Marine Collagen Market Insights and Growth by 2031
Analyst Perspective
The global marine collagen market is estimated to register a CAGR of 7.6%. The marine collagen market is anticipated to grow in the forecasted period due to the increasing demand for natural and sustainable ingredients, the increasing awareness of the health benefits of the collagen market, and the rising popularity of anti-aging products. The lack of awareness about the benefits of marine collagen among some consumers high cost of collagen compared to other sources of collagen, such as bovine collagen, are significant challenges that may hamper the growth of the marine collagen market. Rising demand for natural and sustainable ingredients, expanding its application, and focus on bioavailability are significant growth opportunities for the marine collagen market.
Market Overview
Marine collagen is extracted from fish and other marine organisms. Marine collagen falls in the type I and type III collagen categories, representing a fibrous protein sourced from sea fish scales or meat. One of the key advantages of marine collagen is its high bioavailability, which means it can easily absorbed by the body, making it more effective than other forms of collagen. The marine collagen market is thriving as more consumers in developed countries with higher incomes are increasingly interested in collagen-based products. There's a significant demand in the sports nutrition sector, driven by global health-conscious trends. As disposable income rises, people are willing to spend more on healthy and wellness products, which drives the demand for marine collagen, a premium ingredient. Manufacturers are constantly developing new and innovative marine collagen products, which help drive the market's growth. The market's robust future is also supported by advanced manufacturing and the versatility of marine collagen applications.
Market Drivers
- Consumers are increasingly interested in products made with natural and sustainable ingredients. Marine collagen is a natural collagen source derived from fish waste.
- Collagen is a protein found in skin, joints, and bones. It is necessary for maintaining healthy skin, joints, and bones. As people age, their collagen production declines, leading to wrinkles, joint pain, and other problems. Marine collagen effectively increases collagen levels in the body, which is helpful to improve skin health, joint health, and bone health.
Market Segmentation
The global marine collagen market is segmented based on type, source, animal, and application. The global marine collagen market is segmented based on type I, III, and others. The marine collagen market is segmented based on source into skin, scale, muscles, bones and tendons, and others. The marine collagen market is segmented based on animal fish and marine organisms. Based on application, it is into nutraceuticals, cosmetics, dietary supplements, medical, and others.
Regional Analysis
The report provides a detailed industry overview, which includes qualitative and quantitative information. It gives information on an overview and forecast of the global marine collagen 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 marine collagen market by region is also sub-segmented by respective countries and segments. The marine collagen 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 marine collagen 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 the marine collagen market in these regions.
Key Players
The reports cover vital organic and inorganic growth strategy developments in the marine collagen 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 market players in the marine collagen market are anticipated to have lucrative growth opportunities with the increasing demand for sustainable products in the global market.
The report includes key companies' profiles, SWOT analysis, and marine collagen 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 marine collagen market.
- Ashland
- Darling ingredients
- BHN International
- Gelita
