| Product Code: ETC5800948 | 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 witness a significant influx of botanical extracts imports, with top exporting countries being the USA, Turkey, UK, Saint Lucia, and India. Despite a high concentration with a high Herfindahl-Hirschman Index (HHI), the market demonstrated strong growth with a CAGR of 13.43% from 2020 to 2024. However, there was a notable decline in the growth rate from 2023 to 2024 at -48.74%, indicating potential shifts in market dynamics or external factors impacting the import landscape.
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 Botanical Extracts Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Botanical Extracts Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Botanical Extracts Market - Industry Life Cycle |
3.4 Grenada Botanical Extracts Market - Porter's Five Forces |
3.5 Grenada Botanical Extracts Market Revenues & Volume Share, By Source, 2021 & 2031F |
3.6 Grenada Botanical Extracts Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Grenada Botanical Extracts Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing consumer awareness about the health benefits of botanical extracts |
4.2.2 Growing demand for natural and organic products in the cosmetics and food industries |
4.2.3 Rising prevalence of chronic diseases leading to a shift towards natural remedies |
4.3 Market Restraints |
4.3.1 Limited availability of raw materials for botanical extracts in Grenada |
4.3.2 High production costs associated with sourcing, extraction, and processing of botanical extracts |
4.3.3 Lack of standardized regulations and quality control measures in the botanical extracts industry |
5 Grenada Botanical Extracts Market Trends |
6 Grenada Botanical Extracts Market Segmentations |
6.1 Grenada Botanical Extracts Market, By Source |
6.1.1 Overview and Analysis |
6.1.2 Grenada Botanical Extracts Market Revenues & Volume, By Spices, 2021-2031F |
6.1.3 Grenada Botanical Extracts Market Revenues & Volume, By Herbs, 2021-2031F |
6.1.4 Grenada Botanical Extracts Market Revenues & Volume, By Flowers, 2021-2031F |
6.1.5 Grenada Botanical Extracts Market Revenues & Volume, By Tea leaves, 2021-2031F |
6.2 Grenada Botanical Extracts Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Grenada Botanical Extracts Market Revenues & Volume, By Food Bakery & Confectionery , 2021-2031F |
6.2.3 Grenada Botanical Extracts Market Revenues & Volume, By Sauces & Dressings, 2021-2031F |
6.2.4 Grenada Botanical Extracts Market Revenues & Volume, By Beverages Alcoholic Beverages, 2021-2031F |
6.2.5 Grenada Botanical Extracts Market Revenues & Volume, By Carbonated Soft Drinks, 2021-2031F |
6.2.6 Grenada Botanical Extracts Market Revenues & Volume, By Ice Tea, 2021-2031F |
7 Grenada Botanical Extracts Market Import-Export Trade Statistics |
7.1 Grenada Botanical Extracts Market Export to Major Countries |
7.2 Grenada Botanical Extracts Market Imports from Major Countries |
8 Grenada Botanical Extracts Market Key Performance Indicators |
8.1 Research and development investment in new extraction technologies |
8.2 Number of partnerships and collaborations with local farmers for sustainable sourcing of raw materials |
8.3 Percentage of products in the market with eco-certifications or organic certifications |
8.4 Consumer awareness and perception surveys on the benefits of botanical extracts |
9 Grenada Botanical Extracts Market - Opportunity Assessment |
9.1 Grenada Botanical Extracts Market Opportunity Assessment, By Source, 2021 & 2031F |
9.2 Grenada Botanical Extracts Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Grenada Botanical Extracts Market - Competitive Landscape |
10.1 Grenada Botanical Extracts Market Revenue Share, By Companies, 2024 |
10.2 Grenada Botanical Extracts Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |