| Product Code: ETC7372068 | 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 |
In 2024, Grenada continued to see a high concentration of herbal extract imports, with the top exporting countries being the USA, Turkey, UK, Saint Lucia, and India. Despite a notable decline in growth rate from 2023 to 2024, the compound annual growth rate (CAGR) over the period of 2020-2024 remained strong at 13.43%. This indicates sustained interest and demand for herbal extracts in Grenada, with potential opportunities for market expansion and diversification in the coming years.
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 Herbal Extract Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Herbal Extract Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Herbal Extract Market - Industry Life Cycle |
3.4 Grenada Herbal Extract Market - Porter's Five Forces |
3.5 Grenada Herbal Extract Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.6 Grenada Herbal Extract Market Revenues & Volume Share, By Type, 2021 & 2031F |
4 Grenada Herbal Extract Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing consumer awareness about the health benefits of herbal extracts |
4.2.2 Growing demand for natural and organic products |
4.2.3 Rise in research and development activities to discover new applications for herbal extracts |
4.3 Market Restraints |
4.3.1 Limited availability of raw materials for herbal extract production |
4.3.2 Stringent regulations and quality standards for herbal products |
4.3.3 Competition from synthetic alternatives in the market |
5 Grenada Herbal Extract Market Trends |
6 Grenada Herbal Extract Market, By Types |
6.1 Grenada Herbal Extract Market, By Application |
6.1.1 Overview and Analysis |
6.1.2 Grenada Herbal Extract Market Revenues & Volume, By Application, 2021- 2031F |
6.1.3 Grenada Herbal Extract Market Revenues & Volume, By Personal Care & Cosmetics, 2021- 2031F |
6.1.4 Grenada Herbal Extract Market Revenues & Volume, By Food & Beverages, 2021- 2031F |
6.1.5 Grenada Herbal Extract Market Revenues & Volume, By Animal Feed, 2021- 2031F |
6.2 Grenada Herbal Extract Market, By Type |
6.2.1 Overview and Analysis |
6.2.2 Grenada Herbal Extract Market Revenues & Volume, By Cherry, 2021- 2031F |
6.2.3 Grenada Herbal Extract Market Revenues & Volume, By Aloe, 2021- 2031F |
6.2.4 Grenada Herbal Extract Market Revenues & Volume, By Cranberry, 2021- 2031F |
6.2.5 Grenada Herbal Extract Market Revenues & Volume, By Garlic, 2021- 2031F |
6.2.6 Grenada Herbal Extract Market Revenues & Volume, By Turmeric, 2021- 2031F |
6.2.7 Grenada Herbal Extract Market Revenues & Volume, By Ginseng, 2021- 2031F |
7 Grenada Herbal Extract Market Import-Export Trade Statistics |
7.1 Grenada Herbal Extract Market Export to Major Countries |
7.2 Grenada Herbal Extract Market Imports from Major Countries |
8 Grenada Herbal Extract Market Key Performance Indicators |
8.1 Number of new product launches featuring grenada herbal extracts |
8.2 Growth in the number of research studies highlighting the benefits of grenada herbal extracts |
8.3 Increase in partnerships or collaborations between herbal extract manufacturers and healthcare companies |
9 Grenada Herbal Extract Market - Opportunity Assessment |
9.1 Grenada Herbal Extract Market Opportunity Assessment, By Application, 2021 & 2031F |
9.2 Grenada Herbal Extract Market Opportunity Assessment, By Type, 2021 & 2031F |
10 Grenada Herbal Extract Market - Competitive Landscape |
10.1 Grenada Herbal Extract Market Revenue Share, By Companies, 2024 |
10.2 Grenada Herbal 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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