Nigeria Lipid Market Size & Outlook, 2022-2030
Nigeria lipid market, 2018-2030 (US$M)
Related Markets
Nigeria lipid market highlights
- The Nigeria lipid market generated a revenue of USD 125.0 million in 2022 and is expected to reach USD 207.9 million by 2030.
- The Nigeria market is expected to grow at a CAGR of 6.6% from 2023 to 2030.
- In terms of segment, clinical was the largest revenue generating phase in 2022.
- Clinical is the most lucrative phase segment registering the fastest growth during the forecast period.
Lipid market data book summary
| Market revenue in 2022 | USD 125.0 million |
| Market revenue in 2030 | USD 207.9 million |
| Growth rate | 6.6% (CAGR from 2022 to 2030) |
| Largest segment | Clinical |
| Fastest growing segment | Clinical |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Clinical, Pre-clinical |
| Key market players worldwide | Danaher Corp, Evonik Industries AG, Merck KGaA, Croda International PLC, Lipoid, Cargill, Basf SE, Archer-Daniels Midland Co, Koninklijke DSM NV, Kerry Group PLC Class A, Nordic Naturals, Fiserv Inc, Omega Protein |
Other key industry trends
- In terms of revenue, Nigeria accounted for 1.3% of the global lipid market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, Saudi Arabia lipid market is projected to lead the regional market in terms of revenue in 2030.
- Saudi Arabia is the fastest growing regional market in Middle East & Africa and is projected to reach USD 673.0 million by 2030.
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Lipid Market Scope
Lipid Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Nigeria lipid market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to lipid market will help companies and investors design strategic landscapes.
Clinical was the largest segment with a revenue share of 18.48% in 2022. Horizon Databook has segmented the Nigeria lipid market based on clinical, pre-clinical covering the revenue growth of each sub-segment from 2018 to 2030.
Nigeria is the most populous nation on the African continent. According to the World Bank, Nigeria is one of the largest economies in Africa. The healthcare and pharmaceutical industries mainly contribute to the country’s growth.
According to the Economic Intelligence Group, the real GDP growth for the Nigerian Pharmaceutical industry was recorded at 9.4% in the second quarter of 2021, which was the highest since 2017. The country’s large population serves as major customer base for the pharmaceutical industry.
Additionally, government support and international funding for the pharmaceutical industry is some of the biggest reasons for its industry growth. The ever-strengthening pharmaceutical industry of Nigeria coupled with the increasing population is expected to boost the lipid market in Nigeria.
Reasons to subscribe to Nigeria lipid market databook:
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Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Nigeria lipid market databook
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Our clientele includes a mix of lipid market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Nigeria lipid market , including forecasts for subscribers. This country databook contains high-level insights into Nigeria lipid market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Nigeria lipid market size, by phase, 2018-2030 (US$M)
Nigeria Lipid Market Outlook Share, 2022 & 2030 (US$M)
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