Gluten Free Beer Market Dynamics 2021-2031
The gluten free beer market is expected to register a CAGR of 10% during 2023 – 2031. The gluten free beer market is growing due to increasing health consciousness and dietary trends.
Gluten Free Beer Market Analysis
- High availability of gluten-free food products and beverages has made it easy for customers to identify and access these products in the marketplace.
- Advancement of food technology has further contributed to the increasing popularity of gluten-free beer as it has improved the taste and quality of these beer making them more desirable for the market. Since gluten-free beer is perceived to be healthier than food contains non-gluten content, consumers with gluten-related disorders such as celiac diseases contribute to the sales of this food.
- Moreover, other dietary trends such as paleolithic diet and ketogenic diet have contributed to the increase in gluten-free beer market.
Gluten Free Beer Market Overview
- The growing availability of gluten-free choices in restaurants and grocery stores facilitate the implementation of a gluten-free diet, thus pushing market expansion.
- The FDA and other authorities strive to create standards for the gluten-free label claim. This allows consumers to make informed dietary choices by actually trusting that the samples they buy are indeed gluten-free, and that the claims on the food label are true.
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Gluten Free Beer Market: Strategic Insights
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Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Gluten Free Beer Market: Strategic Insights
Shejal
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Gluten Free Beer Market Drivers and Opportunities
Growing Number of Consumers with Celiac Disease to Favor the Market
- The increasing number of customers with celiac disease has been the main driving force of the gluten-free food market. Celiac disease is a disease in which the consumption of gluten leads to the injurious reaction of the small intestinal mucosa, and many kinds of symptoms.
- As awareness of celiac disease grows, more people are diagnosed with the condition, creating a larger consumer pool for gluten-free products. For people with celiac disease, adhering to a gluten-free diet is the only treatment available, and consuming gluten puts their health at serious risk. Thus, the market has evolved to meet the needs of people with celiac disease.
Increasing Preference for Gluten Free Craft Beer
- The market also appears to be moving into flavourful beverages, catering to the increasing demand for flavoursome or distinctive beer. Also, an increasing number of beer drinkers ardently seek distinctive flavours. The popularity of crafted beer reflects the diversity of flavours it offers, while the richness of the beverage sheds light on a growing consumer preference for flavoursome beverages.
- Gluten-free craft beer is becoming more widely available, with bars, pubs, and retailers offering craft beer on tap. This increased availability has contributed to the growing adoption of gluten-free craft beer
Gluten Free Beer Market Segmentation Analysis
Key segments that contributed to the derivation of the gluten free beer market analysis are product type, and distribution channel.
- Based on type, the gluten free beer market is divided into ale, lager, porter, and others.
- In terms of packaging type, the market is bifurcated into bottles and cans.
- On the basis of distribution channel, the market is divided into supermarkets and hypermarkets, specialty stores, online retail, and others.
Gluten Free Beer Market Share Analysis by Geography
- Gluten free 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, Middle East & Africa, and South and Central America.
- Each region is further sub-segmented into respective countries. This report provides analysis and forecasts of 18+ countries, covering gluten free 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 gluten free beer market in these regions.
Gluten Free Beer Market Report Scope
Gluten Free Beer Market News and Recent Developments
The gluten free beer market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the gluten free beer market are listed below:
- Signature Brew their 10th Birthday and sees the launch of a limited-edition Gluten Free beer called REWIND! (Source: Singature/Press Release/May 2021)
- TWØBAYS Brewing Co. launched Australia’s first gluten free hazy IPA beer (Source: TWØBAYS Brewing Co /News Release/March, 2024)
Gluten Free Beer Market Report Coverage and Deliverables
The “Gluten Free Beer Market Size and Forecast (2021 – 2031)” provides a detailed analysis of the market covering below areas:
- Gluten Free beer market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Gluten Free beer market trends as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed Porter’s Five Forces and SWOT analysis
- Gluten Free 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 gluten free beer market
- Detailed company profiles
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
Some of the customization options available based on request are additional 3–5 company profiles and country-specific analysis of 3–5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation, as our team would review the same and check the feasibility.
The report can be delivered in PDF/Word format, we can also share excel data sheet based on request.
Anheuser-Busch Companies, LLC, AUROCHS BREWING CO., Molson Coors Beverage Company, Divine Science Brewing, and S.A. Damm, among others are the leading players operating in the gluten free beer market.
Escalating sales of gluten free beer through online sales channel is anticipated to play a significant role in the gluten free beer market in the coming years.
The global gluten free beer market is estimated to grow at a CAGR of 10% during the forecast period 2023-2031.
Increasing number of consumers with celiac disease, and rising health consciousness and dietary trends are driving factors impacting the gluten free beer market.
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 Gluten-free Beer Market - By Type
1.3.2 Gluten-free Beer Market - By Raw Material
1.3.3 Gluten-free Beer Market - By Packaging
1.3.4 Gluten-free Beer Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. GLUTEN-FREE 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. GLUTEN-FREE 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. GLUTEN-FREE BEER MARKET - GLOBAL MARKET ANALYSIS
6.1. GLUTEN-FREE BEER - GLOBAL MARKET OVERVIEW
6.2. GLUTEN-FREE BEER - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. GLUTEN-FREE BEER MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. GLUTEN-FREE BEER
7.3.1. Overview
7.3.2. Gluten-free Beer Market Forecast and Analysis
7.4. GLUTEN-REDUCED BEER
7.4.1. Overview
7.4.2. Gluten-reduced Beer Market Forecast and Analysis
8. GLUTEN-FREE BEER MARKET - REVENUE AND FORECASTS TO 2028 - RAW MATERIAL
8.1. OVERVIEW
8.2. RAW MATERIAL MARKET FORECASTS AND ANALYSIS
8.3. CORN
8.3.1. Overview
8.3.2. Corn Market Forecast and Analysis
8.4. BARLEY
8.4.1. Overview
8.4.2. Barley Market Forecast and Analysis
8.5. SORGHUM
8.5.1. Overview
8.5.2. Sorghum Market Forecast and Analysis
8.6. MILLET
8.6.1. Overview
8.6.2. Millet Market Forecast and Analysis
8.7. OTHERS
8.7.1. Overview
8.7.2. Others Market Forecast and Analysis
9. GLUTEN-FREE BEER MARKET - REVENUE AND FORECASTS TO 2028 - PACKAGING
9.1. OVERVIEW
9.2. PACKAGING MARKET FORECASTS AND ANALYSIS
9.3. CANS
9.3.1. Overview
9.3.2. Cans Market Forecast and Analysis
9.4. BOTTLES
9.4.1. Overview
9.4.2. Bottles Market Forecast and Analysis
9.5. OTHERS
9.5.1. Overview
9.5.2. Others Market Forecast and Analysis
10. GLUTEN-FREE BEER MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Gluten-free Beer Market Overview
10.1.2 North America Gluten-free Beer Market Forecasts and Analysis
10.1.3 North America Gluten-free Beer Market Forecasts and Analysis - By Type
10.1.4 North America Gluten-free Beer Market Forecasts and Analysis - By Raw Material
10.1.5 North America Gluten-free Beer Market Forecasts and Analysis - By Packaging
10.1.6 North America Gluten-free Beer Market Forecasts and Analysis - By Countries
10.1.6.1 United States Gluten-free Beer Market
10.1.6.1.1 United States Gluten-free Beer Market by Type
10.1.6.1.2 United States Gluten-free Beer Market by Raw Material
10.1.6.1.3 United States Gluten-free Beer Market by Packaging
10.1.6.2 Canada Gluten-free Beer Market
10.1.6.2.1 Canada Gluten-free Beer Market by Type
10.1.6.2.2 Canada Gluten-free Beer Market by Raw Material
10.1.6.2.3 Canada Gluten-free Beer Market by Packaging
10.1.6.3 Mexico Gluten-free Beer Market
10.1.6.3.1 Mexico Gluten-free Beer Market by Type
10.1.6.3.2 Mexico Gluten-free Beer Market by Raw Material
10.1.6.3.3 Mexico Gluten-free Beer Market by Packaging
10.2. EUROPE
10.2.1 Europe Gluten-free Beer Market Overview
10.2.2 Europe Gluten-free Beer Market Forecasts and Analysis
10.2.3 Europe Gluten-free Beer Market Forecasts and Analysis - By Type
10.2.4 Europe Gluten-free Beer Market Forecasts and Analysis - By Raw Material
10.2.5 Europe Gluten-free Beer Market Forecasts and Analysis - By Packaging
10.2.6 Europe Gluten-free Beer Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Gluten-free Beer Market
10.2.6.1.1 Germany Gluten-free Beer Market by Type
10.2.6.1.2 Germany Gluten-free Beer Market by Raw Material
10.2.6.1.3 Germany Gluten-free Beer Market by Packaging
10.2.6.2 France Gluten-free Beer Market
10.2.6.2.1 France Gluten-free Beer Market by Type
10.2.6.2.2 France Gluten-free Beer Market by Raw Material
10.2.6.2.3 France Gluten-free Beer Market by Packaging
10.2.6.3 Italy Gluten-free Beer Market
10.2.6.3.1 Italy Gluten-free Beer Market by Type
10.2.6.3.2 Italy Gluten-free Beer Market by Raw Material
10.2.6.3.3 Italy Gluten-free Beer Market by Packaging
10.2.6.4 United Kingdom Gluten-free Beer Market
10.2.6.4.1 United Kingdom Gluten-free Beer Market by Type
10.2.6.4.2 United Kingdom Gluten-free Beer Market by Raw Material
10.2.6.4.3 United Kingdom Gluten-free Beer Market by Packaging
10.2.6.5 Russia Gluten-free Beer Market
10.2.6.5.1 Russia Gluten-free Beer Market by Type
10.2.6.5.2 Russia Gluten-free Beer Market by Raw Material
10.2.6.5.3 Russia Gluten-free Beer Market by Packaging
10.2.6.6 Rest of Europe Gluten-free Beer Market
10.2.6.6.1 Rest of Europe Gluten-free Beer Market by Type
10.2.6.6.2 Rest of Europe Gluten-free Beer Market by Raw Material
10.2.6.6.3 Rest of Europe Gluten-free Beer Market by Packaging
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Gluten-free Beer Market Overview
10.3.2 Asia-Pacific Gluten-free Beer Market Forecasts and Analysis
10.3.3 Asia-Pacific Gluten-free Beer Market Forecasts and Analysis - By Type
10.3.4 Asia-Pacific Gluten-free Beer Market Forecasts and Analysis - By Raw Material
10.3.5 Asia-Pacific Gluten-free Beer Market Forecasts and Analysis - By Packaging
10.3.6 Asia-Pacific Gluten-free Beer Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Gluten-free Beer Market
10.3.6.1.1 Australia Gluten-free Beer Market by Type
10.3.6.1.2 Australia Gluten-free Beer Market by Raw Material
10.3.6.1.3 Australia Gluten-free Beer Market by Packaging
10.3.6.2 China Gluten-free Beer Market
10.3.6.2.1 China Gluten-free Beer Market by Type
10.3.6.2.2 China Gluten-free Beer Market by Raw Material
10.3.6.2.3 China Gluten-free Beer Market by Packaging
10.3.6.3 India Gluten-free Beer Market
10.3.6.3.1 India Gluten-free Beer Market by Type
10.3.6.3.2 India Gluten-free Beer Market by Raw Material
10.3.6.3.3 India Gluten-free Beer Market by Packaging
10.3.6.4 Japan Gluten-free Beer Market
10.3.6.4.1 Japan Gluten-free Beer Market by Type
10.3.6.4.2 Japan Gluten-free Beer Market by Raw Material
10.3.6.4.3 Japan Gluten-free Beer Market by Packaging
10.3.6.5 South Korea Gluten-free Beer Market
10.3.6.5.1 South Korea Gluten-free Beer Market by Type
10.3.6.5.2 South Korea Gluten-free Beer Market by Raw Material
10.3.6.5.3 South Korea Gluten-free Beer Market by Packaging
10.3.6.6 Rest of Asia-Pacific Gluten-free Beer Market
10.3.6.6.1 Rest of Asia-Pacific Gluten-free Beer Market by Type
10.3.6.6.2 Rest of Asia-Pacific Gluten-free Beer Market by Raw Material
10.3.6.6.3 Rest of Asia-Pacific Gluten-free Beer Market by Packaging
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Gluten-free Beer Market Overview
10.4.2 Middle East and Africa Gluten-free Beer Market Forecasts and Analysis
10.4.3 Middle East and Africa Gluten-free Beer Market Forecasts and Analysis - By Type
10.4.4 Middle East and Africa Gluten-free Beer Market Forecasts and Analysis - By Raw Material
10.4.5 Middle East and Africa Gluten-free Beer Market Forecasts and Analysis - By Packaging
10.4.6 Middle East and Africa Gluten-free Beer Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Gluten-free Beer Market
10.4.6.1.1 South Africa Gluten-free Beer Market by Type
10.4.6.1.2 South Africa Gluten-free Beer Market by Raw Material
10.4.6.1.3 South Africa Gluten-free Beer Market by Packaging
10.4.6.2 Saudi Arabia Gluten-free Beer Market
10.4.6.2.1 Saudi Arabia Gluten-free Beer Market by Type
10.4.6.2.2 Saudi Arabia Gluten-free Beer Market by Raw Material
10.4.6.2.3 Saudi Arabia Gluten-free Beer Market by Packaging
10.4.6.3 U.A.E Gluten-free Beer Market
10.4.6.3.1 U.A.E Gluten-free Beer Market by Type
10.4.6.3.2 U.A.E Gluten-free Beer Market by Raw Material
10.4.6.3.3 U.A.E Gluten-free Beer Market by Packaging
10.4.6.4 Rest of Middle East and Africa Gluten-free Beer Market
10.4.6.4.1 Rest of Middle East and Africa Gluten-free Beer Market by Type
10.4.6.4.2 Rest of Middle East and Africa Gluten-free Beer Market by Raw Material
10.4.6.4.3 Rest of Middle East and Africa Gluten-free Beer Market by Packaging
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Gluten-free Beer Market Overview
10.5.2 South and Central America Gluten-free Beer Market Forecasts and Analysis
10.5.3 South and Central America Gluten-free Beer Market Forecasts and Analysis - By Type
10.5.4 South and Central America Gluten-free Beer Market Forecasts and Analysis - By Raw Material
10.5.5 South and Central America Gluten-free Beer Market Forecasts and Analysis - By Packaging
10.5.6 South and Central America Gluten-free Beer Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Gluten-free Beer Market
10.5.6.1.1 Brazil Gluten-free Beer Market by Type
10.5.6.1.2 Brazil Gluten-free Beer Market by Raw Material
10.5.6.1.3 Brazil Gluten-free Beer Market by Packaging
10.5.6.2 Argentina Gluten-free Beer Market
10.5.6.2.1 Argentina Gluten-free Beer Market by Type
10.5.6.2.2 Argentina Gluten-free Beer Market by Raw Material
10.5.6.2.3 Argentina Gluten-free Beer Market by Packaging
10.5.6.3 Rest of South and Central America Gluten-free Beer Market
10.5.6.3.1 Rest of South and Central America Gluten-free Beer Market by Type
10.5.6.3.2 Rest of South and Central America Gluten-free Beer Market by Raw Material
10.5.6.3.3 Rest of South and Central America Gluten-free Beer Market by Packaging
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. GLUTEN-FREE BEER MARKET, KEY COMPANY PROFILES
12.1. BRASSERIE DE BRUNEHAUT S.A.
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. GROUND BREAKER BREWING AND GASTROPUB
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. JOSEPH JAMES BREWING COMPANY INC.
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. LAKEFRONT BREWERY 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. LES BRASSEURS SANS GLUTEN INC.
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. NEW BELGIUM BREWING COMPANY, INC.
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. NEW PLANET BEER CO.
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. OMISSION BREWING CO.
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. STONE BREWING CO.
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. WHISTLER BREWING COMPANY
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. Brasserie De Brunehaut S.A.
2. Ground Breaker Brewing and Gastropub
3. Joseph James Brewing Company Inc.
4. Lakefront Brewery Inc.
5. Les Brasseurs Sans Gluten Inc.
6. New Belgium Brewing Company, Inc.
7. New Planet Beer Co.
8. Omission Brewing Co.
9. Stone Brewing Co.
10. Whistler Brewing Company
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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