Cannabis Food and Beverage Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
Cannabis is a member of the Cannabaceae family of flowering plants. A cannabis edible, also known as a cannabis-infused food, is a form of food that contains cannabinoids such as tetrahydrocannabinol (THC) or cannabidiol (CBD). THC is present in most edibles made from cannabis, and it has a wide variety of health effects, including relaxation, increased appetite, euphoria, anxiety, and fatigue. Edibles infused with THC or CBD are used for both medicinal and recreational purposes. Hemp foods are foods and drinks that are made with non-psychoactive cannabis. Space cakes, pot brownies, and hash cookies are some of the most common baked goods.
MARKET SCOPE
The "Global Cannabis Based Food and Beverages Market Analysis to 2031" is a specialized and in-depth study of the food and beverages industry with a special focus on the global market trend analysis. The report aims to provide an overview of the cannabis based food and beverages market with detailed market segmentation by type and distribution channel. The report provides key statistics on the market status of the leading cannabis based food and beverages market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on type, the global cannabis based food and beverages market is segmented into baked goods & confectioneries, beverages, snacks, others.
- Based on distribution channel, the market is bifurcated into supermarkets and hypermarkets, convenience stores, online retail, and others.
MARKET DYNAMICS
Drivers
- The global cannabis food and beverage market is growing due to increased cultivation of recreational or medical cannabis in different countries and increased demand for cannabis-based wellness drinks.
- The demand for cannabis-based food and beverages is also being driven by the growing popularity of wellness drinks. Consumers' preferences are changing from soft drinks to health drinks, resulting in an increase in the selling of cannabis beverages. The market's growth is being fueled by the low sugar content of beverages.
Restraints
- On the other hand, a scarcity of high-quality cannabis restrains growth to some degree.
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 cannabis based food and beverages 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 marketduring 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 cannabis based food and beverages market in these regions.
IMPACT OF COVID-19 ON CANNABIS BASED FOOD AND BEVERAGES MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
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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 cannabis based food and beverages 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 marketduring 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 cannabis based food and beverages market in these regions.
IMPACT OF COVID-19 ON CANNABIS BASED FOOD AND BEVERAGES MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
The report covers key developments in the cannabis based food and beverages 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 marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from cannabis based food and beverages market are anticipated to lucrative growth opportunities in the future with the rising demand for cannabis based food and beverages in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the cannabis based food and beverages market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Natural Extractions,
- Dixie Brands Inc.,
- New Age Beverages Corporation,
- Coalition brewing,
- Beverages Trade Network,
- Lagunitas,
- The Supreme Cannabis Company,
- Koios Beverage Corporation
- The Alkaline Water Company.
- Coca-Cola,
- Dutch Windmill Spirits,
- Cannabis Sativa Inc.,
- Organigram Holdings Inc.
- Rocky Mountain High
- Phivida
- Cannara Biotech, Inc
- HEXO Corp
- CannTrust Holdings Inc
- Youngevity International Inc
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 Cannabis Food And Beverage Market - By Type
1.3.2 Cannabis Food And Beverage Market - By Distribution Channel
1.3.3 Cannabis Food And Beverage Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. CANNABIS FOOD AND BEVERAGE 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. CANNABIS FOOD AND BEVERAGE 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. CANNABIS FOOD AND BEVERAGE MARKET - GLOBAL MARKET ANALYSIS
6.1. CANNABIS FOOD AND BEVERAGE - GLOBAL MARKET OVERVIEW
6.2. CANNABIS FOOD AND BEVERAGE - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. CANNABIS FOOD AND BEVERAGE MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. BAKED GOODS AND CONFECTIONERIES
7.3.1. Overview
7.3.2. Baked goods and confectioneries Market Forecast and Analysis
7.4. BEVERAGES
7.4.1. Overview
7.4.2. Beverages Market Forecast and Analysis
7.5. SNACKS
7.5.1. Overview
7.5.2. Snacks Market Forecast and Analysis
7.6. OTHERS
7.6.1. Overview
7.6.2. Others Market Forecast and Analysis
8. CANNABIS FOOD AND BEVERAGE 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. CANNABIS FOOD AND BEVERAGE MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Cannabis Food And Beverage Market Overview
9.1.2 North America Cannabis Food And Beverage Market Forecasts and Analysis
9.1.3 North America Cannabis Food And Beverage Market Forecasts and Analysis - By Type
9.1.4 North America Cannabis Food And Beverage Market Forecasts and Analysis - By Distribution Channel
9.1.5 North America Cannabis Food And Beverage Market Forecasts and Analysis - By Countries
9.1.5.1 United States Cannabis Food And Beverage Market
9.1.5.1.1 United States Cannabis Food And Beverage Market by Type
9.1.5.1.2 United States Cannabis Food And Beverage Market by Distribution Channel
9.1.5.2 Canada Cannabis Food And Beverage Market
9.1.5.2.1 Canada Cannabis Food And Beverage Market by Type
9.1.5.2.2 Canada Cannabis Food And Beverage Market by Distribution Channel
9.1.5.3 Mexico Cannabis Food And Beverage Market
9.1.5.3.1 Mexico Cannabis Food And Beverage Market by Type
9.1.5.3.2 Mexico Cannabis Food And Beverage Market by Distribution Channel
9.2. EUROPE
9.2.1 Europe Cannabis Food And Beverage Market Overview
9.2.2 Europe Cannabis Food And Beverage Market Forecasts and Analysis
9.2.3 Europe Cannabis Food And Beverage Market Forecasts and Analysis - By Type
9.2.4 Europe Cannabis Food And Beverage Market Forecasts and Analysis - By Distribution Channel
9.2.5 Europe Cannabis Food And Beverage Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Cannabis Food And Beverage Market
9.2.5.1.1 Germany Cannabis Food And Beverage Market by Type
9.2.5.1.2 Germany Cannabis Food And Beverage Market by Distribution Channel
9.2.5.2 France Cannabis Food And Beverage Market
9.2.5.2.1 France Cannabis Food And Beverage Market by Type
9.2.5.2.2 France Cannabis Food And Beverage Market by Distribution Channel
9.2.5.3 Italy Cannabis Food And Beverage Market
9.2.5.3.1 Italy Cannabis Food And Beverage Market by Type
9.2.5.3.2 Italy Cannabis Food And Beverage Market by Distribution Channel
9.2.5.4 United Kingdom Cannabis Food And Beverage Market
9.2.5.4.1 United Kingdom Cannabis Food And Beverage Market by Type
9.2.5.4.2 United Kingdom Cannabis Food And Beverage Market by Distribution Channel
9.2.5.5 Russia Cannabis Food And Beverage Market
9.2.5.5.1 Russia Cannabis Food And Beverage Market by Type
9.2.5.5.2 Russia Cannabis Food And Beverage Market by Distribution Channel
9.2.5.6 Rest of Europe Cannabis Food And Beverage Market
9.2.5.6.1 Rest of Europe Cannabis Food And Beverage Market by Type
9.2.5.6.2 Rest of Europe Cannabis Food And Beverage Market by Distribution Channel
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Cannabis Food And Beverage Market Overview
9.3.2 Asia-Pacific Cannabis Food And Beverage Market Forecasts and Analysis
9.3.3 Asia-Pacific Cannabis Food And Beverage Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Cannabis Food And Beverage Market Forecasts and Analysis - By Distribution Channel
9.3.5 Asia-Pacific Cannabis Food And Beverage Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Cannabis Food And Beverage Market
9.3.5.1.1 Australia Cannabis Food And Beverage Market by Type
9.3.5.1.2 Australia Cannabis Food And Beverage Market by Distribution Channel
9.3.5.2 China Cannabis Food And Beverage Market
9.3.5.2.1 China Cannabis Food And Beverage Market by Type
9.3.5.2.2 China Cannabis Food And Beverage Market by Distribution Channel
9.3.5.3 India Cannabis Food And Beverage Market
9.3.5.3.1 India Cannabis Food And Beverage Market by Type
9.3.5.3.2 India Cannabis Food And Beverage Market by Distribution Channel
9.3.5.4 Japan Cannabis Food And Beverage Market
9.3.5.4.1 Japan Cannabis Food And Beverage Market by Type
9.3.5.4.2 Japan Cannabis Food And Beverage Market by Distribution Channel
9.3.5.5 South Korea Cannabis Food And Beverage Market
9.3.5.5.1 South Korea Cannabis Food And Beverage Market by Type
9.3.5.5.2 South Korea Cannabis Food And Beverage Market by Distribution Channel
9.3.5.6 Rest of Asia-Pacific Cannabis Food And Beverage Market
9.3.5.6.1 Rest of Asia-Pacific Cannabis Food And Beverage Market by Type
9.3.5.6.2 Rest of Asia-Pacific Cannabis Food And Beverage Market by Distribution Channel
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Cannabis Food And Beverage Market Overview
9.4.2 Middle East and Africa Cannabis Food And Beverage Market Forecasts and Analysis
9.4.3 Middle East and Africa Cannabis Food And Beverage Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Cannabis Food And Beverage Market Forecasts and Analysis - By Distribution Channel
9.4.5 Middle East and Africa Cannabis Food And Beverage Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Cannabis Food And Beverage Market
9.4.5.1.1 South Africa Cannabis Food And Beverage Market by Type
9.4.5.1.2 South Africa Cannabis Food And Beverage Market by Distribution Channel
9.4.5.2 Saudi Arabia Cannabis Food And Beverage Market
9.4.5.2.1 Saudi Arabia Cannabis Food And Beverage Market by Type
9.4.5.2.2 Saudi Arabia Cannabis Food And Beverage Market by Distribution Channel
9.4.5.3 U.A.E Cannabis Food And Beverage Market
9.4.5.3.1 U.A.E Cannabis Food And Beverage Market by Type
9.4.5.3.2 U.A.E Cannabis Food And Beverage Market by Distribution Channel
9.4.5.4 Rest of Middle East and Africa Cannabis Food And Beverage Market
9.4.5.4.1 Rest of Middle East and Africa Cannabis Food And Beverage Market by Type
9.4.5.4.2 Rest of Middle East and Africa Cannabis Food And Beverage Market by Distribution Channel
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Cannabis Food And Beverage Market Overview
9.5.2 South and Central America Cannabis Food And Beverage Market Forecasts and Analysis
9.5.3 South and Central America Cannabis Food And Beverage Market Forecasts and Analysis - By Type
9.5.4 South and Central America Cannabis Food And Beverage Market Forecasts and Analysis - By Distribution Channel
9.5.5 South and Central America Cannabis Food And Beverage Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Cannabis Food And Beverage Market
9.5.5.1.1 Brazil Cannabis Food And Beverage Market by Type
9.5.5.1.2 Brazil Cannabis Food And Beverage Market by Distribution Channel
9.5.5.2 Argentina Cannabis Food And Beverage Market
9.5.5.2.1 Argentina Cannabis Food And Beverage Market by Type
9.5.5.2.2 Argentina Cannabis Food And Beverage Market by Distribution Channel
9.5.5.3 Rest of South and Central America Cannabis Food And Beverage Market
9.5.5.3.1 Rest of South and Central America Cannabis Food And Beverage Market by Type
9.5.5.3.2 Rest of South and Central America Cannabis Food And Beverage 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. CANNABIS FOOD AND BEVERAGE MARKET, KEY COMPANY PROFILES
11.1. NATURAL EXTRACTIONS,
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. DIXIE BRANDS INC.,
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. NEW AGE BEVERAGES CORPORATIONN,
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. COALITION BREWING,
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. BEVERAGES TRADE NETWORK,
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. LAGUNITAS,
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. THE SUPREME CANNABIS COMPANY,
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. KOIOS BEVERAGE CORPORATION
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. THE ALKALINE WATER COMPANY.
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. COCA-COLA,
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
11.11. DUTCH WINDMILL SPIRITS,
11.11.1. Key Facts
11.11.2. Business Description
11.11.3. Products and Services
11.11.4. Financial Overview
11.11.5. SWOT Analysis
11.11.6. Key Developments
11.12. CANNABIS SATIVA INC.,
11.12.1. Key Facts
11.12.2. Business Description
11.12.3. Products and Services
11.12.4. Financial Overview
11.12.5. SWOT Analysis
11.12.6. Key Developments
11.13. ORGANIGRAM HOLDINGS INC.
11.13.1. Key Facts
11.13.2. Business Description
11.13.3. Products and Services
11.13.4. Financial Overview
11.13.5. SWOT Analysis
11.13.6. Key Developments
11.14. ROCKY MOUNTAIN HIGH
11.14.1. Key Facts
11.14.2. Business Description
11.14.3. Products and Services
11.14.4. Financial Overview
11.14.5. SWOT Analysis
11.14.6. Key Developments
11.15. PHIVIDA
11.15.1. Key Facts
11.15.2. Business Description
11.15.3. Products and Services
11.15.4. Financial Overview
11.15.5. SWOT Analysis
11.15.6. Key Developments
11.16. CANNARA BIOTECH, INC
11.16.1. Key Facts
11.16.2. Business Description
11.16.3. Products and Services
11.16.4. Financial Overview
11.16.5. SWOT Analysis
11.16.6. Key Developments
11.17. HEXO CORP
11.17.1. Key Facts
11.17.2. Business Description
11.17.3. Products and Services
11.17.4. Financial Overview
11.17.5. SWOT Analysis
11.17.6. Key Developments
11.18. CANNTRUST HOLDINGS INC
11.18.1. Key Facts
11.18.2. Business Description
11.18.3. Products and Services
11.18.4. Financial Overview
11.18.5. SWOT Analysis
11.18.6. Key Developments
11.19. YOUNGEVITY INTERNATIONAL INC
11.19.1. Key Facts
11.19.2. Business Description
11.19.3. Products and Services
11.19.4. Financial Overview
11.19.5. SWOT Analysis
11.19.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. Natural Extractions,
2. Dixie Brands Inc.,
3. New Age Beverages Corporationn,
4. Coalition brewing,
5. Beverages Trade Network,
6. Lagunitas,
7. The Supreme Cannabis Company,
8. Koios Beverage Corporation
9. The Alkaline Water Company.
10. Coca-Cola,
11. Dutch Windmill Spirits,
12. Cannabis Sativa Inc.,
13. Organigram Holdings Inc.
14. Rocky Mountain High
15. Phivida
16. Cannara Biotech, Inc
17. HEXO Corp
18. CannTrust Holdings Inc
19. Youngevity International Inc
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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