Oilseeds in Nigeria
Summary
Oilseeds in Nigeria industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2019-24, and forecast to 2029). 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 oil seeds are within our scope. Market values represent the consumption of oilseeds in the respective countries in a year.
- The Nigerian oilseeds market recorded revenues of $1,389.5 million in 2024, representing a compound annual growth rate (CAGR) of 1.2% between 2019 and 2024.
- The soybean segment accounted for the market's largest proportion in 2024, with total revenues of $351.7 million, equivalent to 25.3% of the market's overall value.
- In 2024, Nigeria accounted for a share of 32.3% of the Middle East & Africa oilseeds market, making it the largest market in the region. An increase in the population is one of the major drivers of the market growth.
- 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 by both value and volume
- What was the size of the Nigeria oilseeds market by value in 2024?
- What will be the size of the Nigeria oilseeds market in 2029?
- What factors are affecting the strength of competition in the Nigeria oilseeds market?
- How has the market performed over the last five years?
- Who are the top competitors in 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. Syngenta AG
- 8.3. Archer Daniels Midland Co
- 9 Macroeconomic Indicators
- 9.1. Country data
- 10 Appendix
- 10.1. Methodology
- 10.2. Industry associations
- 10.3. Related GlobalData research
- 10.4. About GlobalData
- List of Tables
- Table 1: Nigeria oilseeds market value: $ million, 2019–24
- Table 2: Nigeria oilseeds market category segmentation: % share, by value, 2019–24
- Table 3: Nigeria oilseeds market category segmentation: $ million, 2019-24
- Table 4: Nigeria oilseeds market geography segmentation: $ million, 2024
- Table 5: Nigeria oilseeds market value forecast: $ million, 2024–29
- Table 6: Presco Plc: Key Facts
- Table 7: Presco Plc: annual financial ratios
- Table 8: Presco Plc: key employees
- Table 9: Syngenta AG: Key Facts
- Table 10: Syngenta AG: key employees
- Table 11: Archer Daniels Midland Co: Key Facts
- Table 12: Archer Daniels Midland Co: annual financial ratios
- Table 13: Archer Daniels Midland Co: key employees
- Table 14: Archer Daniels Midland Co: key employees Continued
- Table 15: Nigeria Size of Population (Million), 2020–24
- Table 16: Nigeria Real GDP (Constant 2010 Prices, $ Billion), 2020–24
- Table 17: Nigeria GDP (Current Prices, $ Billion), 2020–24
- Table 18: Nigeria Inflation, 2020–24
- Table 19: Nigeria Consumer Price Index (Absolute), 2020–24
- Table 20: Nigeria Exchange Rate, 2019–24
- List of Figures
- Figure 1: Nigeria oilseeds market value: $ million, 2019–24
- Figure 2: Nigeria oilseeds market category segmentation: $ million, 2019-24
- Figure 3: Nigeria oilseeds market geography segmentation: % share, by value, 2024
- Figure 4: Nigeria oilseeds market value forecast: $ million, 2024–29
- Figure 5: Forces driving competition in the oilseeds market in Nigeria, 2024
- Figure 6: Drivers of buyer power in the oilseeds market in Nigeria, 2024
- Figure 7: Drivers of supplier power in the oilseeds market in Nigeria, 2024
- Figure 8: Factors influencing the likelihood of new entrants in the oilseeds market in Nigeria, 2024
- Figure 9: Factors influencing the threat of substitutes in the oilseeds market in Nigeria, 2024
- Figure 10: Drivers of degree of rivalry in the oilseeds market in Nigeria, 2024
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