Essential fatty acids are fatty acids that humans & other animals must ingest since the body requires them for good health. However, these fatty acids cannot be incorporated on their own. It is necessary to have a proper intake of these fatty acids for the healthy functioning of one's body. There are three types of essential fatty acids available in the market such as saturated, monounsaturated, and polyunsaturated. Products from both the plant and animal-sourced are marketed by manufacturers. Omega-3 fatty acids are found in foods, including fish & flaxseed, and dietary supplements, such as fish oil.
MARKET DYNAMICS
The essential fatty acid market has witnessed significant growth owing to factors such as wider application in industries, including food & beverages, animal feed, pharmaceuticals & nutraceuticals, personal care, and others. Also, the rising awareness among health-conscious consumers about various beneficial food products containing essential fatty acids is contributing to the market growth. Moreover, the growing demand for these fatty acids in the food & beverage and pharmaceutical industries is also expected to drive this market. However, the presence of cheap substitutes in the market may restrain this market over the forecast timeline. Nevertheless, with the steady growth in the food processing industry and pharmaceutical industry, there are opportunities for the market players to invest in this market.
MARKET SCOPE
The "Global Essential Fatty Acid 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 essential fatty acid market with detailed market segmentation by type, source, product, application, and geography. The global essential fatty acid market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading essential fatty acid market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global essential fatty acid market is segmented on the basis of type, source, product, and application. Based on type, the essential fatty acid market is bifurcated into saturated, monounsaturated, and polyunsaturated. On the basis of source, the essential fatty acid market is segmented into animal and plant. The essential fatty acid market on the basis of the product is classified into omega-9, omega-6, and omega-3. On the basis of application, global essential fatty acid market is bifurcated into food & beverages, animal feed, pharmaceuticals & nutraceuticals, personal care, 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 essential fatty acid 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 essential fatty acid 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 essential fatty acid 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 essential fatty acid 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 essential fatty acid 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 essential fatty acid 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 essential fatty acid 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 essential fatty acid market in these regions.
MARKET PLAYERS
The reports cover various key developments in the global essential fatty acid market. Various companies are focusing growth strategies such as product launches, product approvals and others such as patents and events. Some of the 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 essential fatty acid market are anticipated to lucrative growth opportunities in the future with the rising demand for essential fatty acid in the global market. Below mentioned is the list of few companies engaged in the essential fatty acid market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the essential fatty acid 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.
- AcastiPharma
- Aker Biomarine
- BASF SE
- Cargill Inc.
- Corbion
- Croda International
- Enzymotec
- Koninklijke DSM
- Lonza
- Maruha Nichiro Foods
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 Essential Fatty Acid Market - By Type
1.3.2 Essential Fatty Acid Market - By Source
1.3.3 Essential Fatty Acid Market - By Product
1.3.4 Essential Fatty Acid Market - By Application
1.3.5 Essential Fatty Acid Market - By Region
1.3.5.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. ESSENTIAL FATTY ACID 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. ESSENTIAL FATTY ACID 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. ESSENTIAL FATTY ACID MARKET - GLOBAL MARKET ANALYSIS
6.1. ESSENTIAL FATTY ACID - GLOBAL MARKET OVERVIEW
6.2. ESSENTIAL FATTY ACID - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. ESSENTIAL FATTY ACID MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. SATURATED
7.3.1. Overview
7.3.2. Saturated Market Forecast and Analysis
7.4. MONOUNSATURATED
7.4.1. Overview
7.4.2. Monounsaturated Market Forecast and Analysis
7.5. POLYUNSATURATED
7.5.1. Overview
7.5.2. Polyunsaturated Market Forecast and Analysis
8. ESSENTIAL FATTY ACID MARKET - REVENUE AND FORECASTS TO 2028 - SOURCE
8.1. OVERVIEW
8.2. SOURCE MARKET FORECASTS AND ANALYSIS
8.3. ANIMAL
8.3.1. Overview
8.3.2. Animal Market Forecast and Analysis
8.4. PLANT
8.4.1. Overview
8.4.2. Plant Market Forecast and Analysis
9. ESSENTIAL FATTY ACID MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT
9.1. OVERVIEW
9.2. PRODUCT MARKET FORECASTS AND ANALYSIS
9.3. OMEGA-9
9.3.1. Overview
9.3.2. Omega-9 Market Forecast and Analysis
9.4. OMEGA-6
9.4.1. Overview
9.4.2. Omega-6 Market Forecast and Analysis
9.5. OMEGA-3
9.5.1. Overview
9.5.2. Omega-3 Market Forecast and Analysis
10. ESSENTIAL FATTY ACID MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
10.1. OVERVIEW
10.2. APPLICATION MARKET FORECASTS AND ANALYSIS
10.3. FOOD AND BEVERAGES
10.3.1. Overview
10.3.2. Food and Beverages Market Forecast and Analysis
10.4. ANIMAL FEED
10.4.1. Overview
10.4.2. Animal Feed Market Forecast and Analysis
10.5. PHARMACEUTICALS AND NUTRACEUTICALS
10.5.1. Overview
10.5.2. Pharmaceuticals and Nutraceuticals Market Forecast and Analysis
10.6. PERSONAL CARE
10.6.1. Overview
10.6.2. Personal Care Market Forecast and Analysis
10.7. OTHERS
10.7.1. Overview
10.7.2. Others Market Forecast and Analysis
11. ESSENTIAL FATTY ACID MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
11.1. NORTH AMERICA
11.1.1 North America Essential Fatty Acid Market Overview
11.1.2 North America Essential Fatty Acid Market Forecasts and Analysis
11.1.3 North America Essential Fatty Acid Market Forecasts and Analysis - By Type
11.1.4 North America Essential Fatty Acid Market Forecasts and Analysis - By Source
11.1.5 North America Essential Fatty Acid Market Forecasts and Analysis - By Product
11.1.6 North America Essential Fatty Acid Market Forecasts and Analysis - By Application
11.1.7 North America Essential Fatty Acid Market Forecasts and Analysis - By Countries
11.1.7.1 United States Essential Fatty Acid Market
11.1.7.1.1 United States Essential Fatty Acid Market by Type
11.1.7.1.2 United States Essential Fatty Acid Market by Source
11.1.7.1.3 United States Essential Fatty Acid Market by Product
11.1.7.1.4 United States Essential Fatty Acid Market by Application
11.1.7.2 Canada Essential Fatty Acid Market
11.1.7.2.1 Canada Essential Fatty Acid Market by Type
