| Product Code: ETC6687729 | 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 |
In 2024, Cape Verde continued to heavily rely on rice flour imports with top exporting countries being Portugal, Spain, Belgium, Brazil, and France. The High Herfindahl-Hirschman Index (HHI) indicates a concentrated market with steady growth, as shown by the impressive compound annual growth rate (CAGR) of 22.76% from 2020 to 2024. However, a slight decline in the growth rate from 2023 to 2024 highlights potential market challenges that may have impacted the import shipments in the most recent year.

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 Rice Flour Market Overview |
3.1 Cape Verde Country Macro Economic Indicators |
3.2 Cape Verde Rice Flour Market Revenues & Volume, 2021 & 2031F |
3.3 Cape Verde Rice Flour Market - Industry Life Cycle |
3.4 Cape Verde Rice Flour Market - Porter's Five Forces |
3.5 Cape Verde Rice Flour Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Cape Verde Rice Flour Market Revenues & Volume Share, By End-use, 2021 & 2031F |
4 Cape Verde Rice Flour Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing consumer awareness about gluten-free and healthier alternatives |
4.2.2 Rising demand for rice-based products due to dietary preferences and allergies |
4.2.3 Growing popularity of Cape Verdean cuisine globally |
4.3 Market Restraints |
4.3.1 Fluctuating prices of rice due to external factors like weather conditions and trade policies |
4.3.2 Limited availability of high-quality rice for flour production |
4.3.3 Competition from other gluten-free flour alternatives like almond flour and coconut flour |
5 Cape Verde Rice Flour Market Trends |
6 Cape Verde Rice Flour Market, By Types |
6.1 Cape Verde Rice Flour Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Cape Verde Rice Flour Market Revenues & Volume, By Type, 2021- 2031F |
6.1.3 Cape Verde Rice Flour Market Revenues & Volume, By Long Grain, 2021- 2031F |
6.1.4 Cape Verde Rice Flour Market Revenues & Volume, By Medium & Short Grain, 2021- 2031F |
6.2 Cape Verde Rice Flour Market, By End-use |
6.2.1 Overview and Analysis |
6.2.2 Cape Verde Rice Flour Market Revenues & Volume, By Bakery & Confectionery, 2021- 2031F |
6.2.3 Cape Verde Rice Flour Market Revenues & Volume, By Breakfast Solutions, 2021- 2031F |
6.2.4 Cape Verde Rice Flour Market Revenues & Volume, By Baby Food, 2021- 2031F |
6.2.5 Cape Verde Rice Flour Market Revenues & Volume, By Others, 2021- 2031F |
7 Cape Verde Rice Flour Market Import-Export Trade Statistics |
7.1 Cape Verde Rice Flour Market Export to Major Countries |
7.2 Cape Verde Rice Flour Market Imports from Major Countries |
8 Cape Verde Rice Flour Market Key Performance Indicators |
8.1 Percentage of consumers purchasing rice flour products for dietary reasons |
8.2 Number of new rice flour product launches in the market |
8.3 Growth in the number of Cape Verdean restaurants worldwide offering rice flour-based dishes |
9 Cape Verde Rice Flour Market - Opportunity Assessment |
9.1 Cape Verde Rice Flour Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Cape Verde Rice Flour Market Opportunity Assessment, By End-use, 2021 & 2031F |
10 Cape Verde Rice Flour Market - Competitive Landscape |
10.1 Cape Verde Rice Flour Market Revenue Share, By Companies, 2024 |
10.2 Cape Verde Rice Flour 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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