- Amicogen
- Nitta Gelatin
- Seagarden
- Nippi Inc
- Vital proteins
- Titan Biotech
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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 Marine Collagen Market - By Type
1.3.2 Marine Collagen Market - By Source
1.3.3 Marine Collagen Market - By Animal
1.3.4 Marine Collagen Market - By Application
1.3.5 Marine Collagen Market - By Region
1.3.5.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. MARINE COLLAGEN 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. MARINE COLLAGEN 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. MARINE COLLAGEN MARKET - GLOBAL MARKET ANALYSIS
6.1. MARINE COLLAGEN - GLOBAL MARKET OVERVIEW
6.2. MARINE COLLAGEN - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. MARINE COLLAGEN MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. TYPE I
7.3.1. Overview
7.3.2. Type I Market Forecast and Analysis
7.4. TYPE III
7.4.1. Overview
7.4.2. type III Market Forecast and Analysis
7.5. OTHERS
7.5.1. Overview
7.5.2. Others Market Forecast and Analysis
8. MARINE COLLAGEN MARKET - REVENUE AND FORECASTS TO 2028 - SOURCE
8.1. OVERVIEW
8.2. SOURCE MARKET FORECASTS AND ANALYSIS
8.3. SKIN SCALE AND MUSCLES
8.3.1. Overview
8.3.2. Skin scale and Muscles Market Forecast and Analysis
8.4. BONES AND TENDONS
8.4.1. Overview
8.4.2. Bones and Tendons Market Forecast and Analysis
8.5. OTHERS
8.5.1. Overview
8.5.2. Others Market Forecast and Analysis
9. MARINE COLLAGEN MARKET - REVENUE AND FORECASTS TO 2028 - ANIMAL
9.1. OVERVIEW
9.2. ANIMAL MARKET FORECASTS AND ANALYSIS
9.3. FISH
9.3.1. Overview
9.3.2. Fish Market Forecast and Analysis
9.4. OTHERS
9.4.1. Overview
9.4.2. Others Market Forecast and Analysis
10. MARINE COLLAGEN MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
10.1. OVERVIEW
10.2. APPLICATION MARKET FORECASTS AND ANALYSIS
10.3. NUTRACEUTICALS
10.3.1. Overview
10.3.2. Nutraceuticals Market Forecast and Analysis
10.4. COSMETICS
10.4.1. Overview
10.4.2. Cosmetics Market Forecast and Analysis
10.5. MEDICAL
10.5.1. Overview
10.5.2. Medical Market Forecast and Analysis
10.6. OTHERS
10.6.1. Overview
10.6.2. Others Market Forecast and Analysis
11. MARINE COLLAGEN MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
11.1. NORTH AMERICA
11.1.1 North America Marine Collagen Market Overview
11.1.2 North America Marine Collagen Market Forecasts and Analysis
11.1.3 North America Marine Collagen Market Forecasts and Analysis - By Type
11.1.4 North America Marine Collagen Market Forecasts and Analysis - By Source
11.1.5 North America Marine Collagen Market Forecasts and Analysis - By Animal
11.1.6 North America Marine Collagen Market Forecasts and Analysis - By Application
11.1.7 North America Marine Collagen Market Forecasts and Analysis - By Countries
11.1.7.1 United States Marine Collagen Market
11.1.7.1.1 United States Marine Collagen Market by Type
11.1.7.1.2 United States Marine Collagen Market by Source
11.1.7.1.3 United States Marine Collagen Market by Animal
11.1.7.1.4 United States Marine Collagen Market by Application
11.1.7.2 Canada Marine Collagen Market
11.1.7.2.1 Canada Marine Collagen Market by Type
11.1.7.2.2 Canada Marine Collagen Market by Source
11.1.7.2.3 Canada Marine Collagen Market by Animal
11.1.7.2.4 Canada Marine Collagen Market by Application
11.1.7.3 Mexico Marine Collagen Market
11.1.7.3.1 Mexico Marine Collagen Market by Type
11.1.7.3.2 Mexico Marine Collagen Market by Source
11.1.7.3.3 Mexico Marine Collagen Market by Animal
11.1.7.3.4 Mexico Marine Collagen Market by Application
11.2. EUROPE
11.2.1 Europe Marine Collagen Market Overview
11.2.2 Europe Marine Collagen Market Forecasts and Analysis
11.2.3 Europe Marine Collagen Market Forecasts and Analysis - By Type
11.2.4 Europe Marine Collagen Market Forecasts and Analysis - By Source
11.2.5 Europe Marine Collagen Market Forecasts and Analysis - By Animal
11.2.6 Europe Marine Collagen Market Forecasts and Analysis - By Application
11.2.7 Europe Marine Collagen Market Forecasts and Analysis - By Countries
11.2.7.1 Germany Marine Collagen Market
11.2.7.1.1 Germany Marine Collagen Market by Type
11.2.7.1.2 Germany Marine Collagen Market by Source
11.2.7.1.3 Germany Marine Collagen Market by Animal
11.2.7.1.4 Germany Marine Collagen Market by Application
11.2.7.2 France Marine Collagen Market
11.2.7.2.1 France Marine Collagen Market by Type
11.2.7.2.2 France Marine Collagen Market by Source
11.2.7.2.3 France Marine Collagen Market by Animal
11.2.7.2.4 France Marine Collagen Market by Application
11.2.7.3 Italy Marine Collagen Market
11.2.7.3.1 Italy Marine Collagen Market by Type
11.2.7.3.2 Italy Marine Collagen Market by Source
11.2.7.3.3 Italy Marine Collagen Market by Animal
11.2.7.3.4 Italy Marine Collagen Market by Application
11.2.7.4 United Kingdom Marine Collagen Market
11.2.7.4.1 United Kingdom Marine Collagen Market by Type
11.2.7.4.2 United Kingdom Marine Collagen Market by Source
11.2.7.4.3 United Kingdom Marine Collagen Market by Animal
11.2.7.4.4 United Kingdom Marine Collagen Market by Application
11.2.7.5 Russia Marine Collagen Market
11.2.7.5.1 Russia Marine Collagen Market by Type
11.2.7.5.2 Russia Marine Collagen Market by Source
11.2.7.5.3 Russia Marine Collagen Market by Animal
11.2.7.5.4 Russia Marine Collagen Market by Application
11.2.7.6 Rest of Europe Marine Collagen Market
11.2.7.6.1 Rest of Europe Marine Collagen Market by Type
11.2.7.6.2 Rest of Europe Marine Collagen Market by Source
11.2.7.6.3 Rest of Europe Marine Collagen Market by Animal
11.2.7.6.4 Rest of Europe Marine Collagen Market by Application
11.3. ASIA-PACIFIC
11.3.1 Asia-Pacific Marine Collagen Market Overview
11.3.2 Asia-Pacific Marine Collagen Market Forecasts and Analysis
11.3.3 Asia-Pacific Marine Collagen Market Forecasts and Analysis - By Type
11.3.4 Asia-Pacific Marine Collagen Market Forecasts and Analysis - By Source
11.3.5 Asia-Pacific Marine Collagen Market Forecasts and Analysis - By Animal
11.3.6 Asia-Pacific Marine Collagen Market Forecasts and Analysis - By Application
11.3.7 Asia-Pacific Marine Collagen Market Forecasts and Analysis - By Countries
11.3.7.1 Australia Marine Collagen Market
11.3.7.1.1 Australia Marine Collagen Market by Type
11.3.7.1.2 Australia Marine Collagen Market by Source
11.3.7.1.3 Australia Marine Collagen Market by Animal
11.3.7.1.4 Australia Marine Collagen Market by Application
11.3.7.2 China Marine Collagen Market
11.3.7.2.1 China Marine Collagen Market by Type
11.3.7.2.2 China Marine Collagen Market by Source
11.3.7.2.3 China Marine Collagen Market by Animal
11.3.7.2.4 China Marine Collagen Market by Application
11.3.7.3 India Marine Collagen Market
11.3.7.3.1 India Marine Collagen Market by Type
11.3.7.3.2 India Marine Collagen Market by Source
11.3.7.3.3 India Marine Collagen Market by Animal
11.3.7.3.4 India Marine Collagen Market by Application
11.3.7.4 Japan Marine Collagen Market
11.3.7.4.1 Japan Marine Collagen Market by Type
11.3.7.4.2 Japan Marine Collagen Market by Source
11.3.7.4.3 Japan Marine Collagen Market by Animal
11.3.7.4.4 Japan Marine Collagen Market by Application
11.3.7.5 South Korea Marine Collagen Market
11.3.7.5.1 South Korea Marine Collagen Market by Type
11.3.7.5.2 South Korea Marine Collagen Market by Source
11.3.7.5.3 South Korea Marine Collagen Market by Animal
11.3.7.5.4 South Korea Marine Collagen Market by Application
11.3.7.6 Rest of Asia-Pacific Marine Collagen Market
11.3.7.6.1 Rest of Asia-Pacific Marine Collagen Market by Type
11.3.7.6.2 Rest of Asia-Pacific Marine Collagen Market by Source
11.3.7.6.3 Rest of Asia-Pacific Marine Collagen Market by Animal
11.3.7.6.4 Rest of Asia-Pacific Marine Collagen Market by Application
11.4. MIDDLE EAST AND AFRICA
11.4.1 Middle East and Africa Marine Collagen Market Overview
11.4.2 Middle East and Africa Marine Collagen Market Forecasts and Analysis
11.4.3 Middle East and Africa Marine Collagen Market Forecasts and Analysis - By Type
11.4.4 Middle East and Africa Marine Collagen Market Forecasts and Analysis - By Source
11.4.5 Middle East and Africa Marine Collagen Market Forecasts and Analysis - By Animal
