| Product Code: ETC5082235 | 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 of aroma compounds, with the USA, Barbados, Trinidad and Tobago, UK, and Italy emerging as the top exporting countries. Despite a concerning high concentration level indicated by the Herfindahl-Hirschman Index (HHI), the market experienced a moderate decline with a compound annual growth rate (CAGR) of -1.52% from 2020 to 2024. However, there was a significant surge in growth from 2023 to 2024, with a remarkable growth rate of 168.3%, indicating a potential shift or opportunity in the aroma compounds market 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 Aroma compounds Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Aroma compounds Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Aroma compounds Market - Industry Life Cycle |
3.4 Grenada Aroma compounds Market - Porter's Five Forces |
3.5 Grenada Aroma compounds Market Revenues & Volume Share, By Source, 2021 & 2031F |
3.6 Grenada Aroma compounds Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.7 Grenada Aroma compounds Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Grenada Aroma compounds Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing consumer demand for natural and organic products |
4.2.2 Rising awareness about the health benefits of aromatherapy and essential oils |
4.2.3 Increasing use of grenada aroma compounds in food and beverage industry |
4.3 Market Restraints |
4.3.1 Volatility in raw material prices affecting production costs |
4.3.2 Stringent regulations and quality standards in the fragrance industry |
5 Grenada Aroma compounds Market Trends |
6 Grenada Aroma compounds Market Segmentations |
6.1 Grenada Aroma compounds Market, By Source |
6.1.1 Overview and Analysis |
6.1.2 Grenada Aroma compounds Market Revenues & Volume, By Natural, 2021-2031F |
6.1.3 Grenada Aroma compounds Market Revenues & Volume, By Synthetic, 2021-2031F |
6.2 Grenada Aroma compounds Market, By Product |
6.2.1 Overview and Analysis |
6.2.2 Grenada Aroma compounds Market Revenues & Volume, By Benzenoids, 2021-2031F |
6.2.3 Grenada Aroma compounds Market Revenues & Volume, By Terpenoids, 2021-2031F |
6.2.4 Grenada Aroma compounds Market Revenues & Volume, By Musk Chemicals, 2021-2031F |
6.2.5 Grenada Aroma compounds Market Revenues & Volume, By Other, 2021-2031F |
6.3 Grenada Aroma compounds Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Grenada Aroma compounds Market Revenues & Volume, By Food & Beverage, 2021-2031F |
6.3.3 Grenada Aroma compounds Market Revenues & Volume, By Fine Fragrances, 2021-2031F |
6.3.4 Grenada Aroma compounds Market Revenues & Volume, By Cosmetics & Toiletries, 2021-2031F |
6.3.5 Grenada Aroma compounds Market Revenues & Volume, By Soaps & Detergents, 2021-2031F |
6.3.6 Grenada Aroma compounds Market Revenues & Volume, By Household, 2021-2031F |
6.3.7 Grenada Aroma compounds Market Revenues & Volume, By Others, 2021-2031F |
7 Grenada Aroma compounds Market Import-Export Trade Statistics |
7.1 Grenada Aroma compounds Market Export to Major Countries |
7.2 Grenada Aroma compounds Market Imports from Major Countries |
8 Grenada Aroma compounds Market Key Performance Indicators |
8.1 Number of new product launches incorporating grenada aroma compounds |
8.2 Percentage increase in the adoption of aromatherapy products |
8.3 Growth in demand for grenada aroma compounds from the food and beverage sector |
9 Grenada Aroma compounds Market - Opportunity Assessment |
9.1 Grenada Aroma compounds Market Opportunity Assessment, By Source, 2021 & 2031F |
9.2 Grenada Aroma compounds Market Opportunity Assessment, By Product, 2021 & 2031F |
9.3 Grenada Aroma compounds Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Grenada Aroma compounds Market - Competitive Landscape |
10.1 Grenada Aroma compounds Market Revenue Share, By Companies, 2024 |
10.2 Grenada Aroma compounds Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |