| Product Code: ETC7379882 | 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 heavily on imports of rice-based infant formula, with top supplying countries being Trinidad and Tobago, Puerto Rico, USA, UK, and the Dominican Republic. Despite a high Herfindahl-Hirschman Index (HHI) indicating market concentration, the compound annual growth rate (CAGR) from 2020 to 2024 was strong at 12.13%. However, there was a slight decline in growth rate from 2023 to 2024 at -9.14%, suggesting potential market challenges or shifts in consumer demand during that period.
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 Rice Based Infant Formula Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Rice Based Infant Formula Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Rice Based Infant Formula Market - Industry Life Cycle |
3.4 Grenada Rice Based Infant Formula Market - Porter's Five Forces |
3.5 Grenada Rice Based Infant Formula Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Grenada Rice Based Infant Formula Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
4 Grenada Rice Based Infant Formula Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing awareness about the benefits of rice-based infant formula as a healthier alternative to traditional formula options. |
4.2.2 Growing demand for organic and natural baby products, leading to a surge in the consumption of rice-based infant formula. |
4.2.3 Rising prevalence of lactose intolerance and milk allergies among infants, driving the need for alternative formula options like rice-based formulas. |
4.3 Market Restraints |
4.3.1 Limited availability and distribution channels for grenada rice-based infant formula, hindering market penetration. |
4.3.2 Higher price point of rice-based infant formula compared to conventional formula options, limiting affordability for some consumers. |
4.3.3 Regulatory restrictions and compliance requirements for infant formula products, posing challenges for market entry and expansion. |
5 Grenada Rice Based Infant Formula Market Trends |
6 Grenada Rice Based Infant Formula Market, By Types |
6.1 Grenada Rice Based Infant Formula Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Grenada Rice Based Infant Formula Market Revenues & Volume, By Type, 2021- 2031F |
6.1.3 Grenada Rice Based Infant Formula Market Revenues & Volume, By Formulated, 2021- 2031F |
6.1.4 Grenada Rice Based Infant Formula Market Revenues & Volume, By Unformulated, 2021- 2031F |
6.2 Grenada Rice Based Infant Formula Market, By Product Type |
6.2.1 Overview and Analysis |
6.2.2 Grenada Rice Based Infant Formula Market Revenues & Volume, By Standard Formula, 2021- 2031F |
6.2.3 Grenada Rice Based Infant Formula Market Revenues & Volume, By Toddler Formula, 2021- 2031F |
6.2.4 Grenada Rice Based Infant Formula Market Revenues & Volume, By Follow-On Formula, 2021- 2031F |
6.2.5 Grenada Rice Based Infant Formula Market Revenues & Volume, By Special Formula, 2021- 2031F |
7 Grenada Rice Based Infant Formula Market Import-Export Trade Statistics |
7.1 Grenada Rice Based Infant Formula Market Export to Major Countries |
7.2 Grenada Rice Based Infant Formula Market Imports from Major Countries |
8 Grenada Rice Based Infant Formula Market Key Performance Indicators |
8.1 Consumer satisfaction and loyalty scores based on product quality, taste, and effectiveness. |
8.2 Market penetration rate in key demographics and geographic regions. |
8.3 Number of partnerships and collaborations with healthcare professionals or pediatricians for endorsement and recommendation of grenada rice-based infant formula. |
9 Grenada Rice Based Infant Formula Market - Opportunity Assessment |
9.1 Grenada Rice Based Infant Formula Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Grenada Rice Based Infant Formula Market Opportunity Assessment, By Product Type, 2021 & 2031F |
10 Grenada Rice Based Infant Formula Market - Competitive Landscape |
10.1 Grenada Rice Based Infant Formula Market Revenue Share, By Companies, 2024 |
10.2 Grenada Rice Based Infant Formula 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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