| Product Code: ETC7376903 | 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 |
Despite a decline in growth rate from 2023 to 2024, Grenada continues to import significant quantities of oud extracts, with top suppliers being Trinidad and Tobago, Barbados, and the USA. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market in 2024. The negative compound annual growth rate (CAGR) from 2020 to 2024 suggests challenges in the industry, but further analysis is needed to understand the factors driving this decline. The notable decrease in growth rate from 2023 to 2024 may indicate shifting market dynamics or external factors impacting the importation of oud extracts 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 Oud Extracts Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Oud Extracts Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Oud Extracts Market - Industry Life Cycle |
3.4 Grenada Oud Extracts Market - Porter's Five Forces |
3.5 Grenada Oud Extracts Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.6 Grenada Oud Extracts Market Revenues & Volume Share, By End Use Industry, 2021 & 2031F |
4 Grenada Oud Extracts Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing consumer preference for natural and organic ingredients in beauty and personal care products |
4.2.2 Growing awareness about the benefits of using oud extracts in aromatherapy and perfumery |
4.2.3 Rising demand for luxury and exotic fragrances in the global market |
4.3 Market Restraints |
4.3.1 Limited availability of genuine grenada oud sources leading to supply chain challenges |
4.3.2 High production costs associated with extracting and processing oud oil |
4.3.3 Stringent regulations and certifications required for sourcing and using oud extracts |
5 Grenada Oud Extracts Market Trends |
6 Grenada Oud Extracts Market, By Types |
6.1 Grenada Oud Extracts Market, By Application |
6.1.1 Overview and Analysis |
6.1.2 Grenada Oud Extracts Market Revenues & Volume, By Application, 2021- 2031F |
6.1.3 Grenada Oud Extracts Market Revenues & Volume, By Cosmetics And Personal Care, 2021- 2031F |
6.1.4 Grenada Oud Extracts Market Revenues & Volume, By Incense, 2021- 2031F |
6.1.5 Grenada Oud Extracts Market Revenues & Volume, By Therapeutics, 2021- 2031F |
6.1.6 Grenada Oud Extracts Market Revenues & Volume, By Others, 2021- 2031F |
6.2 Grenada Oud Extracts Market, By End Use Industry |
6.2.1 Overview and Analysis |
6.2.2 Grenada Oud Extracts Market Revenues & Volume, By Online Stores, 2021- 2031F |
6.2.3 Grenada Oud Extracts Market Revenues & Volume, By Hypermarkets/Supermarkets, 2021- 2031F |
6.2.4 Grenada Oud Extracts Market Revenues & Volume, By Specialized Drug Stores, 2021- 2031F |
6.2.5 Grenada Oud Extracts Market Revenues & Volume, By Convenience Stores, 2021- 2031F |
7 Grenada Oud Extracts Market Import-Export Trade Statistics |
7.1 Grenada Oud Extracts Market Export to Major Countries |
7.2 Grenada Oud Extracts Market Imports from Major Countries |
8 Grenada Oud Extracts Market Key Performance Indicators |
8.1 Number of new product launches containing grenada oud extracts |
8.2 Average selling price of grenada oud extract products |
8.3 Growth in the number of partnerships and collaborations between beauty brands and grenada oud extract suppliers |
8.4 Consumer sentiment and engagement with grenada oud extract products through social media and online platforms |
8.5 Expansion of distribution channels for grenada oud extract products, such as luxury retail stores and online marketplaces |
9 Grenada Oud Extracts Market - Opportunity Assessment |
9.1 Grenada Oud Extracts Market Opportunity Assessment, By Application, 2021 & 2031F |
9.2 Grenada Oud Extracts Market Opportunity Assessment, By End Use Industry, 2021 & 2031F |
10 Grenada Oud Extracts Market - Competitive Landscape |
10.1 Grenada Oud Extracts Market Revenue Share, By Companies, 2024 |
10.2 Grenada Oud Extracts 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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