| Product Code: ETC5797224 | Publication Date: Nov 2023 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
Despite a slight decline in growth rate from 2023 to 2024, Grenada`s import of functional food ingredients remains strong with a notable Compound Annual Growth Rate (CAGR) of 9.65% from 2020 to 2024. The top exporting countries to Grenada in 2024, including the USA, Costa Rica, Brazil, UK, and UAE, indicate a diverse sourcing strategy. However, the high Herfindahl-Hirschman Index (HHI) concentration in both 2023 and 2024 suggests a potential challenge in terms of market competition and pricing dynamics within the functional food ingredients sector 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 Functional Food Ingredients Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Functional Food Ingredients Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Functional Food Ingredients Market - Industry Life Cycle |
3.4 Grenada Functional Food Ingredients Market - Porter's Five Forces |
3.5 Grenada Functional Food Ingredients Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Grenada Functional Food Ingredients Market Revenues & Volume Share, By Health Benefits, 2021 & 2031F |
4 Grenada Functional Food Ingredients Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing consumer awareness about health and wellness benefits of functional food ingredients |
4.2.2 Increasing demand for natural and organic food products |
4.2.3 Rising prevalence of lifestyle-related diseases driving the need for functional food ingredients |
4.2.4 Innovation in product development and formulation by manufacturers |
4.3 Market Restraints |
4.3.1 High cost associated with sourcing and processing functional food ingredients |
4.3.2 Regulatory challenges related to labeling and health claims for functional food products |
4.3.3 Limited consumer acceptance and awareness in some regions |
4.3.4 Competition from substitute products in the market |
5 Grenada Functional Food Ingredients Market Trends |
6 Grenada Functional Food Ingredients Market Segmentations |
6.1 Grenada Functional Food Ingredients Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Grenada Functional Food Ingredients Market Revenues & Volume, By Probiotics, 2021-2031F |
6.1.3 Grenada Functional Food Ingredients Market Revenues & Volume, By Prebiotics, 2021-2031F |
6.1.4 Grenada Functional Food Ingredients Market Revenues & Volume, By Proteins & Amino Acids, 2021-2031F |
6.1.5 Grenada Functional Food Ingredients Market Revenues & Volume, By Phytochemicals & Plant Extracts, 2021-2031F |
6.1.6 Grenada Functional Food Ingredients Market Revenues & Volume, By Omega-3 Fatty Acids, 2021-2031F |
6.1.7 Grenada Functional Food Ingredients Market Revenues & Volume, By Carotenoids, 2021-2031F |
6.2 Grenada Functional Food Ingredients Market, By Health Benefits |
6.2.1 Overview and Analysis |
6.2.2 Grenada Functional Food Ingredients Market Revenues & Volume, By Gut health, 2021-2031F |
6.2.3 Grenada Functional Food Ingredients Market Revenues & Volume, By Cardiovascular health, 2021-2031F |
6.2.4 Grenada Functional Food Ingredients Market Revenues & Volume, By Bone health, 2021-2031F |
6.2.5 Grenada Functional Food Ingredients Market Revenues & Volume, By Immunity, 2021-2031F |
6.2.6 Grenada Functional Food Ingredients Market Revenues & Volume, By Nutritive health, 2021-2031F |
6.2.7 Grenada Functional Food Ingredients Market Revenues & Volume, By Weight management, 2021-2031F |
7 Grenada Functional Food Ingredients Market Import-Export Trade Statistics |
7.1 Grenada Functional Food Ingredients Market Export to Major Countries |
7.2 Grenada Functional Food Ingredients Market Imports from Major Countries |
8 Grenada Functional Food Ingredients Market Key Performance Indicators |
8.1 Consumer adoption rate of products containing functional food ingredients |
8.2 Number of new product launches incorporating functional food ingredients |
8.3 Research and development investment in functional food ingredients technology |
8.4 Number of partnerships or collaborations between food manufacturers and functional food ingredient suppliers |
8.5 Consumer feedback and reviews on the efficacy and perceived benefits of products containing functional food ingredients |
9 Grenada Functional Food Ingredients Market - Opportunity Assessment |
9.1 Grenada Functional Food Ingredients Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Grenada Functional Food Ingredients Market Opportunity Assessment, By Health Benefits, 2021 & 2031F |
10 Grenada Functional Food Ingredients Market - Competitive Landscape |
10.1 Grenada Functional Food Ingredients Market Revenue Share, By Companies, 2024 |
10.2 Grenada Functional Food Ingredients 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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