Food Thickeners Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

Coverage: Food Thickeners Market covers analysis by Type (Hydrocolloids, Protein, Starch); Source (Plant, Animal, Microbial, Others); Application (Bakery, Confectionery, Beverages, Dairy, Convenience and Processed Foods, Others) , and Geography (North America, Europe, Asia Pacific, and South and Central America)

  • Report Code : TIPRE00004458
  • Category : Food and Beverages
  • No. of Pages : 150
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Food Thickeners Market Insights and Growth by 2031

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MARKET INTRODUCTION

Thickeners or thickening agents are substances that are added to increase the viscosity of liquids without any substantial change in other properties. Thickeners in the food industry serve a similar purpose and are added to improve texture and achieve desired viscosity in beverages and sauces. Hydrocolloids are widely used as thickeners in the food industry. Structured water may be used to replace calorie-dense materials such as fats and oils to give low-calorie, healthy food. Food thickeners enhance the palatability of food products without affecting their nutritional value. Other thickeners include protein such as collagen, gelatin besides microbial and vegetable gums such as alganin and xanthan gum.

MARKET DYNAMICS

The food thickeners market is anticipated to grow in the forecast period owing to driving factors such as increasing demands for convenience and processed food coupled with the rise in disposable incomes of consumers. Several benefits associated with the use of food thickeners such as multi-functionality, low cost, coupled with growing awareness towards a healthy diet are other significant drivers for the food thickeners market. However, fluctuation in prices of hydrocolloids restricts the growth of the food thickeners market. Nonetheless, advances in production technology and product innovations offer lucrative opportunities for the food thickeners market and the major market players during the forecast period.

MARKET SCOPE

The "Global Food Thickeners Market Analysis to 2031" is a specialized and in-depth study of the food and beverages industry with a special focus on the global market trend analysis. The report aims to provide an overview of food thickeners market with detailed market segmentation by type, source, application, and geography. The global food thickeners market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading food thickeners market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global food thickeners market is segmented on the basis of type, source, and application. Based on type, the market is segmented as hydrocolloids, protein, and starch. The market, on the basis of the source, is classified as plant, animal, microbial, and others. On the basis of the application, the market is segmented as bakery, confectionery, beverages, dairy, convenience & processed foods, and others.


REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global food thickeners market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The food thickeners market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting food thickeners market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South & Central America after evaluating political, economic, social and technological factors affecting the food thickeners market in these regions.

World Geography

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MARKET PLAYERS


The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global food thickeners market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The food thickeners market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting food thickeners market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South & Central America after evaluating political, economic, social and technological factors affecting the food thickeners market in these regions.

MARKET PLAYERS

The reports cover key developments in the food thickeners market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market payers from food thickeners market are anticipated to lucrative growth opportunities in the future with the rising demand for food thickeners in the global market. Below mentioned is the list of few companies engaged in the food thickeners market.

The report also includes the profiles of key food thickeners companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of the last three years, key developments in the past five years.
  • 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 Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
  • 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
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

This text is related
to segments covered.

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

This text is related
to country scope.

TABLE OF CONTENTS

1.INTRODUCTION
1.1.SCOPE OF THE STUDY
1.2.THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3.MARKET SEGMENTATION
1.3.1Food 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
The List of Companies

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.

  1. 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.

  1. 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:

Research Methodology

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.

  1. 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.

  1. 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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