Beverage Stabilizers Market Dynamics 2021-2031
The beverage stabilizers market is expected to register a CAGR of 6% during 2023–2031. The shift towards eco-friendly coatings and technological advancements are likely to remain a key trend in the market.
Beverage Stabilizers Market Analysis
- The global beverage stabilizers market is projected to grow at a steady pace over the next few years, driven by rising demand for canned food and beverages, mainly from developing economies, as a result of rapidly changing lifestyles, urbanisation and the convenience that canned food offers.
- There is intense competition among key manufacturers in the market, who are focusing on product innovation and sustainability to differentiate their offerings.
- Recent trends, particularly driven by rising consumer awareness and stringent regulations pertaining to food safety and environmental impact, have made the beverage stabilizers industry more eco-friendly and BPA-free.
- The Asia-Pacific region is the most promising market with rapidly increasing industrialisation and population growth.
Beverage Stabilizers Market Overview
- Beverage stabilizerss are specialized materials applied to the interior and exterior surfaces of metal cans used for packaging food, beverages, and other products.
- Through the prevention of contamination and preservation of freshness, these coatings guarantee the food and beverages' quality and integrity.
- They also improve the product's appearance on shop shelves and shield the can from corrosion.
- The wide range of applications offers appropriate coatings for a variety of beverage alternatives, catering to varying customer preferences.
- Rising urbanization, population growth, and shifting consumer preferences towards can packaged food and beverage product, is expected to drive the market in future.
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Beverage Stabilizers Market: Strategic Insights
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Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Beverage Stabilizers Market: Strategic Insights
Shejal
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Shejal will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
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Beverage Stabilizers Market Drivers and Opportunities
Rapid growth of food and beverage industry is expected to drive the growth of the beverage stabilizers market
- The market for beverage stabilizers is anticipated to expand because to the growing demand from the food and beverage sector.
- Longer-lasting convenience food items are becoming more popular as a result of improving consumer lives, which will increase their demand in the market.
- For the long-term preservation of the food and beverage content, coatings are applied to the external and inner surfaces of food and beverage cans.
- While internal coatings offer restricted migration and heat stability, external coatings offer product information, brand information, trade names, brand logos, manufacturer information, and brand serial identification.
Growing demand in emerging markets
- As populations migrate to urban centers, lifestyle changes necessitate convenient, ready-to-eat food options, increasing demand for canned goods.
- Simultaneously, rising incomes allow consumers to afford more processed and packaged foods, further boosting can consumption.
- This trend is complemented by the robust expansion of food and beverage industries in these regions, fueled by a growing middle class, improved infrastructure, and increased foreign investment.
- Local and international companies are capitalizing on these markets, introducing a wide variety of canned products tailored to local tastes and preferences.
Beverage Stabilizers Market Report Segmentation Analysis
Key segments that contributed to the derivation of the beverage stabilizers market analysis are type and end user.
- Based on type, the beverage stabilizers market is segmented into epoxy beverage stabilizerss, acrylic beverage stabilizerss, polyester beverage stabilizerss, and others.
- Based on application, the beverage stabilizers market is segmented into food cans, beverage cans, general line cans, aerosol cans, and other.
Beverage Stabilizers Market Share Analysis by Geography
- Beverage Stabilizers Market Report comprises a detailed analysis of five major geographic regions, which includes current and historical market size and forecasts for 2021 to 2031, covering North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South & Central America.
- Each region is further sub-segmented into respective countries. This report provides analysis and forecasts of 18+ countries, covering beverage stabilizers market dynamics such as drivers, trends, and opportunities that are impacting the markets at the regional level.
- Also, the report covers Porter’s Five Forces analysis, which involves the study of major factors that influence the beverage stabilizers market in these regions.
Beverage Stabilizers Market Report Scope
Beverage Stabilizers Market News and Recent Developments
The beverage stabilizers market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the beverage stabilizers market are listed below:
- Can makers and coil coaters ramping up their bisphenol-free transition have a ready alternative in a new BPA-NI (Bisphenol A non-intent) * internal coating for beverage can ends, from AkzoNobel Packaging Coatings. (Source: Newsletter, AkzoNobel, May 2023)
- BASF extends its ecovio® portfolio for extrusion coating on paper and board by adding a certified home as well as industrial compostable grade for cold and hot food packaging. (Source: Newsletter, BASF SE, May 2023)
Beverage Stabilizers Market Report Coverage and Deliverables
The “Beverage Stabilizers Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Beverage stabilizers market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Beverage stabilizers market trends as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- Beverage stabilizers market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the beverage stabilizers market
- Detailed company profiles
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.
Frequently Asked Questions
The global beverage stabilizers market is expected to grow at a CAGR of 6% during the forecast period 2023 - 2031.
Rapid growth of food and beverage industry is expected to drive the growth of the beverage stabilizers market.
The shift towards eco-friendly coatings and technological advancements to play a significant role in the global beverage stabilizers market in the coming years.
The leading players operating in the beverage stabilizers market are Akzo Nobel N.V.; ALTANA AG; International Packaging Coatings GmbH; Kansai Paint Co., Ltd.; National Paints Factories Co. Ltd.; PPG Industries, Inc.; The Valspar Corporation; TIGER; Drylac U.S.A., Inc.; TOYOCHEM CO., LTD.; VPL Coatings GmbH & Co KG.
The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request.
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 Beverage Stabilizers Market - By Type
1.3.2 Beverage Stabilizers Market - By Function
1.3.3 Beverage Stabilizers Market - By Application
1.3.4 Beverage Stabilizers Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. BEVERAGE STABILIZERS 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. BEVERAGE STABILIZERS 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, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. BEVERAGE STABILIZERS MARKET - GLOBAL MARKET ANALYSIS
6.1. BEVERAGE STABILIZERS - GLOBAL MARKET OVERVIEW
6.2. BEVERAGE STABILIZERS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. BEVERAGE STABILIZERS MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. XANTHAN GUM
7.3.1. Overview
7.3.2. Xanthan Gum Market Forecast and Analysis
7.4. CARRAGEENAN
7.4.1. Overview
7.4.2. Carrageenan Market Forecast and Analysis
7.5. GUM ARABIC
7.5.1. Overview
7.5.2. Gum Arabic Market Forecast and Analysis
7.6. CARBOXYMETHYL CELLULOSE (CMC)
7.6.1. Overview
7.6.2. Carboxymethyl Cellulose (CMC) Market Forecast and Analysis
7.7. OTHERS
7.7.1. Overview
7.7.2. Others Market Forecast and Analysis
8. BEVERAGE STABILIZERS MARKET - REVENUE AND FORECASTS TO 2028 - FUNCTION
8.1. OVERVIEW
8.2. FUNCTION MARKET FORECASTS AND ANALYSIS
8.3. STABILIZATION
8.3.1. Overview
8.3.2. Stabilization Market Forecast and Analysis
8.4. VISCOSIFICATION
8.4.1. Overview
8.4.2. Viscosification Market Forecast and Analysis
8.5. TEXTURIZATION
8.5.1. Overview
8.5.2. Texturization Market Forecast and Analysis
8.6. OTHERS FUNCTIONS
8.6.1. Overview
8.6.2. Others Functions Market Forecast and Analysis
9. BEVERAGE STABILIZERS MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
9.1. OVERVIEW
9.2. APPLICATION MARKET FORECASTS AND ANALYSIS
9.3. FRUIT DRINKS
9.3.1. Overview
9.3.2. Fruit Drinks Market Forecast and Analysis
9.4. DAIRY PRODUCTS
9.4.1. Overview
9.4.2. Dairy Products Market Forecast and Analysis
9.5. SOFT DRINKS
9.5.1. Overview
9.5.2. Soft Drinks Market Forecast and Analysis
9.6. ALCOHOLIC BEVERAGES
9.6.1. Overview
9.6.2. Alcoholic Beverages Market Forecast and Analysis
9.7. OTHERS
9.7.1. Overview
9.7.2. Others Market Forecast and Analysis
10. BEVERAGE STABILIZERS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Beverage Stabilizers Market Overview
10.1.2 North America Beverage Stabilizers Market Forecasts and Analysis
10.1.3 North America Beverage Stabilizers Market Forecasts and Analysis - By Type
10.1.4 North America Beverage Stabilizers Market Forecasts and Analysis - By Function
10.1.5 North America Beverage Stabilizers Market Forecasts and Analysis - By Application
10.1.6 North America Beverage Stabilizers Market Forecasts and Analysis - By Countries
10.1.6.1 United States Beverage Stabilizers Market
10.1.6.1.1 United States Beverage Stabilizers Market by Type
10.1.6.1.2 United States Beverage Stabilizers Market by Function
10.1.6.1.3 United States Beverage Stabilizers Market by Application
10.1.6.2 Canada Beverage Stabilizers Market
10.1.6.2.1 Canada Beverage Stabilizers Market by Type
10.1.6.2.2 Canada Beverage Stabilizers Market by Function
10.1.6.2.3 Canada Beverage Stabilizers Market by Application
