Infant Formula Ingredients Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
Analyst Perspective
The global infant formula ingredient market is expected to register a CAGR of 7.2%. The infant feed industry is growing rapidly, driven by urbanization, rising disposable incomes, and increasing awareness of infant formula's benefits, leading to a growing demand for all types of infant formula ingredients, from carbohydrates and proteins to vitamins and minerals. Manufacturers in the infant formula industry face significant hurdles due to strict regulations governing the safety and quality of ingredients. Rising consumer concerns about ingredient safety intensify the need for companies to maintain transparency and robust quality control. Growing demand for organic and natural ingredients, innovation in functional ingredients, and expansion in emerging markets are significant growth-driven opportunities for the infant formula ingredients market.
Market Overview
Infant formula, also known as baby formula or infant milk, is a convenient nutritional product designed for babies and infants up to 12 months old. Infant formula is a specialized product designed to support the nutritional needs of growing infants. It focuses on delivering essential vitamins, minerals, and other nutrients in precise amounts crucial for infant development at different stages. The number of births and the global population directly impact the demand for infant formula ingredients. Parents prioritize infant's nutritional requirements and overall well-being, driving the demand for infant formula products that deliver vital nutrients and promote healthy growth and development.
Market Drivers
- As more and more women enter the workforce, there is a rising demand for convenient and easy-to-prepare infant formula, driving the demand for ingredients that can be used to make shelf-stable and easy-to-mix formula.
- Parents are increasingly concerned about the safety and quality of their children's food, which led to growing demand for organic and natural infant formula ingredients.
- There is a significant increase in the number of births in developing countries, which has led to a growing demand for infant formula and, therefore, for the ingredients used to make it.
Market Segmentation
The global infant formula ingredients market is segmented based on type, form source, and application. The global infant formula ingredients market is segmented based on carbohydrates, oils and fats, proteins, vitamins and minerals, prebiotics, and others. The infant formula ingredients market is segmented based on form into dry and liquid. The infant formula ingredients market is segmented based on source into conventional and organic. Based on application into standard infant formula, growing-up milk, follow-on formula, and others.
Regional Analysis
The report provides a detailed industry overview, which includes qualitative and quantitative information. It gives an overview and forecast of the global Infant formula ingredients market based on several segments. It also provides market size and forecast estimates from 2021 to 2031 concerning five major regions: Europe, North America, Asia-Pacific (APAC), Middle East & Africa (MEA) and South & Central America. The Infant Formula Ingredients Market by region is also sub-segmented by respective countries and segments. The Infant Formula Ingredients Market report covers an analysis and forecast of eighteen countries globally and the prevailing trends and opportunities in the region.
The report analyses factors affecting the Infant Formula Ingredients Market from both the demand and supply side. Furthermore, it evaluates market dynamics during the forecast period, i.e., drivers, challenges, opportunities, and future trends. The report also provides an extensive Porter's Five Forces analysis highlighting factors affecting these regions' Infant Formula Ingredients Market.
Key Players
The reports cover vital organic and inorganic growth strategy developments in the infant formula ingredients market. Various companies concentrate on organic growth strategies such as product launches, approvals, patents, and others. Inorganic growth strategies activities observed in the market were acquisitions, partnerships & collaborations. These activities have paved the way for the development of the business and customer base of market players. The Infant Formula Ingredients Market players are anticipated to have lucrative growth opportunities with the rising demand for convenient and easy-to-prepare infant formula in the global market.
The report includes key companies' profiles, SWOT analysis, and Infant formula ingredient market strategies. The report also focuses on leading market players with information including components and services offered, company profiles, financial information for the last three years, and critical development in the past five years.
Below is a list of companies engaged in the infant formula ingredients market.
- AAK
- DSM
- Arla Foods
- Carberry
- Kerry Group
- Fonterra
- Ingredion
- Saputo
- Tate & Lyle
- Lonza Group
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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
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to country scope.
