| Product Code: ETC7378068 | Publication Date: Sep 2024 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Summon Dutta | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
Despite a significant decline in the compound annual growth rate (CAGR) from 2020 to 2024, Grenada saw a notable surge in plant-based margarine import shipments in 2024 with a growth rate of 33.35% compared to the previous year. The top exporting countries to Grenada in 2024 were Canada, USA, China, UK, and Metropolitan France, indicating a diverse mix of sources. However, the high Herfindahl-Hirschman Index (HHI) suggests a concentrated market, which may present challenges and opportunities for market players in the plant-based margarine industry looking to expand their presence in Grenada.
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 Plant-Based Margarine Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Plant-Based Margarine Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Plant-Based Margarine Market - Industry Life Cycle |
3.4 Grenada Plant-Based Margarine Market - Porter's Five Forces |
3.5 Grenada Plant-Based Margarine Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Grenada Plant-Based Margarine Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 Grenada Plant-Based Margarine Market Revenues & Volume Share, By Sales Channel, 2021 & 2031F |
3.8 Grenada Plant-Based Margarine Market Revenues & Volume Share, By Usages, 2021 & 2031F |
3.9 Grenada Plant-Based Margarine Market Revenues & Volume Share, By End Use, 2021 & 2031F |
4 Grenada Plant-Based Margarine Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing consumer awareness about health benefits of plant-based diets |
4.2.2 Growing demand for dairy-free and vegan alternatives |
4.2.3 Rising concerns about sustainability and environmental impact of animal agriculture |
4.3 Market Restraints |
4.3.1 Price competitiveness with traditional dairy-based margarine products |
4.3.2 Limited availability of plant-based margarine in certain regions |
4.3.3 Consumer perception challenges related to taste and texture compared to traditional margarine |
5 Grenada Plant-Based Margarine Market Trends |
6 Grenada Plant-Based Margarine Market, By Types |
6.1 Grenada Plant-Based Margarine Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Grenada Plant-Based Margarine Market Revenues & Volume, By Product Type, 2021- 2031F |
6.1.3 Grenada Plant-Based Margarine Market Revenues & Volume, By Hard Margarine, 2021- 2031F |
6.1.4 Grenada Plant-Based Margarine Market Revenues & Volume, By Soft Margarine, 2021- 2031F |
6.1.5 Grenada Plant-Based Margarine Market Revenues & Volume, By Liquid Margarine, 2021- 2031F |
6.2 Grenada Plant-Based Margarine Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Grenada Plant-Based Margarine Market Revenues & Volume, By Beverages, 2021- 2031F |
6.2.3 Grenada Plant-Based Margarine Market Revenues & Volume, By Convenience Food, 2021- 2031F |
6.2.4 Grenada Plant-Based Margarine Market Revenues & Volume, By Sauces, 2021- 2031F |
6.2.5 Grenada Plant-Based Margarine Market Revenues & Volume, By Dressings and Condiments, 2021- 2031F |
6.2.6 Grenada Plant-Based Margarine Market Revenues & Volume, By Bakery and Confectionery, 2021- 2031F |
6.2.7 Grenada Plant-Based Margarine Market Revenues & Volume, By Dairy Products, 2021- 2031F |
6.3 Grenada Plant-Based Margarine Market, By Sales Channel |
6.3.1 Overview and Analysis |
6.3.2 Grenada Plant-Based Margarine Market Revenues & Volume, By Direct to Customer Channel, 2021- 2031F |
6.3.3 Grenada Plant-Based Margarine Market Revenues & Volume, By Modern Trade Channel (Supermarket/Hypermarket), 2021- 2031F |
6.3.4 Grenada Plant-Based Margarine Market Revenues & Volume, By Convenience Store, 2021- 2031F |
6.3.5 Grenada Plant-Based Margarine Market Revenues & Volume, By Specialty Store, 2021- 2031F |
6.3.6 Grenada Plant-Based Margarine Market Revenues & Volume, By E-Retailers (Third Party Online Channel), 2021- 2031F |
6.4 Grenada Plant-Based Margarine Market, By Usages |
6.4.1 Overview and Analysis |
6.4.2 Grenada Plant-Based Margarine Market Revenues & Volume, By Spreadable, 2021- 2031F |
6.4.3 Grenada Plant-Based Margarine Market Revenues & Volume, By Non-Spreadable, 2021- 2031F |
6.5 Grenada Plant-Based Margarine Market, By End Use |
6.5.1 Overview and Analysis |
6.5.2 Grenada Plant-Based Margarine Market Revenues & Volume, By Commercial, 2021- 2031F |
6.5.3 Grenada Plant-Based Margarine Market Revenues & Volume, By Households, 2021- 2031F |
7 Grenada Plant-Based Margarine Market Import-Export Trade Statistics |
7.1 Grenada Plant-Based Margarine Market Export to Major Countries |
7.2 Grenada Plant-Based Margarine Market Imports from Major Countries |
8 Grenada Plant-Based Margarine Market Key Performance Indicators |
8.1 Percentage increase in the number of plant-based margarine product offerings in the market |
8.2 Growth in the number of retail outlets stocking grenada plant-based margarine |
8.3 Increase in online search volume for plant-based margarine recipes and products |
8.4 Percentage growth in consumer engagement on social media platforms regarding plant-based diet and sustainability |
8.5 Rise in the number of partnerships between grenada plant-based margarine brands and vegan influencers or nutritionists |
9 Grenada Plant-Based Margarine Market - Opportunity Assessment |
9.1 Grenada Plant-Based Margarine Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Grenada Plant-Based Margarine Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 Grenada Plant-Based Margarine Market Opportunity Assessment, By Sales Channel, 2021 & 2031F |
9.4 Grenada Plant-Based Margarine Market Opportunity Assessment, By Usages, 2021 & 2031F |
9.5 Grenada Plant-Based Margarine Market Opportunity Assessment, By End Use, 2021 & 2031F |
10 Grenada Plant-Based Margarine Market - Competitive Landscape |
10.1 Grenada Plant-Based Margarine Market Revenue Share, By Companies, 2024 |
10.2 Grenada Plant-Based Margarine 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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