Global Extra Neutral Alcohol (ENA) Market Strategies and Share 2031
MARKET OVERVIEW
Extra Neutral Alcohol (ENA) is a highly concentrated type of alcohol. Fermentation of sugarcane molasses or grains by yeasts followed by several phases of distillation is used to produce extra neutral alcohol. Extra neutral alcohol is utilized as the base constituent for alcoholic beverages such as vodka, rum, and gin. In the cosmetic industry, extra neutral alcohol is used as preservative commodities including lotions, hair spray, etc. In the pharmaceutical industry, many vaccines, drugs, and antiseptics are manufactured from extra neutral alcohol. The extra neutral alcohol market growth is impacted by the increased demand for alcoholic beverages across both developed and developing countries.
MARKET DYNAMICS
The extra neutral alcohol market is anticipated to grow substantially during the predicted period. The increasing customer preferences for branded and craft liquor, and expansion of the fermentation industries across the globe are major accelerating factors aiding the expansion of the extra neutral alcohol market growth. In addition to this, the massive applications of ENA in pharmaceutical, cosmetic, and industrial sectors are expected to propel the growth of the market. The rise in disposable incomes coupled with the growing adoption of alcoholic beverages for celebratory events and occasions across the globe are some other factors fueling market growth. The increasing number of lounges, liquor stores, and pubs further invigorates the growth of the extra neutral alcohol industry. However, the strict government regulations, fluctuations in the prices of raw materials including sugarcane juice, ripe fruit, etc., and the rising cases of alcohol abuse may slightly hamper the growth of the extra neutral alcohol market in the foreseen timeframe.
MARKET SCOPE AND REPORT FEATURES
The “Global Extra Neutral Alcohol (ENA) Market Analysis to 2031” is a specialized and in-depth study with a major focus on the global market trends and growth opportunities. The report aims to provide an overview of the global market with detailed market segmentation by raw material, end-use industry, and geography. The global extra neutral alcohol market has been witnessing high growth over the recent past and is expected to continue this trend during the forecast period. The report provides key statistics on the consumption of extra neutral alcohol (ENA) worldwide along with their demand in major regions and countries. In addition, the report provides the qualitative assessment of various factors affecting the extra neutral alcohol market performance in major regions and countries. The report also includes a comprehensive analysis of the leading players in extra neutral alcohol market and their key strategic developments. Several analyses on the market dynamics are also included to help identify the key driving factors, market trends, and lucrative opportunities that would, in turn, aid in identifying the major revenue pockets.
Further, ecosystem analysis and Porter’s five forces analysis provide a 360-degree view of the global extra neutral alcohol market, which helps understand the entire supply chain and various factors affecting the market growth.
SEGMENTAL ANALYSIS
The global extra neutral alcohol market is segmented on the basis of raw material and end use industry. Based on raw material, the extra neutral alcohol market is segmented as grain-based, sugarcane-based and others. On the basis of end use industry, the market is classified as food and beverages, cosmetics, pharmaceuticals, and others.
Based on raw material, the grain-based type held the largest share, which is due to its extensive use in alcoholic beverages such as whiskey, gin, rum, etc. The alcohol produced from grain is of better quality as compared to its counterparts. Also, grain alcohol finds its vast use in many industrial applications and as a solvent. Furthermore, the production of neutral alcohol from apples, malt, and grapes has increased significantly over the last few years, which also propels the demand for ENA.
REGIONAL INSIGHTS
The report provides a detailed overview of the global extra neutral alcohol market with respect to five major regions, namely, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. Asia-Pacific accounted for a major extra neutral alcohol market share which can be attributed to the high volume production of alcoholic beverages in the region. The region is also expected to grow substantially during the foreseen timeframe due to the production of multiple products from ENA and the growth of new cosmetic product manufacturers in the region, especially in China, India and South Korea. In economies such as India and China, the growth of the alcohol sector is fueling market growth. The global extra neutral alcohol market growth is expected to be majorly driven by the demand growth in these countries over the coming years. The demand for cosmetic products such as fragrances, skin care products, daily-use products, and others is also expected to grow due to an increase in urbanization which will further propel the market growth.
MARKET PLAYERS
Some of the key players operating in the extra neutral alcohol market include, NCP Alcohols, Sasol Solvents, USA Distillers, Kakira Sugar Works Ltd (KSW), Greenpoint Alcohols, Swift Chemicals, Mumias Sugar Company, Tag Solvent Products, The Saswad Mali Sugar Factory Ltd., IFB Agro Industries Limited, Shanker International, GODAVARI BIOREFINERIES LTD., Agrochemical and Food Company Ltd, Illovo Sugar Ltd., and India Glycols Limited among others.
The Insight Partner's dedicated research and analysis team consists of experienced professionals with advanced statistical expertise and offers various customization options in the existing study.
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
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- 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
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to country scope.
TABLE OF CONTENTS
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Extra Neutral Alcohol (ENA) Market - By Raw Material
1.3.2 Extra Neutral Alcohol (ENA) Market - By Applications
1.3.3 Extra Neutral Alcohol (ENA) Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. EXTRA NEUTRAL ALCOHOL (ENA) 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. EXTRA NEUTRAL ALCOHOL (ENA) 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. EXTRA NEUTRAL ALCOHOL (ENA) MARKET - GLOBAL MARKET ANALYSIS
6.1. EXTRA NEUTRAL ALCOHOL (ENA) - GLOBAL MARKET OVERVIEW
6.2. EXTRA NEUTRAL ALCOHOL (ENA) - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. EXTRA NEUTRAL ALCOHOL (ENA) MARKET - REVENUE AND FORECASTS TO 2028 - RAW MATERIAL
7.1. OVERVIEW
7.2. RAW MATERIAL MARKET FORECASTS AND ANALYSIS
7.3. GRAIN-BASED
7.3.1. Overview
7.3.2. Grain-based Market Forecast and Analysis
7.4. SUGARCANE-BASED
7.4.1. Overview
7.4.2. Sugarcane-based Market Forecast and Analysis
8. EXTRA NEUTRAL ALCOHOL (ENA) MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATIONS
8.1. OVERVIEW
8.2. APPLICATIONS MARKET FORECASTS AND ANALYSIS
8.3. POTABLE ALCOHOL
8.3.1. Overview
8.3.2. Potable Alcohol Market Forecast and Analysis
8.4. FLAVORS AND FRAGRANCES
8.4.1. Overview
8.4.2. Flavors and Fragrances Market Forecast and Analysis
8.5. PHARMACEUTICALS
8.5.1. Overview
8.5.2. Pharmaceuticals Market Forecast and Analysis
8.6. COSMETICS
8.6.1. Overview
8.6.2. Cosmetics Market Forecast and Analysis
8.7. OTHERS
8.7.1. Overview
8.7.2. Others Market Forecast and Analysis
9. EXTRA NEUTRAL ALCOHOL (ENA) MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Extra Neutral Alcohol (ENA) Market Overview
9.1.2 North America Extra Neutral Alcohol (ENA) Market Forecasts and Analysis
9.1.3 North America Extra Neutral Alcohol (ENA) Market Forecasts and Analysis - By Raw Material
9.1.4 North America Extra Neutral Alcohol (ENA) Market Forecasts and Analysis - By Applications
9.1.5 North America Extra Neutral Alcohol (ENA) Market Forecasts and Analysis - By Countries
9.1.5.1 United States Extra Neutral Alcohol (ENA) Market
9.1.5.1.1 United States Extra Neutral Alcohol (ENA) Market by Raw Material
9.1.5.1.2 United States Extra Neutral Alcohol (ENA) Market by Applications
9.1.5.2 Canada Extra Neutral Alcohol (ENA) Market
9.1.5.2.1 Canada Extra Neutral Alcohol (ENA) Market by Raw Material
9.1.5.2.2 Canada Extra Neutral Alcohol (ENA) Market by Applications
9.1.5.3 Mexico Extra Neutral Alcohol (ENA) Market
9.1.5.3.1 Mexico Extra Neutral Alcohol (ENA) Market by Raw Material
9.1.5.3.2 Mexico Extra Neutral Alcohol (ENA) Market by Applications
