Decorations and Inclusions Market Developments by 2031
Decorations and inclusions are forefronts of the food industry as they play an essential role in attracting consumers towards the product. Chocolate and sugar form an essential ingredient for decorative purposes. These are molded in different beautiful shapes or sprinkled upon the product to ornament them. Modern decorations and inclusions are heat and bake stable. Such products add textures to the product and complement platter. Inclusions and decorations are available in multiple flavors including toffee, fudge, popping candies, brownie pieces, sprinkles, and chocolate pieces. Fruit preparation and shaped chocolates, sauces, natural and processed nuts, pralines are in creative ways used for imparting pleasing appearance to bakery products, cakes, and desserts.
MARKET DYNAMICS
The global decorations and inclusions market is anticipated to grow in the forecast period owing to driving factors such as high demands for textured and decorated baked foods such as cakes, pastries, and cookies. Increasing demands from food service sectors and food product manufacturers further boost the growth of the decorations and inclusions market. However, stringent food safety regulations may hamper the growth of the market. Nonetheless, the growing trend of DIY cakes and small bakeries offer lucrative opportunities for the decorations and inclusions market during the forecast period.
MARKET SCOPE
The "Global Decorations and Inclusions Market Analysis to 2031" is a specialized and in-depth study of the food and beverages industry with a special focus on the global market trend analysis. The report aims to provide an overview of decorations and inclusions market with detailed market segmentation by ingredient type, end-use, and geography. The global decorations and inclusions market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading decorations and inclusions market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global decorations and inclusions market is segmented on the basis of ingredient type and end-use. On the basis of the ingredient type, the market is segmented as chocolate, sugar, dried fruits & nuts, baked pieces, and others. The market on the basis of the end-use is classified as food & beverage processing, bakeries and pastry shops, confectionery shops, restaurants and hotels, household, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global decorations and inclusions market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The decorations and inclusions market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting decorations and inclusions market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South & Central America after evaluating political, economic, social and technological factors affecting the decorations and inclusions market in these regions.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global decorations and inclusions market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The decorations and inclusions market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting decorations and inclusions market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South & Central America after evaluating political, economic, social and technological factors affecting the decorations and inclusions market in these regions.
MARKET PLAYERSThe reports cover key developments in the decorations and inclusions market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market payers from decorations and inclusions market are anticipated to lucrative growth opportunities in the future with the rising demand for decorations and inclusions in the global market. Below mentioned is the list of few companies engaged in the decorations and inclusions market.
The report also includes the profiles of key decorations and inclusions companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of the last three years, key developments in the past five years.
- Barry Callebaut AG
- Carroll Industries NZ Ltd.
- Dawn Food Products, Inc.
- Delicia BV
- Dobla B.V.
- HLR praline
- ICAM S.p.A.
- Kanegrade Ltd,
- Kerry Group plc
- Oetker Group
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1.INTRODUCTION
1.1.SCOPE OF THE STUDY
1.2.THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3.MARKET SEGMENTATION
1.3.1Decorations And Inclusions Market - By Product Type
1.3.2Decorations And Inclusions Market - By Ingredient type
1.3.3Decorations And Inclusions Market - By End-use
1.3.4Decorations And Inclusions Market - By Region
1.3.4.1By Country
2.KEY TAKEWAYS
3.RESEARCH METHODOLOGY
4.DECORATIONS AND INCLUSIONS MARKET LANDSCAPE
4.1.OVERVIEW
4.2.PEST ANALYSIS
4.2.1North America - Pest Analysis
4.2.2Europe - Pest Analysis
4.2.3Asia-Pacific - Pest Analysis
4.2.4Middle East and Africa - Pest Analysis
4.2.5South and Central America - Pest Analysis
4.3.EXPERT OPINIONS
5.DECORATIONS AND INCLUSIONS 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, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6.DECORATIONS AND INCLUSIONS MARKET - GLOBAL MARKET ANALYSIS
6.1.DECORATIONS AND INCLUSIONS - GLOBAL MARKET OVERVIEW
6.2.DECORATIONS AND INCLUSIONS - GLOBAL MARKET AND FORECAST TO 2028
6.3.MARKET POSITIONING/MARKET SHARE
7.DECORATIONS AND INCLUSIONS MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT TYPE
7.1.OVERVIEW
7.2.PRODUCT TYPE MARKET FORECASTS AND ANALYSIS
7.3.SHAPES
7.3.1.Overview
7.3.2.Shapes Market Forecast and Analysis
7.4.SPRINKLES AND INCLUSIONS
7.4.1.Overview
7.4.2.Sprinkles and Inclusions Market Forecast and Analysis
7.5.PASTES AND ICINGS
7.5.1.Overview
7.5.2.Pastes and Icings Market Forecast and Analysis
7.6.OTHERS
7.6.1.Overview
7.6.2.Others Market Forecast and Analysis
8.DECORATIONS AND INCLUSIONS MARKET - REVENUE AND FORECASTS TO 2028 - INGREDIENT TYPE
8.1.OVERVIEW
8.2.INGREDIENT TYPE MARKET FORECASTS AND ANALYSIS
8.3.CHOCOLATE
8.3.1.Overview
8.3.2.Chocolate Market Forecast and Analysis
8.4.SUGAR
8.4.1.Overview
8.4.2.Sugar Market Forecast and Analysis
8.5.DRIED FRUITS AND NUTS
8.5.1.Overview
8.5.2.Dried Fruits and Nuts Market Forecast and Analysis
8.6.BAKED PIECES
8.6.1.Overview
8.6.2.Baked Pieces Market Forecast and Analysis
8.7.OTHERS
8.7.1.Overview
8.7.2.Others Market Forecast and Analysis
9.DECORATIONS AND INCLUSIONS MARKET - REVENUE AND FORECASTS TO 2028 - END-USE
9.1.OVERVIEW
9.2.END-USE MARKET FORECASTS AND ANALYSIS
9.3.FOOD AND BEVERAGE PROCESSING
9.3.1.Overview
9.3.2.Food and Beverage Processing Market Forecast and Analysis
9.4.BAKERIES AND PASTRY SHOPS
9.4.1.Overview
9.4.2.Bakeries and Pastry Shops Market Forecast and Analysis
9.5.CONFECTIONERY SHOPS
9.5.1.Overview
9.5.2.Confectionery Shops Market Forecast and Analysis
9.6.RESTAURANTS AND HOTELS
9.6.1.Overview
9.6.2.Restaurants and Hotels Market Forecast and Analysis
9.7.HOUSEHOLD
9.7.1.Overview
9.7.2.Household Market Forecast and Analysis
9.8.OTHERS
9.8.1.Overview
9.8.2.Others Market Forecast and Analysis
10.DECORATIONS AND INCLUSIONS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1.NORTH AMERICA
10.1.1North America Decorations And Inclusions Market Overview
10.1.2North America Decorations And Inclusions Market Forecasts and Analysis
10.1.3North America Decorations And Inclusions Market Forecasts and Analysis - By Product Type
10.1.4North America Decorations And Inclusions Market Forecasts and Analysis - By Ingredient type
10.1.5North America Decorations And Inclusions Market Forecasts and Analysis - By End-use
10.1.6North America Decorations And Inclusions Market Forecasts and Analysis - By Countries
10.1.6.1United States Decorations And Inclusions Market
10.1.6.1.1United States Decorations And Inclusions Market by Product Type
10.1.6.1.2United States Decorations And Inclusions Market by Ingredient type
10.1.6.1.3United States Decorations And Inclusions Market by End-use
10.1.6.2Canada Decorations And Inclusions Market
10.1.6.2.1Canada Decorations And Inclusions Market by Product Type
10.1.6.2.2Canada Decorations And Inclusions Market by Ingredient type
10.1.6.2.3Canada Decorations And Inclusions Market by End-use
10.1.6.3Mexico Decorations And Inclusions Market
10.1.6.3.1Mexico Decorations And Inclusions Market by Product Type
10.1.6.3.2Mexico Decorations And Inclusions Market by Ingredient type
10.1.6.3.3Mexico Decorations And Inclusions Market by End-use
10.2.EUROPE
10.2.1Europe Decorations And Inclusions Market Overview
10.2.2Europe Decorations And Inclusions Market Forecasts and Analysis
10.2.3Europe Decorations And Inclusions Market Forecasts and Analysis - By Product Type
10.2.4Europe Decorations And Inclusions Market Forecasts and Analysis - By Ingredient type
10.2.5Europe Decorations And Inclusions Market Forecasts and Analysis - By End-use
10.2.6Europe Decorations And Inclusions Market Forecasts and Analysis - By Countries
10.2.6.1Germany Decorations And Inclusions Market
10.2.6.1.1Germany Decorations And Inclusions Market by Product Type
10.2.6.1.2Germany Decorations And Inclusions Market by Ingredient type
10.2.6.1.3Germany Decorations And Inclusions Market by End-use
10.2.6.2France Decorations And Inclusions Market
10.2.6.2.1France Decorations And Inclusions Market by Product Type
10.2.6.2.2France Decorations And Inclusions Market by Ingredient type
10.2.6.2.3France Decorations And Inclusions Market by End-use
10.2.6.3Italy Decorations And Inclusions Market
10.2.6.3.1Italy Decorations And Inclusions Market by Product Type
10.2.6.3.2Italy Decorations And Inclusions Market by Ingredient type
10.2.6.3.3Italy Decorations And Inclusions Market by End-use
10.2.6.4United Kingdom Decorations And Inclusions Market
10.2.6.4.1United Kingdom Decorations And Inclusions Market by Product Type
10.2.6.4.2United Kingdom Decorations And Inclusions Market by Ingredient type
10.2.6.4.3United Kingdom Decorations And Inclusions Market by End-use
10.2.6.5Russia Decorations And Inclusions Market
10.2.6.5.1Russia Decorations And Inclusions Market by Product Type
10.2.6.5.2Russia Decorations And Inclusions Market by Ingredient type
10.2.6.5.3Russia Decorations And Inclusions Market by End-use
10.2.6.6Rest of Europe Decorations And Inclusions Market
10.2.6.6.1Rest of Europe Decorations And Inclusions Market by Product Type
10.2.6.6.2Rest of Europe Decorations And Inclusions Market by Ingredient type
10.2.6.6.3Rest of Europe Decorations And Inclusions Market by End-use
10.3.ASIA-PACIFIC
10.3.1Asia-Pacific Decorations And Inclusions Market Overview
10.3.2Asia-Pacific Decorations And Inclusions Market Forecasts and Analysis
10.3.3Asia-Pacific Decorations And Inclusions Market Forecasts and Analysis - By Product Type
10.3.4Asia-Pacific Decorations And Inclusions Market Forecasts and Analysis - By Ingredient type
10.3.5Asia-Pacific Decorations And Inclusions Market Forecasts and Analysis - By End-use
10.3.6Asia-Pacific Decorations And Inclusions Market Forecasts and Analysis - By Countries
10.3.6.1Australia Decorations And Inclusions Market
10.3.6.1.1Australia Decorations And Inclusions Market by Product Type
10.3.6.1.2Australia Decorations And Inclusions Market by Ingredient type
10.3.6.1.3Australia Decorations And Inclusions Market by End-use
10.3.6.2China Decorations And Inclusions Market
10.3.6.2.1China Decorations And Inclusions Market by Product Type
10.3.6.2.2China Decorations And Inclusions Market by Ingredient type
10.3.6.2.3China Decorations And Inclusions Market by End-use
10.3.6.3India Decorations And Inclusions Market
10.3.6.3.1India Decorations And Inclusions Market by Product Type
10.3.6.3.2India Decorations And Inclusions Market by Ingredient type
10.3.6.3.3India Decorations And Inclusions Market by End-use
10.3.6.4Japan Decorations And Inclusions Market
10.3.6.4.1Japan Decorations And Inclusions Market by Product Type
10.3.6.4.2Japan Decorations And Inclusions Market by Ingredient type
10.3.6.4.3Japan Decorations And Inclusions Market by End-use
10.3.6.5South Korea Decorations And Inclusions Market
10.3.6.5.1South Korea Decorations And Inclusions Market by Product Type
10.3.6.5.2South Korea Decorations And Inclusions Market by Ingredient type
10.3.6.5.3South Korea Decorations And Inclusions Market by End-use
10.3.6.6Rest of Asia-Pacific Decorations And Inclusions Market
10.3.6.6.1Rest of Asia-Pacific Decorations And Inclusions Market by Product Type
10.3.6.6.2Rest of Asia-Pacific Decorations And Inclusions Market by Ingredient type
10.3.6.6.3Rest of Asia-Pacific Decorations And Inclusions Market by End-use
10.4.MIDDLE EAST AND AFRICA
10.4.1Middle East and Africa Decorations And Inclusions Market Overview
10.4.2Middle East and Africa Decorations And Inclusions Market Forecasts and Analysis
10.4.3Middle East and Africa Decorations And Inclusions Market Forecasts and Analysis - By Product Type
10.4.4Middle East and Africa Decorations And Inclusions Market Forecasts and Analysis - By Ingredient type
10.4.5Middle East and Africa Decorations And Inclusions Market Forecasts and Analysis - By End-use
10.4.6Middle East and Africa Decorations And Inclusions Market Forecasts and Analysis - By Countries
10.4.6.1South Africa Decorations And Inclusions Market
10.4.6.1.1South Africa Decorations And Inclusions Market by Product Type
10.4.6.1.2South Africa Decorations And Inclusions Market by Ingredient type
10.4.6.1.3South Africa Decorations And Inclusions Market by End-use
10.4.6.2Saudi Arabia Decorations And Inclusions Market
10.4.6.2.1Saudi Arabia Decorations And Inclusions Market by Product Type
10.4.6.2.2Saudi Arabia Decorations And Inclusions Market by Ingredient type
10.4.6.2.3Saudi Arabia Decorations And Inclusions Market by End-use
10.4.6.3U.A.E Decorations And Inclusions Market
10.4.6.3.1U.A.E Decorations And Inclusions Market by Product Type
10.4.6.3.2U.A.E Decorations And Inclusions Market by Ingredient type
10.4.6.3.3U.A.E Decorations And Inclusions Market by End-use
10.4.6.4Rest of Middle East and Africa Decorations And Inclusions Market
10.4.6.4.1Rest of Middle East and Africa Decorations And Inclusions Market by Product Type
10.4.6.4.2Rest of Middle East and Africa Decorations And Inclusions Market by Ingredient type
10.4.6.4.3Rest of Middle East and Africa Decorations And Inclusions Market by End-use
10.5.SOUTH AND CENTRAL AMERICA
10.5.1South and Central America Decorations And Inclusions Market Overview
10.5.2South and Central America Decorations And Inclusions Market Forecasts and Analysis
10.5.3South and Central America Decorations And Inclusions Market Forecasts and Analysis - By Product Type
10.5.4South and Central America Decorations And Inclusions Market Forecasts and Analysis - By Ingredient type
10.5.5South and Central America Decorations And Inclusions Market Forecasts and Analysis - By End-use
10.5.6South and Central America Decorations And Inclusions Market Forecasts and Analysis - By Countries
10.5.6.1Brazil Decorations And Inclusions Market
10.5.6.1.1Brazil Decorations And Inclusions Market by Product Type
10.5.6.1.2Brazil Decorations And Inclusions Market by Ingredient type
10.5.6.1.3Brazil Decorations And Inclusions Market by End-use
10.5.6.2Argentina Decorations And Inclusions Market
10.5.6.2.1Argentina Decorations And Inclusions Market by Product Type
10.5.6.2.2Argentina Decorations And Inclusions Market by Ingredient type
10.5.6.2.3Argentina Decorations And Inclusions Market by End-use
10.5.6.3Rest of South and Central America Decorations And Inclusions Market
10.5.6.3.1Rest of South and Central America Decorations And Inclusions Market by Product Type
10.5.6.3.2Rest of South and Central America Decorations And Inclusions Market by Ingredient type
10.5.6.3.3Rest of South and Central America Decorations And Inclusions Market by End-use
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.DECORATIONS AND INCLUSIONS MARKET, KEY COMPANY PROFILES
12.1.BARRY CALLEBAUT AG
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.CARROLL INDUSTRIES NZ LTD.
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.DAWN FOOD PRODUCTS, INC.
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.DELICIA BV
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.DOBLA B.V.
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.HLR PRALINE
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.ICAM S.P.A.
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.KANEGRADE LTD
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.KERRY GROUP PLC
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.OETKER GROUP
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. Barry Callebaut AG
2. Carroll Industries NZ Ltd.
3. Dawn Food Products, Inc.
4. Delicia BV
5. Dobla B. V.
6. HLR praline
7. ICAM S. p. A.
8. Kanegrade Ltd
9. Kerry Group plc
10. Oetker Group
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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