| Product Code: ETC7372038 | 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 |
Grenada`s hemp seed oil import market in 2024 continued to be dominated by the USA, Trinidad and Tobago, Canada, Italy, and the UK. Despite the high concentration with a high Herfindahl-Hirschman Index (HHI), the market experienced a significant decline with a Compound Annual Growth Rate (CAGR) of -23.9% from 2020 to 2024. The growth rate plummeted even further in 2024, with a staggering -72.15%. This data suggests a challenging environment for hemp seed oil importers in Grenada, highlighting the need for strategic adjustments and market diversification.
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 Seed Oil Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Hemp Seed Oil Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Hemp Seed Oil Market - Industry Life Cycle |
3.4 Grenada Hemp Seed Oil Market - Porter's Five Forces |
3.5 Grenada Hemp Seed Oil Market Revenues & Volume Share, By Nature, 2021 & 2031F |
3.6 Grenada Hemp Seed Oil Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.7 Grenada Hemp Seed Oil Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 Grenada Hemp Seed Oil Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing consumer awareness about the health benefits of hemp seed oil |
4.2.2 Growing trend towards natural and organic products in the beauty and wellness industry |
4.2.3 Rising demand for hemp-based products in the food and beverage sector |
4.3 Market Restraints |
4.3.1 Legal and regulatory challenges related to the cultivation and production of hemp seed oil |
4.3.2 Limited availability of high-quality hemp seeds for oil extraction |
5 Grenada Hemp Seed Oil Market Trends |
6 Grenada Hemp Seed Oil Market, By Types |
6.1 Grenada Hemp Seed Oil Market, By Nature |
6.1.1 Overview and Analysis |
6.1.2 Grenada Hemp Seed Oil Market Revenues & Volume, By Nature, 2021- 2031F |
6.1.3 Grenada Hemp Seed Oil Market Revenues & Volume, By Organic, 2021- 2031F |
6.1.4 Grenada Hemp Seed Oil Market Revenues & Volume, By Conventional, 2021- 2031F |
6.2 Grenada Hemp Seed Oil Market, By Type |
6.2.1 Overview and Analysis |
6.2.2 Grenada Hemp Seed Oil Market Revenues & Volume, By Cold-Pressed, 2021- 2031F |
6.2.3 Grenada Hemp Seed Oil Market Revenues & Volume, By Refined, 2021- 2031F |
6.3 Grenada Hemp Seed Oil Market, By Distribution Channel |
6.3.1 Overview and Analysis |
6.3.2 Grenada Hemp Seed Oil Market Revenues & Volume, By B2B, 2021- 2031F |
6.3.3 Grenada Hemp Seed Oil Market Revenues & Volume, By B2C, 2021- 2031F |
7 Grenada Hemp Seed Oil Market Import-Export Trade Statistics |
7.1 Grenada Hemp Seed Oil Market Export to Major Countries |
7.2 Grenada Hemp Seed Oil Market Imports from Major Countries |
8 Grenada Hemp Seed Oil Market Key Performance Indicators |
8.1 Number of new product launches containing grenada hemp seed oil |
8.2 Growth in the number of retailers carrying grenada hemp seed oil products |
8.3 Increase in consumer satisfaction and loyalty towards grenada hemp seed oil products |
8.4 Expansion of distribution channels for grenada hemp seed oil |
8.5 Growth in the number of research studies and publications highlighting the benefits of grenada hemp seed oil |
9 Grenada Hemp Seed Oil Market - Opportunity Assessment |
9.1 Grenada Hemp Seed Oil Market Opportunity Assessment, By Nature, 2021 & 2031F |
9.2 Grenada Hemp Seed Oil Market Opportunity Assessment, By Type, 2021 & 2031F |
9.3 Grenada Hemp Seed Oil Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
10 Grenada Hemp Seed Oil Market - Competitive Landscape |
10.1 Grenada Hemp Seed Oil Market Revenue Share, By Companies, 2024 |
10.2 Grenada Hemp Seed 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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