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Report
Nigeria Starch Processing Market - Industry Trends and Forecast to 2030
Market Report I 2022-12-01 I 105 Pages I Data Bridge Market Research
Nigeria starch processing market is projected to register a CAGR of 5.2% in the forecast period of 2023 to 2030. The new market report contains data for the historic year 2021, the base year of calculation is 2022, and the forecast period is 2023 to 2030.
Market Segmentation:
Nigeria Starch Processing Market, By Origin (Domestic and Imported), Input Crop (Cassava, Maize/Corn, Potatoes, Rice, and Others), Application (Food Grade and Non-Food Grade), Form (Dry and Liquid), Category (Organic and Conventional), Industry (Food Industry, Feed Industry, Pharmaceutical Industry, and Others), Country (Nigeria) Industry Trends and Forecast to 2030
Some of the major factors contributing to the growth of the Nigeria starch processing market are:
- Growing application in pharmaceutical industries for health improving drugs and syrups.
- Increasing demand for starch in food & beverages industry
.
Market Players:
The key market players operating in the Nigeria starch processing market are listed below:
- Orient Global Manufacturing
- Olo Industries Limited
- Greenhills Farmstead
- Matna Foods Ltd.
- Niji Group
- FMN Plc.
- Ekcel Farms Limited
- GIVANAS GROUP
- Nsmfoodslimited
- Ifgreen Industries
- Crest Agro Products Farms.
- GreenTech Industries Ltd.
- ACSMIN Nig.
TABLE OF CONTENTS
1 INTRODUCTION 10
1.1 OBJECTIVES OF THE STUDY 10
1.2 MARKET DEFINITION 10
1.3 OVERVIEW OF NIGERIA STARCH PROCESSING MARKET 10
1.4 LIMITATIONS 11
1.5 MARKETS COVERED 12
2 MARKET SEGMENTATION 13
2.1 MARKETS COVERED 13
2.2 GEOGRAPHICAL SCOPE 14
2.3 YEARS CONSIDERED FOR THE STUDY 14
2.4 CURRENCY AND PRICING 14
2.5 DBMR TRIPOD DATA VALIDATION MODEL 15
2.6 MULTIVARIATE MODELLING 18
2.7 TYPE LIFELINE CURVE 18
2.8 PRIMARY INTERVIEWS WITH KEY OPINION LEADERS 19
2.9 DBMR MARKET POSITION GRID 20
2.10 VENDOR SHARE ANALYSIS 22
2.11 MARKET APPLICATION COVERAGE GRID 23
2.12 SECONDARY SOURCES 24
2.13 ASSUMPTIONS 24
3 EXECUTIVE SUMMARY 25
4 PREMIUM INSIGHTS 28
4.1 LIST OF KEY CUSTOMERS, BY APPLICATION 29
4.1.1 FOOD GRADE 29
4.1.2 NON FOOD GRADE 29
4.2 LIST OF KEY CUSTOMERS, BY INPUT CROP 30
4.2.1 CASAVA 30
4.2.2 CORN 30
4.2.3 OTHERS 30