10.1.6.3 Mexico Beverage Stabilizers Market
10.1.6.3.1 Mexico Beverage Stabilizers Market by Type
10.1.6.3.2 Mexico Beverage Stabilizers Market by Function
10.1.6.3.3 Mexico Beverage Stabilizers Market by Application
10.2. EUROPE
10.2.1 Europe Beverage Stabilizers Market Overview
10.2.2 Europe Beverage Stabilizers Market Forecasts and Analysis
10.2.3 Europe Beverage Stabilizers Market Forecasts and Analysis - By Type
10.2.4 Europe Beverage Stabilizers Market Forecasts and Analysis - By Function
10.2.5 Europe Beverage Stabilizers Market Forecasts and Analysis - By Application
10.2.6 Europe Beverage Stabilizers Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Beverage Stabilizers Market
10.2.6.1.1 Germany Beverage Stabilizers Market by Type
10.2.6.1.2 Germany Beverage Stabilizers Market by Function
10.2.6.1.3 Germany Beverage Stabilizers Market by Application
10.2.6.2 France Beverage Stabilizers Market
10.2.6.2.1 France Beverage Stabilizers Market by Type
10.2.6.2.2 France Beverage Stabilizers Market by Function
10.2.6.2.3 France Beverage Stabilizers Market by Application
10.2.6.3 Italy Beverage Stabilizers Market
10.2.6.3.1 Italy Beverage Stabilizers Market by Type
10.2.6.3.2 Italy Beverage Stabilizers Market by Function
10.2.6.3.3 Italy Beverage Stabilizers Market by Application
10.2.6.4 United Kingdom Beverage Stabilizers Market
10.2.6.4.1 United Kingdom Beverage Stabilizers Market by Type
10.2.6.4.2 United Kingdom Beverage Stabilizers Market by Function
10.2.6.4.3 United Kingdom Beverage Stabilizers Market by Application
10.2.6.5 Russia Beverage Stabilizers Market
10.2.6.5.1 Russia Beverage Stabilizers Market by Type
10.2.6.5.2 Russia Beverage Stabilizers Market by Function
10.2.6.5.3 Russia Beverage Stabilizers Market by Application
10.2.6.6 Rest of Europe Beverage Stabilizers Market
10.2.6.6.1 Rest of Europe Beverage Stabilizers Market by Type
10.2.6.6.2 Rest of Europe Beverage Stabilizers Market by Function
10.2.6.6.3 Rest of Europe Beverage Stabilizers Market by Application
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Beverage Stabilizers Market Overview
10.3.2 Asia-Pacific Beverage Stabilizers Market Forecasts and Analysis
10.3.3 Asia-Pacific Beverage Stabilizers Market Forecasts and Analysis - By Type
10.3.4 Asia-Pacific Beverage Stabilizers Market Forecasts and Analysis - By Function
10.3.5 Asia-Pacific Beverage Stabilizers Market Forecasts and Analysis - By Application
10.3.6 Asia-Pacific Beverage Stabilizers Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Beverage Stabilizers Market
10.3.6.1.1 Australia Beverage Stabilizers Market by Type
10.3.6.1.2 Australia Beverage Stabilizers Market by Function
10.3.6.1.3 Australia Beverage Stabilizers Market by Application
10.3.6.2 China Beverage Stabilizers Market
10.3.6.2.1 China Beverage Stabilizers Market by Type
10.3.6.2.2 China Beverage Stabilizers Market by Function
10.3.6.2.3 China Beverage Stabilizers Market by Application
10.3.6.3 India Beverage Stabilizers Market
10.3.6.3.1 India Beverage Stabilizers Market by Type
10.3.6.3.2 India Beverage Stabilizers Market by Function
10.3.6.3.3 India Beverage Stabilizers Market by Application
10.3.6.4 Japan Beverage Stabilizers Market
10.3.6.4.1 Japan Beverage Stabilizers Market by Type
10.3.6.4.2 Japan Beverage Stabilizers Market by Function
10.3.6.4.3 Japan Beverage Stabilizers Market by Application
10.3.6.5 South Korea Beverage Stabilizers Market
10.3.6.5.1 South Korea Beverage Stabilizers Market by Type
10.3.6.5.2 South Korea Beverage Stabilizers Market by Function
10.3.6.5.3 South Korea Beverage Stabilizers Market by Application
10.3.6.6 Rest of Asia-Pacific Beverage Stabilizers Market
10.3.6.6.1 Rest of Asia-Pacific Beverage Stabilizers Market by Type
10.3.6.6.2 Rest of Asia-Pacific Beverage Stabilizers Market by Function
10.3.6.6.3 Rest of Asia-Pacific Beverage Stabilizers Market by Application
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Beverage Stabilizers Market Overview
