| Product Code: ETC7383231 | Publication Date: Sep 2024 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sumit Sagar | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, Grenada continued to see a strong demand for vegan supplements, with top import sources including the USA, Jamaica, Barbados, UK, and Trinidad and Tobago. Despite a slight decline in growth rate from 2023 to 2024, the industry maintained a high level of market concentration, as indicated by the high Herfindahl-Hirschman Index (HHI). With a steady compound annual growth rate (CAGR) of 3.64% from 2020 to 2024, the vegan supplements market in Grenada demonstrates resilience and potential for further expansion in the coming years.
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 Vegan Supplements Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Vegan Supplements Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Vegan Supplements Market - Industry Life Cycle |
3.4 Grenada Vegan Supplements Market - Porter's Five Forces |
3.5 Grenada Vegan Supplements Market Revenues & Volume Share, By Ingredient, 2021 & 2031F |
3.6 Grenada Vegan Supplements Market Revenues & Volume Share, By Form, 2021 & 2031F |
3.7 Grenada Vegan Supplements Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 Grenada Vegan Supplements Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing awareness about the health benefits of vegan supplements |
4.2.2 Growing trend towards plant-based diets and lifestyles |
4.2.3 Rising concerns about animal welfare and environmental sustainability |
4.3 Market Restraints |
4.3.1 Limited availability and variety of vegan supplement products in the Grenada market |
4.3.2 Higher pricing compared to non-vegan supplements |
4.3.3 Lack of regulatory framework specific to vegan supplements in Grenada |
5 Grenada Vegan Supplements Market Trends |
6 Grenada Vegan Supplements Market, By Types |
6.1 Grenada Vegan Supplements Market, By Ingredient |
6.1.1 Overview and Analysis |
6.1.2 Grenada Vegan Supplements Market Revenues & Volume, By Ingredient, 2021- 2031F |
6.1.3 Grenada Vegan Supplements Market Revenues & Volume, By Vitamins & Minerals, 2021- 2031F |
6.1.4 Grenada Vegan Supplements Market Revenues & Volume, By Protein Supplements, 2021- 2031F |
6.1.5 Grenada Vegan Supplements Market Revenues & Volume, By Omega-3 Fatty Acids, 2021- 2031F |
6.1.6 Grenada Vegan Supplements Market Revenues & Volume, By Others, 2021- 2031F |
6.2 Grenada Vegan Supplements Market, By Form |
6.2.1 Overview and Analysis |
6.2.2 Grenada Vegan Supplements Market Revenues & Volume, By Capsules, 2021- 2031F |
6.2.3 Grenada Vegan Supplements Market Revenues & Volume, By Tablets, 2021- 2031F |
6.2.4 Grenada Vegan Supplements Market Revenues & Volume, By Powders, 2021- 2031F |
6.2.5 Grenada Vegan Supplements Market Revenues & Volume, By Liquids, 2021- 2031F |
6.2.6 Grenada Vegan Supplements Market Revenues & Volume, By Others, 2021- 2031F |
6.3 Grenada Vegan Supplements Market, By Distribution Channel |
6.3.1 Overview and Analysis |
6.3.2 Grenada Vegan Supplements Market Revenues & Volume, By Offline, 2021- 2031F |
6.3.3 Grenada Vegan Supplements Market Revenues & Volume, By Online, 2021- 2031F |
7 Grenada Vegan Supplements Market Import-Export Trade Statistics |
7.1 Grenada Vegan Supplements Market Export to Major Countries |
7.2 Grenada Vegan Supplements Market Imports from Major Countries |
8 Grenada Vegan Supplements Market Key Performance Indicators |
8.1 Number of new vegan supplement products introduced in the Grenada market |
8.2 Percentage increase in the number of vegan supplement consumers in Grenada |
8.3 Growth in the number of vegan supplement retail outlets in Grenada |
9 Grenada Vegan Supplements Market - Opportunity Assessment |
9.1 Grenada Vegan Supplements Market Opportunity Assessment, By Ingredient, 2021 & 2031F |
9.2 Grenada Vegan Supplements Market Opportunity Assessment, By Form, 2021 & 2031F |
9.3 Grenada Vegan Supplements Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
10 Grenada Vegan Supplements Market - Competitive Landscape |
10.1 Grenada Vegan Supplements Market Revenue Share, By Companies, 2024 |
10.2 Grenada Vegan Supplements 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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