| Product Code: ETC5362200 | 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 see a high concentration of modeling paste imports, with the top exporting countries being the USA, Trinidad and Tobago, Saint Lucia, UK, and Canada. The high Herfindahl-Hirschman Index (HHI) indicates a strong market dominance by these countries. With a notable Compound Annual Growth Rate (CAGR) of 19.71% from 2020 to 2024 and a growth rate of 8.44% in 2024 alone, the modeling paste industry in Grenada is showing promising expansion and potential for further development.
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 Modeling Paste Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Modeling Paste Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Modeling Paste Market - Industry Life Cycle |
3.4 Grenada Modeling Paste Market - Porter's Five Forces |
3.5 Grenada Modeling Paste Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Grenada Modeling Paste Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Grenada Modeling Paste Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for artisanal baked goods and cake decorating |
4.2.2 Growing trend of DIY baking and cake decorating at home |
4.2.3 Rising popularity of social media platforms showcasing food and baking trends |
4.3 Market Restraints |
4.3.1 Fluctuating prices of raw materials used in modeling paste production |
4.3.2 Competition from substitute products like fondant and gum paste |
4.3.3 Limited awareness and availability of grenada modeling paste in certain regions |
5 Grenada Modeling Paste Market Trends |
6 Grenada Modeling Paste Market Segmentations |
6.1 Grenada Modeling Paste Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Grenada Modeling Paste Market Revenues & Volume, By White, 2021-2031F |
6.1.3 Grenada Modeling Paste Market Revenues & Volume, By Red, 2021-2031F |
6.1.4 Grenada Modeling Paste Market Revenues & Volume, By Green, 2021-2031F |
6.1.5 Grenada Modeling Paste Market Revenues & Volume, By Black, 2021-2031F |
6.1.6 Grenada Modeling Paste Market Revenues & Volume, By Others, 2021-2031F |
6.2 Grenada Modeling Paste Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Grenada Modeling Paste Market Revenues & Volume, By Commercial, 2021-2031F |
6.2.3 Grenada Modeling Paste Market Revenues & Volume, By Residential, 2021-2031F |
7 Grenada Modeling Paste Market Import-Export Trade Statistics |
7.1 Grenada Modeling Paste Market Export to Major Countries |
7.2 Grenada Modeling Paste Market Imports from Major Countries |
8 Grenada Modeling Paste Market Key Performance Indicators |
8.1 Number of social media influencers using grenada modeling paste in their baking tutorials |
8.2 Rate of new product development and innovation in the grenada modeling paste market |
8.3 Consumer engagement and interaction on online platforms promoting grenada modeling paste |
9 Grenada Modeling Paste Market - Opportunity Assessment |
9.1 Grenada Modeling Paste Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Grenada Modeling Paste Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Grenada Modeling Paste Market - Competitive Landscape |
10.1 Grenada Modeling Paste Market Revenue Share, By Companies, 2024 |
10.2 Grenada Modeling Paste 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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