| Product Code: ETC5250214 | 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 botanical ingredients import market saw significant growth in 2024, with top exporters being the USA, India, Trinidad and Tobago, UK, and Guyana. The market concentration, as measured by the HHI, remained very high, indicating strong dominance by key players. The impressive compound annual growth rate (CAGR) from 2020 to 2024 at 20.8% reflects a thriving industry. Moreover, the remarkable growth rate of 78.81% from 2023 to 2024 suggests a surge in demand for botanical ingredients in Grenada, highlighting promising opportunities for both domestic and international suppliers.
In the North America region, the Botanical Ingredients market in Grenada is projected to expand at a stable growth rate of 1.81% 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 Botanical Ingredients Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Botanical Ingredients Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Botanical Ingredients Market - Industry Life Cycle |
3.4 Grenada Botanical Ingredients Market - Porter's Five Forces |
3.5 Grenada Botanical Ingredients Market Revenues & Volume Share, By Form, 2021 & 2031F |
3.6 Grenada Botanical Ingredients Market Revenues & Volume Share, By Source, 2021 & 2031F |
3.7 Grenada Botanical Ingredients Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Grenada Botanical Ingredients Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing consumer demand for natural and organic products |
4.2.2 Growing awareness about the benefits of botanical ingredients in skincare and healthcare |
4.2.3 Rise in eco-conscious consumer behavior and preference for sustainable sourcing practices |
4.3 Market Restraints |
4.3.1 Limited availability of certain botanical ingredients due to climate conditions and geographical constraints |
4.3.2 High costs associated with sourcing and processing botanical ingredients |
4.3.3 Stringent regulations and quality standards in the botanical ingredients market |
5 Grenada Botanical Ingredients Market Trends |
6 Grenada Botanical Ingredients Market Segmentations |
6.1 Grenada Botanical Ingredients Market, By Form |
6.1.1 Overview and Analysis |
6.1.2 Grenada Botanical Ingredients Market Revenues & Volume, By Powder, 2021-2031F |
6.1.3 Grenada Botanical Ingredients Market Revenues & Volume, By Liquid, 2021-2031F |
6.2 Grenada Botanical Ingredients Market, By Source |
6.2.1 Overview and Analysis |
6.2.2 Grenada Botanical Ingredients Market Revenues & Volume, By Herbs, 2021-2031F |
6.2.3 Grenada Botanical Ingredients Market Revenues & Volume, By Leaves, 2021-2031F |
6.2.4 Grenada Botanical Ingredients Market Revenues & Volume, By Spices, 2021-2031F |
6.2.5 Grenada Botanical Ingredients Market Revenues & Volume, By Flowers, 2021-2031F |
6.2.6 Grenada Botanical Ingredients Market Revenues & Volume, By Others, 2021-2031F |
6.3 Grenada Botanical Ingredients Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Grenada Botanical Ingredients Market Revenues & Volume, By Food & Beverages, 2021-2031F |
6.3.3 Grenada Botanical Ingredients Market Revenues & Volume, By Dietary Supplements, 2021-2031F |
6.3.4 Grenada Botanical Ingredients Market Revenues & Volume, By Personal Care & Cosmetics, 2021-2031F |
6.3.5 Grenada Botanical Ingredients Market Revenues & Volume, By Pharmaceuticals, 2021-2031F |
6.3.6 Grenada Botanical Ingredients Market Revenues & Volume, By Others, 2021-2031F |
7 Grenada Botanical Ingredients Market Import-Export Trade Statistics |
7.1 Grenada Botanical Ingredients Market Export to Major Countries |
7.2 Grenada Botanical Ingredients Market Imports from Major Countries |
8 Grenada Botanical Ingredients Market Key Performance Indicators |
8.1 Percentage increase in the adoption of grenada botanical ingredients by cosmetic and pharmaceutical companies |
8.2 Number of new product launches containing grenada botanical ingredients |
8.3 Growth in partnerships between grenada botanical ingredient suppliers and global brands for product development |
8.4 Expansion of grenada botanical ingredient exports to new international markets |
8.5 Increase in research and development investments in grenada botanical ingredients sector |
9 Grenada Botanical Ingredients Market - Opportunity Assessment |
9.1 Grenada Botanical Ingredients Market Opportunity Assessment, By Form, 2021 & 2031F |
9.2 Grenada Botanical Ingredients Market Opportunity Assessment, By Source, 2021 & 2031F |
9.3 Grenada Botanical Ingredients Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Grenada Botanical Ingredients Market - Competitive Landscape |
10.1 Grenada Botanical Ingredients Market Revenue Share, By Companies, 2024 |
10.2 Grenada Botanical Ingredients Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |