| Product Code: ETC5082212 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
In 2024, Cape Verde continues to rely heavily on imports of aroma compounds, with top exporters being Portugal, Italy, USA, Spain, and Germany. The high concentration of imports is reflected in the high Herfindahl-Hirschman Index (HHI). The industry showed steady growth with a compound annual growth rate (CAGR) of 2.31% from 2020 to 2024. Moreover, the impressive growth rate of 9.41% from 2023 to 2024 indicates a positive momentum in the market. This data suggests a strong demand for aroma compounds in Cape Verde and highlights the country`s reliance on these key importing countries.

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 Cape Verde Aroma compounds Market Overview |
3.1 Cape Verde Country Macro Economic Indicators |
3.2 Cape Verde Aroma compounds Market Revenues & Volume, 2021 & 2031F |
3.3 Cape Verde Aroma compounds Market - Industry Life Cycle |
3.4 Cape Verde Aroma compounds Market - Porter's Five Forces |
3.5 Cape Verde Aroma compounds Market Revenues & Volume Share, By Source, 2021 & 2031F |
3.6 Cape Verde Aroma compounds Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.7 Cape Verde Aroma compounds Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Cape Verde Aroma compounds Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for natural and organic aroma compounds in the food and beverage industry |
4.2.2 Growth in the tourism sector leading to higher demand for aroma compounds in hospitality and spa industries |
4.2.3 Rising awareness among consumers regarding the benefits of aromatherapy and essential oils |
4.3 Market Restraints |
4.3.1 High production costs of natural aroma compounds compared to synthetic alternatives |
4.3.2 Limited availability of raw materials for producing aroma compounds in Cape Verde |
4.3.3 Stringent regulations and compliance requirements related to the production and use of aroma compounds |
5 Cape Verde Aroma compounds Market Trends |
6 Cape Verde Aroma compounds Market Segmentations |
6.1 Cape Verde Aroma compounds Market, By Source |
6.1.1 Overview and Analysis |
6.1.2 Cape Verde Aroma compounds Market Revenues & Volume, By Natural, 2021-2031F |
6.1.3 Cape Verde Aroma compounds Market Revenues & Volume, By Synthetic, 2021-2031F |
6.2 Cape Verde Aroma compounds Market, By Product |
6.2.1 Overview and Analysis |
6.2.2 Cape Verde Aroma compounds Market Revenues & Volume, By Benzenoids, 2021-2031F |
6.2.3 Cape Verde Aroma compounds Market Revenues & Volume, By Terpenoids, 2021-2031F |
6.2.4 Cape Verde Aroma compounds Market Revenues & Volume, By Musk Chemicals, 2021-2031F |
6.2.5 Cape Verde Aroma compounds Market Revenues & Volume, By Other, 2021-2031F |
6.3 Cape Verde Aroma compounds Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Cape Verde Aroma compounds Market Revenues & Volume, By Food & Beverage, 2021-2031F |
6.3.3 Cape Verde Aroma compounds Market Revenues & Volume, By Fine Fragrances, 2021-2031F |
6.3.4 Cape Verde Aroma compounds Market Revenues & Volume, By Cosmetics & Toiletries, 2021-2031F |
6.3.5 Cape Verde Aroma compounds Market Revenues & Volume, By Soaps & Detergents, 2021-2031F |
6.3.6 Cape Verde Aroma compounds Market Revenues & Volume, By Household, 2021-2031F |
6.3.7 Cape Verde Aroma compounds Market Revenues & Volume, By Others, 2021-2031F |
7 Cape Verde Aroma compounds Market Import-Export Trade Statistics |
7.1 Cape Verde Aroma compounds Market Export to Major Countries |
7.2 Cape Verde Aroma compounds Market Imports from Major Countries |
8 Cape Verde Aroma compounds Market Key Performance Indicators |
8.1 Percentage increase in the number of local businesses incorporating aroma compounds into their products |
8.2 Growth in the number of aroma compound manufacturers in Cape Verde |
8.3 Increase in the number of research studies and publications focusing on the benefits and applications of aroma compounds |
9 Cape Verde Aroma compounds Market - Opportunity Assessment |
9.1 Cape Verde Aroma compounds Market Opportunity Assessment, By Source, 2021 & 2031F |
9.2 Cape Verde Aroma compounds Market Opportunity Assessment, By Product, 2021 & 2031F |
9.3 Cape Verde Aroma compounds Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Cape Verde Aroma compounds Market - Competitive Landscape |
10.1 Cape Verde Aroma compounds Market Revenue Share, By Companies, 2024 |
10.2 Cape Verde Aroma compounds Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |