| Product Code: ETC5002944 | 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 |
Cape Verde`s import of yeast extract saw a significant shift in 2024, with top exporters being Netherlands, Spain, Portugal, Belgium, and the USA. Despite a decrease in growth rate from 2023 to 2024, the compound annual growth rate (CAGR) over the period of 2020-2024 was impressive at 14.08%. The Herfindahl-Hirschman Index (HHI) indicated a high level of market concentration in 2023, which continued into 2024. This data suggests a competitive market landscape in Cape Verde for yeast extract imports, with potential opportunities for further market expansion and diversification.

Cape Verdes yeast extract market includes products derived from yeast used primarily as flavor enhancers in the food and beverage industry. Yeast extract is valued for its rich umami taste and is used in a variety of products, from soups and sauces to snacks and spreads. With the increasing popularity of savory and umami-rich foods, the demand for yeast extract in Cape Verde is anticipated to grow, supported by both local production and imports.
The yeast extract market in Cape Verde is influenced by the demand for this flavor-enhancing and nutritious ingredient used in food and beverage products. Yeast extract is valued for its umami flavor and nutritional benefits, making it a popular ingredient in soups, sauces, and savory snacks. The growing focus on natural and flavor-enhancing ingredients, along with the rise in demand for processed and convenience foods, drives market growth. Additionally, advancements in yeast extract production and applications contribute to market expansion.
Cape Verde`s yeast extract market faces challenges due to high import costs and limited local demand. The absence of domestic production and support facilities restricts market growth. Furthermore, there is insufficient awareness about the benefits of yeast extract in various culinary and industrial applications, which impacts market adoption.
Cape Verdes yeast extract market is influenced by food safety and agricultural policies that support the production and use of yeast extract in food products. The government enforces regulations to ensure the quality and safety of yeast extract used in food processing. Policies focus on expanding local production capabilities and improving access to yeast extract for various food applications. There is also an emphasis on promoting sustainable practices in yeast extract production.
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 Yeast Extract Market Overview |
3.1 Cape Verde Country Macro Economic Indicators |
3.2 Cape Verde Yeast Extract Market Revenues & Volume, 2021 & 2031F |
3.3 Cape Verde Yeast Extract Market - Industry Life Cycle |
3.4 Cape Verde Yeast Extract Market - Porter's Five Forces |
3.5 Cape Verde Yeast Extract Market Revenues & Volume Share, By Technology, 2021 & 2031F |
3.6 Cape Verde Yeast Extract Market Revenues & Volume Share, By Form, 2021 & 2031F |
3.7 Cape Verde Yeast Extract Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Cape Verde Yeast Extract Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Cape Verde Yeast Extract Market Trends |
6 Cape Verde Yeast Extract Market Segmentations |
6.1 Cape Verde Yeast Extract Market, By Technology |
6.1.1 Overview and Analysis |
6.1.2 Cape Verde Yeast Extract Market Revenues & Volume, By Autolyzed, 2021-2031F |
6.1.3 Cape Verde Yeast Extract Market Revenues & Volume, By Hydrolyzed, 2021-2031F |
6.2 Cape Verde Yeast Extract Market, By Form |
6.2.1 Overview and Analysis |
6.2.2 Cape Verde Yeast Extract Market Revenues & Volume, By Powder, 2021-2031F |
6.2.3 Cape Verde Yeast Extract Market Revenues & Volume, By Paste, 2021-2031F |
6.2.4 Cape Verde Yeast Extract Market Revenues & Volume, By Flakes, 2021-2031F |
6.3 Cape Verde Yeast Extract Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Cape Verde Yeast Extract Market Revenues & Volume, By Food & Beverages, 2021-2031F |
6.3.3 Cape Verde Yeast Extract Market Revenues & Volume, By Animal Feed, 2021-2031F |
6.3.4 Cape Verde Yeast Extract Market Revenues & Volume, By Pharmaceuticals, 2021-2031F |
6.3.5 Cape Verde Yeast Extract Market Revenues & Volume, By Others, 2021-2031F |
7 Cape Verde Yeast Extract Market Import-Export Trade Statistics |
7.1 Cape Verde Yeast Extract Market Export to Major Countries |
7.2 Cape Verde Yeast Extract Market Imports from Major Countries |
8 Cape Verde Yeast Extract Market Key Performance Indicators |
9 Cape Verde Yeast Extract Market - Opportunity Assessment |
9.1 Cape Verde Yeast Extract Market Opportunity Assessment, By Technology, 2021 & 2031F |
9.2 Cape Verde Yeast Extract Market Opportunity Assessment, By Form, 2021 & 2031F |
9.3 Cape Verde Yeast Extract Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Cape Verde Yeast Extract Market - Competitive Landscape |
10.1 Cape Verde Yeast Extract Market Revenue Share, By Companies, 2024 |
10.2 Cape Verde Yeast Extract 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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