| Product Code: ETC5170923 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Bhawna Singh | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
Cape Verde continues to rely heavily on canned seafood imports, with Spain, Portugal, Italy, Switzerland, and Thailand emerging as top exporters in 2024. The high Herfindahl-Hirschman Index (HHI) indicates significant market concentration. The impressive compound annual growth rate (CAGR) of 35.45% from 2020 to 2024 highlights the strong demand for canned seafood in Cape Verde. Moreover, the growth rate of 17.77% in 2024 demonstrates sustained momentum in this market segment, pointing towards continued opportunities for both domestic consumption and international trade.

By 2027, the Canned Seafood market in Cabo Verde is anticipated to reach a growth rate of 5.18%, as part of an increasingly competitive Africa region, where Egypt remains at the forefront, supported by South Africa, Ethiopia, Algeria and Nigeria, driving innovations and market adoption across sectors.

The canned seafood market in Cape Verde is driven by the demand for convenient, long-lasting seafood products. Canned seafood includes items like fish and shellfish, which are popular for their ease of storage and preparation. The market depends on imports due to the limited local production of canned seafood. As consumer preferences shift towards convenience and the retail sector expands, there is potential for growth in the canned seafood market. Import costs and global market conditions play a significant role in shaping the local market dynamics.
The Cape Verde canned seafood market is driven by the increasing demand for convenient and shelf-stable seafood products. The growing popularity of seafood as a healthy protein source fuels the demand for canned options. Additionally, the expansion of retail channels and improvements in canning technology contribute to market growth. The rise in consumer preferences for ready-to-eat and easy-to-store seafood products supports the markets development.
Challenges in the Cape Verde Canned Seafood market include high import costs for seafood and canning supplies. The market`s dependence on imports affects pricing and supply stability. Additionally, the market is influenced by fluctuations in global seafood prices and competition from alternative canned products.
In Cape Verde, the canned seafood market is regulated to ensure the safety and quality of seafood products. The government has established standards for the processing, packaging, and labeling of canned seafood to prevent contamination and maintain high quality. Regulations cover import tariffs, quality control, and adherence to health standards. Local producers are encouraged to invest in modern processing technologies and practices to enhance the safety and quality of canned seafood.
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 Canned Seafood Market Overview |
3.1 Cape Verde Country Macro Economic Indicators |
3.2 Cape Verde Canned Seafood Market Revenues & Volume, 2021 & 2031F |
3.3 Cape Verde Canned Seafood Market - Industry Life Cycle |
3.4 Cape Verde Canned Seafood Market - Porter's Five Forces |
3.5 Cape Verde Canned Seafood Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.6 Cape Verde Canned Seafood Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 Cape Verde Canned Seafood Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Cape Verde Canned Seafood Market Trends |
6 Cape Verde Canned Seafood Market Segmentations |
6.1 Cape Verde Canned Seafood Market, By Product |
6.1.1 Overview and Analysis |
6.1.2 Cape Verde Canned Seafood Market Revenues & Volume, By Tuna, 2021-2031F |
6.1.3 Cape Verde Canned Seafood Market Revenues & Volume, By Salmon, 2021-2031F |
6.1.4 Cape Verde Canned Seafood Market Revenues & Volume, By Sardines, 2021-2031F |
6.1.5 Cape Verde Canned Seafood Market Revenues & Volume, By Prawns, 2021-2031F |
6.1.6 Cape Verde Canned Seafood Market Revenues & Volume, By Shrimps, 2021-2031F |
6.1.7 Cape Verde Canned Seafood Market Revenues & Volume, By Other Seafood, 2021-2031F |
6.2 Cape Verde Canned Seafood Market, By Distribution Channel |
6.2.1 Overview and Analysis |
6.2.2 Cape Verde Canned Seafood Market Revenues & Volume, By Foodservices, 2021-2031F |
6.2.3 Cape Verde Canned Seafood Market Revenues & Volume, By Retail, 2021-2031F |
7 Cape Verde Canned Seafood Market Import-Export Trade Statistics |
7.1 Cape Verde Canned Seafood Market Export to Major Countries |
7.2 Cape Verde Canned Seafood Market Imports from Major Countries |
8 Cape Verde Canned Seafood Market Key Performance Indicators |
9 Cape Verde Canned Seafood Market - Opportunity Assessment |
9.1 Cape Verde Canned Seafood Market Opportunity Assessment, By Product, 2021 & 2031F |
9.2 Cape Verde Canned Seafood Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
10 Cape Verde Canned Seafood Market - Competitive Landscape |
10.1 Cape Verde Canned Seafood Market Revenue Share, By Companies, 2024 |
10.2 Cape Verde Canned Seafood Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |