Fortified Edible Oils Market Growth Report 2021 to 2031
The Fortified Edible Oils Market is expected to register a CAGR of 3.7% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.
The Fortified Edible Oils Market report covers analysis By Product Type (Palm Oil, Soybean Oil, Sunflower Oil, Olive Oil, Corn Oil, Canola Oil, Rice Bran Oil, Other Oils); Micronutrient (Vitamin A, Vitamin D, Vitamin E, Others); Distribution Channel (Supermarkets and Hypermarkets, Grocery Stores, Online, Specialty Stores, Others) , and Geography (North America, Europe, Asia Pacific, and South and Central America. The global analysis is further broken-down at regional level and major countries. The Report Offers the Value in USD for the above analysis and segments.
Purpose of the ReportThe report Fortified Edible Oils 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.
Fortified Edible Oils Market Segmentation
Product Type- Palm Oil
- Soybean Oil
- Sunflower Oil
- Olive Oil
- Corn Oil
- Canola Oil
- Rice Bran Oil
- Other Oils
- Vitamin A
- Vitamin D
- Vitamin E
- Supermarkets and Hypermarkets
- Grocery Stores
- Online
- Specialty Stores
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Strategic Insights
Fortified Edible Oils Market Growth Drivers- Increasing Awareness of Nutritional Deficiencies:
Growing awareness about nutritional deficiencies, particularly in developing regions, is driving the demand for fortified edible oils. Fortifying oils with essential vitamins and minerals, such as vitamin A, D, and E, helps combat common deficiencies and promotes better health.
- Rising Prevalence of Chronic Diseases:
The increasing prevalence of chronic diseases such as heart disease, diabetes, and malnutrition is prompting consumers to seek healthier dietary options. Fortified edible oils, which provide essential nutrients while maintaining the oil's core health benefits, are gaining popularity as part of a healthier diet.
- Government Initiatives and Fortification Programs:
Many governments, especially in developing countries, are implementing fortification programs to address malnutrition and vitamin deficiencies. These initiatives include the mandatory or voluntary fortification of cooking oils with vitamins like vitamin A and D, further boosting the growth of the fortified edible oils market.
- Heart Health Focus: Omega-3 and sterol-enriched oils are adopted by health-conscious consumers, which impacts the strategies of the market.
- Government Programs: Subsidies and mandatory fortification policies have been fueling the growth of the market in developing regions, which is highlighted in SWOT analyses.
- Brand Differentiation: Key players innovate with blends catering to regional tastes, strengthening competitive positioning in market forecasts.
- Expansion in Emerging Markets:
The fortified edible oils market holds significant growth potential in emerging markets like India, Africa, and Southeast Asia, where malnutrition and vitamin deficiencies are prevalent. Fortified oils can help address public health challenges in these regions by providing affordable and accessible sources of essential nutrients.
- Introduction of Functional Oils with Added Benefits:
There is an opportunity to develop functional oils with added health benefits, such as oils fortified with omega-3 fatty acids, probiotics, or antioxidants. These products could cater to consumers seeking specific health benefits, such as improving heart health, boosting immunity, or enhancing skin health.
- Growth in E-commerce and Online Sales:
The rise of e-commerce and online grocery shopping presents an opportunity for the fortified edible oils market to reach a larger consumer base. Online platforms enable consumers to explore and purchase fortified oils from various brands and providers, enhancing product accessibility and convenience.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Fortified Edible Oils 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 Fortified Edible Oils 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
Have a question?
Shejal
Shejal will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to Analyst
- 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
This text is related
to country scope.
Frequently Asked Questions
The Fortified Edible Oils Market is estimated to witness a CAGR of 3.7% from 2023 to 2031.
The major factors driving the market are: Government fortification programs, Consumer shift to healthy fats, Expanding urbanization and disposable income.
Key future trends in this market are - Heart Health Focus #Government Programs #Brand Differentiation
Key companies of this market are: Adani Wilmar, Archer Daniels Midland Company, Bunge Limited, Conagra Brands, Inc., BASF SE, Cargill Incorporated, Nestle S.A., Ruchi Soya Industries Limited, Liberty Oil Mills.
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.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Fortified Edible Oils Market - By Product Type
1.3.2 Fortified Edible Oils Market - By Micronutrient
1.3.3 Fortified Edible Oils Market - By Distribution Channel
1.3.4 Fortified Edible Oils Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. FORTIFIED EDIBLE OILS MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. EXPERT OPINIONS
5. FORTIFIED EDIBLE OILS 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 AND RESTRAINTS
6. FORTIFIED EDIBLE OILS MARKET - GLOBAL MARKET ANALYSIS
6.1. FORTIFIED EDIBLE OILS - GLOBAL MARKET OVERVIEW
6.2. FORTIFIED EDIBLE OILS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. FORTIFIED EDIBLE OILS MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT TYPE
7.1. OVERVIEW
7.2. PRODUCT TYPE MARKET FORECASTS AND ANALYSIS
7.3. PALM OIL
7.3.1. Overview
7.3.2. Palm Oil Market Forecast and Analysis
7.4. SOYBEAN OIL
7.4.1. Overview
7.4.2. Soybean Oil Market Forecast and Analysis
7.5. SUNFLOWER OIL
7.5.1. Overview
7.5.2. Sunflower Oil Market Forecast and Analysis
7.6. OLIVE OIL
7.6.1. Overview
7.6.2. Olive Oil Market Forecast and Analysis
7.7. CORN OIL
7.7.1. Overview
7.7.2. Corn Oil Market Forecast and Analysis
7.8. CANOLA OIL
7.8.1. Overview
7.8.2. Canola Oil Market Forecast and Analysis
7.9. RICE BRAN OIL
7.9.1. Overview
7.9.2. Rice Bran Oil Market Forecast and Analysis
7.10. OTHER OILS
7.10.1. Overview
7.10.2. Other Oils Market Forecast and Analysis
8. FORTIFIED EDIBLE OILS MARKET - REVENUE AND FORECASTS TO 2028 - MICRONUTRIENT
8.1. OVERVIEW
8.2. MICRONUTRIENT MARKET FORECASTS AND ANALYSIS
8.3. VITAMIN A
8.3.1. Overview
8.3.2. Vitamin A Market Forecast and Analysis
8.4. VITAMIN D
8.4.1. Overview
8.4.2. Vitamin D Market Forecast and Analysis
8.5. VITAMIN E
8.5.1. Overview
8.5.2. Vitamin E Market Forecast and Analysis
8.6. OTHERS
8.6.1. Overview
8.6.2. Others Market Forecast and Analysis
9. FORTIFIED EDIBLE OILS MARKET - REVENUE AND FORECASTS TO 2028 - DISTRIBUTION CHANNEL
9.1. OVERVIEW
9.2. DISTRIBUTION CHANNEL MARKET FORECASTS AND ANALYSIS
9.3. SUPERMARKETS AND HYPERMARKETS
9.3.1. Overview
9.3.2. Supermarkets and Hypermarkets Market Forecast and Analysis
9.4. GROCERY STORES
9.4.1. Overview
9.4.2. Grocery Stores Market Forecast and Analysis
9.5. ONLINE
9.5.1. Overview
9.5.2. Online Market Forecast and Analysis
9.6. SPECIALTY STORES
9.6.1. Overview
9.6.2. Specialty Stores Market Forecast and Analysis
9.7. OTHERS
9.7.1. Overview
9.7.2. Others Market Forecast and Analysis
10. FORTIFIED EDIBLE OILS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Fortified Edible Oils Market Overview
10.1.2 North America Fortified Edible Oils Market Forecasts and Analysis
10.1.3 North America Fortified Edible Oils Market Forecasts and Analysis - By Product Type
10.1.4 North America Fortified Edible Oils Market Forecasts and Analysis - By Micronutrient
10.1.5 North America Fortified Edible Oils Market Forecasts and Analysis - By Distribution Channel
10.1.6 North America Fortified Edible Oils Market Forecasts and Analysis - By Countries
10.1.6.1 Canada Fortified Edible Oils Market
10.1.6.1.1 Canada Fortified Edible Oils Market by Product Type
10.1.6.1.2 Canada Fortified Edible Oils Market by Micronutrient
10.1.6.1.3 Canada Fortified Edible Oils Market by Distribution Channel
10.1.6.2 Mexico Fortified Edible Oils Market
10.1.6.2.1 Mexico Fortified Edible Oils Market by Product Type
10.1.6.2.2 Mexico Fortified Edible Oils Market by Micronutrient
10.1.6.2.3 Mexico Fortified Edible Oils Market by Distribution Channel
10.1.6.3 US Fortified Edible Oils Market
10.1.6.3.1 US Fortified Edible Oils Market by Product Type
10.1.6.3.2 US Fortified Edible Oils Market by Micronutrient
10.1.6.3.3 US Fortified Edible Oils Market by Distribution Channel
10.2. EUROPE
10.2.1 Europe Fortified Edible Oils Market Overview
10.2.2 Europe Fortified Edible Oils Market Forecasts and Analysis
