Food Thickeners Market Analysis 2021-2031 | Trends and Top Players
The Food Thickeners Market is expected to register a CAGR of 6.2% from 2024 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.
The Food Thickeners market report is segmented by type into Hydrocolloids, Protein, and Starch. The source segment includes Plant, Animal, and Microbial. The application segment includes Bakery, Confectionery, Beverages, Dairy, and Convenience and Processed Foods. The market evaluation is presented in US$ for the above segmental analysis. 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 Thickeners 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 Thickeners Market Segmentation
Type- Hydrocolloids
- Protein
- Starch
- Plant
- Animal
- Microbial
- Bakery
- Confectionery
- Beverages
- Dairy
- Convenience and Processed Foods
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Strategic Insights
Food Thickeners Market Growth Drivers- Plant-Based Diets and Trends: With the growing popularity of plant-based diets, there is a positive market trend for food thickeners derived from plant-based sources such as starches and hydrocolloids.
- Food and Beverage Industry Growth: The expansion of the food and beverage industry, coupled with advances in food processing technologies, is propelling the demand for food thickeners.
- Innovation and Functionality in Food Products: As food manufacturers focus on innovation and improving functionality in their products, the demand for food thickeners will continue to rise, further driving market growth.
- Personalized Nutrition and Dietary Restrictions: The demand for targeted, customized food thickeners is growing, especially for gluten-free, dairy-free, and low-calorie diets, driven by trends in personalized nutrition.
- Sustainability and Eco-Friendly Focus: There is a growing emphasis on sustainable and eco-friendly food thickeners, with manufacturers who prioritize environmental issues and engage in sustainable sourcing positioning themselves for long-term success.
- Clean-Label and Natural Thickeners: Consumers are increasingly seeking minimal processing and artificial additives, leading to a growing demand for plant-based and organic thickeners.
- Functional Foods and Beverages: The increasing consumption of functional foods and beverages creates opportunities for developing food thickeners with added health benefits, such as prebiotics, antioxidants, or immune-boosting properties.
- Growth in Emerging Markets: The expanding food and beverage industry in emerging markets, particularly in Asia-Pacific, presents significant growth potential. Manufacturers can tap into this demand by offering convenient, flavorful, and nutritious food products that cater to diverse culinary preferences and dietary needs.
- Clean-Label and Natural Ingredients: High demand for clean-label, natural ingredients provides a prime opportunity to develop and market novel food thickeners from sustainable sources, whether plant-based or organic.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Food Thickeners 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 Thickeners 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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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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Frequently Asked Questions
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.
The leading players of the market are: Archer Daniels Midland Company, Ashland Inc., Cargill, Incorporated., CP Kelco (J.M. Huber Corporation), E. I. du Pont de Nemours and Company, Fuerst Day Lawson Ltd., Ingredion Incorporated, Kerry Inc., Tate & Lyle PLC, TIC Gums, Inc.
The Food Thickeners Market holds good prospects due to a number of emerging trends. Demand for clean-label and natural ingredients is driving growth in the plant-based and organic categories. Growth in functional foods and beverages is driving the emergence of health benefit-enriched thickeners, and a rise in personalized nutrition and dietary restrictions is adding impetus to demand for more specific types of thickeners. As sustainability becomes a concern, the development of eco-friendly and sustainable thickeners will be a major trend.
Food Thickeners Market is expected to grow at a CAGR of 6.2% between 2023-2031
The Food Thickeners Market is primarily driven by the increasing demand for convenience foods as thickeners improve texture and stability. Increasing health and wellness trends also fuel the market, with consumers seeking natural and clean-label products. The popularity of plant-based diets is also growing, increasing demand for plant-derived thickeners. Other factors that fuel the market growth are improvements in food processing technologies and the expanding food and beverage industry.
