent developments in the oilseeds market?
- 8 Company Profiles
- 8.1. Presco Plc
- 8.2. Cargill, Incorporated
- 8.3. Syngenta AG
- 9 Macroeconomic Indicators
- 9.1. Country data
- 10 Appendix
- 10.1. Methodology
- 10.2. Industry associations
- About GlobalData
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