| Product Code: ETC7372073 | 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 |
Grenada`s herbal products import market continued to thrive in 2024, with significant contributions from top exporting countries including the USA, UK, Trinidad and Tobago, China, and India. The high Herfindahl-Hirschman Index (HHI) signifies a concentrated market, while the impressive Compound Annual Growth Rate (CAGR) of 71.29% from 2020 to 2024 demonstrates strong sustained growth. The remarkable growth rate of 103.52% from 2023 to 2024 indicates accelerating momentum in this market segment, reflecting a promising outlook for the herbal products industry in 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 Herbal Products Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Herbal Products Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Herbal Products Market - Industry Life Cycle |
3.4 Grenada Herbal Products Market - Porter's Five Forces |
3.5 Grenada Herbal Products Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.6 Grenada Herbal Products Market Revenues & Volume Share, By Formulation, 2021 & 2031F |
3.7 Grenada Herbal Products Market Revenues & Volume Share, By Consumer, 2021 & 2031F |
3.8 Grenada Herbal Products Market Revenues & Volume Share, By Source, 2021 & 2031F |
3.9 Grenada Herbal Products Market Revenues & Volume Share, By Function, 2021 & 2031F |
3.10 Grenada Herbal Products Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.11 Grenada Herbal Products Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 Grenada Herbal Products Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing consumer awareness about the health benefits of herbal products |
4.2.2 Growing preference for natural and organic products |
4.2.3 Rise in demand for traditional remedies and alternative medicine practices |
4.3 Market Restraints |
4.3.1 Limited availability of raw materials for herbal products in Grenada |
4.3.2 Lack of standardized regulations and quality control in the herbal products market |
4.3.3 Competition from pharmaceutical companies offering synthetic alternatives |
5 Grenada Herbal Products Market Trends |
6 Grenada Herbal Products Market, By Types |
6.1 Grenada Herbal Products Market, By Product |
6.1.1 Overview and Analysis |
6.1.2 Grenada Herbal Products Market Revenues & Volume, By Product, 2021- 2031F |
6.1.3 Grenada Herbal Products Market Revenues & Volume, By Moringa, 2021- 2031F |
6.1.4 Grenada Herbal Products Market Revenues & Volume, By Echinacea, 2021- 2031F |
6.1.5 Grenada Herbal Products Market Revenues & Volume, By Flaxseeds, 2021- 2031F |
6.1.6 Grenada Herbal Products Market Revenues & Volume, By Turmeric, 2021- 2031F |
6.1.7 Grenada Herbal Products Market Revenues & Volume, By Ginger, 2021- 2031F |
6.1.8 Grenada Herbal Products Market Revenues & Volume, By Ginseng, 2021- 2031F |
6.2 Grenada Herbal Products Market, By Formulation |
6.2.1 Overview and Analysis |
6.2.2 Grenada Herbal Products Market Revenues & Volume, By Tablets, 2021- 2031F |
6.2.3 Grenada Herbal Products Market Revenues & Volume, By Capsules, 2021- 2031F |
6.2.4 Grenada Herbal Products Market Revenues & Volume, By Liquid, 2021- 2031F |
6.2.5 Grenada Herbal Products Market Revenues & Volume, By Powder and Granules, 2021- 2031F |
6.2.6 Grenada Herbal Products Market Revenues & Volume, By Soft Gels, 2021- 2031F |
6.2.7 Grenada Herbal Products Market Revenues & Volume, By Others, 2021- 2031F |
6.3 Grenada Herbal Products Market, By Consumer |
6.3.1 Overview and Analysis |
6.3.2 Grenada Herbal Products Market Revenues & Volume, By Pregnant Women, 2021- 2031F |
6.3.3 Grenada Herbal Products Market Revenues & Volume, By Adult, 2021- 2031F |
6.3.4 Grenada Herbal Products Market Revenues & Volume, By Paediatric, 2021- 2031F |
6.3.5 Grenada Herbal Products Market Revenues & Volume, By Geriatric, 2021- 2031F |
6.4 Grenada Herbal Products Market, By Source |
6.4.1 Overview and Analysis |
6.4.2 Grenada Herbal Products Market Revenues & Volume, By Leaves, 2021- 2031F |
6.4.3 Grenada Herbal Products Market Revenues & Volume, By Fruits and Vegetable, 2021- 2031F |
6.4.4 Grenada Herbal Products Market Revenues & Volume, By Barks, 2021- 2031F |
6.4.5 Grenada Herbal Products Market Revenues & Volume, By Roots, 2021- 2031F |
6.4.6 Grenada Herbal Products Market Revenues & Volume, By Others, 2021- 2031F |
6.5 Grenada Herbal Products Market, By Function |
6.5.1 Overview and Analysis |
6.5.2 Grenada Herbal Products Market Revenues & Volume, By Medicinal, 2021- 2031F |
6.5.3 Grenada Herbal Products Market Revenues & Volume, By Aroma, 2021- 2031F |
6.5.4 Grenada Herbal Products Market Revenues & Volume, By Others, 2021- 2031F |
6.6 Grenada Herbal Products Market, By Application |
6.6.1 Overview and Analysis |
6.6.2 Grenada Herbal Products Market Revenues & Volume, By Pharmaceutical, 2021- 2031F |
6.6.3 Grenada Herbal Products Market Revenues & Volume, By Personal Care, 2021- 2031F |
6.6.4 Grenada Herbal Products Market Revenues & Volume, By Food and Beverages, 2021- 2031F |
6.6.5 Grenada Herbal Products Market Revenues & Volume, By Others, 2021- 2031F |
6.7 Grenada Herbal Products Market, By Distribution Channel |
6.7.1 Overview and Analysis |
6.7.2 Grenada Herbal Products Market Revenues & Volume, By Offline Stores, 2021- 2031F |
6.7.3 Grenada Herbal Products Market Revenues & Volume, By Online Stores, 2021- 2031F |
7 Grenada Herbal Products Market Import-Export Trade Statistics |
7.1 Grenada Herbal Products Market Export to Major Countries |
7.2 Grenada Herbal Products Market Imports from Major Countries |
8 Grenada Herbal Products Market Key Performance Indicators |
8.1 Number of new herbal products launched in the market |
8.2 Percentage of consumers using herbal products regularly |
8.3 Growth in the number of herbal product retailers in Grenada |
9 Grenada Herbal Products Market - Opportunity Assessment |
9.1 Grenada Herbal Products Market Opportunity Assessment, By Product, 2021 & 2031F |
9.2 Grenada Herbal Products Market Opportunity Assessment, By Formulation, 2021 & 2031F |
9.3 Grenada Herbal Products Market Opportunity Assessment, By Consumer, 2021 & 2031F |
9.4 Grenada Herbal Products Market Opportunity Assessment, By Source, 2021 & 2031F |
9.5 Grenada Herbal Products Market Opportunity Assessment, By Function, 2021 & 2031F |
9.6 Grenada Herbal Products Market Opportunity Assessment, By Application, 2021 & 2031F |
9.7 Grenada Herbal Products Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
10 Grenada Herbal Products Market - Competitive Landscape |
10.1 Grenada Herbal Products Market Revenue Share, By Companies, 2024 |
10.2 Grenada Herbal 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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