Food Enzymes Market Dynamics - 2021 to 2031
The Food Enzymes Market is expected to register a CAGR of 6.3% from 2024 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.
The Food Enzymes Market is segmented by type into Carbohydrase, Proteases, Amylase, Lactase, and Others, and by application, i.e., Bakery and Confectionery, Dairy and Frozen Desserts, Beverages, Meat, Poultry and Seafood Products, and Others. Projections up to 2031 are included, focusing on the role of food enzymes in improving food processing efficiency and nutritive quality, and how these trends shape the market dynamics. The global analysis is broken down at the regional level and major countries. The market evaluation is presented in US$ for the above segmental analysis.
Purpose of the ReportThe report Food Enzymes Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Food Enzymes Market Segmentation
Type- Carbohydrase
- Proteases
- Amylase
- Lactase
- Others
- Bakery and Confectionery
- Dairy and Frozen Desserts
- Beverages
- Meat
- Poultry and Seafood Products
- Others
Strategic Insights
Food Enzymes Market Growth Drivers- Increasing Preference for Processed and Packaged Foods: Increased preference for convenience foods, which don’t require preparation is driving demand for food enzymes to increase the texture, taste, and shelf life of foods.
- Health and Wellness: With consumers pursuing functional foods, enzymes are being integrated into food formulations for greater digestibility, nutrition and bioavailability to serve manufacturers’ health-conscious consumers.
- Technological Innovations in Enzyme Manufacturing: With the advancements in technology for the manufacturing of enzymes like biotechnology and fermentation, more production, less cost, and more enzymes used in food industry.
- More Food Enzymes In Plant-Based Products: As plant-based eating has become more common, more food enzymes have been used to increase the texture, taste, and nutritional content of plant-based food products such as dairy replacements and meat substitutes.
- Clean Label Movement: People are now looking for clean-label products without artificial fillers, hence the growth of enzymes as natural agents which can improve food and make it chemical free to prolong its shelf life.
- Personalised Nutrition and Functional Foods: A trend towards personalized nutrition, which is using food enzymes for a specific health benefit (like better digestion or nutrient absorption) according to an individual’s dietary requirements.
- Expanding Vegan and Plant-Based Market: As more plant-based foods become popular, enzyme manufacturers have an opportunity to create customized enzyme formulas that give the plant-based alternatives like plant-based dairy and meat products a better flavor and texture.
- Growing Focus on Waste Reduction in Food Processing: Food processing is increasingly making use of enzymes to reduce waste through better yield, quality, and productivity when it comes to the extraction of juices and oils from plant material.
- Market Size in Developing Countries: As developing countries adopt new food processing technologies, food enzyme market is poised to grow in markets such as Asia-Pacific where economic growth drives the market for processed foods.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Food Enzymes Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Food Enzymes Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
- 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
- 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.
Frequently Asked Questions
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.
The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request.
Key companies in this market are- Amano Enzymes, Antozyme Biotech Pvt Ltd, Biocatalysts, DSM, Novozymes A/S, Advanced Enzyme Technologies Limited, International Flavors & Fragrances Inc, Infinita Biotech, Nutritech, Kerry Group,
The market is expected to register a CAGR of 6.3% during 2023-2031.
Key trends in the market include increased use in functional foods, and innovations in plant-based enzyme formulations.
The food enzymes market is driven by the rising demand for processed foods, growth in plant-based products, and technological advancements in enzyme production.
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 Enzymes Market - By Type
1.3.2 Food Enzymes Market - By Application
1.3.3 Food Enzymes Market - By Source
1.3.4 Food Enzymes Market - By Region
1.3.4.1 By Country
2. KEY TAKEWAYS
3. RESEARCH METHODOLOGY
4. FOOD ENZYMES 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 ENZYMES 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 ENZYMES MARKET - GLOBAL MARKET ANALYSIS
