Corn Starch Market Growth Report and Size by 2031
The corn starch market is expected to register a CAGR of 6% during 2023–2031. The growing demand for sustainable and biodegradable products are likely to remain a key trend in the market.
Corn Starch Market Analysis
- The corn starch market is evolving at a fast pace over the forecast period. The key factors for its growth are its expanding usage in food & beverage, processed foods, paper and board and detergents.
- Driving factors of the corn starch market include the increased demand for clean-label ingredients, an increase in consumer consciousness, food and beverage industry’s trend of replacing petroleum with ethanol, and more.
- The corn starch market is in turn categorized by regions comprising of North America, Europe, Asia Pacific, South America and Middle East and Africa. North America is among the leading corn starch market owing to the US, which possess immense agricultural land for corn cultivation.
Corn Starch Market Overview
- Corn starch is also referred as maize starch which is a powder derived from the endosperm of the corn kernel; it is white, tasteless and odourless. It has countless industrial uses, both around the world and locally: in food and beverage, paper and corrugated, textiles, and others.
- Trends including the clean-label push, the rise in per-capita processed and convenience food consumption, and the move to replace petroleum with ethanol are five factors that drive the corn starch market.
- Optimism for the future of the corn starch market is also being fuelled by factors such as technological advancements, ecological initiatives and collaboration among the value chain participants.
Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Corn Starch Market: Strategic Insights
Shejal
Have a question?
Shejal will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to Analyst
Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Corn Starch Market: Strategic Insights
Shejal
Have a question?
Shejal will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to Analyst
Corn Starch Market Drivers and Opportunities
Abundance of Corn as Raw Material
- As the biggest consumer of corn starch, the US is the world's biggest market for corn starch as corn is the main raw material in the US.
- The booming corn starch industry is propelled by markets in the US and North America due to the plentiful corn available at inexpensive prices.
- Its production is also supported by the abundance of corn as the raw material which can be constantly supplied.
- Due to the presence of corn (maize) as raw material, the supply for corn starch would remain stable and at minimal price, thus increasing its market demand.
Increasing Consumption of Processed and Convenience Food
- The growing use of corn starch as a thickening and stabilizing agent in food products, as well as the growing demand for convenience food products, are bolstering the growth of the corn starch market.
- Moreover, the change in consumer lifestyle towards easy food and easy life has propelled the demand for corn starch in the food industry.
- More processed and convenience food products are consumed each year as people seek easy and convenient lifestyles, and more corn starch is required as an ingredient.
- To cater to this growing demand, corn starch is expected to see rising demand in the further processing and retail convenience foods segments in the near future.
Corn Starch Market Report Segmentation Analysis
Key segments that contributed to the derivation of the corn starch market analysis are deployment type and enterprise size.
- Based on type, the corn starch market is divided into native starch, modified starch, and others.
- On the basis of application, the market is divided into food and beverage, animal feed, pharmaceuticals, paper and pulp, and others.
Corn Starch Market Share Analysis by Geography
- Corn Starch Market Report comprises a detailed analysis of five major geographic regions, which includes current and historical market size and forecasts for 2021 to 2031, covering North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South & Central America.
- Each region is further sub-segmented into respective countries. This report provides analysis and forecasts of 18+ countries, covering corn starch market dynamics such as drivers, trends, and opportunities that are impacting the markets at the regional level.
- Also, the report covers PEST analysis, which involves the study of major factors that influence the corn starch market in these regions.
Corn Starch Market Report Scope
Corn Starch Market News and Recent Developments
The corn starch market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the corn starch market are listed below:
- Ingredion Incorporated, a leading global provider of specialty ingredient solutions to the food and beverage manufacturing industry and pioneer of clean label ingredients, today announced NOVATION Indulge 2940 starch, expanding their line of clean label texturizers with the first non-GMO functional native corn starch that provides a unique texture for gelling and co-texturizing for popular dairy and alternative dairy products and desserts. (Source: Ingredion Incorporated, Company Website, February 2024)
Corn Starch Market Report Coverage and Deliverables
The “Corn Starch Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Corn starch market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Corn starch market trends as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- Corn starch market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the corn starch market
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
The global corn starch market is expected to grow at a CAGR of 6% during the forecast period 2023 - 2031.
Abundance of corn as raw material is one of the major factors driving the corn starch market.
The growing demand for sustainable and biodegradable products is anticipated to play a significant role in the global corn starch market in the coming years.
The leading players operating in the corn starch market are Cargill Incorporated, Archer Daniels Midland Company, Ingredion Incorporated, Tate & Lyle PLC, Roquette Frères S.A., Grain Processing Corporation, Tereos SA, AGRANA Beteiligungs-AG, China Starch Holdings Limited, and HL Agro Products Pvt.
The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request.
Some of the customization options available based on request are additional 3–5 company profiles and country-specific analysis of 3–5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation, as our team would review the same and check the feasibility.
TABLE OF CONTENTS
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Corn Starch Market - By Type
1.3.2 Corn Starch Market - By Application
1.3.3 Corn Starch Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. CORN STARCH 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. CORN STARCH 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. CORN STARCH MARKET - GLOBAL MARKET ANALYSIS
6.1. CORN STARCH - GLOBAL MARKET OVERVIEW
6.2. CORN STARCH - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. CORN STARCH MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. NATIVE STARCH
7.3.1. Overview
7.3.2. Native Starch Market Forecast and Analysis
7.4. MODIFIED STARCH
7.4.1. Overview
7.4.2. Modified Starch Market Forecast and Analysis
7.5. OTHERS
7.5.1. Overview
7.5.2. Others Market Forecast and Analysis
8. CORN STARCH MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. FOOD AND BEVERAGE
8.3.1. Overview
8.3.2. Food and Beverage Market Forecast and Analysis
8.4. ANIMAL FEED
8.4.1. Overview
8.4.2. Animal Feed Market Forecast and Analysis
8.5. PHARMACEUTICALS
8.5.1. Overview
8.5.2. Pharmaceuticals Market Forecast and Analysis
8.6. PAPER AND PULP
8.6.1. Overview
8.6.2. Paper and Pulp Market Forecast and Analysis
8.7. OTHERS
8.7.1. Overview
8.7.2. Others Market Forecast and Analysis
9. CORN STARCH MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Corn Starch Market Overview
9.1.2 North America Corn Starch Market Forecasts and Analysis
9.1.3 North America Corn Starch Market Forecasts and Analysis - By Type
9.1.4 North America Corn Starch Market Forecasts and Analysis - By Application
9.1.5 North America Corn Starch Market Forecasts and Analysis - By Countries
9.1.5.1 United States Corn Starch Market
9.1.5.1.1 United States Corn Starch Market by Type
9.1.5.1.2 United States Corn Starch Market by Application
9.1.5.2 Canada Corn Starch Market
9.1.5.2.1 Canada Corn Starch Market by Type
9.1.5.2.2 Canada Corn Starch Market by Application
9.1.5.3 Mexico Corn Starch Market
9.1.5.3.1 Mexico Corn Starch Market by Type
9.1.5.3.2 Mexico Corn Starch Market by Application
9.2. EUROPE
9.2.1 Europe Corn Starch Market Overview
9.2.2 Europe Corn Starch Market Forecasts and Analysis
9.2.3 Europe Corn Starch Market Forecasts and Analysis - By Type
9.2.4 Europe Corn Starch Market Forecasts and Analysis - By Application
9.2.5 Europe Corn Starch Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Corn Starch Market
9.2.5.1.1 Germany Corn Starch Market by Type
9.2.5.1.2 Germany Corn Starch Market by Application
9.2.5.2 France Corn Starch Market
9.2.5.2.1 France Corn Starch Market by Type
9.2.5.2.2 France Corn Starch Market by Application
9.2.5.3 Italy Corn Starch Market
9.2.5.3.1 Italy Corn Starch Market by Type
9.2.5.3.2 Italy Corn Starch Market by Application
9.2.5.4 United Kingdom Corn Starch Market
9.2.5.4.1 United Kingdom Corn Starch Market by Type
9.2.5.4.2 United Kingdom Corn Starch Market by Application
9.2.5.5 Russia Corn Starch Market
9.2.5.5.1 Russia Corn Starch Market by Type
9.2.5.5.2 Russia Corn Starch Market by Application
9.2.5.6 Rest of Europe Corn Starch Market
9.2.5.6.1 Rest of Europe Corn Starch Market by Type
9.2.5.6.2 Rest of Europe Corn Starch Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Corn Starch Market Overview
9.3.2 Asia-Pacific Corn Starch Market Forecasts and Analysis
9.3.3 Asia-Pacific Corn Starch Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Corn Starch Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Corn Starch Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Corn Starch Market
9.3.5.1.1 Australia Corn Starch Market by Type
9.3.5.1.2 Australia Corn Starch Market by Application
9.3.5.2 China Corn Starch Market
9.3.5.2.1 China Corn Starch Market by Type
9.3.5.2.2 China Corn Starch Market by Application
9.3.5.3 India Corn Starch Market
9.3.5.3.1 India Corn Starch Market by Type
