Animal Probiotics Market Opportunities 2031
Probiotics are usually considered as growth, including health stimulators, and are utilized extensively in animal feeding, especially in pig & poultry production. Probiotics have been defined further as " a live microbial feed supplement that beneficially affects the host animal by promoting its intestinal balance. Animal feed probiotics are also considered important for livestock which is widely employed to increase the quality of feed to improve the yield as well as the overall health of cattle. In addition, the market players are again focusing on using combinations of different feed additives to produce a whole new feed product.
MARKET SCOPE
The "Global Animal Probiotics Market Analysis to 2031" is a specialized and in-depth study of the food and beverage industry with a special focus on the global market trend analysis. The report aims to provide an overview of the animal probiotics market with detailed market segmentation by source, for, livestock, and geography. The report provides key statistics on the market status of the leading animal probiotics market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on source, the global animal probiotics market is segmented into bacteria, yeast, and fungi
- Based on form, the market is bifurcated into dry and liquid
- Based on livestock, the market is bifurcated into swine, poultry, ruminants, aquaculture, and others
MARKET DYNAMICS
Drivers:
- Increasing demand for animal-based products such as eggs, milk, meat, and wool
- Growing concerns regarding animal health along with awareness about the benefits of probiotics in animal nutrition
- Increase in focus on animal health to prevent disease outbreaks
Restraints
- Implementation of stringent norms and quality standards regarding the use of probiotics in animal nutrition
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The animal probiotics market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the animal probiotics market in these regions.
IMPACT OF COVID-19 ON ANIMAL PROBIOTICS MARKET
As of July 2021, the US, India, Brazil, Russia, Spain, France, the UK, Turkey, and Italy, are some of the worst affected countries in terms of confirmed cases and reported deaths. The COVID-19 is affecting economies and several industries in different countries due to lockdowns, travel bans, and business shutdowns. The shutdown of various manufacturing plants and factories has also been affected the global supply chains also negatively impacted the manufacturing, delivery schedules, and sales of goods in the global market. In addition, the global travel bans further imposed by countries in Europe, Asia-Pacific, and North America are also affecting business collaborations as well as partnership opportunities.
Due to the Covid-19 pandemic, the food and beverage industry is also facing huge losses, which is further impacting the world economy. It has further disrupted the transportation system and disrupted the supply of raw materials. The disruptive value chain has had a negative impact on the raw material supply, which, in turn, is impacting the growth of the animal probiotics market. However, as the economies are planning to revive their operations, the demand for animal probiotics is presumed to rise since consumers are buying food products through online retailers. In addition, food & beverage producing companies are also taking some safety measures to fight the coronavirus, which include limiting direct contact with delivery person & visitors, strengthening & communicating proper hygiene practices, and conducting complete sanitations & eliminating personnel contact during shift changes. With all these factors, it can be presumed that in post-pandemic times, the demand for these products will take a hike.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The animal probiotics market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the animal probiotics market in these regions.
IMPACT OF COVID-19 ON ANIMAL PROBIOTICS MARKET
As of July 2021, the US, India, Brazil, Russia, Spain, France, the UK, Turkey, and Italy, are some of the worst affected countries in terms of confirmed cases and reported deaths. The COVID-19 is affecting economies and several industries in different countries due to lockdowns, travel bans, and business shutdowns. The shutdown of various manufacturing plants and factories has also been affected the global supply chains also negatively impacted the manufacturing, delivery schedules, and sales of goods in the global market. In addition, the global travel bans further imposed by countries in Europe, Asia-Pacific, and North America are also affecting business collaborations as well as partnership opportunities.
Due to the Covid-19 pandemic, the food and beverage industry is also facing huge losses, which is further impacting the world economy. It has further disrupted the transportation system and disrupted the supply of raw materials. The disruptive value chain has had a negative impact on the raw material supply, which, in turn, is impacting the growth of the animal probiotics market. However, as the economies are planning to revive their operations, the demand for animal probiotics is presumed to rise since consumers are buying food products through online retailers. In addition, food & beverage producing companies are also taking some safety measures to fight the coronavirus, which include limiting direct contact with delivery person & visitors, strengthening & communicating proper hygiene practices, and conducting complete sanitations & eliminating personnel contact during shift changes. With all these factors, it can be presumed that in post-pandemic times, the demand for these products will take a hike.
MARKET PLAYERS
The report covers key developments in the animal probiotics market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market players from animal probiotics market are anticipated to witness lucrative growth opportunities in the future with the rising demand for animal probiotics in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the animal probiotics market. In addition, the report focuses on leading industry players with information such as company profiles, products, and services offered, financial information of the last 3 years, the key developments in the last five years.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Animal Probiotics Market - By Source
1.3.2 Animal Probiotics Market - By Form
1.3.3 Animal Probiotics Market - By Livestock
1.3.4 Animal Probiotics Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. ANIMAL PROBIOTICS MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. EXPERT OPINIONS
5. ANIMAL PROBIOTICS MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. ANIMAL PROBIOTICS MARKET - GLOBAL MARKET ANALYSIS
6.1. ANIMAL PROBIOTICS - GLOBAL MARKET OVERVIEW
6.2. ANIMAL PROBIOTICS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. ANIMAL PROBIOTICS MARKET - REVENUE AND FORECASTS TO 2028 - SOURCE
7.1. OVERVIEW
7.2. SOURCE MARKET FORECASTS AND ANALYSIS
7.3. BACTERIA
7.3.1. Overview
7.3.2. Bacteria Market Forecast and Analysis
7.4. YEAST
7.4.1. Overview
7.4.2. Yeast Market Forecast and Analysis
7.5. FUNGI
7.5.1. Overview
7.5.2. Fungi Market Forecast and Analysis
8. ANIMAL PROBIOTICS MARKET - REVENUE AND FORECASTS TO 2028 - FORM
8.1. OVERVIEW
8.2. FORM MARKET FORECASTS AND ANALYSIS
8.3. DRY
8.3.1. Overview
8.3.2. Dry Market Forecast and Analysis
8.4. LIQUID
8.4.1. Overview
8.4.2. Liquid Market Forecast and Analysis
9. ANIMAL PROBIOTICS MARKET - REVENUE AND FORECASTS TO 2028 - LIVESTOCK
9.1. OVERVIEW
9.2. LIVESTOCK MARKET FORECASTS AND ANALYSIS
9.3. SWINE
9.3.1. Overview
9.3.2. Swine Market Forecast and Analysis
9.4. POULTRY
9.4.1. Overview
9.4.2. Poultry Market Forecast and Analysis
9.5. RUMINANTS
9.5.1. Overview
9.5.2. Ruminants Market Forecast and Analysis
9.6. AQUACULTURE
9.6.1. Overview
9.6.2. Aquaculture Market Forecast and Analysis
9.7. OTHERS
9.7.1. Overview
9.7.2. Others Market Forecast and Analysis
10. ANIMAL PROBIOTICS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Animal Probiotics Market Overview
10.1.2 North America Animal Probiotics Market Forecasts and Analysis
10.1.3 North America Animal Probiotics Market Forecasts and Analysis - By Source
10.1.4 North America Animal Probiotics Market Forecasts and Analysis - By Form
10.1.5 North America Animal Probiotics Market Forecasts and Analysis - By Livestock
10.1.6 North America Animal Probiotics Market Forecasts and Analysis - By Countries
10.1.6.1 United States Animal Probiotics Market
10.1.6.1.1 United States Animal Probiotics Market by Source
10.1.6.1.2 United States Animal Probiotics Market by Form
10.1.6.1.3 United States Animal Probiotics Market by Livestock
10.1.6.2 Canada Animal Probiotics Market
10.1.6.2.1 Canada Animal Probiotics Market by Source
10.1.6.2.2 Canada Animal Probiotics Market by Form
10.1.6.2.3 Canada Animal Probiotics Market by Livestock
10.1.6.3 Mexico Animal Probiotics Market
10.1.6.3.1 Mexico Animal Probiotics Market by Source
10.1.6.3.2 Mexico Animal Probiotics Market by Form
10.1.6.3.3 Mexico Animal Probiotics Market by Livestock
10.2. EUROPE
10.2.1 Europe Animal Probiotics Market Overview
10.2.2 Europe Animal Probiotics Market Forecasts and Analysis
10.2.3 Europe Animal Probiotics Market Forecasts and Analysis - By Source
10.2.4 Europe Animal Probiotics Market Forecasts and Analysis - By Form
10.2.5 Europe Animal Probiotics Market Forecasts and Analysis - By Livestock
10.2.6 Europe Animal Probiotics Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Animal Probiotics Market
10.2.6.1.1 Germany Animal Probiotics Market by Source
10.2.6.1.2 Germany Animal Probiotics Market by Form
10.2.6.1.3 Germany Animal Probiotics Market by Livestock
10.2.6.2 France Animal Probiotics Market
10.2.6.2.1 France Animal Probiotics Market by Source
10.2.6.2.2 France Animal Probiotics Market by Form
10.2.6.2.3 France Animal Probiotics Market by Livestock
10.2.6.3 Italy Animal Probiotics Market
10.2.6.3.1 Italy Animal Probiotics Market by Source
10.2.6.3.2 Italy Animal Probiotics Market by Form
10.2.6.3.3 Italy Animal Probiotics Market by Livestock
10.2.6.4 United Kingdom Animal Probiotics Market
10.2.6.4.1 United Kingdom Animal Probiotics Market by Source
10.2.6.4.2 United Kingdom Animal Probiotics Market by Form
10.2.6.4.3 United Kingdom Animal Probiotics Market by Livestock
10.2.6.5 Russia Animal Probiotics Market
10.2.6.5.1 Russia Animal Probiotics Market by Source
10.2.6.5.2 Russia Animal Probiotics Market by Form
10.2.6.5.3 Russia Animal Probiotics Market by Livestock
10.2.6.6 Rest of Europe Animal Probiotics Market
10.2.6.6.1 Rest of Europe Animal Probiotics Market by Source
10.2.6.6.2 Rest of Europe Animal Probiotics Market by Form
10.2.6.6.3 Rest of Europe Animal Probiotics Market by Livestock
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Animal Probiotics Market Overview
10.3.2 Asia-Pacific Animal Probiotics Market Forecasts and Analysis
10.3.3 Asia-Pacific Animal Probiotics Market Forecasts and Analysis - By Source
10.3.4 Asia-Pacific Animal Probiotics Market Forecasts and Analysis - By Form
10.3.5 Asia-Pacific Animal Probiotics Market Forecasts and Analysis - By Livestock
10.3.6 Asia-Pacific Animal Probiotics Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Animal Probiotics Market
10.3.6.1.1 Australia Animal Probiotics Market by Source
10.3.6.1.2 Australia Animal Probiotics Market by Form
10.3.6.1.3 Australia Animal Probiotics Market by Livestock
10.3.6.2 China Animal Probiotics Market
10.3.6.2.1 China Animal Probiotics Market by Source
10.3.6.2.2 China Animal Probiotics Market by Form
10.3.6.2.3 China Animal Probiotics Market by Livestock
10.3.6.3 India Animal Probiotics Market
10.3.6.3.1 India Animal Probiotics Market by Source
10.3.6.3.2 India Animal Probiotics Market by Form
10.3.6.3.3 India Animal Probiotics Market by Livestock
10.3.6.4 Japan Animal Probiotics Market
10.3.6.4.1 Japan Animal Probiotics Market by Source
10.3.6.4.2 Japan Animal Probiotics Market by Form
10.3.6.4.3 Japan Animal Probiotics Market by Livestock
10.3.6.5 South Korea Animal Probiotics Market
10.3.6.5.1 South Korea Animal Probiotics Market by Source
10.3.6.5.2 South Korea Animal Probiotics Market by Form
10.3.6.5.3 South Korea Animal Probiotics Market by Livestock
10.3.6.6 Rest of Asia-Pacific Animal Probiotics Market
10.3.6.6.1 Rest of Asia-Pacific Animal Probiotics Market by Source
10.3.6.6.2 Rest of Asia-Pacific Animal Probiotics Market by Form
10.3.6.6.3 Rest of Asia-Pacific Animal Probiotics Market by Livestock
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Animal Probiotics Market Overview
10.4.2 Middle East and Africa Animal Probiotics Market Forecasts and Analysis
10.4.3 Middle East and Africa Animal Probiotics Market Forecasts and Analysis - By Source
10.4.4 Middle East and Africa Animal Probiotics Market Forecasts and Analysis - By Form
10.4.5 Middle East and Africa Animal Probiotics Market Forecasts and Analysis - By Livestock
10.4.6 Middle East and Africa Animal Probiotics Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Animal Probiotics Market
10.4.6.1.1 South Africa Animal Probiotics Market by Source
10.4.6.1.2 South Africa Animal Probiotics Market by Form
10.4.6.1.3 South Africa Animal Probiotics Market by Livestock
10.4.6.2 Saudi Arabia Animal Probiotics Market
10.4.6.2.1 Saudi Arabia Animal Probiotics Market by Source
10.4.6.2.2 Saudi Arabia Animal Probiotics Market by Form
10.4.6.2.3 Saudi Arabia Animal Probiotics Market by Livestock
10.4.6.3 U.A.E Animal Probiotics Market
10.4.6.3.1 U.A.E Animal Probiotics Market by Source
10.4.6.3.2 U.A.E Animal Probiotics Market by Form
10.4.6.3.3 U.A.E Animal Probiotics Market by Livestock
10.4.6.4 Rest of Middle East and Africa Animal Probiotics Market
10.4.6.4.1 Rest of Middle East and Africa Animal Probiotics Market by Source
10.4.6.4.2 Rest of Middle East and Africa Animal Probiotics Market by Form
10.4.6.4.3 Rest of Middle East and Africa Animal Probiotics Market by Livestock
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Animal Probiotics Market Overview
10.5.2 South and Central America Animal Probiotics Market Forecasts and Analysis
10.5.3 South and Central America Animal Probiotics Market Forecasts and Analysis - By Source
10.5.4 South and Central America Animal Probiotics Market Forecasts and Analysis - By Form
10.5.5 South and Central America Animal Probiotics Market Forecasts and Analysis - By Livestock
10.5.6 South and Central America Animal Probiotics Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Animal Probiotics Market
10.5.6.1.1 Brazil Animal Probiotics Market by Source
10.5.6.1.2 Brazil Animal Probiotics Market by Form
10.5.6.1.3 Brazil Animal Probiotics Market by Livestock
10.5.6.2 Argentina Animal Probiotics Market
10.5.6.2.1 Argentina Animal Probiotics Market by Source
10.5.6.2.2 Argentina Animal Probiotics Market by Form
10.5.6.2.3 Argentina Animal Probiotics Market by Livestock
10.5.6.3 Rest of South and Central America Animal Probiotics Market
10.5.6.3.1 Rest of South and Central America Animal Probiotics Market by Source
10.5.6.3.2 Rest of South and Central America Animal Probiotics Market by Form
10.5.6.3.3 Rest of South and Central America Animal Probiotics Market by Livestock
11. INDUSTRY LANDSCAPE
11.1. MERGERS AND ACQUISITIONS
11.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
11.3. NEW PRODUCT LAUNCHES
11.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
12. ANIMAL PROBIOTICS MARKET, KEY COMPANY PROFILES
12.1. BLUESTAR ADISSEO COMPANY
12.1.1. Key Facts
12.1.2. Business Description
12.1.3. Products and Services
12.1.4. Financial Overview
12.1.5. SWOT Analysis
12.1.6. Key Developments
12.2. CALPIS CO., LTD.
12.2.1. Key Facts
12.2.2. Business Description
12.2.3. Products and Services
12.2.4. Financial Overview
12.2.5. SWOT Analysis
12.2.6. Key Developments
12.3. CHR. HANSEN HOLDING A/S
12.3.1. Key Facts
12.3.2. Business Description
12.3.3. Products and Services
12.3.4. Financial Overview
12.3.5. SWOT Analysis
12.3.6. Key Developments
12.4. DSM
12.4.1. Key Facts
12.4.2. Business Description
12.4.3. Products and Services
12.4.4. Financial Overview
12.4.5. SWOT Analysis
12.4.6. Key Developments
12.5. DUPONT DE NEMOURS, INC.
12.5.1. Key Facts
12.5.2. Business Description
12.5.3. Products and Services
12.5.4. Financial Overview
12.5.5. SWOT Analysis
12.5.6. Key Developments
12.6. EVONIK INDUSTRIES AG
12.6.1. Key Facts
12.6.2. Business Description
12.6.3. Products and Services
12.6.4. Financial Overview
12.6.5. SWOT Analysis
12.6.6. Key Developments
12.7. KERRY GROUP
12.7.1. Key Facts
12.7.2. Business Description
12.7.3. Products and Services
12.7.4. Financial Overview
12.7.5. SWOT Analysis
12.7.6. Key Developments
12.8. LALLEMAND
12.8.1. Key Facts
12.8.2. Business Description
12.8.3. Products and Services
12.8.4. Financial Overview
12.8.5. SWOT Analysis
12.8.6. Key Developments
12.9. LESAFFRE
12.9.1. Key Facts
12.9.2. Business Description
12.9.3. Products and Services
12.9.4. Financial Overview
12.9.5. SWOT Analysis
12.9.6. Key Developments
12.10. NOVOZYMES A/S
12.10.1. Key Facts
12.10.2. Business Description
12.10.3. Products and Services
12.10.4. Financial Overview
12.10.5. SWOT Analysis
12.10.6. Key Developments
13. APPENDIX
13.1. ABOUT THE INSIGHT PARTNERS
13.2. GLOSSARY OF TERMS
1. Bluestar Adisseo Company
2. Calpis Co., Ltd.
3. Chr. Hansen Holding A/S
4. DSM
5. DuPont de Nemours, Inc.
6. Evonik Industries AG
7. Kerry Group
8. Lallemand
9. Lesaffre
10. Novozymes A/S
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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