11.1.7.2.2 Canada Essential Fatty Acid Market by Source
11.1.7.2.3 Canada Essential Fatty Acid Market by Product
11.1.7.2.4 Canada Essential Fatty Acid Market by Application
11.1.7.3 Mexico Essential Fatty Acid Market
11.1.7.3.1 Mexico Essential Fatty Acid Market by Type
11.1.7.3.2 Mexico Essential Fatty Acid Market by Source
11.1.7.3.3 Mexico Essential Fatty Acid Market by Product
11.1.7.3.4 Mexico Essential Fatty Acid Market by Application
11.2. EUROPE
11.2.1 Europe Essential Fatty Acid Market Overview
11.2.2 Europe Essential Fatty Acid Market Forecasts and Analysis
11.2.3 Europe Essential Fatty Acid Market Forecasts and Analysis - By Type
11.2.4 Europe Essential Fatty Acid Market Forecasts and Analysis - By Source
11.2.5 Europe Essential Fatty Acid Market Forecasts and Analysis - By Product
11.2.6 Europe Essential Fatty Acid Market Forecasts and Analysis - By Application
11.2.7 Europe Essential Fatty Acid Market Forecasts and Analysis - By Countries
11.2.7.1 Germany Essential Fatty Acid Market
11.2.7.1.1 Germany Essential Fatty Acid Market by Type
11.2.7.1.2 Germany Essential Fatty Acid Market by Source
11.2.7.1.3 Germany Essential Fatty Acid Market by Product
11.2.7.1.4 Germany Essential Fatty Acid Market by Application
11.2.7.2 France Essential Fatty Acid Market
11.2.7.2.1 France Essential Fatty Acid Market by Type
11.2.7.2.2 France Essential Fatty Acid Market by Source
11.2.7.2.3 France Essential Fatty Acid Market by Product
11.2.7.2.4 France Essential Fatty Acid Market by Application
11.2.7.3 Italy Essential Fatty Acid Market
11.2.7.3.1 Italy Essential Fatty Acid Market by Type
11.2.7.3.2 Italy Essential Fatty Acid Market by Source
11.2.7.3.3 Italy Essential Fatty Acid Market by Product
11.2.7.3.4 Italy Essential Fatty Acid Market by Application
11.2.7.4 United Kingdom Essential Fatty Acid Market
11.2.7.4.1 United Kingdom Essential Fatty Acid Market by Type
11.2.7.4.2 United Kingdom Essential Fatty Acid Market by Source
11.2.7.4.3 United Kingdom Essential Fatty Acid Market by Product
11.2.7.4.4 United Kingdom Essential Fatty Acid Market by Application
11.2.7.5 Russia Essential Fatty Acid Market
11.2.7.5.1 Russia Essential Fatty Acid Market by Type
11.2.7.5.2 Russia Essential Fatty Acid Market by Source
11.2.7.5.3 Russia Essential Fatty Acid Market by Product
11.2.7.5.4 Russia Essential Fatty Acid Market by Application
11.2.7.6 Rest of Europe Essential Fatty Acid Market
11.2.7.6.1 Rest of Europe Essential Fatty Acid Market by Type
11.2.7.6.2 Rest of Europe Essential Fatty Acid Market by Source
11.2.7.6.3 Rest of Europe Essential Fatty Acid Market by Product
11.2.7.6.4 Rest of Europe Essential Fatty Acid Market by Application
11.3. ASIA-PACIFIC
11.3.1 Asia-Pacific Essential Fatty Acid Market Overview
11.3.2 Asia-Pacific Essential Fatty Acid Market Forecasts and Analysis
11.3.3 Asia-Pacific Essential Fatty Acid Market Forecasts and Analysis - By Type
11.3.4 Asia-Pacific Essential Fatty Acid Market Forecasts and Analysis - By Source
11.3.5 Asia-Pacific Essential Fatty Acid Market Forecasts and Analysis - By Product
11.3.6 Asia-Pacific Essential Fatty Acid Market Forecasts and Analysis - By Application
11.3.7 Asia-Pacific Essential Fatty Acid Market Forecasts and Analysis - By Countries
11.3.7.1 Australia Essential Fatty Acid Market
11.3.7.1.1 Australia Essential Fatty Acid Market by Type
11.3.7.1.2 Australia Essential Fatty Acid Market by Source
11.3.7.1.3 Australia Essential Fatty Acid Market by Product
11.3.7.1.4 Australia Essential Fatty Acid Market by Application
11.3.7.2 China Essential Fatty Acid Market
11.3.7.2.1 China Essential Fatty Acid Market by Type
11.3.7.2.2 China Essential Fatty Acid Market by Source
11.3.7.2.3 China Essential Fatty Acid Market by Product
11.3.7.2.4 China Essential Fatty Acid Market by Application
11.3.7.3 India Essential Fatty Acid Market
11.3.7.3.1 India Essential Fatty Acid Market by Type
11.3.7.3.2 India Essential Fatty Acid Market by Source
11.3.7.3.3 India Essential Fatty Acid Market by Product
11.3.7.3.4 India Essential Fatty Acid Market by Application
11.3.7.4 Japan Essential Fatty Acid Market
11.3.7.4.1 Japan Essential Fatty Acid Market by Type
11.3.7.4.2 Japan Essential Fatty Acid Market by Source
11.3.7.4.3 Japan Essential Fatty Acid Market by Product
11.3.7.4.4 Japan Essential Fatty Acid Market by Application
11.3.7.5 South Korea Essential Fatty Acid Market
11.3.7.5.1 South Korea Essential Fatty Acid Market by Type
11.3.7.5.2 South Korea Essential Fatty Acid Market by Source
11.3.7.5.3 South Korea Essential Fatty Acid Market by Product
11.3.7.5.4 South Korea Essential Fatty Acid Market by Application
11.3.7.6 Rest of Asia-Pacific Essential Fatty Acid Market
11.3.7.6.1 Rest of Asia-Pacific Essential Fatty Acid Market by Type
11.3.7.6.2 Rest of Asia-Pacific Essential Fatty Acid Market by Source
11.3.7.6.3 Rest of Asia-Pacific Essential Fatty Acid Market by Product
11.3.7.6.4 Rest of Asia-Pacific Essential Fatty Acid Market by Application
11.4. MIDDLE EAST AND AFRICA
11.4.1 Middle East and Africa Essential Fatty Acid Market Overview
11.4.2 Middle East and Africa Essential Fatty Acid Market Forecasts and Analysis
11.4.3 Middle East and Africa Essential Fatty Acid Market Forecasts and Analysis - By Type
11.4.4 Middle East and Africa Essential Fatty Acid Market Forecasts and Analysis - By Source
11.4.5 Middle East and Africa Essential Fatty Acid Market Forecasts and Analysis - By Product
11.4.6 Middle East and Africa Essential Fatty Acid Market Forecasts and Analysis - By Application
11.4.7 Middle East and Africa Essential Fatty Acid Market Forecasts and Analysis - By Countries
11.4.7.1 South Africa Essential Fatty Acid Market
11.4.7.1.1 South Africa Essential Fatty Acid Market by Type
11.4.7.1.2 South Africa Essential Fatty Acid Market by Source
11.4.7.1.3 South Africa Essential Fatty Acid Market by Product
11.4.7.1.4 South Africa Essential Fatty Acid Market by Application
11.4.7.2 Saudi Arabia Essential Fatty Acid Market
11.4.7.2.1 Saudi Arabia Essential Fatty Acid Market by Type
11.4.7.2.2 Saudi Arabia Essential Fatty Acid Market by Source
11.4.7.2.3 Saudi Arabia Essential Fatty Acid Market by Product
11.4.7.2.4 Saudi Arabia Essential Fatty Acid Market by Application
11.4.7.3 U.A.E Essential Fatty Acid Market
11.4.7.3.1 U.A.E Essential Fatty Acid Market by Type
11.4.7.3.2 U.A.E Essential Fatty Acid Market by Source
11.4.7.3.3 U.A.E Essential Fatty Acid Market by Product
11.4.7.3.4 U.A.E Essential Fatty Acid Market by Application
11.4.7.4 Rest of Middle East and Africa Essential Fatty Acid Market
11.4.7.4.1 Rest of Middle East and Africa Essential Fatty Acid Market by Type
11.4.7.4.2 Rest of Middle East and Africa Essential Fatty Acid Market by Source
11.4.7.4.3 Rest of Middle East and Africa Essential Fatty Acid Market by Product
11.4.7.4.4 Rest of Middle East and Africa Essential Fatty Acid Market by Application
11.5. SOUTH AND CENTRAL AMERICA
11.5.1 South and Central America Essential Fatty Acid Market Overview
11.5.2 South and Central America Essential Fatty Acid Market Forecasts and Analysis
11.5.3 South and Central America Essential Fatty Acid Market Forecasts and Analysis - By Type
11.5.4 South and Central America Essential Fatty Acid Market Forecasts and Analysis - By Source