TABLE OF CONTENTS
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Infant Formula Ingredients Market - By Type
1.3.2 Infant Formula Ingredients Market - By Form
1.3.3 Infant Formula Ingredients Market - By Source
1.3.4 Infant Formula Ingredients Market - By Application
1.3.5 Infant Formula Ingredients Market - By Region
1.3.5.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. INFANT FORMULA INGREDIENTS 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. INFANT FORMULA INGREDIENTS 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. INFANT FORMULA INGREDIENTS MARKET - GLOBAL MARKET ANALYSIS
6.1. INFANT FORMULA INGREDIENTS - GLOBAL MARKET OVERVIEW
6.2. INFANT FORMULA INGREDIENTS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. INFANT FORMULA INGREDIENTS MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. CARBOHYDRATES
7.3.1. Overview
7.3.2. Carbohydrates Market Forecast and Analysis
7.4. OILS AND FATS
7.4.1. Overview
7.4.2. Oils and Fats Market Forecast and Analysis
7.5. PROTEINS
7.5.1. Overview
7.5.2. Proteins Market Forecast and Analysis
7.6. VITAMINS AND MINERALS
7.6.1. Overview
7.6.2. Vitamins and Minerals Market Forecast and Analysis
7.7. PREBIOTICS
7.7.1. Overview
7.7.2. Prebiotics Market Forecast and Analysis
7.8. OTHERS
7.8.1. Overview
7.8.2. Others Market Forecast and Analysis
8. INFANT FORMULA INGREDIENTS MARKET - REVENUE AND FORECASTS TO 2028 - FORM
8.1. OVERVIEW
8.2. FORM MARKET FORECASTS AND ANALYSIS
8.3. POWDER
8.3.1. Overview
8.3.2. Powder Market Forecast and Analysis
8.4. LIQUID AND SEMI-LIQUID
8.4.1. Overview
8.4.2. Liquid and Semi-Liquid Market Forecast and Analysis
9. INFANT FORMULA INGREDIENTS MARKET - REVENUE AND FORECASTS TO 2028 - SOURCE
9.1. OVERVIEW
9.2. SOURCE MARKET FORECASTS AND ANALYSIS
9.3. CONVENTIONAL
9.3.1. Overview
9.3.2. Conventional Market Forecast and Analysis
9.4. ORGANIC
9.4.1. Overview
9.4.2. Organic Market Forecast and Analysis
10. INFANT FORMULA INGREDIENTS MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
10.1. OVERVIEW
10.2. APPLICATION MARKET FORECASTS AND ANALYSIS
10.3. GROWING-UP MILK (INFANTS OVER 12 MONTHS)
10.3.1. Overview
10.3.2. Growing-Up Milk (Infants over 12 Months) Market Forecast and Analysis
10.4. STANDARD INFANT FORMULA (0-6-MONTH-OLD INFANTS)
10.4.1. Overview
10.4.2. Standard Infant Formula (0-6-Month-Old Infants) Market Forecast and Analysis
10.5. FOLLOW-ON FORMULA (6-12 MONTH-OLD INFANTS)
10.5.1. Overview
10.5.2. Follow-On Formula (6-12 Month-Old Infants) Market Forecast and Analysis
10.6. SPECIALTY FORMULA
10.6.1. Overview
10.6.2. Specialty Formula Market Forecast and Analysis
11. INFANT FORMULA INGREDIENTS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
11.1. NORTH AMERICA
11.1.1 North America Infant Formula Ingredients Market Overview
11.1.2 North America Infant Formula Ingredients Market Forecasts and Analysis
11.1.3 North America Infant Formula Ingredients Market Forecasts and Analysis - By Type
11.1.4 North America Infant Formula Ingredients Market Forecasts and Analysis - By Form
11.1.5 North America Infant Formula Ingredients Market Forecasts and Analysis - By Source
11.1.6 North America Infant Formula Ingredients Market Forecasts and Analysis - By Application
11.1.7 North America Infant Formula Ingredients Market Forecasts and Analysis - By Countries
11.1.7.1 United States Infant Formula Ingredients Market
11.1.7.1.1 United States Infant Formula Ingredients Market by Type
11.1.7.1.2 United States Infant Formula Ingredients Market by Form
11.1.7.1.3 United States Infant Formula Ingredients Market by Source
11.1.7.1.4 United States Infant Formula Ingredients Market by Application
11.1.7.2 Canada Infant Formula Ingredients Market
11.1.7.2.1 Canada Infant Formula Ingredients Market by Type
11.1.7.2.2 Canada Infant Formula Ingredients Market by Form
11.1.7.2.3 Canada Infant Formula Ingredients Market by Source
11.1.7.2.4 Canada Infant Formula Ingredients Market by Application
11.1.7.3 Mexico Infant Formula Ingredients Market
11.1.7.3.1 Mexico Infant Formula Ingredients Market by Type
11.1.7.3.2 Mexico Infant Formula Ingredients Market by Form
11.1.7.3.3 Mexico Infant Formula Ingredients Market by Source
11.1.7.3.4 Mexico Infant Formula Ingredients Market by Application
11.2. EUROPE
11.2.1 Europe Infant Formula Ingredients Market Overview
11.2.2 Europe Infant Formula Ingredients Market Forecasts and Analysis
11.2.3 Europe Infant Formula Ingredients Market Forecasts and Analysis - By Type
11.2.4 Europe Infant Formula Ingredients Market Forecasts and Analysis - By Form
11.2.5 Europe Infant Formula Ingredients Market Forecasts and Analysis - By Source
11.2.6 Europe Infant Formula Ingredients Market Forecasts and Analysis - By Application
11.2.7 Europe Infant Formula Ingredients Market Forecasts and Analysis - By Countries
11.2.7.1 Germany Infant Formula Ingredients Market
11.2.7.1.1 Germany Infant Formula Ingredients Market by Type
11.2.7.1.2 Germany Infant Formula Ingredients Market by Form
11.2.7.1.3 Germany Infant Formula Ingredients Market by Source
11.2.7.1.4 Germany Infant Formula Ingredients Market by Application
11.2.7.2 France Infant Formula Ingredients Market
11.2.7.2.1 France Infant Formula Ingredients Market by Type
11.2.7.2.2 France Infant Formula Ingredients Market by Form
11.2.7.2.3 France Infant Formula Ingredients Market by Source
11.2.7.2.4 France Infant Formula Ingredients Market by Application
11.2.7.3 Italy Infant Formula Ingredients Market
11.2.7.3.1 Italy Infant Formula Ingredients Market by Type
11.2.7.3.2 Italy Infant Formula Ingredients Market by Form
11.2.7.3.3 Italy Infant Formula Ingredients Market by Source
11.2.7.3.4 Italy Infant Formula Ingredients Market by Application
11.2.7.4 United Kingdom Infant Formula Ingredients Market
11.2.7.4.1 United Kingdom Infant Formula Ingredients Market by Type
11.2.7.4.2 United Kingdom Infant Formula Ingredients Market by Form
11.2.7.4.3 United Kingdom Infant Formula Ingredients Market by Source
11.2.7.4.4 United Kingdom Infant Formula Ingredients Market by Application
11.2.7.5 Russia Infant Formula Ingredients Market
11.2.7.5.1 Russia Infant Formula Ingredients Market by Type
11.2.7.5.2 Russia Infant Formula Ingredients Market by Form
11.2.7.5.3 Russia Infant Formula Ingredients Market by Source
11.2.7.5.4 Russia Infant Formula Ingredients Market by Application
11.2.7.6 Rest of Europe Infant Formula Ingredients Market
11.2.7.6.1 Rest of Europe Infant Formula Ingredients Market by Type
11.2.7.6.2 Rest of Europe Infant Formula Ingredients Market by Form
11.2.7.6.3 Rest of Europe Infant Formula Ingredients Market by Source
11.2.7.6.4 Rest of Europe Infant Formula Ingredients Market by Application
11.3. ASIA-PACIFIC
11.3.1 Asia-Pacific Infant Formula Ingredients Market Overview
11.3.2 Asia-Pacific Infant Formula Ingredients Market Forecasts and Analysis
11.3.3 Asia-Pacific Infant Formula Ingredients Market Forecasts and Analysis - By Type
11.3.4 Asia-Pacific Infant Formula Ingredients Market Forecasts and Analysis - By Form
11.3.5 Asia-Pacific Infant Formula Ingredients Market Forecasts and Analysis - By Source
11.3.6 Asia-Pacific Infant Formula Ingredients Market Forecasts and Analysis - By Application
11.3.7 Asia-Pacific Infant Formula Ingredients Market Forecasts and Analysis - By Countries
11.3.7.1 Australia Infant Formula Ingredients Market
11.3.7.1.1 Australia Infant Formula Ingredients Market by Type
11.3.7.1.2 Australia Infant Formula Ingredients Market by Form
11.3.7.1.3 Australia Infant Formula Ingredients Market by Source
11.3.7.1.4 Australia Infant Formula Ingredients Market by Application
11.3.7.2 China Infant Formula Ingredients Market
11.3.7.2.1 China Infant Formula Ingredients Market by Type
11.3.7.2.2 China Infant Formula Ingredients Market by Form
