| Product Code: ETC5244894 | 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 |
Grenada`s ascorbic acid import market in 2024 continued to be dominated by key exporters like the UK, USA, Barbados, Trinidad and Tobago, and Saint Lucia, indicating a stable trade relationship. Despite a high concentration with a high Herfindahl-Hirschman Index (HHI), the market experienced a negative compound annual growth rate (CAGR) of -8.03% from 2020 to 2024. Additionally, the growth rate decreased further by -4.49% from 2023 to 2024, suggesting a challenging environment for ascorbic acid imports in Grenada. Monitoring market trends and potential diversification strategies may be crucial for stakeholders in the industry.
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 Ascorbic Acid Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Ascorbic Acid Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Ascorbic Acid Market - Industry Life Cycle |
3.4 Grenada Ascorbic Acid Market - Porter's Five Forces |
3.5 Grenada Ascorbic Acid Market Revenues & Volume Share, By Grade, 2021 & 2031F |
3.6 Grenada Ascorbic Acid Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Grenada Ascorbic Acid Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing awareness about the health benefits of ascorbic acid in Grenada |
4.2.2 Growing demand for natural and organic products in the market |
4.2.3 Rising prevalence of lifestyle diseases driving the consumption of vitamin C supplements |
4.3 Market Restraints |
4.3.1 Fluctuating prices of raw materials impacting production costs |
4.3.2 Stringent government regulations and quality standards in the industry |
4.3.3 Limited availability of locally sourced ascorbic acid in Grenada |
5 Grenada Ascorbic Acid Market Trends |
6 Grenada Ascorbic Acid Market Segmentations |
6.1 Grenada Ascorbic Acid Market, By Grade |
6.1.1 Overview and Analysis |
6.1.2 Grenada Ascorbic Acid Market Revenues & Volume, By Food & Pharmaceutical, 2021-2031F |
6.1.3 Grenada Ascorbic Acid Market Revenues & Volume, By Industrial, 2021-2031F |
6.2 Grenada Ascorbic Acid Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Grenada Ascorbic Acid Market Revenues & Volume, By Food & Beverages, 2021-2031F |
6.2.3 Grenada Ascorbic Acid Market Revenues & Volume, By Pharmaceutical, 2021-2031F |
6.2.4 Grenada Ascorbic Acid Market Revenues & Volume, By Cosmetics, 2021-2031F |
6.2.5 Grenada Ascorbic Acid Market Revenues & Volume, By Chemicals, 2021-2031F |
6.2.6 Grenada Ascorbic Acid Market Revenues & Volume, By Agriculture, 2021-2031F |
6.2.7 Grenada Ascorbic Acid Market Revenues & Volume, By Others, 2021-2031F |
7 Grenada Ascorbic Acid Market Import-Export Trade Statistics |
7.1 Grenada Ascorbic Acid Market Export to Major Countries |
7.2 Grenada Ascorbic Acid Market Imports from Major Countries |
8 Grenada Ascorbic Acid Market Key Performance Indicators |
8.1 Number of new product launches containing ascorbic acid in Grenada |
8.2 Consumer adoption rate of ascorbic acid products in the market |
8.3 Growth in the number of partnerships between local manufacturers and international suppliers |
8.4 Percentage increase in exports of ascorbic acid products from Grenada |
9 Grenada Ascorbic Acid Market - Opportunity Assessment |
9.1 Grenada Ascorbic Acid Market Opportunity Assessment, By Grade, 2021 & 2031F |
9.2 Grenada Ascorbic Acid Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Grenada Ascorbic Acid Market - Competitive Landscape |
10.1 Grenada Ascorbic Acid Market Revenue Share, By Companies, 2024 |
10.2 Grenada Ascorbic Acid 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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