Dry Malt Products Market Developments by 2031
Malt processing is the process of converting raw grain into malt. Grains that are commonly used for producing malt are barley, wheat, rye, and others. Barley, is primarily utilized in the malting process. The moisture content in liquid malt is removed using spray drying equipment, leaving dry malt as the output. When compared to liquid malt, dry malt has a longer shelf life. Dry malt is mostly used in the food and beverage sector to manufacture beer. Moreover, dry malt is also used in pharmaceutical products, in baby food, and in animal feed products.
MARKET SCOPE
The "Global Dry Malt Products Market Analysis to 2031" is a specialized and in-depth study of the food and beverage industry with a special focus on the global market trend analysis. The report aims to provide an overview of the dry malt products market with detailed market segmentation by source, application, and geography. The report provides key statistics on the market status of the leading dry malt products market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- On the basis of source, the market is segmented into barley, wheat, rye, and others.
- On the basis of application, the market is segmented into food & beverage, pharmaceutical, animal feed, and others.
MARKET DYNAMICS
Drivers:
- Dry malt demand is being boosted by rising beer and alcoholic beverage consumption.
- Furthermore, rising utilization of dry malt in nutraceutical products such as protein powders is also boosting the market growth
- Additionally, rising demand for dry malt from animal feed industry is also expected to further propel the market growth over the forecast period.
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 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), the Middle East and Africa (MEA), and South America. The dry malt products 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 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 dry malt products market in these regions.
IMPACT OF COVID-19 ON DRY MALT PRODUCTS MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products.
Have a question?
Shejal
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
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global 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), the Middle East and Africa (MEA), and South America. The dry malt products 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 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 dry malt products market in these regions.
IMPACT OF COVID-19 ON DRY MALT PRODUCTS MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products.
MARKET PLAYERS
The report covers key developments in the dry malt products 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 marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from Dry malt products market are anticipated to lucrative growth opportunities in the future with the rising demand for dry malt products in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the dry malt products 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.
- Axereal Group
- Cargill Inc.
- Crisp Malting Group Malt
- Graincrop Limited
- Ireks GmbH
- Malteurop Groupe
- Muntons
- Simpsons Malt
- Viking Malt
- Malt Company (India) Pvt Ltd.
- Imperial Malts Ltd.
- Malt Products Corporation
- Barmalt
- Riverbend Malt House
- PureMalt
- Charles Faram Ltd
- Bairds Malt Limited
- United Canadian Malt, Ltd.
- Mouterij Dingemans
- MALTING COMPANY OF IRELAND, 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 Dry Malt Products Market - By Source
1.3.2 Dry Malt Products Market - By Application
1.3.3 Dry Malt Products Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. DRY MALT PRODUCTS 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. DRY MALT PRODUCTS 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. DRY MALT PRODUCTS MARKET - GLOBAL MARKET ANALYSIS
6.1. DRY MALT PRODUCTS - GLOBAL MARKET OVERVIEW
6.2. DRY MALT PRODUCTS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. DRY MALT PRODUCTS MARKET - REVENUE AND FORECASTS TO 2028 - SOURCE
7.1. OVERVIEW
7.2. SOURCE MARKET FORECASTS AND ANALYSIS
7.3. BARLEY
7.3.1. Overview
7.3.2. Barley Market Forecast and Analysis
7.4. WHEAT
7.4.1. Overview
7.4.2. Wheat Market Forecast and Analysis
7.5. RYE
7.5.1. Overview
7.5.2. Rye Market Forecast and Analysis
7.6. OTHERS
7.6.1. Overview
7.6.2. Others Market Forecast and Analysis
8. DRY MALT PRODUCTS 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. PHARMACEUTICALS
8.4.1. Overview
8.4.2. Pharmaceuticals Market Forecast and Analysis
8.5. ANIMAL FEED
8.5.1. Overview
8.5.2. Animal Feed Market Forecast and Analysis
8.6. OTHERS
8.6.1. Overview
8.6.2. Others Market Forecast and Analysis
9. DRY MALT PRODUCTS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Dry Malt Products Market Overview
9.1.2 North America Dry Malt Products Market Forecasts and Analysis
9.1.3 North America Dry Malt Products Market Forecasts and Analysis - By Source
9.1.4 North America Dry Malt Products Market Forecasts and Analysis - By Application
9.1.5 North America Dry Malt Products Market Forecasts and Analysis - By Countries
9.1.5.1 United States Dry Malt Products Market
9.1.5.1.1 United States Dry Malt Products Market by Source
9.1.5.1.2 United States Dry Malt Products Market by Application
9.1.5.2 Canada Dry Malt Products Market
9.1.5.2.1 Canada Dry Malt Products Market by Source
9.1.5.2.2 Canada Dry Malt Products Market by Application
9.1.5.3 Mexico Dry Malt Products Market
9.1.5.3.1 Mexico Dry Malt Products Market by Source
9.1.5.3.2 Mexico Dry Malt Products Market by Application
9.2. EUROPE
9.2.1 Europe Dry Malt Products Market Overview
9.2.2 Europe Dry Malt Products Market Forecasts and Analysis
9.2.3 Europe Dry Malt Products Market Forecasts and Analysis - By Source
9.2.4 Europe Dry Malt Products Market Forecasts and Analysis - By Application
9.2.5 Europe Dry Malt Products Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Dry Malt Products Market
9.2.5.1.1 Germany Dry Malt Products Market by Source
9.2.5.1.2 Germany Dry Malt Products Market by Application
9.2.5.2 France Dry Malt Products Market
9.2.5.2.1 France Dry Malt Products Market by Source
9.2.5.2.2 France Dry Malt Products Market by Application
9.2.5.3 Italy Dry Malt Products Market
9.2.5.3.1 Italy Dry Malt Products Market by Source
9.2.5.3.2 Italy Dry Malt Products Market by Application
9.2.5.4 United Kingdom Dry Malt Products Market
9.2.5.4.1 United Kingdom Dry Malt Products Market by Source
9.2.5.4.2 United Kingdom Dry Malt Products Market by Application
9.2.5.5 Russia Dry Malt Products Market
9.2.5.5.1 Russia Dry Malt Products Market by Source
9.2.5.5.2 Russia Dry Malt Products Market by Application
9.2.5.6 Rest of Europe Dry Malt Products Market
9.2.5.6.1 Rest of Europe Dry Malt Products Market by Source
9.2.5.6.2 Rest of Europe Dry Malt Products Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Dry Malt Products Market Overview
9.3.2 Asia-Pacific Dry Malt Products Market Forecasts and Analysis
9.3.3 Asia-Pacific Dry Malt Products Market Forecasts and Analysis - By Source
9.3.4 Asia-Pacific Dry Malt Products Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Dry Malt Products Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Dry Malt Products Market
9.3.5.1.1 Australia Dry Malt Products Market by Source
9.3.5.1.2 Australia Dry Malt Products Market by Application
9.3.5.2 China Dry Malt Products Market
9.3.5.2.1 China Dry Malt Products Market by Source
9.3.5.2.2 China Dry Malt Products Market by Application
9.3.5.3 India Dry Malt Products Market
9.3.5.3.1 India Dry Malt Products Market by Source
9.3.5.3.2 India Dry Malt Products Market by Application
9.3.5.4 Japan Dry Malt Products Market
9.3.5.4.1 Japan Dry Malt Products Market by Source
9.3.5.4.2 Japan Dry Malt Products Market by Application
9.3.5.5 South Korea Dry Malt Products Market
9.3.5.5.1 South Korea Dry Malt Products Market by Source
9.3.5.5.2 South Korea Dry Malt Products Market by Application
9.3.5.6 Rest of Asia-Pacific Dry Malt Products Market
9.3.5.6.1 Rest of Asia-Pacific Dry Malt Products Market by Source
9.3.5.6.2 Rest of Asia-Pacific Dry Malt Products Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Dry Malt Products Market Overview
9.4.2 Middle East and Africa Dry Malt Products Market Forecasts and Analysis
9.4.3 Middle East and Africa Dry Malt Products Market Forecasts and Analysis - By Source
9.4.4 Middle East and Africa Dry Malt Products Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Dry Malt Products Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Dry Malt Products Market
9.4.5.1.1 South Africa Dry Malt Products Market by Source
9.4.5.1.2 South Africa Dry Malt Products Market by Application
9.4.5.2 Saudi Arabia Dry Malt Products Market
9.4.5.2.1 Saudi Arabia Dry Malt Products Market by Source
9.4.5.2.2 Saudi Arabia Dry Malt Products Market by Application
9.4.5.3 U.A.E Dry Malt Products Market
9.4.5.3.1 U.A.E Dry Malt Products Market by Source
9.4.5.3.2 U.A.E Dry Malt Products Market by Application
9.4.5.4 Rest of Middle East and Africa Dry Malt Products Market
9.4.5.4.1 Rest of Middle East and Africa Dry Malt Products Market by Source
9.4.5.4.2 Rest of Middle East and Africa Dry Malt Products Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Dry Malt Products Market Overview
9.5.2 South and Central America Dry Malt Products Market Forecasts and Analysis
9.5.3 South and Central America Dry Malt Products Market Forecasts and Analysis - By Source
9.5.4 South and Central America Dry Malt Products Market Forecasts and Analysis - By Application
9.5.5 South and Central America Dry Malt Products Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Dry Malt Products Market
9.5.5.1.1 Brazil Dry Malt Products Market by Source
9.5.5.1.2 Brazil Dry Malt Products Market by Application
9.5.5.2 Argentina Dry Malt Products Market
9.5.5.2.1 Argentina Dry Malt Products Market by Source
9.5.5.2.2 Argentina Dry Malt Products Market by Application
9.5.5.3 Rest of South and Central America Dry Malt Products Market
9.5.5.3.1 Rest of South and Central America Dry Malt Products Market by Source
9.5.5.3.2 Rest of South and Central America Dry Malt Products 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. DRY MALT PRODUCTS MARKET, KEY COMPANY PROFILES
11.1. AXEREAL GROUP
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. CARGILL INC.
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. CRISP MALTING GROUP MALT
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. GRAINCROP LIMITED
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. IREKS GMBH
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. MALTEUROP GROUPE
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. MUNTONS
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. SIMPSONS MALT
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. VIKING MALT
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. MALT COMPANY (INDIA) PVT LTD.
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. IMPERIAL MALTS LTD.
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. MALT PRODUCTS CORPORATION
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. BARMALT
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. RIVERBEND MALT HOUSE
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. PUREMALT
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. CHARLES FARAM LTD
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. BAIRDS MALT LIMITED
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. UNITED CANADIAN MALT, LTD.
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. MOUTERIJ DINGEMAN
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. MALTING COMPANY OF IRELAND, 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
1.Axereal Group
2.Cargill Inc.
3.Crisp Malting Group Malt
4.Graincrop Limited
5.Ireks GmbH
6.Malteurop Groupe
7.Muntons
8.Simpsons Malt
9.Viking Malt
10.Malt Company (India) Pvt Ltd.
11.Imperial Malts Ltd.
12.Malt Products Corporation
13.Barmalt
14.Riverbend Malt House
15.PureMalt
16.Charles Faram Ltd
17.Bairds Malt Limited
18.United Canadian Malt, Ltd.
19.Mouterij Dingeman
20.MALTING COMPANY OF IRELAND, 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