Food Grade Gases Market SWOT and PEST Analysis 2021-2031
The Food Grade Gases Market is expected to register a CAGR of 6.7% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.
The Food Grade Gases Market is segmented by type into Carbon Dioxide, Nitrogen, Oxygen, and Others, and by application, i.e., Freezing and Chilling, Packaging, Carbonation, and Others. It also categorizes by end-use, including Beverages, Meat Poultry and Seafood Products, Dairy and Frozen Products, Fruits and Vegetables, Convenience Food Products, Bakery and Confectionery Products, and Others. Projections through 2031 provide insights into how food-grade gases affect food safety, shelf life, and consumer satisfaction. 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 Grade Gases 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 Grade Gases Market Segmentation
Type- Carbon Dioxide
- Nitrogen
- Oxygen
- Others
- Freezing and Chilling
- Packaging
- Carbonation
- Others
- Beverages
- Meat Poultry and Seafood Products
- Dairy and Frozen Products
- Fruits and Vegetables
- Convenience Food Products
- Bakery and Confectionery Products
- Others
- Bulk
- Cylinder
- Bulk
- Cylinder
Strategic Insights
Food Grade Gases Market Growth Drivers- Increasing Consumer Interest in Fresh and Ready-to-Eat Foods: As consumers’ interest in fresh, ready-to-eat food increases, food-grade gases are utilized in the packaging to keep food fresh, fresh and free of contamination, which is driving the growth of the market.
- Expanding Demand for Packaged and Processed Foods: Rising global consumption of packaged foods and beverages spurs the market for food-grade gases such as nitrogen, carbon dioxide and oxygen to package, preserve and extend shelf life.
- Innovations in Food Preservation: With developments in MAP and controlled atmosphere storage, food-grade gases are becoming a major part of the solution to better preserve food, preserve freshness, and prevent food loss.
- Growing Demand for Sustainable and Eco-Friendly Packaging: The demand for more sustainable and eco-friendly packaging is pushed by the food business to use food grade gases, which are likely to help save money on preservatives and extend shelf life.
- Popularity of Nitrogen-Based Packaging: Nitrogen-based packaging to preserve freshness and product quality by preventing oxidation is now a hot commodity in the snack food, beverage and fresh produce industries.
- Technological Improvements on Gas Control Systems: Newer gas control technology allows you to use more accurately food-grade gases for better shelf-life, quality and package efficiencies.
- Growth in Emerging Markets: As processing and packaged food increases in markets such as Asia-Pacific, the requirement for food-grade gases will also increase dramatically which would provide suppliers with an opportunity to develop their market in these markets.
- Increase in Organic Food Market: With the rising market of organic foods which need to be retuned periodically to preserve quality, it’s a perfect time to offer more green and non-toxic food-grade gases for packaging and storage.
- Food Grade Gases in Novel Food Use Cases: Food gases can be used in novel food markets such as plant-based foods, functional foods and beverage carbonating to provide manufacturers new revenue opportunities.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Food Grade Gases 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 Grade Gases 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.
REGIONAL FRAMEWORK
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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.
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- Praxair Technology, Inc., Linde, Air Products and Chemicals, Inc., Air Liquide, Messer Group, TAIYO NIPPON SANSO CORPORATION, WESFARMERS LIMITEDm, SolGroup, Gulf Cryo, AIR WATER INC,
The market is expected to focus on eco-friendly alternatives, innovations in food packaging technologies, and increased use of gases for extended shelf life.
The market is expected to register a CAGR of 6.7% during 2023-2031.
The food grade gases market is driven by the growing demand for food preservation technologies like Modified Atmosphere Packaging (MAP) and advancements in refrigeration.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Food Grade Gases Market - By Type
1.3.2 Food Grade Gases Market - By Application
1.3.3 Food Grade Gases Market - By End-Use
1.3.4 Food Grade Gases Market - By Mode of Supply
1.3.5 Food Grade Gases Market - By Region
1.3.5.1 By Country
2. KEY TAKEWAYS
3. RESEARCH METHODOLOGY
4. FOOD GRADE GASES 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 GRADE GASES 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 GRADE GASES MARKET - GLOBAL MARKET ANALYSIS
6.1. FOOD GRADE GASES - GLOBAL MARKET OVERVIEW
6.2. FOOD GRADE GASES - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. FOOD GRADE GASES MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. CARBON DIOXIDE
7.3.1. Overview
7.3.2. Carbon Dioxide Market Forecast and Analysis
7.4. NITROGEN
7.4.1. Overview
7.4.2. Nitrogen Market Forecast and Analysis
7.5. OXYGEN
7.5.1. Overview
7.5.2. Oxygen Market Forecast and Analysis
7.6. OTHERS
7.6.1. Overview
7.6.2. Others Market Forecast and Analysis
8. FOOD GRADE GASES MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. FREEZING AND CHILLING
8.3.1. Overview
8.3.2. Freezing and Chilling Market Forecast and Analysis
8.4. PACKAGING
8.4.1. Overview
8.4.2. Packaging Market Forecast and Analysis
8.5. CARBONATION
8.5.1. Overview
8.5.2. Carbonation Market Forecast and Analysis
8.6. OTHERS
8.6.1. Overview
8.6.2. Others Market Forecast and Analysis
9. FOOD GRADE GASES MARKET - REVENUE AND FORECASTS TO 2028 - END-USE
9.1. OVERVIEW
9.2. END-USE MARKET FORECASTS AND ANALYSIS
9.3. BEVERAGES
9.3.1. Overview
9.3.2. Beverages Market Forecast and Analysis
9.4. MEAT POULTRY AND SEAFOOD PRODUCTS
9.4.1. Overview
9.4.2. Meat Poultry and Seafood Products Market Forecast and Analysis
9.5. DAIRY AND FROZEN PRODUCTS
9.5.1. Overview
9.5.2. Dairy and Frozen Products Market Forecast and Analysis
9.6. FRUITS AND VEGETABLES
9.6.1. Overview
9.6.2. Fruits and Vegetables Market Forecast and Analysis
9.7. CONVENIENCE FOOD PRODUCTS
9.7.1. Overview
9.7.2. Convenience Food Products Market Forecast and Analysis
9.8. BAKERY AND CONFECTIONERY PRODUCTS
9.8.1. Overview
9.8.2. Bakery and Confectionery Products Market Forecast and Analysis
9.9. OTHERS
9.9.1. Overview
9.9.2. Others Market Forecast and Analysis
10. FOOD GRADE GASES MARKET - REVENUE AND FORECASTS TO 2028 - MODE OF SUPPLY
10.1. OVERVIEW
10.2. MODE OF SUPPLY MARKET FORECASTS AND ANALYSIS
10.3. BULK
10.3.1. Overview
10.3.2. Bulk Market Forecast and Analysis
10.4. CYLINDER
10.4.1. Overview
10.4.2. Cylinder Market Forecast and Analysis
11. FOOD GRADE GASES MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
11.1. NORTH AMERICA
11.1.1 North America Food Grade Gases Market Overview
11.1.2 North America Food Grade Gases Market Forecasts and Analysis
11.1.3 North America Food Grade Gases Market Forecasts and Analysis - By Type
11.1.4 North America Food Grade Gases Market Forecasts and Analysis - By Application
11.1.5 North America Food Grade Gases Market Forecasts and Analysis - By End-Use
11.1.6 North America Food Grade Gases Market Forecasts and Analysis - By Mode of Supply
11.1.7 North America Food Grade Gases Market Forecasts and Analysis - By Countries
11.1.7.1 United States Food Grade Gases Market
11.1.7.1.1 United States Food Grade Gases Market by Type
11.1.7.1.2 United States Food Grade Gases Market by Application
11.1.7.1.3 United States Food Grade Gases Market by End-Use
11.1.7.1.4 United States Food Grade Gases Market by Mode of Supply
11.1.7.2 Canada Food Grade Gases Market
11.1.7.2.1 Canada Food Grade Gases Market by Type
11.1.7.2.2 Canada Food Grade Gases Market by Application
11.1.7.2.3 Canada Food Grade Gases Market by End-Use
11.1.7.2.4 Canada Food Grade Gases Market by Mode of Supply
11.1.7.3 Mexico Food Grade Gases Market
11.1.7.3.1 Mexico Food Grade Gases Market by Type
11.1.7.3.2 Mexico Food Grade Gases Market by Application
11.1.7.3.3 Mexico Food Grade Gases Market by End-Use
11.1.7.3.4 Mexico Food Grade Gases Market by Mode of Supply
11.2. EUROPE
11.2.1 Europe Food Grade Gases Market Overview
11.2.2 Europe Food Grade Gases Market Forecasts and Analysis
11.2.3 Europe Food Grade Gases Market Forecasts and Analysis - By Type
11.2.4 Europe Food Grade Gases Market Forecasts and Analysis - By Application
11.2.5 Europe Food Grade Gases Market Forecasts and Analysis - By End-Use
11.2.6 Europe Food Grade Gases Market Forecasts and Analysis - By Mode of Supply
11.2.7 Europe Food Grade Gases Market Forecasts and Analysis - By Countries
11.2.7.1 Germany Food Grade Gases Market
11.2.7.1.1 Germany Food Grade Gases Market by Type
11.2.7.1.2 Germany Food Grade Gases Market by Application
11.2.7.1.3 Germany Food Grade Gases Market by End-Use
11.2.7.1.4 Germany Food Grade Gases Market by Mode of Supply
11.2.7.2 France Food Grade Gases Market
11.2.7.2.1 France Food Grade Gases Market by Type
11.2.7.2.2 France Food Grade Gases Market by Application
11.2.7.2.3 France Food Grade Gases Market by End-Use
11.2.7.2.4 France Food Grade Gases Market by Mode of Supply
11.2.7.3 Italy Food Grade Gases Market
11.2.7.3.1 Italy Food Grade Gases Market by Type
11.2.7.3.2 Italy Food Grade Gases Market by Application
11.2.7.3.3 Italy Food Grade Gases Market by End-Use
11.2.7.3.4 Italy Food Grade Gases Market by Mode of Supply
11.2.7.4 United Kingdom Food Grade Gases Market
11.2.7.4.1 United Kingdom Food Grade Gases Market by Type
11.2.7.4.2 United Kingdom Food Grade Gases Market by Application
11.2.7.4.3 United Kingdom Food Grade Gases Market by End-Use
11.2.7.4.4 United Kingdom Food Grade Gases Market by Mode of Supply
11.2.7.5 Russia Food Grade Gases Market
11.2.7.5.1 Russia Food Grade Gases Market by Type
11.2.7.5.2 Russia Food Grade Gases Market by Application
11.2.7.5.3 Russia Food Grade Gases Market by End-Use
11.2.7.5.4 Russia Food Grade Gases Market by Mode of Supply
11.2.7.6 Rest of Europe Food Grade Gases Market
11.2.7.6.1 Rest of Europe Food Grade Gases Market by Type
11.2.7.6.2 Rest of Europe Food Grade Gases Market by Application
11.2.7.6.3 Rest of Europe Food Grade Gases Market by End-Use
11.2.7.6.4 Rest of Europe Food Grade Gases Market by Mode of Supply
11.3. ASIA-PACIFIC
11.3.1 Asia-Pacific Food Grade Gases Market Overview
11.3.2 Asia-Pacific Food Grade Gases Market Forecasts and Analysis
11.3.3 Asia-Pacific Food Grade Gases Market Forecasts and Analysis - By Type
11.3.4 Asia-Pacific Food Grade Gases Market Forecasts and Analysis - By Application
11.3.5 Asia-Pacific Food Grade Gases Market Forecasts and Analysis - By End-Use
11.3.6 Asia-Pacific Food Grade Gases Market Forecasts and Analysis - By Mode of Supply
11.3.7 Asia-Pacific Food Grade Gases Market Forecasts and Analysis - By Countries
11.3.7.1 Australia Food Grade Gases Market
11.3.7.1.1 Australia Food Grade Gases Market by Type
11.3.7.1.2 Australia Food Grade Gases Market by Application
11.3.7.1.3 Australia Food Grade Gases Market by End-Use
11.3.7.1.4 Australia Food Grade Gases Market by Mode of Supply
11.3.7.2 China Food Grade Gases Market
11.3.7.2.1 China Food Grade Gases Market by Type
11.3.7.2.2 China Food Grade Gases Market by Application
11.3.7.2.3 China Food Grade Gases Market by End-Use
11.3.7.2.4 China Food Grade Gases Market by Mode of Supply
11.3.7.3 India Food Grade Gases Market
11.3.7.3.1 India Food Grade Gases Market by Type
11.3.7.3.2 India Food Grade Gases Market by Application
11.3.7.3.3 India Food Grade Gases Market by End-Use
11.3.7.3.4 India Food Grade Gases Market by Mode of Supply
11.3.7.4 Japan Food Grade Gases Market
11.3.7.4.1 Japan Food Grade Gases Market by Type
11.3.7.4.2 Japan Food Grade Gases Market by Application
11.3.7.4.3 Japan Food Grade Gases Market by End-Use
11.3.7.4.4 Japan Food Grade Gases Market by Mode of Supply
11.3.7.5 South Korea Food Grade Gases Market
11.3.7.5.1 South Korea Food Grade Gases Market by Type
11.3.7.5.2 South Korea Food Grade Gases Market by Application
11.3.7.5.3 South Korea Food Grade Gases Market by End-Use
11.3.7.5.4 South Korea Food Grade Gases Market by Mode of Supply
11.3.7.6 Rest of Asia-Pacific Food Grade Gases Market
11.3.7.6.1 Rest of Asia-Pacific Food Grade Gases Market by Type
11.3.7.6.2 Rest of Asia-Pacific Food Grade Gases Market by Application
11.3.7.6.3 Rest of Asia-Pacific Food Grade Gases Market by End-Use
11.3.7.6.4 Rest of Asia-Pacific Food Grade Gases Market by Mode of Supply
11.4. MIDDLE EAST AND AFRICA
11.4.1 Middle East and Africa Food Grade Gases Market Overview
11.4.2 Middle East and Africa Food Grade Gases Market Forecasts and Analysis
