| Product Code: ETC5008929 | 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 |
In 2024, Cape Verde continued to see a high concentration of soup imports, with top exporting countries being Portugal, Turkey, Spain, USA, and Netherlands. Despite a slight decline in growth rate from 2023 to 2024, the compound annual growth rate (CAGR) from 2020 to 2024 remained strong at 6.99%. This data indicates a steady demand for soup imports in Cape Verde, with key trading partners maintaining their positions in the market.

The Soups market in Cabo Verde is projected to grow at a growing growth rate of 5.78% by 2027, highlighting the country's increasing focus on advanced technologies within the Africa region, where Egypt holds the dominant position, followed closely by South Africa, Ethiopia, Algeria and Nigeria, shaping overall regional demand.

Cape Verde`s soups market is responding to consumer demand for convenient and nutritious meal options. This market includes a diverse range of products, from canned soups to instant varieties, catering to a wide array of tastes and preferences. The market is expected to grow as busy lifestyles and a focus on easy-to-prepare food products drive consumer choices.
The soups market in Cape Verde is driven by changing consumer preferences towards convenience foods and ready-to-eat meals. The increasing urban population and busy lifestyles encourage the consumption of packaged soups, which offer a quick and easy meal solution.
Cape Verde`s soups market is constrained by the limited demand from consumers and the high costs associated with importing soup ingredients and products. The lack of local manufacturing capabilities and the need for advanced technology to produce high-quality soups further restrict market growth. Additionally, there is limited awareness about the benefits of using locally sourced ingredients in soups, which can reduce market penetration and hinder the competitiveness of local producers.
Government policies in Cape Verde related to the soups market focus on supporting the growth of the food processing industry and promoting healthy eating habits. The government encourages the production and consumption of nutritious soups through tax incentives for local manufacturers and importers. Regulatory standards are also enforced to ensure the safety and quality of soups sold in the market. However, the market faces challenges such as high production costs and competition from imported products, requiring continuous government support for local manufacturers and investment in food processing infrastructure.
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 Soups Market Overview |
3.1 Cape Verde Country Macro Economic Indicators |
3.2 Cape Verde Soups Market Revenues & Volume, 2021 & 2031F |
3.3 Cape Verde Soups Market - Industry Life Cycle |
3.4 Cape Verde Soups Market - Porter's Five Forces |
3.5 Cape Verde Soups Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Cape Verde Soups Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 Cape Verde Soups Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Cape Verde Soups Market Trends |
6 Cape Verde Soups Market Segmentations |
6.1 Cape Verde Soups Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Cape Verde Soups Market Revenues & Volume, By Dry, 2021-2031F |
6.1.3 Cape Verde Soups Market Revenues & Volume, By Wet, 2021-2031F |
6.1.4 Cape Verde Soups Market Revenues & Volume, By Others, 2021-2031F |
6.2 Cape Verde Soups Market, By Distribution Channel |
6.2.1 Overview and Analysis |
6.2.2 Cape Verde Soups Market Revenues & Volume, By Supermarkets & Hypermarkets, 2021-2031F |
6.2.3 Cape Verde Soups Market Revenues & Volume, By Convenience Stores, 2021-2031F |
6.2.4 Cape Verde Soups Market Revenues & Volume, By Others, 2021-2031F |
7 Cape Verde Soups Market Import-Export Trade Statistics |
7.1 Cape Verde Soups Market Export to Major Countries |
7.2 Cape Verde Soups Market Imports from Major Countries |
8 Cape Verde Soups Market Key Performance Indicators |
9 Cape Verde Soups Market - Opportunity Assessment |
9.1 Cape Verde Soups Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Cape Verde Soups Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
10 Cape Verde Soups Market - Competitive Landscape |
10.1 Cape Verde Soups Market Revenue Share, By Companies, 2024 |
10.2 Cape Verde Soups 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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