| Product Code: ETC7374930 | Publication Date: Sep 2024 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Dhaval Chaurasia | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, Grenada continued to rely on milkfish imports from top countries including the USA, Areas, nes, Metropolitan France, Trinidad and Tobago, and Venezuela. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market. Despite a strong Compound Annual Growth Rate (CAGR) of 12.07% from 2020-24, there was a significant decline in the growth rate from 2023-24 at -55.5%. This fluctuation suggests potential challenges or shifts in the milkfish import market dynamics in Grenada, which may require further analysis and monitoring.
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 Milkfish Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Milkfish Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Milkfish Market - Industry Life Cycle |
3.4 Grenada Milkfish Market - Porter's Five Forces |
3.5 Grenada Milkfish Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Grenada Milkfish Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 Grenada Milkfish Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing consumer awareness and preference for healthy and sustainable seafood options |
4.2.2 Growing demand for exotic and unique seafood products in the global market |
4.2.3 Favorable government regulations supporting the aquaculture industry in Grenada |
4.3 Market Restraints |
4.3.1 Limited availability of technology and infrastructure for large-scale milkfish production in Grenada |
4.3.2 Fluctuating prices of fish feed and raw materials impacting production costs |
4.3.3 Competition from other established seafood markets for market share and distribution channels |
5 Grenada Milkfish Market Trends |
6 Grenada Milkfish Market, By Types |
6.1 Grenada Milkfish Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Grenada Milkfish Market Revenues & Volume, By Type, 2021- 2031F |
6.1.3 Grenada Milkfish Market Revenues & Volume, By Frozen, 2021- 2031F |
6.1.4 Grenada Milkfish Market Revenues & Volume, By Canned, 2021- 2031F |
6.2 Grenada Milkfish Market, By Distribution Channel |
6.2.1 Overview and Analysis |
6.2.2 Grenada Milkfish Market Revenues & Volume, By Offline, 2021- 2031F |
6.2.3 Grenada Milkfish Market Revenues & Volume, By Online, 2021- 2031F |
7 Grenada Milkfish Market Import-Export Trade Statistics |
7.1 Grenada Milkfish Market Export to Major Countries |
7.2 Grenada Milkfish Market Imports from Major Countries |
8 Grenada Milkfish Market Key Performance Indicators |
8.1 Average weight gain of milkfish per month |
8.2 Feed conversion ratio (amount of feed required per unit of milkfish produced) |
8.3 Mortality rate of milkfish during the production cycle |
9 Grenada Milkfish Market - Opportunity Assessment |
9.1 Grenada Milkfish Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Grenada Milkfish Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
10 Grenada Milkfish Market - Competitive Landscape |
10.1 Grenada Milkfish Market Revenue Share, By Companies, 2024 |
10.2 Grenada Milkfish 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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