Nigeria Hemp-Based Products Market (2025-2031) | Companies, Outlook, Forecast, Value, Analysis, Competitive Landscape, Growth, Trends, Industry, Segmentation, Size & Revenue, Share

Name: Nigeria Hemp-Based Products Market (2025-2031) | Companies & Outlook
Creator: 6Wresearch
License: https://www.6wresearch.com/privacy-policy
Keywords: Hemp-Based Products Market, Nigeria Hemp-Based Products Market, Nigeria Hemp-Based Products Market Revenues, Nigeria Hemp-Based Products Market Share, Nigeria Hemp-Based Products Market Size, Nigeria Hemp-Based Products Market Outlook, Nigeria Hemp-Based Products Market Report, Nigeria Hemp-Based Products Market Competition, Nigeria Hemp-Based Products Market Overview, Nigeria Hemp-Based Products Market Trends, Nigeria Hemp-Based Products Market Forecast

Market Forecast By Type (Food Products, Hemp CBD, Personal Care Products, Industrial Products, Food Supplements, Consumer Textiles, Others), By Price (Under US$ 50, US$ 50 - US$ 100, US$ 101 - US$ 200, Above US$ 200), By End-use (Residential, Commercial, Industrial) And Competitive Landscape

Product Code: ETC8626580	Publication Date: Sep 2024	Updated Date: Nov 2025	Product Type: Market Research Report
Publisher: 6Wresearch	Author: Vasudha	No. of Pages: 75	No. of Figures: 35	No. of Tables: 20

Nigeria Hemp Based Products Market Top 5 Importing Countries and Market Competition (HHI) Analysis

Despite the high Herfindahl-Hirschman Index (HHI) indicating market concentration in Nigeria`s hemp-based products import sector, the CAGR from 2020 to 2024 saw a steep decline of -42.31%. In 2024, top exporting countries to Nigeria included Vietnam, China, India, Mexico, and the UK. However, the growth rate from 2023 to 2024 experienced a significant decrease of -60.5%. This suggests a challenging landscape for hemp-based product imports into Nigeria, warranting further analysis and strategic considerations for market players.

Nigeria Hemp Based Products Market Top 5 Importing Countries and Market Competition (HHI) Analysis

Key Highlights of the Report:

Nigeria Hemp-Based Products Market Outlook
Market Size of Nigeria Hemp-Based Products Market, 2024
Forecast of Nigeria Hemp-Based Products Market, 2031
Historical Data and Forecast of Nigeria Hemp-Based Products Revenues & Volume for the Period 2021- 2031
Nigeria Hemp-Based Products Market Trend Evolution
Nigeria Hemp-Based Products Market Drivers and Challenges
Nigeria Hemp-Based Products Price Trends
Nigeria Hemp-Based Products Porter's Five Forces
Nigeria Hemp-Based Products Industry Life Cycle
Historical Data and Forecast of Nigeria Hemp-Based Products Market Revenues & Volume By Type for the Period 2021- 2031
Historical Data and Forecast of Nigeria Hemp-Based Products Market Revenues & Volume By Food Products for the Period 2021- 2031
Historical Data and Forecast of Nigeria Hemp-Based Products Market Revenues & Volume By Hemp CBD for the Period 2021- 2031
Historical Data and Forecast of Nigeria Hemp-Based Products Market Revenues & Volume By Personal Care Products for the Period 2021- 2031
Historical Data and Forecast of Nigeria Hemp-Based Products Market Revenues & Volume By Industrial Products for the Period 2021- 2031
Historical Data and Forecast of Nigeria Hemp-Based Products Market Revenues & Volume By Food Supplements for the Period 2021- 2031
Historical Data and Forecast of Nigeria Hemp-Based Products Market Revenues & Volume By Consumer Textiles for the Period 2021- 2031
Historical Data and Forecast of Nigeria Hemp-Based Products Market Revenues & Volume By Others for the Period 2021- 2031
Historical Data and Forecast of Nigeria Hemp-Based Products Market Revenues & Volume By Price for the Period 2021- 2031
Historical Data and Forecast of Nigeria Hemp-Based Products Market Revenues & Volume By Under US$ 50 for the Period 2021- 2031
Historical Data and Forecast of Nigeria Hemp-Based Products Market Revenues & Volume By US$ 50 - US$ 100 for the Period 2021- 2031
Historical Data and Forecast of Nigeria Hemp-Based Products Market Revenues & Volume By US$ 101 - US$ 200 for the Period 2021- 2031
Historical Data and Forecast of Nigeria Hemp-Based Products Market Revenues & Volume By Above US$ 200 for the Period 2021- 2031
Historical Data and Forecast of Nigeria Hemp-Based Products Market Revenues & Volume By End-use for the Period 2021- 2031
Historical Data and Forecast of Nigeria Hemp-Based Products Market Revenues & Volume By Residential for the Period 2021- 2031
Historical Data and Forecast of Nigeria Hemp-Based Products Market Revenues & Volume By Commercial for the Period 2021- 2031
Historical Data and Forecast of Nigeria Hemp-Based Products Market Revenues & Volume By Industrial for the Period 2021- 2031
Nigeria Hemp-Based Products Import Export Trade Statistics
Market Opportunity Assessment By Type
Market Opportunity Assessment By Price
Market Opportunity Assessment By End-use
Nigeria Hemp-Based Products Top Companies Market Share
Nigeria Hemp-Based Products Competitive Benchmarking By Technical and Operational Parameters
Nigeria Hemp-Based Products Company Profiles
Nigeria Hemp-Based Products Key Strategic Recommendations

