| Product Code: ETC6320013 | Publication Date: Sep 2024 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Dhaval Chaurasia | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
Barbados continues to witness a substantial influx of rice-based products imports in 2024, with Trinidad and Tobago, USA, Dominican Republic, Poland, and Canada emerging as the top exporting countries. Despite a slight decline in growth rate from 2023 to 2024, the industry`s high concentration levels, as indicated by the Herfindahl-Hirschman Index (HHI), remain consistent. The impressive compound annual growth rate (CAGR) of 47.1% from 2020 to 2024 underscores the sustained demand for rice-based products in Barbados, highlighting the country`s reliance on these imports for its market needs.

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 Rice Based Products Market Overview |
3.1 Barbados Country Macro Economic Indicators |
3.2 Barbados Rice Based Products Market Revenues & Volume, 2021 & 2031F |
3.3 Barbados Rice Based Products Market - Industry Life Cycle |
3.4 Barbados Rice Based Products Market - Porter's Five Forces |
3.5 Barbados Rice Based Products Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.6 Barbados Rice Based Products Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
3.7 Barbados Rice Based Products Market Revenues & Volume Share, By Type, 2021 & 2031F |
4 Barbados Rice Based Products Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing health consciousness leading to higher demand for healthier food options like rice-based products |
4.2.2 Growing trend of vegetarian and vegan diets driving the demand for plant-based alternatives |
4.2.3 Rising awareness about gluten-free diets increasing the demand for rice-based products as a gluten-free option |
4.3 Market Restraints |
4.3.1 Fluctuating prices of rice impacting the cost of production for rice-based products |
4.3.2 Limited availability of locally sourced rice leading to dependence on imports for raw materials |
5 Barbados Rice Based Products Market Trends |
6 Barbados Rice Based Products Market, By Types |
6.1 Barbados Rice Based Products Market, By Product |
6.1.1 Overview and Analysis |
6.1.2 Barbados Rice Based Products Market Revenues & Volume, By Product, 2021- 2031F |
6.1.3 Barbados Rice Based Products Market Revenues & Volume, By Rice Snacks, 2021- 2031F |
6.1.4 Barbados Rice Based Products Market Revenues & Volume, By Rice Noodles, 2021- 2031F |
6.1.5 Barbados Rice Based Products Market Revenues & Volume, By Rice Puddings, 2021- 2031F |
6.1.6 Barbados Rice Based Products Market Revenues & Volume, By Rice Cakes, 2021- 2031F |
6.1.7 Barbados Rice Based Products Market Revenues & Volume, By Rice Balls, 2021- 2031F |
6.1.8 Barbados Rice Based Products Market Revenues & Volume, By Others, 2021- 2031F |
6.2 Barbados Rice Based Products Market, By Distribution Channel |
6.2.1 Overview and Analysis |
6.2.2 Barbados Rice Based Products Market Revenues & Volume, By Supermarkets/Hypermarkets, 2021- 2031F |
6.2.3 Barbados Rice Based Products Market Revenues & Volume, By Online, 2021- 2031F |
6.2.4 Barbados Rice Based Products Market Revenues & Volume, By Others, 2021- 2031F |
6.3 Barbados Rice Based Products Market, By Type |
6.3.1 Overview and Analysis |
6.3.2 Barbados Rice Based Products Market Revenues & Volume, By Conventional, 2021- 2031F |
6.3.3 Barbados Rice Based Products Market Revenues & Volume, By Organic, 2021- 2031F |
7 Barbados Rice Based Products Market Import-Export Trade Statistics |
7.1 Barbados Rice Based Products Market Export to Major Countries |
7.2 Barbados Rice Based Products Market Imports from Major Countries |
8 Barbados Rice Based Products Market Key Performance Indicators |
8.1 Consumer awareness and perception of rice-based products as healthy alternatives |
8.2 Number of new product launches in the rice-based products category |
8.3 Average spending on rice-based products by consumers |
9 Barbados Rice Based Products Market - Opportunity Assessment |
9.1 Barbados Rice Based Products Market Opportunity Assessment, By Product, 2021 & 2031F |
9.2 Barbados Rice Based Products Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
9.3 Barbados Rice Based Products Market Opportunity Assessment, By Type, 2021 & 2031F |
10 Barbados Rice Based Products Market - Competitive Landscape |
10.1 Barbados Rice Based Products Market Revenue Share, By Companies, 2024 |
10.2 Barbados Rice Based Products 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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