11.3.7.2.3 China Infant Formula Ingredients Market by Source
11.3.7.2.4 China Infant Formula Ingredients Market by Application
11.3.7.3 India Infant Formula Ingredients Market
11.3.7.3.1 India Infant Formula Ingredients Market by Type
11.3.7.3.2 India Infant Formula Ingredients Market by Form
11.3.7.3.3 India Infant Formula Ingredients Market by Source
11.3.7.3.4 India Infant Formula Ingredients Market by Application
11.3.7.4 Japan Infant Formula Ingredients Market
11.3.7.4.1 Japan Infant Formula Ingredients Market by Type
11.3.7.4.2 Japan Infant Formula Ingredients Market by Form
11.3.7.4.3 Japan Infant Formula Ingredients Market by Source
11.3.7.4.4 Japan Infant Formula Ingredients Market by Application
11.3.7.5 South Korea Infant Formula Ingredients Market
11.3.7.5.1 South Korea Infant Formula Ingredients Market by Type
11.3.7.5.2 South Korea Infant Formula Ingredients Market by Form
11.3.7.5.3 South Korea Infant Formula Ingredients Market by Source
11.3.7.5.4 South Korea Infant Formula Ingredients Market by Application
11.3.7.6 Rest of Asia-Pacific Infant Formula Ingredients Market
11.3.7.6.1 Rest of Asia-Pacific Infant Formula Ingredients Market by Type
11.3.7.6.2 Rest of Asia-Pacific Infant Formula Ingredients Market by Form
11.3.7.6.3 Rest of Asia-Pacific Infant Formula Ingredients Market by Source
11.3.7.6.4 Rest of Asia-Pacific Infant Formula Ingredients Market by Application
11.4. MIDDLE EAST AND AFRICA
11.4.1 Middle East and Africa Infant Formula Ingredients Market Overview
11.4.2 Middle East and Africa Infant Formula Ingredients Market Forecasts and Analysis
11.4.3 Middle East and Africa Infant Formula Ingredients Market Forecasts and Analysis - By Type
11.4.4 Middle East and Africa Infant Formula Ingredients Market Forecasts and Analysis - By Form
11.4.5 Middle East and Africa Infant Formula Ingredients Market Forecasts and Analysis - By Source
11.4.6 Middle East and Africa Infant Formula Ingredients Market Forecasts and Analysis - By Application
11.4.7 Middle East and Africa Infant Formula Ingredients Market Forecasts and Analysis - By Countries
11.4.7.1 South Africa Infant Formula Ingredients Market
11.4.7.1.1 South Africa Infant Formula Ingredients Market by Type
11.4.7.1.2 South Africa Infant Formula Ingredients Market by Form
11.4.7.1.3 South Africa Infant Formula Ingredients Market by Source
11.4.7.1.4 South Africa Infant Formula Ingredients Market by Application
11.4.7.2 Saudi Arabia Infant Formula Ingredients Market
11.4.7.2.1 Saudi Arabia Infant Formula Ingredients Market by Type
11.4.7.2.2 Saudi Arabia Infant Formula Ingredients Market by Form
11.4.7.2.3 Saudi Arabia Infant Formula Ingredients Market by Source
11.4.7.2.4 Saudi Arabia Infant Formula Ingredients Market by Application
11.4.7.3 U.A.E Infant Formula Ingredients Market
11.4.7.3.1 U.A.E Infant Formula Ingredients Market by Type
11.4.7.3.2 U.A.E Infant Formula Ingredients Market by Form
11.4.7.3.3 U.A.E Infant Formula Ingredients Market by Source
11.4.7.3.4 U.A.E Infant Formula Ingredients Market by Application
11.4.7.4 Rest of Middle East and Africa Infant Formula Ingredients Market
11.4.7.4.1 Rest of Middle East and Africa Infant Formula Ingredients Market by Type
11.4.7.4.2 Rest of Middle East and Africa Infant Formula Ingredients Market by Form
11.4.7.4.3 Rest of Middle East and Africa Infant Formula Ingredients Market by Source
11.4.7.4.4 Rest of Middle East and Africa Infant Formula Ingredients Market by Application
11.5. SOUTH AND CENTRAL AMERICA
11.5.1 South and Central America Infant Formula Ingredients Market Overview
11.5.2 South and Central America Infant Formula Ingredients Market Forecasts and Analysis
11.5.3 South and Central America Infant Formula Ingredients Market Forecasts and Analysis - By Type
11.5.4 South and Central America Infant Formula Ingredients Market Forecasts and Analysis - By Form
