Canned Beans Market [2021-2031] - Size, Share, and Analysis
The Canned Beans Market is expected to register a CAGR of 10.50% from 2024 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.
The Canned Beans market research report is segmented by type into the following subsegments: Navy Beans, Kidney Beans, Garbanzo Beans, and Pinto Beans. The report further provides an analysis based on category, i.e., Conventional and Organic, and distribution channel, i.e., Supermarkets and Hypermarkets, Convenience Stores, and Online Retail. The global analysis is broken down at the regional level and major countries. The market evaluation is presented in US$ for the above segmental analysis.
Purpose of the ReportThe report Canned Beans 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.
Canned Beans Market Segmentation
Type- Navy Beans
- Kidney Beans
- Garbanzo Beans
- Pinto Beans
- Conventional
- Organic
- Supermarkets and Hypermarkets
- Convenience Stores
- Online Retail
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Strategic Insights
Canned Beans Market Growth Drivers- Plant-Based Diets and Veganism: The growing trend towards plant-based diets and veganism is creating significant demand for beans as a rich source of protein and fiber.
- Health Benefits of Beans: Increased awareness of beans' nutritional value, including their cholesterol-reducing and digestive health benefits, is contributing to market growth.
- Convenience and Meal Prep: The rising demand for easy, healthy food options and the growing trend of meal prepping are driving the popularity of canned beans as a ready-to-use solution.
- Growth in Foodservice: The rapid expansion of the foodservice sector, especially in quick-service restaurants and institutions, presents new opportunities for canned beans as a versatile and cost-effective ingredient.
- Demand for Organic and Sustainably Sourced Beans: Rising environmental concerns and health awareness will drive demand for organic and sustainably sourced canned beans.
- Eco-Friendly Packaging Solutions: Pressure from eco-conscious consumers will increase the adoption of innovative packaging solutions like retort pouches and recyclable cans.
- Value-Added Products: The growth of flavored and seasoned canned beans, offering customization to suit diverse culinary tastes, will contribute to market expansion.
- Technological Innovations: The use of technologies like blockchain for traceability and AI-powered recipe suggestions will enhance consumer experience and further fuel market growth.
- Demand for Plant-Based Protein and Sustainability: The increasing demand for plant-based protein and sustainable food sources offers a strong opportunity for canned beans to be marketed as both healthy and environmentally friendly.
- Expansion in Emerging Markets: The Asia-Pacific region, with its growing urbanization and rising disposable incomes, presents significant growth potential for canned beans as consumers seek convenient, nutritious food options.
- New Product Lines: Developing new product offerings, such as flavored and seasoned beans, will attract a wider consumer base and cater to diverse culinary preferences.
- Partnerships with Foodservice Providers and Retailers: Collaborating with foodservice providers and retailers to promote canned beans as versatile meal ingredients will further increase market demand.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Canned Beans 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 Canned Beans 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
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- 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
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to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
The leading plyers are: American Garden, BandG Foods, Inc., Bonduelle, Bush Brothers and Company, ConAgra Foods, Inc., Del Monte Foods, Epicure, Grandma Brown's Beans Inc., The H. J. Heinz Company, Windmill Organics Limited
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.
Growth in canned beans is likely to be high, along with the demand drivers of the market: A demand for organic and sustainable source products--a push for health and environmental concerns. There is a growth in plant-based diets and flexitarianism, where protein-rich, versatile food products, such as canned beans, are in demand. More importantly, advancement in packaging solutions such as retort pouches and recyclable cans will make it an attractive value proposition for the environmentally conscious consumer.
