CBD Infused Edibles Market Trends, Size and Forecast (2021-2031)
The CBD Infused Edibles Market is expected to register a CAGR of 22.5% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.
The CBD Infused Edibles market research report is segmented by product into the following subsegments: Chocolates, Baked Goods/Brownies, Bars, and Gummies and Candies. The report further provides an analysis based on type, i.e., Sugar-Free and Conventional Products. 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 CBD Infused Edibles 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.
CBD Infused Edibles Market Segmentation
Product- Chocolates
- Baked Goods/ Brownies
- Bars
- Gummies and Candies
- Sugar-Free
- Conventional Products
- Supermarkets and Hypermarkets
- Convenience Stores
- Online Retail
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Strategic Insights
CBD Infused Edibles Market Growth Drivers- Convenience and Discretion: The convenience and discretion associated with consuming CBD edibles make them attractive to a broader consumer base.
- Variety and Innovation in CBD Edibles: The growing availability of innovative, great-tasting CBD edibles—ranging from gummies to chocolates and beverages—further fuels market expansion.
- Popularity of CBD-Infused Foods and Beverages: The rapidly growing popularity of CBD-infused food and beverage products is a key growth driver as consumers seek new functional foods and beverages.
- CBD in Functional Food and Beverages: The trend for products that deliver both taste and health benefits is driving CBD's increasing presence in functional foods and beverages, boosting market growth.
- Demand for Product Quality and Transparency: The need for high-quality CBD products with accurate labeling, lab-test certification, and clear dosing information is contributing to the market's rapid growth, especially in new regions.
- Rigorous Quality Control and Testing: Manufacturers' investment in stringent quality control measures, including third-party testing, ensures the safety and effectiveness of CBD products, supporting market expansion.
- Personalized Nutrition and Wellness: Advances in personalized health and nutrition, driven by genetic testing and data, create opportunities for tailored CBD products designed to meet individual preferences and health requirements.
- Opportunities for Innovation and Adaptation: The CBD Infused Edibles market offers substantial growth potential for businesses that innovate, adapt, and cater to evolving consumer needs.
- Focus on Product Quality, Consumer Education, and Regulation: For long-term success, businesses should prioritize product quality, educate consumers, and stay aligned with evolving regulations in this dynamic market.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the CBD Infused Edibles 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 CBD Infused Edibles 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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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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Frequently Asked Questions
CBD Infused Edibles Market is expected to grow at a CAGR of 22.5% between 2023-2031
Key drivers for the CBD Infused Edibles market are several. First and foremost, considerable growth has been experienced due to factors like increasing legalization of CBD across regions. Also, rising awareness among consumer groups about the health benefits of CBD, such as relief against stress, pain management, and quality sleep, have acted as fuel for demand. In addition, consumers' increasing interest in natural and alternative medicine, and particularly the advantages of discreet CBD edibles, drives market growth. The growth of CBD-infused wellness and functional food and beverage markets, as well as innovative new product development, also expanded market opportunities. The CBD Infused Edibles market will experience massive growth in the coming years, which is driven by several emergent trends.
One of the key trends is that CBD products are becoming more sophisticated, with innovation in terms of new formulations, flavors, and dosages that better meet consumer demand. Another trend has been the integration of CBD into functional food and beverage products. Consumers are looking for taste and health benefits from the same product. Tailored CBD: The rise of personalized nutrition and wellness is promoting the development of tailored CBD products, building on advances in genetic testing and personal health data. In addition, as CBD continues to gain acceptance through regulatory frameworks in different regions, new market opportunities open up, especially in Asia and South America.
The leading players of the market are: Tilray, Aurora Cannabis, Canopy Growth Corporation, HEXO Corp., The Cronos Group, Kiva Confections, Organigram Holdings Inc., The Valens Company Inc., VCC BRANDS, INDIVA, CBD Living, Zatural, Exhemplary Life, Green Thumb Industries, The Green Organic Dutchman, Neurogan, Serene Tree, CBD American Shaman, Isodiol International Inc, Sacred Leaf
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.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 CBD Infused Edibles Market - By Product
1.3.2 CBD Infused Edibles Market - By Type
1.3.3 CBD Infused Edibles Market - By Distribution Channel
1.3.4 CBD Infused Edibles Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. CBD INFUSED EDIBLES 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. CBD INFUSED EDIBLES 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. CBD INFUSED EDIBLES MARKET - GLOBAL MARKET ANALYSIS
6.1. CBD INFUSED EDIBLES - GLOBAL MARKET OVERVIEW
6.2. CBD INFUSED EDIBLES - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. CBD INFUSED EDIBLES MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT
7.1. OVERVIEW
7.2. PRODUCT MARKET FORECASTS AND ANALYSIS
7.3. CHOCOLATES
7.3.1. Overview
7.3.2. Chocolates Market Forecast and Analysis
7.4. BAKED GOODS/ BROWNIES
7.4.1. Overview
7.4.2. Baked Goods/ Brownies Market Forecast and Analysis
7.5. BARS
7.5.1. Overview
7.5.2. Bars Market Forecast and Analysis
7.6. GUMMIES AND CANDIES
7.6.1. Overview
7.6.2. Gummies and Candies Market Forecast and Analysis
7.7. OTHERS
7.7.1. Overview
7.7.2. Others Market Forecast and Analysis
8. CBD INFUSED EDIBLES MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
8.1. OVERVIEW
8.2. TYPE MARKET FORECASTS AND ANALYSIS
8.3. SUGAR-FREE
8.3.1. Overview
8.3.2. Sugar-Free Market Forecast and Analysis
8.4. CONVENTIONAL PRODUCTS
8.4.1. Overview
8.4.2. Conventional Products Market Forecast and Analysis
9. CBD INFUSED EDIBLES 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. CBD INFUSED EDIBLES MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America CBD Infused Edibles Market Overview
10.1.2 North America CBD Infused Edibles Market Forecasts and Analysis
10.1.3 North America CBD Infused Edibles Market Forecasts and Analysis - By Product
10.1.4 North America CBD Infused Edibles Market Forecasts and Analysis - By Type
10.1.5 North America CBD Infused Edibles Market Forecasts and Analysis - By Distribution Channel
10.1.6 North America CBD Infused Edibles Market Forecasts and Analysis - By Countries
10.1.6.1 United States CBD Infused Edibles Market
10.1.6.1.1 United States CBD Infused Edibles Market by Product
10.1.6.1.2 United States CBD Infused Edibles Market by Type
10.1.6.1.3 United States CBD Infused Edibles Market by Distribution Channel
10.1.6.2 Canada CBD Infused Edibles Market
10.1.6.2.1 Canada CBD Infused Edibles Market by Product
10.1.6.2.2 Canada CBD Infused Edibles Market by Type
10.1.6.2.3 Canada CBD Infused Edibles Market by Distribution Channel
10.1.6.3 Mexico CBD Infused Edibles Market
10.1.6.3.1 Mexico CBD Infused Edibles Market by Product
10.1.6.3.2 Mexico CBD Infused Edibles Market by Type
10.1.6.3.3 Mexico CBD Infused Edibles Market by Distribution Channel
10.2. EUROPE
10.2.1 Europe CBD Infused Edibles Market Overview
10.2.2 Europe CBD Infused Edibles Market Forecasts and Analysis
10.2.3 Europe CBD Infused Edibles Market Forecasts and Analysis - By Product
10.2.4 Europe CBD Infused Edibles Market Forecasts and Analysis - By Type
10.2.5 Europe CBD Infused Edibles Market Forecasts and Analysis - By Distribution Channel
10.2.6 Europe CBD Infused Edibles Market Forecasts and Analysis - By Countries
10.2.6.1 Germany CBD Infused Edibles Market
10.2.6.1.1 Germany CBD Infused Edibles Market by Product
10.2.6.1.2 Germany CBD Infused Edibles Market by Type
10.2.6.1.3 Germany CBD Infused Edibles Market by Distribution Channel
10.2.6.2 France CBD Infused Edibles Market
10.2.6.2.1 France CBD Infused Edibles Market by Product
10.2.6.2.2 France CBD Infused Edibles Market by Type
10.2.6.2.3 France CBD Infused Edibles Market by Distribution Channel
10.2.6.3 Italy CBD Infused Edibles Market
10.2.6.3.1 Italy CBD Infused Edibles Market by Product
10.2.6.3.2 Italy CBD Infused Edibles Market by Type
10.2.6.3.3 Italy CBD Infused Edibles Market by Distribution Channel
10.2.6.4 United Kingdom CBD Infused Edibles Market
10.2.6.4.1 United Kingdom CBD Infused Edibles Market by Product
10.2.6.4.2 United Kingdom CBD Infused Edibles Market by Type
10.2.6.4.3 United Kingdom CBD Infused Edibles Market by Distribution Channel
10.2.6.5 Russia CBD Infused Edibles Market
10.2.6.5.1 Russia CBD Infused Edibles Market by Product
10.2.6.5.2 Russia CBD Infused Edibles Market by Type
10.2.6.5.3 Russia CBD Infused Edibles Market by Distribution Channel
10.2.6.6 Rest of Europe CBD Infused Edibles Market
10.2.6.6.1 Rest of Europe CBD Infused Edibles Market by Product
10.2.6.6.2 Rest of Europe CBD Infused Edibles Market by Type
10.2.6.6.3 Rest of Europe CBD Infused Edibles Market by Distribution Channel
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific CBD Infused Edibles Market Overview
10.3.2 Asia-Pacific CBD Infused Edibles Market Forecasts and Analysis
10.3.3 Asia-Pacific CBD Infused Edibles Market Forecasts and Analysis - By Product
10.3.4 Asia-Pacific CBD Infused Edibles Market Forecasts and Analysis - By Type
10.3.5 Asia-Pacific CBD Infused Edibles Market Forecasts and Analysis - By Distribution Channel
10.3.6 Asia-Pacific CBD Infused Edibles Market Forecasts and Analysis - By Countries
10.3.6.1 Australia CBD Infused Edibles Market
10.3.6.1.1 Australia CBD Infused Edibles Market by Product
10.3.6.1.2 Australia CBD Infused Edibles Market by Type
10.3.6.1.3 Australia CBD Infused Edibles Market by Distribution Channel
10.3.6.2 China CBD Infused Edibles Market
10.3.6.2.1 China CBD Infused Edibles Market by Product
10.3.6.2.2 China CBD Infused Edibles Market by Type
10.3.6.2.3 China CBD Infused Edibles Market by Distribution Channel
10.3.6.3 India CBD Infused Edibles Market
10.3.6.3.1 India CBD Infused Edibles Market by Product
10.3.6.3.2 India CBD Infused Edibles Market by Type
10.3.6.3.3 India CBD Infused Edibles Market by Distribution Channel
10.3.6.4 Japan CBD Infused Edibles Market
10.3.6.4.1 Japan CBD Infused Edibles Market by Product
10.3.6.4.2 Japan CBD Infused Edibles Market by Type
10.3.6.4.3 Japan CBD Infused Edibles Market by Distribution Channel
10.3.6.5 South Korea CBD Infused Edibles Market
10.3.6.5.1 South Korea CBD Infused Edibles Market by Product
10.3.6.5.2 South Korea CBD Infused Edibles Market by Type
10.3.6.5.3 South Korea CBD Infused Edibles Market by Distribution Channel
10.3.6.6 Rest of Asia-Pacific CBD Infused Edibles Market
10.3.6.6.1 Rest of Asia-Pacific CBD Infused Edibles Market by Product
10.3.6.6.2 Rest of Asia-Pacific CBD Infused Edibles Market by Type
10.3.6.6.3 Rest of Asia-Pacific CBD Infused Edibles Market by Distribution Channel
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa CBD Infused Edibles Market Overview
10.4.2 Middle East and Africa CBD Infused Edibles Market Forecasts and Analysis
10.4.3 Middle East and Africa CBD Infused Edibles Market Forecasts and Analysis - By Product
10.4.4 Middle East and Africa CBD Infused Edibles Market Forecasts and Analysis - By Type
10.4.5 Middle East and Africa CBD Infused Edibles Market Forecasts and Analysis - By Distribution Channel
10.4.6 Middle East and Africa CBD Infused Edibles Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa CBD Infused Edibles Market
10.4.6.1.1 South Africa CBD Infused Edibles Market by Product
10.4.6.1.2 South Africa CBD Infused Edibles Market by Type
10.4.6.1.3 South Africa CBD Infused Edibles Market by Distribution Channel
10.4.6.2 Saudi Arabia CBD Infused Edibles Market
10.4.6.2.1 Saudi Arabia CBD Infused Edibles Market by Product
10.4.6.2.2 Saudi Arabia CBD Infused Edibles Market by Type
10.4.6.2.3 Saudi Arabia CBD Infused Edibles Market by Distribution Channel
10.4.6.3 U.A.E CBD Infused Edibles Market
10.4.6.3.1 U.A.E CBD Infused Edibles Market by Product
10.4.6.3.2 U.A.E CBD Infused Edibles Market by Type
10.4.6.3.3 U.A.E CBD Infused Edibles Market by Distribution Channel
10.4.6.4 Rest of Middle East and Africa CBD Infused Edibles Market
10.4.6.4.1 Rest of Middle East and Africa CBD Infused Edibles Market by Product
10.4.6.4.2 Rest of Middle East and Africa CBD Infused Edibles Market by Type
10.4.6.4.3 Rest of Middle East and Africa CBD Infused Edibles Market by Distribution Channel
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America CBD Infused Edibles Market Overview
10.5.2 South and Central America CBD Infused Edibles Market Forecasts and Analysis