11.4.3 Middle East and Africa Food Grade Gases Market Forecasts and Analysis - By Type
11.4.4 Middle East and Africa Food Grade Gases Market Forecasts and Analysis - By Application
11.4.5 Middle East and Africa Food Grade Gases Market Forecasts and Analysis - By End-Use
11.4.6 Middle East and Africa Food Grade Gases Market Forecasts and Analysis - By Mode of Supply
11.4.7 Middle East and Africa Food Grade Gases Market Forecasts and Analysis - By Countries
11.4.7.1 South Africa Food Grade Gases Market
11.4.7.1.1 South Africa Food Grade Gases Market by Type
11.4.7.1.2 South Africa Food Grade Gases Market by Application
11.4.7.1.3 South Africa Food Grade Gases Market by End-Use
11.4.7.1.4 South Africa Food Grade Gases Market by Mode of Supply
11.4.7.2 Saudi Arabia Food Grade Gases Market
11.4.7.2.1 Saudi Arabia Food Grade Gases Market by Type
11.4.7.2.2 Saudi Arabia Food Grade Gases Market by Application
11.4.7.2.3 Saudi Arabia Food Grade Gases Market by End-Use
11.4.7.2.4 Saudi Arabia Food Grade Gases Market by Mode of Supply
11.4.7.3 U.A.E Food Grade Gases Market
11.4.7.3.1 U.A.E Food Grade Gases Market by Type
11.4.7.3.2 U.A.E Food Grade Gases Market by Application
11.4.7.3.3 U.A.E Food Grade Gases Market by End-Use
11.4.7.3.4 U.A.E Food Grade Gases Market by Mode of Supply
11.4.7.4 Rest of Middle East and Africa Food Grade Gases Market
11.4.7.4.1 Rest of Middle East and Africa Food Grade Gases Market by Type
11.4.7.4.2 Rest of Middle East and Africa Food Grade Gases Market by Application
11.4.7.4.3 Rest of Middle East and Africa Food Grade Gases Market by End-Use
11.4.7.4.4 Rest of Middle East and Africa Food Grade Gases Market by Mode of Supply
11.5. SOUTH AND CENTRAL AMERICA
11.5.1 South and Central America Food Grade Gases Market Overview
11.5.2 South and Central America Food Grade Gases Market Forecasts and Analysis
11.5.3 South and Central America Food Grade Gases Market Forecasts and Analysis - By Type
11.5.4 South and Central America Food Grade Gases Market Forecasts and Analysis - By Application
11.5.5 South and Central America Food Grade Gases Market Forecasts and Analysis - By End-Use
11.5.6 South and Central America Food Grade Gases Market Forecasts and Analysis - By Mode of Supply
11.5.7 South and Central America Food Grade Gases Market Forecasts and Analysis - By Countries
11.5.7.1 Brazil Food Grade Gases Market
11.5.7.1.1 Brazil Food Grade Gases Market by Type
11.5.7.1.2 Brazil Food Grade Gases Market by Application
11.5.7.1.3 Brazil Food Grade Gases Market by End-Use
11.5.7.1.4 Brazil Food Grade Gases Market by Mode of Supply
11.5.7.2 Argentina Food Grade Gases Market
11.5.7.2.1 Argentina Food Grade Gases Market by Type
11.5.7.2.2 Argentina Food Grade Gases Market by Application
11.5.7.2.3 Argentina Food Grade Gases Market by End-Use
11.5.7.2.4 Argentina Food Grade Gases Market by Mode of Supply
11.5.7.3 Rest of South and Central America Food Grade Gases Market
11.5.7.3.1 Rest of South and Central America Food Grade Gases Market by Type
11.5.7.3.2 Rest of South and Central America Food Grade Gases Market by Application
11.5.7.3.3 Rest of South and Central America Food Grade Gases Market by End-Use
11.5.7.3.4 Rest of South and Central America Food Grade Gases Market by Mode of Supply
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. FOOD GRADE GASES MARKET, KEY COMPANY PROFILES
13.1. PRAXAIR TECHNOLOGY, INC.
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. LINDE
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. AIR PRODUCTS AND CHEMICALS, INC.
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. AIR LIQUIDE
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. MESSER GROUP
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. TAIYO NIPPON SANSO CORPORATION
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. WESFARMERS LIMITED
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. SOLGROUP
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. GULF CRYO
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. AIR WATER INC
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. Praxair Technology, Inc.
2. Linde
3. Air Products and Chemicals, Inc.
4. Air Liquide
5. Messer Group
6. TAIYO NIPPON SANSO CORPORATION
7. WESFARMERS LIMITED
8. SolGroup
9. Gulf Cryo
10. AIR WATER 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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