9.3.5.3.2 India Corn Starch Market by Application
9.3.5.4 Japan Corn Starch Market
9.3.5.4.1 Japan Corn Starch Market by Type
9.3.5.4.2 Japan Corn Starch Market by Application
9.3.5.5 South Korea Corn Starch Market
9.3.5.5.1 South Korea Corn Starch Market by Type
9.3.5.5.2 South Korea Corn Starch Market by Application
9.3.5.6 Rest of Asia-Pacific Corn Starch Market
9.3.5.6.1 Rest of Asia-Pacific Corn Starch Market by Type
9.3.5.6.2 Rest of Asia-Pacific Corn Starch Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Corn Starch Market Overview
9.4.2 Middle East and Africa Corn Starch Market Forecasts and Analysis
9.4.3 Middle East and Africa Corn Starch Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Corn Starch Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Corn Starch Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Corn Starch Market
9.4.5.1.1 South Africa Corn Starch Market by Type
9.4.5.1.2 South Africa Corn Starch Market by Application
9.4.5.2 Saudi Arabia Corn Starch Market
9.4.5.2.1 Saudi Arabia Corn Starch Market by Type
9.4.5.2.2 Saudi Arabia Corn Starch Market by Application
9.4.5.3 U.A.E Corn Starch Market
9.4.5.3.1 U.A.E Corn Starch Market by Type
9.4.5.3.2 U.A.E Corn Starch Market by Application
9.4.5.4 Rest of Middle East and Africa Corn Starch Market
9.4.5.4.1 Rest of Middle East and Africa Corn Starch Market by Type
9.4.5.4.2 Rest of Middle East and Africa Corn Starch Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Corn Starch Market Overview
9.5.2 South and Central America Corn Starch Market Forecasts and Analysis
9.5.3 South and Central America Corn Starch Market Forecasts and Analysis - By Type
9.5.4 South and Central America Corn Starch Market Forecasts and Analysis - By Application
9.5.5 South and Central America Corn Starch Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Corn Starch Market
9.5.5.1.1 Brazil Corn Starch Market by Type
9.5.5.1.2 Brazil Corn Starch Market by Application
9.5.5.2 Argentina Corn Starch Market
9.5.5.2.1 Argentina Corn Starch Market by Type
9.5.5.2.2 Argentina Corn Starch Market by Application
9.5.5.3 Rest of South and Central America Corn Starch Market
9.5.5.3.1 Rest of South and Central America Corn Starch Market by Type
9.5.5.3.2 Rest of South and Central America Corn Starch Market by Application
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. CORN STARCH MARKET, KEY COMPANY PROFILES
11.1. AJINOMOTO COMPANY INCORPORATED
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. AKZO NOBEL NV
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. ADM
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. ASSOCIATED BRITISH FOODS PLC
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. BASF SE
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. BAYER AG
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. CARGILL INCORPORATED
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. CRODA INTERNATIONAL
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. GRAIN PROCESSING CORPORATION
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. HENKEL KGAA
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. ECO AGRI LIMITED
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. ANGEL STARCH AND FOOD PVT LTD.
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. INGREDION
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. ST. LAWRENCE STARCH CO.
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. MSP STARCH PRODUCTS INC.
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. ROQUETTE FRèRES
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. MANILDRA GROUP
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. REDOX
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. BüHLER
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
11.20. THE SANWA STARCH CO., LTD.
11.20.1. Key Facts
11.20.2. Business Description
11.20.3. Products and Services
11.20.4. Financial Overview
11.20.5. SWOT Analysis
11.20.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
The List of Companies
1. Ajinomoto Company Incorporated
2. Akzo Nobel NV
3. ADM
4. Associated British Foods plc
5. BASF SE
6. Bayer AG
7. Cargill Incorporated
8. Croda international
9. Grain Processing Corporation
10. Henkel KGaA
11. Eco Agri Limited
12. ANGEL STARCH AND FOOD PVT LTD.
13. Ingredion
14. St. Lawrence Starch Co.
15. MSP Starch Products Inc.
16. Roquette Frères
17. Manildra Group
18. Redox
19. Bühler
20.The Sanwa Starch Co., Ltd.
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.
Get Free Sample For