4.3 LIST OF KEY CUSTOMERS, BY ORIGIN 31
4.3.1 DOMESTIC 31
4.3.2 IMPORTED 31
4.4 LIST OF KEY CUSTOMERS 32
4.4.1 GLUCOSE 32
4.4.2 SORBITOL 32
4.4.3 MONO SODIUM GLUTAMATE (MSG) 33
4.5 NIGERIA STARCH MARKET, CUSTOMER'S BUYING CRITERIA 34
4.5.1 OVERVIEW 34
4.5.2 SOCIAL FACTORS 34
4.5.3 CULTURAL FACTORS 34
4.5.4 PERSONAL FACTORS 34
4.5.5 INDUSTRIAL FACTORS 34
4.5.6 ECONOMIC FACTORS 34
4.5.7 CUSTOMERS' RESPONSE 35
4.5.8 CONCLUSION 35
4.6 LIST OF KEY CUSTOMERS, BY INDUSTRY 36
4.6.1 FOOD 36
4.6.2 PHARMACEUTICALS 37
4.6.3 INDUSTRY 39
4.7 IMPORTS IN NIGERIA, 2021, (THOUSAND TONS) 40
4.8 NIGERIA STARCH MARKET, MACROECONOMIC FACTOR COVERAGE 41
4.8.1 INFLATION 41
4.8.2 GROSS DOMESTIC PRODUCT (GDP) 41
4.8.3 POSITIVE FACTOR 42
4.8.4 NEUTRAL FACTORS 42
4.8.5 NEGATIVE FACTOR 43
4.8.6 CONCLUSION 43
4.9 TOP-5 CASSAVA CROP PRODUCING, STATES OF NIGERIA 44
4.10 SUPPLY CHAIN OF NIGERIA STARCH PROCESSING MARKET 45
4.10.1 RAW MATERIAL PROCUREMENT 45
4.10.2 PREPARATION OF STARCH IN STARCH PROCESSING UNIT 46
4.10.3 MARKETING AND DISTRIBUTION 46
4.10.4 END USERS 46
4.11 VALUE CHAIN ANALYSIS: CASSAVA 47
5 MARKET OVERVIEW 48
5.1 DRIVERS 50
5.1.1 INCREASE IN THE DEMAND FOR STARCH IN THE FOOD & BEVERAGES INDUSTRY 50
5.1.2 GROWTH APPLICATION IN PHARMACEUTICAL INDUSTRIES FOR HEALTH-IMPROVING DRUGS AND SYRUPS 50
5.1.3 INCREASE IN THE DEMAND FOR NON-FOOD GRADE STARCH PRODUCTS 51
5.1.4 RISE IN THE DEMAND FOR CASSAVA STARCH TO REDUCE DEPENDENCY ON IMPORTS AND FOREIGN EXCHANGE 51
5.2 RESTRAINTS 53
5.2.1 INEFFECTIVE AGRONOMIC PRACTICES AND INEFFICIENT MANAGEMENT OF PRODUCTION RESOURCES 53
5.2.2 HUGE ECONOMIC LOSS DUE TO CROP DISEASE, INFESTATION, AND PESTS ASSOCIATED WITH STARCH CROP 53
5.2.3 SHORT SHELF LIFE AND HIGH FEASIBILITY OF CONTAMINATION 53
5.3 OPPORTUNITIES 54
5.3.1 AVAILABILITY OF AFFORDABLE RAW MATERIALS FOR THE STARCH MANUFACTURES 54
5.3.2 INCREASE IN THE TREND OF CULTIVATION OF STARCH CROP LEAD TO EMPLOYMENT OPPORTUNITIES 54
5.3.3 RISE IN THE BUSINESS AND INVESTMENT PLANS BY MANUFACTURERS IN THE COUNTRY 55
5.4 CHALLENGES 55
5.4.1 LIMITED STARCH PROCESSING MILLS AND MANUFACTURES 55
5.4.2 HIGH DEMAND FOR IMPORTED STARCH THAN DOMESTICALLY PRODUCED STARCH 56
5.4.3 FLUCTUATION IN STARCH PRICE DUE TO IMPORT 56
6 NIGERIA STARCH PROCESSING MARKET, BY ORIGIN 57
6.1 OVERVIEW 58
6.2 IMPORTED 59
6.3 DOMESTIC 60
