| Product Code: ETC6323439 | Publication Date: Sep 2024 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sumit Sagar | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, Barbados continued to see a high concentration of vermouth import shipments, with top exporters being Jamaica, USA, Metropolitan France, South Africa, and Italy. Despite a negative Compound Annual Growth Rate (CAGR) of -9.35% from 2020 to 2024 and a significant decline in growth rate of -34.58% from 2023 to 2024, the market remains robust. This data suggests a challenging landscape for vermouth imports to Barbados, highlighting the need for strategic marketing and distribution efforts to stimulate demand.

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 Barbados Vermouth Market Overview |
3.1 Barbados Country Macro Economic Indicators |
3.2 Barbados Vermouth Market Revenues & Volume, 2021 & 2031F |
3.3 Barbados Vermouth Market - Industry Life Cycle |
3.4 Barbados Vermouth Market - Porter's Five Forces |
3.5 Barbados Vermouth Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Barbados Vermouth Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Barbados Vermouth Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing consumer preference for craft cocktails and premium spirits |
4.2.2 Increasing trend of socializing at bars and restaurants |
4.2.3 Rising disposable income and changing lifestyles in Barbados |
4.3 Market Restraints |
4.3.1 Stringent regulations on alcohol advertising and promotion |
4.3.2 Competition from other alcoholic beverages in the market |
4.3.3 Fluctuating raw material prices impacting production costs |
5 Barbados Vermouth Market Trends |
6 Barbados Vermouth Market, By Types |
6.1 Barbados Vermouth Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Barbados Vermouth Market Revenues & Volume, By Type, 2021- 2031F |
6.1.3 Barbados Vermouth Market Revenues & Volume, By Supermarkets and Hypermarkets, 2021- 2031F |
6.1.4 Barbados Vermouth Market Revenues & Volume, By Specialist Retailers, 2021- 2031F |
6.1.5 Barbados Vermouth Market Revenues & Volume, By Convenience Stores, 2021- 2031F |
6.1.6 Barbados Vermouth Market Revenues & Volume, By Online, 2021- 2031F |
6.2 Barbados Vermouth Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Barbados Vermouth Market Revenues & Volume, By Sweet Vermouth, 2021- 2031F |
6.2.3 Barbados Vermouth Market Revenues & Volume, By Dry Vermouth, 2021- 2031F |
6.2.4 Barbados Vermouth Market Revenues & Volume, By Bianco Vermouth, 2021- 2031F |
7 Barbados Vermouth Market Import-Export Trade Statistics |
7.1 Barbados Vermouth Market Export to Major Countries |
7.2 Barbados Vermouth Market Imports from Major Countries |
8 Barbados Vermouth Market Key Performance Indicators |
8.1 Number of new cocktail bars and restaurants offering vermouth-based drinks |
8.2 Consumer surveys indicating preference for premium vermouth brands |
8.3 Growth in tourism industry leading to higher demand for vermouth in Barbados |
9 Barbados Vermouth Market - Opportunity Assessment |
9.1 Barbados Vermouth Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Barbados Vermouth Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Barbados Vermouth Market - Competitive Landscape |
10.1 Barbados Vermouth Market Revenue Share, By Companies, 2024 |
10.2 Barbados Vermouth 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.
To discover high-growth global markets and optimize your business strategy:
Click Here