| Product Code: ETC6674125 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Summon Dutta | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, Cape Verde continued to heavily rely on carmine imports from top exporting countries like Portugal, Spain, Brazil, and Hungary. Despite a significant negative compound annual growth rate (CAGR) of -9.3% from 2020 to 2024, the high Herfindahl-Hirschman Index (HHI) reflects a concentrated market. The growth rate declining even further in 2024 at -9.55% indicates a challenging landscape for carmine import shipments in Cape Verde. Monitoring market dynamics and exploring strategies to diversify sources could be crucial for the industry`s resilience in the coming years.

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 Carmine Market Overview |
3.1 Cape Verde Country Macro Economic Indicators |
3.2 Cape Verde Carmine Market Revenues & Volume, 2021 & 2031F |
3.3 Cape Verde Carmine Market - Industry Life Cycle |
3.4 Cape Verde Carmine Market - Porter's Five Forces |
3.5 Cape Verde Carmine Market Revenues & Volume Share, By Form, 2021 & 2031F |
3.6 Cape Verde Carmine Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 Cape Verde Carmine Market Revenues & Volume Share, By End-User, 2021 & 2031F |
4 Cape Verde Carmine Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for natural and organic cosmetic ingredients |
4.2.2 Growing awareness about the benefits of carmine as a natural colorant |
4.2.3 Rise in disposable income leading to higher spending on personal care products |
4.3 Market Restraints |
4.3.1 Fluctuating prices of carmine due to supply chain disruptions |
4.3.2 Stringent regulations related to the use of carmine in cosmetics |
5 Cape Verde Carmine Market Trends |
6 Cape Verde Carmine Market, By Types |
6.1 Cape Verde Carmine Market, By Form |
6.1.1 Overview and Analysis |
6.1.2 Cape Verde Carmine Market Revenues & Volume, By Form, 2021- 2031F |
6.1.3 Cape Verde Carmine Market Revenues & Volume, By Powder, 2021- 2031F |
6.1.4 Cape Verde Carmine Market Revenues & Volume, By Liquid, 2021- 2031F |
6.1.5 Cape Verde Carmine Market Revenues & Volume, By Crystal, 2021- 2031F |
6.2 Cape Verde Carmine Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Cape Verde Carmine Market Revenues & Volume, By Dairy & Frozen Products, 2021- 2031F |
6.2.3 Cape Verde Carmine Market Revenues & Volume, By Food & Beverages, 2021- 2031F |
6.2.4 Cape Verde Carmine Market Revenues & Volume, By Cosmetics, 2021- 2031F |
6.2.5 Cape Verde Carmine Market Revenues & Volume, By Bakery & Confectionary, 2021- 2031F |
6.2.6 Cape Verde Carmine Market Revenues & Volume, By Meat Products, 2021- 2031F |
6.3 Cape Verde Carmine Market, By End-User |
6.3.1 Overview and Analysis |
6.3.2 Cape Verde Carmine Market Revenues & Volume, By Food Processing Companies, 2021- 2031F |
6.3.3 Cape Verde Carmine Market Revenues & Volume, By Beverage Industry, 2021- 2031F |
6.3.4 Cape Verde Carmine Market Revenues & Volume, By Catering Industry, 2021- 2031F |
6.3.5 Cape Verde Carmine Market Revenues & Volume, By Cosmetics and Pharmaceutical Industry, 2021- 2031F |
7 Cape Verde Carmine Market Import-Export Trade Statistics |
7.1 Cape Verde Carmine Market Export to Major Countries |
7.2 Cape Verde Carmine Market Imports from Major Countries |
8 Cape Verde Carmine Market Key Performance Indicators |
8.1 Percentage of cosmetic products containing carmine in the market |
8.2 Number of new product launches featuring carmine as a key ingredient |
8.3 Consumer perception and acceptance of carmine as a natural and safe ingredient |
9 Cape Verde Carmine Market - Opportunity Assessment |
9.1 Cape Verde Carmine Market Opportunity Assessment, By Form, 2021 & 2031F |
9.2 Cape Verde Carmine Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 Cape Verde Carmine Market Opportunity Assessment, By End-User, 2021 & 2031F |
10 Cape Verde Carmine Market - Competitive Landscape |
10.1 Cape Verde Carmine Market Revenue Share, By Companies, 2024 |
10.2 Cape Verde Carmine 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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