| 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 |
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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