Product Code: ETC4849751 | Publication Date: Nov 2023 | Updated Date: Apr 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Sachin Kumar Rai | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
The Grenada Ghee Market is projected to witness mixed growth rate patterns during 2025 to 2029. The growth rate begins at 1.37% in 2025, climbs to a high of 2.83% in 2027, and moderates to 0.36% by 2029.
By 2027, the Ghee market in Grenada is anticipated to reach a growth rate of 2.83%, as part of an increasingly competitive North America region, where United States of America remains at the forefront, supported by Canada, Trinidad and Tobago, Jamaica and Bahamas, driving innovations and market adoption across sectors.
The ghee market in Grenada is focused on the production and consumption of clarified butter. Ghee has become an important cooking medium and is commonly used in both traditional and modern cooking. Its popularity in Grenada is influenced by cultural and culinary preferences that favor rich, flavorful ingredients.
The demand for ghee in Grenada is largely driven by the increasing awareness of health benefits associated with traditional cooking fats. Ghee is highly regarded for its high smoke point, which makes it ideal for cooking, especially in local cuisines. Moreover, as consumers turn toward more natural, organic, and preservative-free food products, ghee has gained popularity as a preferred alternative to other oils and margarine. Additionally, the growing trend of Ayurvedic and natural wellness practices contributes to the market`s growth, as ghee is widely used in traditional health remedies. The rise of the wellness and fitness culture also plays a significant role in boosting the consumption of ghee, as it is seen as a nutritious fat source.
The Grenada ghee market faces several challenges, including fluctuating raw material costs, which can significantly impact production costs. The local supply of high-quality dairy products is limited, which can result in a reliance on imports, further increasing the cost. Additionally, consumer awareness regarding the health benefits and proper usage of ghee is relatively low, hindering market growth. Regulatory restrictions on the production and sale of dairy products, as well as stringent food safety standards, can further complicate market expansion.
The ghee market in Grenada is influenced by both local consumption patterns and international trade policies. Ghee, a clarified butter used in cooking, has been gaining popularity due to its rich taste and health benefits. Grenadian consumers increasingly prefer natural and organic food products, driving demand for ghee. The government supports agricultural policies that encourage local dairy farming, which may provide the necessary raw materials for ghee production. However, market growth is dependent on the affordability of raw materials, especially given global fluctuations in dairy prices.
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 Ghee Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Ghee Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Ghee Market - Industry Life Cycle |
3.4 Grenada Ghee Market - Porter's Five Forces |
3.5 Grenada Ghee Market Revenues & Volume Share, By Source, 2021 & 2031F |
3.6 Grenada Ghee Market Revenues & Volume Share, By End-use, 2021 & 2031F |
3.7 Grenada Ghee Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 Grenada Ghee Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Grenada Ghee Market Trends |
6 Grenada Ghee Market Segmentations |
6.1 Grenada Ghee Market, By Source |
6.1.1 Overview and Analysis |
6.1.2 Grenada Ghee Market Revenues & Volume, By Cow, 2021-2031F |
6.1.3 Grenada Ghee Market Revenues & Volume, By Buffalo, 2021-2031F |
6.1.4 Grenada Ghee Market Revenues & Volume, By Mixed, 2021-2031F |
6.2 Grenada Ghee Market, By End-use |
6.2.1 Overview and Analysis |
6.2.2 Grenada Ghee Market Revenues & Volume, By Retail, 2021-2031F |
6.2.3 Grenada Ghee Market Revenues & Volume, By Institutional, 2021-2031F |
6.3 Grenada Ghee Market, By Distribution Channel |
6.3.1 Overview and Analysis |
6.3.2 Grenada Ghee Market Revenues & Volume, By Supermarkets/Hypermarkets, 2021-2031F |
6.3.3 Grenada Ghee Market Revenues & Volume, By Convenience Stores, 2021-2031F |
6.3.4 Grenada Ghee Market Revenues & Volume, By Specialty Stores, 2021-2031F |
6.3.5 Grenada Ghee Market Revenues & Volume, By Online, 2021-2031F |
6.3.6 Grenada Ghee Market Revenues & Volume, By Others, 2021-2031F |
7 Grenada Ghee Market Import-Export Trade Statistics |
7.1 Grenada Ghee Market Export to Major Countries |
7.2 Grenada Ghee Market Imports from Major Countries |
8 Grenada Ghee Market Key Performance Indicators |
9 Grenada Ghee Market - Opportunity Assessment |
9.1 Grenada Ghee Market Opportunity Assessment, By Source, 2021 & 2031F |
9.2 Grenada Ghee Market Opportunity Assessment, By End-use, 2021 & 2031F |
9.3 Grenada Ghee Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
10 Grenada Ghee Market - Competitive Landscape |
10.1 Grenada Ghee Market Revenue Share, By Companies, 2024 |
10.2 Grenada Ghee Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |