| Product Code: ETC5794165 | Publication Date: Nov 2023 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
The import shipments of food fortifying agents to Grenada in 2024 continued to see a significant increase in concentration, with the top exporting countries being the USA, Jamaica, UK, Trinidad and Tobago, and Netherlands. The Herfindahl-Hirschman Index (HHI) indicated very high concentration levels in 2024, reflecting a competitive market dominated by a few key players. With a strong Compound Annual Growth Rate (CAGR) of 13.29% from 2020 to 2024 and a growth rate of 12.11% from 2023 to 2024, the market for fortifying agents in Grenada is experiencing robust expansion and heightened competition among suppliers.
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 Food Fortifying Agents Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Food Fortifying Agents Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Food Fortifying Agents Market - Industry Life Cycle |
3.4 Grenada Food Fortifying Agents Market - Porter's Five Forces |
3.5 Grenada Food Fortifying Agents Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Grenada Food Fortifying Agents Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 Grenada Food Fortifying Agents Market Revenues & Volume Share, By Process, 2021 & 2031F |
4 Grenada Food Fortifying Agents Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing consumer awareness about the importance of nutrition and health |
4.2.2 Government regulations mandating fortification of food products |
4.2.3 Growing demand for functional food and beverages |
4.3 Market Restraints |
4.3.1 High costs associated with fortifying food products |
4.3.2 Lack of standardized fortification guidelines |
4.3.3 Consumer skepticism or resistance towards fortified products |
5 Grenada Food Fortifying Agents Market Trends |
6 Grenada Food Fortifying Agents Market Segmentations |
6.1 Grenada Food Fortifying Agents Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Grenada Food Fortifying Agents Market Revenues & Volume, By Minerals, 2021-2031F |
6.1.3 Grenada Food Fortifying Agents Market Revenues & Volume, By Vitamins, 2021-2031F |
6.1.4 Grenada Food Fortifying Agents Market Revenues & Volume, By Carbohydrates, 2021-2031F |
6.1.5 Grenada Food Fortifying Agents Market Revenues & Volume, By Prebiotics, 2021-2031F |
6.1.6 Grenada Food Fortifying Agents Market Revenues & Volume, By Probiotics, 2021-2031F |
6.2 Grenada Food Fortifying Agents Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Grenada Food Fortifying Agents Market Revenues & Volume, By Cereal & Cereal-based Products, 2021-2031F |
6.2.3 Grenada Food Fortifying Agents Market Revenues & Volume, By Bulk Food Items, 2021-2031F |
6.3 Grenada Food Fortifying Agents Market, By Process |
6.3.1 Overview and Analysis |
6.3.2 Grenada Food Fortifying Agents Market Revenues & Volume, By Drum Drying, 2021-2031F |
6.3.3 Grenada Food Fortifying Agents Market Revenues & Volume, By Dusting, 2021-2031F |
7 Grenada Food Fortifying Agents Market Import-Export Trade Statistics |
7.1 Grenada Food Fortifying Agents Market Export to Major Countries |
7.2 Grenada Food Fortifying Agents Market Imports from Major Countries |
8 Grenada Food Fortifying Agents Market Key Performance Indicators |
8.1 Percentage of food products in Grenada fortified with essential nutrients |
8.2 Number of new product launches in the fortified food and beverage segment |
8.3 Consumer perception and acceptance of fortified products |
8.4 Investment in research and development for fortifying agents |
8.5 Compliance rate with government regulations on food fortification |
9 Grenada Food Fortifying Agents Market - Opportunity Assessment |
9.1 Grenada Food Fortifying Agents Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Grenada Food Fortifying Agents Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 Grenada Food Fortifying Agents Market Opportunity Assessment, By Process, 2021 & 2031F |
10 Grenada Food Fortifying Agents Market - Competitive Landscape |
10.1 Grenada Food Fortifying Agents Market Revenue Share, By Companies, 2024 |
10.2 Grenada Food Fortifying Agents 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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