| Product Code: ETC5259368 | 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 |
The color cosmetics import market in Cape Verde saw significant concentration in 2024, with a very high Herfindahl-Hirschman Index (HHI) indicating limited competition. The top exporting countries - Portugal, China, Germany, Spain, and the United States of America - played a key role in driving growth. Despite a moderate Compound Annual Growth Rate (CAGR) of 2.15% from 2020 to 2024, the market experienced a slightly higher growth rate of 2.56% from 2023 to 2024. This suggests a steady increase in demand for color cosmetics in Cape Verde, highlighting opportunities for both local and international suppliers.

By 2027, the Color Cosmetics market in Cabo Verde is anticipated to reach a growth rate of 14.99%, 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 Cape Verde color cosmetics market is expanding due to a rising demand for beauty and personal care products. This growth is driven by increasing consumer awareness, changing beauty trends, and the influence of social media. The market includes a variety of products such as foundations, lipsticks, eyeliners, and eyeshadows. The entry of new brands and the expansion of distribution channels, including online platforms, are further boosting market growth.
The growing consumer interest in personal grooming and beauty is driving the Cape Verde color cosmetics market. An increasing young population and the influence of social media trends encourage higher usage of color cosmetics. Additionally, the rising disposable income allows consumers to spend more on premium beauty products, further propelling market growth. The expanding presence of international beauty brands and the introduction of innovative, sustainable products are also key drivers.
The Cape Verde color cosmetics market faces challenges related to limited consumer awareness and market penetration. The relatively small population base restricts the scale of operations for cosmetic companies, resulting in higher costs and limited availability of diverse product lines. Furthermore, competition from international brands that dominate the market makes it difficult for local companies to establish a foothold. High import duties and taxes on cosmetics also increase retail prices, reducing consumer demand and affordability.
The government of Cape Verde is actively working to regulate and support the color cosmetics market through various policies aimed at ensuring product safety and quality. These include regulations on the importation of cosmetics, mandatory registration with health authorities, and compliance with international safety standards. Additionally, policies promoting the use of natural and locally sourced ingredients are being encouraged to support sustainability and reduce dependence on imports.
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 Color Cosmetics Market Overview |
3.1 Cape Verde Country Macro Economic Indicators |
3.2 Cape Verde Color Cosmetics Market Revenues & Volume, 2021 & 2031F |
3.3 Cape Verde Color Cosmetics Market - Industry Life Cycle |
3.4 Cape Verde Color Cosmetics Market - Porter's Five Forces |
3.5 Cape Verde Color Cosmetics Market Revenues & Volume Share, By Target Market, 2021 & 2031F |
3.6 Cape Verde Color Cosmetics Market Revenues & Volume Share, By Distribution, 2021 & 2031F |
3.7 Cape Verde Color Cosmetics Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Cape Verde Color Cosmetics Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing disposable income among consumers in Cape Verde |
4.2.2 Growing influence of social media and beauty influencers on consumer purchasing decisions |
4.2.3 Rising awareness about personal grooming and beauty trends in the region |
4.3 Market Restraints |
4.3.1 Limited availability of premium color cosmetics brands in Cape Verde |
4.3.2 High import duties and taxes on cosmetics products impacting affordability for consumers |
4.3.3 Seasonal fluctuations in tourist arrivals affecting overall demand for color cosmetics |
5 Cape Verde Color Cosmetics Market Trends |
6 Cape Verde Color Cosmetics Market Segmentations |
6.1 Cape Verde Color Cosmetics Market, By Target Market |
6.1.1 Overview and Analysis |
6.1.2 Cape Verde Color Cosmetics Market Revenues & Volume, By Prestige Products, 2021-2031F |
6.1.3 Cape Verde Color Cosmetics Market Revenues & Volume, By Mass Products, 2021-2031F |
6.2 Cape Verde Color Cosmetics Market, By Distribution |
6.2.1 Overview and Analysis |
6.2.2 Cape Verde Color Cosmetics Market Revenues & Volume, By Offline, 2021-2031F |
6.2.3 Cape Verde Color Cosmetics Market Revenues & Volume, By Online, 2021-2031F |
6.3 Cape Verde Color Cosmetics Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Cape Verde Color Cosmetics Market Revenues & Volume, By Nail Products, 2021-2031F |
6.3.3 Cape Verde Color Cosmetics Market Revenues & Volume, By Hair Products, 2021-2031F |
6.3.4 Cape Verde Color Cosmetics Market Revenues & Volume, By Lip Products, 2021-2031F |
6.3.5 Cape Verde Color Cosmetics Market Revenues & Volume, By Face Products, 2021-2031F |
6.3.6 Cape Verde Color Cosmetics Market Revenues & Volume, By Others, 2021-2031F |
7 Cape Verde Color Cosmetics Market Import-Export Trade Statistics |
7.1 Cape Verde Color Cosmetics Market Export to Major Countries |
7.2 Cape Verde Color Cosmetics Market Imports from Major Countries |
8 Cape Verde Color Cosmetics Market Key Performance Indicators |
8.1 Number of beauty influencers collaborating with local color cosmetics brands |
8.2 Percentage of consumers in Cape Verde using social media for beauty inspiration |
8.3 Growth in the number of beauty stores and cosmetics outlets in key cities in Cape Verde. |
9 Cape Verde Color Cosmetics Market - Opportunity Assessment |
9.1 Cape Verde Color Cosmetics Market Opportunity Assessment, By Target Market, 2021 & 2031F |
9.2 Cape Verde Color Cosmetics Market Opportunity Assessment, By Distribution, 2021 & 2031F |
9.3 Cape Verde Color Cosmetics Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Cape Verde Color Cosmetics Market - Competitive Landscape |
10.1 Cape Verde Color Cosmetics Market Revenue Share, By Companies, 2024 |
10.2 Cape Verde Color Cosmetics Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |