| Product Code: ETC8627098 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Summon Dutta | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
Despite the decline in the Compound Annual Growth Rate (CAGR) for infant formula imports into Nigeria from 2020 to 2024, the market continues to show resilience with key exporting countries such as Mexico, Netherlands, Brazil, Ghana, and Singapore maintaining their presence. The high Herfindahl-Hirschman Index (HHI) concentration in 2024 suggests a competitive market landscape. However, the negative growth rate in 2024 indicates a potential slowdown, possibly influenced by economic factors or changing consumer preferences. Monitoring these trends closely will be crucial for stakeholders in the infant formula industry looking to navigate the Nigerian market effectively.

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 Infant Formula Market Overview |
3.1 Nigeria Country Macro Economic Indicators |
3.2 Nigeria Infant Formula Market Revenues & Volume, 2021 & 2031F |
3.3 Nigeria Infant Formula Market - Industry Life Cycle |
3.4 Nigeria Infant Formula Market - Porter's Five Forces |
3.5 Nigeria Infant Formula Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Nigeria Infant Formula Market Revenues & Volume Share, By Ingredient, 2021 & 2031F |
3.7 Nigeria Infant Formula Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 Nigeria Infant Formula Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Nigeria Infant Formula Market Trends |
6 Nigeria Infant Formula Market, By Types |
6.1 Nigeria Infant Formula Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Nigeria Infant Formula Market Revenues & Volume, By Type, 2021- 2031F |
6.1.3 Nigeria Infant Formula Market Revenues & Volume, By Infant Milk, 2021- 2031F |
6.1.4 Nigeria Infant Formula Market Revenues & Volume, By Follow on Milk, 2021- 2031F |
6.1.5 Nigeria Infant Formula Market Revenues & Volume, By Specialty Baby Milk, 2021- 2031F |
6.1.6 Nigeria Infant Formula Market Revenues & Volume, By Growing-up Milk, 2021- 2031F |
6.2 Nigeria Infant Formula Market, By Ingredient |
6.2.1 Overview and Analysis |
6.2.2 Nigeria Infant Formula Market Revenues & Volume, By Carbohydrate, 2021- 2031F |
6.2.3 Nigeria Infant Formula Market Revenues & Volume, By Fat, 2021- 2031F |
6.2.4 Nigeria Infant Formula Market Revenues & Volume, By Protein, 2021- 2031F |
6.2.5 Nigeria Infant Formula Market Revenues & Volume, By Minerals, 2021- 2031F |
6.2.6 Nigeria Infant Formula Market Revenues & Volume, By Vitamins, 2021- 2031F |
6.2.7 Nigeria Infant Formula Market Revenues & Volume, By Others, 2021- 2031F |
6.3 Nigeria Infant Formula Market, By Distribution Channel |
6.3.1 Overview and Analysis |
6.3.2 Nigeria Infant Formula Market Revenues & Volume, By Online, 2021- 2031F |
6.3.3 Nigeria Infant Formula Market Revenues & Volume, By Offline, 2021- 2031F |
7 Nigeria Infant Formula Market Import-Export Trade Statistics |
7.1 Nigeria Infant Formula Market Export to Major Countries |
7.2 Nigeria Infant Formula Market Imports from Major Countries |
8 Nigeria Infant Formula Market Key Performance Indicators |
9 Nigeria Infant Formula Market - Opportunity Assessment |
9.1 Nigeria Infant Formula Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Nigeria Infant Formula Market Opportunity Assessment, By Ingredient, 2021 & 2031F |
9.3 Nigeria Infant Formula Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
10 Nigeria Infant Formula Market - Competitive Landscape |
10.1 Nigeria Infant Formula Market Revenue Share, By Companies, 2024 |
10.2 Nigeria Infant Formula Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
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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