Grain Mill Products Market Scope and Size by 2031
The grain mill products market is expected to register a CAGR of 3% during 2023–2031. The rising demand for functional flours is likely to remain a key trend in the market.
Grain Mill Products Market Analysis:
- The rising popularity of packed/ready-to-eat food because of changing lifestyles and increased per capita income has created a greater demand for grain milling products.
- The production of flour has been substantially increasing due to the rising demand for bakery products as flour production has strongly taken place in incorporating human nutrition.
- Frequent launches of new versions with new formulations of basic development, such as low-fat content, gluten-free, low-carb, organic, and high-fiber flour, are proven to be interesting in the consumer world and are booming the growth of the milled grain product market.
- The global milled grain product market is evolving due to the growing number of cafes and fast-food restaurants worldwide.
- Constant technological innovations and relevant R&D activities are considerably developing the grain mill industry.
- Wheat held the major market share because of its multiple applications, from bakery to confectionary consumptions and household to commercial utilization.
- Consumer taste improvements and preferences, along with larger diet concerns, have widely increased the demand for gluten-free products.
Grain Mill Products Market Overview
- The grain mill products market covers all goods produced after the processing of grains such as wheat, maize, rice, rye, or any other crop that can be utilized to produce a range of products, including flour, semolina, bran chilies, fundamental foods, gender equality, warm soup and much more.
- Hence, the processed product manufactured from the grain mill products market finds numerous applications in the food and beverages industry, such as baking, brewing, cattle feed, and much more.
- Grain mill products are derived from the milling process. The milling process is a manufacturing procedure in which grains are ground through a mill to create particles of different shapes and sizes and remove impurities within the samples.
- Thus, a product with extended shelf life, greater health-giving and nutritive value, and suitable shapes and sizes for different types of food and feed applications is produced. Grain mill products provide both large-scale and specialized dietary needs.
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.
Grain Mill Products Market: Strategic Insights
Shejal
Have a question?
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
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.
Grain Mill Products Market: Strategic Insights
Shejal
Have a question?
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
Grain Mill Products Market Drivers and Opportunities
Increasing Global Population and Urbanization, Leading to Higher Demand for Staple Food Products.
- The worldwide growth of population, along with rapid urbanization, is a major driver for the Grain Mill Products Market.
- With the increased population around the cities, demand for processed and convenient foods has also increased, which contributes substantially to grain-based products.
- Staple foods such as white bread, pasta, and cereals comprise mainly microbial foraged grains and are important energy sources worldwide.
- Feeding growing urban populations in an efficient manner is one key factor accounting for the upward trend of this market. This is particularly true in developing countries, whose populations are rapidly increasing while people’s lifestyles are in a phase of significant change and shift towards urban living.
- Long shelf life and quick, easy-to-cook recipes make processed grain products even more in demand in urban areas. To track this growth trend in the grain milling market is a whole row of new production lines built by grain mill companies trying to catch the rising curve and get a slice of the expanding pie of grain milling, stimulated by demographic shifts.
The Growing Popularity of Specialty and Organic Grain Mill Products
- The increasing demand for specialty and organic grain mill products will likely open new avenues for the growth of the Grain Mill Products Market.
- With a rise in health consciousness and curiosity towards artisanal foods, the demand for high-quality, organic, and specialty flour and other grain products continues to grow.
- Changing lifestyles, increasing incidence of dietary disorders, and preferences for home-baked and cooked foods from scratch have also fueled the demand.
- Grain mill companies may exploit this opportunity by diversifying their product offerings into organic, whole grain, and specialty flour prepared from pseudo cereals such as quinoa, amaranth, or ancient types of wheat varieties.
- Firms may also include items that comply with dietary requirements, such as gluten-free or non-GMO varieties, to capture the growing niche market.
Grain Mill Products Market Report Segmentation Analysis
The scope of the global grain mill products market is segmented on the basis of type and distribution channel.
- Based on type, the grain mill products are segmented into wheat, rice, and others.
- On the distribution channel, the market is classified into supermarkets and hypermarkets, convenience stores, online retail, and other.
Grain Mill Products Market Share Analysis by Geography
- Grain Mill Products 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 grain mill products 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 grain mill products market in these regions.
Grain Mill Products Market Report Scope
Grain Mill Products Market News and Recent Developments:
The grain mill products 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:
- Great River Milling, a brand of Enrich Foods LLC, launched a new line of specialty flours, hot breakfast cereals, and climate-friendly rice at Expo East. The company aims to provide healthier choices and make its products more accessible to consumers. The products include organic, no-sugar, single-serve hot oatmeal packs, making them popular for healthier breakfast options. (Source: Enrich Foods LLC, Newsletter, Oct 2023)
- Bob's Red Mill introduced a new line of signature blend baking mixes, available in four varieties: fudgy brownie mix, golden cornbread mix, classic yellow cake mixes, and decadent chocolate cake mix. These mixes are made with the company's flour blends and can be used to create moist, crispy, golden, soft, or frosted cakes. (Source: Bob's Red Mill, Newsletter, Mar 2024)
Grain Mill Products Market Report Coverage and Deliverables
The “Grain Mill Products Market Size and Forecast (2021 – 2031)” provides a detailed analysis of the market covering below areas:
- Grain mill products market size and forecast at global, regional and country levels for all the key market segments covered under the scope
- Grain mill products market trends as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- Grain mill products 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 grain mill products 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
The global grain mill products market is estimated to grow above 3% during the forecast period 2023-2031.
