| Product Code: ETC5797733 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
The baking ingredients import market in Cape Verde continued to be dominated by key suppliers like Portugal, Spain, Brazil, France, and the United States in 2024. The high Herfindahl-Hirschman Index (HHI) concentration indicates a competitive market landscape. Despite a slight decrease in growth rate from the previous year, the compound annual growth rate (CAGR) of 7.81% over the period of 2020-2024 demonstrates a steady expansion in demand for baking ingredients in Cape Verde. The market is expected to remain competitive and dynamic in the coming years, offering opportunities for both local and international suppliers.

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 Baking Ingredients Market Overview |
3.1 Cape Verde Country Macro Economic Indicators |
3.2 Cape Verde Baking Ingredients Market Revenues & Volume, 2021 & 2031F |
3.3 Cape Verde Baking Ingredients Market - Industry Life Cycle |
3.4 Cape Verde Baking Ingredients Market - Porter's Five Forces |
3.5 Cape Verde Baking Ingredients Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Cape Verde Baking Ingredients Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Cape Verde Baking Ingredients Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing consumer interest in baking and homemade goods |
4.2.2 Growth of the food and beverage industry in Cape Verde |
4.2.3 Rising disposable income leading to higher spending on baking ingredients |
4.3 Market Restraints |
4.3.1 Limited availability of high-quality baking ingredients in the local market |
4.3.2 Fluctuating prices of imported baking ingredients due to currency exchange rates |
5 Cape Verde Baking Ingredients Market Trends |
6 Cape Verde Baking Ingredients Market Segmentations |
6.1 Cape Verde Baking Ingredients Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Cape Verde Baking Ingredients Market Revenues & Volume, By Emulsifiers, 2021-2031F |
6.1.3 Cape Verde Baking Ingredients Market Revenues & Volume, By Leavening Agents, 2021-2031F |
6.1.4 Cape Verde Baking Ingredients Market Revenues & Volume, By Enzymes, 2021-2031F |
6.1.5 Cape Verde Baking Ingredients Market Revenues & Volume, By Baking Powders & Mixes, 2021-2031F |
6.1.6 Cape Verde Baking Ingredients Market Revenues & Volume, By Oil, 2021-2031F |
6.1.7 Cape Verde Baking Ingredients Market Revenues & Volume, By Fats & Shortenings, 2021-2031F |
6.1.9 Cape Verde Baking Ingredients Market Revenues & Volume, By Colors & Flavors, 2021-2031F |
6.1.10 Cape Verde Baking Ingredients Market Revenues & Volume, By Colors & Flavors, 2021-2031F |
6.2 Cape Verde Baking Ingredients Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Cape Verde Baking Ingredients Market Revenues & Volume, By Bread , 2021-2031F |
6.2.3 Cape Verde Baking Ingredients Market Revenues & Volume, By Sweet Bakery, 2021-2031F |
7 Cape Verde Baking Ingredients Market Import-Export Trade Statistics |
7.1 Cape Verde Baking Ingredients Market Export to Major Countries |
7.2 Cape Verde Baking Ingredients Market Imports from Major Countries |
8 Cape Verde Baking Ingredients Market Key Performance Indicators |
8.1 Number of bakeries and home bakers in Cape Verde |
8.2 Frequency of baking ingredient purchases per household |
8.3 Percentage of households using baking ingredients in their cooking |
9 Cape Verde Baking Ingredients Market - Opportunity Assessment |
9.1 Cape Verde Baking Ingredients Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Cape Verde Baking Ingredients Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Cape Verde Baking Ingredients Market - Competitive Landscape |
10.1 Cape Verde Baking Ingredients Market Revenue Share, By Companies, 2024 |
10.2 Cape Verde Baking Ingredients 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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