Fruit Beer Market Outlook, Segments, Geography, Dynamics, Recent Developments, and Strategic Insights by 2031

Coverage: Fruit Beer Market covers analysis By Type (Alcoholic and Non-Alcoholic), Flavor (Peach, Orange, Apple, Strawberry, Raspberry, Cherry, and Others), Category (Organic and Conventional), Packaging Type (Bottles and Cans), Distribution Channel (Supermarkets and Hypermarkets, Specialty Stores, Online Retail, and Others), and Geography

  • Report Code : TIPRE00007996
  • Category : Food and Beverages
  • No. of Pages : 150
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Fruit Beer Market Scope and Size by 2031

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The fruit beer market is expected to register a CAGR of 7% during 2023–2031. Flavor innovations in fruit beers is likely to remain key market trend.

Fruit Beer Market Analysis:

  • The fruit beer market has evolved over the years. The growth in the craft beer industry and the increasing inclination towards exotic tastes are the major factors for the rising popularity of fruit beer.
  • The main characteristics of fruit beer are its refreshing taste and vibrant fruity flavors. It is generally brewed with fruits such as oranges, grapefruit, passion fruit, mango, etc., and is considered a major attraction among consumers looking for something different than what they are accustomed to.
  • Breweries have been exploiting this opportunity with a wide range of new products so as to cater to everyone from beer lovers to occasional drinkers. The market is expected to have good prospects for further growth.
  • To improve the fruit beer offerings, breweries are conducting continuous research and development.

Fruit Beer Market Overview

  • The sales of fruit beer have been boosted in recent years due to a variety of reasons. One of the main reasons that fruit beer has increased in popularity is because of the growing demand for alcohol-free beer resulting in more people being aware of this new healthy drink
  • For people who look for new drink with nutritional benefits, fruits are a great choice for making new drinks. This trend has led to steady growth in fruit beer sales not only in Europe but also in the United States.
  • It can also be seen how craft breweries have capitalized on this idea to produce many varieties of fruit beers, with various flavors, fruits and marketing strategies to suit the differing tastes and preferences of consumers.
  • The market is showing strong potential for untapped growth and breweries are spending on R&D to come up with new fruit beer varieties.

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Fruit Beer Market: Strategic Insights

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Fruit Beer Market Drivers and Opportunities

Increasing Demand for Gluten-Free Beverages

  • The rising demand for gluten free beverages is projected to boost growth of the fruit beer market. Gluten free food and beverages are gaining popularity among health concerned consumers especially those having allergy to gluten, celiac diseases and other food intolerance. With rising awareness among the people about the health advantages associated with gluten free diets the demand for gluten free beverages including fruit beers is increasing at a rapid pace.
  • The gluten-free drink market, including fruit beers, is expected to see major growth, due to rising cases of gluten allergy, growing consumer awareness of healthy eating, and the availability of gluten-free products from key market participants.

Opportunities

Increasing Demand for Organic Fruit Beers

  • In regard to the fruit beer market, the increasing demand for organic fruit beer and new flavor innovations create new business opportunities. The consumers are now more concerned about their health. They are more inclined to buy organic products. They also base their buying decision on the packaging of the product.
  • With organic fruit beer, consumers receive their dose of healthy, pesticide-free fruits, without having to be concerned of the consumption of synthetic chemicals. Brewed using organic produce, there is a greater chance that the flavor profile of the organic fruit beer will be more natural and closer to the genuine taste of the fruit. Small craft breweries are constantly coming up with new flavors and combinations of fruit. The advent of organic fruit beer presents the perfect opportunity to introduce new varieties, such as strawberry-kiwi, raspberry-plum or pineapple-ginger, to the market.

Fruit Beer Market Segmentation

The scope of the global fruit beer market has been segmented on the based-on type, flavor, category, packaging type, and distribution channel.

  • Based on type, the market is bifurcated into alcoholic and non-alcoholic
  • Based on flavor, the fruit beer market is segmented into peach, orange, apple, strawberry, raspberry, cherry, and others
  • Based on packaging type, the fruit beer market is divided into bottles and cans
  • On the basis of category, the market is divided into organic and conventional.
  • Based on distribution channel, the market is segmented into supermarkets and hypermarkets, specialty stores, online retail, and others.

Fruit Beer Market Share Analysis by Geography

  • Fruit Beer Market Report comprises a detailed analysis of five major geographic regions, which includes current and historical market size and forecasts for 2021 to 2031, covering North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South & Central America.
  • Each region is further sub-segmented into respective countries. This report provides analysis and forecasts of 18+ countries, covering fruit beer market dynamics such as drivers, trends, and opportunities that are impacting the markets at the regional level.
  • Also, the report covers Porter’s Five Forces analysis, which involves the study of major factors that influence the fruit beer market in these regions.

Fruit Beer Market Report Scope

Fruit Beer Market News and Recent Developments:

The fruit beer market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market for innovations, business expansion, and strategies:

  • Boston Beer Co. has launched a non-alcoholic ready-to-drink (RTD) fruit brew called General Admission in the US. The Samuel Adams brewer has released the fruit-infused seltzer water and low alcohol beer blend brand in select markets, including Albany, New York; Raleigh, North Carolina; and Indiana. Additionally, consumers in various states across the country can purchase the product online through direct-to-consumer shipping. (Source – Boston Beer, Newsletters, April 2024)
  • With the warmer months fast approaching, Rupee Beer, Named Best Beer For World Food is excited to launch its Mango Wheat Ale for the summer season. With the insight of global craft brewing legend and creator of iconic Pumpkinhead, one of the most successful seasonal beers to ever hit the market, the Rupee team is excited to bring back their tropical brew which one top honors at this year’s 2024 Untapped Community Awards in the Top Fruit Beer category. (Source – Rupee Beer, Press Release, April 2024)

Fruit Beer Market Report Coverage and Deliverables

The “Fruit Beer Market Size and Forecast (2021 – 2031)” provides a detailed analysis of the market covering below areas:

  • Fruit Beer market size and forecast at global, regional and country levels for all the key market segments covered under the scope.
  • Fruit Beer market trends as well as market dynamics such as drivers, restraints, and key opportunities
  • Detailed PEST/Porter’s Five Forces and SWOT analysis
  • Fruit Beer market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments.
  • Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the fruit beer market.
  • Detailed company profiles
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.

Frequently Asked Questions


What are the deliverable formats of the fruit beer market?

The report can be delivered in PDF/Word format, we can also share excel data sheet based on request.

Which are the leading players operating in the fruit beer market?

Samuel Smith Old Brewery, Liefmans, Brewery Timmermans, Fruli, AB INBEV Limited, Brewery Boon, Lindemans, Chouffe Brewery, Brouwerij Huygh, and Lost Coast Brewery are among the leading players operating in the fruit beer market.

What are the driving factors impacting fruit beer market?

Increasing demand for gluten-free beverages is driving the fruit beer market growth.

What are the future trends of the fruit beer market?

Flavor innovation in fruit beers is likely to remain the key trends in the market.

What is the expected CAGR of the fruit beer market?

The global fruit beer market is estimated to grow above 7% during the forecast period 2024-2031.

TABLE OF CONTENTS

1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Fruit Beer Market - By Flavor
1.3.2 Fruit Beer Market - By Distribution Channel
1.3.3 Fruit Beer Market - By Region
1.3.3.1 By Country

2. KEY TAKEWAYS

3. RESEARCH METHODOLOGY

4. FRUIT BEER 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. FRUIT BEER 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. FRUIT BEER MARKET - GLOBAL MARKET ANALYSIS
6.1. FRUIT BEER - GLOBAL MARKET OVERVIEW
6.2. FRUIT BEER - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE

7. FRUIT BEER MARKET - REVENUE AND FORECASTS TO 2028 - FLAVOR
7.1. OVERVIEW
7.2. FLAVOR MARKET FORECASTS AND ANALYSIS
7.3. RASPBERRY
7.3.1. Overview
7.3.2. Raspberry Market Forecast and Analysis
7.4. PEACH
7.4.1. Overview
7.4.2. Peach Market Forecast and Analysis
7.5. BLUEBERRY
7.5.1. Overview
7.5.2. Blueberry Market Forecast and Analysis
7.6. CHERRIES
7.6.1. Overview
7.6.2. Cherries Market Forecast and Analysis
7.7. PLUMS
7.7.1. Overview
7.7.2. Plums Market Forecast and Analysis
7.8. OTHERS
7.8.1. Overview
7.8.2. Others Market Forecast and Analysis
8. FRUIT BEER MARKET - REVENUE AND FORECASTS TO 2028 - DISTRIBUTION CHANNEL
8.1. OVERVIEW
8.2. DISTRIBUTION CHANNEL MARKET FORECASTS AND ANALYSIS
8.3. HYPERMARKETS/SUPERMARKET
8.3.1. Overview
8.3.2. Hypermarkets/Supermarket Market Forecast and Analysis
8.4. SPECIALTY STORES
8.4.1. Overview
8.4.2. Specialty Stores Market Forecast and Analysis
8.5. ONLINE
8.5.1. Overview
8.5.2. Online Market Forecast and Analysis
8.6. OTHERS
8.6.1. Overview
8.6.2. Others Market Forecast and Analysis

