| Product Code: ETC5820100 | 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 |
Grenada`s import of algae products in 2024 continued to show strong growth, with a high Herfindahl-Hirschman Index (HHI) indicating a concentrated market. The top countries exporting to Grenada included Trinidad and Tobago, USA, Jamaica, Saint Vincent and the Grenadines, and Saint Lucia. The impressive Compound Annual Growth Rate (CAGR) of 21.67% from 2020 to 2024 highlights the increasing demand for algae products in Grenada. Moreover, the remarkable growth rate of 81.87% from 2023 to 2024 suggests a significant uptrend in import shipments, showcasing a promising market for algae products in the country.
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 Algae Products Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Algae Products Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Algae Products Market - Industry Life Cycle |
3.4 Grenada Algae Products Market - Porter's Five Forces |
3.5 Grenada Algae Products Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Grenada Algae Products Market Revenues & Volume Share, By Form, 2021 & 2031F |
3.7 Grenada Algae Products Market Revenues & Volume Share, By Source, 2021 & 2031F |
3.8 Grenada Algae Products Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Grenada Algae Products Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing consumer awareness about the health benefits of algae products |
4.2.2 Growing demand for natural and sustainable ingredients in the food and cosmetics industries |
4.2.3 Favorable government regulations supporting the production and sale of algae products |
4.3 Market Restraints |
4.3.1 High production costs associated with cultivating and processing algae |
4.3.2 Limited availability of skilled labor for algae cultivation and processing |
4.3.3 Lack of standardized quality control measures in the algae products market |
5 Grenada Algae Products Market Trends |
6 Grenada Algae Products Market Segmentations |
6.1 Grenada Algae Products Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Grenada Algae Products Market Revenues & Volume, By Lipids, 2021-2031F |
6.1.3 Grenada Algae Products Market Revenues & Volume, By Carotenoids, 2021-2031F |
6.1.4 Grenada Algae Products Market Revenues & Volume, By Carrageenan, 2021-2031F |
6.1.5 Grenada Algae Products Market Revenues & Volume, By Alginate, 2021-2031F |
6.1.6 Grenada Algae Products Market Revenues & Volume, By Algal Protein, 2021-2031F |
6.2 Grenada Algae Products Market, By Form |
6.2.1 Overview and Analysis |
6.2.2 Grenada Algae Products Market Revenues & Volume, By Liquid, 2021-2031F |
6.2.3 Grenada Algae Products Market Revenues & Volume, By Solid, 2021-2031F |
6.3 Grenada Algae Products Market, By Source |
6.3.1 Overview and Analysis |
6.3.2 Grenada Algae Products Market Revenues & Volume, By Brown Algae, 2021-2031F |
6.3.3 Grenada Algae Products Market Revenues & Volume, By Green Algae, 2021-2031F |
6.3.4 Grenada Algae Products Market Revenues & Volume, By Red Algae, 2021-2031F |
6.3.5 Grenada Algae Products Market Revenues & Volume, By Blue-green Algae, 2021-2031F |
6.4 Grenada Algae Products Market, By Application |
6.4.1 Overview and Analysis |
6.4.2 Grenada Algae Products Market Revenues & Volume, By Food & beverage, 2021-2031F |
6.4.3 Grenada Algae Products Market Revenues & Volume, By Nutraceutical & diet supplement, 2021-2031F |
6.4.4 Grenada Algae Products Market Revenues & Volume, By Animal feed, 2021-2031F |
6.4.5 Grenada Algae Products Market Revenues & Volume, By Personal care, 2021-2031F |
6.4.6 Grenada Algae Products Market Revenues & Volume, By Pharmaceutical, 2021-2031F |
6.4.7 Grenada Algae Products Market Revenues & Volume, By Other applications, 2021-2031F |
7 Grenada Algae Products Market Import-Export Trade Statistics |
7.1 Grenada Algae Products Market Export to Major Countries |
7.2 Grenada Algae Products Market Imports from Major Countries |
8 Grenada Algae Products Market Key Performance Indicators |
8.1 Research and development investment in algae product innovation |
8.2 Number of partnerships and collaborations within the algae products industry |
8.3 Adoption rate of algae products in new market segments |
8.4 Environmental sustainability practices in algae cultivation and processing |
8.5 Consumer perception and acceptance of algae products |
9 Grenada Algae Products Market - Opportunity Assessment |
9.1 Grenada Algae Products Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Grenada Algae Products Market Opportunity Assessment, By Form, 2021 & 2031F |
9.3 Grenada Algae Products Market Opportunity Assessment, By Source, 2021 & 2031F |
9.4 Grenada Algae Products Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Grenada Algae Products Market - Competitive Landscape |
10.1 Grenada Algae Products Market Revenue Share, By Companies, 2024 |
10.2 Grenada Algae 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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