Baking Soda Market Key Players Analysis, and Growth Forecast by 2031

Coverage: Baking Soda Market covers analysis By Packaging Type (Cartons, Pouches, Others); Distribution Channel (Supermarkets and Hypermarkets, Convenience Stores, Online retail, Others) , and Geography (North America, Europe, Asia Pacific, and South and Central America)

  • Report Code : TIPRE00019943
  • Category : Food and Beverages
  • No. of Pages : 150
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Baking Soda Market Report, Analysis, Opportunities by 2031

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The Baking Soda Market is expected to register a CAGR of 6.3% from 2023 to 2031, with a market size expanding from US$ XX Million in 2023 to US$ XX Million by 2031.

The Baking Soda Market report covers analysis By Packaging Type (Cartons, Pouches, Others) and Distribution Channel (Supermarkets and Hypermarkets, Convenience Stores, Online retail, Others). The global analysis is further broken down at the regional level and major countries. The Report Offers the Value in USD for the above analysis and segments.

Purpose of the Report

The report Baking Soda Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:

  • Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
  • Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
  • Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.

Baking Soda Market Segmentation

Packaging Type
  • Cartons
  • Pouches
Distribution Channel
  • Supermarkets and Hypermarkets
  • Convenience Stores
  • Online retail

Strategic Insights

Baking Soda Market Growth Drivers
  • Natural Cleaner Trend Drives Demand: This trend is because baking soda is a natural cleaner that most people are trending to use instead of chemical cleaners. Application-wise, because of its many uses in cleaning, the size is impacted highly. It also aligns with the market analysis of preference for sustainability; during competitive analysis, companies have claimed baking soda as natural and safe. Strengthening this driver across multiple regions increases global market demand for green products.
  • Extensive Use in Food and Beverages Industry: Baking soda has extensive usage in the food and beverages industry, particularly in baking and the carbonation of beverages. Based on various Baking Soda Market reports, these applications drive the Baking Soda Market size significantly, since baking continues to enjoy increasing popularity across the world. The PEST analysis suggests that favorable regulations regarding food-grade ingredients are supportive of the Baking Soda Market growth. Baking soda is one of the most versatile ingredients in food preparation and preservation; hence, its demand in the market fuels competitive analysis among suppliers.
  • Health and Wellness Trend Boosts Personal Care Applications: The health and wellness trend acts as a strong driver wherein consumers increasingly want various use options in personal care. Market reports state that baking soda is gaining momentum for oral care and skin care products due to properties like gentle exfoliation and odor neutralization. Competitive analysis notes that companies innovate to exploit such applications, adding to the global market size. This also aligns with market growth across geographies focused on health and wellness, natural, and personal care.
Baking Soda Market Future Trends
  • Eco-Friendly Packaging Gains Consumer Preference: One of the current emerging trends within the baking soda market is eco-friendly packaging as the key Baking Soda Market players are looking to improve environmental awareness. According to Baking Soda Market dynamics, consumers prefer recyclable or biodegradable packaging; hence the company is developing sustainable packaging strategies. SWOT analysis has also stated that brands with eco-friendly packaging have an edge over others since the market forecast indicates sustained demand. Furthermore, the shift is concurrent with the market strategies that encourage eco-conscious consumers and thus develop brand loyalty.
  • Product Line Expansion for Multi-Use Solutions: The product line expansion by the baking soda manufacturers includes products for specific applications other than cooking, such as personal care, odor removal, and household cleaning. Market dynamics reflect that diversified products of baking soda can meet the demand for multi-use solutions arising among consumers. Key players target these niche segments to distinguish themselves from competitors and open opportunities for expanding their market share. The forecast shows that this diversification trend will keep going in the future, with brands coming up with specialized products to satisfy multifarious consumer needs.
  • E-Commerce Growth Expands Market Reach: With the rise of e-commerce and online marketing, brands of baking soda are also adopting these channels to widen their market reach. In the market dynamics, a large number of consumers have gradually started showing interest in buying household goods from online stores. Through SWOT analysis, firms with strong digital initiatives can able to achieve a more significant market share. Based on the five-year Baking Soda Market forecast, online sales will grow further, and thus for the global Baking Soda Market strategy, e-commerce will play an essential role in the marketing of baking soda.
Baking Soda Market Opportunities
  • Growth in Emerging Markets in Asia-Pacific and Latin America: However, the increasing disposable incomes of the populace and awareness related to the product are opening up a vast avenue for baking soda in emerging markets in Asia-Pacific and Latin America. Reports on the Baking Soda Market overview cite substantial untapped potential in the geographies of these regions, especially considering applications concerning personal care and household cleaning. Companies targeting these areas can increase their market share and establish a firmer foothold. Entry of North America's leading brands into these geographies also drives the growth in the industry landscape.
  • Rise in Demand for Natural Personal Care Products: Such baking soda finds wide applications in personal care products, ranging from toothpaste and deodorants to exfoliants. Competitive landscape analysis indicates that the demand for natural ingredients is on the rise, while baking soda has obtained a favorable position in the market. The market share is likely to grow in North America because of the great demand for natural personal care products. Brands positioning and leveraging baking soda's versatility for skin care and oral care stand to capture a larger share of this high-growth segment.
  • Product Innovation in Culinary Applications Drives Market Share: Another big avenue for growth is product innovation in the culinary segment. A company can differentiate its product offering by developing baking soda types focused on specialized baking applications. Baking Soda Market analysis reveals rising interest in culinary applications where precision is paramount, such as artisan breads or specialty baked goods. Companies introducing innovative formulations for home bakers and chefs have attained competitive advantages too, enabling them to build the Baking Soda Market share in North America and other significant geographic markets.

Market Report Scope

Key Selling Points

  • Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Baking Soda Market, providing a holistic landscape.
  • Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
  • Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
  • Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.

The research report on the Baking Soda Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.

REGIONAL FRAMEWORK
World Geography

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Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

This text is related
to segments covered.

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

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to country scope.

Frequently Asked Questions


What is the expected CAGR of the Baking Soda Market?

The Baking Soda Market is expected to register a CAGR of 6.3% from 2023-2031.

What are the driving factors impacting the Baking Soda Market?

The major factors impacting the Baking Soda Market are: Growing Demand for Natural Household Cleaners, Increased Application in Food and Beverage Industry, and Rising Health and Wellness Awareness

What are the future trends in the Baking Soda Market?

Key future trends in this market are - Rise in demand for natural cleaning products, Growth in health and wellness products, Use in food and cosmetics

Which are the key players in the Baking Soda Market?

Key companies in this market are: BHS Specialty Chemical Products, Cargill, Church and Dwight, Haohua Honghe Chemical, Hunan Yuhua Chemical Group, Lallemand, Lesaffre, Natural Soda, Tata Chemicals, Tosoh

What are the deliverable formats of Multi-Functional Baking Pans Attract New Consumers report?

The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request.

What are the options available for the customization of this report?

Some of the customization options available based on request are additional 3-5 company profiles and country-specific analysis of 3-5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation, as our team would review the same and check the feasibility.

TABLE OF CONTENTS

1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Baking Soda Market - By Packaging Type
1.3.2 Baking Soda Market - By Distribution Channel
1.3.3 Baking Soda Market - By Region
1.3.3.1 By Country

2. KEY TAKEAWAYS

3. RESEARCH METHODOLOGY

4. BAKING SODA MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS

5. BAKING SODA 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. BAKING SODA MARKET - GLOBAL MARKET ANALYSIS
6.1. BAKING SODA - GLOBAL MARKET OVERVIEW
6.2. BAKING SODA - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE

7. BAKING SODA MARKET - REVENUE AND FORECASTS TO 2028 - PACKAGING TYPE
7.1. OVERVIEW
7.2. PACKAGING TYPE MARKET FORECASTS AND ANALYSIS
7.3. CARTONS
7.3.1. Overview
7.3.2. Cartons Market Forecast and Analysis
7.4. POUCHES
7.4.1. Overview
7.4.2. Pouches Market Forecast and Analysis
7.5. OTHERS
7.5.1. Overview
7.5.2. Others Market Forecast and Analysis
8. BAKING SODA MARKET - REVENUE AND FORECASTS TO 2028 - DISTRIBUTION CHANNEL
8.1. OVERVIEW
8.2. DISTRIBUTION CHANNEL MARKET FORECASTS AND ANALYSIS
8.3. SUPERMARKETS AND HYPERMARKETS
8.3.1. Overview
8.3.2. Supermarkets and Hypermarkets Market Forecast and Analysis
8.4. CONVENIENCE STORES
8.4.1. Overview
8.4.2. Convenience Stores Market Forecast and Analysis
8.5. ONLINE RETAIL
8.5.1. Overview
8.5.2. Online retail Market Forecast and Analysis
8.6. OTHERS
8.6.1. Overview
8.6.2. Others Market Forecast and Analysis

9. BAKING SODA MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Baking Soda Market Overview
9.1.2 North America Baking Soda Market Forecasts and Analysis
9.1.3 North America Baking Soda Market Forecasts and Analysis - By Packaging Type
9.1.4 North America Baking Soda Market Forecasts and Analysis - By Distribution Channel
9.1.5 North America Baking Soda Market Forecasts and Analysis - By Countries
9.1.5.1 United States Baking Soda Market
9.1.5.1.1 United States Baking Soda Market by Packaging Type
9.1.5.1.2 United States Baking Soda Market by Distribution Channel
9.1.5.2 Canada Baking Soda Market
9.1.5.2.1 Canada Baking Soda Market by Packaging Type
9.1.5.2.2 Canada Baking Soda Market by Distribution Channel
9.1.5.3 Mexico Baking Soda Market
9.1.5.3.1 Mexico Baking Soda Market by Packaging Type
9.1.5.3.2 Mexico Baking Soda Market by Distribution Channel
9.2. EUROPE
9.2.1 Europe Baking Soda Market Overview
9.2.2 Europe Baking Soda Market Forecasts and Analysis
9.2.3 Europe Baking Soda Market Forecasts and Analysis - By Packaging Type
9.2.4 Europe Baking Soda Market Forecasts and Analysis - By Distribution Channel
9.2.5 Europe Baking Soda Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Baking Soda Market
9.2.5.1.1 Germany Baking Soda Market by Packaging Type
9.2.5.1.2 Germany Baking Soda Market by Distribution Channel
9.2.5.2 France Baking Soda Market
9.2.5.2.1 France Baking Soda Market by Packaging Type
9.2.5.2.2 France Baking Soda Market by Distribution Channel
9.2.5.3 Italy Baking Soda Market
9.2.5.3.1 Italy Baking Soda Market by Packaging Type
9.2.5.3.2 Italy Baking Soda Market by Distribution Channel
9.2.5.4 United Kingdom Baking Soda Market
9.2.5.4.1 United Kingdom Baking Soda Market by Packaging Type
9.2.5.4.2 United Kingdom Baking Soda Market by Distribution Channel
9.2.5.5 Russia Baking Soda Market
9.2.5.5.1 Russia Baking Soda Market by Packaging Type
9.2.5.5.2 Russia Baking Soda Market by Distribution Channel
9.2.5.6 Rest of Europe Baking Soda Market
9.2.5.6.1 Rest of Europe Baking Soda Market by Packaging Type
9.2.5.6.2 Rest of Europe Baking Soda Market by Distribution Channel
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Baking Soda Market Overview
9.3.2 Asia-Pacific Baking Soda Market Forecasts and Analysis
9.3.3 Asia-Pacific Baking Soda Market Forecasts and Analysis - By Packaging Type
9.3.4 Asia-Pacific Baking Soda Market Forecasts and Analysis - By Distribution Channel
9.3.5 Asia-Pacific Baking Soda Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Baking Soda Market
9.3.5.1.1 Australia Baking Soda Market by Packaging Type
9.3.5.1.2 Australia Baking Soda Market by Distribution Channel
9.3.5.2 China Baking Soda Market
9.3.5.2.1 China Baking Soda Market by Packaging Type
9.3.5.2.2 China Baking Soda Market by Distribution Channel
9.3.5.3 India Baking Soda Market
9.3.5.3.1 India Baking Soda Market by Packaging Type
9.3.5.3.2 India Baking Soda Market by Distribution Channel
9.3.5.4 Japan Baking Soda Market
9.3.5.4.1 Japan Baking Soda Market by Packaging Type
9.3.5.4.2 Japan Baking Soda Market by Distribution Channel
9.3.5.5 South Korea Baking Soda Market
9.3.5.5.1 South Korea Baking Soda Market by Packaging Type
