| Product Code: ETC12929638 | Publication Date: Apr 2025 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sachin Kumar Rai | No. of Pages: 65 | No. of Figures: 34 | No. of Tables: 19 |
Grenada`s marzipan import market continues to thrive in 2024, with the USA, Jamaica, UK, Trinidad and Tobago, and Saint Kitts and Nevis dominating as top exporting countries. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market, while the impressive compound annual growth rate (CAGR) of 19.18% from 2020 to 2024 demonstrates sustained expansion. The robust growth rate of 22.96% in 2024 underscores the increasing demand for marzipan in Grenada, making it a lucrative market for international suppliers.
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 Marzipan Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Marzipan Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Marzipan Market - Industry Life Cycle |
3.4 Grenada Marzipan Market - Porter's Five Forces |
3.5 Grenada Marzipan Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Grenada Marzipan Market Revenues & Volume Share, By Almond Content, 2021 & 2031F |
3.7 Grenada Marzipan Market Revenues & Volume Share, By Packaging Type, 2021 & 2031F |
3.8 Grenada Marzipan Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 Grenada Marzipan Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing consumer awareness and preference for premium quality and artisanal food products |
4.2.2 Increasing demand for unique and exotic flavors in confectionery products |
4.2.3 Rising popularity of marzipan as a versatile ingredient in baking and pastry industries |
4.3 Market Restraints |
4.3.1 Fluctuating prices of raw materials such as almonds and sugar impacting production costs |
4.3.2 Intense competition from substitute products like fondant and modeling chocolate |
4.3.3 Challenges in maintaining consistent quality and shelf-life of marzipan products |
5 Grenada Marzipan Market Trends |
6 Grenada Marzipan Market, By Types |
6.1 Grenada Marzipan Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Grenada Marzipan Market Revenues & Volume, By Type, 2021 - 2031F |
6.1.3 Grenada Marzipan Market Revenues & Volume, By Traditional, 2021 - 2031F |
6.1.4 Grenada Marzipan Market Revenues & Volume, By Low-Sugar, 2021 - 2031F |
6.1.5 Grenada Marzipan Market Revenues & Volume, By Flavored, 2021 - 2031F |
6.2 Grenada Marzipan Market, By Almond Content |
6.2.1 Overview and Analysis |
6.2.2 Grenada Marzipan Market Revenues & Volume, By 50-70% Almonds, 2021 - 2031F |
6.2.3 Grenada Marzipan Market Revenues & Volume, By 30-50% Almonds, 2021 - 2031F |
6.2.4 Grenada Marzipan Market Revenues & Volume, By Added Chocolate, 2021 - 2031F |
6.3 Grenada Marzipan Market, By Packaging Type |
6.3.1 Overview and Analysis |
6.3.2 Grenada Marzipan Market Revenues & Volume, By Boxed, 2021 - 2031F |
6.3.3 Grenada Marzipan Market Revenues & Volume, By Pouches, 2021 - 2031F |
6.3.4 Grenada Marzipan Market Revenues & Volume, By Bulk, 2021 - 2031F |
6.4 Grenada Marzipan Market, By Distribution Channel |
6.4.1 Overview and Analysis |
6.4.2 Grenada Marzipan Market Revenues & Volume, By Supermarkets, 2021 - 2031F |
6.4.3 Grenada Marzipan Market Revenues & Volume, By Online Retailers, 2021 - 2031F |
6.4.4 Grenada Marzipan Market Revenues & Volume, By Specialty Stores, 2021 - 2031F |
7 Grenada Marzipan Market Import-Export Trade Statistics |
7.1 Grenada Marzipan Market Export to Major Countries |
7.2 Grenada Marzipan Market Imports from Major Countries |
8 Grenada Marzipan Market Key Performance Indicators |
8.1 Customer satisfaction scores based on taste, texture, and overall quality of grenada marzipan products |
8.2 Rate of new product development and introduction of innovative flavors and packaging |
8.3 Percentage of repeat purchases and customer loyalty for grenada marzipan brand |
8.4 Efficiency in supply chain management and reduction in lead times for production and distribution |
8.5 Sustainability metrics such as sourcing practices for raw materials and eco-friendly packaging initiatives |
9 Grenada Marzipan Market - Opportunity Assessment |
9.1 Grenada Marzipan Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Grenada Marzipan Market Opportunity Assessment, By Almond Content, 2021 & 2031F |
9.3 Grenada Marzipan Market Opportunity Assessment, By Packaging Type, 2021 & 2031F |
9.4 Grenada Marzipan Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
10 Grenada Marzipan Market - Competitive Landscape |
10.1 Grenada Marzipan Market Revenue Share, By Companies, 2024 |
10.2 Grenada Marzipan 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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