| Product Code: ETC5814890 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
In 2024, Cape Verde continued to heavily rely on food additive imports, with top countries such as Spain, Portugal, Italy, and the United States dominating the market. Despite a high concentration level indicated by the Herfindahl-Hirschman Index (HHI), the industry experienced a significant compound annual growth rate (CAGR) of 29.38% from 2020 to 2024. However, there was a noticeable decline in growth rate from 2023 to 2024 at -39.24%, suggesting potential shifts in market dynamics or external factors impacting the import shipments of food additives in Cape Verde.

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 Food Additives Market Overview |
3.1 Cape Verde Country Macro Economic Indicators |
3.2 Cape Verde Food Additives Market Revenues & Volume, 2021 & 2031F |
3.3 Cape Verde Food Additives Market - Industry Life Cycle |
3.4 Cape Verde Food Additives Market - Porter's Five Forces |
3.5 Cape Verde Food Additives Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Cape Verde Food Additives Market Revenues & Volume Share, By Source, 2021 & 2031F |
3.7 Cape Verde Food Additives Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Cape Verde Food Additives Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for processed and convenience foods in Cape Verde |
4.2.2 Growing awareness about health and wellness leading to a preference for clean label and natural food additives |
4.2.3 Government initiatives promoting food safety and quality standards in the country |
4.3 Market Restraints |
4.3.1 Lack of local production facilities for food additives leading to dependency on imports |
4.3.2 Fluctuating prices of raw materials impacting the cost of food additives in Cape Verde |
4.3.3 Limited consumer knowledge and skepticism towards the use of food additives in products |
5 Cape Verde Food Additives Market Trends |
6 Cape Verde Food Additives Market Segmentations |
6.1 Cape Verde Food Additives Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Cape Verde Food Additives Market Revenues & Volume, By Acidulants, 2021-2031F |
6.1.3 Cape Verde Food Additives Market Revenues & Volume, By Colors, 2021-2031F |
6.1.4 Cape Verde Food Additives Market Revenues & Volume, By Emulsifiers, 2021-2031F |
6.1.5 Cape Verde Food Additives Market Revenues & Volume, By Flavors, 2021-2031F |
6.1.6 Cape Verde Food Additives Market Revenues & Volume, By Hydrocolloids, 2021-2031F |
6.1.7 Cape Verde Food Additives Market Revenues & Volume, By Preservatives, 2021-2031F |
6.2 Cape Verde Food Additives Market, By Source |
6.2.1 Overview and Analysis |
6.2.2 Cape Verde Food Additives Market Revenues & Volume, By Natural, 2021-2031F |
6.2.3 Cape Verde Food Additives Market Revenues & Volume, By Synthetic, 2021-2031F |
6.3 Cape Verde Food Additives Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Cape Verde Food Additives Market Revenues & Volume, By Bakery & Confectionery, 2021-2031F |
6.3.3 Cape Verde Food Additives Market Revenues & Volume, By Beverages, 2021-2031F |
6.3.4 Cape Verde Food Additives Market Revenues & Volume, By Dairy & Frozen Desserts, 2021-2031F |
7 Cape Verde Food Additives Market Import-Export Trade Statistics |
7.1 Cape Verde Food Additives Market Export to Major Countries |
7.2 Cape Verde Food Additives Market Imports from Major Countries |
8 Cape Verde Food Additives Market Key Performance Indicators |
8.1 Consumer awareness and acceptance of clean label food additives in Cape Verde |
8.2 Adoption rate of food safety and quality standards by local food manufacturers |
8.3 Growth in the number of food additive suppliers and distributors in the Cape Verde market |
9 Cape Verde Food Additives Market - Opportunity Assessment |
9.1 Cape Verde Food Additives Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Cape Verde Food Additives Market Opportunity Assessment, By Source, 2021 & 2031F |
9.3 Cape Verde Food Additives Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Cape Verde Food Additives Market - Competitive Landscape |
10.1 Cape Verde Food Additives Market Revenue Share, By Companies, 2024 |
10.2 Cape Verde Food Additives Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |