| Product Code: ETC5803209 | 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 steady flow of nutraceutical products imports, with top exporting countries including the USA, Jamaica, Barbados, UK, and Trinidad and Tobago. Despite a slight decline in growth rate from 2023 to 2024, the industry maintained a high Herfindahl-Hirschman Index (HHI) concentration, indicating a competitive market landscape. With a positive compound annual growth rate (CAGR) of 3.64% from 2020 to 2024, Grenada`s nutraceutical market demonstrates resilience and potential for further expansion in the coming years.
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 Nutraceutical Products Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Nutraceutical Products Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Nutraceutical Products Market - Industry Life Cycle |
3.4 Grenada Nutraceutical Products Market - Porter's Five Forces |
3.5 Grenada Nutraceutical Products Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Grenada Nutraceutical Products Market Revenues & Volume Share, By Source, 2021 & 2031F |
3.7 Grenada Nutraceutical Products Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 Grenada Nutraceutical Products Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing consumer awareness about health and wellness |
4.2.2 Growing demand for natural and organic products |
4.2.3 Rising prevalence of lifestyle diseases leading to a focus on preventive healthcare |
4.3 Market Restraints |
4.3.1 Stringent regulations and compliance requirements in the nutraceutical industry |
4.3.2 Limited research and scientific evidence supporting the efficacy of some nutraceutical products |
4.3.3 High competition from established pharmaceutical companies offering similar products |
5 Grenada Nutraceutical Products Market Trends |
6 Grenada Nutraceutical Products Market Segmentations |
6.1 Grenada Nutraceutical Products Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Grenada Nutraceutical Products Market Revenues & Volume, By Food, 2021-2031F |
6.1.3 Grenada Nutraceutical Products Market Revenues & Volume, By Beverages, 2021-2031F |
6.1.4 Grenada Nutraceutical Products Market Revenues & Volume, By Dietary Supplements, 2021-2031F |
6.2 Grenada Nutraceutical Products Market, By Source |
6.2.1 Overview and Analysis |
6.2.2 Grenada Nutraceutical Products Market Revenues & Volume, By Probiotics, 2021-2031F |
6.2.3 Grenada Nutraceutical Products Market Revenues & Volume, By Prebiotics, 2021-2031F |
6.2.4 Grenada Nutraceutical Products Market Revenues & Volume, By Vitamins, 2021-2031F |
6.2.5 Grenada Nutraceutical Products Market Revenues & Volume, By Minerals, 2021-2031F |
6.3 Grenada Nutraceutical Products Market, By Distribution Channel |
6.3.1 Overview and Analysis |
6.3.2 Grenada Nutraceutical Products Market Revenues & Volume, By Conventional Stores, 2021-2031F |
6.3.3 Grenada Nutraceutical Products Market Revenues & Volume, By Specialty Stores, 2021-2031F |
6.3.4 Grenada Nutraceutical Products Market Revenues & Volume, By Drugstores & Pharmacies, 2021-2031F |
7 Grenada Nutraceutical Products Market Import-Export Trade Statistics |
7.1 Grenada Nutraceutical Products Market Export to Major Countries |
7.2 Grenada Nutraceutical Products Market Imports from Major Countries |
8 Grenada Nutraceutical Products Market Key Performance Indicators |
8.1 Consumer engagement metrics such as website traffic, social media interactions, and online reviews |
8.2 Number of new product launches and product innovation rate within the grenada nutraceutical products market |
8.3 Market penetration rate in different demographic segments or geographic regions |
8.4 Customer satisfaction and retention rates for grenada nutraceutical products |
8.5 Regulatory compliance metrics and certifications obtained by companies operating in the grenada nutraceutical products market |
9 Grenada Nutraceutical Products Market - Opportunity Assessment |
9.1 Grenada Nutraceutical Products Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Grenada Nutraceutical Products Market Opportunity Assessment, By Source, 2021 & 2031F |
9.3 Grenada Nutraceutical Products Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
10 Grenada Nutraceutical Products Market - Competitive Landscape |
10.1 Grenada Nutraceutical Products Market Revenue Share, By Companies, 2024 |
10.2 Grenada Nutraceutical Products 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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