| Product Code: ETC4803710 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
Cape Verde continues to rely heavily on honey imports, with top exporting countries in 2024 being Portugal, Spain, Turkey, France, and the Netherlands. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market. Despite a negative compound annual growth rate (CAGR) from 2020-24, there was a significant growth spurt from 2023-24 at a rate of 34.26%. This suggests a recent uptick in demand for honey imports in Cape Verde, potentially driven by changing consumer preferences or market dynamics. Monitoring these trends can provide valuable insights for stakeholders in the honey industry.

The Honey market in Cabo Verde is projected to grow at a high growth rate of 14.48% by 2027, within the Africa region led by Egypt, along with other countries like South Africa, Ethiopia, Algeria and Nigeria, collectively shaping a dynamic and evolving market environment driven by innovation and increasing adoption of emerging technologies.

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 Honey Market Overview |
3.1 Cape Verde Country Macro Economic Indicators |
3.2 Cape Verde Honey Market Revenues & Volume, 2021 & 2031F |
3.3 Cape Verde Honey Market - Industry Life Cycle |
3.4 Cape Verde Honey Market - Porter's Five Forces |
3.5 Cape Verde Honey Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Cape Verde Honey Market Revenues & Volume Share, By Applications, 2021 & 2031F |
3.7 Cape Verde Honey Market Revenues & Volume Share, By Packaging, 2021 & 2031F |
4 Cape Verde Honey Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Cape Verde Honey Market Trends |
6 Cape Verde Honey Market Segmentations |
6.1 Cape Verde Honey Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Cape Verde Honey Market Revenues & Volume, By Alfalfa Honey, 2021-2031F |
6.1.3 Cape Verde Honey Market Revenues & Volume, By Wildflower Honey, 2021-2031F |
6.1.4 Cape Verde Honey Market Revenues & Volume, By Buckwheat Honey, 2021-2031F |
6.1.5 Cape Verde Honey Market Revenues & Volume, By Acacia Honey, 2021-2031F |
6.1.6 Cape Verde Honey Market Revenues & Volume, By Clover Honey, 2021-2031F |
6.1.7 Cape Verde Honey Market Revenues & Volume, By Others, 2021-2031F |
6.2 Cape Verde Honey Market, By Applications |
6.2.1 Overview and Analysis |
6.2.2 Cape Verde Honey Market Revenues & Volume, By Food and Beverage, 2021-2031F |
6.2.3 Cape Verde Honey Market Revenues & Volume, By Personal Care Products, 2021-2031F |
6.2.4 Cape Verde Honey Market Revenues & Volume, By Pharmaceuticals, 2021-2031F |
6.2.5 Cape Verde Honey Market Revenues & Volume, By Others, 2021-2031F |
6.3 Cape Verde Honey Market, By Packaging |
6.3.1 Overview and Analysis |
6.3.2 Cape Verde Honey Market Revenues & Volume, By Bottle, 2021-2031F |
6.3.3 Cape Verde Honey Market Revenues & Volume, By Jar, 2021-2031F |
6.3.4 Cape Verde Honey Market Revenues & Volume, By Tube, 2021-2031F |
6.3.5 Cape Verde Honey Market Revenues & Volume, By Tub, 2021-2031F |
6.3.6 Cape Verde Honey Market Revenues & Volume, By Others, 2021-2031F |
7 Cape Verde Honey Market Import-Export Trade Statistics |
7.1 Cape Verde Honey Market Export to Major Countries |
7.2 Cape Verde Honey Market Imports from Major Countries |
8 Cape Verde Honey Market Key Performance Indicators |
9 Cape Verde Honey Market - Opportunity Assessment |
9.1 Cape Verde Honey Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Cape Verde Honey Market Opportunity Assessment, By Applications, 2021 & 2031F |
9.3 Cape Verde Honey Market Opportunity Assessment, By Packaging, 2021 & 2031F |
10 Cape Verde Honey Market - Competitive Landscape |
10.1 Cape Verde Honey Market Revenue Share, By Companies, 2024 |
10.2 Cape Verde Honey 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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