10.4.2 Middle East and Africa Beverage Stabilizers Market Forecasts and Analysis
10.4.3 Middle East and Africa Beverage Stabilizers Market Forecasts and Analysis - By Type
10.4.4 Middle East and Africa Beverage Stabilizers Market Forecasts and Analysis - By Function
10.4.5 Middle East and Africa Beverage Stabilizers Market Forecasts and Analysis - By Application
10.4.6 Middle East and Africa Beverage Stabilizers Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Beverage Stabilizers Market
10.4.6.1.1 South Africa Beverage Stabilizers Market by Type
10.4.6.1.2 South Africa Beverage Stabilizers Market by Function
10.4.6.1.3 South Africa Beverage Stabilizers Market by Application
10.4.6.2 Saudi Arabia Beverage Stabilizers Market
10.4.6.2.1 Saudi Arabia Beverage Stabilizers Market by Type
10.4.6.2.2 Saudi Arabia Beverage Stabilizers Market by Function
10.4.6.2.3 Saudi Arabia Beverage Stabilizers Market by Application
10.4.6.3 U.A.E Beverage Stabilizers Market
10.4.6.3.1 U.A.E Beverage Stabilizers Market by Type
10.4.6.3.2 U.A.E Beverage Stabilizers Market by Function
10.4.6.3.3 U.A.E Beverage Stabilizers Market by Application
10.4.6.4 Rest of Middle East and Africa Beverage Stabilizers Market
10.4.6.4.1 Rest of Middle East and Africa Beverage Stabilizers Market by Type
10.4.6.4.2 Rest of Middle East and Africa Beverage Stabilizers Market by Function
10.4.6.4.3 Rest of Middle East and Africa Beverage Stabilizers Market by Application
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Beverage Stabilizers Market Overview
10.5.2 South and Central America Beverage Stabilizers Market Forecasts and Analysis
10.5.3 South and Central America Beverage Stabilizers Market Forecasts and Analysis - By Type
10.5.4 South and Central America Beverage Stabilizers Market Forecasts and Analysis - By Function
10.5.5 South and Central America Beverage Stabilizers Market Forecasts and Analysis - By Application
10.5.6 South and Central America Beverage Stabilizers Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Beverage Stabilizers Market
10.5.6.1.1 Brazil Beverage Stabilizers Market by Type
10.5.6.1.2 Brazil Beverage Stabilizers Market by Function
10.5.6.1.3 Brazil Beverage Stabilizers Market by Application
10.5.6.2 Argentina Beverage Stabilizers Market
10.5.6.2.1 Argentina Beverage Stabilizers Market by Type
10.5.6.2.2 Argentina Beverage Stabilizers Market by Function
10.5.6.2.3 Argentina Beverage Stabilizers Market by Application
10.5.6.3 Rest of South and Central America Beverage Stabilizers Market
10.5.6.3.1 Rest of South and Central America Beverage Stabilizers Market by Type
10.5.6.3.2 Rest of South and Central America Beverage Stabilizers Market by Function
10.5.6.3.3 Rest of South and Central America Beverage Stabilizers Market by Application
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. BEVERAGE STABILIZERS MARKET, KEY COMPANY PROFILES
12.1. ADVANCED FOOD SYSTEMS INC
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. CARGILL, INCORPORATED
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. CP KELCO U.S. INC.
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. GLANBIA NUTRITIONALS (NA), INC.
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. INGREDION INCORPORATED
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. KERRY GROUP PLC
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. NEXIRA SAS
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. PALSGAARD A/S
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. TATE AND LYLE PLC
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. THE ARCHER DANIELS MIDLAND COMPANY
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
The List of Companies
1. Advanced Food Systems Inc
2. Cargill, Incorporated
3. CP Kelco U. S. Inc.
4. Glanbia Nutritionals (NA), Inc.
5. Ingredion Incorporated
6. Kerry Group plc
7. Nexira SAS
8. Palsgaard A/S
9. Tate and Lyle PLC
10. The Archer Daniels Midland Company
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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