| Product Code: ETC5330546 | Publication Date: Nov 2023 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Bhawna Singh | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
Grenada`s import shipments of Vitamin K saw impressive growth in 2024, with top exporting countries being the UK, USA, Barbados, Trinidad and Tobago, and Canada. The market remained highly concentrated, as indicated by the high Herfindahl-Hirschman Index (HHI). The compound annual growth rate (CAGR) from 2020 to 2024 was a remarkable 30.77%, reflecting a strong upward trajectory. Moreover, the growth rate in 2024 surged to 88.17%, indicating a significant acceleration in import volumes. This data suggests a flourishing market for Vitamin K in Grenada with substantial potential for further expansion.
The Vitamin K market in Grenada is gaining momentum, although it remains relatively niche compared to other vitamins. Vitamin K is essential for bone health and proper blood clotting, and as awareness of these benefits spreads, the demand for Vitamin K supplements is expected to increase. The market is primarily reliant on imported products, with local education on the importance of Vitamin K still in its early stages. As health-consciousness rises among the Grenadian population, the market for Vitamin K supplements may continue to expand, particularly among the older demographic who are more concerned with bone health and cardiovascular well-being.
The Vitamin K market in Grenada is experiencing an upward trend, primarily due to the increasing awareness of its health benefits, particularly in bone health and blood clotting. With a growing aging population, there is a greater need for Vitamin K supplements to prevent osteoporosis and support healthy bones. Additionally, healthcare professionals are recommending Vitamin K as part of nutrition programs to reduce the risk of heart disease and promote overall well-being. As consumers become more informed about the essential role of Vitamin K in health, the demand for supplements continues to grow, driving the market in Grenada.
The Vitamin K market in Grenada encounters significant challenges due to a lack of consumer education and awareness about the health benefits of Vitamin K. Most consumers are not familiar with its role in bone and cardiovascular health, which can restrict market demand. Additionally, vitamin K supplements are often overshadowed by more popular vitamins like Vitamin C or Vitamin D, leading to reduced visibility for Vitamin K products. Regulatory restrictions around health claims and advertisements can also stifle marketing efforts. Moreover, the high cost of importing these supplements into Grenada can further increase their retail prices, making them less accessible to the population.
The Vitamin K market in Grenada is emerging as consumers become more conscious of the role of Vitamin K in bone health, blood clotting, and overall wellness. The government regulates dietary supplements, including Vitamin K, under its Food and Drug Act, which aims to protect public health by ensuring that products are safe and properly labeled. The Ministry of Health and Social Security monitors the importation of Vitamin K products to ensure compliance with safety standards and guidelines. Public health awareness campaigns may drive growth in the market, particularly as more people turn to supplements to support bone and cardiovascular health.
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 Vitamin K Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Vitamin K Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Vitamin K Market - Industry Life Cycle |
3.4 Grenada Vitamin K Market - Porter's Five Forces |
3.5 Grenada Vitamin K Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Grenada Vitamin K Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 Grenada Vitamin K Market Revenues & Volume Share, By Route of Administration, 2021 & 2031F |
4 Grenada Vitamin K Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing awareness about the health benefits of Vitamin K |
4.2.2 Growing demand for supplements and fortified food products |
4.2.3 Rising prevalence of Vitamin K deficiency-related health issues |
4.3 Market Restraints |
4.3.1 Limited availability of Vitamin K-rich foods in the region |
4.3.2 Lack of knowledge about the importance of Vitamin K among consumers |
4.3.3 Price volatility of Vitamin K supplements |
5 Grenada Vitamin K Market Trends |
6 Grenada Vitamin K Market Segmentations |
6.1 Grenada Vitamin K Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Grenada Vitamin K Market Revenues & Volume, By Vitamin K1, 2021-2031F |
6.1.3 Grenada Vitamin K Market Revenues & Volume, By Vitamin K2, 2021-2031F |
6.2 Grenada Vitamin K Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Grenada Vitamin K Market Revenues & Volume, By Osteoporosis, 2021-2031F |
6.2.3 Grenada Vitamin K Market Revenues & Volume, By Vitamin-K Dependent Clotting Factor Deficiency, 2021-2031F |
6.2.4 Grenada Vitamin K Market Revenues & Volume, By Prothrombin Deficiency, 2021-2031F |
6.2.5 Grenada Vitamin K Market Revenues & Volume, By Vitamin K Deficiency Bleeding, 2021-2031F |
6.2.6 Grenada Vitamin K Market Revenues & Volume, By Dermal Applications, 2021-2031F |
6.3 Grenada Vitamin K Market, By Route of Administration |
6.3.1 Overview and Analysis |
6.3.2 Grenada Vitamin K Market Revenues & Volume, By Oral, 2021-2031F |
6.3.3 Grenada Vitamin K Market Revenues & Volume, By Parenteral, 2021-2031F |
6.3.4 Grenada Vitamin K Market Revenues & Volume, By Topical, 2021-2031F |
7 Grenada Vitamin K Market Import-Export Trade Statistics |
7.1 Grenada Vitamin K Market Export to Major Countries |
7.2 Grenada Vitamin K Market Imports from Major Countries |
8 Grenada Vitamin K Market Key Performance Indicators |
8.1 Average daily consumption of Vitamin K per capita in Grenada |
8.2 Number of new product launches containing Vitamin K in the market |
8.3 Percentage of the population aware of the benefits of Vitamin K |
9 Grenada Vitamin K Market - Opportunity Assessment |
9.1 Grenada Vitamin K Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Grenada Vitamin K Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 Grenada Vitamin K Market Opportunity Assessment, By Route of Administration, 2021 & 2031F |
10 Grenada Vitamin K Market - Competitive Landscape |
10.1 Grenada Vitamin K Market Revenue Share, By Companies, 2024 |
10.2 Grenada Vitamin K Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |