Meat Speciation Testing Market Opportunities 2031
The meat speciation testing market is basically a process of animal species identification for ethnic, safety, and economic reason. This process is done in order to quantify the relative level of animal DNA, which can be done through the PCR qualitative analysis technique, ELISA, and others. The use of meat speciation testing is increasing due to the intense scrutiny in the food production industry. The meat speciation testing is done in order to provide quality products with less production cost. This testing system verifies the product labels confirm the product's authenticity.
MARKET DYNAMICS
As the lifestyle of the consumers are changing, and they are becoming more and more health-conscious, the demand for packed meat is increasing. Thus to meet the regulatory requirements, manufacturers are investing more and more in research and development. This increases the demand for meat speciation testing as it will ensure the quality and safety of the product. There is a rise in consumers consuming meat across the world and also in the scandals of mislabelling of meat products. This becomes one of the major factors driving the growth of the meat speciation testing market.
MARKET SCOPE
The "Global Meat Speciation Testing Market Analysis to 2031" is a specialized and in-depth study of the chemical and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the meat speciation testing market with detailed market segmentation by form, species, technology and geography. The meat speciation testing market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading meat speciation testing market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The Global Meat Speciation Testing Market is segmented on the basis of form, species and technology. On the basis of form the market is segmented into raw, processed and cooked. On the basis of species the market is segmented into sheep, horse, chicken, pig, cow and turkey. On the basis of technology the market is segmented into PCR (Polymerase Chain Reaction) Technique, ELISA (Enzyme-Linked Immunosorbent Assay) Technique and Molecular Diagnostic Technique.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the meat speciation testing market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The meat speciation testing market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyses factors affecting meat speciation testing market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting meat speciation testing market in these regions.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the meat speciation testing market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The meat speciation testing market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyses factors affecting meat speciation testing market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting meat speciation testing market in these regions.
MARKET PLAYERS
The reports cover key developments in the meat speciation testing market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from meat speciation testing market are anticipated to lucrative growth opportunities in the future with the rising demand for meat speciation testing in the global market. Below mentioned is the list of few companies engaged in the meat speciation testing market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the meat speciation testing market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- DH Tech. Dev. Pte. Ltd
- SYNLAB
- LGC Limited,
- NEOGEN Corporation
- VWR International, LLC.
- ALS Limited
- Eurofins Scientific
- Romer Labs
- Intertek Group plc
- Minerva Biolabs GmbH
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
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.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Meat Speciation Testing Market - By Form
1.3.2 Meat Speciation Testing Market - By Species
1.3.3 Meat Speciation Testing Market - By Technology
1.3.4 Meat Speciation Testing Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. MEAT SPECIATION TESTING 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. MEAT SPECIATION TESTING 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. MEAT SPECIATION TESTING MARKET - GLOBAL MARKET ANALYSIS
6.1. MEAT SPECIATION TESTING - GLOBAL MARKET OVERVIEW
6.2. MEAT SPECIATION TESTING - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. MEAT SPECIATION TESTING MARKET - REVENUE AND FORECASTS TO 2028 - FORM
