Food and Beverage Disinfection Market Analysis by 2031
The food and beverage disinfection market is expected to register a CAGR of 4% during 2023–2031. The shift towards non-chemical disinfection is likely to remain a key trend in the market.
Food and Beverage Disinfection Market Analysis
- The disinfection of foods and drinks is an industry that's poised to swell over the next several years, driven by growing concerns among consumers about food safety, stringent regulatory requirements, and increased consumption of processed and packaged foods.
- The world population is growing and urbanizing, and so the need for an efficient disinfection process in food and drink production will only increase.
- Food processors are looking for more powerful, efficient disinfecting techniques using fewer chemicals, less residue and better product integrity.
- UV light, ozone treatment, and other non-chemical disinfection technologies are being increasingly used, as these methods are highly effective at killing microbes without leaving any residues.
- Besides, the integration of IoT and automation in disinfection processes has accelerated the efficiency of the disinfection processes and supports continuous monitoring and control, which further leads to market growth.
Food and Beverage Disinfection Market Overview
- The food and beverage disinfection market is characterized by a multiplicity of reasons that point to the centrality of disinfection, per se, towards the safety and quality of food products throughout the global production chain.
- Consumer awareness of foodborne illnesses and interest in safer foods are high – and rising – and regulatory agencies are becoming ever stricter, pushing for effective disinfectants.
- This market comprises diverse technologies and techniques for removing pathogenic and spoilage microbes from food commodities, processing apparatuses, and production settings to enhance human wellness and product shelf life.
- The competitive arena has mature companies and start-up innovative entities continuously working on developing and commercializing novel disinfection technology to meet the demand and requirements of food and beverage manufacturers worldwide.
- Chemical-based disinfection (the overwhelmingly most dominant technology to date) is being (or at least is being meant to be) complemented (or even replaced) by much less chemical-oriented technologies involving UV irradiation, ozonation, or advanced oxidation processes, partly due to the rise of clean-label consumer products and partly due to consumer concern about food contamination by additives.
- By contrast, automation and IoT are reworking disinfection with real-time monitoring, data analysis, and adjustment of treatment parameters to enhance effectiveness and consistency.
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Food and Beverage Disinfection Market: Strategic Insights
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Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Food and Beverage Disinfection Market: Strategic Insights
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Naveen will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
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Food and Beverage Disinfection Market Drivers and Opportunities
Rising Demand for Processed Food Drives the Food and Beverage Disinfection Market
- Perhaps foremost among them is the processed food industry, which, together with the food and beverage disinfection market, is in a symbiotic relationship, feeding off one another in an interlocking, mutually reinforcing embrace that is changing both.
- With the rise of the consumer lifestyle that's more hurried and urbanized than before, the growing demand for ready-to-eat, convenient, and shelf-stable food products has caused a boom in the processed food industry. More advanced methods of disinfection are needed to maintain the safety, quality, and shelf-life of the product.
- The processed food industry, from fast food to snacks and drinks, depends on disinfection technologies to avoid microbial contamination at every stage of manufacture.
- As production volumes go up and supply chains get more complicated, the chance of contamination also increases, which means robust disinfection isn't just a regulatory requirement – it's a business imperative.
- Food manufacturers are realising that investing in the latest disinfection technologies will keep them in the good graces of the consumer, help them maintain their brand reputation, and avoid costly recalls.
- The increase in the number and variety of products in the processed food market has fuelled the development of novel disinfection technologies tailored to each food matrix, adhering to the organoleptic characteristics of the processed food and maintaining its nutritional value.
- Furthermore, the globalization of food supply chains, a central characteristic of the rise of the processed-food industry, has increasingly demanded disinfection solutions able to provide product safety over long periods and variable environmental conditions.
- This has resulted in more widespread use of advanced multilayered packaging with embedded antimicrobial functionality and more aggressive disinfection protocols at various steps of the supply chain. The processed food industry and its march towards automation and Industry 4.0 is also making its mark on the disinfection market.
Increasing Adoption of Advanced Technology
- The incorporation of hi-tech in food and beverage disinfection is a growth prospect that will transform the market segment and grow it at a fast pace.
- This leap in technology will not only see some small incremental enhancements but also a shift in paradigm that will significantly increase the efficacy, accuracy, and cost-effectiveness of disinfection processes throughout the food and beverage sector.
- Most importantly, IoT devices, AI, machine learning algorithms, and big-data analytics can be integrated into a disinfection system, creating smart, networked solutions that can offer the best possible performance levels of control, monitoring, and optimization.
- IoT sensors inserted into the disinfection appliances can transmit real-time data on critical parameters, such as temperature, humidity, pH, and microbial count, to the AI and machine learning algorithms, which can process and provide instant insights and predict future problems before they can occur, and even adjust the parameters of the disinfection to its optimum performance.
- Overall, this leads to a proactive approach to food safety management rather than a reactive one, and thus greatly decreases the risk of contamination and leads to a higher quality of product.
- This is an area that has enormous potential for growth since food and beverage manufacturers are increasingly recognizing the benefits of these smart disinfection systems in improving operational efficiency, minimizing food waste, and enhancing consistent compliance with stringent food safety standards. The advanced technology integration also enables opportunities for remote monitoring and managing of disinfection processes.
Food and Beverage Disinfection Market Report Segmentation Analysis
Key segments that contributed to the derivation of the food and beverage disinfection market analysis are type, application area, and end use.
- On the basis of type, the market is divided into chemical and technology.
- In terms of application area, the market is categorized into food packaging, food processing equipment, and food surface.
- Based on end use, the market is divided into the food industry and beverage industry.
Food and Beverage Disinfection Market Share Analysis by Geography
- Food and Beverage Disinfection Market Report comprises a detailed analysis of five major geographic regions, which includes current and historical market size and forecasts for 2021 to 2031, covering North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South & Central America.
- Each region is further sub-segmented into respective countries. This report provides analysis and forecasts of 18+ countries, covering food and beverage disinfection market dynamics such as drivers, trends, and opportunities that are impacting the markets at the regional level.
- Also, the report covers Porter's analysis, which involves the study of major factors that influence the food and beverage disinfection market in these regions.
Food and Beverage Disinfection Market Report Scope
Food and Beverage Disinfection Market News and Recent Development
The food and beverage disinfection market is evaluated by gathering the qualitative and quantitative data post primary and secondary research, which include important corporate publication, association data, and database. The few developments in the food and beverage disinfection market are listed below:
- Ecolab announced the launch of Active OX+ (EPA Reg. No. 1677-275), a no-rinse food contact sanitizer, listed by the U.S. Organic Materials Review Institute (OMRI). The new, EPA-registered sanitizer is designed for use on hard, non-porous and pre-cleaned food contact surfaces such as pipelines, tanks, vats, fillers, evaporators, pasteurizers and associated equipment in facilities including dairy processors, beverage and food processing plants, and breweries. (Source: BNP Media, News, January 2023)
Food and Beverage Disinfection Market Report Coverage and Deliverables
The " Food and Beverage Disinfection Market Size and Forecast (2021–2031)" report provides a detailed analysis of the market covering below areas:
- Food and beverage disinfection market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Food and beverage disinfection market trends as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST/Porter's Five Forces and SWOT analysis
- Food and beverage disinfection market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the food and beverage disinfection market
- Detailed company profiles
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.
Frequently Asked Questions
The global food and beverage disinfection market is expected to grow at a CAGR of 4% during the forecast period 2023 - 2031.
The rising demand for processed food is one of the major factors driving the food and beverage disinfection market.
Increasing shift towards non-chemical disinfection is anticipated to play a significant role in the global food and beverage disinfection market in the coming years.
The leading players operating in the food and beverage disinfection market are Evonik Industries AG, Solvay SA, Ecolab Inc., Halma plc (Hanovia), Trojan Technologies (Danaher Corporation), Stepan Company, Diversey, Inc., CCL Pentasol, Tomi Environmental Solutions, Inc., Entaco NV, Advanced UV Inc., Evoqua Water Technologies LLC, Fink TEC GmbH, Sanixtreme, and Xylem Inc.
The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request.
Some of the customization options available based on request are additional 3–5 company profiles and country-specific analysis of 3–5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation, as our team would review the same and check the feasibility.
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 Food And Beverage Disinfection Market - By Type
1.3.2 Food And Beverage Disinfection Market - By Application Area
1.3.3 Food And Beverage Disinfection Market - By End-Use
1.3.4 Food And Beverage Disinfection Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. FOOD AND BEVERAGE DISINFECTION 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. FOOD AND BEVERAGE DISINFECTION 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. FOOD AND BEVERAGE DISINFECTION MARKET - GLOBAL MARKET ANALYSIS
6.1. FOOD AND BEVERAGE DISINFECTION - GLOBAL MARKET OVERVIEW
6.2. FOOD AND BEVERAGE DISINFECTION - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. FOOD AND BEVERAGE DISINFECTION MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. CHEMICAL
7.3.1. Overview
7.3.2. Chemical Market Forecast and Analysis
7.4. TECHNOLOGY
7.4.1. Overview
7.4.2. Technology Market Forecast and Analysis
8. FOOD AND BEVERAGE DISINFECTION MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION AREA
8.1. OVERVIEW
8.2. APPLICATION AREA MARKET FORECASTS AND ANALYSIS
8.3. FOOD PACKAGING
8.3.1. Overview
8.3.2. Food Packaging Market Forecast and Analysis
8.4. FOOD PROCESSING EQUIPMENT
8.4.1. Overview
8.4.2. Food Processing Equipment Market Forecast and Analysis
8.5. FOOD SURFACE
8.5.1. Overview
8.5.2. Food Surface Market Forecast and Analysis
9. FOOD AND BEVERAGE DISINFECTION MARKET - REVENUE AND FORECASTS TO 2028 - END-USE
9.1. OVERVIEW
9.2. END-USE MARKET FORECASTS AND ANALYSIS
9.3. FOOD INDUSTRY
9.3.1. Overview
9.3.2. Food Industry Market Forecast and Analysis
9.4. BEVERAGE INDUSTRY
9.4.1. Overview
9.4.2. Beverage Industry Market Forecast and Analysis
10. FOOD AND BEVERAGE DISINFECTION MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Food And Beverage Disinfection Market Overview
10.1.2 North America Food And Beverage Disinfection Market Forecasts and Analysis
10.1.3 North America Food And Beverage Disinfection Market Forecasts and Analysis - By Type
10.1.4 North America Food And Beverage Disinfection Market Forecasts and Analysis - By Application Area
10.1.5 North America Food And Beverage Disinfection Market Forecasts and Analysis - By End-Use
10.1.6 North America Food And Beverage Disinfection Market Forecasts and Analysis - By Countries
10.1.6.1 United States Food And Beverage Disinfection Market
10.1.6.1.1 United States Food And Beverage Disinfection Market by Type
10.1.6.1.2 United States Food And Beverage Disinfection Market by Application Area
10.1.6.1.3 United States Food And Beverage Disinfection Market by End-Use
10.1.6.2 Canada Food And Beverage Disinfection Market
10.1.6.2.1 Canada Food And Beverage Disinfection Market by Type
10.1.6.2.2 Canada Food And Beverage Disinfection Market by Application Area
10.1.6.2.3 Canada Food And Beverage Disinfection Market by End-Use
10.1.6.3 Mexico Food And Beverage Disinfection Market
10.1.6.3.1 Mexico Food And Beverage Disinfection Market by Type
10.1.6.3.2 Mexico Food And Beverage Disinfection Market by Application Area
10.1.6.3.3 Mexico Food And Beverage Disinfection Market by End-Use
10.2. EUROPE
10.2.1 Europe Food And Beverage Disinfection Market Overview
10.2.2 Europe Food And Beverage Disinfection Market Forecasts and Analysis
10.2.3 Europe Food And Beverage Disinfection Market Forecasts and Analysis - By Type
10.2.4 Europe Food And Beverage Disinfection Market Forecasts and Analysis - By Application Area
10.2.5 Europe Food And Beverage Disinfection Market Forecasts and Analysis - By End-Use
10.2.6 Europe Food And Beverage Disinfection Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Food And Beverage Disinfection Market
10.2.6.1.1 Germany Food And Beverage Disinfection Market by Type
10.2.6.1.2 Germany Food And Beverage Disinfection Market by Application Area
10.2.6.1.3 Germany Food And Beverage Disinfection Market by End-Use
10.2.6.2 France Food And Beverage Disinfection Market
10.2.6.2.1 France Food And Beverage Disinfection Market by Type
