| Product Code: ETC5243165 | 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 rely heavily on imports for animal vaccines, with top exporting countries including Trinidad and Tobago, USA, UK, Barbados, and India. The market concentration, as measured by the Herfindahl-Hirschman Index (HHI), remained very high, indicating a dominant market presence of these countries. Despite a strong compound annual growth rate (CAGR) of 12.04% from 2020 to 2024, there was a notable decline in the growth rate from 2023 to 2024 at -20.78%, suggesting potential market challenges or shifts in demand dynamics for animal vaccines in Grenada.
By 2027, Grenada's Animal Vaccines market is forecasted to achieve a stable growth rate of 2.75%, with United States of America leading the North America region, 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 Animal Vaccines Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Animal Vaccines Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Animal Vaccines Market - Industry Life Cycle |
3.4 Grenada Animal Vaccines Market - Porter's Five Forces |
3.5 Grenada Animal Vaccines Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.6 Grenada Animal Vaccines Market Revenues & Volume Share, By Animal Type, 2021 & 2031F |
3.7 Grenada Animal Vaccines Market Revenues & Volume Share, By Route of Administration, 2021 & 2031F |
4 Grenada Animal Vaccines Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing awareness about animal health and vaccination among farmers and veterinarians in Grenada |
4.2.2 Growing government initiatives to control and eradicate animal diseases in the country |
4.2.3 Rise in demand for quality and effective animal vaccines in Grenada |
4.3 Market Restraints |
4.3.1 High cost associated with development and production of animal vaccines in Grenada |
4.3.2 Lack of skilled professionals for administering vaccines and providing proper animal healthcare services |
5 Grenada Animal Vaccines Market Trends |
6 Grenada Animal Vaccines Market Segmentations |
6.1 Grenada Animal Vaccines Market, By Product |
6.1.1 Overview and Analysis |
6.1.2 Grenada Animal Vaccines Market Revenues & Volume, By Attenuated Live Vaccines, 2021-2031F |
6.1.3 Grenada Animal Vaccines Market Revenues & Volume, By Inactivated Vaccines, 2021-2031F |
6.1.4 Grenada Animal Vaccines Market Revenues & Volume, By Subunit Vaccines, 2021-2031F |
6.1.5 Grenada Animal Vaccines Market Revenues & Volume, By DNA Vaccines, 2021-2031F |
6.1.6 Grenada Animal Vaccines Market Revenues & Volume, By Recombinant Vaccines, 2021-2031F |
6.2 Grenada Animal Vaccines Market, By Animal Type |
6.2.1 Overview and Analysis |
6.2.2 Grenada Animal Vaccines Market Revenues & Volume, By Livestock, 2021-2031F |
6.2.3 Grenada Animal Vaccines Market Revenues & Volume, By Companion, 2021-2031F |
6.3 Grenada Animal Vaccines Market, By Route of Administration |
6.3.1 Overview and Analysis |
6.3.2 Grenada Animal Vaccines Market Revenues & Volume, By Subcutaneous, 2021-2031F |
6.3.3 Grenada Animal Vaccines Market Revenues & Volume, By Intramuscular, 2021-2031F |
6.3.4 Grenada Animal Vaccines Market Revenues & Volume, By Intranasal, 2021-2031F |
7 Grenada Animal Vaccines Market Import-Export Trade Statistics |
7.1 Grenada Animal Vaccines Market Export to Major Countries |
7.2 Grenada Animal Vaccines Market Imports from Major Countries |
8 Grenada Animal Vaccines Market Key Performance Indicators |
8.1 Number of veterinary clinics offering vaccination services in Grenada |
8.2 Percentage of livestock population vaccinated annually |
8.3 Adoption rate of new and advanced animal vaccines in Grenada |
9 Grenada Animal Vaccines Market - Opportunity Assessment |
9.1 Grenada Animal Vaccines Market Opportunity Assessment, By Product, 2021 & 2031F |
9.2 Grenada Animal Vaccines Market Opportunity Assessment, By Animal Type, 2021 & 2031F |
9.3 Grenada Animal Vaccines Market Opportunity Assessment, By Route of Administration, 2021 & 2031F |
10 Grenada Animal Vaccines Market - Competitive Landscape |
10.1 Grenada Animal Vaccines Market Revenue Share, By Companies, 2024 |
10.2 Grenada Animal Vaccines 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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