10.5.3 South and Central America CBD Infused Edibles Market Forecasts and Analysis - By Product
10.5.4 South and Central America CBD Infused Edibles Market Forecasts and Analysis - By Type
10.5.5 South and Central America CBD Infused Edibles Market Forecasts and Analysis - By Distribution Channel
10.5.6 South and Central America CBD Infused Edibles Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil CBD Infused Edibles Market
10.5.6.1.1 Brazil CBD Infused Edibles Market by Product
10.5.6.1.2 Brazil CBD Infused Edibles Market by Type
10.5.6.1.3 Brazil CBD Infused Edibles Market by Distribution Channel
10.5.6.2 Argentina CBD Infused Edibles Market
10.5.6.2.1 Argentina CBD Infused Edibles Market by Product
10.5.6.2.2 Argentina CBD Infused Edibles Market by Type
10.5.6.2.3 Argentina CBD Infused Edibles Market by Distribution Channel
10.5.6.3 Rest of South and Central America CBD Infused Edibles Market
10.5.6.3.1 Rest of South and Central America CBD Infused Edibles Market by Product
10.5.6.3.2 Rest of South and Central America CBD Infused Edibles Market by Type
10.5.6.3.3 Rest of South and Central America CBD Infused Edibles 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. CBD INFUSED EDIBLES MARKET, KEY COMPANY PROFILES
12.1. TILRAY
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. AURORA CANNABIS
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. CANOPY GROWTH CORPORATION
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. HEXO CORP.
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. THE CRONOS GROUP
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. KIVA CONFECTIONS
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. ORGANIGRAM HOLDINGS INC.
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. THE VALENS COMPANY 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. VCC BRANDS
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. INDIVA
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
12.11. CBD LIVING
12.11.1. Key Facts
12.11.2. Business Description
12.11.3. Products and Services
12.11.4. Financial Overview
12.11.5. SWOT Analysis
12.11.6. Key Developments
12.12. ZATURAL
12.12.1. Key Facts
12.12.2. Business Description
12.12.3. Products and Services
12.12.4. Financial Overview
12.12.5. SWOT Analysis
12.12.6. Key Developments
12.13. EXHEMPLARY LIFE
12.13.1. Key Facts
12.13.2. Business Description
12.13.3. Products and Services
12.13.4. Financial Overview
12.13.5. SWOT Analysis
12.13.6. Key Developments
12.14. GREEN THUMB INDUSTRIES
12.14.1. Key Facts
12.14.2. Business Description
12.14.3. Products and Services
12.14.4. Financial Overview
12.14.5. SWOT Analysis
12.14.6. Key Developments
12.15. THE GREEN ORGANIC DUTCHMAN
12.15.1. Key Facts
12.15.2. Business Description
12.15.3. Products and Services
12.15.4. Financial Overview
12.15.5. SWOT Analysis
12.15.6. Key Developments
12.16. NEUROGAN
12.16.1. Key Facts
12.16.2. Business Description
12.16.3. Products and Services
12.16.4. Financial Overview
12.16.5. SWOT Analysis
12.16.6. Key Developments
12.17. SERENE TREE
12.17.1. Key Facts
12.17.2. Business Description
12.17.3. Products and Services
12.17.4. Financial Overview
12.17.5. SWOT Analysis
12.17.6. Key Developments
12.18. CBD AMERICAN SHAMAN
12.18.1. Key Facts
12.18.2. Business Description
12.18.3. Products and Services
12.18.4. Financial Overview
12.18.5. SWOT Analysis
12.18.6. Key Developments
12.19. ISODIOL INTERNATIONAL INC.
12.19.1. Key Facts
12.19.2. Business Description
12.19.3. Products and Services
12.19.4. Financial Overview
12.19.5. SWOT Analysis
12.19.6. Key Developments
12.20. SACRED LEAF
12.20.1. Key Facts
12.20.2. Business Description
12.20.3. Products and Services
12.20.4. Financial Overview
12.20.5. SWOT Analysis
12.20.6. Key Developments
13. APPENDIX
13.1. ABOUT THE INSIGHT PARTNERS
13.2. GLOSSARY OF TERMS
1.Tilray
2.Aurora Cannabis
3.Canopy Growth Corporation
4.HEXO Corp.
5.The Cronos Group
6.Kiva Confections
7.Organigram Holdings Inc.
8.The Valens Company Inc.
9.VCC BRANDS
10.INDIVA
11.CBD Living
12.Zatural
13.Exhemplary Life
14.Green Thumb Industries
15.The Green Organic Dutchman
16.Neurogan
17.Serene Tree
18.CBD American Shaman
19.Isodiol International Inc.
20.Sacred Leaf
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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