| Product Code: ETC7382831 | Publication Date: Sep 2024 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Vasudha | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, Grenada continued to rely on imports of turmeric spice, with top contributing countries being Saint Lucia, USA, India, Guyana, and Trinidad and Tobago. Despite a negative Compound Annual Growth Rate (CAGR) from 2020-24, the industry saw a significant growth rate of 47.05% from 2023-24. The High Herfindahl-Hirschman Index (HHI) indicates a concentrated market, suggesting potential challenges and opportunities for market players in the turmeric spice import sector 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 Turmeric Spice Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Turmeric Spice Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Turmeric Spice Market - Industry Life Cycle |
3.4 Grenada Turmeric Spice Market - Porter's Five Forces |
3.5 Grenada Turmeric Spice Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Grenada Turmeric Spice Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Grenada Turmeric Spice Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Grenada Turmeric Spice Market Trends |
6 Grenada Turmeric Spice Market, By Types |
6.1 Grenada Turmeric Spice Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Grenada Turmeric Spice Market Revenues & Volume, By Type, 2021- 2031F |
6.1.3 Grenada Turmeric Spice Market Revenues & Volume, By Organic Turmeric Spice, 2021- 2031F |
6.1.4 Grenada Turmeric Spice Market Revenues & Volume, By Conventional Turmeric Spice, 2021- 2031F |
6.2 Grenada Turmeric Spice Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Grenada Turmeric Spice Market Revenues & Volume, By Food, 2021- 2031F |
6.2.3 Grenada Turmeric Spice Market Revenues & Volume, By Pharmaceutical, 2021- 2031F |
6.2.4 Grenada Turmeric Spice Market Revenues & Volume, By Cosmetic, 2021- 2031F |
6.2.5 Grenada Turmeric Spice Market Revenues & Volume, By Others, 2021- 2031F |
7 Grenada Turmeric Spice Market Import-Export Trade Statistics |
7.1 Grenada Turmeric Spice Market Export to Major Countries |
7.2 Grenada Turmeric Spice Market Imports from Major Countries |
8 Grenada Turmeric Spice Market Key Performance Indicators |
9 Grenada Turmeric Spice Market - Opportunity Assessment |
9.1 Grenada Turmeric Spice Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Grenada Turmeric Spice Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Grenada Turmeric Spice Market - Competitive Landscape |
10.1 Grenada Turmeric Spice Market Revenue Share, By Companies, 2024 |
10.2 Grenada Turmeric Spice 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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