11.4.6 Middle East and Africa Marine Collagen Market Forecasts and Analysis - By Application
11.4.7 Middle East and Africa Marine Collagen Market Forecasts and Analysis - By Countries
11.4.7.1 South Africa Marine Collagen Market
11.4.7.1.1 South Africa Marine Collagen Market by Type
11.4.7.1.2 South Africa Marine Collagen Market by Source
11.4.7.1.3 South Africa Marine Collagen Market by Animal
11.4.7.1.4 South Africa Marine Collagen Market by Application
11.4.7.2 Saudi Arabia Marine Collagen Market
11.4.7.2.1 Saudi Arabia Marine Collagen Market by Type
11.4.7.2.2 Saudi Arabia Marine Collagen Market by Source
11.4.7.2.3 Saudi Arabia Marine Collagen Market by Animal
11.4.7.2.4 Saudi Arabia Marine Collagen Market by Application
11.4.7.3 U.A.E Marine Collagen Market
11.4.7.3.1 U.A.E Marine Collagen Market by Type
11.4.7.3.2 U.A.E Marine Collagen Market by Source
11.4.7.3.3 U.A.E Marine Collagen Market by Animal
11.4.7.3.4 U.A.E Marine Collagen Market by Application
11.4.7.4 Rest of Middle East and Africa Marine Collagen Market
11.4.7.4.1 Rest of Middle East and Africa Marine Collagen Market by Type
11.4.7.4.2 Rest of Middle East and Africa Marine Collagen Market by Source
11.4.7.4.3 Rest of Middle East and Africa Marine Collagen Market by Animal
11.4.7.4.4 Rest of Middle East and Africa Marine Collagen Market by Application
11.5. SOUTH AND CENTRAL AMERICA
11.5.1 South and Central America Marine Collagen Market Overview
11.5.2 South and Central America Marine Collagen Market Forecasts and Analysis
11.5.3 South and Central America Marine Collagen Market Forecasts and Analysis - By Type
11.5.4 South and Central America Marine Collagen Market Forecasts and Analysis - By Source
11.5.5 South and Central America Marine Collagen Market Forecasts and Analysis - By Animal
11.5.6 South and Central America Marine Collagen Market Forecasts and Analysis - By Application
11.5.7 South and Central America Marine Collagen Market Forecasts and Analysis - By Countries
11.5.7.1 Brazil Marine Collagen Market
11.5.7.1.1 Brazil Marine Collagen Market by Type
11.5.7.1.2 Brazil Marine Collagen Market by Source
11.5.7.1.3 Brazil Marine Collagen Market by Animal
11.5.7.1.4 Brazil Marine Collagen Market by Application
11.5.7.2 Argentina Marine Collagen Market
11.5.7.2.1 Argentina Marine Collagen Market by Type
11.5.7.2.2 Argentina Marine Collagen Market by Source
11.5.7.2.3 Argentina Marine Collagen Market by Animal
11.5.7.2.4 Argentina Marine Collagen Market by Application
11.5.7.3 Rest of South and Central America Marine Collagen Market
11.5.7.3.1 Rest of South and Central America Marine Collagen Market by Type
11.5.7.3.2 Rest of South and Central America Marine Collagen Market by Source
11.5.7.3.3 Rest of South and Central America Marine Collagen Market by Animal
11.5.7.3.4 Rest of South and Central America Marine Collagen 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. MARINE COLLAGEN MARKET, KEY COMPANY PROFILES
13.1. AMICOGEN INC
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. BEIJING TAIAITAI BIOTECHNOLOGY CO.LTD
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. BHN INTERNATIONAL CO., LTD.
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. CHINAPEPTIDE CO LTD
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. GELITA AG
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. ITALGELATINE S.P.A.
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. NIPPI. INC.
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. NITTA GELATIN INDIA LTD
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. VITAL PROTEINS LLC.
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. WEISHARDT HOLDING SA
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.Amicogen Inc
2.Beijing Taiaitai Biotechnology Co.Ltd
3.BHN INTERNATIONAL CO., LTD.
4.ChinaPeptide Co Ltd
5.GELITA AG
6.ITALGELATINE S.p.A.
7.Nippi. Inc.
8.Nitta Gelatin India Ltd
9.Vital Proteins LLC.
10.Weishardt Holding SA
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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