9.2. EUROPE
9.2.1 Europe Extra Neutral Alcohol (ENA) Market Overview
9.2.2 Europe Extra Neutral Alcohol (ENA) Market Forecasts and Analysis
9.2.3 Europe Extra Neutral Alcohol (ENA) Market Forecasts and Analysis - By Raw Material
9.2.4 Europe Extra Neutral Alcohol (ENA) Market Forecasts and Analysis - By Applications
9.2.5 Europe Extra Neutral Alcohol (ENA) Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Extra Neutral Alcohol (ENA) Market
9.2.5.1.1 Germany Extra Neutral Alcohol (ENA) Market by Raw Material
9.2.5.1.2 Germany Extra Neutral Alcohol (ENA) Market by Applications
9.2.5.2 France Extra Neutral Alcohol (ENA) Market
9.2.5.2.1 France Extra Neutral Alcohol (ENA) Market by Raw Material
9.2.5.2.2 France Extra Neutral Alcohol (ENA) Market by Applications
9.2.5.3 Italy Extra Neutral Alcohol (ENA) Market
9.2.5.3.1 Italy Extra Neutral Alcohol (ENA) Market by Raw Material
9.2.5.3.2 Italy Extra Neutral Alcohol (ENA) Market by Applications
9.2.5.4 United Kingdom Extra Neutral Alcohol (ENA) Market
9.2.5.4.1 United Kingdom Extra Neutral Alcohol (ENA) Market by Raw Material
9.2.5.4.2 United Kingdom Extra Neutral Alcohol (ENA) Market by Applications
9.2.5.5 Russia Extra Neutral Alcohol (ENA) Market
9.2.5.5.1 Russia Extra Neutral Alcohol (ENA) Market by Raw Material
9.2.5.5.2 Russia Extra Neutral Alcohol (ENA) Market by Applications
9.2.5.6 Rest of Europe Extra Neutral Alcohol (ENA) Market
9.2.5.6.1 Rest of Europe Extra Neutral Alcohol (ENA) Market by Raw Material
9.2.5.6.2 Rest of Europe Extra Neutral Alcohol (ENA) Market by Applications
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Extra Neutral Alcohol (ENA) Market Overview
9.3.2 Asia-Pacific Extra Neutral Alcohol (ENA) Market Forecasts and Analysis
9.3.3 Asia-Pacific Extra Neutral Alcohol (ENA) Market Forecasts and Analysis - By Raw Material
9.3.4 Asia-Pacific Extra Neutral Alcohol (ENA) Market Forecasts and Analysis - By Applications
9.3.5 Asia-Pacific Extra Neutral Alcohol (ENA) Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Extra Neutral Alcohol (ENA) Market
9.3.5.1.1 Australia Extra Neutral Alcohol (ENA) Market by Raw Material
9.3.5.1.2 Australia Extra Neutral Alcohol (ENA) Market by Applications
9.3.5.2 China Extra Neutral Alcohol (ENA) Market
9.3.5.2.1 China Extra Neutral Alcohol (ENA) Market by Raw Material
9.3.5.2.2 China Extra Neutral Alcohol (ENA) Market by Applications
9.3.5.3 India Extra Neutral Alcohol (ENA) Market
9.3.5.3.1 India Extra Neutral Alcohol (ENA) Market by Raw Material
9.3.5.3.2 India Extra Neutral Alcohol (ENA) Market by Applications
9.3.5.4 Japan Extra Neutral Alcohol (ENA) Market
9.3.5.4.1 Japan Extra Neutral Alcohol (ENA) Market by Raw Material
9.3.5.4.2 Japan Extra Neutral Alcohol (ENA) Market by Applications
9.3.5.5 South Korea Extra Neutral Alcohol (ENA) Market
9.3.5.5.1 South Korea Extra Neutral Alcohol (ENA) Market by Raw Material
9.3.5.5.2 South Korea Extra Neutral Alcohol (ENA) Market by Applications
9.3.5.6 Rest of Asia-Pacific Extra Neutral Alcohol (ENA) Market
9.3.5.6.1 Rest of Asia-Pacific Extra Neutral Alcohol (ENA) Market by Raw Material
9.3.5.6.2 Rest of Asia-Pacific Extra Neutral Alcohol (ENA) Market by Applications
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Extra Neutral Alcohol (ENA) Market Overview
9.4.2 Middle East and Africa Extra Neutral Alcohol (ENA) Market Forecasts and Analysis
9.4.3 Middle East and Africa Extra Neutral Alcohol (ENA) Market Forecasts and Analysis - By Raw Material
9.4.4 Middle East and Africa Extra Neutral Alcohol (ENA) Market Forecasts and Analysis - By Applications
9.4.5 Middle East and Africa Extra Neutral Alcohol (ENA) Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Extra Neutral Alcohol (ENA) Market
9.4.5.1.1 South Africa Extra Neutral Alcohol (ENA) Market by Raw Material
9.4.5.1.2 South Africa Extra Neutral Alcohol (ENA) Market by Applications
9.4.5.2 Saudi Arabia Extra Neutral Alcohol (ENA) Market
9.4.5.2.1 Saudi Arabia Extra Neutral Alcohol (ENA) Market by Raw Material
9.4.5.2.2 Saudi Arabia Extra Neutral Alcohol (ENA) Market by Applications
9.4.5.3 U.A.E Extra Neutral Alcohol (ENA) Market
9.4.5.3.1 U.A.E Extra Neutral Alcohol (ENA) Market by Raw Material
9.4.5.3.2 U.A.E Extra Neutral Alcohol (ENA) Market by Applications
9.4.5.4 Rest of Middle East and Africa Extra Neutral Alcohol (ENA) Market
9.4.5.4.1 Rest of Middle East and Africa Extra Neutral Alcohol (ENA) Market by Raw Material
9.4.5.4.2 Rest of Middle East and Africa Extra Neutral Alcohol (ENA) Market by Applications
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Extra Neutral Alcohol (ENA) Market Overview
9.5.2 South and Central America Extra Neutral Alcohol (ENA) Market Forecasts and Analysis
9.5.3 South and Central America Extra Neutral Alcohol (ENA) Market Forecasts and Analysis - By Raw Material
9.5.4 South and Central America Extra Neutral Alcohol (ENA) Market Forecasts and Analysis - By Applications
9.5.5 South and Central America Extra Neutral Alcohol (ENA) Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Extra Neutral Alcohol (ENA) Market
9.5.5.1.1 Brazil Extra Neutral Alcohol (ENA) Market by Raw Material
9.5.5.1.2 Brazil Extra Neutral Alcohol (ENA) Market by Applications
9.5.5.2 Argentina Extra Neutral Alcohol (ENA) Market
9.5.5.2.1 Argentina Extra Neutral Alcohol (ENA) Market by Raw Material
9.5.5.2.2 Argentina Extra Neutral Alcohol (ENA) Market by Applications
9.5.5.3 Rest of South and Central America Extra Neutral Alcohol (ENA) Market
9.5.5.3.1 Rest of South and Central America Extra Neutral Alcohol (ENA) Market by Raw Material
9.5.5.3.2 Rest of South and Central America Extra Neutral Alcohol (ENA) Market by Applications
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. EXTRA NEUTRAL ALCOHOL (ENA) MARKET, KEY COMPANY PROFILES
11.1. AGROCHEMICAL AND FOOD COMPANY LTD (AFCL)
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. GREENPOINT ALCOHOLS
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. ILLOVO SUGAR LTD.
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. KAKIRA SUGAR WORKS LTD (KSW)
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. MUMIAS SUGAR COMPANY
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. NCP ALCOHOLS
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. SASOL SOLVENTS
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. SWIFT CHEMICALS
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. TAG SOLVENT PRODUCTS
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. USA DISTILLERS
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
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
The List of Companies
1. Agrochemical and Food Company Ltd (AFCL)
2. Greenpoint Alcohols
3. Illovo Sugar Ltd.
4. Kakira Sugar Works Ltd (KSW)
5. Mumias Sugar Company
6. NCP Alcohols
7. Sasol Solvents
8. Swift Chemicals
9. Tag Solvent Products
10. USA Distillers
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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