7.1. OVERVIEW
7.2. FORM MARKET FORECASTS AND ANALYSIS
7.3. RAW
7.3.1. Overview
7.3.2. raw Market Forecast and Analysis
7.4. PROCESSED
7.4.1. Overview
7.4.2. processed Market Forecast and Analysis
7.5. COOKED
7.5.1. Overview
7.5.2. cooked Market Forecast and Analysis
8. MEAT SPECIATION TESTING MARKET - REVENUE AND FORECASTS TO 2028 - SPECIES
8.1. OVERVIEW
8.2. SPECIES MARKET FORECASTS AND ANALYSIS
8.3. SHEEP
8.3.1. Overview
8.3.2. sheep Market Forecast and Analysis
8.4. HORSE
8.4.1. Overview
8.4.2. horse Market Forecast and Analysis
8.5. CHICKEN
8.5.1. Overview
8.5.2. chicken Market Forecast and Analysis
8.6. PIG
8.6.1. Overview
8.6.2. pig Market Forecast and Analysis
8.7. COW
8.7.1. Overview
8.7.2. cow Market Forecast and Analysis
8.8. TURKEY
8.8.1. Overview
8.8.2. turkey Market Forecast and Analysis
9. MEAT SPECIATION TESTING MARKET - REVENUE AND FORECASTS TO 2028 - TECHNOLOGY
9.1. OVERVIEW
9.2. TECHNOLOGY MARKET FORECASTS AND ANALYSIS
9.3. PCR (POLYMERASE CHAIN REACTION) TECHNIQUE
9.3.1. Overview
9.3.2. PCR (Polymerase Chain Reaction) Technique Market Forecast and Analysis
9.4. ELISA (ENZYME-LINKED IMMUNOSORBENT ASSAY) TECHNIQUE
9.4.1. Overview
9.4.2. ELISA (Enzyme-Linked Immunosorbent Assay) Technique Market Forecast and Analysis
9.5. MOLECULAR DIAGNOSTIC TECHNIQUE.
9.5.1. Overview
9.5.2. Molecular Diagnostic Technique. Market Forecast and Analysis
10. MEAT SPECIATION TESTING MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Meat Speciation Testing Market Overview
10.1.2 North America Meat Speciation Testing Market Forecasts and Analysis
10.1.3 North America Meat Speciation Testing Market Forecasts and Analysis - By Form
10.1.4 North America Meat Speciation Testing Market Forecasts and Analysis - By Species
10.1.5 North America Meat Speciation Testing Market Forecasts and Analysis - By Technology
10.1.6 North America Meat Speciation Testing Market Forecasts and Analysis - By Countries
10.1.6.1 United States Meat Speciation Testing Market
10.1.6.1.1 United States Meat Speciation Testing Market by Form
10.1.6.1.2 United States Meat Speciation Testing Market by Species
10.1.6.1.3 United States Meat Speciation Testing Market by Technology
10.1.6.2 Canada Meat Speciation Testing Market
10.1.6.2.1 Canada Meat Speciation Testing Market by Form
10.1.6.2.2 Canada Meat Speciation Testing Market by Species
10.1.6.2.3 Canada Meat Speciation Testing Market by Technology
10.1.6.3 Mexico Meat Speciation Testing Market
10.1.6.3.1 Mexico Meat Speciation Testing Market by Form
10.1.6.3.2 Mexico Meat Speciation Testing Market by Species
10.1.6.3.3 Mexico Meat Speciation Testing Market by Technology
10.2. EUROPE
10.2.1 Europe Meat Speciation Testing Market Overview
10.2.2 Europe Meat Speciation Testing Market Forecasts and Analysis
10.2.3 Europe Meat Speciation Testing Market Forecasts and Analysis - By Form
10.2.4 Europe Meat Speciation Testing Market Forecasts and Analysis - By Species
10.2.5 Europe Meat Speciation Testing Market Forecasts and Analysis - By Technology
10.2.6 Europe Meat Speciation Testing Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Meat Speciation Testing Market
10.2.6.1.1 Germany Meat Speciation Testing Market by Form
10.2.6.1.2 Germany Meat Speciation Testing Market by Species
10.2.6.1.3 Germany Meat Speciation Testing Market by Technology
10.2.6.2 France Meat Speciation Testing Market
10.2.6.2.1 France Meat Speciation Testing Market by Form
10.2.6.2.2 France Meat Speciation Testing Market by Species
10.2.6.2.3 France Meat Speciation Testing Market by Technology
10.2.6.3 Italy Meat Speciation Testing Market
10.2.6.3.1 Italy Meat Speciation Testing Market by Form
10.2.6.3.2 Italy Meat Speciation Testing Market by Species
10.2.6.3.3 Italy Meat Speciation Testing Market by Technology
10.2.6.4 United Kingdom Meat Speciation Testing Market
10.2.6.4.1 United Kingdom Meat Speciation Testing Market by Form
10.2.6.4.2 United Kingdom Meat Speciation Testing Market by Species
10.2.6.4.3 United Kingdom Meat Speciation Testing Market by Technology
10.2.6.5 Russia Meat Speciation Testing Market
10.2.6.5.1 Russia Meat Speciation Testing Market by Form
10.2.6.5.2 Russia Meat Speciation Testing Market by Species
10.2.6.5.3 Russia Meat Speciation Testing Market by Technology
10.2.6.6 Rest of Europe Meat Speciation Testing Market
10.2.6.6.1 Rest of Europe Meat Speciation Testing Market by Form
10.2.6.6.2 Rest of Europe Meat Speciation Testing Market by Species
10.2.6.6.3 Rest of Europe Meat Speciation Testing Market by Technology
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Meat Speciation Testing Market Overview
10.3.2 Asia-Pacific Meat Speciation Testing Market Forecasts and Analysis
10.3.3 Asia-Pacific Meat Speciation Testing Market Forecasts and Analysis - By Form
10.3.4 Asia-Pacific Meat Speciation Testing Market Forecasts and Analysis - By Species
10.3.5 Asia-Pacific Meat Speciation Testing Market Forecasts and Analysis - By Technology
10.3.6 Asia-Pacific Meat Speciation Testing Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Meat Speciation Testing Market
10.3.6.1.1 Australia Meat Speciation Testing Market by Form
10.3.6.1.2 Australia Meat Speciation Testing Market by Species
10.3.6.1.3 Australia Meat Speciation Testing Market by Technology
10.3.6.2 China Meat Speciation Testing Market
10.3.6.2.1 China Meat Speciation Testing Market by Form
10.3.6.2.2 China Meat Speciation Testing Market by Species
10.3.6.2.3 China Meat Speciation Testing Market by Technology
10.3.6.3 India Meat Speciation Testing Market
10.3.6.3.1 India Meat Speciation Testing Market by Form
10.3.6.3.2 India Meat Speciation Testing Market by Species
10.3.6.3.3 India Meat Speciation Testing Market by Technology
10.3.6.4 Japan Meat Speciation Testing Market
10.3.6.4.1 Japan Meat Speciation Testing Market by Form
10.3.6.4.2 Japan Meat Speciation Testing Market by Species
10.3.6.4.3 Japan Meat Speciation Testing Market by Technology
10.3.6.5 South Korea Meat Speciation Testing Market
10.3.6.5.1 South Korea Meat Speciation Testing Market by Form
10.3.6.5.2 South Korea Meat Speciation Testing Market by Species
10.3.6.5.3 South Korea Meat Speciation Testing Market by Technology
10.3.6.6 Rest of Asia-Pacific Meat Speciation Testing Market
10.3.6.6.1 Rest of Asia-Pacific Meat Speciation Testing Market by Form
10.3.6.6.2 Rest of Asia-Pacific Meat Speciation Testing Market by Species
10.3.6.6.3 Rest of Asia-Pacific Meat Speciation Testing Market by Technology
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Meat Speciation Testing Market Overview
10.4.2 Middle East and Africa Meat Speciation Testing Market Forecasts and Analysis
10.4.3 Middle East and Africa Meat Speciation Testing Market Forecasts and Analysis - By Form
10.4.4 Middle East and Africa Meat Speciation Testing Market Forecasts and Analysis - By Species
10.4.5 Middle East and Africa Meat Speciation Testing Market Forecasts and Analysis - By Technology
10.4.6 Middle East and Africa Meat Speciation Testing Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Meat Speciation Testing Market
10.4.6.1.1 South Africa Meat Speciation Testing Market by Form
10.4.6.1.2 South Africa Meat Speciation Testing Market by Species
10.4.6.1.3 South Africa Meat Speciation Testing Market by Technology
10.4.6.2 Saudi Arabia Meat Speciation Testing Market
10.4.6.2.1 Saudi Arabia Meat Speciation Testing Market by Form
10.4.6.2.2 Saudi Arabia Meat Speciation Testing Market by Species
10.4.6.2.3 Saudi Arabia Meat Speciation Testing Market by Technology
10.4.6.3 U.A.E Meat Speciation Testing Market
10.4.6.3.1 U.A.E Meat Speciation Testing Market by Form
10.4.6.3.2 U.A.E Meat Speciation Testing Market by Species
10.4.6.3.3 U.A.E Meat Speciation Testing Market by Technology
10.4.6.4 Rest of Middle East and Africa Meat Speciation Testing Market
10.4.6.4.1 Rest of Middle East and Africa Meat Speciation Testing Market by Form
10.4.6.4.2 Rest of Middle East and Africa Meat Speciation Testing Market by Species
10.4.6.4.3 Rest of Middle East and Africa Meat Speciation Testing Market by Technology
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Meat Speciation Testing Market Overview
10.5.2 South and Central America Meat Speciation Testing Market Forecasts and Analysis
10.5.3 South and Central America Meat Speciation Testing Market Forecasts and Analysis - By Form
10.5.4 South and Central America Meat Speciation Testing Market Forecasts and Analysis - By Species
10.5.5 South and Central America Meat Speciation Testing Market Forecasts and Analysis - By Technology
10.5.6 South and Central America Meat Speciation Testing Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Meat Speciation Testing Market
10.5.6.1.1 Brazil Meat Speciation Testing Market by Form
10.5.6.1.2 Brazil Meat Speciation Testing Market by Species
10.5.6.1.3 Brazil Meat Speciation Testing Market by Technology
10.5.6.2 Argentina Meat Speciation Testing Market
10.5.6.2.1 Argentina Meat Speciation Testing Market by Form
10.5.6.2.2 Argentina Meat Speciation Testing Market by Species
10.5.6.2.3 Argentina Meat Speciation Testing Market by Technology
10.5.6.3 Rest of South and Central America Meat Speciation Testing Market
10.5.6.3.1 Rest of South and Central America Meat Speciation Testing Market by Form
10.5.6.3.2 Rest of South and Central America Meat Speciation Testing Market by Species
10.5.6.3.3 Rest of South and Central America Meat Speciation Testing Market by Technology
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. MEAT SPECIATION TESTING MARKET, KEY COMPANY PROFILES
12.1. ALS LIMITED
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. DH TECH. DEV. PTE. LTD
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. EUROFINS SCIENTIFIC
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. INTERTEK GROUP PLC
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. LGC LIMITED,
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. MINERVA BIOLABS GMBH
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. NEOGEN CORPORATION
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. ROMER LABS
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. SYNLAB
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. VWR INTERNATIONAL, LLC.
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. ALS Limited
2. DH Tech. Dev. Pte. Ltd
3. Eurofins Scientific
4. Intertek Group plc
5. LGC Limited,
6. Minerva Biolabs GmbH
7. NEOGEN Corporation
8. Romer Labs
9. SYNLAB
10. VWR International, LLC.
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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