Grenada Nutmeg & Mace Market- Trend Analysis & Forecasts

Best Price Guarantee	Length	Publisher	Published Date	SKU
from $2,450	132 Pages	StatLedger Market Research & Consulting	March, 2025	STLE19876720

Best Price Guarantee
Price	from $2,450
Length	132 Pages
Publisher	StatLedger Market Research & Consulting
Published Date	March, 2025
SKU	STLE19876720

Grenada produced 668.48 tonnes of dry nutmeg in 2023, with a projected CAGR of 3.03% (2020–2030). The market is driven by rising demand in meat processing and spice manufacturing, while government initiatives focus on plantation expansion and productivity improvements. However, adverse weather remains a key challenge.

Key Research & Analysis Areas
The report offers valuable insights into the supply-demand dynamics of the Grenada Nutmeg & Mace market. It covers market growth, trade trends, structure, and performance analysis. It includes historical (2010-2023) and forecasted market size (to 2030), trade data, pricing, regulatory frameworks, supply chain mapping, and key suppliers and buyers. Additionally, it profiles major competitors and examines factors influencing market performance, including sustainability trends.

Global Significance & Supply Trends
As a leading producer, Grenada’s nutmeg and mace industry contributes significantly to its economy. Favorable climate conditions support high-quality production, though hurricanes and droughts have impacted supply. Government efforts to rehabilitate plantations have aided recovery, yet extreme weather in 2024 led to a sharp production decline.

Market Demand & Growth Factors
Most nutmeg and mace exports go to North America and Europe, with Canada, the Netherlands, and the USA as key buyers. The market benefits from increasing demand in food, pharmaceutical, and nutraceutical industries, driven by rising health consciousness and expanding culinary applications.

Challenges & Supply Chain Issues
Climate vulnerability, pests, and global competition pose challenges. Infrastructure gaps, logistics inefficiencies, and inconsistent quality control impact exports. The government aims to shift toward value-added nutmeg products like oils and extracts to enhance market competitiveness.

Trade, Pricing & Future Outlook
In 2023, Grenada’s nutmeg exports were valued at USD 5.23 million, driven by strong demand from North America and Europe, particularly from buyers in Canada, the Netherlands, and the USA. The country is renowned for its premium-quality nutmeg, which commands higher prices in the global market. However, Grenada faces growing competition from Indonesia and India, both of which have significantly larger production capacities and lower-cost supply chains, influencing global pricing dynamics.

Currently, export prices for Grenadian nutmeg range between USD 11–12 per kg, reflecting the premium associated with its quality. Despite this advantage, increased production from competing countries exerts downward pressure on prices, making it essential for Grenada to enhance its market positioning.

Scope of the Report:
• Historical Years: 2010-2023
• Base Year: 2024
• Forecast Period: 2025-2030
• Units: Value (US$ Million) and Volume (Tonnes)
• Report Coverage: Production, Consumption, Export, and Import
• Segments Covered: By Type, Form, and Sales
• Companies Profiled: The market players (also includes stakeholders) include Grenada Cooperative Nutmeg Association (GCNA), Catz International B.V., Koninklijke Euroma BV (Intertaste BV), Verstegen Spices & Sauces B.V., Shashi Foods Inc., Fuchs Group, and Halford-Lewis Ltd., and more.

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1. Executive Summary
2. Introduction: 2.1. Objectives & Scope of the Study; 2.2. Definitions & Economic Importance; 2.3. Research Methodology; 2.4. Factors and Decision Matrix Analysis; 2.5. Limitations & Challenges
3. Product/ Market Overview: 3.1. Evolution/ Origin & Geographic/Agronomic Suitability; 3.2. Nutmeg Crop Seasonality; 3.3. Processing & Grading; 3.4. Nutmeg & Mace Uses & Application Areas; 3.5. Regulatory Analysis
4. Grenada Country Profile
5. Grenada Nutmeg & Mace Market Growth Factors Analysis: 5.1. Drivers and Restraints Analysis; 5.2. Challenges and Opportunities Analysis; 5.3. Grenada Nutmeg & Mace Industry SWOT Analysis; 5.4. Grenada Nutmeg & Mace Market PESTEL Analysis; 5.5. Grenada Nutmeg & Mace Market Porter's Five Forces analysis
6. Grenada Nutmeg & Mace Market: Supply Analysis: 6.1. Nutmeg (Green) Supply Analysis (Area & Production); 6.2. Nutmeg (Dry & Shelled) & Mace (Dry) Supply Analysis; 6.3. Nutmeg (Dry & Shelled) Supply Analysis (Half Yearly Production); 6.4. Mace (Dry) Supply Analysis (Half Yearly Production)
7. Grenada Nutmeg & Mace Market: Demand Analysis: 7.1. Domestic Consumption; 7.2. Processing; 7.3. Export Demand; 7.4. Nutmeg & Mace Supply Chain Analysis; 7.5. Nutmeg & Mace Product Variants Available in the Market
8. Grenada Nutmeg & Mace Market: Segmentation Analysis: 8.1. Grenada Nutmeg Market, by Type; 8.1.1. Whole Nutmeg; 8.1.2. Grounded Nutmeg; 8.2. Grenada Mace Market, by Type; 8.2.1. Whole Mace; 8.2.2. Grounded Mace; 8.3. Grenada Mace Market, by Sales; 8.3.1. Domestic Consumption; 8.3.2. Exports
9. Grenada Nutmeg & Mace Market: Trade (Export & Import) Analysis: 9.1. Nutmeg & Mace Trade Analysis; 9.2. Nutmeg (Dry) Trade Analysis; 9.3. Mace Trade Analysis; 9.4. USA & Canada Imports of Nutmeg, By Value & Volume; 9.5. Grenada Nutmeg Supply & Demand Dynamics
10. Grenada Nutmeg & Mace Market: Price Trend Analysis: 10.1. Farm Gate Price Trend; 10.2. Export Price Trend; 10.3. Global Market Price Trend; 10.4. Grenada Nutmeg & Mace Price Events & Price Drivers Analysis
11. Competitive Analysis: 11.1. Grenada Nutmeg & Mace Market Mapping; 11.1.1. List of Key Countries Importing Nutmeg & Mace from Grenada; 11.1.2. List of Key Companies Exporting & Importing Nutmeg & Mace from Grenada; 11.2. Company Profiles; 11.2.1. Grenada Cooperative Nutmeg Association (GCNA); 11.2.2. De La Grenade Industries Ltd.; 11.2.3. Catz International B.V.; 11.2.4. Koninklijke Euroma BV (Intertaste BV); 11.2.5. Verstegen Spices & Sauces B.V.; 11.2.6. Shashi Foods Inc.; 11.2.7. Fuchs Group; 11.2.8. Halford-Lewis Ltd.
12. Conclusion
13. Appendix
List of Tables: Table 1: Grenada Nutmeg & Mace Market Production and Exports, Volume (Tonnes); Table 2: Grenada Export &; Import Trends for Merchandise Goods in 2023; Table 3: Grenada Nutmeg (Green) Area (Ha.) & Production (Tonnes); Table 4: Grenada Nutmeg (Dry & Shelled) and Mace (Dry) Supply Trend (Tonnes); Table 5: Grenada Nutmeg (Dry & Shelled) Production, Half Yearly (Tonnes); Table 6: Grenada Mace Production, Half Yearly (Tonnes); Table 7: Grenada Nutmeg & Mace Cost Components (Farm to Port), 2023; Table 8: Grenada Nutmeg (Dry & Shelled) and Mace (Dry) Export Trend; Table 9: Grenada Nutmeg (Dry & Shelled) Export Trend; Table 10: Grenada Mace Export Trend; Table 11: Nutmeg & Mace Supply & Demand Dynamics; Table 12: Nutmeg & Mace Buyers from Grenada; Table 13: Key Global Spices Companies
List of Figure: Figure 1: Nutmeg Crop Seasonality; Figure 2: The Principal Commercial Products Obtained from Nutmeg; Figure 3: Grenada Population Dynamics; Figure 4: Grenada Major Crop Area Trend; Figure 5: Grenada Rainfall Distribution Pattern; Figure 6: Grenada Livestock Population Dynamics; Figure 7: Number of Tourists Arrivals to Grenada; Figure 8: Grenada Export & Import Trends for Merchandise Goods; Figure 9: Grenada Export & Import Trade Partners; Figure 10: Grenada COVID-19 Overview; Figure 11: Global Spices Value & Volume; Figure 12: Global Spices & Seasonings Market – An Overview; Figure 13: Global Nutmeg Production (1,000 MT); Figure 14: Grenada Nutmeg (Green) Area & Production; Figure 15: Grenada Nutmeg (Dry & Shelled) & Mace (Dry) Supply Trend; Figure 16: Grenada Nutmeg (Dry & Shelled) Supply Trend (Half Yearly); Figure 17: Grenada Mace Supply Trend (Half Yearly); Figure 18: Grenada Quarterly Nutmeg (Dry & Shelled) and Mace (Dry) Production Trend, (Tonnes); Figure 19: Typical Flow of Nutmeg & Mace Products from Farm to Market/ End-user; Figure 20: Nutmeg-based Product Variants Available in the Market; Figure 21: Mace-based Product Variants Available in the Market; Figure 22: Nutmeg & Mace-based Product Variants Available in the Market; Figure 23: Grenada Nutmeg & Mace Export Destinations Share (by Volume); Figure 24: Grenada Nutmeg & Mace Export Trend, Value (US$ Million) & Volume (Tonnes); Figure 25: Grenada Nutmeg (Dry) Export Trend; Figure 26: Grenada Mace Export Trend, Value & Volume; Figure 27: USA Imports of Nutmeg, by Value & Volume; Figure 28: USA Imports of Mace, by Value & Volume; Figure 29: Canada Imports of Nutmeg, by Value & Volume; Figure 30: Canada Imports of Mace, by Value & Volume; Figure 31: Grenada Nutmeg & Mace Export Price Trend, (Value in US$/Kg); Figure 32: Grenada Nutmeg & Mace Domestic Price (Paid to Farmers) Trend, (Value in US$/Kg); Figure 33: Global Nutmeg & Mace Export Price Trend, (Value in US$/Kg); Figure 34: Domestic and Export Price Comparison (US$/Kg)