| Product Code: ETC7369827 | Publication Date: Sep 2024 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Vasudha | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, Grenada continued to rely on imports for essential oil extraction, with top suppliers being Guyana, USA, Trinidad and Tobago, and Puerto Rico. Despite a high Herfindahl-Hirschman Index (HHI) indicating market concentration, the industry saw a negative compound annual growth rate (CAGR) of -4.78% from 2020 to 2024. Furthermore, the growth rate plummeted by -37.96% from 2023 to 2024, highlighting potential challenges faced by the sector. Stakeholders should closely monitor market dynamics and explore strategies to stimulate growth and diversify import sources for sustainability.
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 Essential Oil Extraction Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Essential Oil Extraction Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Essential Oil Extraction Market - Industry Life Cycle |
3.4 Grenada Essential Oil Extraction Market - Porter's Five Forces |
3.5 Grenada Essential Oil Extraction Market Revenues & Volume Share, By Extraction Method, 2021 & 2031F |
3.6 Grenada Essential Oil Extraction Market Revenues & Volume Share, By Products, 2021 & 2031F |
3.7 Grenada Essential Oil Extraction Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Grenada Essential Oil Extraction Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Grenada Essential Oil Extraction Market Trends |
6 Grenada Essential Oil Extraction Market, By Types |
6.1 Grenada Essential Oil Extraction Market, By Extraction Method |
6.1.1 Overview and Analysis |
6.1.2 Grenada Essential Oil Extraction Market Revenues & Volume, By Extraction Method, 2021- 2031F |
6.1.3 Grenada Essential Oil Extraction Market Revenues & Volume, By Distillation, 2021- 2031F |
6.1.4 Grenada Essential Oil Extraction Market Revenues & Volume, By Cold Press Extraction, 2021- 2031F |
6.1.5 Grenada Essential Oil Extraction Market Revenues & Volume, By Carbon Dioxide Extraction, 2021- 2031F |
6.1.6 Grenada Essential Oil Extraction Market Revenues & Volume, By Solvent Extraction, 2021- 2031F |
6.1.7 Grenada Essential Oil Extraction Market Revenues & Volume, By Others, 2021- 2031F |
6.2 Grenada Essential Oil Extraction Market, By Products |
6.2.1 Overview and Analysis |
6.2.2 Grenada Essential Oil Extraction Market Revenues & Volume, By Lavender Oil, 2021- 2031F |
6.2.3 Grenada Essential Oil Extraction Market Revenues & Volume, By Lemon Oil, 2021- 2031F |
6.2.4 Grenada Essential Oil Extraction Market Revenues & Volume, By Orange Oil, 2021- 2031F |
6.2.5 Grenada Essential Oil Extraction Market Revenues & Volume, By Frankincense, 2021- 2031F |
6.2.6 Grenada Essential Oil Extraction Market Revenues & Volume, By Chamomile Oil, 2021- 2031F |
6.2.7 Grenada Essential Oil Extraction Market Revenues & Volume, By Others, 2021- 2031F |
6.3 Grenada Essential Oil Extraction Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Grenada Essential Oil Extraction Market Revenues & Volume, By Food & Beverage, 2021- 2031F |
6.3.3 Grenada Essential Oil Extraction Market Revenues & Volume, By Cosmetics & Toiletries, 2021- 2031F |
6.3.4 Grenada Essential Oil Extraction Market Revenues & Volume, By Aromatherapy, 2021- 2031F |
6.3.5 Grenada Essential Oil Extraction Market Revenues & Volume, By Home Care, 2021- 2031F |
6.3.6 Grenada Essential Oil Extraction Market Revenues & Volume, By Health Care, 2021- 2031F |
6.3.7 Grenada Essential Oil Extraction Market Revenues & Volume, By Others, 2021- 2031F |
7 Grenada Essential Oil Extraction Market Import-Export Trade Statistics |
7.1 Grenada Essential Oil Extraction Market Export to Major Countries |
7.2 Grenada Essential Oil Extraction Market Imports from Major Countries |
8 Grenada Essential Oil Extraction Market Key Performance Indicators |
9 Grenada Essential Oil Extraction Market - Opportunity Assessment |
9.1 Grenada Essential Oil Extraction Market Opportunity Assessment, By Extraction Method, 2021 & 2031F |
9.2 Grenada Essential Oil Extraction Market Opportunity Assessment, By Products, 2021 & 2031F |
9.3 Grenada Essential Oil Extraction Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Grenada Essential Oil Extraction Market - Competitive Landscape |
10.1 Grenada Essential Oil Extraction Market Revenue Share, By Companies, 2024 |
10.2 Grenada Essential Oil Extraction 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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