9. FRUIT BEER MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Fruit Beer Market Overview
9.1.2 North America Fruit Beer Market Forecasts and Analysis
9.1.3 North America Fruit Beer Market Forecasts and Analysis - By Flavor
9.1.4 North America Fruit Beer Market Forecasts and Analysis - By Distribution Channel
9.1.5 North America Fruit Beer Market Forecasts and Analysis - By Countries
9.1.5.1 United States Fruit Beer Market
9.1.5.1.1 United States Fruit Beer Market by Flavor
9.1.5.1.2 United States Fruit Beer Market by Distribution Channel
9.1.5.2 Canada Fruit Beer Market
9.1.5.2.1 Canada Fruit Beer Market by Flavor
9.1.5.2.2 Canada Fruit Beer Market by Distribution Channel
9.1.5.3 Mexico Fruit Beer Market
9.1.5.3.1 Mexico Fruit Beer Market by Flavor
9.1.5.3.2 Mexico Fruit Beer Market by Distribution Channel
9.2. EUROPE
9.2.1 Europe Fruit Beer Market Overview
9.2.2 Europe Fruit Beer Market Forecasts and Analysis
9.2.3 Europe Fruit Beer Market Forecasts and Analysis - By Flavor
9.2.4 Europe Fruit Beer Market Forecasts and Analysis - By Distribution Channel
9.2.5 Europe Fruit Beer Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Fruit Beer Market
9.2.5.1.1 Germany Fruit Beer Market by Flavor
9.2.5.1.2 Germany Fruit Beer Market by Distribution Channel
9.2.5.2 France Fruit Beer Market
9.2.5.2.1 France Fruit Beer Market by Flavor
9.2.5.2.2 France Fruit Beer Market by Distribution Channel
9.2.5.3 Italy Fruit Beer Market
9.2.5.3.1 Italy Fruit Beer Market by Flavor
9.2.5.3.2 Italy Fruit Beer Market by Distribution Channel
9.2.5.4 United Kingdom Fruit Beer Market
9.2.5.4.1 United Kingdom Fruit Beer Market by Flavor
9.2.5.4.2 United Kingdom Fruit Beer Market by Distribution Channel
9.2.5.5 Russia Fruit Beer Market
9.2.5.5.1 Russia Fruit Beer Market by Flavor
9.2.5.5.2 Russia Fruit Beer Market by Distribution Channel
9.2.5.6 Rest of Europe Fruit Beer Market
9.2.5.6.1 Rest of Europe Fruit Beer Market by Flavor
9.2.5.6.2 Rest of Europe Fruit Beer Market by Distribution Channel
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Fruit Beer Market Overview
9.3.2 Asia-Pacific Fruit Beer Market Forecasts and Analysis
9.3.3 Asia-Pacific Fruit Beer Market Forecasts and Analysis - By Flavor
9.3.4 Asia-Pacific Fruit Beer Market Forecasts and Analysis - By Distribution Channel
9.3.5 Asia-Pacific Fruit Beer Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Fruit Beer Market
9.3.5.1.1 Australia Fruit Beer Market by Flavor
9.3.5.1.2 Australia Fruit Beer Market by Distribution Channel
9.3.5.2 China Fruit Beer Market
9.3.5.2.1 China Fruit Beer Market by Flavor
9.3.5.2.2 China Fruit Beer Market by Distribution Channel
9.3.5.3 India Fruit Beer Market
9.3.5.3.1 India Fruit Beer Market by Flavor
9.3.5.3.2 India Fruit Beer Market by Distribution Channel
9.3.5.4 Japan Fruit Beer Market
9.3.5.4.1 Japan Fruit Beer Market by Flavor
9.3.5.4.2 Japan Fruit Beer Market by Distribution Channel
9.3.5.5 South Korea Fruit Beer Market
9.3.5.5.1 South Korea Fruit Beer Market by Flavor
9.3.5.5.2 South Korea Fruit Beer Market by Distribution Channel
9.3.5.6 Rest of Asia-Pacific Fruit Beer Market
9.3.5.6.1 Rest of Asia-Pacific Fruit Beer Market by Flavor
9.3.5.6.2 Rest of Asia-Pacific Fruit Beer Market by Distribution Channel
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Fruit Beer Market Overview
9.4.2 Middle East and Africa Fruit Beer Market Forecasts and Analysis
9.4.3 Middle East and Africa Fruit Beer Market Forecasts and Analysis - By Flavor
9.4.4 Middle East and Africa Fruit Beer Market Forecasts and Analysis - By Distribution Channel
9.4.5 Middle East and Africa Fruit Beer Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Fruit Beer Market
9.4.5.1.1 South Africa Fruit Beer Market by Flavor
9.4.5.1.2 South Africa Fruit Beer Market by Distribution Channel
9.4.5.2 Saudi Arabia Fruit Beer Market
9.4.5.2.1 Saudi Arabia Fruit Beer Market by Flavor
9.4.5.2.2 Saudi Arabia Fruit Beer Market by Distribution Channel
9.4.5.3 U.A.E Fruit Beer Market
9.4.5.3.1 U.A.E Fruit Beer Market by Flavor
9.4.5.3.2 U.A.E Fruit Beer Market by Distribution Channel
9.4.5.4 Rest of Middle East and Africa Fruit Beer Market
9.4.5.4.1 Rest of Middle East and Africa Fruit Beer Market by Flavor
9.4.5.4.2 Rest of Middle East and Africa Fruit Beer Market by Distribution Channel
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Fruit Beer Market Overview
9.5.2 South and Central America Fruit Beer Market Forecasts and Analysis
9.5.3 South and Central America Fruit Beer Market Forecasts and Analysis - By Flavor
9.5.4 South and Central America Fruit Beer Market Forecasts and Analysis - By Distribution Channel
9.5.5 South and Central America Fruit Beer Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Fruit Beer Market
9.5.5.1.1 Brazil Fruit Beer Market by Flavor
9.5.5.1.2 Brazil Fruit Beer Market by Distribution Channel
9.5.5.2 Argentina Fruit Beer Market
9.5.5.2.1 Argentina Fruit Beer Market by Flavor
9.5.5.2.2 Argentina Fruit Beer Market by Distribution Channel
9.5.5.3 Rest of South and Central America Fruit Beer Market
9.5.5.3.1 Rest of South and Central America Fruit Beer Market by Flavor
9.5.5.3.2 Rest of South and Central America Fruit Beer Market by Distribution Channel

10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS

11. FRUIT BEER MARKET, KEY COMPANY PROFILES
11.1. ALL SAINTS BREWING COMPANY
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. BREWERY OMMEGANG
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. CASCADE BREWING
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. HOKKAIDOBREWING
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. JOSEPH JAMES BREWING COMPANY
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. LINDEMANS BREWERY
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. LOST COAST BREWERY
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. MAGIC HAT BREWING COMPANY
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. MOLSON COORS BREWING COMPANY
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. NEW BELGIUM BREWING COMPANY
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments

12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS

The List of Companies

1. All Saints Brewing Company
2. Brewery Ommegang
3. Cascade Brewing
4. HokkaidoBrewing
5. Joseph James Brewing Company
6. Lindemans Brewery
7. Lost Coast Brewery
8. Magic Hat Brewing Company
9. Molson Coors Brewing Company
10. New Belgium Brewing Company

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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