| Product Code: ETC5818105 | Publication Date: Nov 2023 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
In 2024, Grenada continued to import significant amounts of lutein, with top exporters being Trinidad and Tobago, UK, USA, Metropolitan France, and Saint Lucia. Despite the high concentration with a high Herfindahl-Hirschman Index (HHI), the compound annual growth rate (CAGR) between 2020-24 remained strong at 17.93%. However, there was a notable decline in the growth rate from 2023-24 at -40.9%, indicating a potential shift in market dynamics or external factors impacting the lutein import market 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 Lutein Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Lutein Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Lutein Market - Industry Life Cycle |
3.4 Grenada Lutein Market - Porter's Five Forces |
3.5 Grenada Lutein Market Revenues & Volume Share, By Form, 2021 & 2031F |
3.6 Grenada Lutein Market Revenues & Volume Share, By Source, 2021 & 2031F |
3.7 Grenada Lutein Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.8 Grenada Lutein Market Revenues & Volume Share, By Production Process, 2021 & 2031F |
4 Grenada Lutein Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing consumer awareness about the health benefits of lutein in eye health. |
4.2.2 Growing demand for natural and organic ingredients in the food and beverage industry. |
4.2.3 Rise in the aging population globally leading to higher demand for lutein supplements. |
4.3 Market Restraints |
4.3.1 Fluctuating prices of raw materials impacting the production costs of lutein. |
4.3.2 Stringent regulations and standards for lutein extraction and production. |
4.3.3 Competition from synthetic alternatives in the market. |
5 Grenada Lutein Market Trends |
6 Grenada Lutein Market Segmentations |
6.1 Grenada Lutein Market, By Form |
6.1.1 Overview and Analysis |
6.1.2 Grenada Lutein Market Revenues & Volume, By Powder & Crystalline, 2021-2031F |
6.1.3 Grenada Lutein Market Revenues & Volume, By Oil Suspension, 2021-2031F |
6.1.4 Grenada Lutein Market Revenues & Volume, By Beadlet, 2021-2031F |
6.1.5 Grenada Lutein Market Revenues & Volume, By Emulsion, 2021-2031F |
6.2 Grenada Lutein Market, By Source |
6.2.1 Overview and Analysis |
6.2.2 Grenada Lutein Market Revenues & Volume, By Natural, 2021-2031F |
6.2.3 Grenada Lutein Market Revenues & Volume, By Synthetic, 2021-2031F |
6.3 Grenada Lutein Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Grenada Lutein Market Revenues & Volume, By Food, 2021-2031F |
6.3.3 Grenada Lutein Market Revenues & Volume, By Beverages, 2021-2031F |
6.3.4 Grenada Lutein Market Revenues & Volume, By Dietary Supplements, 2021-2031F |
6.3.5 Grenada Lutein Market Revenues & Volume, By Animal Feed, 2021-2031F |
6.4 Grenada Lutein Market, By Production Process |
6.4.1 Overview and Analysis |
6.4.2 Grenada Lutein Market Revenues & Volume, By Chemical synthesis, 2021-2031F |
6.4.3 Grenada Lutein Market Revenues & Volume, By Extraction from botanical materials, 2021-2031F |
6.4.4 Grenada Lutein Market Revenues & Volume, By Fermentation, 2021-2031F |
6.4.5 Grenada Lutein Market Revenues & Volume, By Algae route, 2021-2031F |
7 Grenada Lutein Market Import-Export Trade Statistics |
7.1 Grenada Lutein Market Export to Major Countries |
7.2 Grenada Lutein Market Imports from Major Countries |
8 Grenada Lutein Market Key Performance Indicators |
8.1 Consumer perception and awareness of lutein health benefits through surveys and focus groups. |
8.2 Number of new product launches containing lutein in the food and beverage industry. |
8.3 Research and development investments in lutein-based products by key market players. |
9 Grenada Lutein Market - Opportunity Assessment |
9.1 Grenada Lutein Market Opportunity Assessment, By Form, 2021 & 2031F |
9.2 Grenada Lutein Market Opportunity Assessment, By Source, 2021 & 2031F |
9.3 Grenada Lutein Market Opportunity Assessment, By Application, 2021 & 2031F |
9.4 Grenada Lutein Market Opportunity Assessment, By Production Process, 2021 & 2031F |
10 Grenada Lutein Market - Competitive Landscape |
10.1 Grenada Lutein Market Revenue Share, By Companies, 2024 |
10.2 Grenada Lutein 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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