Frequently Asked Questions About the Market Study (FAQs):

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1 Executive Summary

2 Introduction

2.1 Key Highlights of the Report

2.2 Report Description

2.3 Market Scope & Segmentation

2.4 Research Methodology

2.5 Assumptions

3 Nigeria Hemp-Based Products Market Overview

3.1 Nigeria Country Macro Economic Indicators

3.2 Nigeria Hemp-Based Products Market Revenues & Volume, 2021 & 2031F

3.3 Nigeria Hemp-Based Products Market - Industry Life Cycle

3.4 Nigeria Hemp-Based Products Market - Porter's Five Forces

3.5 Nigeria Hemp-Based Products Market Revenues & Volume Share, By Type, 2021 & 2031F

3.6 Nigeria Hemp-Based Products Market Revenues & Volume Share, By Price, 2021 & 2031F

3.7 Nigeria Hemp-Based Products Market Revenues & Volume Share, By End-use, 2021 & 2031F

4 Nigeria Hemp-Based Products Market Dynamics

4.1 Impact Analysis

4.2 Market Drivers

4.2.1 Increasing awareness and acceptance of hemp-based products for medicinal and wellness purposes in Nigeria

4.2.2 Growing demand for natural and organic products in the Nigerian market

4.2.3 Favorable government regulations and policies supporting the cultivation and use of hemp-based products in Nigeria

4.3 Market Restraints

4.3.1 Limited infrastructure and technology for large-scale production and distribution of hemp-based products in Nigeria

4.3.2 Lack of standardized quality control measures leading to concerns about product consistency and efficacy

5 Nigeria Hemp-Based Products Market Trends

6 Nigeria Hemp-Based Products Market, By Types

6.1 Nigeria Hemp-Based Products Market, By Type

6.1.1 Overview and Analysis

6.1.2 Nigeria Hemp-Based Products Market Revenues & Volume, By Type, 2021- 2031F

6.1.3 Nigeria Hemp-Based Products Market Revenues & Volume, By Food Products, 2021- 2031F

6.1.4 Nigeria Hemp-Based Products Market Revenues & Volume, By Hemp CBD, 2021- 2031F

6.1.5 Nigeria Hemp-Based Products Market Revenues & Volume, By Personal Care Products, 2021- 2031F

6.1.6 Nigeria Hemp-Based Products Market Revenues & Volume, By Industrial Products, 2021- 2031F

6.1.7 Nigeria Hemp-Based Products Market Revenues & Volume, By Food Supplements, 2021- 2031F

6.1.8 Nigeria Hemp-Based Products Market Revenues & Volume, By Consumer Textiles, 2021- 2031F

6.2 Nigeria Hemp-Based Products Market, By Price

6.2.1 Overview and Analysis

6.2.2 Nigeria Hemp-Based Products Market Revenues & Volume, By Under US$ 50, 2021- 2031F

6.2.3 Nigeria Hemp-Based Products Market Revenues & Volume, By US$ 50 - US$ 100, 2021- 2031F

6.2.4 Nigeria Hemp-Based Products Market Revenues & Volume, By US$ 101 - US$ 200, 2021- 2031F

6.2.5 Nigeria Hemp-Based Products Market Revenues & Volume, By Above US$ 200, 2021- 2031F

6.3 Nigeria Hemp-Based Products Market, By End-use

6.3.1 Overview and Analysis

6.3.2 Nigeria Hemp-Based Products Market Revenues & Volume, By Residential, 2021- 2031F

6.3.3 Nigeria Hemp-Based Products Market Revenues & Volume, By Commercial, 2021- 2031F

6.3.4 Nigeria Hemp-Based Products Market Revenues & Volume, By Industrial, 2021- 2031F

7 Nigeria Hemp-Based Products Market Import-Export Trade Statistics

7.1 Nigeria Hemp-Based Products Market Export to Major Countries

7.2 Nigeria Hemp-Based Products Market Imports from Major Countries

8 Nigeria Hemp-Based Products Market Key Performance Indicators

8.1 Number of licensed hemp cultivation farms in Nigeria

8.2 Percentage increase in consumer awareness about the benefits of hemp-based products

8.3 Growth in the number of retail outlets selling hemp-based products in Nigeria

9 Nigeria Hemp-Based Products Market - Opportunity Assessment

9.1 Nigeria Hemp-Based Products Market Opportunity Assessment, By Type, 2021 & 2031F

9.2 Nigeria Hemp-Based Products Market Opportunity Assessment, By Price, 2021 & 2031F

9.3 Nigeria Hemp-Based Products Market Opportunity Assessment, By End-use, 2021 & 2031F

10 Nigeria Hemp-Based Products Market - Competitive Landscape

10.1 Nigeria Hemp-Based Products Market Revenue Share, By Companies, 2024

10.2 Nigeria Hemp-Based Products Market Competitive Benchmarking, By Operating and Technical Parameters

11 Company Profiles

12 Recommendations

13 Disclaimer

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Export potential assessment - trade Analytics for 2030

Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.

By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.

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