| Product Code: ETC5343846 | 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 demonstrate a strong reliance on erucic acid import shipments, with major exporters being the USA, Lithuania, Barbados, China, and Trinidad and Tobago. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market. The compound annual growth rate (CAGR) from 2020 to 2024 stood at an impressive 6.98%, showcasing steady expansion. Moreover, the growth rate from 2023 to 2024 was a notable 6.14%, indicating sustained momentum in erucic acid imports for Grenada.
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 Erucic Acid Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Erucic Acid Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Erucic Acid Market - Industry Life Cycle |
3.4 Grenada Erucic Acid Market - Porter's Five Forces |
3.5 Grenada Erucic Acid Market Revenues & Volume Share, By Grade, 2021 & 2031F |
3.6 Grenada Erucic Acid Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 Grenada Erucic Acid Market Revenues & Volume Share, By Source, 2021 & 2031F |
3.8 Grenada Erucic Acid Market Revenues & Volume Share, By End Users, 2021 & 2031F |
4 Grenada Erucic Acid Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for erucic acid in the food industry for applications such as emulsifiers and stabilizers. |
4.2.2 Growing adoption of erucic acid in the pharmaceutical industry for its medicinal properties. |
4.2.3 Rising awareness about the benefits of erucic acid in cosmetics and personal care products. |
4.3 Market Restraints |
4.3.1 Stringent regulations regarding the use of erucic acid in certain regions. |
4.3.2 Fluctuating prices of raw materials impacting the production cost of erucic acid. |
4.3.3 Competition from alternative products with similar functionalities affecting market growth. |
5 Grenada Erucic Acid Market Trends |
6 Grenada Erucic Acid Market Segmentations |
6.1 Grenada Erucic Acid Market, By Grade |
6.1.1 Overview and Analysis |
6.1.2 Grenada Erucic Acid Market Revenues & Volume, By Erucic acid 43-50%, 2021-2031F |
6.1.3 Grenada Erucic Acid Market Revenues & Volume, By Erucic acid >50%, 2021-2031F |
6.2 Grenada Erucic Acid Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Grenada Erucic Acid Market Revenues & Volume, By Slip Agent, 2021-2031F |
6.2.3 Grenada Erucic Acid Market Revenues & Volume, By Emollient, 2021-2031F |
6.2.4 Grenada Erucic Acid Market Revenues & Volume, By Hair care and textile softening, 2021-2031F |
6.2.5 Grenada Erucic Acid Market Revenues & Volume, By Pour point depressant, 2021-2031F |
6.2.6 Grenada Erucic Acid Market Revenues & Volume, By Lubricants, 2021-2031F |
6.2.7 Grenada Erucic Acid Market Revenues & Volume, By Food emulsifier, 2021-2031F |
6.3 Grenada Erucic Acid Market, By Source |
6.3.1 Overview and Analysis |
6.3.2 Grenada Erucic Acid Market Revenues & Volume, By Rapeseed oil, 2021-2031F |
6.3.3 Grenada Erucic Acid Market Revenues & Volume, By Canola, 2021-2031F |
6.3.4 Grenada Erucic Acid Market Revenues & Volume, By Tame Mustard, 2021-2031F |
6.3.5 Grenada Erucic Acid Market Revenues & Volume, By Fish, 2021-2031F |
6.3.6 Grenada Erucic Acid Market Revenues & Volume, By Others, 2021-2031F |
6.4 Grenada Erucic Acid Market, By End Users |
6.4.1 Overview and Analysis |
6.4.2 Grenada Erucic Acid Market Revenues & Volume, By Plastic, 2021-2031F |
6.4.3 Grenada Erucic Acid Market Revenues & Volume, By Printing Ink, 2021-2031F |
6.4.4 Grenada Erucic Acid Market Revenues & Volume, By Food, 2021-2031F |
6.4.5 Grenada Erucic Acid Market Revenues & Volume, By Personal Care, 2021-2031F |
6.4.6 Grenada Erucic Acid Market Revenues & Volume, By Rubber, 2021-2031F |
6.4.7 Grenada Erucic Acid Market Revenues & Volume, By Pharmaceutical, 2021-2031F |
7 Grenada Erucic Acid Market Import-Export Trade Statistics |
7.1 Grenada Erucic Acid Market Export to Major Countries |
7.2 Grenada Erucic Acid Market Imports from Major Countries |
8 Grenada Erucic Acid Market Key Performance Indicators |
8.1 Research and development investment in new applications of erucic acid. |
8.2 Number of patents filed for erucic acid-based products. |
8.3 Adoption rate of erucic acid in new industries or applications. |
8.4 Environmental impact assessment of erucic acid production processes. |
8.5 Percentage of market share among key competitors in the erucic acid market. |
9 Grenada Erucic Acid Market - Opportunity Assessment |
9.1 Grenada Erucic Acid Market Opportunity Assessment, By Grade, 2021 & 2031F |
9.2 Grenada Erucic Acid Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 Grenada Erucic Acid Market Opportunity Assessment, By Source, 2021 & 2031F |
9.4 Grenada Erucic Acid Market Opportunity Assessment, By End Users, 2021 & 2031F |
10 Grenada Erucic Acid Market - Competitive Landscape |
10.1 Grenada Erucic Acid Market Revenue Share, By Companies, 2024 |
10.2 Grenada Erucic Acid 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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