Grenada Iodine Market (2025-2031) | Size, Value, Segmentation, Companies, Share, Revenue, Outlook, Industry, Growth, Trends, Analysis & Forecast

Market Forecast By Source (Caliche Ore, Underground Brines, Recycling, Seaweeds), By Form (Organic Compounds, Inorganic Salts & Complexes, Elemental & Isotopes), By Application (X-Ray Contrast Media, Pharmaceuticals, Optical Polarizing Films, Catalyst in Polymer Processing, Animal Feed, Fluorochemicals, Human Nutrition, Others) And Competitive Landscape
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

Grenada Iodine Market Top 5 Importing Countries and Market Competition (HHI) Analysis

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.

Iodine Market: Grenada vs Top 5 Major Economies in 2027 (North America)


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.

Iodine Market: Grenada vs Top 5 Major Economies in 2027 (North America)

Grenada Iodine Market Overview

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.

Drivers of the market

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.

Challenges of the market

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.

Government Policy of the market

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.

Key Highlights of the Report:

  • Grenada Iodine Market Outlook
  • Market Size of Grenada Iodine Market, 2024
  • Forecast of Grenada Iodine Market, 2031
  • Historical Data and Forecast of Grenada Iodine Revenues & Volume for the Period 2021-2031
  • Grenada Iodine Market Trend Evolution
  • Grenada Iodine Market Drivers and Challenges
  • Grenada Iodine Price Trends
  • Grenada Iodine Porter`s Five Forces
  • Grenada Iodine Industry Life Cycle
  • Historical Data and Forecast of Grenada Iodine Market Revenues & Volume By Source for the Period 2021-2031
  • Historical Data and Forecast of Grenada Iodine Market Revenues & Volume By Caliche Ore for the Period 2021-2031
  • Historical Data and Forecast of Grenada Iodine Market Revenues & Volume By Underground Brines for the Period 2021-2031
  • Historical Data and Forecast of Grenada Iodine Market Revenues & Volume By Recycling for the Period 2021-2031
  • Historical Data and Forecast of Grenada Iodine Market Revenues & Volume By Seaweeds for the Period 2021-2031
  • Historical Data and Forecast of Grenada Iodine Market Revenues & Volume By Form for the Period 2021-2031
  • Historical Data and Forecast of Grenada Iodine Market Revenues & Volume By Organic Compounds for the Period 2021-2031
  • Historical Data and Forecast of Grenada Iodine Market Revenues & Volume By Inorganic Salts & Complexes for the Period 2021-2031
  • Historical Data and Forecast of Grenada Iodine Market Revenues & Volume By Elemental & Isotopes for the Period 2021-2031
  • Historical Data and Forecast of Grenada Iodine Market Revenues & Volume By Application for the Period 2021-2031
  • Historical Data and Forecast of Grenada Iodine Market Revenues & Volume By X-Ray Contrast Media for the Period 2021-2031
  • Historical Data and Forecast of Grenada Iodine Market Revenues & Volume By Pharmaceuticals for the Period 2021-2031
  • Historical Data and Forecast of Grenada Iodine Market Revenues & Volume By Optical Polarizing Films for the Period 2021-2031
  • Historical Data and Forecast of Grenada Iodine Market Revenues & Volume By Catalyst in Polymer Processing for the Period 2021-2031
  • Historical Data and Forecast of Grenada Iodine Market Revenues & Volume By Animal Feed for the Period 2021-2031
  • Historical Data and Forecast of Grenada Iodine Market Revenues & Volume By Fluorochemicals for the Period 2021-2031
  • Historical Data and Forecast of Grenada Iodine Market Revenues & Volume By Human Nutrition for the Period 2021-2031
  • Historical Data and Forecast of Grenada Iodine Market Revenues & Volume By Othersfor the Period 2021-2031
  • Grenada Iodine Import Export Trade Statistics
  • Market Opportunity Assessment By Source
  • Market Opportunity Assessment By Form
  • Market Opportunity Assessment By Application
  • Grenada Iodine Top Companies Market Share
  • Grenada Iodine Competitive Benchmarking By Technical and Operational Parameters
  • Grenada Iodine Company Profiles
  • Grenada Iodine Key Strategic Recommendations

Frequently Asked Questions About the Market Study (FAQs):

6Wresearch actively monitors the Grenada Iodine Market and publishes its comprehensive annual report, highlighting emerging trends, growth drivers, revenue analysis, and forecast outlook. Our insights help businesses to make data-backed strategic decisions with ongoing market dynamics. Our analysts track relevent industries related to the Grenada Iodine Market, allowing our clients with actionable intelligence and reliable forecasts tailored to emerging regional needs.
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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

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