| Product Code: ETC5011988 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sachin Kumar Rai | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
Cape Verde`s coconut oil import market saw significant growth in 2024, with top exporting countries including Spain, Portugal, Brazil, USA, and Netherlands. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market. The compound annual growth rate (CAGR) from 2020 to 2024 was a steady 1.6%, while the remarkable growth rate of 264.03% from 2023 to 2024 suggests a surge in demand. This data highlights the strong presence of key exporters and the increasing popularity of coconut oil in Cape Verde.

By 2027, the Coconut Oil market in Cabo Verde is anticipated to reach a growth rate of 10.27%, 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.

Cape Verdes coconut oil market involves the production and consumption of coconut oil, used in food, cosmetics, and pharmaceuticals. The market is driven by increasing health awareness and demand for natural products. Challenges include competition from other vegetable oils and price fluctuations.
The Cape Verde coconut oil market is influenced by the rising demand for natural and organic products in the personal care and food industries. Coconut oil`s versatility as a cooking oil, moisturizer, and ingredient in various cosmetic products drives its demand. Additionally, the growing awareness of coconut oil`s health benefits and its use in traditional and alternative medicine support market growth.
Challenges in the Cape Verde coconut oil market include a reliance on imported coconut oil and fluctuations in global coconut prices. Local production of coconut oil is limited, affecting the market`s ability to meet demand consistently. The market also faces competition from other vegetable oils and must address issues related to product quality and consumer preferences.
In the coconut oil market, government policies in Cape Verde focus on supporting local production and ensuring the sustainability of coconut farming. This includes providing subsidies for coconut oil producers and setting standards for product quality. The government may also promote the use of coconut oil in various industries and support research into new applications.
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 Coconut Oil Market Overview |
3.1 Cape Verde Country Macro Economic Indicators |
3.2 Cape Verde Coconut Oil Market Revenues & Volume, 2021 & 2031F |
3.3 Cape Verde Coconut Oil Market - Industry Life Cycle |
3.4 Cape Verde Coconut Oil Market - Porter's Five Forces |
3.5 Cape Verde Coconut Oil Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Cape Verde Coconut Oil Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 Cape Verde Coconut Oil Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
3.8 Cape Verde Coconut Oil Market Revenues & Volume Share, By Packaging, 2021 & 2031F |
3.9 Cape Verde Coconut Oil Market Revenues & Volume Share, By Price Point, 2021 & 2031F |
4 Cape Verde Coconut Oil Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Cape Verde Coconut Oil Market Trends |
6 Cape Verde Coconut Oil Market Segmentations |
6.1 Cape Verde Coconut Oil Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Cape Verde Coconut Oil Market Revenues & Volume, By Virgin Coconut Oil, 2021-2031F |
6.1.3 Cape Verde Coconut Oil Market Revenues & Volume, By Coconut RBD Oil, 2021-2031F |
6.2 Cape Verde Coconut Oil Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Cape Verde Coconut Oil Market Revenues & Volume, By Food industry, 2021-2031F |
6.2.3 Cape Verde Coconut Oil Market Revenues & Volume, By agriculture, 2021-2031F |
6.2.4 Cape Verde Coconut Oil Market Revenues & Volume, By Cosmetics and personal care industry, 2021-2031F |
6.2.5 Cape Verde Coconut Oil Market Revenues & Volume, By Chemical Industry, 2021-2031F |
6.2.6 Cape Verde Coconut Oil Market Revenues & Volume, By Others, 2021-2031F |
6.3 Cape Verde Coconut Oil Market, By Distribution Channel |
6.3.1 Overview and Analysis |
6.3.2 Cape Verde Coconut Oil Market Revenues & Volume, By Direct distribution, 2021-2031F |
6.3.3 Cape Verde Coconut Oil Market Revenues & Volume, By Convenience stores, 2021-2031F |
6.3.4 Cape Verde Coconut Oil Market Revenues & Volume, By Modern trade units, 2021-2031F |
6.3.5 Cape Verde Coconut Oil Market Revenues & Volume, By E-Commerce, 2021-2031F |
6.3.6 Cape Verde Coconut Oil Market Revenues & Volume, By Others, 2021-2031F |
6.4 Cape Verde Coconut Oil Market, By Packaging |
6.4.1 Overview and Analysis |
6.4.2 Cape Verde Coconut Oil Market Revenues & Volume, By Bottle, 2021-2031F |
6.4.3 Cape Verde Coconut Oil Market Revenues & Volume, By Jar, 2021-2031F |
6.4.4 Cape Verde Coconut Oil Market Revenues & Volume, By Can, 2021-2031F |
6.4.5 Cape Verde Coconut Oil Market Revenues & Volume, By Pouch, 2021-2031F |
6.4.6 Cape Verde Coconut Oil Market Revenues & Volume, By Tanks, 2021-2031F |
6.4.7 Cape Verde Coconut Oil Market Revenues & Volume, By Others, 2021-2031F |
6.5 Cape Verde Coconut Oil Market, By Price Point |
6.5.1 Overview and Analysis |
6.5.2 Cape Verde Coconut Oil Market Revenues & Volume, By Mass, 2021-2031F |
6.5.3 Cape Verde Coconut Oil Market Revenues & Volume, By Premium, 2021-2031F |
7 Cape Verde Coconut Oil Market Import-Export Trade Statistics |
7.1 Cape Verde Coconut Oil Market Export to Major Countries |
7.2 Cape Verde Coconut Oil Market Imports from Major Countries |
8 Cape Verde Coconut Oil Market Key Performance Indicators |
9 Cape Verde Coconut Oil Market - Opportunity Assessment |
9.1 Cape Verde Coconut Oil Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Cape Verde Coconut Oil Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 Cape Verde Coconut Oil Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
9.4 Cape Verde Coconut Oil Market Opportunity Assessment, By Packaging, 2021 & 2031F |
9.5 Cape Verde Coconut Oil Market Opportunity Assessment, By Price Point, 2021 & 2031F |
10 Cape Verde Coconut Oil Market - Competitive Landscape |
10.1 Cape Verde Coconut Oil Market Revenue Share, By Companies, 2024 |
10.2 Cape Verde Coconut Oil Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |