| Product Code: ETC5322034 | 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 rely heavily on imports of steviol glycosides, with top exporting countries being Puerto Rico, Barbados, USA, UK, and Areas, nes. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market for these imports. Despite a strong compound annual growth rate (CAGR) of 14.87% from 2020 to 2024, there was a notable decline in growth rate from 2023 to 2024 at -18.58%. This fluctuation suggests the need for careful monitoring of market dynamics and potential factors impacting future import trends in Grenada.
By 2027, Grenada's Steviol Glycoside market is forecasted to achieve a stable growth rate of 2.31%, with United States of America leading the North America region, followed by Canada, Trinidad and Tobago, Jamaica and Bahamas.

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 Steviol Glycoside Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Steviol Glycoside Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Steviol Glycoside Market - Industry Life Cycle |
3.4 Grenada Steviol Glycoside Market - Porter's Five Forces |
3.5 Grenada Steviol Glycoside Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Grenada Steviol Glycoside Market Revenues & Volume Share, By End Use Industry, 2021 & 2031F |
4 Grenada Steviol Glycoside Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing consumer awareness about the health benefits of steviol glycosides |
4.2.2 Increasing demand for natural sweeteners as an alternative to artificial sweeteners |
4.2.3 Rising prevalence of lifestyle diseases such as diabetes and obesity driving the demand for low-calorie sweeteners |
4.3 Market Restraints |
4.3.1 Limited availability of stevia plants leading to fluctuations in the supply of steviol glycosides |
4.3.2 Stringent regulations and standards governing the use of steviol glycosides in food and beverage products |
4.3.3 Competition from other natural sweeteners like monk fruit extract and erythritol |
5 Grenada Steviol Glycoside Market Trends |
6 Grenada Steviol Glycoside Market Segmentations |
6.1 Grenada Steviol Glycoside Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Grenada Steviol Glycoside Market Revenues & Volume, By Stevioside, 2021-2031F |
6.2 Grenada Steviol Glycoside Market, By End Use Industry |
6.2.1 Overview and Analysis |
6.2.2 Grenada Steviol Glycoside Market Revenues & Volume, By Beverage, 2021-2031F |
7 Grenada Steviol Glycoside Market Import-Export Trade Statistics |
7.1 Grenada Steviol Glycoside Market Export to Major Countries |
7.2 Grenada Steviol Glycoside Market Imports from Major Countries |
8 Grenada Steviol Glycoside Market Key Performance Indicators |
8.1 Adoption rate of steviol glycosides in new product launches in the food and beverage industry |
8.2 Number of research studies highlighting the health benefits of steviol glycosides |
8.3 Growth in the number of partnerships and collaborations between steviol glycoside producers and food manufacturers |
9 Grenada Steviol Glycoside Market - Opportunity Assessment |
9.1 Grenada Steviol Glycoside Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Grenada Steviol Glycoside Market Opportunity Assessment, By End Use Industry, 2021 & 2031F |
10 Grenada Steviol Glycoside Market - Competitive Landscape |
10.1 Grenada Steviol Glycoside Market Revenue Share, By Companies, 2024 |
10.2 Grenada Steviol Glycoside 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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