Isoflavones Market Strategic Insights and Updates by 2031
The Isoflavones Market is expected to register a CAGR of 4.8% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.
The report is segmented by source (soy and red clover). The report further presents an analysis based on the application (food and beverages, pharmaceuticals and nutraceuticals, personal care, and others). The report scope covers five regions: North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America and key countries under each region. The global analysis is further broken-down at regional level and major countries. The Report Offers the Value in USD for the above analysis and segments.
Purpose of the ReportThe report Isoflavones Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Isoflavones Market Segmentation
Source- Soy and Red Clover
- Food and Beverages
- Pharmaceuticals and Nutraceuticals
- Personal Care
Strategic Insights
Isoflavones Market Growth Drivers- Increased Health Awareness: With increased health concerns and a desire for natural alternatives, the consumption of plant-based ingredients has immensely increased in recent times, and isoflavones are no exception. Isoflavones are plant-derived nutrients that have widespread potential benefits for health issues as hormonal balance, menopausal symptoms, and cardiovascular diseases. A trend increasingly becoming popular is the preference for products that are plant-based and not synthesized in the laboratory and is a factor prominently driving the global demand for isoflavones.
- Isoflavones for Women's Health: Isoflavones are utilized in many women's health products: For menopause symptoms - hot flashes and night sweating; and for hormonal imbalance. The high number of middle-aged women seeking natural remedies for these complaints is thereby increasing the demand for isoflavone-based supplements. In addition, an increasing consciousness about the prevention of osteoporosis and heart diseases with the help of isoflavones is further driving the market.
- Rising Popularity of Functional Foods and Beverages: Another significant driver of growth is the higher demand for functional foods and beverages, providing health benefits over basic nutrition, in which isoflavones are highly recommended. Consumers are now looking increasingly at food and beverage products that promise wellness, and isoflavones are often used as an additive in functional foods such as fortified dairy products, snacks, and beverages. As manufacturers are coming to understand the demand for health-boosting ingredients, they have increasingly used isoflavones in their product lines.
- Sustainability and Eco-friendly Sourcing: Consumers are increasingly becoming conscious of sustainability in their purchasing decisions. Part of this movement is the high demand for sources of isoflavones, which are bio-based and safe for the environment. Among these sources is one extracted from non-GMO organic soy. This is the aspect of green and sustainable sourcing that is increasingly picking up among health-conscious consumers and manufacturers.
- Advancements in Extraction and Purification Technologies: Improving extraction and purification technologies reduces the cost and increases efficiency in the production of iso-flavones. The supercritical fluid extraction and enzymatic processes that have improved yield, purity, and bioavailability have helped to enhance the quality of isoflavones into higher quality and strength in terms of relation to isoflavone products.
- Personalized Nutrition and Tailored Solutions: There is an increasing trend toward personalized nutrition-that is, tailoring the diet and supplements to fulfill individual health needs-by tailoring diets and supplements to align with the specific health needs of consumers. Hence, isoflavones are, in turn, being used in tailored solutions for hormone balance, bone health, and cardiovascular wellness. Customized products incorporating precise doses of isoflavones are being developed for such specific health needs by manufacturers.
- Adoption in Emerging Markets: Isoflavones are being increasingly adopted in emerging markets, particularly in Asia-Pacific and Latin America. Increasing disposable incomes and health and wellness awareness drive consumers to opt for plant-based supplements. The expansion of companies to their distribution network within the regions outlined above will benefit from growing interest by consumers in these regions for natural health care products.
- Innovation in Functional Foods: There is also immense scope for creative and innovative functional foods that would encompass isoflavones: iso-flavone-enriched snacks, soft drinks, and dairy products would be some examples that can reach a far greater consumer base across the board, starting from the 'busy bees' who require convenient, on-the-go health solutions.
- Growth of E-commerce: The growing e-commerce sector has opened new avenues for isoflavone-based products. The target consumer base can easily access isoflavone-based products through online platforms. Online media can access certain market segments, such as women in menopause, or health-conscious people. Together with the fact that consumers are increasingly buying supplementary products online, companies can exploit this trend to expand their market scope and reach a global audience.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Isoflavones Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Isoflavones Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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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.
Frequently Asked Questions
The Isoflavones Market is estimated to witness a CAGR of 4.8% from 2023 to 2031
The major factors driving the isoflavones market are:
1. Increasing Consumer Demand for Natural and Plant-Based Supplements.
2.Growing Popularity of Functional Foods and Beverages.
Agrisera, International Flavors & Fragrances Inc, Natural Remedies, DSM-Firmenich, NutraScience Labs, Solvay SA, DuPont de Nemours Inc, Indena SpA, and Tapioca Starch Co Ltd
On the basis of geography, the isoflavones market is classified into North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America
The report can be delivered in PDF/Word format, we can also share excel data sheet based on request.
