| Product Code: ETC12157798 | Publication Date: Apr 2025 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sachin Kumar Rai | No. of Pages: 65 | No. of Figures: 34 | No. of Tables: 19 |
In 2024, Grenada continued to rely on key fava bean imports from Trinidad and Tobago, USA, Puerto Rico, Canada, and other areas. The high Herfindahl-Hirschman Index (HHI) concentration indicates a dominant market presence. Despite a healthy compound annual growth rate (CAGR) of 5.32% from 2020 to 2024, there was a notable decline in growth from 2023 to 2024 at -10.28%. This shift suggests potential market challenges or changes in consumer demand, prompting a closer look at future import strategies for fava beans in Grenada.
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 Fava Bean Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Fava Bean Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Fava Bean Market - Industry Life Cycle |
3.4 Grenada Fava Bean Market - Porter's Five Forces |
3.5 Grenada Fava Bean Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Grenada Fava Bean Market Revenues & Volume Share, By Technology Type, 2021 & 2031F |
3.7 Grenada Fava Bean Market Revenues & Volume Share, By End User, 2021 & 2031F |
3.8 Grenada Fava Bean Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Grenada Fava Bean Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Grenada Fava Bean Market Trends |
6 Grenada Fava Bean Market, By Types |
6.1 Grenada Fava Bean Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Grenada Fava Bean Market Revenues & Volume, By Product Type, 2021 - 2031F |
6.1.3 Grenada Fava Bean Market Revenues & Volume, By Raw Fava Beans, 2021 - 2031F |
6.1.4 Grenada Fava Bean Market Revenues & Volume, By Fava Bean Flour, 2021 - 2031F |
6.1.5 Grenada Fava Bean Market Revenues & Volume, By Fava Bean Protein, 2021 - 2031F |
6.1.6 Grenada Fava Bean Market Revenues & Volume, By Processed Fava Beans, 2021 - 2031F |
6.2 Grenada Fava Bean Market, By Technology Type |
6.2.1 Overview and Analysis |
6.2.2 Grenada Fava Bean Market Revenues & Volume, By Organic Farming, 2021 - 2031F |
6.2.3 Grenada Fava Bean Market Revenues & Volume, By Milling Process, 2021 - 2031F |
6.2.4 Grenada Fava Bean Market Revenues & Volume, By Extraction Technology, 2021 - 2031F |
6.2.5 Grenada Fava Bean Market Revenues & Volume, By Canning Technology, 2021 - 2031F |
6.3 Grenada Fava Bean Market, By End User |
6.3.1 Overview and Analysis |
6.3.2 Grenada Fava Bean Market Revenues & Volume, By Health-Conscious Consumers, 2021 - 2031F |
6.3.3 Grenada Fava Bean Market Revenues & Volume, By Vegan and Plant-Based Consumers, 2021 - 2031F |
6.3.4 Grenada Fava Bean Market Revenues & Volume, By Food Industry and Health Sector, 2021 - 2031F |
6.3.5 Grenada Fava Bean Market Revenues & Volume, By Convenience Food Producers, 2021 - 2031F |
6.4 Grenada Fava Bean Market, By Application |
6.4.1 Overview and Analysis |
6.4.2 Grenada Fava Bean Market Revenues & Volume, By Nutritional Supplements and Food, 2021 - 2031F |
6.4.3 Grenada Fava Bean Market Revenues & Volume, By Gluten-Free and Vegan Food Products, 2021 - 2031F |
6.4.4 Grenada Fava Bean Market Revenues & Volume, By Plant-Based Protein Products, 2021 - 2031F |
6.4.5 Grenada Fava Bean Market Revenues & Volume, By Ready-to-Eat Meals and Snacks, 2021 - 2031F |
7 Grenada Fava Bean Market Import-Export Trade Statistics |
7.1 Grenada Fava Bean Market Export to Major Countries |
7.2 Grenada Fava Bean Market Imports from Major Countries |
8 Grenada Fava Bean Market Key Performance Indicators |
9 Grenada Fava Bean Market - Opportunity Assessment |
9.1 Grenada Fava Bean Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Grenada Fava Bean Market Opportunity Assessment, By Technology Type, 2021 & 2031F |
9.3 Grenada Fava Bean Market Opportunity Assessment, By End User, 2021 & 2031F |
9.4 Grenada Fava Bean Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Grenada Fava Bean Market - Competitive Landscape |
10.1 Grenada Fava Bean Market Revenue Share, By Companies, 2024 |
10.2 Grenada Fava Bean 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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