| Product Code: ETC4757050 | Publication Date: Nov 2023 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
In 2024, Grenada continued to heavily rely on alfalfa hay imports, with the USA, Areas nes, Barbados, and Canada leading the way. Despite a high concentration level, the market saw a healthy compound annual growth rate of 10.81% from 2020 to 2024. However, there was a slight decline in growth rate from 2023 to 2024 at -19.45%. The consistent demand for alfalfa hay imports indicates a stable market, albeit with some fluctuations in growth rates.
In the North America region, the Alfalfa Hay market in Grenada is projected to expand at a stable growth rate of 2.38% by 2027. The largest economy is United States of America, followed by Canada, Trinidad and Tobago, Jamaica and Bahamas.

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 Alfalfa Hay Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Alfalfa Hay Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Alfalfa Hay Market - Industry Life Cycle |
3.4 Grenada Alfalfa Hay Market - Porter's Five Forces |
3.5 Grenada Alfalfa Hay Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Grenada Alfalfa Hay Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Grenada Alfalfa Hay Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Grenada Alfalfa Hay Market Trends |
6 Grenada Alfalfa Hay Market Segmentations |
6.1 Grenada Alfalfa Hay Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Grenada Alfalfa Hay Market Revenues & Volume, By Bales, 2021-2031F |
6.1.3 Grenada Alfalfa Hay Market Revenues & Volume, By Pellets, 2021-2031F |
6.1.4 Grenada Alfalfa Hay Market Revenues & Volume, By Cubes, 2021-2031F |
6.2 Grenada Alfalfa Hay Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Grenada Alfalfa Hay Market Revenues & Volume, By Dairy Animal Feed, 2021-2031F |
6.2.3 Grenada Alfalfa Hay Market Revenues & Volume, By Poultry Feed, 2021-2031F |
6.2.4 Grenada Alfalfa Hay Market Revenues & Volume, By Horse Feed, 2021-2031F |
6.2.5 Grenada Alfalfa Hay Market Revenues & Volume, By Other Applications, 2021-2031F |
7 Grenada Alfalfa Hay Market Import-Export Trade Statistics |
7.1 Grenada Alfalfa Hay Market Export to Major Countries |
7.2 Grenada Alfalfa Hay Market Imports from Major Countries |
8 Grenada Alfalfa Hay Market Key Performance Indicators |
9 Grenada Alfalfa Hay Market - Opportunity Assessment |
9.1 Grenada Alfalfa Hay Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Grenada Alfalfa Hay Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Grenada Alfalfa Hay Market - Competitive Landscape |
10.1 Grenada Alfalfa Hay Market Revenue Share, By Companies, 2024 |
10.2 Grenada Alfalfa Hay 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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