10.2.3 Europe Fortified Edible Oils Market Forecasts and Analysis - By Product Type
10.2.4 Europe Fortified Edible Oils Market Forecasts and Analysis - By Micronutrient
10.2.5 Europe Fortified Edible Oils Market Forecasts and Analysis - By Distribution Channel
10.2.6 Europe Fortified Edible Oils Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Fortified Edible Oils Market
10.2.6.1.1 Germany Fortified Edible Oils Market by Product Type
10.2.6.1.2 Germany Fortified Edible Oils Market by Micronutrient
10.2.6.1.3 Germany Fortified Edible Oils Market by Distribution Channel
10.2.6.2 France Fortified Edible Oils Market
10.2.6.2.1 France Fortified Edible Oils Market by Product Type
10.2.6.2.2 France Fortified Edible Oils Market by Micronutrient
10.2.6.2.3 France Fortified Edible Oils Market by Distribution Channel
10.2.6.3 Italy Fortified Edible Oils Market
10.2.6.3.1 Italy Fortified Edible Oils Market by Product Type
10.2.6.3.2 Italy Fortified Edible Oils Market by Micronutrient
10.2.6.3.3 Italy Fortified Edible Oils Market by Distribution Channel
10.2.6.4 United Kingdom Fortified Edible Oils Market
10.2.6.4.1 United Kingdom Fortified Edible Oils Market by Product Type
10.2.6.4.2 United Kingdom Fortified Edible Oils Market by Micronutrient
10.2.6.4.3 United Kingdom Fortified Edible Oils Market by Distribution Channel
10.2.6.5 Russia Fortified Edible Oils Market
10.2.6.5.1 Russia Fortified Edible Oils Market by Product Type
10.2.6.5.2 Russia Fortified Edible Oils Market by Micronutrient
10.2.6.5.3 Russia Fortified Edible Oils Market by Distribution Channel
10.2.6.6 Rest of Europe Fortified Edible Oils Market
10.2.6.6.1 Rest of Europe Fortified Edible Oils Market by Product Type
10.2.6.6.2 Rest of Europe Fortified Edible Oils Market by Micronutrient
10.2.6.6.3 Rest of Europe Fortified Edible Oils Market by Distribution Channel
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Fortified Edible Oils Market Overview
10.3.2 Asia-Pacific Fortified Edible Oils Market Forecasts and Analysis
10.3.3 Asia-Pacific Fortified Edible Oils Market Forecasts and Analysis - By Product Type
10.3.4 Asia-Pacific Fortified Edible Oils Market Forecasts and Analysis - By Micronutrient
10.3.5 Asia-Pacific Fortified Edible Oils Market Forecasts and Analysis - By Distribution Channel
10.3.6 Asia-Pacific Fortified Edible Oils Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Fortified Edible Oils Market
10.3.6.1.1 Australia Fortified Edible Oils Market by Product Type
10.3.6.1.2 Australia Fortified Edible Oils Market by Micronutrient
10.3.6.1.3 Australia Fortified Edible Oils Market by Distribution Channel
10.3.6.2 China Fortified Edible Oils Market
10.3.6.2.1 China Fortified Edible Oils Market by Product Type
10.3.6.2.2 China Fortified Edible Oils Market by Micronutrient
10.3.6.2.3 China Fortified Edible Oils Market by Distribution Channel
10.3.6.3 India Fortified Edible Oils Market
10.3.6.3.1 India Fortified Edible Oils Market by Product Type
10.3.6.3.2 India Fortified Edible Oils Market by Micronutrient
10.3.6.3.3 India Fortified Edible Oils Market by Distribution Channel
10.3.6.4 South Korea Fortified Edible Oils Market
10.3.6.4.1 South Korea Fortified Edible Oils Market by Product Type
10.3.6.4.2 South Korea Fortified Edible Oils Market by Micronutrient
10.3.6.4.3 South Korea Fortified Edible Oils Market by Distribution Channel
10.3.6.5 Rest of Asia-Pacific Fortified Edible Oils Market
10.3.6.5.1 Rest of Asia-Pacific Fortified Edible Oils Market by Product Type
10.3.6.5.2 Rest of Asia-Pacific Fortified Edible Oils Market by Micronutrient
10.3.6.5.3 Rest of Asia-Pacific Fortified Edible Oils Market by Distribution Channel
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Fortified Edible Oils Market Overview
10.4.2 Middle East and Africa Fortified Edible Oils Market Forecasts and Analysis
10.4.3 Middle East and Africa Fortified Edible Oils Market Forecasts and Analysis - By Product Type
10.4.4 Middle East and Africa Fortified Edible Oils Market Forecasts and Analysis - By Micronutrient
10.4.5 Middle East and Africa Fortified Edible Oils Market Forecasts and Analysis - By Distribution Channel
10.4.6 Middle East and Africa Fortified Edible Oils Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Fortified Edible Oils Market
10.4.6.1.1 South Africa Fortified Edible Oils Market by Product Type
10.4.6.1.2 South Africa Fortified Edible Oils Market by Micronutrient
10.4.6.1.3 South Africa Fortified Edible Oils Market by Distribution Channel
10.4.6.2 Saudi Arabia Fortified Edible Oils Market
10.4.6.2.1 Saudi Arabia Fortified Edible Oils Market by Product Type
10.4.6.2.2 Saudi Arabia Fortified Edible Oils Market by Micronutrient
10.4.6.2.3 Saudi Arabia Fortified Edible Oils Market by Distribution Channel
10.4.6.3 U.A.E Fortified Edible Oils Market
10.4.6.3.1 U.A.E Fortified Edible Oils Market by Product Type
10.4.6.3.2 U.A.E Fortified Edible Oils Market by Micronutrient
10.4.6.3.3 U.A.E Fortified Edible Oils Market by Distribution Channel
10.4.6.4 Rest of Middle East and Africa Fortified Edible Oils Market
10.4.6.4.1 Rest of Middle East and Africa Fortified Edible Oils Market by Product Type
10.4.6.4.2 Rest of Middle East and Africa Fortified Edible Oils Market by Micronutrient
10.4.6.4.3 Rest of Middle East and Africa Fortified Edible Oils Market by Distribution Channel
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Fortified Edible Oils Market Overview
10.5.2 South and Central America Fortified Edible Oils Market Forecasts and Analysis
10.5.3 South and Central America Fortified Edible Oils Market Forecasts and Analysis - By Product Type
10.5.4 South and Central America Fortified Edible Oils Market Forecasts and Analysis - By Micronutrient
10.5.5 South and Central America Fortified Edible Oils Market Forecasts and Analysis - By Distribution Channel
10.5.6 South and Central America Fortified Edible Oils Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Fortified Edible Oils Market
10.5.6.1.1 Brazil Fortified Edible Oils Market by Product Type
10.5.6.1.2 Brazil Fortified Edible Oils Market by Micronutrient
10.5.6.1.3 Brazil Fortified Edible Oils Market by Distribution Channel
10.5.6.2 Argentina Fortified Edible Oils Market
10.5.6.2.1 Argentina Fortified Edible Oils Market by Product Type
10.5.6.2.2 Argentina Fortified Edible Oils Market by Micronutrient
10.5.6.2.3 Argentina Fortified Edible Oils Market by Distribution Channel
10.5.6.3 Rest of South and Central America Fortified Edible Oils Market
10.5.6.3.1 Rest of South and Central America Fortified Edible Oils Market by Product Type
10.5.6.3.2 Rest of South and Central America Fortified Edible Oils Market by Micronutrient
10.5.6.3.3 Rest of South and Central America Fortified Edible Oils Market by Distribution Channel
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. FORTIFIED EDIBLE OILS MARKET, KEY COMPANY PROFILES
12.1. ADANI WILMAR
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. ARCHER DANIELS MIDLAND COMPANY
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. BUNGE LIMITED
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. CONAGRA BRANDS, INC.
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. BASF SE
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. CARGILL INCORPORATED
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. NESTLE S.A.
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. RUCHI SOYA INDUSTRIES LIMITED
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. LIBERTY OIL MILLS
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. LAM SOON GROUP AND BORGES INTERNATIONAL 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
1. Adani Wilmar
2. Archer Daniels Midland Company
3. Bunge Limited
4. Conagra Brands, Inc.
5. BASF SE
6. Cargill Incorporated
7. Nestle S.A.
8. Ruchi Soya Industries Limited
9. Liberty Oil Mills
10. Lam Soon Group and Borges International 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.
Get Free Sample For