| Product Code: ETC5082235 | Publication Date: Nov 2023 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
In 2024, Grenada continued to rely heavily on imports of aroma compounds, with the USA, Barbados, Trinidad and Tobago, UK, and Italy emerging as the top exporting countries. Despite a concerning high concentration level indicated by the Herfindahl-Hirschman Index (HHI), the market experienced a moderate decline with a compound annual growth rate (CAGR) of -1.52% from 2020 to 2024. However, there was a significant surge in growth from 2023 to 2024, with a remarkable growth rate of 168.3%, indicating a potential shift or opportunity in the aroma compounds market 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 Aroma compounds Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Aroma compounds Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Aroma compounds Market - Industry Life Cycle |
3.4 Grenada Aroma compounds Market - Porter's Five Forces |
3.5 Grenada Aroma compounds Market Revenues & Volume Share, By Source, 2021 & 2031F |
3.6 Grenada Aroma compounds Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.7 Grenada Aroma compounds Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Grenada Aroma compounds Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing consumer demand for natural and organic products |
4.2.2 Rising awareness about the health benefits of aromatherapy and essential oils |
4.2.3 Increasing use of grenada aroma compounds in food and beverage industry |
4.3 Market Restraints |
4.3.1 Volatility in raw material prices affecting production costs |
4.3.2 Stringent regulations and quality standards in the fragrance industry |
5 Grenada Aroma compounds Market Trends |
6 Grenada Aroma compounds Market Segmentations |
6.1 Grenada Aroma compounds Market, By Source |
6.1.1 Overview and Analysis |
6.1.2 Grenada Aroma compounds Market Revenues & Volume, By Natural, 2021-2031F |
6.1.3 Grenada Aroma compounds Market Revenues & Volume, By Synthetic, 2021-2031F |
6.2 Grenada Aroma compounds Market, By Product |
6.2.1 Overview and Analysis |
6.2.2 Grenada Aroma compounds Market Revenues & Volume, By Benzenoids, 2021-2031F |
6.2.3 Grenada Aroma compounds Market Revenues & Volume, By Terpenoids, 2021-2031F |
6.2.4 Grenada Aroma compounds Market Revenues & Volume, By Musk Chemicals, 2021-2031F |
6.2.5 Grenada Aroma compounds Market Revenues & Volume, By Other, 2021-2031F |
6.3 Grenada Aroma compounds Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Grenada Aroma compounds Market Revenues & Volume, By Food & Beverage, 2021-2031F |
6.3.3 Grenada Aroma compounds Market Revenues & Volume, By Fine Fragrances, 2021-2031F |
6.3.4 Grenada Aroma compounds Market Revenues & Volume, By Cosmetics & Toiletries, 2021-2031F |
6.3.5 Grenada Aroma compounds Market Revenues & Volume, By Soaps & Detergents, 2021-2031F |
6.3.6 Grenada Aroma compounds Market Revenues & Volume, By Household, 2021-2031F |
6.3.7 Grenada Aroma compounds Market Revenues & Volume, By Others, 2021-2031F |
7 Grenada Aroma compounds Market Import-Export Trade Statistics |
7.1 Grenada Aroma compounds Market Export to Major Countries |
7.2 Grenada Aroma compounds Market Imports from Major Countries |
8 Grenada Aroma compounds Market Key Performance Indicators |
8.1 Number of new product launches incorporating grenada aroma compounds |
8.2 Percentage increase in the adoption of aromatherapy products |
8.3 Growth in demand for grenada aroma compounds from the food and beverage sector |
9 Grenada Aroma compounds Market - Opportunity Assessment |
9.1 Grenada Aroma compounds Market Opportunity Assessment, By Source, 2021 & 2031F |
9.2 Grenada Aroma compounds Market Opportunity Assessment, By Product, 2021 & 2031F |
9.3 Grenada Aroma compounds Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Grenada Aroma compounds Market - Competitive Landscape |
10.1 Grenada Aroma compounds Market Revenue Share, By Companies, 2024 |
10.2 Grenada Aroma compounds 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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