| Product Code: ETC4841771 | Publication Date: Nov 2023 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
Grenada continues to rely on key trading partners such as the USA, Trinidad and Tobago, Guyana, India, and Jamaica for its herbs and spices imports in 2024. Despite a slight decline in growth rate from 2023 to 2024, the industry has maintained a steady Compound Annual Growth Rate (CAGR) of 2.0% over the past four years. The high Herfindahl-Hirschman Index (HHI) indicates a market concentration among these top exporting countries, highlighting a competitive landscape for Grenada`s herbs and spices market.
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 Herbs and Spices Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Herbs and Spices Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Herbs and Spices Market - Industry Life Cycle |
3.4 Grenada Herbs and Spices Market - Porter's Five Forces |
3.5 Grenada Herbs and Spices Market Revenues & Volume Share, By Product type, 2021 & 2031F |
3.6 Grenada Herbs and Spices Market Revenues & Volume Share, By End Use, 2021 & 2031F |
3.7 Grenada Herbs and Spices Market Revenues & Volume Share, By Form, 2021 & 2031F |
3.8 Grenada Herbs and Spices Market Revenues & Volume Share, By Sales channel, 2021 & 2031F |
3.9 Grenada Herbs and Spices Market Revenues & Volume Share, By Nature, 2021 & 2031F |
4 Grenada Herbs and Spices Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Grenada Herbs and Spices Market Trends |
6 Grenada Herbs and Spices Market Segmentations |
6.1 Grenada Herbs and Spices Market, By Product type |
6.1.1 Overview and Analysis |
6.1.2 Grenada Herbs and Spices Market Revenues & Volume, By Herbs, 2021-2031F |
6.1.3 Grenada Herbs and Spices Market Revenues & Volume, By Spices, 2021-2031F |
6.1.4 Grenada Herbs and Spices Market Revenues & Volume, By Paprila, 2021-2031F |
6.1.5 Grenada Herbs and Spices Market Revenues & Volume, By Cumin, 2021-2031F |
6.2 Grenada Herbs and Spices Market, By End Use |
6.2.1 Overview and Analysis |
6.2.2 Grenada Herbs and Spices Market Revenues & Volume, By Food, 2021-2031F |
6.2.3 Grenada Herbs and Spices Market Revenues & Volume, By Beverage, 2021-2031F |
6.2.4 Grenada Herbs and Spices Market Revenues & Volume, By Food Service, 2021-2031F |
6.2.5 Grenada Herbs and Spices Market Revenues & Volume, By Retail, 2021-2031F |
6.3 Grenada Herbs and Spices Market, By Form |
6.3.1 Overview and Analysis |
6.3.2 Grenada Herbs and Spices Market Revenues & Volume, By Powder & Granules, 2021-2031F |
6.3.3 Grenada Herbs and Spices Market Revenues & Volume, By Flakes, 2021-2031F |
6.3.4 Grenada Herbs and Spices Market Revenues & Volume, By Paste, 2021-2031F |
6.3.5 Grenada Herbs and Spices Market Revenues & Volume, By Whole/Fresh, 2021-2031F |
6.4 Grenada Herbs and Spices Market, By Sales channel |
6.4.1 Overview and Analysis |
6.4.2 Grenada Herbs and Spices Market Revenues & Volume, By Direct, 2021-2031F |
6.4.3 Grenada Herbs and Spices Market Revenues & Volume, By Indirect, 2021-2031F |
6.5 Grenada Herbs and Spices Market, By Nature |
6.5.1 Overview and Analysis |
6.5.2 Grenada Herbs and Spices Market Revenues & Volume, By Organic, 2021-2031F |
6.5.3 Grenada Herbs and Spices Market Revenues & Volume, By Vegan, 2021-2031F |
6.5.4 Grenada Herbs and Spices Market Revenues & Volume, By Natural, 2021-2031F |
6.5.5 Grenada Herbs and Spices Market Revenues & Volume, By Non-GMO, 2021-2031F |
6.5.6 Grenada Herbs and Spices Market Revenues & Volume, By Conventional, 2021-2031F |
7 Grenada Herbs and Spices Market Import-Export Trade Statistics |
7.1 Grenada Herbs and Spices Market Export to Major Countries |
7.2 Grenada Herbs and Spices Market Imports from Major Countries |
8 Grenada Herbs and Spices Market Key Performance Indicators |
9 Grenada Herbs and Spices Market - Opportunity Assessment |
9.1 Grenada Herbs and Spices Market Opportunity Assessment, By Product type, 2021 & 2031F |
9.2 Grenada Herbs and Spices Market Opportunity Assessment, By End Use, 2021 & 2031F |
9.3 Grenada Herbs and Spices Market Opportunity Assessment, By Form, 2021 & 2031F |
9.4 Grenada Herbs and Spices Market Opportunity Assessment, By Sales channel, 2021 & 2031F |
9.5 Grenada Herbs and Spices Market Opportunity Assessment, By Nature, 2021 & 2031F |
10 Grenada Herbs and Spices Market - Competitive Landscape |
10.1 Grenada Herbs and Spices Market Revenue Share, By Companies, 2024 |
10.2 Grenada Herbs and Spices 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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