| Product Code: ETC4692811 | Publication Date: Nov 2023 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Deep | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
In 2024, Grenada continued to heavily rely on iodine imports, with top exporters being the USA, Barbados, Guyana, UK, and Jamaica. The market saw a high level of concentration, indicating limited competition among suppliers. Despite a strong compound annual growth rate (CAGR) of 29.61% from 2020 to 2024, there was a significant decline in growth from 2023 to 2024 by -22.05%. This fluctuation may signal changes in market dynamics or external factors impacting iodine trade in Grenada.
The Iodine market in Grenada is projected to grow at a negative growth rate of -2.43% by 2027, highlighting the country's increasing focus on advanced technologies within the North America region, where United States of America holds the dominant position, followed closely by Canada, Trinidad and Tobago, Jamaica and Bahamas, shaping overall regional demand.

The iodine market in Grenada is growing as iodine plays a crucial role in various industries, including pharmaceuticals, food additives, and disinfectants. Iodine is used to produce antiseptics, and in the manufacturing of iodized salt, which is vital for preventing iodine deficiency. With the increasing demand for iodine in the medical and food sectors, the market in Grenada is expected to see sustained growth.
The iodine market in Grenada is supported by its growing use in medical diagnostics, disinfectants, and as a supplement in iodine-deficient regions. Its application in the pharmaceutical and agricultural sectors also contributes to the market`s expansion.
The iodine market in Grenada faces challenges related to supply chain constraints and limited industrial demand. Iodine is used in various applications, including pharmaceuticals, disinfectants, and industrial processes. However, the relatively small size of Grenada`s healthcare and industrial sectors limits the demand for iodine-based products. Additionally, iodine is largely imported, which increases the cost and reduces market accessibility for smaller businesses. The absence of local production facilities and the small scale of the market further hinder iodine`s availability and drive up costs.
The government of Grenada monitors and regulates the iodine market as part of its public health policies. The focus is on ensuring that iodine is widely available for use in salt fortification programs aimed at preventing iodine deficiency, which is a public health concern.
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 Iodine Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Iodine Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Iodine Market - Industry Life Cycle |
3.4 Grenada Iodine Market - Porter's Five Forces |
3.5 Grenada Iodine Market Revenues & Volume Share, By Source, 2021 & 2031F |
3.6 Grenada Iodine Market Revenues & Volume Share, By Form, 2021 & 2031F |
3.7 Grenada Iodine Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Grenada Iodine Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Grenada Iodine Market Trends |
6 Grenada Iodine Market Segmentations |
6.1 Grenada Iodine Market, By Source |
6.1.1 Overview and Analysis |
6.1.2 Grenada Iodine Market Revenues & Volume, By Caliche Ore, 2021-2031F |
6.1.3 Grenada Iodine Market Revenues & Volume, By Underground Brines, 2021-2031F |
6.1.4 Grenada Iodine Market Revenues & Volume, By Recycling, 2021-2031F |
6.1.5 Grenada Iodine Market Revenues & Volume, By Seaweeds, 2021-2031F |
6.2 Grenada Iodine Market, By Form |
6.2.1 Overview and Analysis |
6.2.2 Grenada Iodine Market Revenues & Volume, By Organic Compounds, 2021-2031F |
6.2.3 Grenada Iodine Market Revenues & Volume, By Inorganic Salts & Complexes, 2021-2031F |
6.2.4 Grenada Iodine Market Revenues & Volume, By Elemental & Isotopes, 2021-2031F |
6.3 Grenada Iodine Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Grenada Iodine Market Revenues & Volume, By X-Ray Contrast Media, 2021-2031F |
6.3.3 Grenada Iodine Market Revenues & Volume, By Pharmaceuticals, 2021-2031F |
6.3.4 Grenada Iodine Market Revenues & Volume, By Optical Polarizing Films, 2021-2031F |
6.3.5 Grenada Iodine Market Revenues & Volume, By Catalyst in Polymer Processing, 2021-2031F |
6.3.6 Grenada Iodine Market Revenues & Volume, By Animal Feed, 2021-2031F |
6.3.7 Grenada Iodine Market Revenues & Volume, By Fluorochemicals, 2021-2031F |
6.3.8 Grenada Iodine Market Revenues & Volume, By Others? , 2021-2031F |
6.3.9 Grenada Iodine Market Revenues & Volume, By Others? , 2021-2031F |
7 Grenada Iodine Market Import-Export Trade Statistics |
7.1 Grenada Iodine Market Export to Major Countries |
7.2 Grenada Iodine Market Imports from Major Countries |
8 Grenada Iodine Market Key Performance Indicators |
9 Grenada Iodine Market - Opportunity Assessment |
9.1 Grenada Iodine Market Opportunity Assessment, By Source, 2021 & 2031F |
9.2 Grenada Iodine Market Opportunity Assessment, By Form, 2021 & 2031F |
9.3 Grenada Iodine Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Grenada Iodine Market - Competitive Landscape |
10.1 Grenada Iodine Market Revenue Share, By Companies, 2024 |
10.2 Grenada Iodine Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |