Grenada Herbal Medicinal Products Market (2025-2031) | Industry, Segmentation, Share, Forecast, Growth, Outlook, Competitive Landscape, Analysis, Size & Revenue, Trends, Value, Companies

Name: Grenada Herbal Medicinal Products Market (2025-2031) | Industry & Segmentation
Creator: 6Wresearch
License: https://www.6wresearch.com/privacy-policy

Market Forecast By Product Type (Homeopathic Medicines, Ayurvedic Medicines, Chinese Medicines, Aromatherapy Products), By Source (Barks, Leaves, Roots, Fruits, Vegetables, Others), By Application (Food and Beverages, Pharmaceuticals, Personal Care, Others) And Competitive Landscape

Product Code: ETC7372071	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 Herbal Medicinal Products Market Top 5 Importing Countries and Market Competition (HHI) Analysis

In 2024, Grenada continued to heavily rely on imports of herbal medicinal products, with top exporters being Trinidad and Tobago, USA, India, UK, and other miscellaneous areas. Despite a concerning high Herfindahl-Hirschman Index indicating market concentration, the industry experienced a significant decline in growth with a CAGR of -8.53% from 2020 to 2024. The growth rate plummeted even further from 2023 to 2024, showing a sharp decline of -56.7%. This suggests a challenging landscape for the herbal medicinal products market in Grenada, warranting further analysis and strategic planning for sustainable growth.

Key Highlights of the Report:

Grenada Herbal Medicinal Products Market Outlook
Market Size of Grenada Herbal Medicinal Products Market, 2024
Forecast of Grenada Herbal Medicinal Products Market, 2031
Historical Data and Forecast of Grenada Herbal Medicinal Products Revenues & Volume for the Period 2021- 2031
Grenada Herbal Medicinal Products Market Trend Evolution
Grenada Herbal Medicinal Products Market Drivers and Challenges
Grenada Herbal Medicinal Products Price Trends
Grenada Herbal Medicinal Products Porter's Five Forces
Grenada Herbal Medicinal Products Industry Life Cycle
Historical Data and Forecast of Grenada Herbal Medicinal Products Market Revenues & Volume By Product Type for the Period 2021- 2031
Historical Data and Forecast of Grenada Herbal Medicinal Products Market Revenues & Volume By Homeopathic Medicines for the Period 2021- 2031
Historical Data and Forecast of Grenada Herbal Medicinal Products Market Revenues & Volume By Ayurvedic Medicines for the Period 2021- 2031
Historical Data and Forecast of Grenada Herbal Medicinal Products Market Revenues & Volume By Chinese Medicines for the Period 2021- 2031
Historical Data and Forecast of Grenada Herbal Medicinal Products Market Revenues & Volume By Aromatherapy Products for the Period 2021- 2031
Historical Data and Forecast of Grenada Herbal Medicinal Products Market Revenues & Volume By Source for the Period 2021- 2031
Historical Data and Forecast of Grenada Herbal Medicinal Products Market Revenues & Volume By Barks for the Period 2021- 2031
Historical Data and Forecast of Grenada Herbal Medicinal Products Market Revenues & Volume By Leaves for the Period 2021- 2031
Historical Data and Forecast of Grenada Herbal Medicinal Products Market Revenues & Volume By Roots for the Period 2021- 2031
Historical Data and Forecast of Grenada Herbal Medicinal Products Market Revenues & Volume By Fruits for the Period 2021- 2031
Historical Data and Forecast of Grenada Herbal Medicinal Products Market Revenues & Volume By Vegetables for the Period 2021- 2031
Historical Data and Forecast of Grenada Herbal Medicinal Products Market Revenues & Volume By Others for the Period 2021- 2031
Historical Data and Forecast of Grenada Herbal Medicinal Products Market Revenues & Volume By Application for the Period 2021- 2031
Historical Data and Forecast of Grenada Herbal Medicinal Products Market Revenues & Volume By Food and Beverages for the Period 2021- 2031
Historical Data and Forecast of Grenada Herbal Medicinal Products Market Revenues & Volume By Pharmaceuticals for the Period 2021- 2031
Historical Data and Forecast of Grenada Herbal Medicinal Products Market Revenues & Volume By Personal Care for the Period 2021- 2031
Historical Data and Forecast of Grenada Herbal Medicinal Products Market Revenues & Volume By Others for the Period 2021- 2031
Grenada Herbal Medicinal Products Import Export Trade Statistics
Market Opportunity Assessment By Product Type
Market Opportunity Assessment By Source
Market Opportunity Assessment By Application
Grenada Herbal Medicinal Products Top Companies Market Share
Grenada Herbal Medicinal Products Competitive Benchmarking By Technical and Operational Parameters
Grenada Herbal Medicinal Products Company Profiles
Grenada Herbal Medicinal Products Key Strategic Recommendations

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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 Medicinal Products Market Overview

3.1 Grenada Country Macro Economic Indicators

3.2 Grenada Herbal Medicinal Products Market Revenues & Volume, 2021 & 2031F

3.3 Grenada Herbal Medicinal Products Market - Industry Life Cycle

3.4 Grenada Herbal Medicinal Products Market - Porter's Five Forces

3.5 Grenada Herbal Medicinal Products Market Revenues & Volume Share, By Product Type, 2021 & 2031F

3.6 Grenada Herbal Medicinal Products Market Revenues & Volume Share, By Source, 2021 & 2031F

3.7 Grenada Herbal Medicinal Products Market Revenues & Volume Share, By Application, 2021 & 2031F

4 Grenada Herbal Medicinal Products Market Dynamics

4.1 Impact Analysis

4.2 Market Drivers

4.2.1 Increasing consumer awareness and preference for natural and organic products

4.2.2 Growing demand for alternative healthcare solutions

4.2.3 Government support and regulations promoting the use of herbal medicinal products

4.3 Market Restraints

4.3.1 Limited scientific evidence and research supporting the efficacy of herbal medicinal products

4.3.2 Lack of standardization and quality control in the production of herbal remedies

5 Grenada Herbal Medicinal Products Market Trends

6 Grenada Herbal Medicinal Products Market, By Types

6.1 Grenada Herbal Medicinal Products Market, By Product Type

6.1.1 Overview and Analysis

6.1.2 Grenada Herbal Medicinal Products Market Revenues & Volume, By Product Type, 2021- 2031F

6.1.3 Grenada Herbal Medicinal Products Market Revenues & Volume, By Homeopathic Medicines, 2021- 2031F

6.1.4 Grenada Herbal Medicinal Products Market Revenues & Volume, By Ayurvedic Medicines, 2021- 2031F

6.1.5 Grenada Herbal Medicinal Products Market Revenues & Volume, By Chinese Medicines, 2021- 2031F

6.1.6 Grenada Herbal Medicinal Products Market Revenues & Volume, By Aromatherapy Products, 2021- 2031F

6.2 Grenada Herbal Medicinal Products Market, By Source

6.2.1 Overview and Analysis

6.2.2 Grenada Herbal Medicinal Products Market Revenues & Volume, By Barks, 2021- 2031F

6.2.3 Grenada Herbal Medicinal Products Market Revenues & Volume, By Leaves, 2021- 2031F

6.2.4 Grenada Herbal Medicinal Products Market Revenues & Volume, By Roots, 2021- 2031F

6.2.5 Grenada Herbal Medicinal Products Market Revenues & Volume, By Fruits, 2021- 2031F

6.2.6 Grenada Herbal Medicinal Products Market Revenues & Volume, By Vegetables, 2021- 2031F

6.2.7 Grenada Herbal Medicinal Products Market Revenues & Volume, By Others, 2021- 2031F

6.3 Grenada Herbal Medicinal Products Market, By Application

6.3.1 Overview and Analysis

6.3.2 Grenada Herbal Medicinal Products Market Revenues & Volume, By Food and Beverages, 2021- 2031F

6.3.3 Grenada Herbal Medicinal Products Market Revenues & Volume, By Pharmaceuticals, 2021- 2031F

6.3.4 Grenada Herbal Medicinal Products Market Revenues & Volume, By Personal Care, 2021- 2031F

6.3.5 Grenada Herbal Medicinal Products Market Revenues & Volume, By Others, 2021- 2031F

7 Grenada Herbal Medicinal Products Market Import-Export Trade Statistics

7.1 Grenada Herbal Medicinal Products Market Export to Major Countries

7.2 Grenada Herbal Medicinal Products Market Imports from Major Countries

8 Grenada Herbal Medicinal Products Market Key Performance Indicators

8.1 Number of new product launches in the herbal medicinal products market

8.2 Percentage of consumers switching from conventional medicine to herbal remedies

8.3 Growth in the number of certified herbal medicinal product manufacturers

8.4 Increase in the number of clinical trials and studies on herbal remedies

8.5 Adoption rate of herbal medicinal products by healthcare professionals

9 Grenada Herbal Medicinal Products Market - Opportunity Assessment

9.1 Grenada Herbal Medicinal Products Market Opportunity Assessment, By Product Type, 2021 & 2031F

9.2 Grenada Herbal Medicinal Products Market Opportunity Assessment, By Source, 2021 & 2031F

9.3 Grenada Herbal Medicinal Products Market Opportunity Assessment, By Application, 2021 & 2031F

10 Grenada Herbal Medicinal Products Market - Competitive Landscape

10.1 Grenada Herbal Medicinal Products Market Revenue Share, By Companies, 2024

10.2 Grenada Herbal Medicinal Products Market Competitive Benchmarking, By Operating and Technical Parameters

11 Company Profiles

12 Recommendations

13 Disclaimer

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Export potential assessment - trade Analytics for 2030

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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