| Product Code: ETC7372033 | Publication Date: Sep 2024 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Vasudha | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
Despite the high concentration of import shipments from the USA, Trinidad and Tobago, Canada, Italy, and the UK to Grenada in 2024, the market experienced a significant decline with a CAGR of -23.9% from 2020 to 2024. The growth rate plummeted even further in 2024 with a staggering -72.15%. This indicates a challenging market environment for hemp oil imports in Grenada, necessitating a deeper analysis of factors influencing this decline and potential strategies for market recovery.
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 Hemp Oil Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Hemp Oil Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Hemp Oil Market - Industry Life Cycle |
3.4 Grenada Hemp Oil Market - Porter's Five Forces |
3.5 Grenada Hemp Oil Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Grenada Hemp Oil Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Grenada Hemp Oil Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing consumer awareness about the health benefits of hemp oil |
4.2.2 Growing demand for natural and organic products in the beauty and wellness industry |
4.2.3 Favorable government regulations supporting the production and sale of hemp oil |
4.3 Market Restraints |
4.3.1 Lack of standardized regulations and quality control measures in the hemp oil industry |
4.3.2 Limited availability of raw materials for hemp oil production |
4.3.3 Negative perception or stigma associated with hemp products in some regions |
5 Grenada Hemp Oil Market Trends |
6 Grenada Hemp Oil Market, By Types |
6.1 Grenada Hemp Oil Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Grenada Hemp Oil Market Revenues & Volume, By Product Type, 2021- 2031F |
6.1.3 Grenada Hemp Oil Market Revenues & Volume, By CBD Oil, 2021- 2031F |
6.1.4 Grenada Hemp Oil Market Revenues & Volume, By Hemp Essential Oil, 2021- 2031F |
6.1.5 Grenada Hemp Oil Market Revenues & Volume, By Hemp Seed Oil, 2021- 2031F |
6.2 Grenada Hemp Oil Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Grenada Hemp Oil Market Revenues & Volume, By Personal Care Products, 2021- 2031F |
6.2.3 Grenada Hemp Oil Market Revenues & Volume, By Pharmaceuticals, 2021- 2031F |
6.2.4 Grenada Hemp Oil Market Revenues & Volume, By Nutraceuticals, 2021- 2031F |
6.2.5 Grenada Hemp Oil Market Revenues & Volume, By Food and Beverages, 2021- 2031F |
6.2.6 Grenada Hemp Oil Market Revenues & Volume, By Industrial Uses, 2021- 2031F |
6.2.7 Grenada Hemp Oil Market Revenues & Volume, By Others, 2021- 2031F |
7 Grenada Hemp Oil Market Import-Export Trade Statistics |
7.1 Grenada Hemp Oil Market Export to Major Countries |
7.2 Grenada Hemp Oil Market Imports from Major Countries |
8 Grenada Hemp Oil Market Key Performance Indicators |
8.1 Number of research studies published on the health benefits of hemp oil |
8.2 Percentage of beauty and wellness products containing hemp oil in the market |
8.3 Growth in the number of hemp oil production facilities in Grenada |
9 Grenada Hemp Oil Market - Opportunity Assessment |
9.1 Grenada Hemp Oil Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Grenada Hemp Oil Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Grenada Hemp Oil Market - Competitive Landscape |
10.1 Grenada Hemp Oil Market Revenue Share, By Companies, 2024 |
10.2 Grenada Hemp Oil 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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