Increasing focus on personalized nutrition is expected to be the key market trend.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Isoflavones Market - By Source
1.3.2 Isoflavones Market - By Application
1.3.3 Isoflavones Market - By Form
1.3.4 Isoflavones Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. ISOFLAVONES 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. ISOFLAVONES 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. ISOFLAVONES MARKET - GLOBAL MARKET ANALYSIS
6.1. ISOFLAVONES - GLOBAL MARKET OVERVIEW
6.2. ISOFLAVONES - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. ISOFLAVONES MARKET - REVENUE AND FORECASTS TO 2028 - SOURCE
7.1. OVERVIEW
7.2. SOURCE MARKET FORECASTS AND ANALYSIS
7.3. SOY
7.3.1. Overview
7.3.2. Soy Market Forecast and Analysis
7.4. RED CLOVER
7.4.1. Overview
7.4.2. Red Clover Market Forecast and Analysis
7.5. OTHERS
7.5.1. Overview
7.5.2. Others Market Forecast and Analysis
8. ISOFLAVONES MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. PHARMACEUTICALS
8.3.1. Overview
8.3.2. Pharmaceuticals Market Forecast and Analysis
8.4. NUTRACEUTICALS
8.4.1. Overview
8.4.2. Nutraceuticals Market Forecast and Analysis
8.5. COSMETICS
8.5.1. Overview
8.5.2. Cosmetics Market Forecast and Analysis
8.6. FOOD AND BEVERAGES
8.6.1. Overview
8.6.2. Food and Beverages Market Forecast and Analysis
9. ISOFLAVONES MARKET - REVENUE AND FORECASTS TO 2028 - FORM
9.1. OVERVIEW
9.2. FORM MARKET FORECASTS AND ANALYSIS
9.3. POWDER
9.3.1. Overview
9.3.2. Powder Market Forecast and Analysis
9.4. LIQUID
9.4.1. Overview
9.4.2. Liquid Market Forecast and Analysis
10. ISOFLAVONES MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Isoflavones Market Overview
10.1.2 North America Isoflavones Market Forecasts and Analysis
10.1.3 North America Isoflavones Market Forecasts and Analysis - By Source
10.1.4 North America Isoflavones Market Forecasts and Analysis - By Application
10.1.5 North America Isoflavones Market Forecasts and Analysis - By Form
10.1.6 North America Isoflavones Market Forecasts and Analysis - By Countries
10.1.6.1 United States Isoflavones Market
10.1.6.1.1 United States Isoflavones Market by Source
10.1.6.1.2 United States Isoflavones Market by Application
10.1.6.1.3 United States Isoflavones Market by Form
10.1.6.2 Canada Isoflavones Market
10.1.6.2.1 Canada Isoflavones Market by Source
10.1.6.2.2 Canada Isoflavones Market by Application
10.1.6.2.3 Canada Isoflavones Market by Form
10.1.6.3 Mexico Isoflavones Market
10.1.6.3.1 Mexico Isoflavones Market by Source
10.1.6.3.2 Mexico Isoflavones Market by Application
10.1.6.3.3 Mexico Isoflavones Market by Form
10.2. EUROPE
10.2.1 Europe Isoflavones Market Overview
10.2.2 Europe Isoflavones Market Forecasts and Analysis
10.2.3 Europe Isoflavones Market Forecasts and Analysis - By Source
10.2.4 Europe Isoflavones Market Forecasts and Analysis - By Application
10.2.5 Europe Isoflavones Market Forecasts and Analysis - By Form
10.2.6 Europe Isoflavones Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Isoflavones Market
10.2.6.1.1 Germany Isoflavones Market by Source
10.2.6.1.2 Germany Isoflavones Market by Application
10.2.6.1.3 Germany Isoflavones Market by Form
10.2.6.2 France Isoflavones Market
10.2.6.2.1 France Isoflavones Market by Source
10.2.6.2.2 France Isoflavones Market by Application
10.2.6.2.3 France Isoflavones Market by Form
10.2.6.3 Italy Isoflavones Market
10.2.6.3.1 Italy Isoflavones Market by Source
10.2.6.3.2 Italy Isoflavones Market by Application
10.2.6.3.3 Italy Isoflavones Market by Form
10.2.6.4 United Kingdom Isoflavones Market
10.2.6.4.1 United Kingdom Isoflavones Market by Source
10.2.6.4.2 United Kingdom Isoflavones Market by Application
10.2.6.4.3 United Kingdom Isoflavones Market by Form
10.2.6.5 Russia Isoflavones Market
10.2.6.5.1 Russia Isoflavones Market by Source
10.2.6.5.2 Russia Isoflavones Market by Application
10.2.6.5.3 Russia Isoflavones Market by Form
10.2.6.6 Rest of Europe Isoflavones Market
10.2.6.6.1 Rest of Europe Isoflavones Market by Source
10.2.6.6.2 Rest of Europe Isoflavones Market by Application
10.2.6.6.3 Rest of Europe Isoflavones Market by Form
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Isoflavones Market Overview
10.3.2 Asia-Pacific Isoflavones Market Forecasts and Analysis
10.3.3 Asia-Pacific Isoflavones Market Forecasts and Analysis - By Source
10.3.4 Asia-Pacific Isoflavones Market Forecasts and Analysis - By Application
10.3.5 Asia-Pacific Isoflavones Market Forecasts and Analysis - By Form
10.3.6 Asia-Pacific Isoflavones Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Isoflavones Market
10.3.6.1.1 Australia Isoflavones Market by Source
10.3.6.1.2 Australia Isoflavones Market by Application
