| Product Code: ETC7366286 | Publication Date: Sep 2024 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Summon Dutta | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, Grenada continued to see strong import shipments of carob chocolate, with key exporting countries being Trinidad and Tobago, USA, UK, Puerto Rico, and Colombia. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market, while the impressive Compound Annual Growth Rate (CAGR) of 17.15% from 2020 to 2024 highlights significant growth in demand. Additionally, the growth rate of 11.0% from 2023 to 2024 suggests sustained momentum in the market. Grenada`s appetite for carob chocolate imports is clearly on the rise, driven by diverse sources of supply.
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 Grenada Carob Chocolate Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Carob Chocolate Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Carob Chocolate Market - Industry Life Cycle |
3.4 Grenada Carob Chocolate Market - Porter's Five Forces |
3.5 Grenada Carob Chocolate Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.6 Grenada Carob Chocolate Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 Grenada Carob Chocolate Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing consumer demand for healthier and sustainable food options |
4.2.2 Growing awareness of the health benefits of carob as a cocoa alternative |
4.2.3 Rising trend of premium and artisanal chocolate products |
4.3 Market Restraints |
4.3.1 Limited availability of carob as compared to cocoa |
4.3.2 Higher production costs associated with sourcing and processing carob |
4.3.3 Competition from well-established cocoa-based chocolate brands |
5 Grenada Carob Chocolate Market Trends |
6 Grenada Carob Chocolate Market, By Types |
6.1 Grenada Carob Chocolate Market, By Product |
6.1.1 Overview and Analysis |
6.1.2 Grenada Carob Chocolate Market Revenues & Volume, By Product, 2021- 2031F |
6.1.3 Grenada Carob Chocolate Market Revenues & Volume, By Bars, 2021- 2031F |
6.1.4 Grenada Carob Chocolate Market Revenues & Volume, By Chips, 2021- 2031F |
6.1.5 Grenada Carob Chocolate Market Revenues & Volume, By Others, 2021- 2031F |
6.2 Grenada Carob Chocolate Market, By Distribution Channel |
6.2.1 Overview and Analysis |
6.2.2 Grenada Carob Chocolate Market Revenues & Volume, By Supermarkets & Hypermarkets, 2021- 2031F |
6.2.3 Grenada Carob Chocolate Market Revenues & Volume, By Convenience Stores & Drug Stores, 2021- 2031F |
6.2.4 Grenada Carob Chocolate Market Revenues & Volume, By Healthy & Specialty Stores, 2021- 2031F |
6.2.5 Grenada Carob Chocolate Market Revenues & Volume, By Others, 2021- 2031F |
7 Grenada Carob Chocolate Market Import-Export Trade Statistics |
7.1 Grenada Carob Chocolate Market Export to Major Countries |
7.2 Grenada Carob Chocolate Market Imports from Major Countries |
8 Grenada Carob Chocolate Market Key Performance Indicators |
8.1 Percentage of consumers actively seeking out carob-based chocolate products |
8.2 Number of new product launches featuring carob chocolate in the market |
8.3 Growth in retail distribution channels carrying grenada carob chocolate |
9 Grenada Carob Chocolate Market - Opportunity Assessment |
9.1 Grenada Carob Chocolate Market Opportunity Assessment, By Product, 2021 & 2031F |
9.2 Grenada Carob Chocolate Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
10 Grenada Carob Chocolate Market - Competitive Landscape |
10.1 Grenada Carob Chocolate Market Revenue Share, By Companies, 2024 |
10.2 Grenada Carob Chocolate 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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