Increasing global population and urbanization, leading to higher demand for staple food products is one of the major factors driving the grain mill products market.
The rising demand for functional flours is likely to remain a key trend in the market.
The leading players operating in the grain mill products market are Ardent Mills, Fazer Group, ConAgra Brands Inc, Unilever Plc, Grain Millers, King Arthur Baking Co Inc, Enrich Foods LLC, Goodman Fielder, Bob's Red Mill, and Hayden Flour Mills LLC.
The report can be delivered in PDF/Word format, we can also share excel data sheet based on 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.
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 Grain Mill Products Market - By Product Type
1.3.2 Grain Mill Products Market - By Distribution Channel
1.3.3 Grain Mill Products Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. GRAIN MILL PRODUCTS 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. GRAIN MILL PRODUCTS 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. GRAIN MILL PRODUCTS MARKET - GLOBAL MARKET ANALYSIS
6.1. GRAIN MILL PRODUCTS - GLOBAL MARKET OVERVIEW
6.2. GRAIN MILL PRODUCTS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. GRAIN MILL PRODUCTS MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT TYPE
7.1. OVERVIEW
7.2. PRODUCT TYPE MARKET FORECASTS AND ANALYSIS
7.3. WHEAT
7.3.1. Overview
7.3.2. Wheat Market Forecast and Analysis
7.4. RICE
7.4.1. Overview
7.4.2. Rice Market Forecast and Analysis
7.5. OTHERS
7.5.1. Overview
7.5.2. Others Market Forecast and Analysis
8. GRAIN MILL PRODUCTS MARKET - REVENUE AND FORECASTS TO 2028 - DISTRIBUTION CHANNEL
8.1. OVERVIEW
8.2. DISTRIBUTION CHANNEL MARKET FORECASTS AND ANALYSIS
8.3. SUPERMARKETS/HYPERMARKETS
8.3.1. Overview
8.3.2. Supermarkets/Hypermarkets Market Forecast and Analysis
8.4. GROCERY STORES
8.4.1. Overview
8.4.2. Grocery Stores Market Forecast and Analysis
8.5. ONLINE STORES
8.5.1. Overview
8.5.2. Online Stores Market Forecast and Analysis
9. GRAIN MILL PRODUCTS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Grain Mill Products Market Overview
9.1.2 North America Grain Mill Products Market Forecasts and Analysis
9.1.3 North America Grain Mill Products Market Forecasts and Analysis - By Product Type
9.1.4 North America Grain Mill Products Market Forecasts and Analysis - By Distribution Channel
9.1.5 North America Grain Mill Products Market Forecasts and Analysis - By Countries
9.1.5.1 United States Grain Mill Products Market
9.1.5.1.1 United States Grain Mill Products Market by Product Type
9.1.5.1.2 United States Grain Mill Products Market by Distribution Channel
9.1.5.2 Canada Grain Mill Products Market
9.1.5.2.1 Canada Grain Mill Products Market by Product Type
9.1.5.2.2 Canada Grain Mill Products Market by Distribution Channel
9.1.5.3 Mexico Grain Mill Products Market
9.1.5.3.1 Mexico Grain Mill Products Market by Product Type
9.1.5.3.2 Mexico Grain Mill Products Market by Distribution Channel
9.2. EUROPE
9.2.1 Europe Grain Mill Products Market Overview
9.2.2 Europe Grain Mill Products Market Forecasts and Analysis
9.2.3 Europe Grain Mill Products Market Forecasts and Analysis - By Product Type
9.2.4 Europe Grain Mill Products Market Forecasts and Analysis - By Distribution Channel
9.2.5 Europe Grain Mill Products Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Grain Mill Products Market
9.2.5.1.1 Germany Grain Mill Products Market by Product Type
9.2.5.1.2 Germany Grain Mill Products Market by Distribution Channel
9.2.5.2 France Grain Mill Products Market
9.2.5.2.1 France Grain Mill Products Market by Product Type
9.2.5.2.2 France Grain Mill Products Market by Distribution Channel
9.2.5.3 Italy Grain Mill Products Market
9.2.5.3.1 Italy Grain Mill Products Market by Product Type
9.2.5.3.2 Italy Grain Mill Products Market by Distribution Channel
9.2.5.4 United Kingdom Grain Mill Products Market
9.2.5.4.1 United Kingdom Grain Mill Products Market by Product Type
9.2.5.4.2 United Kingdom Grain Mill Products Market by Distribution Channel
9.2.5.5 Russia Grain Mill Products Market
9.2.5.5.1 Russia Grain Mill Products Market by Product Type
9.2.5.5.2 Russia Grain Mill Products Market by Distribution Channel
9.2.5.6 Rest of Europe Grain Mill Products Market
9.2.5.6.1 Rest of Europe Grain Mill Products Market by Product Type
9.2.5.6.2 Rest of Europe Grain Mill Products Market by Distribution Channel
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Grain Mill Products Market Overview
9.3.2 Asia-Pacific Grain Mill Products Market Forecasts and Analysis
9.3.3 Asia-Pacific Grain Mill Products Market Forecasts and Analysis - By Product Type
9.3.4 Asia-Pacific Grain Mill Products Market Forecasts and Analysis - By Distribution Channel
9.3.5 Asia-Pacific Grain Mill Products Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Grain Mill Products Market
9.3.5.1.1 Australia Grain Mill Products Market by Product Type
9.3.5.1.2 Australia Grain Mill Products Market by Distribution Channel
9.3.5.2 China Grain Mill Products Market
9.3.5.2.1 China Grain Mill Products Market by Product Type
9.3.5.2.2 China Grain Mill Products Market by Distribution Channel
9.3.5.3 India Grain Mill Products Market
9.3.5.3.1 India Grain Mill Products Market by Product Type
9.3.5.3.2 India Grain Mill Products Market by Distribution Channel
9.3.5.4 Japan Grain Mill Products Market
9.3.5.4.1 Japan Grain Mill Products Market by Product Type
9.3.5.4.2 Japan Grain Mill Products Market by Distribution Channel
9.3.5.5 South Korea Grain Mill Products Market
9.3.5.5.1 South Korea Grain Mill Products Market by Product Type
9.3.5.5.2 South Korea Grain Mill Products Market by Distribution Channel
9.3.5.6 Rest of Asia-Pacific Grain Mill Products Market
9.3.5.6.1 Rest of Asia-Pacific Grain Mill Products Market by Product Type
9.3.5.6.2 Rest of Asia-Pacific Grain Mill Products Market by Distribution Channel
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Grain Mill Products Market Overview
9.4.2 Middle East and Africa Grain Mill Products Market Forecasts and Analysis
9.4.3 Middle East and Africa Grain Mill Products Market Forecasts and Analysis - By Product Type
9.4.4 Middle East and Africa Grain Mill Products Market Forecasts and Analysis - By Distribution Channel
9.4.5 Middle East and Africa Grain Mill Products Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Grain Mill Products Market
9.4.5.1.1 South Africa Grain Mill Products Market by Product Type
9.4.5.1.2 South Africa Grain Mill Products Market by Distribution Channel
9.4.5.2 Saudi Arabia Grain Mill Products Market
9.4.5.2.1 Saudi Arabia Grain Mill Products Market by Product Type
9.4.5.2.2 Saudi Arabia Grain Mill Products Market by Distribution Channel
9.4.5.3 U.A.E Grain Mill Products Market
9.4.5.3.1 U.A.E Grain Mill Products Market by Product Type
9.4.5.3.2 U.A.E Grain Mill Products Market by Distribution Channel
9.4.5.4 Rest of Middle East and Africa Grain Mill Products Market
9.4.5.4.1 Rest of Middle East and Africa Grain Mill Products Market by Product Type
9.4.5.4.2 Rest of Middle East and Africa Grain Mill Products Market by Distribution Channel
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Grain Mill Products Market Overview
9.5.2 South and Central America Grain Mill Products Market Forecasts and Analysis
9.5.3 South and Central America Grain Mill Products Market Forecasts and Analysis - By Product Type
9.5.4 South and Central America Grain Mill Products Market Forecasts and Analysis - By Distribution Channel
9.5.5 South and Central America Grain Mill Products Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Grain Mill Products Market
9.5.5.1.1 Brazil Grain Mill Products Market by Product Type
9.5.5.1.2 Brazil Grain Mill Products Market by Distribution Channel
9.5.5.2 Argentina Grain Mill Products Market
9.5.5.2.1 Argentina Grain Mill Products Market by Product Type
9.5.5.2.2 Argentina Grain Mill Products Market by Distribution Channel
9.5.5.3 Rest of South and Central America Grain Mill Products Market
9.5.5.3.1 Rest of South and Central America Grain Mill Products Market by Product Type
9.5.5.3.2 Rest of South and Central America Grain Mill Products 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. GRAIN MILL PRODUCTS MARKET, KEY COMPANY PROFILES
11.1. ARDENT MILLS CANADA
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. ARCHER DANIELS MIDLAND COMPANY
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. ASSOCIATED BRITISH FOODS PLC
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. CONAGRA BRANDS, INC.
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. GENERAL MILLS, INC.
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. HAYDEN FLOUR MILLS, LLC
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. HODGSON MILL
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. ITC LIMITED
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. KING ARTHUR FLOUR COMPANY, INC.
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. WHITE WINGS
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. ARDENT MILLS CANADA
2. Archer Daniels Midland Company
3. ASSOCIATED BRITISH FOODS PLC
4. Conagra Brands, Inc.
5. General Mills, Inc.
6. Hayden Flour Mills, LLC
7. HODGSON MILL
8. ITC LIMITED
9. KING ARTHUR FLOUR COMPANY, INC.
10. WHITE WINGS
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