6.1. FOOD ENZYMES - GLOBAL MARKET OVERVIEW
6.2. FOOD ENZYMES - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. FOOD ENZYMES MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. CARBOHYDRATES
7.3.1. Overview
7.3.2. Carbohydrates Market Forecast and Analysis
7.4. PROTEASE
7.4.1. Overview
7.4.2. Protease Market Forecast and Analysis
7.5. LIPASE
7.5.1. Overview
7.5.2. Lipase Market Forecast and Analysis
7.6. OTHERS
7.6.1. Overview
7.6.2. Others Market Forecast and Analysis
8. FOOD ENZYMES MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. BEVERAGES
8.3.1. Overview
8.3.2. Beverages Market Forecast and Analysis
8.4. PROCESSED FOOD
8.4.1. Overview
8.4.2. Processed Food Market Forecast and Analysis
8.5. DAIRY PRODUCTS
8.5.1. Overview
8.5.2. Dairy Products Market Forecast and Analysis
8.6. BAKERY PRODUCTS
8.6.1. Overview
8.6.2. Bakery Products Market Forecast and Analysis
8.7. CONFECTIONERY PRODUCTS
8.7.1. Overview
8.7.2. Confectionery Products Market Forecast and Analysis
8.8. OTHERS
8.8.1. Overview
8.8.2. Others Market Forecast and Analysis
9. FOOD ENZYMES MARKET - REVENUE AND FORECASTS TO 2028 - SOURCE
9.1. OVERVIEW
9.2. SOURCE MARKET FORECASTS AND ANALYSIS
9.3. PLANTS
9.3.1. Overview
9.3.2. Plants Market Forecast and Analysis
9.4. ANIMALS
9.4.1. Overview
9.4.2. Animals Market Forecast and Analysis
9.5. MICROORGANISMS
9.5.1. Overview
9.5.2. Microorganisms Market Forecast and Analysis
10. FOOD ENZYMES MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Food Enzymes Market Overview
10.1.2 North America Food Enzymes Market Forecasts and Analysis
10.1.3 North America Food Enzymes Market Forecasts and Analysis - By Type
10.1.4 North America Food Enzymes Market Forecasts and Analysis - By Application
10.1.5 North America Food Enzymes Market Forecasts and Analysis - By Source
10.1.6 North America Food Enzymes Market Forecasts and Analysis - By Countries
10.1.6.1 United States Food Enzymes Market
10.1.6.1.1 United States Food Enzymes Market by Type
10.1.6.1.2 United States Food Enzymes Market by Application
10.1.6.1.3 United States Food Enzymes Market by Source
10.1.6.2 Canada Food Enzymes Market
10.1.6.2.1 Canada Food Enzymes Market by Type
10.1.6.2.2 Canada Food Enzymes Market by Application
10.1.6.2.3 Canada Food Enzymes Market by Source
10.1.6.3 Mexico Food Enzymes Market
10.1.6.3.1 Mexico Food Enzymes Market by Type
10.1.6.3.2 Mexico Food Enzymes Market by Application
10.1.6.3.3 Mexico Food Enzymes Market by Source
10.2. EUROPE
10.2.1 Europe Food Enzymes Market Overview
10.2.2 Europe Food Enzymes Market Forecasts and Analysis
10.2.3 Europe Food Enzymes Market Forecasts and Analysis - By Type
10.2.4 Europe Food Enzymes Market Forecasts and Analysis - By Application
10.2.5 Europe Food Enzymes Market Forecasts and Analysis - By Source
10.2.6 Europe Food Enzymes Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Food Enzymes Market
10.2.6.1.1 Germany Food Enzymes Market by Type
10.2.6.1.2 Germany Food Enzymes Market by Application
10.2.6.1.3 Germany Food Enzymes Market by Source
10.2.6.2 France Food Enzymes Market
10.2.6.2.1 France Food Enzymes Market by Type
10.2.6.2.2 France Food Enzymes Market by Application
10.2.6.2.3 France Food Enzymes Market by Source
10.2.6.3 Italy Food Enzymes Market
10.2.6.3.1 Italy Food Enzymes Market by Type
10.2.6.3.2 Italy Food Enzymes Market by Application
10.2.6.3.3 Italy Food Enzymes Market by Source
10.2.6.4 United Kingdom Food Enzymes Market
10.2.6.4.1 United Kingdom Food Enzymes Market by Type
10.2.6.4.2 United Kingdom Food Enzymes Market by Application
10.2.6.4.3 United Kingdom Food Enzymes Market by Source
10.2.6.5 Russia Food Enzymes Market
10.2.6.5.1 Russia Food Enzymes Market by Type
10.2.6.5.2 Russia Food Enzymes Market by Application
10.2.6.5.3 Russia Food Enzymes Market by Source
10.2.6.6 Rest of Europe Food Enzymes Market
10.2.6.6.1 Rest of Europe Food Enzymes Market by Type
10.2.6.6.2 Rest of Europe Food Enzymes Market by Application
10.2.6.6.3 Rest of Europe Food Enzymes Market by Source
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Food Enzymes Market Overview
10.3.2 Asia-Pacific Food Enzymes Market Forecasts and Analysis
10.3.3 Asia-Pacific Food Enzymes Market Forecasts and Analysis - By Type
10.3.4 Asia-Pacific Food Enzymes Market Forecasts and Analysis - By Application
10.3.5 Asia-Pacific Food Enzymes Market Forecasts and Analysis - By Source
10.3.6 Asia-Pacific Food Enzymes Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Food Enzymes Market
10.3.6.1.1 Australia Food Enzymes Market by Type
10.3.6.1.2 Australia Food Enzymes Market by Application
10.3.6.1.3 Australia Food Enzymes Market by Source
10.3.6.2 China Food Enzymes Market
10.3.6.2.1 China Food Enzymes Market by Type
10.3.6.2.2 China Food Enzymes Market by Application
10.3.6.2.3 China Food Enzymes Market by Source
10.3.6.3 India Food Enzymes Market
10.3.6.3.1 India Food Enzymes Market by Type
10.3.6.3.2 India Food Enzymes Market by Application
10.3.6.3.3 India Food Enzymes Market by Source
10.3.6.4 Japan Food Enzymes Market
10.3.6.4.1 Japan Food Enzymes Market by Type
10.3.6.4.2 Japan Food Enzymes Market by Application
10.3.6.4.3 Japan Food Enzymes Market by Source
10.3.6.5 South Korea Food Enzymes Market
10.3.6.5.1 South Korea Food Enzymes Market by Type
10.3.6.5.2 South Korea Food Enzymes Market by Application
10.3.6.5.3 South Korea Food Enzymes Market by Source
10.3.6.6 Rest of Asia-Pacific Food Enzymes Market
10.3.6.6.1 Rest of Asia-Pacific Food Enzymes Market by Type
10.3.6.6.2 Rest of Asia-Pacific Food Enzymes Market by Application
10.3.6.6.3 Rest of Asia-Pacific Food Enzymes Market by Source
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Food Enzymes Market Overview
10.4.2 Middle East and Africa Food Enzymes Market Forecasts and Analysis
10.4.3 Middle East and Africa Food Enzymes Market Forecasts and Analysis - By Type
10.4.4 Middle East and Africa Food Enzymes Market Forecasts and Analysis - By Application
10.4.5 Middle East and Africa Food Enzymes Market Forecasts and Analysis - By Source
10.4.6 Middle East and Africa Food Enzymes Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Food Enzymes Market
10.4.6.1.1 South Africa Food Enzymes Market by Type
10.4.6.1.2 South Africa Food Enzymes Market by Application
10.4.6.1.3 South Africa Food Enzymes Market by Source
10.4.6.2 Saudi Arabia Food Enzymes Market
10.4.6.2.1 Saudi Arabia Food Enzymes Market by Type
10.4.6.2.2 Saudi Arabia Food Enzymes Market by Application
10.4.6.2.3 Saudi Arabia Food Enzymes Market by Source
10.4.6.3 U.A.E Food Enzymes Market
10.4.6.3.1 U.A.E Food Enzymes Market by Type
10.4.6.3.2 U.A.E Food Enzymes Market by Application
10.4.6.3.3 U.A.E Food Enzymes Market by Source
10.4.6.4 Rest of Middle East and Africa Food Enzymes Market
10.4.6.4.1 Rest of Middle East and Africa Food Enzymes Market by Type
10.4.6.4.2 Rest of Middle East and Africa Food Enzymes Market by Application
10.4.6.4.3 Rest of Middle East and Africa Food Enzymes Market by Source
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Food Enzymes Market Overview
10.5.2 South and Central America Food Enzymes Market Forecasts and Analysis
10.5.3 South and Central America Food Enzymes Market Forecasts and Analysis - By Type
10.5.4 South and Central America Food Enzymes Market Forecasts and Analysis - By Application
10.5.5 South and Central America Food Enzymes Market Forecasts and Analysis - By Source
10.5.6 South and Central America Food Enzymes Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Food Enzymes Market
10.5.6.1.1 Brazil Food Enzymes Market by Type
10.5.6.1.2 Brazil Food Enzymes Market by Application
10.5.6.1.3 Brazil Food Enzymes Market by Source
10.5.6.2 Argentina Food Enzymes Market
10.5.6.2.1 Argentina Food Enzymes Market by Type
10.5.6.2.2 Argentina Food Enzymes Market by Application
10.5.6.2.3 Argentina Food Enzymes Market by Source
10.5.6.3 Rest of South and Central America Food Enzymes Market
10.5.6.3.1 Rest of South and Central America Food Enzymes Market by Type
10.5.6.3.2 Rest of South and Central America Food Enzymes Market by Application
10.5.6.3.3 Rest of South and Central America Food Enzymes Market by Source
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 ENZYMES MARKET, KEY COMPANY PROFILES
12.1. ASSOCIATED BRITISH FOODS PLC
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. BIOCATALYSTS LIMITED
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. BRENNTAG NORTH AMERICA, INC.
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. CHR. HANSEN HOLDING A/S
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. E. I. DU PONT DE NEMOURS AND COMPANY
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. JIANGSU BOLI BIOPRODUCTS CO., LTD.
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. KERRY GROUP
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. KONINKLIJKE DSM N.V.,
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. NOVOZYMES
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. PURATOS GROUP
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. Associated British Foods plc
2. Biocatalysts Limited
3. Brenntag North America, Inc.
4. Chr. Hansen Holding A/S
5. E. I. du Pont de Nemours and Company
6. Jiangsu Boli Bioproducts Co., Ltd.
7. Kerry Group
8. Koninklijke DSM N.V.,
9. Novozymes
10. Puratos Group
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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