10.2.6.2.2 France Food And Beverage Disinfection Market by Application Area
10.2.6.2.3 France Food And Beverage Disinfection Market by End-Use
10.2.6.3 Italy Food And Beverage Disinfection Market
10.2.6.3.1 Italy Food And Beverage Disinfection Market by Type
10.2.6.3.2 Italy Food And Beverage Disinfection Market by Application Area
10.2.6.3.3 Italy Food And Beverage Disinfection Market by End-Use
10.2.6.4 United Kingdom Food And Beverage Disinfection Market
10.2.6.4.1 United Kingdom Food And Beverage Disinfection Market by Type
10.2.6.4.2 United Kingdom Food And Beverage Disinfection Market by Application Area
10.2.6.4.3 United Kingdom Food And Beverage Disinfection Market by End-Use
10.2.6.5 Russia Food And Beverage Disinfection Market
10.2.6.5.1 Russia Food And Beverage Disinfection Market by Type
10.2.6.5.2 Russia Food And Beverage Disinfection Market by Application Area
10.2.6.5.3 Russia Food And Beverage Disinfection Market by End-Use
10.2.6.6 Rest of Europe Food And Beverage Disinfection Market
10.2.6.6.1 Rest of Europe Food And Beverage Disinfection Market by Type
10.2.6.6.2 Rest of Europe Food And Beverage Disinfection Market by Application Area
10.2.6.6.3 Rest of Europe Food And Beverage Disinfection Market by End-Use
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Food And Beverage Disinfection Market Overview
10.3.2 Asia-Pacific Food And Beverage Disinfection Market Forecasts and Analysis
10.3.3 Asia-Pacific Food And Beverage Disinfection Market Forecasts and Analysis - By Type
10.3.4 Asia-Pacific Food And Beverage Disinfection Market Forecasts and Analysis - By Application Area
10.3.5 Asia-Pacific Food And Beverage Disinfection Market Forecasts and Analysis - By End-Use
10.3.6 Asia-Pacific Food And Beverage Disinfection Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Food And Beverage Disinfection Market
10.3.6.1.1 Australia Food And Beverage Disinfection Market by Type
10.3.6.1.2 Australia Food And Beverage Disinfection Market by Application Area
10.3.6.1.3 Australia Food And Beverage Disinfection Market by End-Use
10.3.6.2 China Food And Beverage Disinfection Market
10.3.6.2.1 China Food And Beverage Disinfection Market by Type
10.3.6.2.2 China Food And Beverage Disinfection Market by Application Area
10.3.6.2.3 China Food And Beverage Disinfection Market by End-Use
10.3.6.3 India Food And Beverage Disinfection Market
10.3.6.3.1 India Food And Beverage Disinfection Market by Type
10.3.6.3.2 India Food And Beverage Disinfection Market by Application Area
10.3.6.3.3 India Food And Beverage Disinfection Market by End-Use
10.3.6.4 Japan Food And Beverage Disinfection Market
10.3.6.4.1 Japan Food And Beverage Disinfection Market by Type
10.3.6.4.2 Japan Food And Beverage Disinfection Market by Application Area
10.3.6.4.3 Japan Food And Beverage Disinfection Market by End-Use
10.3.6.5 South Korea Food And Beverage Disinfection Market
10.3.6.5.1 South Korea Food And Beverage Disinfection Market by Type
10.3.6.5.2 South Korea Food And Beverage Disinfection Market by Application Area
10.3.6.5.3 South Korea Food And Beverage Disinfection Market by End-Use
10.3.6.6 Rest of Asia-Pacific Food And Beverage Disinfection Market
10.3.6.6.1 Rest of Asia-Pacific Food And Beverage Disinfection Market by Type
10.3.6.6.2 Rest of Asia-Pacific Food And Beverage Disinfection Market by Application Area
10.3.6.6.3 Rest of Asia-Pacific Food And Beverage Disinfection Market by End-Use
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Food And Beverage Disinfection Market Overview
10.4.2 Middle East and Africa Food And Beverage Disinfection Market Forecasts and Analysis
10.4.3 Middle East and Africa Food And Beverage Disinfection Market Forecasts and Analysis - By Type
10.4.4 Middle East and Africa Food And Beverage Disinfection Market Forecasts and Analysis - By Application Area
10.4.5 Middle East and Africa Food And Beverage Disinfection Market Forecasts and Analysis - By End-Use
10.4.6 Middle East and Africa Food And Beverage Disinfection Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Food And Beverage Disinfection Market
10.4.6.1.1 South Africa Food And Beverage Disinfection Market by Type
10.4.6.1.2 South Africa Food And Beverage Disinfection Market by Application Area
10.4.6.1.3 South Africa Food And Beverage Disinfection Market by End-Use
10.4.6.2 Saudi Arabia Food And Beverage Disinfection Market
10.4.6.2.1 Saudi Arabia Food And Beverage Disinfection Market by Type
10.4.6.2.2 Saudi Arabia Food And Beverage Disinfection Market by Application Area
10.4.6.2.3 Saudi Arabia Food And Beverage Disinfection Market by End-Use
10.4.6.3 U.A.E Food And Beverage Disinfection Market
10.4.6.3.1 U.A.E Food And Beverage Disinfection Market by Type
10.4.6.3.2 U.A.E Food And Beverage Disinfection Market by Application Area
10.4.6.3.3 U.A.E Food And Beverage Disinfection Market by End-Use
10.4.6.4 Rest of Middle East and Africa Food And Beverage Disinfection Market
10.4.6.4.1 Rest of Middle East and Africa Food And Beverage Disinfection Market by Type
10.4.6.4.2 Rest of Middle East and Africa Food And Beverage Disinfection Market by Application Area
10.4.6.4.3 Rest of Middle East and Africa Food And Beverage Disinfection Market by End-Use
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Food And Beverage Disinfection Market Overview
10.5.2 South and Central America Food And Beverage Disinfection Market Forecasts and Analysis
10.5.3 South and Central America Food And Beverage Disinfection Market Forecasts and Analysis - By Type
10.5.4 South and Central America Food And Beverage Disinfection Market Forecasts and Analysis - By Application Area
10.5.5 South and Central America Food And Beverage Disinfection Market Forecasts and Analysis - By End-Use
10.5.6 South and Central America Food And Beverage Disinfection Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Food And Beverage Disinfection Market
10.5.6.1.1 Brazil Food And Beverage Disinfection Market by Type
10.5.6.1.2 Brazil Food And Beverage Disinfection Market by Application Area
10.5.6.1.3 Brazil Food And Beverage Disinfection Market by End-Use
10.5.6.2 Argentina Food And Beverage Disinfection Market
10.5.6.2.1 Argentina Food And Beverage Disinfection Market by Type
10.5.6.2.2 Argentina Food And Beverage Disinfection Market by Application Area
10.5.6.2.3 Argentina Food And Beverage Disinfection Market by End-Use
10.5.6.3 Rest of South and Central America Food And Beverage Disinfection Market
10.5.6.3.1 Rest of South and Central America Food And Beverage Disinfection Market by Type
10.5.6.3.2 Rest of South and Central America Food And Beverage Disinfection Market by Application Area
10.5.6.3.3 Rest of South and Central America Food And Beverage Disinfection Market by End-Use
11. INDUSTRY LANDSCAPE
11.1. MERGERS AND ACQUISITIONS
11.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
11.3. NEW PRODUCT LAUNCHES
11.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
12. FOOD AND BEVERAGE DISINFECTION MARKET, KEY COMPANY PROFILES
12.1. ADVANCED UV INC
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. CCL PENTASOL 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. EVONIK INDUSTRIES AG
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. EVOQUA WATER TECHNOLOGIES LLC
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. FINK TEC GMBH
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. HALMA PLC
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. NEOGEN CORPORATION
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. SOLVAY S.A.
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. STEPAN COMPANY
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. XYLEM INC.
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
The List of Companies
1.Advanced UV Inc
2.CCL Pentasol Ltd
3.Evonik Industries AG
4.Evoqua Water Technologies LLC
5.Fink Tec GmbH
6.Halma plc
7.NEOGEN CORPORATION
8.Solvay S.A.
9.Stepan Company
10.Xylem Inc.
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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