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Nigeria Agricultural Products Market to 2027

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    Report

  • 44 Pages
  • November 2023
  • Region: Nigeria
  • MarketLine
  • ID: 5928037
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 includes the production of various crops such as cereals (like wheat, rice, and barley), oil crops (including cottonseed, groundnuts, and olives), sugar (from sugar cane and sugar beet), pulses (such as beans, peas, and lentils), roots & tubers (like potatoes, sweet potatoes, and cassava), vegetables (including cabbages, tomatoes, and onions), fruits (such as bananas, citrus fruits, and berries), as well as other crops include nuts (such as almonds, hazelnuts, and pistachios), spices, and stimulants like coffee, hops, and dry chilies.
  • The Nigerian agricultural products market had total revenues of $48.5 billion in 2022, representing a compound annual growth rate (CAGR) of 11.1% between 2017 and 2022.
  • Market production volume increased with a CAGR of 1.9% between 2017 and 2022, reaching a total of 100.3 million tons in 2022.
  • The growth in the Nigerian agricultural products market is influenced by several macroeconomic factors, such as rising GDP and growing business confidence. For instance, the real GDP annual growth rate of Nigeria in 2022 stood at 3.1%, according to GlobalData.

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 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?

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 key players in this sector?
7.2. What are the strengths and strategies of the market players?
7.3. Have there been any recent developments in the market?
7.4. What are the challenges faced by the players in the market?
8 Company Profiles
8.1. Dangote Sugar Refinery Plc
8.2. Theobroma BV
8.3. Flour Mills of Nigeria Plc
8.4. FTN Cocoa Processors 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 Publisher
List of Tables
Table 1: Nigeria agricultural products market value: $ billion, 2017-22
Table 2: Nigeria agricultural products market volume: million tonnes, 2017-22
Table 3: Nigeria agricultural products market category segmentation: % share, by value, 2017-2022
Table 4: Nigeria agricultural products market category segmentation: $ billion, 2017-2022
Table 5: Nigeria agricultural products market geography segmentation: $ billion, 2022
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: Flour Mills of Nigeria Plc: key facts
Table 13: Flour Mills of Nigeria Plc: Annual Financial Ratios
Table 14: Flour Mills of Nigeria Plc: Key Employees
Table 15: FTN Cocoa Processors Plc: key facts
Table 16: FTN Cocoa Processors Plc: Annual Financial Ratios
Table 17: FTN Cocoa Processors Plc: Key Employees
Table 18: Nigeria size of population (million), 2018-22
Table 19: Nigeria gdp (constant 2005 prices, $ billion), 2018-22
Table 20: Nigeria gdp (current prices, $ billion), 2018-22
Table 21: Nigeria inflation, 2018-22
Table 22: Nigeria consumer price index (absolute), 2018-22
Table 23: Nigeria exchange rate, 2018-22
List of Figures
Figure 1: Nigeria agricultural products market value: $ billion, 2017-22
Figure 2: Nigeria agricultural products market volume: million tonnes, 2017-22
Figure 3: Nigeria agricultural products market category segmentation: $ billion, 2017-2022
Figure 4: Nigeria agricultural products market geography segmentation: % share, by value, 2022
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

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

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