1.INTRODUCTION
1.1.SCOPE OF THE STUDY
1.2.THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3.MARKET SEGMENTATION
1.3.1Food Thickeners Market - By Type
1.3.2Food Thickeners Market - By Source
1.3.3Food Thickeners Market - By Application
1.3.4Food Thickeners Market - By Region
1.3.4.1By Country
2.KEY TAKEWAYS
3.RESEARCH METHODOLOGY
4.FOOD THICKENERS MARKET LANDSCAPE
4.1.OVERVIEW
4.2.PEST ANALYSIS
4.2.1North America - Pest Analysis
4.2.2Europe - Pest Analysis
4.2.3Asia-Pacific - Pest Analysis
4.2.4Middle East and Africa - Pest Analysis
4.2.5South and Central America - Pest Analysis
4.3.EXPERT OPINIONS
5.FOOD THICKENERS 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 THICKENERS MARKET - GLOBAL MARKET ANALYSIS
6.1.FOOD THICKENERS - GLOBAL MARKET OVERVIEW
6.2.FOOD THICKENERS - GLOBAL MARKET AND FORECAST TO 2028
6.3.MARKET POSITIONING/MARKET SHARE
7.FOOD THICKENERS MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1.OVERVIEW
7.2.TYPE MARKET FORECASTS AND ANALYSIS
7.3.HYDROCOLLOIDS
7.3.1.Overview
7.3.2.Hydrocolloids Market Forecast and Analysis
7.4.PROTEIN
7.4.1.Overview
7.4.2.Protein Market Forecast and Analysis
7.5.STARCH
7.5.1.Overview
7.5.2.Starch Market Forecast and Analysis
8.FOOD THICKENERS MARKET - REVENUE AND FORECASTS TO 2028 - SOURCE
8.1.OVERVIEW
8.2.SOURCE MARKET FORECASTS AND ANALYSIS
8.3.PLANT
8.3.1.Overview
8.3.2.Plant Market Forecast and Analysis
8.4.ANIMAL
8.4.1.Overview
8.4.2.Animal Market Forecast and Analysis
8.5.MICROBIAL
8.5.1.Overview
8.5.2.Microbial Market Forecast and Analysis
8.6.OTHERS
8.6.1.Overview
8.6.2.Others Market Forecast and Analysis
9.FOOD THICKENERS MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
9.1.OVERVIEW
9.2.APPLICATION MARKET FORECASTS AND ANALYSIS
9.3.BAKERY
9.3.1.Overview
9.3.2.Bakery Market Forecast and Analysis
9.4.CONFECTIONERY
9.4.1.Overview
9.4.2.Confectionery Market Forecast and Analysis
9.5.BEVERAGES
9.5.1.Overview
9.5.2.Beverages Market Forecast and Analysis
9.6.DAIRY
9.6.1.Overview
9.6.2.Dairy Market Forecast and Analysis
9.7.CONVENIENCE AND PROCESSED FOODS
9.7.1.Overview
9.7.2.Convenience and Processed Foods Market Forecast and Analysis
9.8.OTHERS
9.8.1.Overview
9.8.2.Others Market Forecast and Analysis
10.FOOD THICKENERS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1.NORTH AMERICA
10.1.1North America Food Thickeners Market Overview
10.1.2North America Food Thickeners Market Forecasts and Analysis
10.1.3North America Food Thickeners Market Forecasts and Analysis - By Type
10.1.4North America Food Thickeners Market Forecasts and Analysis - By Source
10.1.5North America Food Thickeners Market Forecasts and Analysis - By Application
10.1.6North America Food Thickeners Market Forecasts and Analysis - By Countries
10.1.6.1United States Food Thickeners Market
10.1.6.1.1United States Food Thickeners Market by Type
10.1.6.1.2United States Food Thickeners Market by Source
10.1.6.1.3United States Food Thickeners Market by Application
10.1.6.2Canada Food Thickeners Market
10.1.6.2.1Canada Food Thickeners Market by Type
10.1.6.2.2Canada Food Thickeners Market by Source
10.1.6.2.3Canada Food Thickeners Market by Application
10.1.6.3Mexico Food Thickeners Market
10.1.6.3.1Mexico Food Thickeners Market by Type
10.1.6.3.2Mexico Food Thickeners Market by Source
10.1.6.3.3Mexico Food Thickeners Market by Application
10.2.EUROPE
10.2.1Europe Food Thickeners Market Overview
10.2.2Europe Food Thickeners Market Forecasts and Analysis
