Dehydrated Garlic Market Updates by 2031
Dehydrated garlic is made from fresh raw garlic after going through various stages of dehydration, and then it is dried. Dehydrated garlic is high in antioxidants and is a widely used spice in baking. It is highly nutritious and thus helps in curing various diseases such as high cholesterol, cancer, high blood pressure, heart diseases, etc. The dehydrated garlic incorporates well into any dish because it is minced into smaller pieces and imparts a garlic flavor without the texture. It is easy to store and handle as it is available in various forms such as flakes, powder, granules, and others.
MARKET DYNAMICS
Increasing health consciousness, busy lifestyle, increasing demand for ready to eat food products among consumers are some of the significant reasons that are expected to boost the demand for garlic. It has always been seen as a medicinal food which helps in maintaining various health problems. The market for frozen food is increasing, and hence the manufacturers of canned and frozen foods prefer to use food ingredients that have long shelf-life. The nutritive value of dehydrated garlic is preserved and has a higher shelf life as compared to raw garlic. Consumers prefer dehydrated garlic as it is economical and easily available, whereas the availability of fresh garlic varies from season to season, which impacts its price also.
MARKET SCOPE
The "Global Dehydrated garlic 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 the dehydrated garlic market with detailed market segmentation by form, product type, application and geography. The global dehydrated garlic market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading dehydrated garlic market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global dehydrated garlic market is segmented on the basis of form, product type, and application On the basis of form the global dehydrated garlic market is segmented into granules, flakes, powder, and others. By product type the dehydrated garlic market is classified into toasted and fried. Based on application the global dehydrated garlic market is segmented into baked goods, meat products, sauces, soups, salad dressings, 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 dehydrated garlic 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 America. The dehydrated garlic 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 the dehydrated garlic 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 America after evaluating political, economic, social and technological factors affecting the dehydrated garlic 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 dehydrated garlic 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 America. The dehydrated garlic 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 the dehydrated garlic 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 America after evaluating political, economic, social and technological factors affecting the dehydrated garlic market in these regions.
MARKET PLAYERS
The reports cover key developments in the dehydrated garlic 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 way for the expansion of business and customer base of market players. The market payers from dehydrated garlic market are anticipated to lucrative growth opportunities in the future with the rising demand for organic shrimps in the global market. Below mentioned is the list of few companies engaged in the dehydrated garlic market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the dehydrated garlic market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- V.T. Foods Pvt. Ltd
- M.N.Dehy.Foods
- Real Dehydrates Pvt Ltd
- Garlico Industries Ltd.
- Henan Sunny Foodstuff Co.Ltd.
- Jiangsu Dingneng Food
- Angsu Xinghua Hengsheng Food
- LIMING Food
- Oceanic Foods Limited
- Chiping ShengKang Foodstuff Co.,Ltd
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
- 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
1.3.1 Dehydrated Garlic Market - By Form
1.3.2 Dehydrated Garlic Market - By Product Type
1.3.3 Dehydrated Garlic Market - By Application
1.3.4 Dehydrated Garlic Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. DEHYDRATED GARLIC MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. DEHYDRATED GARLIC 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. DEHYDRATED GARLIC MARKET - GLOBAL MARKET ANALYSIS
6.1. DEHYDRATED GARLIC - GLOBAL MARKET OVERVIEW
6.2. DEHYDRATED GARLIC - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. DEHYDRATED GARLIC MARKET - REVENUE AND FORECASTS TO 2028 – FORM
7.1. OVERVIEW
7.2. FORM MARKET FORECASTS AND ANALYSIS
7.3. GRANULES
7.3.1. Overview
7.3.2. Granules Market Forecast and Analysis
7.4. FLAKES
7.4.1. Overview
7.4.2. Flakes Market Forecast and Analysis
7.5. POWDER
7.5.1. Overview
7.5.2. Powder Market Forecast and Analysis
7.6. OTHERS
7.6.1. Overview
7.6.2. Others Market Forecast and Analysis
8. DEHYDRATED GARLIC MARKET - REVENUE AND FORECASTS TO 2028 – PRODUCT TYPE
8.1. OVERVIEW
8.2. PRODUCT TYPE MARKET FORECASTS AND ANALYSIS
8.3. TOASTED
8.3.1. Overview
8.3.2. Toasted Market Forecast and Analysis
8.4. FRIED
8.4.1. Overview
8.4.2. Fried Market Forecast and Analysis
9. DEHYDRATED GARLIC MARKET - REVENUE AND FORECASTS TO 2028 – APPLICATION
9.1. OVERVIEW
9.2. APPLICATION MARKET FORECASTS AND ANALYSIS
9.3. BAKED GOODS
9.3.1. Overview
9.3.2. Baked Goods Market Forecast and Analysis
9.4. MEAT PRODUCTS
9.4.1. Overview
9.4.2. Meat Products Market Forecast and Analysis
9.5. SAUCES
9.5.1. Overview
9.5.2. Sauces Market Forecast and Analysis
9.6. SOUPS
9.6.1. Overview
9.6.2. Soups Market Forecast and Analysis
9.7. SALAD DRESSINGS
9.7.1. Overview
9.7.2. Salad Dressings Market Forecast and Analysis
9.8. OTHERS
9.8.1. Overview
9.8.2. Others Market Forecast and Analysis
10. DEHYDRATED GARLIC MARKET REVENUE AND FORECASTS TO 2028 – GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Dehydrated Garlic Market Overview
10.1.2 North America Dehydrated Garlic Market Forecasts and Analysis
10.1.3 North America Dehydrated Garlic Market Forecasts and Analysis - By Form
10.1.4 North America Dehydrated Garlic Market Forecasts and Analysis - By Product Type
10.1.5 North America Dehydrated Garlic Market Forecasts and Analysis - By Application
10.1.6 North America Dehydrated Garlic Market Forecasts and Analysis - By Countries
10.1.6.1 United States Dehydrated Garlic Market
10.1.6.1.1 United States Dehydrated Garlic Market by Form
10.1.6.1.2 United States Dehydrated Garlic Market by Product Type
10.1.6.1.3 United States Dehydrated Garlic Market by Application
10.1.6.2 Canada Dehydrated Garlic Market
10.1.6.2.1 Canada Dehydrated Garlic Market by Form
10.1.6.2.2 Canada Dehydrated Garlic Market by Product Type
10.1.6.2.3 Canada Dehydrated Garlic Market by Application
10.1.6.3 Mexico Dehydrated Garlic Market
10.1.6.3.1 Mexico Dehydrated Garlic Market by Form
10.1.6.3.2 Mexico Dehydrated Garlic Market by Product Type
10.1.6.3.3 Mexico Dehydrated Garlic Market by Application
10.2. EUROPE
10.2.1 Europe Dehydrated Garlic Market Overview
10.2.2 Europe Dehydrated Garlic Market Forecasts and Analysis
10.2.3 Europe Dehydrated Garlic Market Forecasts and Analysis - By Form
10.2.4 Europe Dehydrated Garlic Market Forecasts and Analysis - By Product Type
10.2.5 Europe Dehydrated Garlic Market Forecasts and Analysis - By Application
10.2.6 Europe Dehydrated Garlic Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Dehydrated Garlic Market
10.2.6.1.1 Germany Dehydrated Garlic Market by Form
10.2.6.1.2 Germany Dehydrated Garlic Market by Product Type
10.2.6.1.3 Germany Dehydrated Garlic Market by Application
10.2.6.2 France Dehydrated Garlic Market
10.2.6.2.1 France Dehydrated Garlic Market by Form
10.2.6.2.2 France Dehydrated Garlic Market by Product Type
10.2.6.2.3 France Dehydrated Garlic Market by Application
10.2.6.3 Italy Dehydrated Garlic Market
10.2.6.3.1 Italy Dehydrated Garlic Market by Form
10.2.6.3.2 Italy Dehydrated Garlic Market by Product Type
10.2.6.3.3 Italy Dehydrated Garlic Market by Application
10.2.6.4 Spain Dehydrated Garlic Market
10.2.6.4.1 Spain Dehydrated Garlic Market by Form
10.2.6.4.2 Spain Dehydrated Garlic Market by Product Type
10.2.6.4.3 Spain Dehydrated Garlic Market by Application
10.2.6.5 United Kingdom Dehydrated Garlic Market
10.2.6.5.1 United Kingdom Dehydrated Garlic Market by Form
10.2.6.5.2 United Kingdom Dehydrated Garlic Market by Product Type
10.2.6.5.3 United Kingdom Dehydrated Garlic Market by Application
10.2.6.6 Russia Dehydrated Garlic Market
10.2.6.6.1 Russia Dehydrated Garlic Market by Form
10.2.6.6.2 Russia Dehydrated Garlic Market by Product Type
10.2.6.6.3 Russia Dehydrated Garlic Market by Application
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Dehydrated Garlic Market Overview
10.3.2 Asia-Pacific Dehydrated Garlic Market Forecasts and Analysis
10.3.3 Asia-Pacific Dehydrated Garlic Market Forecasts and Analysis - By Form
10.3.4 Asia-Pacific Dehydrated Garlic Market Forecasts and Analysis - By Product Type
10.3.5 Asia-Pacific Dehydrated Garlic Market Forecasts and Analysis - By Application
10.3.6 Asia-Pacific Dehydrated Garlic Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Dehydrated Garlic Market
10.3.6.1.1 Australia Dehydrated Garlic Market by Form
10.3.6.1.2 Australia Dehydrated Garlic Market by Product Type
10.3.6.1.3 Australia Dehydrated Garlic Market by Application
10.3.6.2 China Dehydrated Garlic Market
10.3.6.2.1 China Dehydrated Garlic Market by Form
10.3.6.2.2 China Dehydrated Garlic Market by Product Type
10.3.6.2.3 China Dehydrated Garlic Market by Application
10.3.6.3 India Dehydrated Garlic Market
10.3.6.3.1 India Dehydrated Garlic Market by Form
10.3.6.3.2 India Dehydrated Garlic Market by Product Type
10.3.6.3.3 India Dehydrated Garlic Market by Application
10.3.6.4 Japan Dehydrated Garlic Market
10.3.6.4.1 Japan Dehydrated Garlic Market by Form
10.3.6.4.2 Japan Dehydrated Garlic Market by Product Type
10.3.6.4.3 Japan Dehydrated Garlic Market by Application
10.3.6.5 Rest of Asia-Pacific Dehydrated Garlic Market
10.3.6.5.1 Rest of Asia-Pacific Dehydrated Garlic Market by Form
10.3.6.5.2 Rest of Asia-Pacific Dehydrated Garlic Market by Product Type
10.3.6.5.3 Rest of Asia-Pacific Dehydrated Garlic Market by Application
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Dehydrated Garlic Market Overview
10.4.2 Middle East and Africa Dehydrated Garlic Market Forecasts and Analysis
10.4.3 Middle East and Africa Dehydrated Garlic Market Forecasts and Analysis - By Form
10.4.4 Middle East and Africa Dehydrated Garlic Market Forecasts and Analysis - By Product Type
10.4.5 Middle East and Africa Dehydrated Garlic Market Forecasts and Analysis - By Application
10.4.6 Middle East and Africa Dehydrated Garlic Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Dehydrated Garlic Market
10.4.6.1.1 South Africa Dehydrated Garlic Market by Form
10.4.6.1.2 South Africa Dehydrated Garlic Market by Product Type
10.4.6.1.3 South Africa Dehydrated Garlic Market by Application
10.4.6.2 Saudi Arabia Dehydrated Garlic Market
10.4.6.2.1 Saudi Arabia Dehydrated Garlic Market by Form
10.4.6.2.2 Saudi Arabia Dehydrated Garlic Market by Product Type
10.4.6.2.3 Saudi Arabia Dehydrated Garlic Market by Application
10.4.6.3 U.A.E Dehydrated Garlic Market
10.4.6.3.1 U.A.E Dehydrated Garlic Market by Form
10.4.6.3.2 U.A.E Dehydrated Garlic Market by Product Type
10.4.6.3.3 U.A.E Dehydrated Garlic Market by Application
10.4.6.4 Rest of Middle East and Africa Dehydrated Garlic Market
10.4.6.4.1 Rest of Middle East and Africa Dehydrated Garlic Market by Form
10.4.6.4.2 Rest of Middle East and Africa Dehydrated Garlic Market by Product Type
10.4.6.4.3 Rest of Middle East and Africa Dehydrated Garlic Market by Application
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Dehydrated Garlic Market Overview
10.5.2 South and Central America Dehydrated Garlic Market Forecasts and Analysis
10.5.3 South and Central America Dehydrated Garlic Market Forecasts and Analysis - By Form
10.5.4 South and Central America Dehydrated Garlic Market Forecasts and Analysis - By Product Type
10.5.5 South and Central America Dehydrated Garlic Market Forecasts and Analysis - By Application
10.5.6 South and Central America Dehydrated Garlic Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Dehydrated Garlic Market
10.5.6.1.1 Brazil Dehydrated Garlic Market by Form
10.5.6.1.2 Brazil Dehydrated Garlic Market by Product Type
10.5.6.1.3 Brazil Dehydrated Garlic Market by Application
10.5.6.2 Argentina Dehydrated Garlic Market
10.5.6.2.1 Argentina Dehydrated Garlic Market by Form
10.5.6.2.2 Argentina Dehydrated Garlic Market by Product Type
10.5.6.2.3 Argentina Dehydrated Garlic Market by Application
10.5.6.3 Rest of South and Central America Dehydrated Garlic Market
10.5.6.3.1 Rest of South and Central America Dehydrated Garlic Market by Form
10.5.6.3.2 Rest of South and Central America Dehydrated Garlic Market by Product Type
10.5.6.3.3 Rest of South and Central America Dehydrated Garlic 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. DEHYDRATED GARLIC MARKET, KEY COMPANY PROFILES
12.1. ANGSU XINGHUA HENGSHENG FOOD
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. CHIPING SHENGKANG FOODSTUFF CO.,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. GARLICO INDUSTRIES LTD.
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. HENAN SUNNY FOODSTUFF CO.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. JIANGSU DINGNENG FOOD
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. LIMING FOOD
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. M.N.DEHY.FOODS
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. OCEANIC FOODS LIMITED
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. REAL DEHYDRATES PVT LTD
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. V.T. FOODS PVT. LTD
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. Angsu Xinghua Hengsheng Food
2. Chiping ShengKang Foodstuff Co.,Ltd
3. Garlico Industries Ltd.
4. Henan Sunny Foodstuff Co.Ltd.
5. Jiangsu Dingneng Food
6. LIMING Food
7. M.N.Dehy.Foods
8. Oceanic Foods Limited
9. Real Dehydrates Pvt Ltd
10. V.T. Foods Pvt. 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.
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