| Product Code: ETC7365692 | Publication Date: Sep 2024 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sumit Sagar | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, Grenada continued to see a high concentration of breast milk substitutes imports, with top exporting countries being Trinidad and Tobago, USA, Puerto Rico, UK, and Dominican Republic. Despite a slight decrease in growth rate from 2023 to 2024, the compound annual growth rate (CAGR) from 2020 to 2024 remained strong at 16.1%. This indicates a steady demand for breast milk substitutes in Grenada, with key trade partners continuing to play a significant role in meeting the market needs.
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 Breast Milk Substitutes Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Breast Milk Substitutes Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Breast Milk Substitutes Market - Industry Life Cycle |
3.4 Grenada Breast Milk Substitutes Market - Porter's Five Forces |
3.5 Grenada Breast Milk Substitutes Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Grenada Breast Milk Substitutes Market Revenues & Volume Share, By Formula Type, 2021 & 2031F |
3.7 Grenada Breast Milk Substitutes Market Revenues & Volume Share, By End Users, 2021 & 2031F |
4 Grenada Breast Milk Substitutes Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing awareness about the benefits of breast milk substitutes in providing essential nutrients for infants |
4.2.2 Growing working population leading to higher demand for convenient feeding options |
4.2.3 Rising prevalence of breastfeeding challenges among mothers due to various factors such as medical conditions or lifestyle choices |
4.3 Market Restraints |
4.3.1 Concerns regarding the quality and safety of breast milk substitutes leading to hesitancy among consumers |
4.3.2 Cultural norms and societal pressure promoting breastfeeding over using substitutes |
4.3.3 Regulatory restrictions and guidelines impacting the marketing and distribution of breast milk substitutes |
5 Grenada Breast Milk Substitutes Market Trends |
6 Grenada Breast Milk Substitutes Market, By Types |
6.1 Grenada Breast Milk Substitutes Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Grenada Breast Milk Substitutes Market Revenues & Volume, By Product Type, 2021- 2031F |
6.1.3 Grenada Breast Milk Substitutes Market Revenues & Volume, By Ready-to-use, 2021- 2031F |
6.1.4 Grenada Breast Milk Substitutes Market Revenues & Volume, By Powdered, 2021- 2031F |
6.1.5 Grenada Breast Milk Substitutes Market Revenues & Volume, By Concentrated Liquid, 2021- 2031F |
6.2 Grenada Breast Milk Substitutes Market, By Formula Type |
6.2.1 Overview and Analysis |
6.2.2 Grenada Breast Milk Substitutes Market Revenues & Volume, By Hypoallergenic Formula, 2021- 2031F |
6.2.3 Grenada Breast Milk Substitutes Market Revenues & Volume, By Soy-based Formula, 2021- 2031F |
6.2.4 Grenada Breast Milk Substitutes Market Revenues & Volume, By Milk-based Formula, 2021- 2031F |
6.3 Grenada Breast Milk Substitutes Market, By End Users |
6.3.1 Overview and Analysis |
6.3.2 Grenada Breast Milk Substitutes Market Revenues & Volume, By Hospitals and Clinics, 2021- 2031F |
6.3.3 Grenada Breast Milk Substitutes Market Revenues & Volume, By Specialty Clinics, 2021- 2031F |
6.3.4 Grenada Breast Milk Substitutes Market Revenues & Volume, By Others, 2021- 2031F |
7 Grenada Breast Milk Substitutes Market Import-Export Trade Statistics |
7.1 Grenada Breast Milk Substitutes Market Export to Major Countries |
7.2 Grenada Breast Milk Substitutes Market Imports from Major Countries |
8 Grenada Breast Milk Substitutes Market Key Performance Indicators |
8.1 Percentage of pediatricians recommending breast milk substitutes as a viable feeding option |
8.2 Number of working mothers opting for breast milk substitutes for their infants |
8.3 Rate of adoption of breast milk substitutes in hospitals and maternity facilities |
9 Grenada Breast Milk Substitutes Market - Opportunity Assessment |
9.1 Grenada Breast Milk Substitutes Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Grenada Breast Milk Substitutes Market Opportunity Assessment, By Formula Type, 2021 & 2031F |
9.3 Grenada Breast Milk Substitutes Market Opportunity Assessment, By End Users, 2021 & 2031F |
10 Grenada Breast Milk Substitutes Market - Competitive Landscape |
10.1 Grenada Breast Milk Substitutes Market Revenue Share, By Companies, 2024 |
10.2 Grenada Breast Milk Substitutes 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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