Canned Beans Market is expected to grow at a CAGR of 10.50% between 2023-2031
Several factors mainly drive the canned beans market. Among these is an increased demand for plant-based diets and veganism, coupled with a growing number of protein-rich, yet flexible food options such as canned beans. In addition, the busy lifestyle and meal prepping trend will lead to increased demand for easy, ready-to-use products. Increased consumer health awareness and acknowledging the value of nutritional intake from beans, which are rich in fiber, protein, and crucial vitamins and minerals, further grow markets.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Canned Beans Market - By Type
1.3.2 Canned Beans Market - By Category
1.3.3 Canned Beans Market - By Distribution Channel
1.3.4 Canned Beans Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. CANNED BEANS 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. CANNED BEANS 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. CANNED BEANS MARKET - GLOBAL MARKET ANALYSIS
6.1. CANNED BEANS - GLOBAL MARKET OVERVIEW
6.2. CANNED BEANS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. CANNED BEANS MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. NAVY BEANS
7.3.1. Overview
7.3.2. Navy Beans Market Forecast and Analysis
7.4. KIDNEY BEANS
7.4.1. Overview
7.4.2. Kidney Beans Market Forecast and Analysis
7.5. GARBANZO BEANS
7.5.1. Overview
7.5.2. Garbanzo Beans Market Forecast and Analysis
7.6. PINTO BEANS
7.6.1. Overview
7.6.2. Pinto Beans Market Forecast and Analysis
7.7. OTHERS
7.7.1. Overview
7.7.2. Others Market Forecast and Analysis
8. CANNED BEANS MARKET - REVENUE AND FORECASTS TO 2028 - CATEGORY
8.1. OVERVIEW
8.2. CATEGORY MARKET FORECASTS AND ANALYSIS
8.3. CONVENTIONAL
8.3.1. Overview
8.3.2. Conventional Market Forecast and Analysis
8.4. ORGANIC
8.4.1. Overview
8.4.2. Organic Market Forecast and Analysis
9. CANNED BEANS MARKET - REVENUE AND FORECASTS TO 2028 - DISTRIBUTION CHANNEL
9.1. OVERVIEW
9.2. DISTRIBUTION CHANNEL MARKET FORECASTS AND ANALYSIS
9.3. SUPERMARKETS AND HYPERMARKETS
9.3.1. Overview
9.3.2. Supermarkets and Hypermarkets Market Forecast and Analysis
9.4. CONVENIENCE STORES
9.4.1. Overview
9.4.2. Convenience Stores Market Forecast and Analysis
9.5. ONLINE RETAIL
9.5.1. Overview
9.5.2. Online Retail Market Forecast and Analysis
9.6. OTHERS
9.6.1. Overview
9.6.2. Others Market Forecast and Analysis
10. CANNED BEANS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Canned Beans Market Overview
10.1.2 North America Canned Beans Market Forecasts and Analysis
10.1.3 North America Canned Beans Market Forecasts and Analysis - By Type
10.1.4 North America Canned Beans Market Forecasts and Analysis - By Category
10.1.5 North America Canned Beans Market Forecasts and Analysis - By Distribution Channel
10.1.6 North America Canned Beans Market Forecasts and Analysis - By Countries
10.1.6.1 United States Canned Beans Market
10.1.6.1.1 United States Canned Beans Market by Type
10.1.6.1.2 United States Canned Beans Market by Category
10.1.6.1.3 United States Canned Beans Market by Distribution Channel
10.1.6.2 Canada Canned Beans Market
10.1.6.2.1 Canada Canned Beans Market by Type
10.1.6.2.2 Canada Canned Beans Market by Category
10.1.6.2.3 Canada Canned Beans Market by Distribution Channel
10.1.6.3 Mexico Canned Beans Market
10.1.6.3.1 Mexico Canned Beans Market by Type
10.1.6.3.2 Mexico Canned Beans Market by Category
10.1.6.3.3 Mexico Canned Beans Market by Distribution Channel
10.2. EUROPE
10.2.1 Europe Canned Beans Market Overview
10.2.2 Europe Canned Beans Market Forecasts and Analysis
10.2.3 Europe Canned Beans Market Forecasts and Analysis - By Type
10.2.4 Europe Canned Beans Market Forecasts and Analysis - By Category
10.2.5 Europe Canned Beans Market Forecasts and Analysis - By Distribution Channel
10.2.6 Europe Canned Beans Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Canned Beans Market
10.2.6.1.1 Germany Canned Beans Market by Type
10.2.6.1.2 Germany Canned Beans Market by Category
10.2.6.1.3 Germany Canned Beans Market by Distribution Channel
10.2.6.2 France Canned Beans Market
10.2.6.2.1 France Canned Beans Market by Type
10.2.6.2.2 France Canned Beans Market by Category
10.2.6.2.3 France Canned Beans Market by Distribution Channel
10.2.6.3 Italy Canned Beans Market
10.2.6.3.1 Italy Canned Beans Market by Type
10.2.6.3.2 Italy Canned Beans Market by Category
10.2.6.3.3 Italy Canned Beans Market by Distribution Channel
10.2.6.4 United Kingdom Canned Beans Market
10.2.6.4.1 United Kingdom Canned Beans Market by Type
10.2.6.4.2 United Kingdom Canned Beans Market by Category
10.2.6.4.3 United Kingdom Canned Beans Market by Distribution Channel
10.2.6.5 Russia Canned Beans Market
10.2.6.5.1 Russia Canned Beans Market by Type
10.2.6.5.2 Russia Canned Beans Market by Category
10.2.6.5.3 Russia Canned Beans Market by Distribution Channel
10.2.6.6 Rest of Europe Canned Beans Market
10.2.6.6.1 Rest of Europe Canned Beans Market by Type
10.2.6.6.2 Rest of Europe Canned Beans Market by Category
10.2.6.6.3 Rest of Europe Canned Beans Market by Distribution Channel
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Canned Beans Market Overview
10.3.2 Asia-Pacific Canned Beans Market Forecasts and Analysis