10.2.3Europe Food Thickeners Market Forecasts and Analysis - By Type
10.2.4Europe Food Thickeners Market Forecasts and Analysis - By Source
10.2.5Europe Food Thickeners Market Forecasts and Analysis - By Application
10.2.6Europe Food Thickeners Market Forecasts and Analysis - By Countries
10.2.6.1Germany Food Thickeners Market
10.2.6.1.1Germany Food Thickeners Market by Type
10.2.6.1.2Germany Food Thickeners Market by Source
10.2.6.1.3Germany Food Thickeners Market by Application
10.2.6.2France Food Thickeners Market
10.2.6.2.1France Food Thickeners Market by Type
10.2.6.2.2France Food Thickeners Market by Source
10.2.6.2.3France Food Thickeners Market by Application
10.2.6.3Italy Food Thickeners Market
10.2.6.3.1Italy Food Thickeners Market by Type
10.2.6.3.2Italy Food Thickeners Market by Source
10.2.6.3.3Italy Food Thickeners Market by Application
10.2.6.4United Kingdom Food Thickeners Market
10.2.6.4.1United Kingdom Food Thickeners Market by Type
10.2.6.4.2United Kingdom Food Thickeners Market by Source
10.2.6.4.3United Kingdom Food Thickeners Market by Application
10.2.6.5Russia Food Thickeners Market
10.2.6.5.1Russia Food Thickeners Market by Type
10.2.6.5.2Russia Food Thickeners Market by Source
10.2.6.5.3Russia Food Thickeners Market by Application
10.2.6.6Rest of Europe Food Thickeners Market
10.2.6.6.1Rest of Europe Food Thickeners Market by Type
10.2.6.6.2Rest of Europe Food Thickeners Market by Source
10.2.6.6.3Rest of Europe Food Thickeners Market by Application
10.3.ASIA-PACIFIC
10.3.1Asia-Pacific Food Thickeners Market Overview
10.3.2Asia-Pacific Food Thickeners Market Forecasts and Analysis
10.3.3Asia-Pacific Food Thickeners Market Forecasts and Analysis - By Type
10.3.4Asia-Pacific Food Thickeners Market Forecasts and Analysis - By Source
10.3.5Asia-Pacific Food Thickeners Market Forecasts and Analysis - By Application
10.3.6Asia-Pacific Food Thickeners Market Forecasts and Analysis - By Countries
10.3.6.1Australia Food Thickeners Market
10.3.6.1.1Australia Food Thickeners Market by Type
10.3.6.1.2Australia Food Thickeners Market by Source
10.3.6.1.3Australia Food Thickeners Market by Application
10.3.6.2China Food Thickeners Market
10.3.6.2.1China Food Thickeners Market by Type
10.3.6.2.2China Food Thickeners Market by Source
10.3.6.2.3China Food Thickeners Market by Application
10.3.6.3India Food Thickeners Market
10.3.6.3.1India Food Thickeners Market by Type
10.3.6.3.2India Food Thickeners Market by Source
10.3.6.3.3India Food Thickeners Market by Application
10.3.6.4Japan Food Thickeners Market
10.3.6.4.1Japan Food Thickeners Market by Type
10.3.6.4.2Japan Food Thickeners Market by Source
10.3.6.4.3Japan Food Thickeners Market by Application
10.3.6.5South Korea Food Thickeners Market
10.3.6.5.1South Korea Food Thickeners Market by Type
10.3.6.5.2South Korea Food Thickeners Market by Source
10.3.6.5.3South Korea Food Thickeners Market by Application
10.3.6.6Rest of Asia-Pacific Food Thickeners Market
10.3.6.6.1Rest of Asia-Pacific Food Thickeners Market by Type
10.3.6.6.2Rest of Asia-Pacific Food Thickeners Market by Source
10.3.6.6.3Rest of Asia-Pacific Food Thickeners Market by Application
10.4.MIDDLE EAST AND AFRICA
10.4.1Middle East and Africa Food Thickeners Market Overview
10.4.2Middle East and Africa Food Thickeners Market Forecasts and Analysis
10.4.3Middle East and Africa Food Thickeners Market Forecasts and Analysis - By Type
10.4.4Middle East and Africa Food Thickeners Market Forecasts and Analysis - By Source
10.4.5Middle East and Africa Food Thickeners Market Forecasts and Analysis - By Application
10.4.6Middle East and Africa Food Thickeners Market Forecasts and Analysis - By Countries
10.4.6.1South Africa Food Thickeners Market
10.4.6.1.1South Africa Food Thickeners Market by Type
10.4.6.1.2South Africa Food Thickeners Market by Source
10.4.6.1.3South Africa Food Thickeners Market by Application
10.4.6.2Saudi Arabia Food Thickeners Market
10.4.6.2.1Saudi Arabia Food Thickeners Market by Type
10.4.6.2.2Saudi Arabia Food Thickeners Market by Source
10.4.6.2.3Saudi Arabia Food Thickeners Market by Application
10.4.6.3U.A.E Food Thickeners Market
10.4.6.3.1U.A.E Food Thickeners Market by Type
10.4.6.3.2U.A.E Food Thickeners Market by Source
10.4.6.3.3U.A.E Food Thickeners Market by Application
10.4.6.4Rest of Middle East and Africa Food Thickeners Market
10.4.6.4.1Rest of Middle East and Africa Food Thickeners Market by Type
10.4.6.4.2Rest of Middle East and Africa Food Thickeners Market by Source
10.4.6.4.3Rest of Middle East and Africa Food Thickeners Market by Application
10.5.SOUTH AND CENTRAL AMERICA
10.5.1South and Central America Food Thickeners Market Overview
10.5.2South and Central America Food Thickeners Market Forecasts and Analysis
10.5.3South and Central America Food Thickeners Market Forecasts and Analysis - By Type
10.5.4South and Central America Food Thickeners Market Forecasts and Analysis - By Source
10.5.5South and Central America Food Thickeners Market Forecasts and Analysis - By Application
10.5.6South and Central America Food Thickeners Market Forecasts and Analysis - By Countries
10.5.6.1Brazil Food Thickeners Market
10.5.6.1.1Brazil Food Thickeners Market by Type
10.5.6.1.2Brazil Food Thickeners Market by Source
10.5.6.1.3Brazil Food Thickeners Market by Application
10.5.6.2Argentina Food Thickeners Market
10.5.6.2.1Argentina Food Thickeners Market by Type
10.5.6.2.2Argentina Food Thickeners Market by Source
10.5.6.2.3Argentina Food Thickeners Market by Application
10.5.6.3Rest of South and Central America Food Thickeners Market
10.5.6.3.1Rest of South and Central America Food Thickeners Market by Type
10.5.6.3.2Rest of South and Central America Food Thickeners Market by Source
10.5.6.3.3Rest of South and Central America Food Thickeners Market by Application
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 THICKENERS MARKET, KEY COMPANY PROFILES
12.1.ARCHER DANIELS MIDLAND COMPANY
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.ASHLAND INC.
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.CARGILL, INCORPORATED.
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.CP KELCO (J.M. HUBER CORPORATION)
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.FUERST DAY LAWSON 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.INGREDION INCORPORATED
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.KERRY INC.
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.TATE AND LYLE PLC
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.TIC GUMS, 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
1. Archer Daniels Midland Company
2. Ashland Inc.
3. Cargill, Incorporated.
4. CP Kelco (J. M. Huber Corporation)
5. E. I. du Pont de Nemours and Company
6. Fuerst Day Lawson Ltd.
7. Ingredion Incorporated
8. Kerry Inc.
9. Tate and Lyle PLC
10. TIC Gums, 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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