11.5.5 South and Central America Essential Fatty Acid Market Forecasts and Analysis - By Product
11.5.6 South and Central America Essential Fatty Acid Market Forecasts and Analysis - By Application
11.5.7 South and Central America Essential Fatty Acid Market Forecasts and Analysis - By Countries
11.5.7.1 Brazil Essential Fatty Acid Market
11.5.7.1.1 Brazil Essential Fatty Acid Market by Type
11.5.7.1.2 Brazil Essential Fatty Acid Market by Source
11.5.7.1.3 Brazil Essential Fatty Acid Market by Product
11.5.7.1.4 Brazil Essential Fatty Acid Market by Application
11.5.7.2 Argentina Essential Fatty Acid Market
11.5.7.2.1 Argentina Essential Fatty Acid Market by Type
11.5.7.2.2 Argentina Essential Fatty Acid Market by Source
11.5.7.2.3 Argentina Essential Fatty Acid Market by Product
11.5.7.2.4 Argentina Essential Fatty Acid Market by Application
11.5.7.3 Rest of South and Central America Essential Fatty Acid Market
11.5.7.3.1 Rest of South and Central America Essential Fatty Acid Market by Type
11.5.7.3.2 Rest of South and Central America Essential Fatty Acid Market by Source
11.5.7.3.3 Rest of South and Central America Essential Fatty Acid Market by Product
11.5.7.3.4 Rest of South and Central America Essential Fatty Acid Market by Application
12. INDUSTRY LANDSCAPE
12.1. MERGERS AND ACQUISITIONS
12.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
12.3. NEW PRODUCT LAUNCHES
12.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
13. ESSENTIAL FATTY ACID MARKET, KEY COMPANY PROFILES
13.1. ACASTIPHARMA
13.1.1. Key Facts
13.1.2. Business Description
13.1.3. Products and Services
13.1.4. Financial Overview
13.1.5. SWOT Analysis
13.1.6. Key Developments
13.2. AKER BIOMARINE
13.2.1. Key Facts
13.2.2. Business Description
13.2.3. Products and Services
13.2.4. Financial Overview
13.2.5. SWOT Analysis
13.2.6. Key Developments
13.3. BASF SE
13.3.1. Key Facts
13.3.2. Business Description
13.3.3. Products and Services
13.3.4. Financial Overview
13.3.5. SWOT Analysis
13.3.6. Key Developments
13.4. CARGILL INC.
13.4.1. Key Facts
13.4.2. Business Description
13.4.3. Products and Services
13.4.4. Financial Overview
13.4.5. SWOT Analysis
13.4.6. Key Developments
13.5. CORBION
13.5.1. Key Facts
13.5.2. Business Description
13.5.3. Products and Services
13.5.4. Financial Overview
13.5.5. SWOT Analysis
13.5.6. Key Developments
13.6. CRODA INTERNATIONAL
13.6.1. Key Facts
13.6.2. Business Description
13.6.3. Products and Services
13.6.4. Financial Overview
13.6.5. SWOT Analysis
13.6.6. Key Developments
13.7. ENZYMOTEC
13.7.1. Key Facts
13.7.2. Business Description
13.7.3. Products and Services
13.7.4. Financial Overview
13.7.5. SWOT Analysis
13.7.6. Key Developments
13.8. KONINKLIJKE DSM
13.8.1. Key Facts
13.8.2. Business Description
13.8.3. Products and Services
13.8.4. Financial Overview
13.8.5. SWOT Analysis
13.8.6. Key Developments
13.9. LONZA
13.9.1. Key Facts
13.9.2. Business Description
13.9.3. Products and Services
13.9.4. Financial Overview
13.9.5. SWOT Analysis
13.9.6. Key Developments
13.10. MARUHA NICHIRO FOODS
13.10.1. Key Facts
13.10.2. Business Description
13.10.3. Products and Services
13.10.4. Financial Overview
13.10.5. SWOT Analysis
13.10.6. Key Developments
14. APPENDIX
14.1. ABOUT THE INSIGHT PARTNERS
14.2. GLOSSARY OF TERMS
1. AcastiPharma
2. Aker Biomarine
3. BASF SE
4. Cargill Inc.
5. Corbion
6. Croda International
7. Enzymotec
8. Koninklijke DSM
9. Lonza
10. Maruha Nichiro Foods
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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