10.3.3 Asia-Pacific Canned Beans Market Forecasts and Analysis - By Type
10.3.4 Asia-Pacific Canned Beans Market Forecasts and Analysis - By Category
10.3.5 Asia-Pacific Canned Beans Market Forecasts and Analysis - By Distribution Channel
10.3.6 Asia-Pacific Canned Beans Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Canned Beans Market
10.3.6.1.1 Australia Canned Beans Market by Type
10.3.6.1.2 Australia Canned Beans Market by Category
10.3.6.1.3 Australia Canned Beans Market by Distribution Channel
10.3.6.2 China Canned Beans Market
10.3.6.2.1 China Canned Beans Market by Type
10.3.6.2.2 China Canned Beans Market by Category
10.3.6.2.3 China Canned Beans Market by Distribution Channel
10.3.6.3 India Canned Beans Market
10.3.6.3.1 India Canned Beans Market by Type
10.3.6.3.2 India Canned Beans Market by Category
10.3.6.3.3 India Canned Beans Market by Distribution Channel
10.3.6.4 Japan Canned Beans Market
10.3.6.4.1 Japan Canned Beans Market by Type
10.3.6.4.2 Japan Canned Beans Market by Category
10.3.6.4.3 Japan Canned Beans Market by Distribution Channel
10.3.6.5 South Korea Canned Beans Market
10.3.6.5.1 South Korea Canned Beans Market by Type
10.3.6.5.2 South Korea Canned Beans Market by Category
10.3.6.5.3 South Korea Canned Beans Market by Distribution Channel
10.3.6.6 Rest of Asia-Pacific Canned Beans Market
10.3.6.6.1 Rest of Asia-Pacific Canned Beans Market by Type
10.3.6.6.2 Rest of Asia-Pacific Canned Beans Market by Category
10.3.6.6.3 Rest of Asia-Pacific Canned Beans Market by Distribution Channel
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Canned Beans Market Overview
10.4.2 Middle East and Africa Canned Beans Market Forecasts and Analysis
10.4.3 Middle East and Africa Canned Beans Market Forecasts and Analysis - By Type
10.4.4 Middle East and Africa Canned Beans Market Forecasts and Analysis - By Category
10.4.5 Middle East and Africa Canned Beans Market Forecasts and Analysis - By Distribution Channel
10.4.6 Middle East and Africa Canned Beans Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Canned Beans Market
10.4.6.1.1 South Africa Canned Beans Market by Type
10.4.6.1.2 South Africa Canned Beans Market by Category
10.4.6.1.3 South Africa Canned Beans Market by Distribution Channel
10.4.6.2 Saudi Arabia Canned Beans Market
10.4.6.2.1 Saudi Arabia Canned Beans Market by Type
10.4.6.2.2 Saudi Arabia Canned Beans Market by Category
10.4.6.2.3 Saudi Arabia Canned Beans Market by Distribution Channel
10.4.6.3 U.A.E Canned Beans Market
10.4.6.3.1 U.A.E Canned Beans Market by Type
10.4.6.3.2 U.A.E Canned Beans Market by Category
10.4.6.3.3 U.A.E Canned Beans Market by Distribution Channel
10.4.6.4 Rest of Middle East and Africa Canned Beans Market
10.4.6.4.1 Rest of Middle East and Africa Canned Beans Market by Type
10.4.6.4.2 Rest of Middle East and Africa Canned Beans Market by Category
10.4.6.4.3 Rest of Middle East and Africa Canned Beans Market by Distribution Channel
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Canned Beans Market Overview
10.5.2 South and Central America Canned Beans Market Forecasts and Analysis
10.5.3 South and Central America Canned Beans Market Forecasts and Analysis - By Type
10.5.4 South and Central America Canned Beans Market Forecasts and Analysis - By Category
10.5.5 South and Central America Canned Beans Market Forecasts and Analysis - By Distribution Channel
10.5.6 South and Central America Canned Beans Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Canned Beans Market
10.5.6.1.1 Brazil Canned Beans Market by Type
10.5.6.1.2 Brazil Canned Beans Market by Category
10.5.6.1.3 Brazil Canned Beans Market by Distribution Channel
10.5.6.2 Argentina Canned Beans Market
10.5.6.2.1 Argentina Canned Beans Market by Type
10.5.6.2.2 Argentina Canned Beans Market by Category
10.5.6.2.3 Argentina Canned Beans Market by Distribution Channel
10.5.6.3 Rest of South and Central America Canned Beans Market
10.5.6.3.1 Rest of South and Central America Canned Beans Market by Type
10.5.6.3.2 Rest of South and Central America Canned Beans Market by Category
10.5.6.3.3 Rest of South and Central America Canned Beans Market by Distribution Channel
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. CANNED BEANS MARKET, KEY COMPANY PROFILES
12.1. AMERICAN GARDEN
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. BANDG FOODS, INC.
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. BONDUELLE
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. BUSH BROTHERS AND COMPANY
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. CONAGRA FOODS, 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. DEL MONTE FOODS
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. EPICURE
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. GRANDMA BROWN'S BEANS INC.
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. THE H. J. HEINZ COMPANY
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. WINDMILL ORGANICS LIMITED
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. American Garden
2. BandG Foods, Inc.
3. Bonduelle
4. Bush Brothers and Company
5. ConAgra Foods, Inc.
6. Del Monte Foods
7. Epicure
8. Grandma Brown's Beans Inc.
9. The H. J. Heinz Company
10. Windmill Organics Limited
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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