| Product Code: ETC5800150 | 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`s import shipments of halal ingredients continued to show strong growth, with a high Herfindahl-Hirschman Index (HHI) indicating market concentration. The top exporting countries to Grenada in 2024 were the USA, Costa Rica, Jamaica, UK, and Trinidad and Tobago. The compound annual growth rate (CAGR) from 2020 to 2024 was an impressive 15.77%, with a notable growth rate of 30.88% from 2023 to 2024. This suggests a thriving market for halal ingredients in Grenada, with a diverse range of sourcing countries contributing to its growth.
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 Halal Ingredients Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Halal Ingredients Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Halal Ingredients Market - Industry Life Cycle |
3.4 Grenada Halal Ingredients Market - Porter's Five Forces |
3.5 Grenada Halal Ingredients Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Grenada Halal Ingredients Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Grenada Halal Ingredients Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing consumer awareness and demand for halal products |
4.2.2 Increasing Muslim population in Grenada |
4.2.3 Government regulations supporting halal certification and compliance |
4.3 Market Restraints |
4.3.1 Limited availability of halal-certified ingredients |
4.3.2 Higher production costs associated with halal certification and compliance |
5 Grenada Halal Ingredients Market Trends |
6 Grenada Halal Ingredients Market Segmentations |
6.1 Grenada Halal Ingredients Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Grenada Halal Ingredients Market Revenues & Volume, By Ingredients for Food & Beverage Industry, 2021-2031F |
6.1.3 Grenada Halal Ingredients Market Revenues & Volume, By Ingredients for Pharmaceutical Industry, 2021-2031F |
6.1.4 Grenada Halal Ingredients Market Revenues & Volume, By Ingredients for Cosmetics Industry, 2021-2031F |
6.2 Grenada Halal Ingredients Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Grenada Halal Ingredients Market Revenues & Volume, By Food & Beverage, 2021-2031F |
6.2.3 Grenada Halal Ingredients Market Revenues & Volume, By Pharmaceuticals, 2021-2031F |
6.2.4 Grenada Halal Ingredients Market Revenues & Volume, By Cosmetics, 2021-2031F |
7 Grenada Halal Ingredients Market Import-Export Trade Statistics |
7.1 Grenada Halal Ingredients Market Export to Major Countries |
7.2 Grenada Halal Ingredients Market Imports from Major Countries |
8 Grenada Halal Ingredients Market Key Performance Indicators |
8.1 Number of new product launches featuring halal ingredients in Grenada |
8.2 Percentage increase in halal food consumption in Grenada |
8.3 Number of Grenadian food manufacturers obtaining halal certification |
9 Grenada Halal Ingredients Market - Opportunity Assessment |
9.1 Grenada Halal Ingredients Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Grenada Halal Ingredients Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Grenada Halal Ingredients Market - Competitive Landscape |
10.1 Grenada Halal Ingredients Market Revenue Share, By Companies, 2024 |
10.2 Grenada Halal Ingredients 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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