7 NIGERIA STARCH PROCESSING MARKET, BY INPUT CROP 61
7.1 OVERVIEW 62
7.2 CASSAVA 63
7.3 MAIZE/CORN 64
7.4 POTATOES 64
7.5 RICE 65
7.6 OTHERS 66
8 NIGERIA STARCH PROCESSING MARKET, BY APPLICATION 67
8.1 OVERVIEW 68
8.2 FOOD GRADE 69
8.3 NON-FOOD GRADE 70
9 NIGERIA STARCH PROCESSING MARKET, BY INDUSTRY 71
9.1 OVERVIEW 72
9.2 FOOD INDUSTRY 73
9.3 PHARMACEUTICAL INDUSTRY 74
9.4 FEED INDUSTRY 74
9.5 OTHERS 75
10 NIGERIA STARCH PROCESSING MARKET, BY FORM 76
10.1 OVERVIEW 77
10.2 DRY 78
10.3 LIQUID 79
11 NIGERIA STARCH PROCESSING MARKET, BY CATEGORY 80
11.1 OVERVIEW 81
11.2 CONVENTIONAL 82
11.3 ORGANIC 83
12 NIGERIA STARCH PROCESSING MARKET, BY REGION 84
13 COMPANY LANDSCAPE 85
13.1 COMPANY SHARE ANALYSIS: NIGERIA 85
14 SWOT ANALYSIS 86
15 COMPANY PPROFILE 87
15.1 FMN PLC. 87
15.1.1 COMPANY SNAPSHOT 87
15.1.2 REVENUE ANALYSIS 87
15.1.3 PRODUCT PORTFOLIO 88
15.1.4 RECENT DEVELOPMENT 88
15.2 MATNA FOODS LTD. 89
15.2.1 COMPANY SNAPSHOT 89
15.2.2 PRODUCT PORTFOLIO 89
15.2.3 RECENT DEVELOPMENT 89
15.3 CREST AGRO PRODUCTS FARMS. 90
15.3.1 COMPANY SNAPSHOT 90
15.3.2 PRODUCT PORTFOLIO 90
15.3.3 RECENT DEVELOPMENT 90
15.4 GREENHILLS FARMSTEAD 91
15.4.1 COMPANY SNAPSHOT 91
15.4.2 PRODUCT PORTFOLIO 91
15.4.3 RECENT DEVELOPMENT 91
15.5 EKCEL FARMS LIMITED 92
15.5.1 COMPANY SNAPSHOT 92
15.5.2 PRODUCT PORTFOLIO 92
15.5.3 RECENT DEVELOPMENT 92
15.6 ACSMIN NIG. 93
15.6.1 COMPANY SNAPSHOT 93
15.6.2 PRODUCT PORTFOLIO 93
15.6.3 RECENT DEVELOPMENT 93
15.7 GIVANAS GROUP 94
15.7.1 COMPANY SNAPSHOT 94
15.7.2 PRODUCT PORTFOLIO 94
15.7.3 RECENT DEVELOPMENT 94
15.8 GREENTECH INDUSTRIES LTD. 95
15.8.1 COMPANY SNAPSHOT 95
15.8.2 PRODUCT PORTFOLIO 95
15.8.3 RECENT DEVELOPMENT 95
15.9 IFGREEN INDUSTRIES 96
15.9.1 COMPANY SNAPSHOT 96
15.9.2 PRODUCT PORTFOLIO 96
15.9.3 RECENT DEVELOPMENT 96
15.10 NIJI GROUP 97
15.10.1 COMPANY SNAPSHOT 97
15.10.2 PRODUCT PORTFOLIO 97
15.10.3 RECENT DEVELOPMENT 97
15.11 NSMFOODSLIMITED 98
15.11.1 COMPANY SNAPSHOT 98
15.11.2 PRODUCT PORTFOLIO 98
15.11.3 RECENT DEVELOPMENT 98
15.12 OLO INDUSTRIES LIMITED 99
15.12.1 COMPANY SNAPSHOT 99
15.12.2 PRODUCT PORTFOLIO 99
15.12.3 RECENT DEVELOPMENT 100
15.13 ORIENT GLOBAL MANUFACTURING 101
15.13.1 COMPANY SNAPSHOT 101
15.13.2 PRODUCT PORTFOLIO 101
15.13.3 RECENT DEVELOPMENT 101
16 QUESTIONNAIRE 102
17 RELATED REPORTS 105
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