| Product Code: ETC5007223 | 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 see significant import shipments of baking powder, with top exporting countries being the USA, Trinidad and Tobago, Barbados, Puerto Rico, and India. The high concentration of market share, indicated by the high HHI, suggests a competitive landscape dominated by these key players. The impressive compound annual growth rate (CAGR) of 35.43% from 2020 to 2024 demonstrates the strong demand for baking powder in Grenada. Additionally, the remarkable growth rate of 70.78% from 2023 to 2024 indicates a surge in import volumes, showcasing a thriving market for baking powder in the country.
In the North America region, the Baking Powder market in Grenada is projected to expand at a stable growth rate of 0.80% by 2027. The largest economy is United States of America, 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 Baking Powder Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Baking Powder Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Baking Powder Market - Industry Life Cycle |
3.4 Grenada Baking Powder Market - Porter's Five Forces |
3.5 Grenada Baking Powder Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.6 Grenada Baking Powder Market Revenues & Volume Share, By End Use, 2021 & 2031F |
4 Grenada Baking Powder Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Grenada Baking Powder Market Trends |
6 Grenada Baking Powder Market Segmentations |
6.1 Grenada Baking Powder Market, By Product |
6.1.1 Overview and Analysis |
6.1.2 Grenada Baking Powder Market Revenues & Volume, By Tartrate, 2021-2031F |
6.1.3 Grenada Baking Powder Market Revenues & Volume, By Brown Sauce, 2021-2031F |
6.1.4 Grenada Baking Powder Market Revenues & Volume, By Aluminum Free, 2021-2031F |
6.1.5 Grenada Baking Powder Market Revenues & Volume, By Phosphate Free, 2021-2031F |
6.1.6 Grenada Baking Powder Market Revenues & Volume, By Phosphate, 2021-2031F |
6.1.7 Grenada Baking Powder Market Revenues & Volume, By Anhydrous Phosphate, 2021-2031F |
6.2 Grenada Baking Powder Market, By End Use |
6.2.1 Overview and Analysis |
6.2.2 Grenada Baking Powder Market Revenues & Volume, By Breads, 2021-2031F |
6.2.3 Grenada Baking Powder Market Revenues & Volume, By Rolls & Pies, 2021-2031F |
6.2.4 Grenada Baking Powder Market Revenues & Volume, By Cakes & Pastries, 2021-2031F |
6.2.5 Grenada Baking Powder Market Revenues & Volume, By Cookies & Biscuits, 2021-2031F |
7 Grenada Baking Powder Market Import-Export Trade Statistics |
7.1 Grenada Baking Powder Market Export to Major Countries |
7.2 Grenada Baking Powder Market Imports from Major Countries |
8 Grenada Baking Powder Market Key Performance Indicators |
9 Grenada Baking Powder Market - Opportunity Assessment |
9.1 Grenada Baking Powder Market Opportunity Assessment, By Product, 2021 & 2031F |
9.2 Grenada Baking Powder Market Opportunity Assessment, By End Use, 2021 & 2031F |
10 Grenada Baking Powder Market - Competitive Landscape |
10.1 Grenada Baking Powder Market Revenue Share, By Companies, 2024 |
10.2 Grenada Baking Powder 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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