| Product Code: ETC4847490 | 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 |
In 2024, Grenada continued to heavily rely on imports of infant formula milk powder, with top suppliers being Trinidad and Tobago, Puerto Rico, USA, UK, and the Dominican Republic. The market concentration, as measured by the HHI, remained very high, indicating a competitive market landscape. Despite a strong compound annual growth rate (CAGR) of 11.93% from 2020 to 2024, there was a slight decline in the growth rate from 2023 to 2024 at -9.77%. This suggests a potential stabilization or adjustment in the market dynamics for infant formula milk powder imports 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 Infant Formula Milk Powder Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Infant Formula Milk Powder Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Infant Formula Milk Powder Market - Industry Life Cycle |
3.4 Grenada Infant Formula Milk Powder Market - Porter's Five Forces |
3.5 Grenada Infant Formula Milk Powder Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Grenada Infant Formula Milk Powder Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
3.7 Grenada Infant Formula Milk Powder Market Revenues & Volume Share, By Ingredient, 2021 & 2031F |
4 Grenada Infant Formula Milk Powder Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Grenada Infant Formula Milk Powder Market Trends |
6 Grenada Infant Formula Milk Powder Market Segmentations |
6.1 Grenada Infant Formula Milk Powder Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Grenada Infant Formula Milk Powder Market Revenues & Volume, By Infant Milk, 2021-2031F |
6.1.3 Grenada Infant Formula Milk Powder Market Revenues & Volume, By Follow-on-Milk, 2021-2031F |
6.1.4 Grenada Infant Formula Milk Powder Market Revenues & Volume, By Specialty Baby Milk, 2021-2031F |
6.1.5 Grenada Infant Formula Milk Powder Market Revenues & Volume, By Growing-up Milk, 2021-2031F |
6.2 Grenada Infant Formula Milk Powder Market, By Distribution Channel |
6.2.1 Overview and Analysis |
6.2.2 Grenada Infant Formula Milk Powder Market Revenues & Volume, By Hypermarkets, 2021-2031F |
6.2.3 Grenada Infant Formula Milk Powder Market Revenues & Volume, By Supermarkets, 2021-2031F |
6.2.4 Grenada Infant Formula Milk Powder Market Revenues & Volume, By Pharmacy/Medical Stores, 2021-2031F |
6.2.5 Grenada Infant Formula Milk Powder Market Revenues & Volume, By Specialty Stores, 2021-2031F |
6.2.6 Grenada Infant Formula Milk Powder Market Revenues & Volume, By Hard Discounter Stores, 2021-2031F |
6.2.7 Grenada Infant Formula Milk Powder Market Revenues & Volume, By Others, 2021-2031F |
6.3 Grenada Infant Formula Milk Powder Market, By Ingredient |
6.3.1 Overview and Analysis |
6.3.2 Grenada Infant Formula Milk Powder Market Revenues & Volume, By Carbohydrate, 2021-2031F |
6.3.3 Grenada Infant Formula Milk Powder Market Revenues & Volume, By Fat, 2021-2031F |
6.3.4 Grenada Infant Formula Milk Powder Market Revenues & Volume, By Protein, 2021-2031F |
6.3.5 Grenada Infant Formula Milk Powder Market Revenues & Volume, By Minerals, 2021-2031F |
6.3.6 Grenada Infant Formula Milk Powder Market Revenues & Volume, By Vitamins, 2021-2031F |
6.3.7 Grenada Infant Formula Milk Powder Market Revenues & Volume, By Others, 2021-2031F |
7 Grenada Infant Formula Milk Powder Market Import-Export Trade Statistics |
7.1 Grenada Infant Formula Milk Powder Market Export to Major Countries |
7.2 Grenada Infant Formula Milk Powder Market Imports from Major Countries |
8 Grenada Infant Formula Milk Powder Market Key Performance Indicators |
9 Grenada Infant Formula Milk Powder Market - Opportunity Assessment |
9.1 Grenada Infant Formula Milk Powder Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Grenada Infant Formula Milk Powder Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
9.3 Grenada Infant Formula Milk Powder Market Opportunity Assessment, By Ingredient, 2021 & 2031F |
10 Grenada Infant Formula Milk Powder Market - Competitive Landscape |
10.1 Grenada Infant Formula Milk Powder Market Revenue Share, By Companies, 2024 |
10.2 Grenada Infant Formula Milk Powder 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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