| Product Code: ETC6681439 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Dhaval Chaurasia | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
Cape Verde continues to see strong growth in licorice root imports, with top exporting countries in 2024 being Portugal, Spain, Italy, Senegal, and China. The market remains highly concentrated, with a high Herfindahl-Hirschman Index (HHI) indicating dominant market players. The compound annual growth rate (CAGR) from 2020 to 2024 is steady at 2.57%, with an impressive growth rate of 30.25% from 2023 to 2024, reflecting increasing demand and opportunities in the licorice root market 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 Licorice Root Market Overview |
3.1 Cape Verde Country Macro Economic Indicators |
3.2 Cape Verde Licorice Root Market Revenues & Volume, 2021 & 2031F |
3.3 Cape Verde Licorice Root Market - Industry Life Cycle |
3.4 Cape Verde Licorice Root Market - Porter's Five Forces |
3.5 Cape Verde Licorice Root Market Revenues & Volume Share, By Product Form, 2021 & 2031F |
3.6 Cape Verde Licorice Root Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.7 Cape Verde Licorice Root Market Revenues & Volume Share, By Function Type, 2021 & 2031F |
3.8 Cape Verde Licorice Root Market Revenues & Volume Share, By Grade Type, 2021 & 2031F |
3.9 Cape Verde Licorice Root Market Revenues & Volume Share, By Raw Material Type, 2021 & 2031F |
3.10 Cape Verde Licorice Root Market Revenues & Volume Share, By Ingredient Type, 2021 & 2031F |
3.11 Cape Verde Licorice Root Market Revenues & Volume Share, By End User, 2021 & 2031F |
4 Cape Verde Licorice Root Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Cape Verde Licorice Root Market Trends |
6 Cape Verde Licorice Root Market, By Types |
6.1 Cape Verde Licorice Root Market, By Product Form |
6.1.1 Overview and Analysis |
6.1.2 Cape Verde Licorice Root Market Revenues & Volume, By Product Form, 2021- 2031F |
6.1.3 Cape Verde Licorice Root Market Revenues & Volume, By Roots, 2021- 2031F |
6.1.4 Cape Verde Licorice Root Market Revenues & Volume, By Extracts, 2021- 2031F |
6.2 Cape Verde Licorice Root Market, By Product Type |
6.2.1 Overview and Analysis |
6.2.2 Cape Verde Licorice Root Market Revenues & Volume, By Essential Oils, 2021- 2031F |
6.2.3 Cape Verde Licorice Root Market Revenues & Volume, By Liquid Malt Extract, 2021- 2031F |
6.2.4 Cape Verde Licorice Root Market Revenues & Volume, By Oleoresins, 2021- 2031F |
6.2.5 Cape Verde Licorice Root Market Revenues & Volume, By Herbs and Spices Dry Malt Extract, 2021- 2031F |
6.2.6 Cape Verde Licorice Root Market Revenues & Volume, By Malt Flour, 2021- 2031F |
6.3 Cape Verde Licorice Root Market, By Function Type |
6.3.1 Overview and Analysis |
6.3.2 Cape Verde Licorice Root Market Revenues & Volume, By Performance Enhancers, 2021- 2031F |
6.3.3 Cape Verde Licorice Root Market Revenues & Volume, By Palatability Enhancers, 2021- 2031F |
6.4 Cape Verde Licorice Root Market, By Grade Type |
6.4.1 Overview and Analysis |
6.4.2 Cape Verde Licorice Root Market Revenues & Volume, By Standard Malt, 2021- 2031F |
6.4.3 Cape Verde Licorice Root Market Revenues & Volume, By Caramelized Malt, 2021- 2031F |
6.4.4 Cape Verde Licorice Root Market Revenues & Volume, By Roasted Malt, 2021- 2031F |
6.5 Cape Verde Licorice Root Market, By Raw Material Type |
6.5.1 Overview and Analysis |
6.5.2 Cape Verde Licorice Root Market Revenues & Volume, By Maize, 2021- 2031F |
6.5.3 Cape Verde Licorice Root Market Revenues & Volume, By Barley, 2021- 2031F |
6.5.4 Cape Verde Licorice Root Market Revenues & Volume, By Wheat, 2021- 2031F |
6.5.5 Cape Verde Licorice Root Market Revenues & Volume, By Rice, 2021- 2031F |
6.5.6 Cape Verde Licorice Root Market Revenues & Volume, By Rye, 2021- 2031F |
6.5.7 Cape Verde Licorice Root Market Revenues & Volume, By Oat, 2021- 2031F |
6.6 Cape Verde Licorice Root Market, By Ingredient Type |
6.6.1 Overview and Analysis |
6.6.2 Cape Verde Licorice Root Market Revenues & Volume, By Lipids, 2021- 2031F |
6.6.3 Cape Verde Licorice Root Market Revenues & Volume, By Protein, 2021- 2031F |
6.6.4 Cape Verde Licorice Root Market Revenues & Volume, By Polysaccharide, 2021- 2031F |
6.6.5 Cape Verde Licorice Root Market Revenues & Volume, By Others, 2021- 2031F |
6.7 Cape Verde Licorice Root Market, By End User |
6.7.1 Overview and Analysis |
6.7.2 Cape Verde Licorice Root Market Revenues & Volume, By Food and Beverage Industry, 2021- 2031F |
6.7.3 Cape Verde Licorice Root Market Revenues & Volume, By Tobacco Industry, 2021- 2031F |
6.7.4 Cape Verde Licorice Root Market Revenues & Volume, By Cosmetic Industry, 2021- 2031F |
6.7.5 Cape Verde Licorice Root Market Revenues & Volume, By Cosmetic Industry, 2021- 2031F |
6.7.6 Cape Verde Licorice Root Market Revenues & Volume, By Dietary Supplement, 2021- 2031F |
7 Cape Verde Licorice Root Market Import-Export Trade Statistics |
7.1 Cape Verde Licorice Root Market Export to Major Countries |
7.2 Cape Verde Licorice Root Market Imports from Major Countries |
8 Cape Verde Licorice Root Market Key Performance Indicators |
9 Cape Verde Licorice Root Market - Opportunity Assessment |
9.1 Cape Verde Licorice Root Market Opportunity Assessment, By Product Form, 2021 & 2031F |
9.2 Cape Verde Licorice Root Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.3 Cape Verde Licorice Root Market Opportunity Assessment, By Function Type, 2021 & 2031F |
9.4 Cape Verde Licorice Root Market Opportunity Assessment, By Grade Type, 2021 & 2031F |
9.5 Cape Verde Licorice Root Market Opportunity Assessment, By Raw Material Type, 2021 & 2031F |
9.6 Cape Verde Licorice Root Market Opportunity Assessment, By Ingredient Type, 2021 & 2031F |
9.7 Cape Verde Licorice Root Market Opportunity Assessment, By End User, 2021 & 2031F |
10 Cape Verde Licorice Root Market - Competitive Landscape |
10.1 Cape Verde Licorice Root Market Revenue Share, By Companies, 2024 |
10.2 Cape Verde Licorice Root 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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