| Product Code: ETC5326157 | 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 |
Grenada`s import of thyme extract saw significant growth in 2024, with top exporters being Trinidad and Tobago, USA, UK, China, and Panama. The high concentration of the Herfindahl-Hirschman Index (HHI) decreased slightly in 2024, indicating a competitive market landscape. The impressive Compound Annual Growth Rate (CAGR) of 20.3% from 2020 to 2024 highlights the increasing demand for thyme extract. Furthermore, the remarkable growth rate of 39.24% from 2023 to 2024 suggests a surge in import shipments, indicating a thriving market for thyme extract 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 Thyme Extract Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Thyme Extract Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Thyme Extract Market - Industry Life Cycle |
3.4 Grenada Thyme Extract Market - Porter's Five Forces |
3.5 Grenada Thyme Extract Market Revenues & Volume Share, By Nature, 2021 & 2031F |
3.6 Grenada Thyme Extract Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Grenada Thyme Extract Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing consumer awareness about the health benefits of grenada thyme extract |
4.2.2 Growing demand for natural and organic ingredients in food and beverage industry |
4.2.3 Rising interest in alternative medicine and herbal remedies |
4.3 Market Restraints |
4.3.1 Limited availability of grenada thyme extract due to geographical constraints |
4.3.2 Fluctuations in raw material prices affecting production costs |
4.3.3 Stringent regulations and quality standards in the herbal extract market |
5 Grenada Thyme Extract Market Trends |
6 Grenada Thyme Extract Market Segmentations |
6.1 Grenada Thyme Extract Market, By Nature |
6.1.1 Overview and Analysis |
6.1.2 Grenada Thyme Extract Market Revenues & Volume, By Conventional, 2021-2031F |
6.1.3 Grenada Thyme Extract Market Revenues & Volume, By Organic, 2021-2031F |
6.2 Grenada Thyme Extract Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Grenada Thyme Extract Market Revenues & Volume, By Cosmetics And Personal Care, 2021-2031F |
6.2.3 Grenada Thyme Extract Market Revenues & Volume, By Pharmaceutical, 2021-2031F |
6.2.4 Grenada Thyme Extract Market Revenues & Volume, By Food And Beverages, 2021-2031F |
7 Grenada Thyme Extract Market Import-Export Trade Statistics |
7.1 Grenada Thyme Extract Market Export to Major Countries |
7.2 Grenada Thyme Extract Market Imports from Major Countries |
8 Grenada Thyme Extract Market Key Performance Indicators |
8.1 Number of new product launches containing grenada thyme extract |
8.2 Growth in research and development investments in grenada thyme extract applications |
8.3 Increase in partnerships and collaborations between grenada thyme extract suppliers and manufacturers |
9 Grenada Thyme Extract Market - Opportunity Assessment |
9.1 Grenada Thyme Extract Market Opportunity Assessment, By Nature, 2021 & 2031F |
9.2 Grenada Thyme Extract Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Grenada Thyme Extract Market - Competitive Landscape |
10.1 Grenada Thyme Extract Market Revenue Share, By Companies, 2024 |
10.2 Grenada Thyme Extract 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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