| Product Code: ETC5649461 | 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 |
In 2024, Grenada continued to rely heavily on imports of aroma ingredients, with top exporters being Iran, Trinidad and Tobago, USA, Ireland, and UK. Despite a high concentration of imports, the industry experienced a negative compound annual growth rate (CAGR) of -5.18% from 2020 to 2024. However, there was a notable improvement in the growth rate from 2023 to 2024, showing a positive momentum of 7.0%. Grenada`s market for aroma ingredients remains dynamic, with opportunities for further expansion and diversification in the coming years.
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 Ingredients Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Aroma Ingredients Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Aroma Ingredients Market - Industry Life Cycle |
3.4 Grenada Aroma Ingredients Market - Porter's Five Forces |
3.5 Grenada Aroma Ingredients Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Grenada Aroma Ingredients Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Grenada Aroma Ingredients Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing consumer preference for natural and organic products |
4.2.2 Growing demand for exotic and unique fragrance ingredients |
4.2.3 Rising awareness about aromatherapy and its benefits |
4.3 Market Restraints |
4.3.1 Fluctuating prices of raw materials |
4.3.2 Stringent regulations related to sourcing and usage of aroma ingredients |
4.3.3 Limited availability of skilled labor for processing and extraction |
5 Grenada Aroma Ingredients Market Trends |
6 Grenada Aroma Ingredients Market Segmentations |
6.1 Grenada Aroma Ingredients Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Grenada Aroma Ingredients Market Revenues & Volume, By Synthetic Ingredients, 2021-2031F |
6.1.3 Grenada Aroma Ingredients Market Revenues & Volume, By Natural Ingredients, 2021-2031F |
6.2 Grenada Aroma Ingredients Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Grenada Aroma Ingredients Market Revenues & Volume, By Fine Fragrances, 2021-2031F |
6.2.3 Grenada Aroma Ingredients Market Revenues & Volume, By Toiletries, 2021-2031F |
6.2.4 Grenada Aroma Ingredients Market Revenues & Volume, By Cosmetics, 2021-2031F |
7 Grenada Aroma Ingredients Market Import-Export Trade Statistics |
7.1 Grenada Aroma Ingredients Market Export to Major Countries |
7.2 Grenada Aroma Ingredients Market Imports from Major Countries |
8 Grenada Aroma Ingredients Market Key Performance Indicators |
8.1 Number of new product launches featuring grenada aroma ingredients |
8.2 Growth in the number of aromatherapy centers and spa services using grenada aroma ingredients |
8.3 Increase in the export volume of grenada aroma ingredients |
9 Grenada Aroma Ingredients Market - Opportunity Assessment |
9.1 Grenada Aroma Ingredients Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Grenada Aroma Ingredients Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Grenada Aroma Ingredients Market - Competitive Landscape |
10.1 Grenada Aroma Ingredients Market Revenue Share, By Companies, 2024 |
10.2 Grenada Aroma 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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