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Agricultural Products in Nigeria

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    Report

  • 38 Pages
  • October 2020
  • Region: Nigeria
  • MarketLine
  • ID: 3759189
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Agricultural Products in Nigeria industry profile provides top-line qualitative and quantitative summary information including: market size (value 2015-19, and forecast to 2024). 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.), Oilcrops (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 industry had total revenues of $36.9bn in 2019, representing a compound annual growth rate (CAGR) of 15.2% between 2015 and 2019.
  • Industry consumption volume increased with a CAGR of 3% between 2015 and 2019, to reach a total of 95 million tonnes in 2019.
  • Nigeria benefits from large amounts of arable land and access to two of the largest rivers in Africa but historically the country’s agricultural products industry has suffered due to a lack of investment.

Scope
  • 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.

Reasons to Buy
  • What was the size of the Nigeria agricultural products market by value in 2019?
  • What will be the size of the Nigeria agricultural products market in 2024?
  • 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?
Frequently Asked Questions about the Agricultural Products Market in Nigeria

What is the estimated value of the Agricultural Products Market in Nigeria?

The Agricultural Products Market in Nigeria was estimated to be valued at $36.9 Billion in 2019.

What is the growth rate of the Agricultural Products Market in Nigeria?

The growth rate of the Agricultural Products Market in Nigeria is 6.3%, with an estimated value of $50.1 Billion by 2024.

What is the forecasted size of the Agricultural Products Market in Nigeria?

The Agricultural Products Market in Nigeria is estimated to be worth $50.1 Billion by 2024.

Who are the key companies in the Agricultural Products Market in Nigeria?

Key companies in the Agricultural Products Market in Nigeria include Dangote Sugar Refinery Plc, Theobroma BV and Flour Mills of Nigeria Plc.

Table of Contents

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 the 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 Research
10.4. About the Author
List of Tables
Table 1: Nigeria agricultural products market value: $ billion, 2015-19
Table 2: Nigeria agricultural products market volume: million tonnes, 2015-19
Table 3: Nigeria agricultural products market category segmentation: $ billion, 2019
Table 4: Nigeria agricultural products market geography segmentation: $ billion, 2019
Table 5: Nigeria agricultural products market value forecast: $ billion, 2019-24
Table 6: Nigeria agricultural products market volume forecast: million tonnes, 2019-24
Table 7: Dangote Sugar Refinery Plc: key facts
Table 8: Dangote Sugar Refinery Plc: Key Employees
Table 9: Theobroma BV: key facts
Table 10: FTN Cocoa Processors Plc: key facts
Table 11: FTN Cocoa Processors Plc: Key Employees
Table 12: Flour Mills of Nigeria Plc: key facts
Table 13: Flour Mills of Nigeria Plc: Key Employees
Table 14: Nigeria size of population (million), 2015-19
Table 15: Nigeria GDP (constant 2005 prices, $ billion), 2015-19
Table 16: Nigeria GDP (current prices, $ billion), 2015-19
Table 17: Nigeria inflation, 2015-19
Table 18: Nigeria consumer price index (absolute), 2015-19
Table 19: Nigeria exchange rate, 2015-18
List of Figures
Figure 1: Nigeria agricultural products market value: $ billion, 2015-19
Figure 2: Nigeria agricultural products market volume: million tonnes, 2015-19
Figure 3: Nigeria agricultural products market category segmentation: % share, by value, 2019
Figure 4: Nigeria agricultural products market geography segmentation: % share, by value, 2019
Figure 5: Nigeria agricultural products market value forecast: $ billion, 2019-24
Figure 6: Nigeria agricultural products market volume forecast: million tonnes, 2019-24
Figure 7: Forces driving competition in the agricultural products market in Nigeria, 2019
Figure 8: Drivers of buyer power in the agricultural products market in Nigeria, 2019
Figure 9: Drivers of supplier power in the agricultural products market in Nigeria, 2019
Figure 10: Factors influencing the likelihood of new entrants in the agricultural products market in Nigeria, 2019
Figure 11: Factors influencing the threat of substitutes in the agricultural products market in Nigeria, 2019
Figure 12: Drivers of degree of rivalry in the agricultural products market in Nigeria, 2019

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Dangote Sugar Refinery Plc
  • Theobroma BV
  • FTN Cocoa Processors Plc
  • Flour Mills of Nigeria Plc