11.5.5 South and Central America Infant Formula Ingredients Market Forecasts and Analysis - By Source
11.5.6 South and Central America Infant Formula Ingredients Market Forecasts and Analysis - By Application
11.5.7 South and Central America Infant Formula Ingredients Market Forecasts and Analysis - By Countries
11.5.7.1 Brazil Infant Formula Ingredients Market
11.5.7.1.1 Brazil Infant Formula Ingredients Market by Type
11.5.7.1.2 Brazil Infant Formula Ingredients Market by Form
11.5.7.1.3 Brazil Infant Formula Ingredients Market by Source
11.5.7.1.4 Brazil Infant Formula Ingredients Market by Application
11.5.7.2 Argentina Infant Formula Ingredients Market
11.5.7.2.1 Argentina Infant Formula Ingredients Market by Type
11.5.7.2.2 Argentina Infant Formula Ingredients Market by Form
11.5.7.2.3 Argentina Infant Formula Ingredients Market by Source
11.5.7.2.4 Argentina Infant Formula Ingredients Market by Application
11.5.7.3 Rest of South and Central America Infant Formula Ingredients Market
11.5.7.3.1 Rest of South and Central America Infant Formula Ingredients Market by Type
11.5.7.3.2 Rest of South and Central America Infant Formula Ingredients Market by Form
11.5.7.3.3 Rest of South and Central America Infant Formula Ingredients Market by Source
11.5.7.3.4 Rest of South and Central America Infant Formula Ingredients Market by Application
12. INDUSTRY LANDSCAPE
12.1. MERGERS AND ACQUISITIONS
12.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
12.3. NEW PRODUCT LAUNCHES
12.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
13. INFANT FORMULA INGREDIENTS MARKET, KEY COMPANY PROFILES
13.1. AAK
13.1.1. Key Facts
13.1.2. Business Description
13.1.3. Products and Services
13.1.4. Financial Overview
13.1.5. SWOT Analysis
13.1.6. Key Developments
13.2. ARLA FOODS AMBA
13.2.1. Key Facts
13.2.2. Business Description
13.2.3. Products and Services
13.2.4. Financial Overview
13.2.5. SWOT Analysis
13.2.6. Key Developments
13.3. BASF SE
13.3.1. Key Facts
13.3.2. Business Description
13.3.3. Products and Services
13.3.4. Financial Overview
13.3.5. SWOT Analysis
13.3.6. Key Developments
13.4. CARBERY FOOD INGREDIENTS LIMITED
13.4.1. Key Facts
13.4.2. Business Description
13.4.3. Products and Services
13.4.4. Financial Overview
13.4.5. SWOT Analysis
13.4.6. Key Developments
13.5. CHR. HANSEN HOLDING A/S
13.5.1. Key Facts
13.5.2. Business Description
13.5.3. Products and Services
13.5.4. Financial Overview
13.5.5. SWOT Analysis
13.5.6. Key Developments
13.6. FONTERRA CO-OPERATIVE GROUP LIMITED
13.6.1. Key Facts
13.6.2. Business Description
13.6.3. Products and Services
13.6.4. Financial Overview
13.6.5. SWOT Analysis
13.6.6. Key Developments
13.7. KONINKLIJKE DSM N.V.
13.7.1. Key Facts
13.7.2. Business Description
13.7.3. Products and Services
13.7.4. Financial Overview
13.7.5. SWOT Analysis
13.7.6. Key Developments
13.8. ROYAL FRIESLANDCAMPINA N.V.
13.8.1. Key Facts
13.8.2. Business Description
13.8.3. Products and Services
13.8.4. Financial Overview
13.8.5. SWOT Analysis
13.8.6. Key Developments
13.9. SACHSENMILCH LEPPERSDORF GMBH
13.9.1. Key Facts
13.9.2. Business Description
13.9.3. Products and Services
13.9.4. Financial Overview
13.9.5. SWOT Analysis
13.9.6. Key Developments
13.10. VITABLEND NEDERLAND BV
13.10.1. Key Facts
13.10.2. Business Description
13.10.3. Products and Services
13.10.4. Financial Overview
13.10.5. SWOT Analysis
13.10.6. Key Developments
14. APPENDIX
14.1. ABOUT THE INSIGHT PARTNERS
14.2. GLOSSARY OF TERMS
The List of Companies
1.AAK
2.Arla Foods amba
3.BASF SE
4.Carbery Food Ingredients Limited
5.Chr. Hansen Holding A/S
6.Fonterra Co-operative Group Limited
7.Koninklijke DSM N.V.
8.Royal FrieslandCampina N.V.
9.SACHSENMILCH LEPPERSDORF GMBH
10.Vitablend Nederland BV
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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