| Product Code: ETC5797756 | 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 |
The baking ingredients import market in Grenada continued to thrive in 2024, with the top exporting countries being the USA, Turkey, UK, Barbados, and Metropolitan France. The high Herfindahl-Hirschman Index (HHI) indicates a concentration of imports among these key players. The impressive compound annual growth rate (CAGR) of 24.47% from 2020 to 2024 reflects a robust and expanding market. Furthermore, the growth rate of 28.78% from 2023 to 2024 highlights the acceleration in import shipments, showcasing a promising outlook for the baking ingredients industry 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 Baking Ingredients Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Baking Ingredients Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Baking Ingredients Market - Industry Life Cycle |
3.4 Grenada Baking Ingredients Market - Porter's Five Forces |
3.5 Grenada Baking Ingredients Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Grenada Baking Ingredients Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Grenada Baking Ingredients Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing consumer demand for artisanal and specialty baked goods |
4.2.2 Growth in the food and beverage industry in Grenada |
4.2.3 Rising health consciousness leading to demand for healthier baking ingredients |
4.3 Market Restraints |
4.3.1 Fluctuating prices of key raw materials such as flour and sugar |
4.3.2 Intense competition from imported baking ingredients |
4.3.3 Limited availability of certain specialized baking ingredients in the local market |
5 Grenada Baking Ingredients Market Trends |
6 Grenada Baking Ingredients Market Segmentations |
6.1 Grenada Baking Ingredients Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Grenada Baking Ingredients Market Revenues & Volume, By Emulsifiers, 2021-2031F |
6.1.3 Grenada Baking Ingredients Market Revenues & Volume, By Leavening Agents, 2021-2031F |
6.1.4 Grenada Baking Ingredients Market Revenues & Volume, By Enzymes, 2021-2031F |
6.1.5 Grenada Baking Ingredients Market Revenues & Volume, By Baking Powders & Mixes, 2021-2031F |
6.1.6 Grenada Baking Ingredients Market Revenues & Volume, By Oil, 2021-2031F |
6.1.7 Grenada Baking Ingredients Market Revenues & Volume, By Fats & Shortenings, 2021-2031F |
6.1.9 Grenada Baking Ingredients Market Revenues & Volume, By Colors & Flavors, 2021-2031F |
6.1.10 Grenada Baking Ingredients Market Revenues & Volume, By Colors & Flavors, 2021-2031F |
6.2 Grenada Baking Ingredients Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Grenada Baking Ingredients Market Revenues & Volume, By Bread , 2021-2031F |
6.2.3 Grenada Baking Ingredients Market Revenues & Volume, By Sweet Bakery, 2021-2031F |
7 Grenada Baking Ingredients Market Import-Export Trade Statistics |
7.1 Grenada Baking Ingredients Market Export to Major Countries |
7.2 Grenada Baking Ingredients Market Imports from Major Countries |
8 Grenada Baking Ingredients Market Key Performance Indicators |
8.1 Percentage of bakeries offering artisanal and specialty baked goods |
8.2 Number of new product launches in the Grenada baking ingredients market |
8.3 Consumer awareness and perception of healthier baking ingredients in Grenada |
9 Grenada Baking Ingredients Market - Opportunity Assessment |
9.1 Grenada Baking Ingredients Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Grenada Baking Ingredients Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Grenada Baking Ingredients Market - Competitive Landscape |
10.1 Grenada Baking Ingredients Market Revenue Share, By Companies, 2024 |
10.2 Grenada Baking 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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