9.3.5.5.2 South Korea Baking Soda Market by Distribution Channel
9.3.5.6 Rest of Asia-Pacific Baking Soda Market
9.3.5.6.1 Rest of Asia-Pacific Baking Soda Market by Packaging Type
9.3.5.6.2 Rest of Asia-Pacific Baking Soda Market by Distribution Channel
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Baking Soda Market Overview
9.4.2 Middle East and Africa Baking Soda Market Forecasts and Analysis
9.4.3 Middle East and Africa Baking Soda Market Forecasts and Analysis - By Packaging Type
9.4.4 Middle East and Africa Baking Soda Market Forecasts and Analysis - By Distribution Channel
9.4.5 Middle East and Africa Baking Soda Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Baking Soda Market
9.4.5.1.1 South Africa Baking Soda Market by Packaging Type
9.4.5.1.2 South Africa Baking Soda Market by Distribution Channel
9.4.5.2 Saudi Arabia Baking Soda Market
9.4.5.2.1 Saudi Arabia Baking Soda Market by Packaging Type
9.4.5.2.2 Saudi Arabia Baking Soda Market by Distribution Channel
9.4.5.3 U.A.E Baking Soda Market
9.4.5.3.1 U.A.E Baking Soda Market by Packaging Type
9.4.5.3.2 U.A.E Baking Soda Market by Distribution Channel
9.4.5.4 Rest of Middle East and Africa Baking Soda Market
9.4.5.4.1 Rest of Middle East and Africa Baking Soda Market by Packaging Type
9.4.5.4.2 Rest of Middle East and Africa Baking Soda Market by Distribution Channel
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Baking Soda Market Overview
9.5.2 South and Central America Baking Soda Market Forecasts and Analysis
9.5.3 South and Central America Baking Soda Market Forecasts and Analysis - By Packaging Type
9.5.4 South and Central America Baking Soda Market Forecasts and Analysis - By Distribution Channel
9.5.5 South and Central America Baking Soda Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Baking Soda Market
9.5.5.1.1 Brazil Baking Soda Market by Packaging Type
9.5.5.1.2 Brazil Baking Soda Market by Distribution Channel
9.5.5.2 Argentina Baking Soda Market
9.5.5.2.1 Argentina Baking Soda Market by Packaging Type
9.5.5.2.2 Argentina Baking Soda Market by Distribution Channel
9.5.5.3 Rest of South and Central America Baking Soda Market
9.5.5.3.1 Rest of South and Central America Baking Soda Market by Packaging Type
9.5.5.3.2 Rest of South and Central America Baking Soda Market by Distribution Channel

10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS

11. BAKING SODA MARKET, KEY COMPANY PROFILES
11.1. BHS SPECIALTY CHEMICAL PRODUCTS
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. CARGILL
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. CHURCH AND DWIGHT
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. HAOHUA HONGHE CHEMICAL
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. HUNAN YUHUA CHEMICAL GROUP
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. LALLEMAND
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. LESAFFRE
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. NATURAL SODA
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. TATA CHEMICALS
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. TOSOH
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments

12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
The List of Companies

1. BHS Specialty Chemical Products
2. Cargill
3. Church and Dwight
4. Haohua Honghe Chemical
5. Hunan Yuhua Chemical Group
6. Lallemand
7. Lesaffre
8. Natural Soda
9. Tata Chemicals
10. Tosoh

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. 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.

  1. 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:

Research Methodology

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.

  1. 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.

  1. 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.

Your data will never be shared with third parties, however, we may send you information from time to time about our products that may be of interest to you. By submitting your details, you agree to be contacted by us. You may contact us at any time to opt-out.

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