Nigeria Agricultural Products Market Summary, Competitive Analysis and Forecast to 2027
Summary
Agricultural Products in Nigeria industry profile provides top-line qualitative and quantitative summary information including: market size (value 2017-22, and forecast to 2027). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- The agricultural products industry consists of the production of Cereals (such as wheat, rice, barley etc.), Nuts (almonds, hazelnuts, pistachios etc.), Oil crops (cottonseed, groundnuts, olives etc.), Spices & Stimulants (coffee, hops, dry chilies etc.), Sugar (sugar cane, sugar beet etc.), Pulses (beans, peas, lentils etc.), Roots & Tubers (Potatoes, sweet potatoes, cassava etc.), Vegetables (cabbages, tomatoes, onions etc.), and Fruit (bananas, citrus fruits, berries etc.)
- The Nigerian agricultural products market is expected to generate total revenues of $44.0 billion in 2022, representing a compound annual growth rate (CAGR) of 11.9% between 2017 and 2022.
- Market production volume is forecast to increase with a CAGR of 2.2% between 2017 and 2022, to reach a total of 99.6 million tonnes in 2022.
- Agriculture funding falls short of Nigeria’s Maputo Declaration, which aimed to allocate 10% of annual national budget to the agriculture sector.
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the agricultural products market in Nigeria
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the agricultural products market in Nigeria
- Leading company profiles reveal details of key agricultural products market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Nigeria agricultural products market with five year forecasts
- What was the size of the Nigeria agricultural products market by value in 2022?
- What will be the size of the Nigeria agricultural products market in 2027?
- What factors are affecting the strength of competition in the Nigeria agricultural products market?
- How has the market performed over the last five years?
- What are the main segments that make up Nigeria's agricultural products market?
- 1 Executive Summary
- 1.1. Market value
- 1.2. Market value forecast
- 1.3. Market volume
- 1.4. Market volume forecast
- 1.5. Category segmentation
- 1.6. Geography segmentation
- 1.7. Market rivalry
- 1.8. Competitive landscape
- 2 Market Overview
- 2.1. Market definition
- 2.2. Market analysis
- 3 Market Data
- 3.1. Market value
- 3.2. Market volume
- 4 Market Segmentation
- 4.1. Category segmentation
- 4.2. Geography segmentation
- 5 Market Outlook
- 5.1. Market value forecast
- 5.2. Market volume 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 strategies do leading players follow?
- 8 Company Profiles
- 8.1. Dangote Sugar Refinery Plc
- 8.2. Theobroma BV
- 8.3. FTN Cocoa Processors Plc
- 8.4. Flour Mills of Nigeria Plc
- 9 Macroeconomic Indicators
- 9.1. Country data
- 10 Appendix
- 10.1. Methodology
- 10.2. Industry associations
- 10.3. Related MarketLine research
- 10.4. About MarketLine
- List of Tables
- Table 1: Nigeria agricultural products market value: $ billion, 2017-22(e)
- Table 2: Nigeria agricultural products market volume: million tonnes, 2017-22(e)
- Table 3: Nigeria agricultural products market category segmentation: % share, by value, 2017-2022(e)
- Table 4: Nigeria agricultural products market category segmentation: $ billion, 2017-2022
- Table 5: Nigeria agricultural products market geography segmentation: $ billion, 2022(e)
- Table 6: Nigeria agricultural products market value forecast: $ billion, 2022-27
- Table 7: Nigeria agricultural products market volume forecast: million tonnes, 2022-27
- Table 8: Dangote Sugar Refinery Plc: key facts
- Table 9: Dangote Sugar Refinery Plc: Annual Financial Ratios
- Table 10: Dangote Sugar Refinery Plc: Key Employees
- Table 11: Theobroma BV: key facts
- Table 12: FTN Cocoa Processors Plc: key facts
- Table 13: FTN Cocoa Processors Plc: Annual Financial Ratios
- Table 14: FTN Cocoa Processors Plc: Key Employees
- Table 15: Flour Mills of Nigeria Plc: key facts
- Table 16: Flour Mills of Nigeria Plc: Annual Financial Ratios
- Table 17: Flour Mills of Nigeria Plc: Key Employees
- Table 18: Flour Mills of Nigeria Plc: Key Employees Continued
- Table 19: Nigeria size of population (million), 2018-22
- Table 20: Nigeria gdp (constant 2005 prices, $ billion), 2018-22
- Table 21: Nigeria gdp (current prices, $ billion), 2018-22
- Table 22: Nigeria inflation, 2018-22
- Table 23: Nigeria consumer price index (absolute), 2018-22
- Table 24: Nigeria exchange rate, 2017-21
- List of Figures
- Figure 1: Nigeria agricultural products market value: $ billion, 2017-22(e)
- Figure 2: Nigeria agricultural products market volume: million tonnes, 2017-22(e)
- Figure 3: Nigeria agricultural products market category segmentation: $ billion, 2017-2022
- Figure 4: Nigeria agricultural products market geography segmentation: % share, by value, 2022(e)
- Figure 5: Nigeria agricultural products market value forecast: $ billion, 2022-27
- Figure 6: Nigeria agricultural products market volume forecast: million tonnes, 2022-27
- Figure 7: Forces driving competition in the agricultural products market in Nigeria, 2022
- Figure 8: Drivers of buyer power in the agricultural products market in Nigeria, 2022
- Figure 9: Drivers of supplier power in the agricultural products market in Nigeria, 2022
- Figure 10: Factors influencing the likelihood of new entrants in the agricultural products market in Nigeria, 2022
- Figure 11: Factors influencing the threat of substitutes in the agricultural products market in Nigeria, 2022
- Figure 12: Drivers of degree of rivalry in the agricultural products market in Nigeria, 2022
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