| Product Code: ETC12372454 | Publication Date: Apr 2025 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sachin Kumar Rai | No. of Pages: 65 | No. of Figures: 34 | No. of Tables: 19 |
Grenada`s import of herbal extract products in 2024 continued to be dominated by top exporting countries such as the USA, Turkey, UK, Saint Lucia, and India. Despite a high concentration level indicated by the Herfindahl-Hirschman Index (HHI), the market experienced a significant growth with a compound annual growth rate (CAGR) of 13.44% from 2020 to 2024. However, there was a notable decline in the growth rate from 2023 to 2024 at -48.79%, signaling a potential shift in market dynamics that may warrant further investigation.
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 Herbal Extract Products Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Herbal Extract Products Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Herbal Extract Products Market - Industry Life Cycle |
3.4 Grenada Herbal Extract Products Market - Porter's Five Forces |
3.5 Grenada Herbal Extract Products Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Grenada Herbal Extract Products Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Grenada Herbal Extract Products Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Grenada Herbal Extract Products Market Trends |
6 Grenada Herbal Extract Products Market, By Types |
6.1 Grenada Herbal Extract Products Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Grenada Herbal Extract Products Market Revenues & Volume, By Type, 2021 - 2031F |
6.1.3 Grenada Herbal Extract Products Market Revenues & Volume, By Alcohol-based extract, 2021 - 2031F |
6.1.4 Grenada Herbal Extract Products Market Revenues & Volume, By Powder-based extract, 2021 - 2031F |
6.1.5 Grenada Herbal Extract Products Market Revenues & Volume, By Oil-based extract, 2021 - 2031F |
6.1.6 Grenada Herbal Extract Products Market Revenues & Volume, By Spices, 2021 - 2031F |
6.1.7 Grenada Herbal Extract Products Market Revenues & Volume, By Flavors, 2021 - 2031F |
6.1.8 Grenada Herbal Extract Products Market Revenues & Volume, By Fragrances, 2021 - 2029F |
6.1.9 Grenada Herbal Extract Products Market Revenues & Volume, By Essential oils, 2021 - 2029F |
6.1.10 Grenada Herbal Extract Products Market Revenues & Volume, By Essential oils, 2021 - 2029F |
6.2 Grenada Herbal Extract Products Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Grenada Herbal Extract Products Market Revenues & Volume, By Personal Care & Cosmetics, 2021 - 2031F |
6.2.3 Grenada Herbal Extract Products Market Revenues & Volume, By Food & Beverages, 2021 - 2031F |
6.2.4 Grenada Herbal Extract Products Market Revenues & Volume, By Animal Feed, 2021 - 2031F |
6.2.5 Grenada Herbal Extract Products Market Revenues & Volume, By Pharmaceuticals, 2021 - 2031F |
6.2.6 Grenada Herbal Extract Products Market Revenues & Volume, By Nutraceuticals, 2021 - 2031F |
6.2.7 Grenada Herbal Extract Products Market Revenues & Volume, By Others, 2021 - 2029F |
7 Grenada Herbal Extract Products Market Import-Export Trade Statistics |
7.1 Grenada Herbal Extract Products Market Export to Major Countries |
7.2 Grenada Herbal Extract Products Market Imports from Major Countries |
8 Grenada Herbal Extract Products Market Key Performance Indicators |
9 Grenada Herbal Extract Products Market - Opportunity Assessment |
9.1 Grenada Herbal Extract Products Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Grenada Herbal Extract Products Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Grenada Herbal Extract Products Market - Competitive Landscape |
10.1 Grenada Herbal Extract Products Market Revenue Share, By Companies, 2024 |
10.2 Grenada Herbal Extract Products 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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