| Product Code: ETC7366047 | Publication Date: Sep 2024 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Summon Dutta | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The import shipments of CBD oil extract to Grenada in 2024 saw a shift in the top exporting countries, with the USA, Barbados, UK, India, and Turkey leading the way. Despite a decreasing compound annual growth rate (CAGR) of -4.13% from 2020 to 2024, the market experienced a steep decline in growth rate from 2023 to 2024 at -17.23%. The Herfindahl-Hirschman Index (HHI) indicated a high concentration of imports in 2023, which slightly decreased but remained at a high level in 2024. This data suggests a dynamic and evolving market landscape for CBD oil extract imports 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 Cannabidiol (CBD) Oil Extract Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Cannabidiol (CBD) Oil Extract Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Cannabidiol (CBD) Oil Extract Market - Industry Life Cycle |
3.4 Grenada Cannabidiol (CBD) Oil Extract Market - Porter's Five Forces |
3.5 Grenada Cannabidiol (CBD) Oil Extract Market Revenues & Volume Share, By Source Type, 2021 & 2031F |
3.6 Grenada Cannabidiol (CBD) Oil Extract Market Revenues & Volume Share, By Extract Type, 2021 & 2031F |
3.7 Grenada Cannabidiol (CBD) Oil Extract Market Revenues & Volume Share, By Extraction Method, 2021 & 2031F |
3.8 Grenada Cannabidiol (CBD) Oil Extract Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
3.9 Grenada Cannabidiol (CBD) Oil Extract Market Revenues & Volume Share, By End Use, 2021 & 2031F |
4 Grenada Cannabidiol (CBD) Oil Extract Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing acceptance of CBD products for medicinal and wellness purposes |
4.2.2 Growing awareness about the potential health benefits of CBD oil extract |
4.2.3 Legalization of cannabis for medical and/or recreational use in various regions |
4.3 Market Restraints |
4.3.1 Lack of clear regulations and guidelines for CBD products in Grenada |
4.3.2 Limited availability of high-quality CBD oil extract in the market |
4.3.3 Negative perceptions and stigma associated with cannabis products |
5 Grenada Cannabidiol (CBD) Oil Extract Market Trends |
6 Grenada Cannabidiol (CBD) Oil Extract Market, By Types |
6.1 Grenada Cannabidiol (CBD) Oil Extract Market, By Source Type |
6.1.1 Overview and Analysis |
6.1.2 Grenada Cannabidiol (CBD) Oil Extract Market Revenues & Volume, By Source Type, 2021- 2031F |
6.1.3 Grenada Cannabidiol (CBD) Oil Extract Market Revenues & Volume, By Hemp, 2021- 2031F |
6.1.4 Grenada Cannabidiol (CBD) Oil Extract Market Revenues & Volume, By Marijuana, 2021- 2031F |
6.2 Grenada Cannabidiol (CBD) Oil Extract Market, By Extract Type |
6.2.1 Overview and Analysis |
6.2.2 Grenada Cannabidiol (CBD) Oil Extract Market Revenues & Volume, By Full Spectrum Extracts, 2021- 2031F |
6.2.3 Grenada Cannabidiol (CBD) Oil Extract Market Revenues & Volume, By Cannabis Isolates, 2021- 2031F |
6.3 Grenada Cannabidiol (CBD) Oil Extract Market, By Extraction Method |
6.3.1 Overview and Analysis |
6.3.2 Grenada Cannabidiol (CBD) Oil Extract Market Revenues & Volume, By Solvent Based, 2021- 2031F |
6.3.3 Grenada Cannabidiol (CBD) Oil Extract Market Revenues & Volume, By Non-Solvent Based, 2021- 2031F |
6.4 Grenada Cannabidiol (CBD) Oil Extract Market, By Distribution Channel |
6.4.1 Overview and Analysis |
6.4.2 Grenada Cannabidiol (CBD) Oil Extract Market Revenues & Volume, By B2B, 2021- 2031F |
6.4.3 Grenada Cannabidiol (CBD) Oil Extract Market Revenues & Volume, By B2C, 2021- 2031F |
6.5 Grenada Cannabidiol (CBD) Oil Extract Market, By End Use |
6.5.1 Overview and Analysis |
6.5.2 Grenada Cannabidiol (CBD) Oil Extract Market Revenues & Volume, By Medical, 2021- 2031F |
6.5.3 Grenada Cannabidiol (CBD) Oil Extract Market Revenues & Volume, By Personal use, 2021- 2031F |
6.5.4 Grenada Cannabidiol (CBD) Oil Extract Market Revenues & Volume, By Pharmaceutical, 2021- 2031F |
6.5.5 Grenada Cannabidiol (CBD) Oil Extract Market Revenues & Volume, By Wellness, 2021- 2031F |
7 Grenada Cannabidiol (CBD) Oil Extract Market Import-Export Trade Statistics |
7.1 Grenada Cannabidiol (CBD) Oil Extract Market Export to Major Countries |
7.2 Grenada Cannabidiol (CBD) Oil Extract Market Imports from Major Countries |
8 Grenada Cannabidiol (CBD) Oil Extract Market Key Performance Indicators |
8.1 Number of clinical trials conducted on CBD oil extract in Grenada |
8.2 Percentage of healthcare professionals recommending or prescribing CBD products |
8.3 Volume of imports of CBD oil extract into Grenada |
8.4 Number of retail outlets selling CBD oil extract in the market |
8.5 Amount of investment in research and development of CBD products in Grenada |
9 Grenada Cannabidiol (CBD) Oil Extract Market - Opportunity Assessment |
9.1 Grenada Cannabidiol (CBD) Oil Extract Market Opportunity Assessment, By Source Type, 2021 & 2031F |
9.2 Grenada Cannabidiol (CBD) Oil Extract Market Opportunity Assessment, By Extract Type, 2021 & 2031F |
9.3 Grenada Cannabidiol (CBD) Oil Extract Market Opportunity Assessment, By Extraction Method, 2021 & 2031F |
9.4 Grenada Cannabidiol (CBD) Oil Extract Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
9.5 Grenada Cannabidiol (CBD) Oil Extract Market Opportunity Assessment, By End Use, 2021 & 2031F |
10 Grenada Cannabidiol (CBD) Oil Extract Market - Competitive Landscape |
10.1 Grenada Cannabidiol (CBD) Oil Extract Market Revenue Share, By Companies, 2024 |
10.2 Grenada Cannabidiol (CBD) Oil 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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