10.3.6.1.3 Australia Isoflavones Market by Form
10.3.6.2 China Isoflavones Market
10.3.6.2.1 China Isoflavones Market by Source
10.3.6.2.2 China Isoflavones Market by Application
10.3.6.2.3 China Isoflavones Market by Form
10.3.6.3 India Isoflavones Market
10.3.6.3.1 India Isoflavones Market by Source
10.3.6.3.2 India Isoflavones Market by Application
10.3.6.3.3 India Isoflavones Market by Form
10.3.6.4 Japan Isoflavones Market
10.3.6.4.1 Japan Isoflavones Market by Source
10.3.6.4.2 Japan Isoflavones Market by Application
10.3.6.4.3 Japan Isoflavones Market by Form
10.3.6.5 South Korea Isoflavones Market
10.3.6.5.1 South Korea Isoflavones Market by Source
10.3.6.5.2 South Korea Isoflavones Market by Application
10.3.6.5.3 South Korea Isoflavones Market by Form
10.3.6.6 Rest of Asia-Pacific Isoflavones Market
10.3.6.6.1 Rest of Asia-Pacific Isoflavones Market by Source
10.3.6.6.2 Rest of Asia-Pacific Isoflavones Market by Application
10.3.6.6.3 Rest of Asia-Pacific Isoflavones Market by Form
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Isoflavones Market Overview
10.4.2 Middle East and Africa Isoflavones Market Forecasts and Analysis
10.4.3 Middle East and Africa Isoflavones Market Forecasts and Analysis - By Source
10.4.4 Middle East and Africa Isoflavones Market Forecasts and Analysis - By Application
10.4.5 Middle East and Africa Isoflavones Market Forecasts and Analysis - By Form
10.4.6 Middle East and Africa Isoflavones Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Isoflavones Market
10.4.6.1.1 South Africa Isoflavones Market by Source
10.4.6.1.2 South Africa Isoflavones Market by Application
10.4.6.1.3 South Africa Isoflavones Market by Form
10.4.6.2 Saudi Arabia Isoflavones Market
10.4.6.2.1 Saudi Arabia Isoflavones Market by Source
10.4.6.2.2 Saudi Arabia Isoflavones Market by Application
10.4.6.2.3 Saudi Arabia Isoflavones Market by Form
10.4.6.3 U.A.E Isoflavones Market
10.4.6.3.1 U.A.E Isoflavones Market by Source
10.4.6.3.2 U.A.E Isoflavones Market by Application
10.4.6.3.3 U.A.E Isoflavones Market by Form
10.4.6.4 Rest of Middle East and Africa Isoflavones Market
10.4.6.4.1 Rest of Middle East and Africa Isoflavones Market by Source
10.4.6.4.2 Rest of Middle East and Africa Isoflavones Market by Application
10.4.6.4.3 Rest of Middle East and Africa Isoflavones Market by Form
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Isoflavones Market Overview
10.5.2 South and Central America Isoflavones Market Forecasts and Analysis
10.5.3 South and Central America Isoflavones Market Forecasts and Analysis - By Source
10.5.4 South and Central America Isoflavones Market Forecasts and Analysis - By Application
10.5.5 South and Central America Isoflavones Market Forecasts and Analysis - By Form
10.5.6 South and Central America Isoflavones Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Isoflavones Market
10.5.6.1.1 Brazil Isoflavones Market by Source
10.5.6.1.2 Brazil Isoflavones Market by Application
10.5.6.1.3 Brazil Isoflavones Market by Form
10.5.6.2 Argentina Isoflavones Market
10.5.6.2.1 Argentina Isoflavones Market by Source
10.5.6.2.2 Argentina Isoflavones Market by Application
10.5.6.2.3 Argentina Isoflavones Market by Form
10.5.6.3 Rest of South and Central America Isoflavones Market
10.5.6.3.1 Rest of South and Central America Isoflavones Market by Source
10.5.6.3.2 Rest of South and Central America Isoflavones Market by Application
10.5.6.3.3 Rest of South and Central America Isoflavones Market by Form
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. ISOFLAVONES MARKET, KEY COMPANY PROFILES
12.1. ADM
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. AVESTIA PHARMA
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. BASF SE
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. BIOMAX
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. CARGILL
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. DSM
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. HERBO NUTRA
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. NEXIRA INC.
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. NUTRA GREEN BIOTECHNOLOGY CO.,LTD.
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. SK BIOLAND
12.10.1. Key Facts
12.10.2. Business Description
12.10.3. Products and Services
12.10.4. Financial Overview
12.10.5. SWOT Analysis
12.10.6. Key Developments
13. APPENDIX
13.1. ABOUT THE INSIGHT PARTNERS
13.2. GLOSSARY OF TERMS
1. ADM
2. Avestia Pharma
3. BASF SE
4. Biomax
5. Cargill
6. DSM
7. Herbo Nutra
8. Nexira Inc.
9. Nutra Green Biotechnology Co.,Ltd.
10. SK Bioland
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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