| Product Code: ETC5011745 | Publication Date: Nov 2023 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 | |
The import shipments of carob powder to Grenada in 2024 showed a significant increase in concentration, with top exporting countries being the USA, Trinidad and Tobago, Guyana, Areas, nes, and Metropolitan France. The high HHI indicates a strong market dominance by these countries. The impressive CAGR of 20.45% from 2020 to 2024 reflects a robust growth trend, while the growth rate of 16.42% from 2023 to 2024 further demonstrates the expanding demand for carob powder in Grenada. This data suggests a positive outlook for the carob powder market in the region.
The Grenada Carob Powder Market is gaining recognition as a healthier alternative to cocoa in food and beverage applications. Carob powder, derived from the carob tree, is naturally sweet, caffeine-free, and rich in nutrients. It is increasingly used in baking, confectionery, and dietary supplements, appealing to health-conscious consumers. Local agricultural initiatives and growing global demand for plant-based ingredients present opportunities for market expansion.
The Grenada Carob Powder Market is experiencing growth driven by increasing consumer preference for natural and healthier sweeteners. Its use as a chocolate substitute in confectionery and bakery products has gained traction, especially among health-conscious consumers. Rising awareness of its nutritional benefits, including being caffeine-free and rich in fiber, further bolsters its demand.
The Grenada carob powder market is challenged by limited awareness of the health benefits of carob compared to more widely used substitutes like cocoa. While carob powder is a healthier alternative, its adoption is hindered by consumer preferences and the dominance of established products. The market is also impacted by the variability of carob supply due to changes in farming practices and climatic conditions. Furthermore, high production costs and competition from other plant-based powders and cocoa derivatives limit its expansion in Grenada.
Policies promoting the use of carob powder as a healthier alternative to cocoa have been introduced in Grenada. The government encourages local production and export, supported by agricultural subsidies and incentives for organic farming practices.
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 Powder Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Carob Powder Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Carob Powder Market - Industry Life Cycle |
3.4 Grenada Carob Powder Market - Porter's Five Forces |
3.5 Grenada Carob Powder Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
4 Grenada Carob Powder Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Grenada Carob Powder Market Trends |
6 Grenada Carob Powder Market Segmentations |
6.1 Grenada Carob Powder Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Grenada Carob Powder Market Revenues & Volume, By Natural Carob Powder, 2021-2031F |
6.1.3 Grenada Carob Powder Market Revenues & Volume, By Organic Carob Powder, 2021-2031F |
7 Grenada Carob Powder Market Import-Export Trade Statistics |
7.1 Grenada Carob Powder Market Export to Major Countries |
7.2 Grenada Carob Powder Market Imports from Major Countries |
8 Grenada Carob Powder Market Key Performance Indicators |
9 Grenada Carob Powder Market - Opportunity Assessment |
9.1 Grenada Carob Powder Market Opportunity Assessment, By Product Type, 2021 & 2031F |
10 Grenada Carob Powder Market - Competitive Landscape |
10.1 Grenada Carob Powder Market Revenue Share, By Companies, 2024 |
10.2 Grenada Carob Powder Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |