| Product Code: ETC5012254 | 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 |
The commercial seaweed import market in Cape Verde continues to show strong growth, with a high concentration of imports from top countries such as Portugal, Senegal, Guinea-Bissau, Spain, and China. The Herfindahl-Hirschman Index (HHI) remained at a very high level in 2024, indicating a concentrated market structure. The impressive Compound Annual Growth Rate (CAGR) of 83.85% from 2020 to 2024 underscores the increasing demand for seaweed imports in Cape Verde. Furthermore, the growth rate of 12.11% from 2023 to 2024 suggests a sustained momentum in the market.

The commercial seaweed market in Cape Verde is emerging, driven by the growing demand for seaweed-based products in the food, pharmaceutical, and cosmetic industries. The market benefits from the increasing awareness of the health benefits of seaweed, as well as its use in sustainable agriculture practices. Expansion is supported by government initiatives promoting marine aquaculture.
The Cape Verde commercial seaweed market is driven by the growing demand for seaweed-based products in food, cosmetics, and pharmaceuticals. The increasing awareness of the nutritional benefits of seaweed and its use as a natural ingredient in various applications fuel market growth. Additionally, government initiatives to promote sustainable aquaculture practices and the rising demand for organic and natural products further boost the market.
The commercial seaweed market in Cape Verde faces challenges related to the limited scale of seaweed farming and the lack of infrastructure for processing and exporting seaweed products. The market is also affected by environmental concerns such as ocean pollution and overfishing, which impact seaweed growth and quality. Additionally, a lack of awareness and technical expertise in seaweed farming techniques hinders market expansion.
To diversify the economy and promote sustainable aquaculture, the Cape Verde government has introduced policies supporting the commercial seaweed market. These policies include grants and subsidies for seaweed farming, research and development funding, and support for export initiatives. The government also emphasizes sustainable farming practices and environmental conservation in the seaweed industry.
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 Commercial Seaweed Market Overview |
3.1 Cape Verde Country Macro Economic Indicators |
3.2 Cape Verde Commercial Seaweed Market Revenues & Volume, 2021 & 2031F |
3.3 Cape Verde Commercial Seaweed Market - Industry Life Cycle |
3.4 Cape Verde Commercial Seaweed Market - Porter's Five Forces |
3.5 Cape Verde Commercial Seaweed Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.6 Cape Verde Commercial Seaweed Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 Cape Verde Commercial Seaweed Market Revenues & Volume Share, By Form, 2021 & 2031F |
4 Cape Verde Commercial Seaweed Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Cape Verde Commercial Seaweed Market Trends |
6 Cape Verde Commercial Seaweed Market Segmentations |
6.1 Cape Verde Commercial Seaweed Market, By Product |
6.1.1 Overview and Analysis |
6.1.2 Cape Verde Commercial Seaweed Market Revenues & Volume, By Brown seaweeds, 2021-2031F |
6.1.3 Cape Verde Commercial Seaweed Market Revenues & Volume, By Red seaweeds, 2021-2031F |
6.1.4 Cape Verde Commercial Seaweed Market Revenues & Volume, By Green seaweeds, 2021-2031F |
6.2 Cape Verde Commercial Seaweed Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Cape Verde Commercial Seaweed Market Revenues & Volume, By Agriculture, 2021-2031F |
6.2.3 Cape Verde Commercial Seaweed Market Revenues & Volume, By Animal Feed, 2021-2031F |
6.2.4 Cape Verde Commercial Seaweed Market Revenues & Volume, By Human Consumption, 2021-2031F |
6.2.5 Cape Verde Commercial Seaweed Market Revenues & Volume, By Others, 2021-2031F |
6.3 Cape Verde Commercial Seaweed Market, By Form |
6.3.1 Overview and Analysis |
6.3.2 Cape Verde Commercial Seaweed Market Revenues & Volume, By Liquid, 2021-2031F |
6.3.3 Cape Verde Commercial Seaweed Market Revenues & Volume, By Powdered, 2021-2031F |
6.3.4 Cape Verde Commercial Seaweed Market Revenues & Volume, By Flakes, 2021-2031F |
7 Cape Verde Commercial Seaweed Market Import-Export Trade Statistics |
7.1 Cape Verde Commercial Seaweed Market Export to Major Countries |
7.2 Cape Verde Commercial Seaweed Market Imports from Major Countries |
8 Cape Verde Commercial Seaweed Market Key Performance Indicators |
9 Cape Verde Commercial Seaweed Market - Opportunity Assessment |
9.1 Cape Verde Commercial Seaweed Market Opportunity Assessment, By Product, 2021 & 2031F |
9.2 Cape Verde Commercial Seaweed Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 Cape Verde Commercial Seaweed Market Opportunity Assessment, By Form, 2021 & 2031F |
10 Cape Verde Commercial Seaweed Market - Competitive Landscape |
10.1 Cape Verde Commercial Seaweed Market Revenue Share, By Companies, 2024 |
10.2 Cape Verde Commercial Seaweed Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |