The Chickpea Protein Market is expected to register a CAGR of 5.4% from 2025 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.
Research on the Chickpea Protein Market comes out with an in-depth analysis of the nascent status of the sector, elaborating on trends and opportunities for growth. The report categorizes the market by type, catagory, application, and geography to enable better analysis of market dynamics and consumer preferences of different industries.
This report discusses increasing demand for plant-based protein sources, emerging from growing health awareness, changes in dietetics with the surge of vegan and vegetarian diets, and awareness towards eco-friendly food production. Based on this comprehensive insight into the market for the variants of chickpea protein-such as concentrates, isolates, and flour-its application can be identified accordingly in segments such as food and beverages, nutritional supplements, and animal feed.
Conjointly segmented further, the report is underlined by insight into various applications that detail the use of chickpea protein in snack foods, dairy alternatives, meat substitutes, and protein bars. It furthermore explores regional market trends, detailing demand and growth potential in key areas influenced by consumer preferences and regulatory environments.
The report Chickpea Protein 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.
Chickpea Protein Market Segmentation
Type:- Isolates
- Concentrates
- Flour
- Organic
- Conventional
- Food and Beverage
- Others
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Strategic Insights
Chickpea Protein Market Growth Drivers- Increasing demand for plant-based protein: The huge surge in vegetarian and vegan diets among consumers has greatly raised the need for high-quality protein alternatives.
- Heightened health consciousness: Chickpea protein is made up of a lot of essential amino acids, fiber, and vitamins, so the product also emerges as a very attractive option for health-conscious consumers.
- Increasing application of chickpea protein in various food products: Chikpeas are used in various products such as protein bars, snacks, and dairy alternatives, is another factor promoting improved growth within this segment.
- Growth in Demand for Clean Label Products: Chickpea Protein Market is expected to witness an upward graph in demand for clean label products as it progresses. Consumers are increasingly seeking transparency in food ingredients, meaning they prefer natural and minimally processed food ingredients.
- Product Development Innovations: Innovation will form the name of the game to be considered in order for the chickpea protein market to make a difference in the future.
- Rising Popularity in Functional Foods: Another long-term trend that will influence the future of the chickpea protein market is the rise of functional foods. Consumers are increasingly looking for health benefits from foods, beyond just nutrition.
- Product Diversification: Manufacturers can explore developing a range of product types: isolated proteins, textured proteins, and protein concentrates. This will lead to greater consumption in diversified industries such as snacking, beverages, and meat alternatives to reach more consumer groups.
- Partnership with Food Manufacturers: With this, suppliers and food manufacturers who want to include chickpea protein into their product can jointly collaborate. Partnerships drive innovative formulation solutions that enhance the nutrition and appeal of products. Such collaboration will also ensure a company meets the growing demand for plant-based and functional foods.
- Focus on Clean Label Products: With the demand for clean label products increasing, the trend of vendors can be that of positioning chickpea protein as a natural and minimally processed ingredient.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Chickpea Protein 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 Chickpea Protein 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
This text is related
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
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.
The key players in chickpea protein market are - AGT Food and Ingredients, ADM, Batory Foods, Cambridge Commodities Ltd, Chick P, Chickplease, Ingredion Inc, InnovoPro, Nutraonly, Xi'an Nutritions Inc
The market is expected to register a CAGR of 5.4% during 2023-2031
Chikpea protein market growth drivers include demand for plant-based proteins, health awareness, eco-friendliness, value addition to various food products, and newer ways of food technology that place the Chickpea Protein Market in a bright position to advance well beyond the forecasts.
Clean label trends, product innovation, popularity of functional foods, sustainability, and emerging market penetration will mark the future trends of the Chickpea Protein Market.
The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Chickpea Protein Market - By Type
1.3.2 Chickpea Protein Market - By Category
1.3.3 Chickpea Protein Market - By Application
1.3.4 Chickpea Protein Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. CHICKPEA PROTEIN 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. CHICKPEA PROTEIN 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. CHICKPEA PROTEIN MARKET - GLOBAL MARKET ANALYSIS
6.1. CHICKPEA PROTEIN - GLOBAL MARKET OVERVIEW
6.2. CHICKPEA PROTEIN - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. CHICKPEA PROTEIN MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. ISOLATES
7.3.1. Overview
7.3.2. Isolates Market Forecast and Analysis
7.4. CONCENTRATES
7.4.1. Overview
7.4.2. Concentrates Market Forecast and Analysis
7.5. FLOUR
7.5.1. Overview
7.5.2. Flour Market Forecast and Analysis
8. CHICKPEA PROTEIN MARKET - REVENUE AND FORECASTS TO 2028 - CATEGORY
8.1. OVERVIEW
8.2. CATEGORY MARKET FORECASTS AND ANALYSIS
8.3. ORGANIC
8.3.1. Overview
8.3.2. Organic Market Forecast and Analysis
8.4. CONVENTIONAL
8.4.1. Overview
8.4.2. Conventional Market Forecast and Analysis
9. CHICKPEA PROTEIN MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
9.1. OVERVIEW
9.2. APPLICATION MARKET FORECASTS AND ANALYSIS
9.3. FOOD AND BEVERAGE
9.3.1. Overview
9.3.2. Food and Beverage Market Forecast and Analysis
9.3.3. Dairy Alternatives Market
9.3.3.1. Overview
9.3.3.2. Dairy Alternatives Market Forecast and Analysis
9.3.4. Bakery and Confectionery Market
9.3.4.1. Overview
9.3.4.2. Bakery and Confectionery Market Forecast and Analysis
9.3.5. Sweet and Savory Snacks Market
9.3.5.1. Overview
9.3.5.2. Sweet and Savory Snacks Market Forecast and Analysis
9.3.6. Infant Nutrition Market
9.3.6.1. Overview
9.3.6.2. Infant Nutrition Market Forecast and Analysis
9.3.7. Beverages Market
9.3.7.1. Overview
9.3.7.2. Beverages Market Forecast and Analysis
9.3.8. Others Market
9.3.8.1. Overview
9.3.8.2. Others Market Forecast and Analysis
9.4. OTHERS
9.4.1. Overview
9.4.2. Others Market Forecast and Analysis
10. CHICKPEA PROTEIN MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Chickpea Protein Market Overview
10.1.2 North America Chickpea Protein Market Forecasts and Analysis
10.1.3 North America Chickpea Protein Market Forecasts and Analysis - By Type
10.1.4 North America Chickpea Protein Market Forecasts and Analysis - By Category
10.1.5 North America Chickpea Protein Market Forecasts and Analysis - By Application
10.1.6 North America Chickpea Protein Market Forecasts and Analysis - By Countries
10.1.6.1 United States Chickpea Protein Market
10.1.6.1.1 United States Chickpea Protein Market by Type
10.1.6.1.2 United States Chickpea Protein Market by Category
10.1.6.1.3 United States Chickpea Protein Market by Application
10.1.6.2 Canada Chickpea Protein Market
10.1.6.2.1 Canada Chickpea Protein Market by Type
10.1.6.2.2 Canada Chickpea Protein Market by Category
10.1.6.2.3 Canada Chickpea Protein Market by Application
10.1.6.3 Mexico Chickpea Protein Market
10.1.6.3.1 Mexico Chickpea Protein Market by Type
10.1.6.3.2 Mexico Chickpea Protein Market by Category
10.1.6.3.3 Mexico Chickpea Protein Market by Application
10.2. EUROPE
10.2.1 Europe Chickpea Protein Market Overview
10.2.2 Europe Chickpea Protein Market Forecasts and Analysis
10.2.3 Europe Chickpea Protein Market Forecasts and Analysis - By Type
10.2.4 Europe Chickpea Protein Market Forecasts and Analysis - By Category
10.2.5 Europe Chickpea Protein Market Forecasts and Analysis - By Application
10.2.6 Europe Chickpea Protein Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Chickpea Protein Market
10.2.6.1.1 Germany Chickpea Protein Market by Type
10.2.6.1.2 Germany Chickpea Protein Market by Category
10.2.6.1.3 Germany Chickpea Protein Market by Application
10.2.6.2 France Chickpea Protein Market
10.2.6.2.1 France Chickpea Protein Market by Type
10.2.6.2.2 France Chickpea Protein Market by Category
10.2.6.2.3 France Chickpea Protein Market by Application
10.2.6.3 Italy Chickpea Protein Market
10.2.6.3.1 Italy Chickpea Protein Market by Type
10.2.6.3.2 Italy Chickpea Protein Market by Category
10.2.6.3.3 Italy Chickpea Protein Market by Application
10.2.6.4 United Kingdom Chickpea Protein Market
10.2.6.4.1 United Kingdom Chickpea Protein Market by Type
10.2.6.4.2 United Kingdom Chickpea Protein Market by Category
10.2.6.4.3 United Kingdom Chickpea Protein Market by Application
10.2.6.5 Russia Chickpea Protein Market
10.2.6.5.1 Russia Chickpea Protein Market by Type
10.2.6.5.2 Russia Chickpea Protein Market by Category
10.2.6.5.3 Russia Chickpea Protein Market by Application
10.2.6.6 Rest of Europe Chickpea Protein Market
10.2.6.6.1 Rest of Europe Chickpea Protein Market by Type
10.2.6.6.2 Rest of Europe Chickpea Protein Market by Category
10.2.6.6.3 Rest of Europe Chickpea Protein Market by Application
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Chickpea Protein Market Overview
10.3.2 Asia-Pacific Chickpea Protein Market Forecasts and Analysis
10.3.3 Asia-Pacific Chickpea Protein Market Forecasts and Analysis - By Type
10.3.4 Asia-Pacific Chickpea Protein Market Forecasts and Analysis - By Category
10.3.5 Asia-Pacific Chickpea Protein Market Forecasts and Analysis - By Application
10.3.6 Asia-Pacific Chickpea Protein Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Chickpea Protein Market
10.3.6.1.1 Australia Chickpea Protein Market by Type
10.3.6.1.2 Australia Chickpea Protein Market by Category
10.3.6.1.3 Australia Chickpea Protein Market by Application
10.3.6.2 China Chickpea Protein Market
10.3.6.2.1 China Chickpea Protein Market by Type
10.3.6.2.2 China Chickpea Protein Market by Category
10.3.6.2.3 China Chickpea Protein Market by Application
10.3.6.3 India Chickpea Protein Market
10.3.6.3.1 India Chickpea Protein Market by Type
10.3.6.3.2 India Chickpea Protein Market by Category
10.3.6.3.3 India Chickpea Protein Market by Application
10.3.6.4 Japan Chickpea Protein Market
10.3.6.4.1 Japan Chickpea Protein Market by Type
10.3.6.4.2 Japan Chickpea Protein Market by Category
10.3.6.4.3 Japan Chickpea Protein Market by Application
10.3.6.5 South Korea Chickpea Protein Market
10.3.6.5.1 South Korea Chickpea Protein Market by Type
10.3.6.5.2 South Korea Chickpea Protein Market by Category
10.3.6.5.3 South Korea Chickpea Protein Market by Application
10.3.6.6 Rest of Asia-Pacific Chickpea Protein Market
10.3.6.6.1 Rest of Asia-Pacific Chickpea Protein Market by Type
10.3.6.6.2 Rest of Asia-Pacific Chickpea Protein Market by Category
10.3.6.6.3 Rest of Asia-Pacific Chickpea Protein Market by Application
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Chickpea Protein Market Overview
10.4.2 Middle East and Africa Chickpea Protein Market Forecasts and Analysis
10.4.3 Middle East and Africa Chickpea Protein Market Forecasts and Analysis - By Type
10.4.4 Middle East and Africa Chickpea Protein Market Forecasts and Analysis - By Category
10.4.5 Middle East and Africa Chickpea Protein Market Forecasts and Analysis - By Application
10.4.6 Middle East and Africa Chickpea Protein Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Chickpea Protein Market
10.4.6.1.1 South Africa Chickpea Protein Market by Type
10.4.6.1.2 South Africa Chickpea Protein Market by Category
10.4.6.1.3 South Africa Chickpea Protein Market by Application
10.4.6.2 Saudi Arabia Chickpea Protein Market
10.4.6.2.1 Saudi Arabia Chickpea Protein Market by Type
10.4.6.2.2 Saudi Arabia Chickpea Protein Market by Category
10.4.6.2.3 Saudi Arabia Chickpea Protein Market by Application
10.4.6.3 U.A.E Chickpea Protein Market
10.4.6.3.1 U.A.E Chickpea Protein Market by Type
10.4.6.3.2 U.A.E Chickpea Protein Market by Category
10.4.6.3.3 U.A.E Chickpea Protein Market by Application
10.4.6.4 Rest of Middle East and Africa Chickpea Protein Market
10.4.6.4.1 Rest of Middle East and Africa Chickpea Protein Market by Type
10.4.6.4.2 Rest of Middle East and Africa Chickpea Protein Market by Category
10.4.6.4.3 Rest of Middle East and Africa Chickpea Protein Market by Application
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Chickpea Protein Market Overview
10.5.2 South and Central America Chickpea Protein Market Forecasts and Analysis
10.5.3 South and Central America Chickpea Protein Market Forecasts and Analysis - By Type
10.5.4 South and Central America Chickpea Protein Market Forecasts and Analysis - By Category
10.5.5 South and Central America Chickpea Protein Market Forecasts and Analysis - By Application
10.5.6 South and Central America Chickpea Protein Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Chickpea Protein Market
10.5.6.1.1 Brazil Chickpea Protein Market by Type
10.5.6.1.2 Brazil Chickpea Protein Market by Category
10.5.6.1.3 Brazil Chickpea Protein Market by Application
10.5.6.2 Argentina Chickpea Protein Market
10.5.6.2.1 Argentina Chickpea Protein Market by Type
10.5.6.2.2 Argentina Chickpea Protein Market by Category
10.5.6.2.3 Argentina Chickpea Protein Market by Application
10.5.6.3 Rest of South and Central America Chickpea Protein Market
10.5.6.3.1 Rest of South and Central America Chickpea Protein Market by Type
10.5.6.3.2 Rest of South and Central America Chickpea Protein Market by Category
10.5.6.3.3 Rest of South and Central America Chickpea Protein 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. CHICKPEA PROTEIN MARKET, KEY COMPANY PROFILES
12.1. AGT FOOD AND INGREDIENTS
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. ADM
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. BATORY FOODS
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. CAMBRIDGE COMMODITIES LTD
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. CHICK.P
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. CHICKPLEASE
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. INGREDION 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. INNOVOPRO
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. NUTRAONLY (XI'AN) NUTRITIONS INC
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. PLT HEALTH SOLUTIONS
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. ATURA PROTEINS
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. ARTESA (NUTRIATI)
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. INTERNATIONAL FLAVORS AND FRAGRANCES INC.
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. PURIS FOODS
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. A AND B INGREDIENTS
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. AXIOM FOODS INC
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. SOTEXPRO
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. THE GREEN LABS LLC
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. KERRY
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. ROUQUETTE FRERES
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. AGT Food and Ingredients
2. ADM
3. Batory Foods
4. Cambridge Commodities Ltd
5. Chick.P
6. Chickplease
7. Ingredion Inc
8. InnovoPro
9. Nutraonly (Xi'an) Nutritions Inc
10. PLT Health Solutions
11. Atura Proteins
12. Artesa (Nutriati)
13. International Flavors and Fragrances Inc.
14. Puris Foods
15. A and B Ingredients
16. Axiom Foods Inc
17. SotexPro
18. The Green Labs LLC
19. Kerry
20.Rouquette Freres
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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